Wpp Share Discussion Threads

[gateside] 01/4/2017 12:14

I wish!!!Good guess with an island. I was on Orkney.Had quiet a few dividends this week, which is probably why I outperformed your prediction.

[nasdaqpat] 01/4/2017 11:24

Better than I thought, Gateside...how was Mauritius anyway?

[gateside] 01/4/2017 08:29

Been away with work.

You have taken care of my portfolio in my absence over the last few days.

I'm now at +1.70%

[invisage] 31/3/2017 17:48

+3.60% YTD
BP and IMB paid dividends today.

[nasdaqpat] 31/3/2017 17:12

Our investments moderately outperformed today with a decline of (0.19%) as opposed to a decline of (0.63%) for FTSE100. Of our remaining 29 shares, we had 10 finish Up, 14 Down & 5 Unchanged.

For the week as a whole our investments ended up improving 01.13% which was a significant outperformance against the FTSE100 which was Down (00.19%) (7337:7323). Overall, our assets were Up 00.58% on the week. The calendar year performance table is shown below :-

FTSE250~~~~~+05.61%~~(18077:18972 + 00.66% Dividend Yield)
FTSE AS~~~~~+03.89%~~(3873:3990 + 00.87% Dividend Yield)
Invisage~~~~+03.60%~~(Slightly underperformed FTSE100 but large divi payments helped)
FTSE100~~~~~+03.45%~~(7143:7323 + 00.93% Dividend Yield)
Videans~~~~~+02.20%~~(Very good performances from various individual companies)
Gateside~~~~+01.70%~~(Slightly ahead of FTSE100 on the week)

Direction of FTSE still uncertain but decided to bank some more profits so our stock level reduced to 47.5% from 51.2% at the end of last week.

[essentialinvestor] 31/3/2017 07:54

Pat, appreciated the reply, many thanks.

[nasdaqpat] 31/3/2017 07:44

No, the current cyclical Bull only started in Feb 2016 @ 5500 so should have further to run. My Bull target for FTSE is c45.00% equating to c7975 which I fancy to be reached during Q2 or Q3 of 2018.

I am hoping that we are now having just a segmental correction from the gains since Nov 2016; hence target of c6971 for FTSE which is only a c(06.39%) decline. However, this Bull is likely to consist of 2 Phases so there is also the spectre of a Phase correction to come and there may not be time for a segmental correction first. A Phase correction takes out 1 or more Segmental bases so, currently, a move below 6677 & 6654 is feasible (if not now, possibly Jul to Oct this year).

[essentialinvestor] 31/3/2017 05:12

Pat, is your cash % positioning in anticipation this bull market is about to
roll over in to a new cyclical bear market?. TIA.

[nasdaqpat] 30/3/2017 22:30

Yes, EI, the consensus is usually wrong...that's partly why I think the initial correction may have started for DOW, FTSE & NASComp...albeit new ath for NAS100 tonight and another interim high for DAX.

[nasdaqpat] 30/3/2017 20:04

Thx blueball.

I actually think WPP is still in correction mode. All that is happening, IMO, is that it is putting in its first Phantom wave before resuming its correction. However, I am hoping that the current Up wave is worth c12.00% so, from 1637p on 22 Mar, I am hoping it will reach c1833p before the market wide correction intensifies. At around about that level we will either sell or reduce (possibly by a half). My medium-term target is c1523p which equates to the c(61.80%) give back mark of the gains from 1273p on 24 Aug 2015 to the current ath of 1928p on 02 Mar 2017.

[essentialinvestor] 30/3/2017 19:54

Pat, would be surprised if we do not have a more meaningful pullback
late April in to early Summer.

My caution with this happening is it now appears a consensus view,
it's mentioned on multiple boards. Markets tend not to oblige consensus
so this occurring a little later, or earlier than anticipated may fit better.
If at all!.

[blueball] 30/3/2017 19:21

stay long.

[nasdaqpat] 30/3/2017 19:20

Everything OK Gateside?

[nasdaqpat] 30/3/2017 19:19

Know what you mean EI as we currently hold 52.3% cash. In fact, we've been under-invested for most of the last 12 months. Back in Feb 2016 we were 72% invested but since then our average has been more like 55% due to cautiousness on both Referendum, US Presidential election and latterly the imminency of a correction. Consequently, our 2016 return was only +09.39% but better safe than sorry, I suppose.

Markets may well not correct for a few months yet but I'm reasonably relaxed if that happens...just pocket the, albeit smaller, profits and gradually reduce down to an invulnerable level and then gradually Buy, heavily at times, when others are panic selling. Simples!

[essentialinvestor] 30/3/2017 18:18

Would kill for the UKX under 7100, 24% cash is painful atm.

[nasdaqpat] 30/3/2017 16:56

Our investments moderately outperformed today with a a gain of 0.38% as opposed to a decline of (0.06%) for FTSE100. Of our remaining 29 shares, 19 closed Up, 7 Down & 3 Unchanged. Stock level decreased further to 47.7% after sale of BOO.

[nasdaqpat] 30/3/2017 12:01

Today is Day 3 of the current FTSE100 Up wave with the earlier 7385 possibly representing the totality of a 67.54% recovery of the prior 6 day Down wave (7447:7256). My target was c7399 but 7385 is close enough. Tomorrow could therefore see the start of a second Down wave within a correction...my target for wave 2 Down would be c(04.50%) leading to c7053 (assuming 7385 is not bested). My overall Segmental correction target remains c6971.

However, I fancy DOW has nowhere near finished recovering its 18 day, (03.57%) Down wave and it could easily put on an additional 01.50%+ from current out of hours levels. In which case, FTSE could still post a new high of c7470 based on a par performance (7360+01.50%).

[nasdaqpat] 30/3/2017 10:53

Decided it was time to cash out on BOO (for now) as valuation may be getting a bit stretched...so now only 29 companies & stock level 47.8%.

[invisage] 30/3/2017 08:03

Sold SCTBought RPC

[nasdaqpat] 29/3/2017 16:52

Our investments market performed today with a gain of 0.47% as opposed to 0.41% for FTSE100. Of our 30 shares, 17 closed Up, 10 Down & 3 Unchanged. Stock level decreased slightly to 48.6% after some profit taking on Trackers.

[nasdaqpat] 29/3/2017 11:18

So far, @ the earlier 7374, FTSE has recovered 61.78% of 7447:7256 in 2 days. After this mini sell-off, it'll be interesting to see if it rallies some more or whether tomorrow will be Day 1 of a second principal wave Down within a correction.

[nasdaqpat] 28/3/2017 20:58

However, if DAX is anything to go by, this could be one of those anomalous situations I referred to in Post 10254...DAX's 6th wave base was 11918 (9 Mar), it then extended its interim high to 12156 on 16 Mar before appearing to start a correction by descending to 11850 on 22 Mar. Today it has extended its high by reaching 12159. I am treating this as Day 4 of a 7th Up wave resuming its 10175 (9 Nov 2016) based Segment.

[nasdaqpat] 28/3/2017 19:42

Yes, but the 6 day move to below the last Up wave base of 7264 would normally lead to at least an initial correction which we haven't really had yet.