mmb123
06 Feb 2018
is market open for these nm ig index seem to not be dealing
Derek Hope
06 Feb 2018
Re: A big fish to swallow or/and to finance while bits are sold off.
nk1999
06 Feb 2018
"Shares in outsourcer Capita surged as a blog post on the Woodford Investment Management website suggested that its low valuation could make it a big target. In a blog dated 2 February, Neil Woodford said: "There are of course buyers of corporate assets that are not disciples of the momentum school of investing - I suspect that other businesses and private equity buyers will be circling Capita as I write."
Elena Saratov
05 Feb 2018
Dead Cat Bounce! The rise today was modest and after this classic "Dead Cat Bounce" the downtrend will continue.Good luck to all holders.You should have got out today!
cashpharma
05 Feb 2018
Re: Dont rub in in- the Wisdom of Woody I suspect Woodford will come good in the end.Mr Angry has an interesting history that's well worth checking out.
Ripley94
05 Feb 2018
Re: Dont rub in in- the Wisdom of Woody Winnifrith has sent him an open letter.Would Woodford know of him ?I wonder if he would just think him a little nutter ?
onewayticket
05 Feb 2018
Blue Morning so far I think most of any fall was already priced in if you looked at the graph.That plus some institutions possibly buying in for the recovery play scenario and some short closing Friday and this morning. Not that they ever announce it.The trick I think with Capita is that it already has its RI money underwritten and in the bank.Own due diligence.
Johandesilva
03 Feb 2018
Re: Woodfood update ( I Screwed up) [link] for sharing the above link contrarianstyle. I am keeping the faith that Woodys style will come back. After weighing up the pros and cons of this "reset" I am happy to hold confident it will not go bust but transform.Any Capita staff going through the transformation is to read the book "The Chimp Paradox: The Mind Management" by Prof Steve Peters that helped me. Focus on the challenges and get into the right mindset.[link] buy!
Bill1703
03 Feb 2018
Re: Dont rub in in- the Wisdom of Woody "... its hard t find a bottom to the endless bottom. I have gone into a few' tanked shares' only to see them tank ever more. "Yes, KLM (okay, perhaps Emirates??) - but the bottom is not endless, it only feels that way. But, as is typically the case, we will probably only recognise it when it's been and gone...Make no mistake, the prevailing sub-asset class - I would call it "UK-focused Value" - is in a full-blooded bear market, as KLM neatly describes - getting ever cheaper... and then going down some more. I too have put money in here and there, only to see it eroded further... I am generally holding off for now, taking some small solace that my biggest holding is also just about my best performer - GBP cash!But, most importantly, I remain optimistic - and reading Woody's latest (hair-shirt) reflections (thanks to Contrarian for posting), there is much that chimes strongly with me, as selectively highlighted below: "... Capita represents many of the things that this market loathes at the moment – it is exposed to the UK economy, it has a recent record of disappointment, it is an outsourcer... Markets are being driven by momentum. Valuation is irrelevant – it simply does not matter in the stock market at the moment... Whilst the stock market remains totally preoccupied with momentum and insensitive to valuation, we should all expect the environment to remain as challenging... as it has been since early summer last year. I will underperform in such market conditions as I have done before. Equally, however, we should expect rationality to return in an unpredictable way, as it has done always in the past..."For balance - while Woody's piece makes much sense all round, at least some smacks of wisdom after the event... and while he has been undoubtedly hamstrung by his investment style (and my own) being out of favour, he has compounded this with at least a couple of cases too many of outright bad stock selection...."But seem to be on my own these days by respecting Woodford ... Cant forget the money he made me in his old funds."I am with Ripley, I retain plenty of respect for Woody - and I am old enough to remember when he has been villified in the past, only to surge back strongly as the prevailing market mood changes. No guarantee he will once more, of course, but I wouldn't bet against it... And respect is one thing, but I draw the line there... I don't make a habit of lionising any fund managers, or indeed (generally) paying the chunky fees which most of them command. They all have their blind-spots and bloopers, and very few manage more than periodic "days in the sun"... Woody has had more than his fair share, but his next one - if indeed he can pull it off - may yet be his greatest?
Doomsayer
03 Feb 2018
Re: From Times How much of his OWN cash did he put in?Can anybody provide evidence that ANY of the executives actually own shares today?
Doomsayer
03 Feb 2018
Where is this going....? I heard a rumour that the "new" CEO has already started to hire in the "old boys" from AMEC. No doubt they are all on nice retainers, houses paid for in London and 12 month golden parachutes all round (just like they were rumoured to have had with AMEC). Filling their bank accounts there, while the staff and shareholders had months of misery heaped upon them. Masters of the universe indeed.Surely a good place to start a "turnaround" would be firing the current management (saving maybe £500K per head) BEFORE hiring in more "dross" managers (aka your pals)? Better still, just get some quality "administrators" in ASAP while there is till something left to sell, salvage or spin off. One would have thought a "turnaround expert" would know the basics of salvage?Ongoing SFO investigations at AMEC.....still not resolved?[link] is no upside in this one people. Move quickly towards the exits.
contrarianstyle
03 Feb 2018
Woodfood update ( I Screwed up) [link] up but still holding...
Doomsayer
03 Feb 2018
Re: Dont rub in in Nobody lives forever. Give it up, you'll be richer and happier for it.
Ripley94
03 Feb 2018
Re: Dont rub in in I respect a lot of the posters on this tread .But seem to be on my own these days by respecting Woodford .Cant forget the money he made me in his old funds.
kolwezimundele
02 Feb 2018
Re: Dont rub in in Indeed Bill, but as you say its hard t find a bottom to the endless bottom. I have gone into a few' tanked shares' only to see them tank ever more. Perhaps 'buy the winners not the losers' - but I can't have ALL my money in RDS can I (albeit they have slipped a bit after latest results)? KLM??? O dear, possibly the least-friendly airline I have ever used ( for various personal reasons I won't go in to...).
