Suggestions for a speculative punt?

bowlhead99

AnotherJoe said:

hmmm that didnt start well. Started to buy Nio (at a tadge under $15) and got

"Please note that due to current regulations, you cannot place a dealing instruction for NIO Inc ADS Each Repr 1 Ord A SHS in an ISA or a Cash ISA"

They're not eligible to be held in an ISA as the shares represented by the ADS are not traded on a recognised stock exchange. 
I hold a small amount in an unwrapped account.

AnotherJoe

123mat123 said:

Speculative punt... SMT  

Already have it but thanks. There is Polar Capital I suppose & they dont have any Tesla, maybe I'll look at that after Tesla.

Unlikely to pop enough for my purposes though. Looking to see how many times i can double in a year.

Plus, if they werent smart enough to buy into Tesla what else have they missed?

bowlhead99

AnotherJoe said:

123mat123 said:

Speculative punt... SMT  

Unlikely to pop enough for my purposes though. Looking to see how many times i can double in a year. 

I suppose it depends how speculative is speculative, and how much of a pop do you need.  Something to double in five years with chance of failure, could look at bombed-out leisure-related stocks here or in the US, e.g. Under Armour sportswear at under $10 or Wynn casinos under $70.  That sort of return potential is better than usual long-term growth expectations.

But if you need it to double in six months so you can go onto the next one for a whole chain of doubling up - or something that could ten-bag in a decade, then the returns on offer from those are not going to get you excited as they may be too pedestrian.

I only mention those two to make a change from 'tech' - as something doesn't have to be 'the next big thing' to go decently up in value if market conditions are making it look precarious at the moment.

Prism

With my monthly SIPP contribution in April I decided to have a punt on MERI which is invested in late stage private equity like TransferWise, Graphcore, Starling Bank and Hut Group (and some more). Up 55% since then and I have decided to stick with it. 

Prism

DiggerUK said:

On 26th March 2009 the average of the am and pm gold fix was £645........why the need to lie..._

Edit..Picking two more dates off the top of my head with the price now down to £1422 shows that Prism would be 46% up on the £973 when they joined on 04/11/2017, and grumiofoundation would be 27% up on their join date price of £1122 on 12/07/2019..._

Fair enough, that just about pips my equity returns.

Username999

BYD has nearly doubled since March.
Should cheer Warren up some.

AnotherJoe

Prism said:

With my monthly SIPP contribution in April I decided to have a punt on MERI which is invested in late stage private equity like TransferWise, Graphcore, Starling Bank and Hut Group (and some more). Up 55% since then and I have decided to stick with it. 

You may simply have bought into the Covid crash price at the right time. Looks like its back to where it was a year ago or so?

Prism

AnotherJoe said:

Prism said:

With my monthly SIPP contribution in April I decided to have a punt on MERI which is invested in late stage private equity like TransferWise, Graphcore, Starling Bank and Hut Group (and some more). Up 55% since then and I have decided to stick with it. 

You may simply have bought into the Covid crash price at the right time. Looks like its back to where it was a year ago or so?

Oh I did, I don't expect that 50% boost again but I like it for its possible future growth.

grumiofoundation

DiggerUK said:

On 26th March 2009 the average of the am and pm gold fix was £645........why the need to lie..._

Edit..Picking two more dates off the top of my head with the price now down to £1422 shows that Prism would be 46% up on the £973 when they joined on 04/11/2017, and grumiofoundation would be 27% up on their join date price of £1122 on 12/07/2019..._

Edit 2, as it stands £645 was not only the price on my MSE join date, it is also the average price of Digger Mansions pile of  gold today. How about that for cherry picked dates, couldn't make it up if I tried..._

Fair enough - have edited post 

Therefore since 26 March 2009 Gold is up 122%. 

Does that undermine my point? Does that now mean golds return of 122% rather than 100% is now magically better than S and P 500s 415% return? 

I suppose as Prism says you set your own rules - as everyone knows at Digger Mansions actual numbers aren’t that relevant.  

dont_look_now

For a different approach, how about: Costain (COST)?

The price has just dipped below the 60p issue price for the recent placing and open offer, so anything could happen to it in the short term. Meanwhile, the business is now on a sound financial footing, and is pretty much immune from a weak economy, because contracts are with the government or essential utilities.

It's too boring to 10-bag, but it might double, and then you could move on to something else. (The recent share issue vastly increased the share count, so it would be over-optimistic to expect the price to retrace earlier highs.)

I do hold some COST shares. Though not as a short-term punt.