MunroMan

Robert Davies

MunroMan’s Activity

Yesterday

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 10:44

Re: Miners....A HYP Buy?

I'd like to see some sign that the mining cycle has bottomed out before I add to my existing underwater holdings.

And what do you think the price will be when it is obvious to everyone that has happened?

Ben Graham said that [more]

Mon Jul 27

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 11:03

Re: Miners....A HYP Buy?

This is a fine thread packed with knowledgeable comments, but it is some way from the HYP concept.

Fair comment. I just wanted to point out that the "media noise" about China "slowing" is not correct.

[more]

NL

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MunroMan replied to the High Yield - HYP Practical board. 09:03

Re: Miners....A HYP Buy?

Just because China's economy grows at 6% per annum does not per se mean that its demand for new metal grows at that rate. Whatever the rights and wrongs of this argument that is just too simplistic.

Yes it is. In developed economies [more]

NL

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MunroMan replied to the High Yield - HYP Practical board. 07:41

Re: Miners....A HYP Buy?

If China's growth slides from 9% to 6%, this means (AIUI) that the demand for new metal drops

No, it means demand for new metal grows at 6% rather than 9%.

Rob

Sat Jul 25

NL

Boards Post

MunroMan replied to the High Yield - HYP Practical board. 20:15

Re: Miners....A HYP Buy?

Yes, China's economy is slowing

NO, stop it. China is not slowing.

It's growth rate is reducing from 9% to 6%. it is still growing faster than any other major economy you care to mention.

The world consumes 20 mt [more]

NL

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MunroMan replied to the High Yield - HYP Practical board. 14:41

Re: Miners....A HYP Buy?

My forecast, based on 40 years working in the mining industry (much of it as a consultant on things like commodity prices) is that the current commodity downturn is likely to last for the next several years and possibly up to ten or more [more]

Fri Jul 24

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 20:51

Re: Murray International

This thread is a great reminder that the stock market is a huge distraction for investors.

Rob

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 14:37

Re: Murray International

But it's understandable that given the choice between a known underperformer and what looks like a good past performer, people choose the latter.

It is understandable as you say. In an area where there are few guideposts I guess [more]

NL

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MunroMan replied to the Investment Trusts & Unit Trusts board. 12:54

Re: Murray International

What I, really need to know is whether MYI is worth having at this yield to provide me future income, or whether the good times have really finished. Will we look back in five years and say "I wish I'd bought in then because that Stout fellow [more]

Thu Jul 23

NL

Boards Post

MunroMan replied to the Investment Strategies board. 12:59

Re: Future estimates

Ben Greaham got it right when he said:-

"The essence of investment management is the management of risk, not the management of returns."

Rob

Wed Jul 22

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 14:58

Re: Murray International

In any case, I wasn't asking about the future but for an explanation for the decline in the last couple of months, which is the past, and so your assertion that "there isn't one" is clearly false (although it may not be one that we can [more]

NL

Boards Post

MunroMan replied to the Investment Trusts & Unit Trusts board. 13:51

Re: Murray International

Not sure I can see a good explanation for the decline.


There isn't one. It is hardly news that an active fund manager could not predict the future.

Rob

NL

Boards Post

MunroMan replied to the Investment Strategies board. 12:55

Re: Future estimates

However as a general observation I would suggest that a portfolio that generates a lower yield than your 2.8% may be expected to generate higher total returns, especially if you select companies that achieve and can maintain a high return on [more]

Tue Jul 21

NL

Boards Post

MunroMan posted to the Investing for Income board. 11:08

latest Capita Study

Even with a slower rate of growth in the second half of the year than in the first, there
is still scope to upgrade our 2015 forecast. We increase our expectation for full year
dividends by £600m to £87.2bn, down 10.4% on a
[more]

NL

Boards Post

MunroMan posted to the Investing for Income board. 10:08

And another US Dividend Index

[more]

NL

Boards Post

MunroMan replied to the Investment Strategies board. 07:18

Re: Future estimates

This is relevant to your query.

http://boards.fool.co.uk/how-to-maximise-your-ruin-age-13240...


Rob

Sun Jul 19

Fri Jul 17

NL

Boards Post

MunroMan replied to the Index Trackers board. 16:12

Re: Tracker or not??

The average active fund has a much higher exposure to the mid-caps than passive funds.
But the mid-caps are more expensive so the overall valuation of an active fund will be higher than a passive fund.
So the outperformance has been driven [more]

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