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[Hainey]

Muffster said:

Anyone in the know about construction companies? I see they have taken a hit over the last week or so, Balfour Beatty , Taylor Wimpey etc. Is now the time to opt for these, i see a lot of the construction companies have had a steady rise over the last 5 years.

I think a lot of them were overvalued tbh. There are some decent mid cap buys out there just now with the FTSE 250 having taken a skelp but I don't think construction is where I'd be looking. That's just me though.

[jonamv8]

Muffster said:

Anyone in the know about construction companies? I see they have taken a hit over the last week or so, Balfour Beatty , Taylor Wimpey etc. Is now the time to opt for these, i see a lot of the construction companies have had a steady rise over the last 5 years.

Been thinking along similar lines. I think some recovery to be had but also agree they could have been a bit overvalued before so recovering the 20%ish they lost maybe out but 5-10% then maybe. Just a matter of how long and whether i want to tie up my dough for a decent duration when i could try and make some more short term moves

[twinturboz]

Those European banks look bad don't they.

Deutsche Bank just looks horrible, how that will end in a positive outcome I have no idea.

[Greshamst]

GSK are now at a 2 year high, pushed up by some good news and money flooding into defensive stocks.

I'm tempted to sell now, take the profit and wait for them to drop further down the line and buy back in.

Does anyone have a view?

[walm]

Greshamst said:

GSK are now at a 2 year high, pushed up by some good news and money flooding into defensive stocks.

I'm tempted to sell now, take the profit and wait for them to drop further down the line and buy back in.

Does anyone have a view?

Last year sales of £24bn.
£1bn UK, £8bn US, £15bn international.
Huge amounts of R&D based in the UK and predominantly labour (I am guessing).
Tanking pound is your friend.

UK based pharma is an excellent FX hedge. With a little div too.

[twinturboz]

Greshamst said:

GSK are now at a 2 year high, pushed up by some good news and money flooding into defensive stocks.

I'm tempted to sell now, take the profit and wait for them to drop further down the line and buy back in.

Does anyone have a view?

Just my 2p, short term chart looks parabolic wouldn't be surprised to see it pullback into 1550-1600 area but for the reasons Walm mentioned should be a good hold longer term.



Bonds have to be the most overcrowded trade, when theres a rush for the exits it's not going to be pretty.

Edited by twinturboz on Thursday 7th July 14:29

[768]

jonamv8 said:

Muffster said:

Anyone in the know about construction companies? I see they have taken a hit over the last week or so, Balfour Beatty , Taylor Wimpey etc. Is now the time to opt for these, i see a lot of the construction companies have had a steady rise over the last 5 years.

Been thinking along similar lines. I think some recovery to be had but also agree they could have been a bit overvalued before so recovering the 20%ish they lost maybe out but 5-10% then maybe. Just a matter of how long and whether i want to tie up my dough for a decent duration when i could try and make some more short term moves

I bought some RDW yesterday and the day before. Up 6% so far today, I'll probably hang on for a bit longer. If it recovers 15% or so I'll get shot, not keen on keeping them too long.

[williaa68]

Any thoughts on F&C commercial property trust? Bounced a little off its lows but still on c. 25% discount to its last NAV and a 5%+ yield. Yield would seem to be secure for a while?

[walm]

williaa68 said:

Any thoughts on F&C commercial property trust? Bounced a little off its lows but still on c. 25% discount to its last NAV and a 5%+ yield. Yield would seem to be secure for a while?

Seriously? Are you completely batst insane?

[768]

768 said:

I bought some RDW yesterday and the day before. Up 6% so far today, I'll probably hang on for a bit longer. If it recovers 15% or so I'll get shot, not keen on keeping them too long.

Up 7% today. Beginning to sell out quicker than I was expecting to.

[NRS]

walm said:

williaa68 said:

Any thoughts on F&C commercial property trust? Bounced a little off its lows but still on c. 25% discount to its last NAV and a 5%+ yield. Yield would seem to be secure for a while?

Seriously? Are you completely batst insane?

Why don't you say what you really think walm?!

[walm]

NRS said:

walm said:

williaa68 said:

Any thoughts on F&C commercial property trust? Bounced a little off its lows but still on c. 25% discount to its last NAV and a 5%+ yield. Yield would seem to be secure for a while?

Seriously? Are you completely batst insane?

Why don't you say what you really think walm?!

That's fair.
I did sugar coat it a little.

Sorry williaa68. Was just being honest!

[williaa68]

No worries at all! In apply to be a little contrarian. I bought yesterday at a shade over 105 and some Tritax big box REIT at 124. Blended equates to about a 5% yield and in the ISA so tax free. Not spectacular but I think they will be ok in the long term. We will see....

[Burwood]

williaa68 said:

No worries at all! In apply to be a little contrarian. I bought yesterday at a shade over 105 and some Tritax big box REIT at 124. Blended equates to about a 5% yield and in the ISA so tax free. Not spectacular but I think they will be ok in the long term. We will see....

I remember getting 10-12 yields on US REITS. 5 isn't good enough in my view

[williaa68]

I can't believe it is only eight years ago that I was getting 5% on my ten year gilts - it seems a lot longer ago. Like many investors searching for yield I'd like more but the risk reward didn't seem too bad to me. I guess time will tell. Open to other suggestions!

[Burwood]

Good yield o. Divs with M&S.

[williaa68]

http://www.telegraph.co.uk/investing/funds/buy-the...

I might be insane but I'll have company in the asylum!

[HarryW]

Defence is a good area, in my very very limited experience, BAE Systems have been doing well and have further to go, strong buy by a lot of houses. They have a large US exposure and the weak pound will help it further. The dividend is just under 4% too.

[768]

768 said:

768 said:

I bought some RDW yesterday and the day before. Up 6% so far today, I'll probably hang on for a bit longer. If it recovers 15% or so I'll get shot, not keen on keeping them too long.

Up 7% today. Beginning to sell out quicker than I was expecting to.

All out. It'll skyrocket upwards now no doubt, but best not to be too greedy, it's covered a family holiday we're off on tomorrow. ✈

[ExPat2B]

twinturboz said:

Greshamst said:

GSK are now at a 2 year high, pushed up by some good news and money flooding into defensive stocks.

I'm tempted to sell now, take the profit and wait for them to drop further down the line and buy back in.

Does anyone have a view?

Just my 2p, short term chart looks parabolic wouldn't be surprised to see it pullback into 1550-1600 area but for the reasons Walm mentioned should be a good hold longer term.

Edited by twinturboz on Thursday 7th July 14:29

I am in the same boat, I am up 19% on GSK and think it may be time for a little profit taking, and re-entering when it dips down.

I have an order to sell if it hits 1680, which may be a little greedy, and I will review at the end of the week.