You undervalued share opinion

bowlhead99

Thrugelmir wrote: »

Isn't that the issue. Lack of transparency.

Mine is Thalassa. Small company offering a niche product. May take a while to come good.

Heh, I'm not sure transparency of current or future prospects is anything the board of THAL could be accused of either I wasn't completely convinced by the value there and then the drop on results made them cheaper but not necessarily more investible. Could work out OK in the long term of course but the same could be said of many £20-50m companies; like many of them it doesn't seem a bastion of good governance and earnings/asset visibility.

I think there is long term value in VOG (Gas production and pipeline in Cameroon's richest city) after the shares got really hammered from missed targets, dilutive fundraising and a lost court case over the last few years (they had claimed a partner investor had defaulted and lost his working interest in their favour, and it turned out he hadn't...). Generally on the way back up now I feel.

Another one I have a soft spot for is ACHL (Chinese orange plantations) where I've been invested a long time. Poor management decisions / nepotism /lack of transparency, compounded by profit warnings and biological risk factors have really taken their toll... disappointed in myself for not selling more at triple the current price a few years back, and have bought some more on the way down. At the moment the low price is probably reasonable due to the inherent risks and recent management record and maybe should even be a bit lower. But they announce interims at the end of this week and I predict the price will get hit further as they aren't going to be pretty reading. If/when it does, and if there's some glimmer of hope that they've finally got all the bad news out of the way and been honest about it, I might be looking to add as a 5 year value play again.

greenglide

planteria wrote: »

i don't agree with some of the logic re. Tesco. like all FTSE100 companies, they are researched thoroughly on an ongoing basis....but a lot of money is made investing in FTSE100 companies on dips. and the market drags good companies down, and sectors Certainly drag good companies down.
fwiw i think grocery could fall further

So is now the time to buy Tesco;) It certainly wasn't a good buy at the start of this thread!

Hindsight is a wonderful thing!

bowlhead99

greenglide wrote: »

So is now the time to buy Tesco;) It certainly wasn't a good buy at the start of this thread!

Hindsight is a wonderful thing!

But as we haven't had any hindsight (i.e. buying at the start of this thread and holding for 10 years to see what income and gains it delivers) you can't possibly say it was not a good buy at the start of this thread.

What you can say is if it was a good buy at the start of this thread it would be a better buy now at 15% cheaper.

Credit-Crunched

greenglide wrote: »

So is now the time to buy Tesco;) It certainly wasn't a good buy at the start of this thread!

Hindsight is a wonderful thing!

Luck or judgement ?!

I am holding for the 190 entry point, then will average out on 185 / 180 /175 etc if it continues to fall.

bowlhead99

You can buy at 191.4 which is well within a percent above your 'entry point'. If your stated strategy is that their inability to pay dividends represents a good time to invest and wait for their performance to recover in several years time, you might as well just go and buy now. The price is going to bobble about by a percent or so all the time anyway, that's what shares do.