561 replies to this topic

[MrDividend]

thanks Goliath, Immobilier or anyone else for that matter would value your views on this one.

 

I have been happy with RIN (also property overseas, divi in pence) Up 15.86% for me this last year - much lower P/E (which I like, many would disagree). But bought if for the good dividend and for long steady growth.

[delta66]

thanks Goliath, Immobilier or anyone else for that matter would value your views on this one.

[Goliath]

Goliath, i know you are into property stocks, have you looked at CCO they are a property group with interests in the UK....good liquidity, high P/E (returned +45% last 3 months) 

now the money question...is it to expensive at current levels or will their momentum push them further in the short term(next 6 months)

anyone with insight or currently holding this stock?

Delta! I switched away from the property stocks after the good run(and sold my Chemspec punt), decided to get some Life, Mix Telematics, Ellies and Litha for the long run.. Don't know much about CCO, think Immobilier could shed some light perhaps?

[delta66]

Goliath, i know you are into property stocks, have you looked at CCO they are a property group with interests in the UK....good liquidity, high P/E (returned +45% last 3 months) 

now the money question...is it to expensive at current levels or will their momentum push them further in the short term(next 6 months)

anyone with insight or currently holding this stock?

[GDP]

To all who has replied, thank you very much.

 

I do need to diversify more, which will result in my current holdings in each share changing (reducing) making it more balanced. I will keep ABL and ride it out. I own property directly not through shares. I will look at telecoms and healthcare as a start to diversify.

 

Thanks again

[Goliath]

Oh, and unless you Orca I wouldn't recommend adding to CML here either, you already have 36% in it.

 

Then I again I have 30% so what the hell do I know...

I personally don't go above 20% per stock, keep it around 10% per stock but if I really like one and it does perform I'll double up etc, but everyone has a different strategy(orca's got 3 stock portfolio and works excellent for him), I favoured property but decided to take a bit more risk as I like my smallcaps (80% of portfolio smallcaps! ) so depends on your risk profile.

[HendrikB]

Im sorry, I can't rationalize holding ABL over CML, ELI, SAB, PNC and BAT to name a few. Bad results and no indication of the results getting any better next time, I hardly think the odds are in his favour. If you honestly think holding ABL is a better option than swopping out for CML long term then I'm very confused. Being able to say that you made a mistake is an important part of investing, to hold ABL for a couple more years to hopefully get back what you lost is not worth it. Anyone else think that holding ABL is not a good idea??

 

Most of the companies that you're mentioning are trading near historic highs. Amazing how confident folks get after a nice bull run.

[gamma]

Oh, and unless you Orca I wouldn't recommend adding to CML here either, you already have 36% in it.

 

Then I again I have 30% so what the hell do I know...

I agree with you both...

 

I don't think its a bad idea to hold some ABL but you need to adjust your portfolio for risk and this company's outlook at the moment is uncertain.

You can't compare it to a Goldman Sachs which was far more solid at the time of Buffet's investment.

So yes, one could take a punt and it might come off spectacularly but you would be mad having 17% of your money in one company with this much uncertainty.

 

My advice would be to reduce your holding to max 5% and put the proceeds somewhere else.

[gamma]

I agree with you both...

 

I don't think its a bad idea to hold some ABL but you need to adjust your portfolio for risk and this company's outlook at the moment is uncertain.

You can't compare it to a Goldman Sachs which was far more solid at the time of Buffet's investment.

So yes, one could take a punt and it might come off spectacularly but you would be mad having 17% of your money in one company with this much uncertainty.

 

My advice would be to reduce your holding to max 5% and put the proceeds somewhere else.

 

 

Im sorry, I can't rationalize holding ABL over CML, ELI, SAB, PNC and BAT to name a few. Bad results and no indication of the results getting any better next time, I hardly think the odds are in his favour. If you honestly think holding ABL is a better option than swopping out for CML long term then I'm very confused. Being able to say that you made a mistake is an important part of investing, to hold ABL for a couple more years to hopefully get back what you lost is not worth it. Anyone else think that holding ABL is not a good idea??

[seesider]

Historically, the buy and hold investment strategy outperforms active investing.  So... the odds are in GDP's favour.  He should stick to what he has.  Swopping and changing is a sure way to lose money quick.

 

Im sorry, I can't rationalize holding ABL over CML, ELI, SAB, PNC and BAT to name a few. Bad results and no indication of the results getting any better next time, I hardly think the odds are in his favour. If you honestly think holding ABL is a better option than swopping out for CML long term then I'm very confused. Being able to say that you made a mistake is an important part of investing, to hold ABL for a couple more years to hopefully get back what you lost is not worth it. Anyone else think that holding ABL is not a good idea??

[HendrikB]

Its like people were saying earlier that they are considering/have swopped their MTA shares for other shares. They aren't doing this because MTA is a bad share/company or that the share price won't go up in the future but because their money can get a higher return if they bought another share.That's what I'm trying to say, there are better places to put your money than ABL.

 

Historically, the buy and hold investment strategy outperforms active investing.  So... the odds are in GDP's favour.  He should stick to what he has.  Swopping and changing is a sure way to lose money quick.

[seesider]

Why is this bad advice? Firstly ABL hasn't reached the bottom of where its going short term(around R15). Secondly there is no guarantee long that this is the bottom. Thirdly, the fact that it is at the bottom makes no difference. He has say R10000 worth of ABL presently, would that money not be better in CML for the long term or keep it it ABL just because its at the bottom?? The fact of the matter is he has 17% of his portfolio in ABL and in the long run that 17% will grow faster if it was invested in say CML than in ABL. ABL is not a company that should take up 17% of your portfolio. He should cut his losses and go with a share than will bring him a better return than ABL in the FUTURE. What has happened, has happened, no point in trying to wait it out as there is no guarantee that it will go up.

 

Its like people were saying earlier that they are considering/have swopped their MTA shares for other shares. They aren't doing this because MTA is a bad share/company or that the share price won't go up in the future but because their money can get a higher return if they bought another share.That's what I'm trying to say, there are better places to put your money than ABL.

[seesider]

horrible advice. If you sell ABL now you're selling the share at its bottom.  ABL won't go bankrupt.  Give it time and you'll be rewarded. Don't panic and don't sell.

 

Why is this bad advice? Firstly ABL hasn't reached the bottom of where its going short term(around R15). Secondly there is no guarantee long that this is the bottom. Thirdly, the fact that it is at the bottom makes no difference. He has say R10000 worth of ABL presently, would that money not be better in CML for the long term or keep it it ABL just because its at the bottom?? The fact of the matter is he has 17% of his portfolio in ABL and in the long run that 17% will grow faster if it was invested in say CML than in ABL. ABL is not a company that should take up 17% of your portfolio. He should cut his losses and go with a share than will bring him a better return than ABL in the FUTURE. What has happened, has happened, no point in trying to wait it out as there is no guarantee that it will go up.

Edited by seesider, 24 May 2013 - 07:31 PM.

[HendrikB]

Get rid of ABL!!. Can't see it getting better any time soon. Maybe replace with SAB, PNC or increase your holding in CML. Also someone posted earlier, the Satrix INDI is a solid performer in the long run so go with that rather than take risks with shares like ABL.

 

horrible advice. If you sell ABL now you're selling the share at its bottom.  ABL won't go bankrupt.  Give it time and you'll be rewarded. Don't panic and don't sell.

[orca]

Maybe just my view. Gold, plat and coal miners are for trading and not for investing. Far too volatile and subject to accidents, strikes and stoppages. So GDP think about that.

[MrDividend]

Hi everybody. This is my first post on the forum. Below is my portfolio. I started off with the wrong approach in buying penny shares of which I got rid of most. My strategy now is long term with a view on dividend returns. ABL is a worry for me at the moment, but do not feel that I should get rid of it. Also most prob not diverse enough. Any advice would be welcomed.

 

ABL  17.41% ADW 1.18% ARL 5.60% CML 36.53% KIO 11.61% PAN 13.03% SSK 5.39% VIL  4.55%

What about some property and add ether MTN or Vod? Maybe sasol and BTI as a rand hedge with good dividends.

[seesider]

Hi everybody. This is my first post on the forum. Below is my portfolio. I started off with the wrong approach in buying penny shares of which I got rid of most. My strategy now is long term with a view on dividend returns. ABL is a worry for me at the moment, but do not feel that I should get rid of it. Also most prob not diverse enough. Any advice would be welcomed.

 

ABL  17.41% ADW 1.18% ARL 5.60% CML 36.53% KIO 11.61% PAN 13.03% SSK 5.39% VIL  4.55%

 

Get rid of ABL!!. Can't see it getting better any time soon. Maybe replace with SAB, PNC or increase your holding in CML. Also someone posted earlier, the Satrix INDI is a solid performer in the long run so go with that rather than take risks with shares like ABL.

[GDP]

Hi everybody. This is my first post on the forum. Below is my portfolio. I started off with the wrong approach in buying penny shares of which I got rid of most. My strategy now is long term with a view on dividend returns. ABL is a worry for me at the moment, but do not feel that I should get rid of it. Also most prob not diverse enough. Any advice would be welcomed.

 

ABL  17.41% ADW 1.18% ARL 5.60% CML 36.53% KIO 11.61% PAN 13.03% SSK 5.39% VIL  4.55%

[gamma]

No known information led to the drop so buy or add. Perhaps some institutions or directors taking some money off the table. Volume was significant so my bet is one of these. Results will drive the real move, ideally up!

 

 

Down more than 6% now, looking under the couch to see if I have any extra money to put in this. Anyone got a reason for the drop today??

[seesider]

Bought some more ellies today. Looks very cheap at under R9.50. Expecting the upcoming results to push this one well above R10.

 

Down more than 6% now, looking under the couch to see if I have any extra money to put in this. Anyone got a reason for the drop today??