Shares for 2008?

[blot]

Where is your money going this year?

I'll continue to hold Imperial Energy Corporation, I'm digging Churchill Mining and I'm speculating very long term with Tomco Energy.

[ingelow]

I'm thinking short UK property (so mortgages, building socs, housebuilders etc), Long Eurodollar and Eurosterling (not shares technically ), long Tesco against the rest of the retailers..

Maybe a little bit of speculative Silver and Gold (would like to be larger, but don't have the balls for it frankly )

That's about it really, batten down the hatches - keep a fair bit in cash (Euros mostly, possibly some CHF), maybe trade a bit of volatility to keep myself interested

Personally, I've always thought of miners as a bit of a casino, but if you like the risk profile, long term it's probably a good bet. Nice idea for a thread actually - could we widen it from straight Equities though?

[Fittster]

My randon guess would be partygaming (currently 28p). All these online poker/betting companies are a license to print money IMHO.

P.S. I don't have any shares in partygaming and I've no plans to buy any. Don't do follow what I say as I've not got a clue what I'm talking about.

Edited by Fittster on Thursday 3rd January 13:55

[LeTim]

Long dividend paying large caps : Shell, BP, Glaxo, AstraZeneca, BT etc.

Long gold and silver futures and physical.

Long soft commodities, grains and lumber futures.

Short £ versus $, Yen, Euro.

---

I intend to set out my plays, sit back and spend most of the time PH'ing.

[escargot]

Going long on tesco for the forseeable future.

As much as they're a megabastardmulticonglomeratearation, they're also a very successful one.

[blot]

ingelow said:

Personally, I've always thought of miners as a bit of a casino, but if you like the risk profile, long term it's probably a good bet. Nice idea for a thread actually - could we widen it from straight Equities though?

I like casinos, especially when you get some money back

By all means widen the topic, was purely thinking equities at the time.

[NoelWatson]

ingelow said:

I'm thinking short UK property (so mortgages, building socs, housebuilders etc),

But has this been priced in already?

http://uk.finance.yahoo.com/q/bc?s=BDEV.L&t=1y

Barratt for example has gone from >1200p to 425p in the last year

Edited by NoelWatson on Thursday 3rd January 16:55

[ingelow]

NoelWatson said:

ingelow said:

I'm thinking short UK property (so mortgages, building socs, housebuilders etc),

But has this been priced in already?

http://uk.finance.yahoo.com/q/bc?s=BDEV.L&t=1y

Barratt for example has gone from >1200p to 425p in the last year

Edited by NoelWatson on Thursday 3rd January 16:55

To a degree yes it has, but I was short the lot earlier in the year (including Northern Rock), got out, then NR went pearshaped (perfect timing ), and I think there's a way to go personally, if not, there's minimal risk to the upside in the current climate (IMO obviously).

escargot said:

Going long on tesco for the forseeable future.

As much as they're a megabastardmulticonglomeratearation, they're also a very successful one.

I think this is a good move in the long term, little bit concerned about Fresh & Easy getting thumped in the states, but compared to other UK retailers, I think the picture is a good one.

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

[Fittster]

ingelow said:

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

Why I'm going for an online bookie is that they have fairly fixed costs (IT, advertising) and they are now expanding into the Bingo sector. I thing they have a better growth prospects than the traditional high street bookie.

We'll have to come back to this thread on the 31/12/2008 to see who was right.

[shadowninja]

Buy Toad.












What?

[g4ry13]

ingelow said:

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

Why would they do well in economic downturn? As things get bad, people have to batton down the hatches and are less likely to waste it on excessive necessities in their life. Gambling is one of them and people won't do it as they can't afford to throw away their money.

Interesting what you say about Poker though, i'm inclined to disagree with you on it. The markets in russia and Asia are heavily un-tapped and there's a lot of potential there. Not to mention there will be a presidential election later in the year which leaves a possibility for the repealing of the port act the legislation was attached to.

[LeTim]

g4ry13 said:

ingelow said:

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

Why would they do well in economic downturn? As things get bad, people have to batton down the hatches and are less likely to waste it on excessive necessities in their life. Gambling is one of them and people won't do it as they can't afford to throw away their money.

Interesting what you say about Poker though, i'm inclined to disagree with you on it. The markets in russia and Asia are heavily un-tapped and there's a lot of potential there. Not to mention there will be a presidential election later in the year which leaves a possibility for the repealing of the port act the legislation was attached to.

Whose in debt Gary?

The chavs on council estates taking home invalidity benefits and getting the rent paid, smoking fags all day and wandering down the bookies/ using skybets, who take a trip to costa grotta once a year for £90 a head.

Or the young middle class/ office workers, on £25k a year, with a crumping great mortgage, a car loan, and living beyond their means with expensive holidays to Bali for £1000 a head on the credit card?

Examine your thoughts on this, and seperate media lead prejudice from economic fact and it'll tell you why betting firms are actually pretty recession proof, a bit like chip shops are.

Edited by LeTim on Thursday 3rd January 19:02

[escargot]

LeTim said:

g4ry13 said:

ingelow said:

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

Why would they do well in economic downturn? As things get bad, people have to batton down the hatches and are less likely to waste it on excessive necessities in their life. Gambling is one of them and people won't do it as they can't afford to throw away their money.

Interesting what you say about Poker though, i'm inclined to disagree with you on it. The markets in russia and Asia are heavily un-tapped and there's a lot of potential there. Not to mention there will be a presidential election later in the year which leaves a possibility for the repealing of the port act the legislation was attached to.

Whose in debt Gary?

The chavs on council estates taking home invalidity benefits and getting the rent paid, smoking fags all day and wandering down the bookies/ using skybets, who take a trip to costa grotta once a year for £90 a head.

Or the young middle class/ office workers, on £25k a year, with a crumping great mortgage, a car loan, and living beyond their means with expensive holidays to Bali for £1000 a head on the credit card?

Examine your thoughts on this, and seperate media lead prejudice from economic fact and it'll tell you why betting firms are actually pretty recession proof, a bit like chip shops are.

Edited by LeTim on Thursday 3rd January 19:02

I love the veiled tip to invest in Harry Ramsdens.

[guyh]

I got in low with Apple, so keeping those in, touched 200 the other week.

Recently gone into Hikma Pharmaceuticals, promising company looking good for 2008.

[NewNameNeeded]

escargot said:

LeTim said:

g4ry13 said:

ingelow said:

One thing I've been thinking about also is the betting firms (William Hill etc) as I gather they do well in an economic downturn - anyone got any thoughts on that? (I'd be inclined personally to stay away from poker mind you, I think that's been a bit overdone and I can't see it improving in the medium / short term - again all IMO).

Why would they do well in economic downturn? As things get bad, people have to batton down the hatches and are less likely to waste it on excessive necessities in their life. Gambling is one of them and people won't do it as they can't afford to throw away their money.

Interesting what you say about Poker though, i'm inclined to disagree with you on it. The markets in russia and Asia are heavily un-tapped and there's a lot of potential there. Not to mention there will be a presidential election later in the year which leaves a possibility for the repealing of the port act the legislation was attached to.

Whose in debt Gary?

The chavs on council estates taking home invalidity benefits and getting the rent paid, smoking fags all day and wandering down the bookies/ using skybets, who take a trip to costa grotta once a year for £90 a head.

Or the young middle class/ office workers, on £25k a year, with a crumping great mortgage, a car loan, and living beyond their means with expensive holidays to Bali for £1000 a head on the credit card?

Examine your thoughts on this, and seperate media lead prejudice from economic fact and it'll tell you why betting firms are actually pretty recession proof, a bit like chip shops are.

Edited by LeTim on Thursday 3rd January 19:02

I love the veiled tip to invest in Harry Ramsdens.

he's spot on too - the last time the reservations lists began dwindling at the mid-range eateries in London the fish and chip shops queues didn't look any shorter on a Friday night!

[guyh]

coyft said:

guyh said:

I got in low with Apple, so keeping those in, touched 200 the other week.

Recently gone into Hikma Pharmaceuticals, promising company looking good for 2008.

Apple have been rather tasty, as have Google.
Why do Hikma look good?

It's been doubling in size every four years, and is rumoured to be aquiring a couple of new ventures in 2008. It's not my full time job, but mainly a bit of fun, so it will be interesting to see how they do.

[shadowninja]

So... in a recession are the workshy chavs better off? Or does a recession hit them as well? If not, how can I sign on? *goes off to injure himself at local climbing wall to claim disability benefits*

[Vixpy1]

Electrocomponents, if only for the 10% dividend they pay

[g4ry13]

LeTim said:

Whose in debt Gary?

The chavs on council estates taking home invalidity benefits and getting the rent paid, smoking fags all day and wandering down the bookies/ using skybets, who take a trip to costa grotta once a year for £90 a head.

Or the young middle class/ office workers, on £25k a year, with a crumping great mortgage, a car loan, and living beyond their means with expensive holidays to Bali for £1000 a head on the credit card?

Examine your thoughts on this, and seperate media lead prejudice from economic fact and it'll tell you why betting firms are actually pretty recession proof, a bit like chip shops are.

Firstly, you need to define who the main clientele of said betting firms actually are. Take a look around and you'll get an easy answer - high street betting shops are dying and younger people now use the internet for such things.

I never stated debt, I mentioned economic downturn. If house prices fall, then as you know people relate their own personal wealth according to their most expensive assets (usually their house) and perceive themselves to be worse off financially. So perhaps they may cut back on gambling, if anyone's really that interested in betting firms - Ladbrokes have always been somewhat "interesting".

[jsc15]

A guaranteed way to avoid losses on the stock market is to find out what shares I've just bought and then dodge those companies like the plague.

In early 2007 I purchased Jessops, Woolworths, Rank, and DSG, all of which have taken a flying jump off a cliff