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Buy the dip.

It is interesting. Money seems more and more abstract. But even hunter-gather societies had abstract money - Rai stones, and the story of one falling to the bottom of the ocean only to continue to be traded. No one could see it, touch it but it was still exchanged. The stones were so big they were not physically moved even when ownership changed.
 
In what form though? Actually the commodity or stocks in it.

I am hearing that copper is going to be important over the next few years. Just not sure how to invest in it.

The guys over on the freetrade forum are pretty good. I am still in 2 minds about it all.
The actual commodity.

Just buying and then sitting on it, using the royal mint (there's probably better places).

I have some in coins
https://www.royalmint.com/invest/bullion/bullion-coins/platinum-coins/

and some in bullion
https://www.royalmint.com/invest/bullion/bullion-bars/platinum-bars/
 
Doesn’t the risk of theft or mislaying impact the value? I like the idea of a non-precious metals ETC fund, though, if there is such a thing.
I have mine in the Royal Mint vaults. The Investment VAT on the initial purchase can be a killer depending on your initial outlay. It is most definitely a long term investment.
 
Put it in fine wine at BBR (other fine wine investment vehicles are available).

At least then if the value goes to rooster, you can collect it and drink it all.

My lad got me some port for father's day. Well his mum ordered it for him. Literally by the time she had finished saying it is a 22 year old vintage, I had opened it and poured a glass.
 
My biffa shares have been the best non crypto investment I have ever made.

Chuffed on what was a bit of a punt because of their recycling plants.
 
Anyone exposed to the us sports betting market?

Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

Thinking this is an area worth more of my consideration coming up.
 
Anyone exposed to the us sports betting market?

Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

Thinking this is an area worth more of my consideration coming up.
Our companies are strong because we don't ask if they're money laundering operations for overseas owners. Can't see that being much of a take over target.
 
Anyone exposed to the us sports betting market?

Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

Thinking this is an area worth more of my consideration coming up.

I've never been into gambling but it seems massive here (as well as the UK, nothing to be proud about). Everyone has the apps, the adverts on tv are relentless during sports programmes. Unfortunately (for those addicted and society in general) it definitely seems like a growth sector, which means $$$ for investors. I do wonder whether the whole crypto sector is essentially a grey area between, straight up gambling and investing in stocks.
 
Anyone exposed to the us sports betting market?

Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

Thinking this is an area worth more of my consideration coming up.

william hill has already wisely setup base here, they have taken over many of the "sportsbooks" in Nevada and new Jersey, strange how ladbrokes didnt get involved.
 
william hill has already wisely setup base here, they have taken over many of the "sportsbooks" in Nevada and new Jersey, strange how ladbrokes didnt get involved.

Apparently uk online bookmakers lead the way in technology. Makes me thinks the is huge growth particularly with the fantasy sports games. The is a lot of money out there to be had.
 
Anyone exposed to the us sports betting market?

Our UK based betting companies look ripe for takeovers as we seem to lead the world in online betting (not something to boost about).

Thinking this is an area worth more of my consideration coming up.


Yet another thing I was right about. Draft kings:D;)

The bookmaker behind some of Britain’s best-known gambling brands is in talks about a £16bn takeover by Draftkings, the loss-making US sports betting company.

Entain, whose betting operations include Ladbrokes, Coral and Gala, confirmed it had received an approach from DraftKings which valued the FTSE 100 bookmaker at £28 a share or £16.4bn in total.

It is understood that DraftKings would buy Entain’s non-US assets - including its 1,500 betting shops - leaving MGM Resorts to buy Entain’s 50pc share of its American joint venture.

The move marks the latest escalation in a race to conquer America as the country relaxes a longstanding ban on sports and online gambling.

William Hill was bought by MGM rival Caesars Entertainment for £2.9bn earlier this year. FTSE 250-listed rival Gamesys Group, the company behind Jackpotjoy and Virgin Games, agreed to a £2bn takeover by Bally’s, another US firm.

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The deal would pave the way for MGM to seize control of American joint venture BetMGM, after failing to acquire it in January as part of a wider £8bn deal to buy Entain.

MGM confirmed on Tuesday that it was part of the takeover talks. It said: “MGM will engage with Entain and DraftKings, as appropriate, to find a solution to the exclusivity arrangements which meets all parties' objectives.”

DraftKings, meanwhile, is believed to be interested in Entain’s technology and its non-US brands, including the websites bwin and partypoker.

Entain share price
Day
08:3009:0009:3010:0023002350240024502500Previous close: 2261.0
1 week
23.39%
1 mth
29.69%
3 mths
30.68%
YTD
112%
1 year
-
Last
2398.0
Change
+137.0
+ / - %
6.06%
Time
10:14:26
More share information on
Formed less than a decade ago, DraftKings has yet to turn a profit and is losing about $3.5m a day.

However, investors on the other side of the Atlantic believe it is well placed to capitalise on what will be the biggest regulated gambling market, with large marketing costs required to attract new gamblers.

Entain said: “The board of Entain confirms that it has received a proposal from DraftKings to acquire Entain, the consideration for which would include a combination of DraftKings stock and cash.

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“There can be no certainty that any offer will be made for the company, nor as to the terms on which any such offer may be made.”

Shares in Entain, formerly known as GVC, closed 18pc higher at £22.61.

James Wheatcroft, an analyst at stock broker Jefferies, said: “Both BetMGM and the non-US facing business that ENT has a long runway for growth ahead, supported by differentiated, proprietary tech. We therefore think current Entain investors will likely have high multiple aspirations when thinking about the take-out of Entain.”
 
It is interesting. Money seems more and more abstract. But even hunter-gather societies had abstract money - Rai stones, and the story of one falling to the bottom of the ocean only to continue to be traded. No one could see it, touch it but it was still exchanged. The stones were so big they were not physically moved even when ownership changed.

You are an interesting guy and I enjoy your posts.

I am taking a bit of a beating on my lemonade insurance at the moment but leaving it in there.

Got money in China life which is an insurance company in China which is a 10 year trade for me but I think has a great future.

Same with my rolls Royce.
 
You are an interesting guy and I enjoy your posts.

I am taking a bit of a beating on my lemonade insurance at the moment but leaving it in there.

Got money in China life which is an insurance company in China which is a 10 year trade for me but I think has a great future.

Same with my rolls Royce.

Chinese stocks are maybe cheap at the moment. The government getting involved in tech companies and the debt riddled property company have pull the willies up the market. But make no mistake China has bags of growth to come. When people talk about china slowing down, that’s it’s growth rates dropping to 5%! From 8,9,16% So picking the right Chinese companies should see great returns over the long term.

if I had more time I’d like to learn about day trading certain stocks. Certain smaller companies like Lenovo or Save Airlines seem particular easy to trade and make money over the short term. They both rise and fall so regularly and somewhat predictably too. Happened to be at home and checked prices last week and Lenovo had jumped 10% and then soon after 30%! I sold half the holding (missed the 30% by seconds as I had to call the broker for this stock). Predictably the stock has dropped back again now. But with changing habits and people working from home laptops are in great demand and Lenovo can’t make enough - the worlds largest supplier of PCs.

Stocks like RR or any in the travel sector will have wild swings too. The underlying financials are woeful with fewer people travelling but there is still money to be made as people speculate on things opening up.

I’m not sure where to invest the Lenovo profits. You do need time to consider and research. So I tend to keep around half in managed trusts as well as shares.
 
Rolls Royce make a lot of their money by servicing planes but also now moving into mini power stations.

I like them.

Agree on Chinese stocks, alilbaba look cheap as well at the moment.
 
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