Rate my SIPP - ITV high conviction

MeteredOut

Juno_Moneta said:

MeteredOut said:

Juno_Moneta said:

Yes absolutely agree - I do have some targets in mind and will take some profits off the table when the time is right. 

Will you be sharing what those targets are ahead of time?

I mentioned on page 1 "My target is a £1m+ SIPP " - which requires a price of around 96p - so first target.

After that to enable the maximum LSA of £268,275, requires a principle of £1,073,100 which requires a price of around 102p - so second target.

Interesting that your first target is based not on the company, but on a purely psychological round figure. And the second target is based purely on a tax bracket threshold.

So, if you so-happened to hold fewer shares, your exit strategy would be a higher price for both.

Seems strange to me that an exit strategy would rely we so heavily on the number of shares I held, not the performance/fundamentals of that stock or general market conditions.

Juno_Moneta

Sure these are just psychological targets - but are i feel possible based on the shares I happen to hold (with less shares as you alude to they would be less achievable, or impossible, obviously) - and should not be assumed to be levels I will close the position at.

Beyond these I would like to see some corporate action around realising the value of ITV Studios - whether that is a partial sale or a merger & separate listing with a holding interest retained by ITV Group.

I could suggest further targets I have in mind based on these company related factors - but then we're getting into my value of the assets vs other peoples value of the assets - and it's not worth the argy-bargy!

pterri

Pension planning by use of vibe based investing is the future

Tucosalamanca

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

Cobbler_tone

Imagine how Elon Musk must feel....

Bostonerimus1

Tucosalamanca said:

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

Ah yes but it's all about those big dividends. The trouble is that companies who have to make investors happy with dividends often do it because capital growth isn't going very well, and money given in dividends isn't available for internal investment to grow the company, it's a downwards spiral.

kempiejon

Bostonerimus1 said:
Ah yes but it's all about those big dividends. The trouble is that companies who have to make investors happy with dividends often do it because capital growth isn't going very well, and money given in dividends isn't available for internal investment to grow the company, it's a downwards spiral.

Making no specific judgement about ITV I thought the premise was that large established ex-growth companies, that tick along profitably in their market place, like utilities, telco, fag companies, the big banks etc are not growing their market share, are not developing new products and have an established businesses throwing of profits with no where to go so reward their owners with income. Dividend paying business are generally well established. It is of course that historically UK shares have a bent towards dividends it's different in the USA; I think share buy backs are employed more for tax management.
We could all find examples of dividend paying shares that have been good investments, non dividend companies that have been absolute dogs. It's not a rule. However a good company well managed whatever it's decisions about distributions to shareholders is a good company and vv.

jimi_man

Tucosalamanca said:

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

Depends at what price he bought them at. Also, cherry picking a three week time spread doesn't really give a great picture. Go back a month from now and the price is no different to now. Go back to November and they were trading at 61.45 pence. Go back a year from now and they were 56 pence. That would make his portfolio worth around £600k then and a year later it is £742k, so an increase of £142k - nearly 25%. Not bad for a year. 

None of this has any relevance - the only thing that holds true is that single-stock investments aren't for everyone and volatility is key here. 

Tucosalamanca

jimi_man said:

Tucosalamanca said:

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

Depends at what price he bought them at. page one - average price around 60p Also, cherry picking a three week time spread doesn't really give a great picture. Only chosen because that's when the thread started. Go back a month from now and the price is no different to now. Go back to November and they were trading at 61.45 pence. Go back a year from now and they were 56 pence. Why not go back three or five years? That would make his portfolio worth around £600k then and a year later it is £742k, so an increase of £142k - nearly 25%. Not bad for a year. How does it compare to a global tracker, one, three or five years?

None of this has any relevance - the only thing that holds true is that single-stock investments aren't for everyone and volatility is key here.

            

Cus

Cobbler_tone said:

Imagine how Elon Musk must feel....

He's telling himself that he's still up 200bn since a year ago, don't time the market, stay invested yada yada..