41 mins ago


Occupation: Other

About Me:

Just getting back into shares (mid 2016) after a 15 year gap. Last time it was a pre-internet era and I was mostly interested in biotechs (including British Biotech) but it all ended and I had to go back to work (real work) when I naively ploughed too much into Clubhaus (remember them?) unaware that the huge tangible asset backing (golf courses) that a top UK accounting firm had been signing off year after year was in fact worthless. Of course a month or two before the end everyone knew but small investors.

I expect there are still lies, the special access to privileged information by big investors and the complicity (and ineptness) of accountancy firms but at least the internet and sites like Stockopedia and HL may have helped level the playing field just a little.

Investment Strategy
I trade... monthly
I hold for... a few months
I invest with... <£10k
Diversification is ... a hedge for ignorance
Changes according to my financial circumstances and state of the market. Risk-on last year (2017), with numerous spreadbets, when equities were flying, but now very much risk-off as I get close to the end of my five year mortgage term and want to pay it down.

Shine66's Latest Blogs

When risk-off is the only place to be, perhaps Stock Challenge is the safe place to put all that research on the line and long and short shares without having to risk a penny?For us addicts, reading every day about shares I find myself actually wanting to do somethng, while at the same time telling myself not now, protect capital. Well, if you want to…

Share price of 32.5p; enterprise value of  Utilitywise (LON:UTW) £40.5m. I've recently dipped my toe back in and am considering adding further as a highly speculative recovery buy. For a variety of reasons, presumably including its dismal share price performance, Stockopedia rate this company as a sucker stock. From the interim report for the period to end of Jan 18: Revenue £39.7m Adjusted EBITDA £3.4m…

I find myself continually drawn back to (lose more money with) Utilitywise (LON:UTW) but not today having read this, from transcript of analyst meeting, 22nd March 2018.Unidentified analyst:Can you be a bit clearer on what expectations you're in line with to be clear?--------------------------------------------------------------------------------Richard Stephen Laker, Utilitywise Plc - CFO, Company Secretary & Executive Director [24]Yes. So the expectations that we're talking about are -- and…

After entering the UK Stockchallenge for the first time this year I found myself religiously checking my position in the league table every evening, often before checking how my actual holdings had done. This was competitive investing and with no hiding place. I also entered the monthly challenges a couple of times. With the monthlies, for anyone who hasn't taken part (yet), you can short,…

Last July I wrote about my progress as an everso small micro investor, with just a few thousand pounds to work with, trying to make more than I would save over-paying my mortgage. Here's my end of 2017 note-to-self, as I'm nearly half way through year two of what is effectively a self-run endowment portfolio. Due to the mention of impending c. 50% job cuts…

Shine66's Latest Comments

When crypto was going mental it was clear Plus500 (LON:PLUS) must have been getting totally hammered. Yes, the 'typo' in the following results masked it but did anyone seriously think it was a pain-free period? I based my decision to sell early on, on that basis - and subsequntly missed the tremendous surge in cashflow when the crypto bubble finally burst..

'Given the fact it is located in Israel there will be absolutely no sanctions for management if it does turn out to be a fraud ' On the rare occasion a buisness leader in this country gets sent down for serious fraud they seem to invariably develop Alzheimers and are soon released, only to then make a miraculous recovery and be back in a boardroom…

I don't know if this will help, but here goes:

Like with your discounted car example I find I can only bring myself to buy clothes or shoes etc if they are hugely discounted. But, let's go a bit further than a too simplistic notion of 'anchoring' bias. As we all know there's price and then there's the question of value and they are very different things. If I see a shirt for£10 reduced from…

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