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Posted: 29 June 2021 16:30:19(UTC)
#53

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Mr Helpful;174852 wrote:
How does GAW generate such phenomenal growth ?


With a loyal fan-following like customer base hooked on games such as Warhmmer, Dungeons and Dragons etc, who apparently seem to continue their fascination in such endeavors from a young age till death.

Me - I don't get it but - can appreciate the loyalty client base and continued recurring income streams.

Apparenty Dungeons and dragons which I remember as a cartoon from 30 odd years ago is now coming into the foray again. There is a lunchtime school activity / group dedicated to it.

I have been told is basically consists of a lot of made up scenarios where you need to decide actions you would take and then you get to move on or ......

Apparently it is becoming so popular that there is a waiting list and children are bringing in costumes and items such as swords, cloaks etc. It seems to be more popular than things such as Chess, Tennis etc.

The head introduced it as a means of trying to move students away from the screens but did not know that it would become so popular. Such was the demand that parents and grandparents have opened after school groups as well.
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Tim D on 29/06/2021(UTC), Mr Helpful on 29/06/2021(UTC), Harry Trout on 29/06/2021(UTC)
Harry Trout
Posted: 29 June 2021 19:59:27(UTC)
#52

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Mr Helpful;174852 wrote:
How does GAW generate such phenomenal growth ?


Here is a good summary from Investors Chronicle, it is a quick and easy read .....

Games Workshop Summary

One of those where you wish you got in earlier. It's not a big position for me yet, hoping to add on pullbacks like the recent one.

Prices get pretty wild around earnings releases which could present opportunities for trades .......

Cheers

Harry
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Fig Lee on 29/06/2021(UTC), countrymum on 29/06/2021(UTC), Mr Helpful on 30/06/2021(UTC)
countrymum
Posted: 29 June 2021 21:04:42(UTC)
#50

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Harry Trout;174776 wrote:

GAW is still held by CFP SDL Buffettology, 3 x Baillie Gifford trusts and Marlborough Micro Cap.


Also JMI
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Harry Trout on 30/06/2021(UTC)
Harry Trout
Posted: 07 July 2021 09:54:13(UTC)
#54

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I posted my top 10 on another thread, duplicating here to keep everything in one place

This is as at today 7 July 2021.

070721 Top 10 for Citywire

Whilst I'm pleased to see more individual company stocks in the top 10, I have too many investments at present. In an ideal world I would want to be holding at least say 4% to make a top 10 position.

Much to do ........
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SimonHughes
Posted: 07 July 2021 10:08:18(UTC)
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Harry Trout;176158 wrote:
I posted my top 10 on another thread, duplicating here to keep everything in one place

This is as at today 7 July 2021.

070721 Top 10 for Citywire

Whilst I'm pleased to see more individual company stocks in the top 10, I have too many investments at present. In an ideal world I would want to be holding at least say 4% to make a top 10 position.

Much to do ........


It's an interesting pf. What sort of returns are you getting and which funds are laggards?
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Harry Trout on 07/07/2021(UTC)
Harry Trout
Posted: 07 July 2021 13:53:55(UTC)
#56

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SimonHughes;176163 wrote:
It's an interesting pf. What sort of returns are you getting and which funds are laggards?


Thanks for the question. When assessing performance each month I calculate the annualised returns of each investment that I have held for more than 6 months and then compare to my benchmark Vanguard World Index VWRL.

I categorise the results as follows:

1. Those outperforming VWRL
2. Those underperforming VWRL
3. Cash, bonds and gold (defensives which have no chance of outperforming VWRL over the long term)

Since I started doing this in October 2017 the results as a monthly average are as follows (using the same categorisation above:

1. 64.4%
2. 14.9%
3. 20.7%

I like to look at it this way to strip out the lagging effect of category 3. I want to know how I am doing at picking things that outperform VWRL.

In terms of laggards I have the following on my sell list (consistently underperforming VWRL and doubts about an improvement):

Unilever
Fevertree
Diageo (may sell some today)
Finsbury Growth & Income
Lindsell Train UK Equity (already sold a fair bit)

Buffettology is also on the naughty step but I'm holding for now, not adding.

Hope this answers your question

Cheers

Harry
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AndyJ7 on 07/07/2021(UTC), Aminatidi on 07/07/2021(UTC)
Harry Trout
Posted: 08 July 2021 17:48:24(UTC)
#57

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Topped up today from cash:

Pacific Horizon PHI at 808p
BG US Growth Trust USA at 348p
FUTU Holdings at $138

All in my SIPP and GIA which I treat as my long term positions accounts as opposed to my ISA where I am experimenting with swing trading around positions.

I still have 2 swing trades on the go in my ISA invested in Apple and Microsoft - described in posts above.

Harry
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Harry Trout
Posted: 21 July 2021 10:08:35(UTC)
#59

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Sold the DGE (Diageo) shares in my ISA account this morning which represents half of my overall holding, the other half being in my SIPP. Price £34.71

DGE has been on my sell list for a while due to underperformance to my benchmark VWRL over the longer term. It has shown some good relative strength recently so I thought it was a good moment to sell half.

DGE looks overvalued to me currently relative to its earnings. At 30 June 2021, DGE posted it's highest P/E by reference to the way I calculate it at each month end. My records go back to the start of January 2016. Average P/E over that time 23, current P/E 28.

This is a holding I have had for over 3 years in my ISA. I would like to use my ISA for swing trades around long term positions held in my SIPP. So I would swing trade DGE again if an earnings led set up arose. Earnings growth has been pedestrian at 7%-8% per annum since 2009.

I think it might move sideways for a while, earnings next week ..........
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mdss68 on 21/07/2021(UTC), Mr Helpful on 21/07/2021(UTC)
Mr Helpful
Posted: 21 July 2021 10:52:37(UTC)
#60

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Thanks for the insights Harry.
DGE have pondered on from time to time, but lingered on the sidelines.
The sudden ramp up in debt is presumably due to the ongoing share buyback programme ?
How can that be factored in ?
With less shares will certainly improve EPS and the related management remuneration,
but where does that leave the individual shareholder overall with that mountain of debt ?
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Harry Trout on 21/07/2021(UTC)
Harry Trout
Posted: 21 July 2021 13:56:48(UTC)
#61

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Mr Helpful;177968 wrote:
Thanks for the insights Harry.
DGE have pondered on from time to time, but lingered on the sidelines.
The sudden ramp up in debt is presumably due to the ongoing share buyback programme ?
How can that be factored in ?
With less shares will certainly improve EPS and the related management remuneration,
but where does that leave the individual shareholder overall with that mountain of debt ?

Thanks Mr Helpful

I didn't consider the debt increases to be honest. When I'm looking at valuation I keep it pretty simple and the following table directed my thinking

DGE Reasearch

So in the last 12 months "Av PE", the average Price Earnings Ratio, has been at the highest level for 6 years (red cell). Earnings growth has been declining year on year for the last 5 years (best year was 5 years ago - green cell)

This doesn't sit well with me, I like companies with strong earnings growth and that's my first filter nowadays.

There may be an earnings surprise next week but Diageo is better known for "trading in line with expectations" type releases.

Still love the products though!! Guinness, Tanqueray, Bundaberg 👍👍👍

Cheers

Harry
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