Joined: 22/07/2019(UTC)
Posts: 4,409
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NPH;336063 wrote:Johan De Silva;336060 wrote:Nick Train's recent interview on interactive investor highlights his perspective on the value of UK companies like LSEG (London Stock Exchange Group) and RELX compared to US tech companies. https://www.youtube.com/watch?v=7iOEWJz8HIg
He argues that the UK market offers better value, particularly in sectors like data and software technology. But I have difficulty understanding the the bull case considering the the numbers don't imply they are value stocks or have enough earnings to justify the valuations. This could be a good steady growth area going forward... The problem I suppose is me! The key is to evaluate their long-term potential and compare it to their current valuations and this is something I can not see due to not having a team. But I don't need a team to see the value in other UK stocks down the cap order that are easier to understand. [edited] UK market looks cheap based on PE, but I'm still not convinced it isn't just a giant value trap. Where is the growth catalyst under this govt.? I think the examples of CKN Train gives and that I hold shows that there are opportunities. But this only re-enforces your point that here is a international company shooting the lights out in our exchange... but Train and I would argue that this is undervalued at P/E15-16. Same goes for MGNS and ALPH. But the higher you go up the cap size into the FTSE100 I struggle to see anything in the numbers that suggests cheap or not value traps other than a banks that are by now late stage bull run.
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