LK Hyman
04 Aug 2017
Re: Nice little climb Picstloup,"Would have thought the IHT benefits of AIM, given you've held them more than 2 years, would have made them worth holding onto."I know what you mean. I held 'em in my Sipp, so they were (hopefully) protected against IHT anyway given that I don't intend to crystallise it.I looked at my portfolio (such as it is) as a whole and, in the context of shunting some wonga down to the next generation, decided to rejig the limited amount of capital that I'm keeping in my and Mrs LKH's names in favour of boring safe stocks ... just in case we do need to access the Sipps ... and decided (reluctantly) that Abcam no longer fitted the bill.I shall probably keep Treatt anyway, even though it's not boring and is not as safe as stuff like, say, Unilever and National Grid which are two others that I shall be keeping.It's often a mistake to keep a share for sentimental reasons, but I've enjoyed following the Treatt story over the years and am happy to support the next stage in its development. LKH on the flybridge
picstloup
04 Aug 2017
Re: Nice little climb Yes, I do like the sound of Abcam, and you must have enjoyed the gains. Would have thought the IHT benefits of AIM, given you've held them more than 2 years, would have made them worth holding onto. Having got rid of 95% of my BATs and reduced my Admirals, I've got a little spare cash, some of which might well find its way into Abcam. Thanks for the tip.
LK Hyman
04 Aug 2017
Re: Nice little climb Picstloup,"Segro's ones are mostly not in this league."I used to own Segro but switched out of it and into Abcam a few years ago. I did that, as I've said before, not because I was particularly disenchanted with Segro, which is a fine company, but because, in digging into the background of Jeff Iliffe, who is a Treatt NED, I found that he was the CFO of Abcam. Digging into Abcam it sounded like a fantastic company (albeit listed on AIM, which I normally wouldn't touch with a bargepole). It has done me really proud, though I have recently sold out, but only because of an IHT planning exercise. A complex company to understand, especially if one is not a scientist, but I commend it to you.LKH on the flybridge but dyor
picstloup
03 Aug 2017
Re: Nice little climb That is a really very nice shed indeed. Obviously it might be flattered by good photography, but it looks architecturally imaginative as well as physically attractive. I have a lot of my wad tied up in sheds, but Segro's ones are mostly not in this league.
LK Hyman
03 Aug 2017
Re: Nice little climb Trigger,"a nice picture of the proposed Treatt HQ"Indeed, m8. Now that is what I call a nice shed! The contrast with the existing half dozen sheds dotted around Northern Way is striking.LKH on the flybridge
Chicken Lips
03 Aug 2017
Re: Nice little climb Looking like a Ftse 100 player?
Hardboy
03 Aug 2017
Re: Nice little climb "Suffolk Park website now has a nice picture of the proposed Treatt HQ"Looks good
Triggers broom
03 Aug 2017
Re: Nice little climb ? The new shed.There Suffolk Park website now has a nice picture of the proposed Treatt HQ which I haven't seen before but doubt this is behind the recent rice. Good to see the vision materialising though.[link]
seadoc
02 Aug 2017
Re: Nice little climb "I wonder what's driving it this time."? The new shed. Anyone live local?
Hardboy
02 Aug 2017
Nice little climb In the last month - up 10% since the xd datem3 weeks ago; and this time the climb is on historically normal volumes. I wonder what's driving it this time.
Chicken Lips
10 Jul 2017
Schroder Selling? Motive Is this the reason for Shroders selling. Times article today:[link] pulling out of the markets into cash, building up their buffers in a way unseen since the early days of the sub-prime crisisYou can’t blame UBS for trying. A report last week from wealth managers at the Swiss bank bemoaned the large cash piles built up by the world’s ultra-rich, which they think are burning a multi-billion-dollar hole in investors’ pockets. Whatever UBS might want (and its report is titled The Great Opportunity), the fact is you are unlikely to see the smart money racing into financial markets at the moment.Last week, one credit banker did the rounds of some of City’s savviest money managers and was shocked by what he found. To a man they had begun pulling out of the markets into cash, building up their buffers in a way unseen since the early days of the sub-prime crisis. Indeed, in recent days one big institution sold off the larger part of its risk portfolio, reasoning that the time to sell is not when everyone is waking up to the looming crisis but at the point when it still feels like the good times will carry on.Listen to regulators and it is seems they are trying something similar on a national scale. The Prudential Regulation Authority and the Financial Conduct Authority’s warnings on consumer credit, though late in the day, are a move to get a grip on a problem that threatens to explode with disastrous consequences when the next crisis happens — and on a cyclical view it is now overdue.It is instructive to remember that this time ten years ago, a microcosm of the coming crash was being played out at International Securities Trading Corporation, an Irish lender that had the seemingly lucrative and hazard-free business model of borrowing cheaply before lending on to bigger banks, taking a considerable margin in the process.Over the summer of 2007 ISTC was talking up the prospects of a flotation that would value the company at north of €600 million. One article in the Irish press jealously noted the fortunes made by the lender’s wealthy backers: “While the hush hush shrewdies on the share register since day one are sitting pretty, how much upside is left for us mugs? Well, plenty.” Months later ISTC was battling for survival and investors took hundreds of millions of euros in losses. The warnings signs had been there long before the business became unstuck. The lesson has not been lost on students of market history.
Windsor Buffet
05 Jul 2017
Re: John Lee Quarto's biggest problem is its debt, built up over a number of years by a previous exec Chairman who was thrown under the bus a few years ago. Despite Leaver's words and intentions he's never managed to do anything other than nibble away at this in the few years he's been in charge. If they could get it at least halved then there's a great, profitable and highly cash generative business there.
LK Hyman
05 Jul 2017
Re: John Lee Games,I've noticed JL's liking for Quarto in the past but share your view that coffee table books are all fine and jimdandy, but I doubt there's much money in 'em so have never considered buying their shares.LKH etc
gamesinvestor
05 Jul 2017
Re: John Lee John Lee is undoubtedly a good guy, but not infallible as he admits himself, having used stop losses an a number of occasions in the last years.He's just been burned big time on Quarto a slim margin book publishing business. John rated Marcus Leaver as one of his top guys to track -- I'm not so sure he's got this one right, as the trade up date yesterday was the biggest load of waffle I've read from a CEO and the stock promptly dropped 27% to a 5 year, if not an all time low.My issue with themed books is that they all look wonderful, but there are so many similar colour versions out there and they invariablly get discounted by at least 50% and then end up in the charity bag.Games
Hardboy
03 Jul 2017
Re: John Lee As has been pointed out, Lord Lee has acted sensibly. Selling a small portion of a major holding when the price was getting over reached; to reduce the dominance of one share in his portfolio. That's sensible investing. Where he was wrong is in saying he would never do it. In many ways if he did say that, then he is admitting he is not a sensible investor.
