Wpp Share Discussion Threads

[nasdaqpat] 11/5/2017 15:56

Re-bought initial tranche of CBG so up to 30 companies with stock level @ 68.2% (14.3% of which is on the short side).

[nasdaqpat] 11/5/2017 14:14

Assuming yesterday's 7399 is ultimately bettered, today is Day 14 of the 7097 based Segment that started on 21 Apr.

The extraordinary thing is that the current tally of 04.26% (7097:7399) represents only the second 4%+ rally this year...the first was the 31 day rally that started on 3 Feb @ 7094 which ultimately reached 7447 on 17 Mar for a modest gain of 04.98%.

[nasdaqpat] 11/5/2017 13:13

Cashed some VUKE earlier & topped up on ITV. Stock level 67.4% (14.3% of which is on the short side).

[nasdaqpat] 11/5/2017 11:56

Re-bought some BT.A so up to 29 companies with stock level @ 68.7% (with 14.3% of that on short side).

[nasdaqpat] 11/5/2017 01:21

RIO Update:-

Iron Ore closed @ $61.53mt yesterday, up 01.28% from Tuesday's $60.75mt. Copper traded @ $2.490LB yesterday, down (00.32%) from Tuesday's level of $2.498LB. RIO's share price gained 00.32% on 10 May (2968.5p:2978p) which was an under performance against the broader market and well behind BLT & AAL.

The current intraday low of 2882.5p on 5 May still stands 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] 11/5/2017 01:11

WPP Update:-

WPP's share price slipped (00.12%) on 10 May (1701p:1699p)...it seems the controllers are restricting it to market perform against the FTSE100 as a whole.

The current intraday low of 1651p on 28 Apr still stands 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 c8.5% leading to c1791p before it resumes its alleged downward trajectory with c1446p the ultimate corrective target. If c1791p is reached short-term then I will probably reduce (our average is currently 1656.87p including costs).

[gateside] 10/5/2017 20:52

Just rotation maybe? None of my current lot have issued profit warnings. So they are probably currently better value after a few weeks lagging behind the Market and that has attracted buyers, which has pushed their prices up.

[invisage] 10/5/2017 20:46

BATS and SN. paid out

Tbh going to get a big drop tomorrow, loads of ex divs

[nasdaqpat] 10/5/2017 20:41

You must have had a fair few dividends paid to have reached 6.9% from 5.6% at the end of last week...my rough estimate had you up about 0.9% on the week (6.5% YTD) with Gateside up about 1.5% on the week. Videans are up 0.68% on the week which is fine and we ain't nervous at all.

[invisage] 10/5/2017 20:08

I am not complaining Pat YTD +6.9%

Very unlucky that I sold my VUKE, NXT and ABF as those would have propelled my stocks higher.

Portfolio at ATH

It is too easy currently to make money, which means this can't last. It makes me quite nervous.

[nasdaqpat] 10/5/2017 17:16

However, I'm also quite comfortable with our progress bearing in mind I've been deliberately tightening up our portfolio in preparation for the initial correction (which may turn out to be the only one). Effectively, our portfolio is only about a net 39% exposed to equities and that will come down further to maybe even 25% as FTSE moves towards my initial target of c7523.

[nasdaqpat] 10/5/2017 17:07

You are well ahead of both Invisage and Videans this week...I'm not quite sure what's changed, I guess it must be Oils doing better along with some of the mega caps like GSK & HSBA.

[gateside] 10/5/2017 16:57

Comfortably beat the Market again.Makes a nice change. :-)

[nasdaqpat] 10/5/2017 16:54

Our 28 company portfolio was Up 00.29% today. Added a fair bit to XUKS & cashed some L100. Overall stock level increased to 67.6% (14.3% of that on the short side).

[slaphead240] 10/5/2017 12:16

Quite a come back this morning for WPP

[nasdaqpat] 10/5/2017 00:54

RIO Update:-

Iron Ore closed @ $60.75mt yesterday, up 02.17% from Monday's $59.46mt. Copper traded @ $2.498LB yesterday, up 00.16% from Monday's level of $2.494LB. RIO's share price gained 01.14% on 09 May (2935p:2968.5p) which was slightly ahead of the broader market.

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] 10/5/2017 00:41

WPP Update:-

WPP's share price advanced 01.19% on 09 May (1681p:1701p) off a strong intraday high of 1723p presumably brought about by well received acquisition news.

The current intraday low of 1651p on 28 Apr still stands 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 c8.5% leading to c1791p before it resumes its alleged downward trajectory with c1446p the ultimate corrective target. If c1791p is reached short-term then I will probably reduce (our average is currently 1656.87p including costs).

[nasdaqpat] 09/5/2017 20:16

No sweat on RIO for you then Gateside at that price! Obviously, Adding & Reducing above that price and seeing your average go up is not very appealing especially if you mostly work during trading hours.

However, RIO is such an ideal trading stock and there is always the Limit Order system. I reckon you could Add 1% to your portfolio over a year by Adding an extra 25% of stock near the bottom of a channel and scaling back near the top. I would expect to make an average of 5% on each Add/Reduce iteration and there ought to be at least 10 opportunities in a year. Do that with 5 companies and that's an extra 5% on top of your overall portfolio performance.

My current Add for RIO was at 2967.5p on 3 May (not a good entry point) but I would still make c3.9% if/when it reaches my current S/T target of c3084p.

[gateside] 09/5/2017 18:32

Pat... Average buy price for RIO is 2238p

[gateside] 09/5/2017 18:26

First day of significantly outperforming the FTSE in ages! :-)

[nasdaqpat] 09/5/2017 17:00

Our 28 company portfolio was Up 00.34% today. Added to XUKS & cashed a fair bit of VUKE & L100. Overall stock level decreased to 65.0% (10.3% of that on the short side).

[nasdaqpat] 09/5/2017 14:04

Market likes the acquisition of Marketplace Ignition by WPP!

[nasdaqpat] 09/5/2017 14:01

Its certainly beginning to look like FTSE will, grudgingly, now post a fifth Segment in the long running Phase with 7097 as the new base. Assuming c21533 is top of Segment for DOW, I think FTSE could just about manage c06.00% giving a target of c7523.

Nevertheless, at these levels I believe it is important to bank profits so have sold quite a bit of Long tracker stock today and bought some more Short tracker. Our overall stock level currently stands @ 65.0%. Our Long trackers (VUKE & L100) now make up 29.6% of portfolio and our Short tracker (XUKS) represents 10.2% of our portfolio. We have 35.0% in cash and the balance of 25.2% is represented by our other 25 companies.

[gateside] 09/5/2017 13:47

Agree - I liked CBG when you recommend it. But thought it looked over bought. I waited for it to drop back, but that never happened, and it has just kept on rising!

[nasdaqpat] 09/5/2017 13:42

I remember you mentioning SMIN (which I do track), SMP & CBG (which I recommended) amongst others. Selling your Miners in Feb & Buying those 3 would have done your portfolio a power of good. I've done the opposite and come off worse by selling some of our best companies and keeping the laggards, even within the same sector. For example, we kept BARC and sold PAG, sold IHG & CCL and kept WTB. Sold SDR and kept ADN. All mistakes!

There are clearly times when rotation is beneficial and/or necessary but the overriding mantra it seems to me is to run your winners and sell your losers. Easier said than done!