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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 02, 2016 3:46 pm 
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Under CAB Investigation

Joined: Apr 9, 2014
Posts: 2126
Luan wrote:
HouseBuyer wrote:
Thargor wrote:
Feel free to post your Buys here when the time comes please HouseBuyer, been sitting on cash for a year, well its in Prize Bonds but Ive only won €100.

MSCI Emerging Markets Index is a good way to get a broad spread of diversification to higher quality, large cap, emerging market equities that have been heavily sold off.

In terms of energy, stick with well capitalized, high quality companies which are producing and have excellent balance sheets. Royal Dutch Shell and Chevron Corporation for me tick those boxes.

Good old Berkshire Hathaway is also attractive at these levels. Shares will be bought back at 1.2x book value, and the share price is only trading just above that level now.

Would like to see another 10% decline before I really start to get interested though.

Brought Lloylds today at 57.45

Only my profit and tax bill still invested in Lloylds as of today :)


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 02, 2016 10:49 pm 
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Neo Landlord

Joined: Aug 26, 2012
Posts: 281
grumpy wrote:
dipole wrote:
irish_bob wrote:
oh spare us the insufferable piety , rents in Dublin are not especially high for a European capital , wages in Dublin are well above the average for a European capital

It is not piety; It is observing people close to me suffering because of parasites piling in to an asset class which also doubles as human shelter. I can't tell these people to knuckle down and earn more as they already earn what is considered a reasonable wage within their industry internationally.
Although that wouldn't stop some people here sharing anecdotes about how their immigrant charwoman and her labourer husband can afford to buy in Dublin.

To which European capital does it suit you to compare rents? It is more expenive than Berlin. https://www.expatistan.com/cost-of-living/berlin
Average wages are not average wages for those in the rental trap with no means of escape. There are some older high earners who are playing Monopoly in Dublin.

The ladder has been truely pulled up behind those who clambered on to it when it was within grasp.


Rents in Berlin are cheaper because there is less demand. It's not complicated. Majority of Germans rent. Do you consider their landlords immoral?

<SNIP>



berlin is a famously cheap city , either by german or european standards


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 02, 2016 10:50 pm 
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Neo Landlord

Joined: Aug 26, 2012
Posts: 281
dipole wrote:
grumpy wrote:
Rents in Berlin are cheaper because there is less demand.

That's totally wrong anyhow.
Reports in German media show that Germans are thronging to the larger cities and smaller towns are hollowing out.
The German rental sector is heavily regulated to the benefit of both landlord and tenant.


plus no sympathy is shown to dead beat tenants in germany , try evicting a tenant here who either wont pay or trashes the place , your looking at eighteen months if your lucky and zero consequence for the scab tenant


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 16, 2016 3:09 am 
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Under CAB Investigation

Joined: Feb 19, 2009
Posts: 2506
Andy wrote:
Daniel Plainview wrote:
Andy wrote:

Reckon they're spot on re VRX too.


You think VRX equity is a good buy?


Yes, I think it has been oversold.
Decent fundamentals - 12x EV multiple but 5% cash tax rate, capex 3% of revenues, 4.0x interest coverage, FY 2015 P/E of 8.0x, F FY 2016 P/E 6.0x-7.0x.

Legal liabilities big risk but we shall see what comes of that.



Ooooooof.

Shares of Valeant VRX -51.46% , one of the industry’s most widely-owned stocks, tumbled more than 50% on Tuesday to about $33 after saying it risked defaulting on its $30 billion debt.

Absolutely delighted to see this horrible company get destroyed. And Bill Ackman along with it? A cherry on top.
A company that was based around predatory pricing of drugs, charging (just one example) anywhere between $200 and $2,500 for a tube of Zovirax.... yes, the self same drug that you can buy in your local Irish pharmacy for a tenner.

http://www.latimes.com/business/la-fi-l ... olumn.html

Valeant was lauded by the usual financial lemmings (as above) and worshipped by duplicitous hedge fund guys like Ackman and Paulson.
If there's any justice, then zero will be too high a price for it.

_________________
Profits = Investment – Household Savings – Government Savings – Foreign Savings + Dividends

(i.e. company profits are directly fed, in part, by government deficits)

BANKS DON'T LEND RESERVES
As confirmed by the Bank of England


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 16, 2016 11:59 am 
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Of Systemic Importance

Joined: Feb 8, 2007
Posts: 5198
Daniel Plainview wrote:
Andy wrote:
Daniel Plainview wrote:
Andy wrote:

Reckon they're spot on re VRX too.


You think VRX equity is a good buy?


Yes, I think it has been oversold.
Decent fundamentals - 12x EV multiple but 5% cash tax rate, capex 3% of revenues, 4.0x interest coverage, FY 2015 P/E of 8.0x, F FY 2016 P/E 6.0x-7.0x.

Legal liabilities big risk but we shall see what comes of that.



Ooooooof.

Shares of Valeant VRX -51.46% , one of the industry’s most widely-owned stocks, tumbled more than 50% on Tuesday to about $33 after saying it risked defaulting on its $30 billion debt.

Absolutely delighted to see this horrible company get destroyed. And Bill Ackman along with it? A cherry on top.
A company that was based around predatory pricing of drugs, charging (just one example) anywhere between $200 and $2,500 for a tube of Zovirax.... yes, the self same drug that you can buy in your local Irish pharmacy for a tenner.

http://www.latimes.com/business/la-fi-l ... olumn.html

Valeant was lauded by the usual financial lemmings (as above) and worshipped by duplicitous hedge fund guys like Ackman and Paulson.
If there's any justice, then zero will be too high a price for it.

Bill Ackman really is living up to the part of the shepard who is leading the sheep to the slaughter on this, isn't he? It gets better though. Apparently redemptions forced Ackman to replace equity positions with option calls, which are cheaper to buy, but increase his exposure to any downward movements. I have little sympathy for him or any of his disciples though. Any company can hit trouble at some point, but when you have a company that just seems to lurch from crisis to crisis, there is clearly something structurally wrong. There's just so many red flags at this stage, I wouldn't touch this with a 10ft pole.

1. The delay in submitting the annual report.
2. The restatement of earnings.
3. The Philidor scandal.
4. The massive leverage involed.
5. The SEC/Federal investigation.
6. The shoddy (unsustainable) business model.
7. The history of growth by acquisition.


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Thu Mar 17, 2016 8:10 pm 
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Nationalised

Joined: Sep 29, 2010
Posts: 8788
Location: London, innit
Quote:

Twenty-one of the 23 analysts who cover Valeant were telling investors to buy or hold the drug group’s shares before Tuesday’s massive sell-off, fuelling new doubts over whether investment banks’ research is too bullish about the companies they cover.

:D
http://www.ft.com/intl/cms/s/0/dcfb5cb2 ... z439PsDelk


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Thu Mar 17, 2016 8:16 pm 
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IMF'd

Joined: Sep 13, 2007
Posts: 31893
Location: Tullamore
slasher wrote:
Quote:

Twenty-one of the 23 analysts who cover Valeant were telling investors to buy or hold the drug group’s shares before Tuesday’s massive sell-off, fuelling new doubts over whether investment banks’ research is too bullish about the companies they cover.

:D
http://www.ft.com/intl/cms/s/0/dcfb5cb2 ... z439PsDelk

It's clearly not too bullish, the smell that comes off the herd is bullshit!

_________________
"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Sat Mar 19, 2016 11:15 pm 
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Of Systemic Importance

Joined: Jun 9, 2008
Posts: 7098
yoganmahew wrote:
slasher wrote:
Quote:

Twenty-one of the 23 analysts who cover Valeant were telling investors to buy or hold the drug group’s shares before Tuesday’s massive sell-off, fuelling new doubts over whether investment banks’ research is too bullish about the companies they cover.

:D
http://www.ft.com/intl/cms/s/0/dcfb5cb2 ... z439PsDelk

It's clearly not too bullish, the smell that comes off the herd is bullshit!


Grant's view March 14

http://static.ow.ly/docs/g32n05b-gdmt_40OG.pdf

_________________
“Don't ask the barber if you need a haircut—and don’t ask an academic if what he does is relevant.” Nassim Nicholas Taleb


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Sat Mar 19, 2016 11:49 pm 
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IMF'd

Joined: Sep 13, 2007
Posts: 31893
Location: Tullamore
grumpy wrote:
yoganmahew wrote:
slasher wrote:
Quote:

Twenty-one of the 23 analysts who cover Valeant were telling investors to buy or hold the drug group’s shares before Tuesday’s massive sell-off, fuelling new doubts over whether investment banks’ research is too bullish about the companies they cover.

:D
http://www.ft.com/intl/cms/s/0/dcfb5cb2 ... z439PsDelk

It's clearly not too bullish, the smell that comes off the herd is bullshit!


Grant's view March 14

http://static.ow.ly/docs/g32n05b-gdmt_40OG.pdf

Thanks! They're like a seventies m&a outfit, except not as good...

_________________
"It is impossible to design a system so perfect that no one needs to be good."

So long and thanks for all the fish.


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 Post subject: Re: ISEQ: Up or down? - The Stockmarket Thread
PostPosted: Wed Mar 30, 2016 12:26 pm 
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Single Home Owner

Joined: Jan 25, 2016
Posts: 117
Anyone any suggestions as to what to invest a pension fund in at present?


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