Hardboy
05 Jun 2017
Re: £5 LK: "Treatt is my biggest single holding "it's still got a long way to go to catch Porvair for me, but I'd never heard of Treatt when I bought them. "and I'm not Lord Lee"But you should be Lord Hyman of the Open Seas.
LK Hyman
05 Jun 2017
£5 Blimey, this puppy IS doin' well notwithstanding the fact that no big new institutional shareholders have declared themselves and there has been ... as yet ... no sign of a knockout takeover bid.LKH at the LK Wash & Valet Treatt is my biggest single holding ... and I'm not Lord Lee either
seadoc
02 Jun 2017
Re: Treatt tipped ... Games,Ed Croft is founder and CEO of Stockopedia. A self confessed geek, his biography reads:CEO at Stockopedia where I weave code, prose and investing strategies to help investors beat the stock markets. I've a background in the City and asset management but now am more interested in building great stock selection tools for the use of investors online. Traditionally investors online have had very poor access to the best statistics, analytics and strategies for the stock market and our aim is to set that straight. High Quality fundamental information has been prohibitively expensive in the past and often annoyingly dull. People these days don't just want to know the PE Ratio and look at a balance sheet. They expect a layer of interpretation over data, signal from noise and the ability to know at a glance whether a stock is worth investigating or not. All this is possible using great design and the insights gleaned from quantitative research. Stockopedia is where we try to make it happen !If you do a search on Youtube most of his webinars seem to come up but to access the tools costs just under £1 a day. I will append one of his latest but it is over an hour long. In summary he takes defined qualities of the published data of a share, both present and historical and processes it into numbers or rather ranks, specifically Q(uality) V(alue) and M(omentum). The three ranks are combined to produce an overall stock rank and if you subscribe you can search for any combination and in my experience this is a dynamic situation and over six months not only do stocks move in the rank but at least a third have dropped out of screens I have used. Now clearly the "best" stock is good Q good V and has M. From memory top score this time last year was Somero which has a running yield of 3% and has more than doubled in sp.But there are stocks which score reasonably well overall but are let down in one area. For example good Q, good M but lower V, in other words a popular quality stock that has become expensive by virtue of its attributes. Ed calls these High Flyers. TET is a high flyer. What is interesting, and perhaps counter-intuitive, is that over last three years had you picked a portfolio of High Flyers you would have done better than even a portfolio of stocks ranking highly in all three areas."It sounds to me like a horses bolted approach to investing. Many on the lists shouldn't be touched with the proverbial bargepole (Treatt excepted)"So far from bolting these High Flyers are winners. What TET loses in V is made up by M but the key is that it score well on Q so though not in highest overall rank it has passed many shares which were higher ranked over the last three years. I hope this link works but search for Ed Croft and Styles and it should come up:[link] is now my largest holding, about 12%. My personal approach is investing rather than trading so no matter how good the prospects I do not add to any holding of more than 10% and sell about 1/3 when the holding reaches 15%. So for now I hold but would review that decision at around 600pRegards,SeadocPS M without Q or V is called a "Momentum Trap" and Ed would not touch them with a bargepole, and he probably has a bigger one than you!
gamesinvestor
01 Jun 2017
Re: Treatt tipped ... "" Some mob called N+1 Singer (never 'eard of 'em) ""LK - I get their reports via a friend who invests via these turkeys.Their whole modus operandi is "momentum"They select from a list of stocks that have risen by a certain amount and narrowing down by excluding certain sectors like property, oil, commodities and a few others.It sounds to me like a horses bolted approach to investing.Many on the lists shouldn't be touched with the proverbial bargepole (Treatt excepted)Games
nick2name
01 Jun 2017
Re: Volume Up Seems more likely to be institutional rather than a private investor but wdik?or fat finger syndrome
LK Hyman
01 Jun 2017
Re: Volume Up Lips,Two big trades of 65,000 shares each done within seconds of each other at 482.5p at 9.30 this morning.Seems more likely to be institutional rather than a private investor but wdik?LKH etc
LK Hyman
01 Jun 2017
Treatt tipped ... ... in today's Shares magazine, available to anyone with a YouInvest Sipp or ISA. Some mob called N+1 Singer (never 'eard of 'em) includes Treatt in a list of nine small companies in which to invest.LKH at the LK Wash & Valet nothing gets past hi
Chicken Lips
01 Jun 2017
Volume Up Looks like volume is increasing again. Thought Schroders reduction of holding was the increase and it could still be their reduction? - already 150K today. Cant assume its their sale that has created the liquidity. Any ideas?I preferred the quieter illiquid daysTha
pharmaspecialist
31 May 2017
Re: Schroders At risk of sounding boring, I buy or sell shares based mainly on how the business is doing rather than on share price moves and this seems rational to me, but I would agree that it is a good idea to keep an eye on the share price, if only for entertainment.
Chicken Lips
31 May 2017
Re: Schroders I'm getting less than 1% in a cash ISA. I got nearly 5% form TET today. The down will need to be steep to take the shine off the rise. Cant see why Schroders are out (especially if they want to inwardly invest cash or select future share purchases) it doesn't seem to have been a good call thus far.
Rhigos
31 May 2017
Re: Schroders In the dark yet again," the numbers you're quoting are always likely to look like they do - and if you put in an SP at twice this level they'd look even crazier"Agreed about historic figures. I understand you wishing to hold and think you're wise and have " a pretty tight stop following it up" presumably based on fall from highest (closing) price. As an example a tight stop loss would be 12% however would you sell if SP fell to 418 in the next 4 weeks (assuming it did not go up higher )? Your investment in TET will now be a lot more than your original investment. For some investors that may more than they care to risk in one company so top slicing would make more sense.Here are some growth forecasts that are derived from average of broker analysts:Target price -15.2% so current SP is higher than analysts thought it would go. Forecast turnover growth 15.9% (3yr av 5.9%) so very goodfc pre-tax profit growth 57.9% (3yr av 17.3%) so very good, you can see why SP has risen so fastfc EPS growth 46.8% (3yr av 98.3%) very good but forecast growth 1/2 3yr average.Of course forecasts will not be accurate. The 57.9% pre-tax profit growth seems rather rich to me.
In the dark yet again
31 May 2017
Re: Schroders Rhigos,I hear..... but when something, pretty much anything, comes this far, this fast the numbers you're quoting are always likely to look like they do - and if you put in an SP at twice this level they'd look even crazier. But those numbers are based on historical accounts whereas an SP always tends to be forward looking and if they are 3 years ahead of target, well who knows? So the question really is whether they can deliver on the growth those number suggest... and, like I say, if only I knew the answer to that one then I'd know what to do.From past experience I've learned to resist the temptation to sell a share that been rising like TET even when I'm far from 100% sure - never sell on the way up and never buy on the way down was the old rule. I'm still running with mine but there is a pretty tight stop following it up. I'm resisting the temptation to take a top slice simply because I've got no idea of how much it would retrench if it did fall back so I've no re-entry level - it drops back through the stop but then takes off again leaving me where? Also, with the market in general up here there's not that much else I fancy instead.Regards,ITDYA sitting tight thinking maybe it had stalled at 450-460 only to see it press on again. For how long? If only I knew.
Rhigos
31 May 2017
Re: Schroders TET up around 5% today for reasons unknown and looking like it will close at a new all-time high. I really must stop looking at TET SP as I made the huge mistake of selling out in July last year following lack lustre SP performance. This appeared to have been the trigger for SP to rise exponentially, much to my dismay. I realise this does not give me any credence as a competent investor but if I held a fair sized holding in TET I would take this opportunity to realise some profits by selling at least 25% of my shares or if making more than 100% perhaps sell 50% so remaining shares risk free. On valuation fundamentals the SP looks high, so may have got ahead of real value
E 24.5 (high compared with 3 year average 21.0)Price / NAV 6.5 (high compared with 3yr av 5.4)Price / FCS 33.2 (good compared with 3yr av 69.6)EBIT yield 3.8% (poor compared with 3yr av 9.5%)Another slight worry is rapidly rising pension deficit of around £7.5m previous year was about £3m. On positive side though cash has increased from around £0.5m to around £6.5m in the last year and borrowing has not increased much.
Hardboy
29 May 2017
Re: Schroders Windsor, "I'll be hanging on to my modest TET holding for the time being."Not so modest after the last 3 months; and because the holding is modest, you should be understandably big headed about your investment here.
Windsor Buffet
29 May 2017
Re: Schroders The reason the holding in the 'Schroder Liquidity Fund' is so high is that the fund manager, as discussed on here, has been selling out of a couple of his larger positions (Fever Tree and Treatt). He's not obliged to reinvest the money instantly but I'd imagine he will reinvest over the next few months and the cash fund will disappear off the top 10 list. Paul Marriage is one of the, IMO, better small cap fund managers. Unlike some of his peers he keeps a fairly concentrated portfolio and can easily be measured/evaluated vs his benchmarks. As far as TET is concerned he's obviously decided to take his profits so time will tell whether he was wrong (remember he may have an interest in building a position in another company). Nobody else has built a notifiable position so talk of a takeover is possibly premature. I'll be hanging on to my modest TET holding for the time being.
