I can only go by what I have used in the past. I expect Extreme Greed to go even greedier befor there is a US retrace - S&P is a strange guide at the moment with 8 or so big stocks being the main catalyst imo
Really interesting Richard and some great insights. Have been looking at TEP for a while as a major dividend player and it is meeting many of my criteria.
I like FOXT and feel that their move into greater lettings income is a solid move so even if there is a market downturn/stagnation I'd like to think that the rentals side of the business remains strong.
FOXT is one I held but sold as the results constantly had issues. Guy Gittings comes with a strong reputation fom Chestertons and my research into him is that he's a ruthlerss targets man. I think they will come good, I just think I have found better places to be now.
TEP looks fabulous. On top of the 5% yield the joint CEO's really seem on the ball. The results presentation is worth watching if there is a replay. They are targetting customers who take all 4 onffer products rather than say just electricity. The cost to acquire a one product customer is too much when you can capture a 4 product customer for nearly the same. The business model is well tested and proven. They have just done record earnings by a country mile and with 105p eps forcast this year that's a PE of 16 and a 5% yield. Earnings have genuinely and lastingly re-rated over the past two years but the shares are more than 30% off their high which makes them a screaming buy in my book. Best of luck and obviously don't be influenced by me.
I am not convinced that the Fear./Greed indicator is anywhere near "Greed" in the US as exampled by capital outflows - market volume - amount of funds on the sideline etc etc. Not everyone is participating in the buying.
I can only go by what I have used in the past. I expect Extreme Greed to go even greedier befor there is a US retrace - S&P is a strange guide at the moment with 8 or so big stocks being the main catalyst imo
Thank you Michael
Really interesting Richard and some great insights. Have been looking at TEP for a while as a major dividend player and it is meeting many of my criteria.
I like FOXT and feel that their move into greater lettings income is a solid move so even if there is a market downturn/stagnation I'd like to think that the rentals side of the business remains strong.
FOXT is one I held but sold as the results constantly had issues. Guy Gittings comes with a strong reputation fom Chestertons and my research into him is that he's a ruthlerss targets man. I think they will come good, I just think I have found better places to be now.
TEP looks fabulous. On top of the 5% yield the joint CEO's really seem on the ball. The results presentation is worth watching if there is a replay. They are targetting customers who take all 4 onffer products rather than say just electricity. The cost to acquire a one product customer is too much when you can capture a 4 product customer for nearly the same. The business model is well tested and proven. They have just done record earnings by a country mile and with 105p eps forcast this year that's a PE of 16 and a 5% yield. Earnings have genuinely and lastingly re-rated over the past two years but the shares are more than 30% off their high which makes them a screaming buy in my book. Best of luck and obviously don't be influenced by me.
I am not convinced that the Fear./Greed indicator is anywhere near "Greed" in the US as exampled by capital outflows - market volume - amount of funds on the sideline etc etc. Not everyone is participating in the buying.
Superb stuff .. I tend to ignore the macro side of things but your insight and reasoning makes compelling reasoning
Many thanks Richard