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Big boy
Posted: 31 July 2024 14:05:25(UTC)
#2433

Joined: 20/01/2015(UTC)
Posts: 6,694

CRS (plus 66%) up 20% plus to-day on rerating re Morphic.

SP to-day is almost a "choice price" at 112p.

Clearly moving from a strong HOLD but need to understand what's going on before I exit.....can those that do "due diligence" give me a view....many thanks....
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Thrugelmir
Posted: 31 July 2024 14:32:36(UTC)
#2434

Joined: 01/06/2012(UTC)
Posts: 5,349
Big boy;313880 wrote:

CRS (plus 66%) up 20% plus to-day on rerating re Morphic.

SP to-day is almost a "choice price" at 112p.

Clearly moving from a strong HOLD but need to understand what's going on before I exit.....can those that do "due diligence" give me a view....many thanks....


Been some years since I traded CRS. Always found it to be illiquid and difficult to trade in any volume. Was one of Woodford's favourites back in the day.
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Big boy
Posted: 31 July 2024 14:51:14(UTC)
#2438

Joined: 20/01/2015(UTC)
Posts: 6,694
Sold BCPT as moving to teens discount and 12 month highs...

also sold EGL as low teens discount and closing in on 12 month high..

As more shares move to overvalued and as market takes us out the cash increases and it becomes more difficult to find undervalued/cheap stock....

First time not fully invested for some time but "bull market" in many sectors/areas hopefully continues for sometime yet for all term investors.

Helpful if Members could indicate their positions as may help us all understand what's going on...ie moving cash into market or taking it off the table. Much of this info will help us improve the reading of markets....
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6 users thanked Big boy for this post.
Phil 2 on 31/07/2024(UTC), Newbie on 31/07/2024(UTC), Sheerman on 31/07/2024(UTC), dlp6666 on 31/07/2024(UTC), ty bgt on 31/07/2024(UTC), Martina on 31/07/2024(UTC)
Newbie
Posted: 31 July 2024 15:08:27(UTC)
#2439

Joined: 31/01/2012(UTC)
Posts: 3,828

Thanks: 6027 times
Was thanked: 7041 time(s) in 2610 post(s)
My cash position (CSH2 some MMF) has increased a bit in the last 2-3 months.
Admittedly some of it is new additions - from regular inputs but a large from pulling out of positions.
I am beginning to find some traction in the UK markets with the likes of MGNS, Diploma, Relx, MNG, BMY, AT., KIER etc providing some degree of boosters.

On the collective front the focus is towards the likes of CLDN, CTPE, OCI, HVPE, NBPE PIN to name a few - all showing life after a flat period.
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5 users thanked Newbie for this post.
Big boy on 31/07/2024(UTC), Taltunes on 31/07/2024(UTC), Raj K on 31/07/2024(UTC), Phil 2 on 31/07/2024(UTC), Auric on 31/07/2024(UTC)
Big boy
Posted: 31 July 2024 15:09:52(UTC)
#2435

Joined: 20/01/2015(UTC)
Posts: 6,694
Thrugelmir;313881 wrote:
Big boy;313880 wrote:

CRS (plus 66%) up 20% plus to-day on rerating re Morphic.

SP to-day is almost a "choice price" at 112p.

Clearly moving from a strong HOLD but need to understand what's going on before I exit.....can those that do "due diligence" give me a view....many thanks....


Been some years since I traded CRS. Always found it to be illiquid and difficult to trade in any volume. Was one of Woodford's favourites back in the day.


Sorry you missed out on rise of 93% since 12 month lows.....what do you think of "Morphic" with your Industry background....looks interesting?

I think we have to thank many of the Woodford supporters who built him up and knocked him down...creates opportunities as they swing wildly from bulls to bears. Luckily history keeps repeating itself.

I believe WPCT went to a 15% premium but investors didn't listen to The City who told them they were overvalued and later they were selling in a falling market on massive discounts.

Interesting looking back how many of these issues were at the top of the market after the World had done their due diligence........Do you remember MEPITs and KEPITs plus all the Indian/Chinese Funds being issued near highs and then all going to big discounts as investors piled out..
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Big boy
Posted: 31 July 2024 15:19:54(UTC)
#2440

Joined: 20/01/2015(UTC)
Posts: 6,694
Newbie;313883 wrote:
My cash position (CSH2 some MMF) has increased a bit in the last 2-3 months.
Admittedly some of it is new additions - from regular inputs but a large from pulling out of positions.
I am beginning to find some traction in the UK markets with the likes of MGNS, Diploma, Relx, MNG, BMY, AT., KIER etc providing some degree of boosters.

On the collective front the focus is towards the likes of CLDN, CTPE, OCI, HVPE, NBPE PIN to name a few - all showing life after a flat period.



Thank you for your reply...re last para I think many of the stocks are moving from undervalued as discounts narrow and SPs move towards 12 month highs. With NBPE I am a seller at mid-teen discount...

Sorry cant have a view on direct equities as no way of knowing if undervalued or overvalued relative to others in sector. For me I have found its just gambling... Not sure how I ran Private Client Portfolios 50 years ago ....in retrospect I am not sure there was any due diligence and much was put down to luck....not sure it's change much to-day.
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Newbie on 31/07/2024(UTC)
Thrugelmir
Posted: 31 July 2024 15:35:47(UTC)
#2436

Joined: 01/06/2012(UTC)
Posts: 5,349
Big boy;313884 wrote:
Thrugelmir;313881 wrote:
Big boy;313880 wrote:

CRS (plus 66%) up 20% plus to-day on rerating re Morphic.

SP to-day is almost a "choice price" at 112p.

Clearly moving from a strong HOLD but need to understand what's going on before I exit.....can those that do "due diligence" give me a view....many thanks....


Been some years since I traded CRS. Always found it to be illiquid and difficult to trade in any volume. Was one of Woodford's favourites back in the day.


Sorry you missed out on rise of 93% since 12 month lows.......


Quick browse of the share chart and there's certainly not a 93% share price gain in the past 12 months. Perhaps invest in a calculator or use an accountant if maths isn't your strongest skill. Could prove extremely costly.
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Phil 2
Posted: 31 July 2024 15:38:19(UTC)
#2441

Joined: 20/07/2018(UTC)
Posts: 2,111

Thanks: 9830 times
Was thanked: 4759 time(s) in 1537 post(s)
Trimmed yet another £1k from HGT back down to £15k. I keep doing this expecting it to retreat in price, and one day I’ll be right ! Got 541p for them - good business 👍

I now have quite a lot of cash £30k (10%) in my SIPP.

TOMORROW COULD BE VERY INTERESTING WITH THE BoE DECISION… happy to re-buy stuff or sell a bit more depending what happens. Anyone else got any thoughts on what they might do as a result of the noon announcement?
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4 users thanked Phil 2 for this post.
Raj K on 31/07/2024(UTC), Johan De Silva on 31/07/2024(UTC), Sheerman on 31/07/2024(UTC), Auric on 31/07/2024(UTC)
Raj K
Posted: 31 July 2024 15:44:55(UTC)
#2442

Joined: 22/04/2016(UTC)
Posts: 2,820

Thanks: 6484 times
Was thanked: 6660 time(s) in 2092 post(s)
Phil 2;313888 wrote:
Trimmed yet another £1k from HGT back down to £15k. I keep doing this expecting it to retreat in price, and one day I’ll be right ! Got 541p for them - good business 👍

I now have quite a a lot of cash £30k (10%) in my SIPP.

TOMORROW COULD BE VERY INTERESTING WITH THE BoE DECISION… happy to re-buy stuff or sell a bit more depending what happens. Anyone else got any thoughts on what they might do as a result of the noon announcement?



If my TRY dividends hit my account tomorrow morning i will use that along with the dividends accumulated and my free credit from II (got to love the free credits) to top up Literacy Capital. Apart from that i think i have enough exposure to things that might move in a positive direction if rates are cut, small cap, REITS etc, growthy, or it all maybe priced in. If rates stay where they are then its business as normal. Head down and carry on.

In a nutshell, all i want is more BOOK, oh and OCI but i havent got enough dosh for both.
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5 users thanked Raj K for this post.
Taltunes on 31/07/2024(UTC), Sheerman on 31/07/2024(UTC), Phil 2 on 31/07/2024(UTC), Newbie on 31/07/2024(UTC), Auric on 31/07/2024(UTC)
MarkSp
Posted: 31 July 2024 15:52:58(UTC)
#2443

Joined: 02/02/2020(UTC)
Posts: 2,204

Thanks: 285 times
Was thanked: 5858 time(s) in 1739 post(s)
Am I the first................

This month +2.7%
YTD +12.51%

major winners

Small caps
Renewables
REITS especially AEW and SREI

Only significant loser has been BRLA and IAPD


Edit...................

This month +2.9%
YTD 12.71% - the numbers have changed as the result of a late paid dividend

and a bad price correcting in the feed.
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6 users thanked MarkSp for this post.
Newbie on 31/07/2024(UTC), Sheerman on 31/07/2024(UTC), Raj K on 31/07/2024(UTC), Mr GL on 31/07/2024(UTC), Big boy on 31/07/2024(UTC), Auric on 31/07/2024(UTC)
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