Venture Life Share Discussion Threads

[hydrus] 09/10/2018 19:52

AB Dynamics is an excellent company and one of my regrets as I owned it years ago.

[apad] 09/10/2018 19:52

tlst
Very much appreciated. I think you are too complex for her.
FWIW, I understand exactly where you are coming from, especially the 'negate UK risk' point.
Thanks again,
apad

[thelongandtheshortandthetall] 09/10/2018 19:44

Top ten holidings for Buffettology Fund
quite a few metioned here..

Games Workshop Group 6.48%
Craneware 4.79%
AB Dynamics 4.20%
Bioventix 4.06%
Dart Group 3.38%
Victrex 3.27%
RWS Holdings 3.19%
Hargreaves Lansdown 3.13%
Liontrust Asset Management 3.05%
Scapa Group 2.90%

[thelongandtheshortandthetall] 09/10/2018 19:42

Hello Apad

I would love to help your friend but my Funds and Trust interest is limited to those that would be considered disciples of Buffett rather than UK conservative types.

Also Im using my investment portfolio as a way to negate UK risk.
IE I earn in GBP, my house is in the UK (mortgage borrowed in GBP) plus our premium bonds are in GBP (wife wont let me sell em :))
So most of my investment interest is overseas. google and amazon, fundsmith equity, lindsell train global equity, smithson - in the coming weeks.

This is my only current UK based fund.
CFP SDL UK BUFFETTOLOGY:



Also I quite like.
CFP SDL FREE SPIRIT



Free Spirit is from the same office as Buffettology But I believe it may be slightly more conservative due to its lower growth target - see below from the Key investor information sheet:

The investment objective of the Fund is to seek to achieve real growth in
capital and income over the long term. The Fund will invest mainly in a
portfolio of UK equities listed on the LSE or quoted on AIM/ISDX and may
also invest in other transferable securities, money market instruments, units
and/or Shares in other collective investment schemes, deposits, warrants,
cash and near cash.

Real growth means growth in excess of inflation, defined as the UK
Consumer Price Index (CPI) +2% per annum on average and long term
means over a minimum investment horizon of five years. It is likely that the
portfolio will contain between 25 and 40 holdings when fully invested.

-

BTW I invest through the share centre www.share.com and they allow me to buy the fund class that is usually available to Institutions only. This gives me a slightly lower ongoing % charge. This is the case with Fundsmith and Buffettology. may be worth your friend calling her broker to see if they offer the same helping hand.

Cheers

[apad] 09/10/2018 19:34

I've done 4 sizeable movements from PRV to BVXP, in the last two days, red.

This has been a deliberate morphing of Stairway. There is a 91p divi due on BVXP. It's now my 4th largest holding and I am prepared to increase further on any weakness. I don't know if it will happen this time, but I have noticed an automatic markdown of the stock price by the amount of the divi, only to drift back up again in a reasonably short order.

QTX under the cosh, as some predicted, very well. I'm watching the graph with a view to potentially averaging down (off about 18% at the moment). Only small change though.

On the macro front, I think the Italy issue should be more high profile, but all eyes are on the yoodles.
10.6% pull back for me because of the high price constituents in Stairway. Another test of basic principles!

apad😧

[redartbmud] 09/10/2018 18:37

APAD

I made the same decision. If the macro scenario means that the timing is out then I will just wait it out. The upwards momentum has to return at some point. It is then that we will see the true benefit.
My recent purchases are just tinkering around the edges. The overall average price is well covered for armagedon xxxx.
I just want to add to a quality position, at somewhere near a short term low. Timing the absolute bottom is a mugs game.

If I could have made a better 'turn' anywhere else then hey ho....

red

[apad] 09/10/2018 18:02

Hi red,
RSW closed today a little lower than my buy price after a kick first thing.
Gorra look 3 years back since it was this far below the 200SMA.
Depends on the overall market for the time being. I'm not sure agm type news will move anything for a while.
My increase is entirely on our analysis a while back 'that all the different developments seem to be slotting into place at the same time'
If this is more than a 'correction' then oops!
apad

[redartbmud] 09/10/2018 17:23

APAD

Out all day, so I have not followed markets.
I also took a view on Rsw, adding today and prepared to hold for the duration.
Somehow, I do believe that the US market has a little bit of upside left and that Rsw can stage a mini-recovery.
AGM on 18 October might be a good guide to the immediate future. Can we hope for a spike?

red

[apad] 09/10/2018 15:44

Nope, I was thinking about PRV.

Harrison is lovin', BVXP.

apad

[big7ime] 09/10/2018 15:00

Do you think there is reasonable chance of a takeover of BVXP? Seems to me pretty specialist or is that the attraction

[apad] 09/10/2018 14:56

The market has put paid to my tactics by marking PRV down.
Ah Well.
PRV remainder is at -£1.53 a share.
apad

[apad] 09/10/2018 14:40

Yes, Big7.
I'm progressively selling Porvair (doubts because the last takeover took it domestic and it's losing money in China), which is not suffering, into BVXP which is suffering.
Last buy was £30.
So, going against the flow. Wait for the takeover!
Possibly not good timing as there will be a while between BVXP going ex div and news flow from Siemens.
apad😧

[big7ime] 09/10/2018 14:29

The British have always been more cautious investors and panic stricken in a downturn
Just look and compare the US/UK markets over the past 20yrs. The US coughs we catch a cold, I have never understood why. The US will likely recover it’s small fall and hit new high again whilst we languish and blame Brexit

[big7ime] 09/10/2018 14:25

I thought you were 100% invested APAD, where’s all this dosh coming from, have you sold something? ;)

[thetrophyman] 09/10/2018 12:57

Yup, anytime, no problem, you're welcome ...

[apad] 09/10/2018 12:12

Increased BVXP.
apad😎

[apad] 09/10/2018 11:39

I agree, Big7.
So, it all depends on whether this is a correction or the start of a bear market.
My view is that rapid, short term, changes in the US economy and bond yield increases have brought the point you make into focus and this has driven the reaction.

My view is that I am not convinced the US is on the Yellow Brick Road and that RoW has significant problems.
Good companies are profitable and trade is doing well enough, but ordinary folks would be screwed flat by significant interest rate rises. Imagine the furore in the UK house market. Have you been to Greece lately? It is a train wreck. The Eurocrats are worried sick about Italy - it's too big to inflict a Cyprus/Greece 'solution'

FWIW

apad🤔

[big7ime] 09/10/2018 11:02

Yet revs/profits haven’t doubled so my point a long while ago was that prices have risen on a combination of figs and lower int rates pushing yields lower, asset prices higher. What do you envisage in an increasing int rate cycle?
Stocks like these could have much further to fall unless figs increase substantially no? And a few yrs is nothing in stock markets so back to the £20s isn’t unreasonable

[apad] 09/10/2018 11:00

Had £500 left over so bought a few NTQ.

apad😊

[apad] 09/10/2018 10:53

RSW purchase price history:
5-Dec-2008 1381
11-Sep-2012 1617
20-Feb-2012 1513
2-Jul-2015 2282
30-Jul-2015 2112
15-Mar-2016 1888
9-Oct-2018 4365

apad

[apad] 09/10/2018 10:01

Post the dentist bought RSW at £43.41394, red.
One has to make a decision somewhen.
I expect to hold forever - but then, I always say that.

apad😎

[redartbmud] 09/10/2018 08:12

My latest Brittany moment.

Bought 100 Rsw 08.00.47 at £43.862

Oops, I did it again.

red

[redartbmud] 09/10/2018 08:09

A pullback in Fever-Tree (FEVR) shares presents a ‘rare’ opportunity to snap up shares in the soft drinks and mixer maker, says Jefferies.

Analyst Edward Mundy reiterated his ‘buy’ recommendation and target price of £43.00 on the stock after the market became concerned by a slowdown in growth in the UK. The shares slumped 8.3% to £29.54 yesterday.

‘The recent pullback offers a rare entry opportunity into one of the most compelling growth stories within European beverages,’ said Mundy.

‘In isolation, a [monthly] slowdown in the UK – c.50% of profits – from 75.2%...to 37.7%...would raise some concerns, however, this should be seen in the context of the overall [sector] slowing down from 31.5% to 10.3% during the same period.’

red

[attrader] 09/10/2018 08:06

I am getting more and more wary of valuation of quality/good businesses. It seems lots of funds are now focussing on both small and large cap quality universe which has increased popularity of quality investing. Will it generate decent returns if everyone piles into the strategy ?

[apad] 09/10/2018 08:00

tlst
I have a friend who is looking where to put her pension lump sum.
She is looking for conservative UK investments.
She is a good researcher but knows nothing about investment.
Will you supply a short list of trusts and funds for her to look at?
Ta.
apad