What’s your big gamble?

[500 Miles]

petemurphy said:

forgive my ignorance aa as in american airlines or ?

Aa Plc Ord 0.1Pb- listed one London. They are a car breakdown and insurance company.

[500 Miles]

funinhounslow said:

Am pondering Carnival at £6.15 but still not quite brave enough...

Yeah, I’ve been looking at Carnival - how hard is it going to be convincing OAP’s to get back onboard post this crisis... also going to be difficult persuading all of those that were half thinking about a cruise before to try it..

High interest rates on it’s new loans won’t make it any easier..

Great upside if they return to semi normal trading levels - all of this makes it a great (and not sensible) gamble!

[Shnozz]

The image of cruising must be sorely tarnished after this virus. However, for the elderly, such as my parents, it’s one of few holidays they can do as their age means travel insurance is far too expensive for them to do any other form of holiday. That said, I’d be surprised if my parents ever wanted to board a ship again once this virus has passed.

I’d rather back an airline than Carnival right now.

[500 Miles]

Agree - I’ve put some into EasyJet although was thinking about maybe moving it into something else.

[Shnozz]

500 Miles said:

Agree - I’ve put some into EasyJet although was thinking about maybe moving it into something else.

I’ll be honest and say I don’t know much about their balance sheet but am tempted judging by what another poster (might have even been yourself?) about their fleet ownership percentage. With closed operations and employing the furlough scheme, losses throughout this lockdown seem modest compared to others. I’ve put some in there too, together with Barclays also and Persimmon.

[GingerMunky]

500 Miles said:

What shares are you taking a punt on that will either rocket or go bust?

Love the idea of this thread.
Capita? That's got to be a going bust one!

I think BP and RDSA for a rocket, but delayed fuse until because of the lag effect of the economy recovery.

Lloyds (some of the other banks) for a rocket, after the accounting for hit on NPL and lost revenues if the BoE force repayment holidays on debts.

[bobmedley]

15,000 Aston Martin shares

Got 10,000 at 30p each in the rights issue, a total sh!t or bust punt

[Jefferson Steelflex]

Massive buy into Lloyd’s and RBS middle of last week. I need to stop watching the share prices as I have to treat it as a mid-term investment, they’ll be cheap for a while yet.

[500 Miles]

bobmedley said:

15,000 Aston Martin shares

Got 10,000 at 30p each in the rights issue, a total sh!t or bust punt

I’m trying to forget about AML and Metrobank... a very sore point in my portfolio - I bought when they couldn’t possibly go any lower..... oh.. Did get 81000 aml shares at the 30p offering so we’ll. see.

[500 Miles]

GingerMunky said:

500 Miles said:

What shares are you taking a punt on that will either rocket or go bust?

Love the idea of this thread.
Capita? That's got to be a going bust one!

I think BP and RDSA for a rocket, but delayed fuse until because of the lag effect of the economy recovery.

Lloyds (some of the other banks) for a rocket, after the accounting for hit on NPL and lost revenues if the BoE force repayment holidays on debts.

I’ve gone relatively large on Capita - even although I think it’s an awful company currently. Jon Lewis recently bought in at a much higher levels saying that the sell off had been overdone... There are a lot of opportunities to improve how the business is run, depends whether they have the right management team to make the changes.

[rsbmw]

Ive been looking at this exact topic, but biggest question for me is whether this will follow previous market crashes, in which case we’re early in the dead cat bounce and there could still be a long way down. That said the stuff I’m looking at has already lost 50-80% of share price. I’m normally a long term view medium risk type of guy but I’d like to throw 5k into some real punts just to keep things interesting.

This is the list of stuff I’ve been adding to over the last few days, going to pick 5-10 of them. Also a question mark over whether to go all in or phase the buying.

SABR
AA
Barclays
EZY
AAL
Citi bank
CZR
XOM/Shell/BP
spirit airlines
ALK
boeing/airbus
MGM
CZR
WYNN
LVS
NRZ
AMD
SQ
air canada
google
amazon
OXY

[500 Miles]

rsbmw said:

Ive been looking at this exact topic, but biggest question for me is whether this will follow previous market crashes, in which case we’re early in the dead cat bounce and there could still be a long way down. That said the stuff I’m looking at has already lost 50-80% of share price. I’m normally a long term view medium risk type of guy but I’d like to throw 5k into some real punts just to keep things interesting.

This is the list of stuff I’ve been adding to over the last few days, going to pick 5-10 of them. Also a question mark over whether to go all in or phase the buying.

SABR
AA
Barclays
EZY
AAL
Citi bank
CZR
XOM/Shell/BP
spirit airlines
ALK
boeing/airbus
MGM
CZR
WYNN
LVS
NRZ
AMD
SQ
air canada
google
amazon
OXY

That’s a decent list - will have a look through each of these later.

I know I should be drip feeding into stocks however going all in at the moment - what’s the worst that can happen?

[Justin Case]

Anything that Rees Mogg has got his nasty little snout in. I haven't got the stomach for it, but sadly there are some who do

[Derek Chevalier]

500 Miles said:

The smart money is obviously in picking stable companies with strong management teams

Smart money doesn't tend to pick individual shares, irrespective of their underlying characteristics.

[CaptainSlow]

I put 2k each into Barclays, BP and Lloyds on Friday. That Live Nation Entertainment looks worth a punt.

[GJB73]

Canadian cannabis companies! All have Dropped vastly since legalisation and the initial hype.

[Benbay001]

I bought some more Innovaderma.
I liked the price before corona, and now its so much better.

On top of that, their main product (fake tan lotion) has 4 main sales channels, their website, Superdrug, Boots and Tesco all of which are really rather busy atm.

(Although i did hear that boots have stopped selling non medical stuff in some stores?)

Also worth noting their last trading update was poorer than expected with them having burnt through alot of cash producing the stock to supply boots and superdrug for sales that are weighted towards summer.

ETA.

No debt and a forward P/E of 4 (if they meet numbers) and have grown their revenue and profit really quickly over the last 5 years with no reason to believe it will slow.

Edited by Benbay001 on Sunday 5th April 15:54

[hyphen]

GJB73 said:

Canadian cannabis companies! All have Dropped vastly since legalisation and the initial hype.

Isn't the black market/hoem grown still huge? As legal cannabis costs much more due to taxes and overheads.

[Luke.]

GJB73 said:

Canadian cannabis companies! All have Dropped vastly since legalisation and the initial hype.

I think that ship's well set sailed. I had GW Pharmaceuticals for years and sold about 2 years ago. But since all the states have been legalising it's a bit up in the air.

[GJB73]

hyphen said:

Isn't the black market/hoem grown still huge? As legal cannabis costs much more due to taxes and overheads.

Can’t imagine the black market ever going away, no matter what country (probably guaranteed being better and cheaper) Biggest problem is oversupply and slow licensing of legal outlets by health Canada.

Since December, edibles and cannabis infused drinks are now legal for those who don’t smoke/vape.
More recently due to Covid19, cannabis sales are increasing and available online.
I’ve done reasonably well over the two years I’ve invested in the cannabis industry. The shares I now have are free, as I took my initial investment out. My share account looks dreadful at present, as both companies I have shares with are now down over 80%., -£8.7k combined.
What with more US states legalising, I think it worth the gamble over the next 5+ years.