Venture Life Share Discussion Threads

[hydrus] 13/8/2018 08:51

I don't like the charges Dacian - my gut feeling is that it's relatively straight forward to build an income portfolio of say 25 companies and generate a 4% yield. A fund manager would take 1/4 of that yield.My initial view following a few experimental purchases is that it will be sensible to have a mix of lower yielding yet fast growing dividend payers (eg GAW/BVXP), with steady large cap companies alongside one or two high yielders (eg CARD).

[apad] 13/8/2018 08:30

Hydrus, agree about expanding too much. Restaurant groups are good at that!
I prefer roll-ups like PTSG, but they are no good for income.

There's a Card Factory next to a Clinton Cards in Dorchester. Neither looks very busy.
The trouble with prime sites is that they attract competition.

Anybody got an opinion about Hammond's threat to tax turnover of on-line companies?

apad😎

[hydrus] 13/8/2018 08:29

Wot APAD said

[hydrus] 13/8/2018 08:18

Iomax my cash balance varies according to how comfortable I feel with market plus whether I can find opportunities. Varies from 5-30% typically. I've used some of the balance to test an income portfolio so currently about 15% I think.

[hydrus] 13/8/2018 08:14

Agree re CARD APAD. It's ex-growth but that's not a problem as highly cash generative. Biggest risk is they keep trying to expand too much.BVXP similar for me.

[lomax99] 13/8/2018 07:56

Can I please ask your general attitude to holding more cash?

I have always stayed fairly fully invested (95%+), but there host of factors (poor economic growth, uncertainly around brexit, threat of trade wars, high levels of debt, record level of indexes, stretched valuations, etc) and doom mongers suggesting a significant correction is close, which leaves me wondering whether it would be prudent to be holding more cash (10 - 25%)?

[apad] 13/8/2018 07:48

Mincon doing well. Another one I got impatient with!
To be fair , income in euros was a pain.

AMER is 0.01% of Stairway, Lauders!
I have SOU/AMER/SDX in small amounts.
Dunno what I am playing at, really.

Hydrus, one of my best income shares is BVXP!
6.8% last year with the special divi.

The likes of CARD seem to do well at the start of roll out then stall - presumably the trick is to stop rolling out at the right time?

apad

[hydrus] 13/8/2018 07:37

No reason to respect my experimental income portfolio stock picks ;)Don't worry though I'll make my own mind up as always. Happy to stick with CARD

[thelongandtheshortandthetall] 13/8/2018 07:35

Hi Hydrus.

could prove to be very a consistent income play.

I certainly respect you and your stock choices so please dont let me sway you either way.

I was going on instincts really.


Cheers

[hydrus] 13/8/2018 07:21

In context - it's worth about 4% of my ZOO holding.....

[hydrus] 13/8/2018 07:10

I have CARD in my new income portfolio. Could be a stinker but every card I see being given/received is from Card Factory as it's so cheap. Just to be clear though, income investing is not my main area of focus and certainly don't have any specific skills. If it goes badly I'll probably just sack it all off. My main focus continues to be small companies growing quickly, with high quality attributes.

[lauders] 13/8/2018 02:18

Amazed that your ex puppy is still breathing, Lauders.

Rightly or wrongly, I think they could still do well Apad. Not sure they are near death yet, but I must admit I am happy I switched to ZOO last year with the proceeds from the puppy sale.

Your puppies are doing OK apart from AMER. That is also one that is behaving badly for me and I bought in before you did so am down even further! I still expect it to be a good investment one of these days. Trouble is can I keep holding it while others I hold look better prospects? Have to keep looking at the start of my previous post with the quote dacian kindly provided from an FT link!

[thelongandtheshortandthetall] 12/8/2018 23:27

Just found this too.


Think this was what I previously found that made me dig a little deeper.

If it shoots up... sorry in advance:)

[redartbmud] 12/8/2018 22:59

tlatsatt

Thanks, that is very helpful.

red - watch the red flag!!

red

[thelongandtheshortandthetall] 12/8/2018 22:35

oh yes I remember now.
I thought management handed themselves special dividends to get the money out of the business quickly as well as benefiting from the IPO.
Just didnt like it was all.

Kind of like we've got 5 years to maximise this business before it pops.

Just my very loose opinion.

[thelongandtheshortandthetall] 12/8/2018 22:29

CARD
not me red. thought about it being a short.
I was supprised when hydrus mentioned it a buy.
they had a very healthy cash balance.. gone now.
debt appearing and profits plateauing.

Hydrus is your man for that one and hes probably right but as I say I thought it a short.

EDIT: above is from memory.

[valhamos] 12/8/2018 22:29

red

Vitec - no position as yet but I think the appointment of Duncan Perry, the experienced CEO of XPP as a non exec is interesting in terms of its APAC expansion objective.

[redartbmud] 12/8/2018 22:03

Anyone still have an interest in:-

Card Factory - I see that the share price is well off the peak.

Vitec - just looking. No research as yet.

red

[thelongandtheshortandthetall] 12/8/2018 18:41

melton.
looks like APADs true to his word. his next post contained 26 links haha.

[thelongandtheshortandthetall] 12/8/2018 18:41

melton.
looks like APADs true to his word. his next post contained 26 links haha.

[redartbmud] 12/8/2018 18:30

APAD

That is the key point.
Brits running US businesses usually ends in tears.

red

[apad] 12/8/2018 18:18

One good point about the FEVR US line-up is that it is yoodles running a US operation. It is not being run from the UK, so there isn't the usual culture gap.
I'm feeling quite positive, and surprised.

apad😎

[apad] 12/8/2018 14:20

Interesting insights already, red.

CEO is older, very experienced in the US drinks industry. Knew that anyway.
Finance guy is about five years with FEVR, from the UK - so there is a spy in the camp.
CEO has used his experience to hire younger folk with very relevant industrial backgrounds - they'll work 70/80 hour weeks.

All looks very sensible.

Now I'll see if I can glean anything useful from their posts.

apad😎

ps
Never thought I'd be using Linkedin!