Wpp Share Discussion Threads

[gateside] 09/5/2017 13:20

I'll check my buy price of RIO tonight. I have a better buy price for RIO than I do for BLT

[gateside] 09/5/2017 13:19

I like SMIN - looked at them when they were £10 but never bought any! Now they are over £16

[nasdaqpat] 09/5/2017 13:00

I'm looking for an Engineering company, as it happens EI, but I've never tracked ROR but it looks from the chart to be doing well and maybe in its 'sweet spot'. I may have a look in detail tonight.

[nasdaqpat] 09/5/2017 12:53

Hi Gateside, what's your average price on RIO now following the years of decline and the rapid rise last year?

[essentialinvestor] 09/5/2017 12:52

Would love to add some ROR, looks very fully valued atm, fantastic company.

[essentialinvestor] 09/5/2017 12:50

Pat, could not hope to call that tbh!.

There is a strong case to be made for just holding a few longer term
and attempting to ignore the price, easier said than done though.

[gateside] 09/5/2017 12:50

Sea of Blue today. Just SSE down so far.Invisage will be doing another u-turn soon, and going back to being 100% in shares;-)

[nasdaqpat] 09/5/2017 12:44

Sounds like you would be a buyer, but at what level?

[essentialinvestor] 09/5/2017 12:39

Yes Pat, gearing below 20% and another plan to boost FCF in further
operational savings.

[nasdaqpat] 09/5/2017 12:38

Yes, EI, I also like the fact that it has reduced its net debt quite a bit over the last few years!

[essentialinvestor] 09/5/2017 12:19

The Chinese appear to have clamped down(at least to an extent)
on speculative trading in the IO market.

It's difficult to judge demand levels with so many conflicting reports,
what I would be far more confident in saying is RIO looks a fantastic company,
it should thrive longer terms, all be it in a highly cyclical industry.

[nasdaqpat] 09/5/2017 08:42

Cashed some FTSE100 Long Tracker shares (both L100 & VUKE) just in case yesterday's 7322 was top (or near top) of recovery wave (now seems that it wasn't). Overall stock level reduced to 65.4%. Note that 32.3% of our portfolio is in FTSE100 Long Trackers as opposed to 8.2% in a Short Tracker.

[nasdaqpat] 09/5/2017 00:42

RIO Update:-

Iron Ore closed @ $59.46mt yesterday, down (02.35%) from Friday's $60.89mt. Copper traded @ $2.494LB yesterday, down (01.38%) from Friday's level of $2.529LB. This weakness largely explains RIO's share price performance on 08 May (2979p:2935p) a decline of (01.48%).

The current intraday low of 2882.5p on 5 May held but it remains to be seen whether that level will form the base for the next (Phantom) Up wave. If it does, I fancy the share price will improve about 07.00% equating to a short-term target of c3084p; whereupon I will likely reduce our holding which is currently averaging 3257.7p.

[nasdaqpat] 09/5/2017 00:21

The trouble is, Gateside...he's done the right thing cos he's given himself a fair bit of wiggle room. However, it ain't half galling when he is now adopting precisely the position I have been advocating all along and that he has been ridiculing me for. He also makes it sound that it was his idea in the first place. The word 'Turncoat' springs to mind.

BTW, I noted your good performance today but, unfortunately, Voldemort's stocks also continue to do very well and the Videan portfolio was well and truly outpointed.

[gateside] 08/5/2017 23:05

You say "anyone can make money from the Markets"Disagree.... You spout such rubbish.Though you go into say few hold onto it.Yes I agree - I reckon you won't!

[gateside] 08/5/2017 23:00

Now your buying... Make your mind up!

[invisage] 08/5/2017 22:23

Gateside

It is my money at the end of the day.

The FTSE is going sideways, better to put my money in something else. I have previously said VUKE has been a drag on performance.

Anyone can make money from markets, but few can hold on it.

Make no mistake, if the markets have a decent correction I will be buying.

[gateside] 08/5/2017 21:02

Cracking weekend in the Western Highlands climbing.Good to come home to see my Utilities doing well. Miners best forgotten.I see Invisage has done a U-turn..... Buy one minute.... Sell the next. I don't believe a word he says anymore!

[nasdaqpat] 08/5/2017 17:44

WPP Update (no real change):-

WPP's share price appears to be in a correction following the ath of 1928p on 2 Mar and I think it might ultimately decline (25.00%) to c1446p in conjunction with a major market wide correction.

So far, it has visited 1637p on 22 Mar whereupon it rallied 8.4% reaching 1774p on 04 Apr. That looks like a Phantom wave to me with further lows to follow and, subsequently, it has already visited 1651p on 28 Apr.

It is possible that WPP's initial Phantom will be a 2 sub-wave affair and we could see a c8.5% rally from the higher low of 1651p leading to c1791p before it resumes its alleged downward trajectory.

Our average is currently 1656.87p (including costs) and I intend to reduce if it manages to get to the short-term targeted c1791p. If, on the other hand, it initially moves to c1610p or lower then we may well Add depending on wider market dynamics.

[nasdaqpat] 08/5/2017 17:07

Our 28 company portfolio was Up 00.05% today. Only trade today was an Add to XUKS. Overall stock level increased to 68.3% (8.2% of that on the short side).

[nasdaqpat] 08/5/2017 16:09

Hellish difficult to call as to whether FTSE is going Up or still in a correction. The recovery after PW1 Down (7447:7256) was 78.53% (7256:7406) and that was an 11 day, 2 sub-wave affair. PW2 Down (7406:7097) has also been met with a 2 sub-wave advance that has, so far, lasted 11 days and @ 7322 has recovered 72.82%.

Are we about to commence PW3 Down?

[invisage] 08/5/2017 14:03

I think approx 25% in cash my port now. Don't really want to buy stuff unless it is good quality and good value.

I made a decent profit on VERX - European tracker of large caps up 19% since late Nov.

My holding in VUKE made a much more modest return, tbh this was always a holding stock with the view of collecting the 3%+ yield on offer, but I now think that is quite risky given the run we have had in the markets. I am better of buying fixed interest type stocks!

Also just sold out of Next for a small profit, just did'nt like their recent results tbh. And did'nt want to panic sell at the time.

I am down to 31 companies, YTD +5.9%

[nasdaqpat] 08/5/2017 09:11

Yes, I thought it was all over after Round 1 and I certainly didn't expect much upside today. However, I still fancy DOW to get to c21533 before its first correction and that may knock-on to FTSE to some degree. I'm very much thinking 1987 pattern!

[nasdaqpat] 08/5/2017 09:07

Quite so, EI!

I'd actually come to the view that FTSE100 was going to create a new high over the next few weeks and am comfortable holding a good chunk of VUKE (and L100). FTSE has actually extended its Up wave to 11 days (albeit two sub-waves) with the early move to 7305 and appears to be having another go as I write.

As a precautionary move, I earlier Added another slice of XUKS so our stock level is up to 68.3% (albeit 8.2% of that is on the short side). My intention was to gradually cash profits on the Long trackers and Add to the short trackers as FTSE moved towards c7500 and ending up with a neutral position with just the individual companies providing a Long bias. However, I remain flexible.