Which just confirms what I wrote.
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Buying Shares
- Thread starter Spiderweb
- Start date
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Notafettler
Guest
The views of the manager of Murray international investment Trust. Renowned for his negative views on.....everything!!
An update from our investment manager, Bruce Stout - 8 June 2020
"With Government enforced lockdowns throughout the world beginning to ease, the focus of attention has recently changed towards considering the prospects for economic recovery. The consensus view, perhaps formed by the experience post Global Financial Crisis of 2008-2009, believes the deeper the recession the steeper the recovery. Such simplicity may prove over optimistic under current circumstances. Objective economic analysis suggests it's the cause of recession that dictates the pace of recovery: restoring normality after severe property collapses, boom/bust phases of over-investment or credit related solvency crises can often take years. Having voluntarily shut down a substantial portion of economic society, there is no previous road map as to what happens next. The range of possible economic, and indeed clinical, outcomes remain many and varied, hence great caution continues to be warranted.
Whilst the world waits eagerly and watches for signs of economic recovery, scant attention seems to be directed towards how the spiralling economic costs of current Covid-constrained conditions will ultimately be addressed. For the already chronically indebted Developed world the additional burden represents yet another significant headwind to negotiate. Yet for the fiscally prudent and savings rich Nations within Asia and Emerging Markets the trajectory of recovery in growth, profitability and prosperity is unlikely to be unduly compromised by the legacy of this unprecedented pandemic - it is towards such investment opportunities that the Trust continues to emphasise."
He's a right miserable get! Very conservative views on the world economies.
In the dividend bias investment Trust sector his investment trust is one of the few (if any) that shows a positive return (share price) over 5 years.....just!
An update from our investment manager, Bruce Stout - 8 June 2020
"With Government enforced lockdowns throughout the world beginning to ease, the focus of attention has recently changed towards considering the prospects for economic recovery. The consensus view, perhaps formed by the experience post Global Financial Crisis of 2008-2009, believes the deeper the recession the steeper the recovery. Such simplicity may prove over optimistic under current circumstances. Objective economic analysis suggests it's the cause of recession that dictates the pace of recovery: restoring normality after severe property collapses, boom/bust phases of over-investment or credit related solvency crises can often take years. Having voluntarily shut down a substantial portion of economic society, there is no previous road map as to what happens next. The range of possible economic, and indeed clinical, outcomes remain many and varied, hence great caution continues to be warranted.
Whilst the world waits eagerly and watches for signs of economic recovery, scant attention seems to be directed towards how the spiralling economic costs of current Covid-constrained conditions will ultimately be addressed. For the already chronically indebted Developed world the additional burden represents yet another significant headwind to negotiate. Yet for the fiscally prudent and savings rich Nations within Asia and Emerging Markets the trajectory of recovery in growth, profitability and prosperity is unlikely to be unduly compromised by the legacy of this unprecedented pandemic - it is towards such investment opportunities that the Trust continues to emphasise."
He's a right miserable get! Very conservative views on the world economies.
In the dividend bias investment Trust sector his investment trust is one of the few (if any) that shows a positive return (share price) over 5 years.....just!
Notafettler
Guest
Notafettler
Guest
Damn can't remember where I got this from. A pundit obviously but of interest to those who bought Lloyds:-
"The first is Lloyds (LSE: LLOY). The share price has fallen nearly 50% over the last six months alone. The shares are now lower than they were five years ago. But the mandated, or strongly encouraged, suspension of bank dividends during the crisis could help Lloyds further strengthen its balance sheet. It already has a tight control on costs and has further scope for digitisation.
The dividend suspension could also help it to partially offset the expected uptick in bad loans that will result from customers losing jobs and generally being less financially secure.
Overall, I think the shares, on a P/E of nine, look too cheap to ignore right now. Yes, interest rates are very low and it’s a difficult time for banks. But I expect Lloyds, with its low costs and relatively simple business model, to come back stronger post-Covid-19."
Notafettler
Guest
Soooooo I was agreeing with you. No need to thank me.
Moodyman
Legendary Member
Sounds like a sales pitch disguised as punditry.
nickyboy
Norven Mankey
- Location
- You want hills? We got hills
Standard tactics...buy and then ramp the hell out of a share to get others to buy and push the price up. Sell. Or, alternatively, sell and then deramp like hell to get others to sell and then rebuy.
Of course this is impossible in a stock like Lloyds, but in the small/mid cap range where I occasionally buy, it happens all the time
Share investment forums are shark infested waters
sleuthey
Legendary Member
- Location
- South Gloucestershire
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OP
OP
Spiderweb
Not So Special One
- Location
- North Yorkshire
I wish I had!
My 10,000 Lloyd’s shares are down 10p each😲
Notafettler
Guest
sleuthey
Legendary Member
- Location
- South Gloucestershire
No and yes
sleuthey
Legendary Member
- Location
- South Gloucestershire
I owned shares in RM in March, my only shares in fact, and whilst they have Now doubled in value, I bought them a year before When they were the same price as they are now. So I’m back to where I started!
Notafettler
Guest
I think you said it was advise?
Still better than being at a loss, plus you have had the divi better than the best interest you would have had if you had put the money in savings account.
sleuthey
Legendary Member
- Location
- South Gloucestershire
Surprised you asked if you think you already know the answer.
The comment provided by myself on 26 Mar was “Me personally, Royal Mail”. Entirely up to the reader whether they interpret it as advice or not.
I’ll have to check my Hargreaves Lansdown account and see what I got in the way of divs, I had forgotten about that side of it.
Notafettler
Guest
I was going by this post which clearly uses the word advice "@Spiderweb Did you take my advice back in March?" From the 25th of September.
