Yes, I have SAG and think this is a very sound company. The fundamentals are good, and the yield is good compensation for holding. The management have an excellent record elsewhere, and there is freehold property on the books. As you say the majority of the business is conducted abroad, so the continued weak pound will help. A good one to hold, I think, and one I will be hanging onto.
Whether anything is a buy at the mo, or whether we will see further falls, I do not know. Just out of curiousity, the fall everywhere on Friday was HUGE, but I had twelve order buys in place for companies I see as potential value buys at the right price. Not a single one was triggered! I can see the next couple of years being a trader's dream. Every time Boris belches the markets will throw a wobbly! Long term we should be OK, I hope!
I noticed you posting over on the Science Group thread. Do you hold any shares in them? I've followed them since they were Sagentia but am thinking of making a maiden purchase next week with the price at 120p as I think they're good value and since 57% of their business is with the states I would have thought a weak pound would help them.
Not too bad, thanks. I have some GFRD, which are down 10% or so. I could not trade at all yesterday morning as my provider was down. Not happy! It will be interesting to see what occurs on Monday. Banks and builders have fallen so far I could be tempted!
I hope you didn't invest too much into banks and property.
I haven't suffered too badly today, but naturally both portfolios are down some way at the moment. I bought a few DEB as I like the shops, although price inflation hitting either turnover or margins has to be a worry if the pound remains low.
Hi again Jacko
I am looking at builders as a shorter term trade. The referendum has scuppered them recently, and we should see a surge on Friday. Not my usual style, but needs must! The fundamentals are good across many, at least for now!
VIN looks good. Are you interested in VCTs at all? NVT and BVT seem to have decent NAV and reasonably safe dividends. The yields are 5%+. NUM plopped on Friday and may well be wi=orth revisiting.
All the best
The builders don't interest me, I have been expecting a property market crash for 10 years now! In all seriousness property is massively overvalued, round here it costs £200k for a one bed flat on a council estate. It's just ridiculous population growth that makes me wonder whether or not it's ever going to happen.
The banks don't interest me either, their balance sheets are impossible to understand and they do have a habit of going pop.
I bought some VIN into my SIPP, high yielding investment trust on a decent discount to underlying NAV although they have fallen substantially today. I mainly bought them to get a better spread of investments in my SIPP and for the yield of over 4% which looks pretty safe.
I'm still sitting on cash too before the Brexit vote and because there is not much else that I want to buy at the moment.
Good news out of PEN today anyway although the price has hardly moved, I guess that's the general market weakness coming into play.
Hi again Jacko
I am away from here for now, but will be back. Are you tempted by the builders at all? the referendum has put the kybosh on them for a while now, despite generally good fundamentals. GFRD and BWY seem very attractive to me. I have dabbled in the former. The banks are suffering too, if that is your kind of thing. It could be an opportunity to pick up some high-yielding stuff to tuck away.
For what it is worth here are my views on SL. and AUK. The former I like, but I think at the mo it is a little rich for me. Lovely yield and generally a sound set up, but I would need to see a decline in the price to bring me in. I can only see that happening if there is a general decline in the market. The PER is over 12, which seems stiff for that kind of business.
AUK has too much exposure to the Middle East for me at the mo. As well as the oil price dcline there is also the continual threat of someone bubbling someone else for the odd bung (although in the lon run it never did CSG any real harm!!!). Good firm and excellent financials, but the charts suggest something under 6 may happen. If it does I am in.
Two more confirmed for the watch list! Thanks jacko.
The only reason I have SL. shares is because I carpetbagged them with a small policy many many years ago and got some for free when they demutualised. I've been reinvesting the dividends ever since. I must admit though they're starting to look pretty good value as the price keeps falling and I've had a nice capital return out of them.
We may not use the same methodology, and we may not be looking for exactly the same thing, but we do have an awful lot in common! I think the main difference is that you are a lot braver than me though.
I used to hold AVG, HAYT and PRES but sold out way too early in each case. I still have VLK, PEN, and HYDG and am happy to hold them despite the latter two are showing losses. In each case I can see 20% plus to be had. Patience is the key!
BVM, NAR and AUK I have liked for a while. All seem under-rated companies; but they are so tiny in each case that I have held back from buying. CMH could go either way, but again it is a company I really like the look of if things stabilise. RTN should be a takeover target. Paul Scott is very enthusiastic and I very much respect his analysis(@paulypilot and on Stockopedia).
I think taking on oil-related services is a good move for the long term. HTG (which I again sold too early!!) is still a good punt if it falls a wee bit more, and how about GTC? It is a tiddler but has money in the bank and a progressive dividend policy (these I hold, and possibly have done for too long!!!)
I need to get my head down now, but intend to check out SL. and AUK over the next few days. Thank you.
Thanks for the detailed response. I've had a quick look at all those companies on your list and found a couple that are interesting to me. By and large I look for things that are out of favour or suffering a blip in earnings or are cheap on a sum of the parts basis. I also value balance sheet strength, low debt etc.
I'm currently holding:
I'm actually sitting on a loss on half of them, but those ones all have the chance to recover and none of them look in imminent danger of going broke so I'm hanging on.
In my SIPP I have taken a bit of a punt on the oil price, but not by buying oilers, but by buying companies with partial exposure (with the exception of NTQ which is a pure asset play) to the oil price but which look goodish value without the oil and gas profits (with the exception of PRES which I went in to too early).
I am holding
There's not much I'm actively watching. I was watching IND but felt that SNX was better value on an earnings basis (I bought for 125p) and I have recently been researching CMH but the balance sheet is not great and I'm waiting for imminent results.
Hi Jacko, we meet again!
I tend to have a look for companies with assets or little debt, and a decent record of profitability. If bumps have occurred in the road and brought the price down accordingly, that is ok by me, provided there is at least a tiny hint of a glimmer at the end of the tunnel. In a way I suppose I am looking for value, but often end up bottom fishing. Sometimes I do OK, other times not. I certainly couldn't make a living at it! At the mo I am watching:
BON (update due 10 June)
SHOE (update 8 June)
WJG (very early days)
ITE (not for any particular reason in this case!)
As you probably realised I have holdings here and in HYDG, the latter for quite a time, but here I am recently back in after selling out last year with a small profit.
Recently I have bought
except the last two I think these may still offer some value. My very basic screening also throws up all the decent builders and a fair chunk of consultancy firms. It is not that discriminating!!
How about you? Anything interesting? Do you have a set of criteria you work to? I filter on PER, PEG and yield. (Apologies if this is a bit abrupt. I am just off a week of nights, and I am too old for that game now!)
I notice we've come across each other on a couple of these types of stock which makes me wonder if we're similar types of investors. I have a small holding in this (a mistake as it transpires) and a larger one in HYDG (where I still have high hopes).
Do you know of any more situations of that nature that might be of interest?
The chairman went today. I am not surprised given the results published in March:
Revenue down 40%
Loss per share 8.7p
BUT, there is still money in the bank and unrelieved tax losses that together add up to 45% of the market cap. The order book for 2016 and 2017 is also allegedly 'healthy', and new contracts are still being won.
You can currently buy at 29.5, a four year low. Interims are due in September.
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