Time to turn.

Tout Seul

Tout Seul

Senior Jockey
Joined
May 2, 2003
Messages
2,628
On the basis that I am unlikely to call the bottom of the market I bought shares today. Not an earth shattering amount but enough to make a worthwhile contribution to Seul Funds if I am anywhere near right.I have invested in 4 companies that I am certain will not be in negotiations with their bankers in the near future and imo are substantially undervalued.

The market is meant to be forward looking and in the case of the stocks I have chosen I would reckon that their businesses will be doing well in 18 months to 2 years with prospects of doing better.

I reckon that provided one is careful there is money to be made. I may be completely bonkers but I am more comfortable with this lot than most of the horses I have backed this year.

I won't name the stocks because I don't want any responsibility though I will identify them to a THF member whom I know would only invest if he thoughly researched them first.
 
"Be fearful when others are greedy, and be greedy when others are fearful."

Wouldn't argue with Mr Buffett.
 
Isnt BP at a p/e of just 8 at the current time? I guess that was on eof them

Its a good move and ill be doing the same. By any historic standard shares in safe companies are extremely cheap at the moment
 
Agreed, though I think you have to be prepared to commit to the long game.

The market right now is a volatile beast, so any quick-win merchants might get their fingers burnt, but if you can stay in for 18-24 months without needing to realise your equity, I think there are killings to be made.
 
Your point is well made Grasshopper. Short term punting at present is no different to betting on the computer generated horse races. The fundemantals are not being revised daily, it is forced selling and emotion dictating price movements across the board.

Interestingly there is a growing amount of money available as equity in the private markets. New Bank money is almost non existent but with a good story it is certainly possible to get long term investors.Indeed this was one of the factors that led me to my decision today.
 
This sounds like an elaborate -18/24 months in the making - aftertiming thread.

Gearoid - one for your list.

:D
 
A valid observation, Betsmate.
My intention in the post was to express a view as to now being the time to make carefully considered investments in the market. The statement about making investments served to demonstrate the strength of my convictions and also to show that they were long term investments, ie a spreading of considered risk over a long term.

As when starting any thread expressing a view I aimed to start a hopefully constructive discussion on the topic.When posting I realised that someone might ask what investments they were and I do not wish to be seen as a share tipster on this or any other forum. Furthermore the investments are in companies outside the top 200 and in the case of at least 2 present achieveable targets for investors that I have worked with in the past to acquire companies. If certain conditions prevail then I may appproach these companies and it would be inappropriate to have previously identified them on here.
 
Interesting that both stocks named thus far in the thread are companies involved in supplying commodities of which there is an ultimately finite supply. Both of these commodities will be required less during a global recession but, unless substitutes are found, in the long term will have ever greater value.
 
You can buy Irish bank shares for around 1x earnings at the moment.

Even with the government having the companies by the knackers on dividends, and even with the uncertainty about the viability of the companies in the medium term, and even with the possibilities of forced mergers, that is very attractive.
 
I`m happy as long as they pass it onto mortgage holders. Mine is with Northern Rock so I`m hopeful.

On the way back from the Gym this morning I was listening to Five Live in the car and one dufus rang up the phone-in complaining that mortgage payers always got priority over "prudent" (god I hate that fucking word) savers. People who have large savings don`t need any help - moreover they don`t deserve any. Any interest is a bonus.
 
Look at a house as a large saving, more an opportunity cost if you will. The cash is locked up in property like a great big 250k bank account you can see and live in :)

Are the "prudent" savers the ones who got bailed out when Northern Rock went bust, or is it just the ones who invested in the Icelandic banks?
 
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