General News
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Mines also not looking it's best at the moment,
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Yeah, if someone can let me know when it's safe to look again...
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It's never nice to see red but as has been said before quality comes back. We are negative YTD however doing far better than others-as has been the case for the past several years.
Cobens tech portfolio is -4.7% YTD
Nadaq circa -10%
Fundsmith -11.5%
Cathy Wood Innovation -15%
Biff Tanner Tech circa -20% to -23%Cobens Tech 1 Yr +45%
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It's never nice to see red but as has been said before quality comes back. We are negative YTD however doing far better than others-as has been the case for the past several years.
Cobens tech portfolio is -4.7% YTD
Nadaq circa -10%
Fundsmith -11.5%
Cathy Wood Innovation -15%
Biff Tanner Tech circa -20% to -23%Cobens Tech 1 Yr +45%
@Adam-Kay said in General News:
It's never nice to see red but as has been said before quality comes back. We are negative YTD however doing far better than others-as has been the case for the past several years.
Cobens tech portfolio is -4.7% YTD
Nadaq circa -10%
Fundsmith -11.5%
Cathy Wood Innovation -15%
Biff Tanner Tech circa -20% to -23%Cobens Tech 1 Yr +45%
PHE?
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Hi O,
PHE is -6.99% YTD
Nest Sharia -4% -
Thanks. Not as bad as I had thought.
For right or wrong, I see PHE as analogous to Fundsmith, but Fundsmith has done significantly badly in the last 18 months. The fact that it's down 11% on the start of the year compared to PHE down 6.99% shows that there are indeed differences.
I have a reasonable chunk in Fundsmith. As much as possible will be coming out as soon as the tax year rolls 'round.
Thanks again for your input Adam
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Futures up almost 900 points and oil plummets 20%
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Bodes well for 'Memory'
Samsung Q1 2026 Results Summary (preliminary)Record-breaking quarter: Operating profit of 57.2 trillion won (~$38 billion) — 8x higher than Q1 2025 (up 755%). This already exceeds Samsung’s full-year 2025 operating profit.
Memory is driving almost all of it
The memory business (mainly DRAM + NAND, including HBM for AI) accounted for the vast majority of profits — estimates put it at ~90-95% of total operating profit (around 54 trillion won). Traditional DRAM and NAND prices have surged sharply due to AI data centre demand outstripping supply. HBM is growing fast but still a smaller portion for now. Non-memory divisions (logic chips, mobile, etc.) contributed very little or were in the red.Outlook: Samsung Expects Continuation for Multiple Years — Samsung views this as the early-to-mid stage of a structural AI-driven memory supercycle, not a short-term spike.Executives have described it as an "unprecedented supercycle" and expect strong AI memory demand to continue throughout 2026 and beyond.
They are actively negotiating multi-year (3–5 year) supply contracts with major customers to lock in demand and manage the long-term shortage.Analysts (post-Q1 results) are raising forecasts significantly: e.g., full-year 2026 operating profit 327 trillion won, and even higher (417–488 trillion won) in 2027. Many see the cycle extending well into 2027–2028.
Bottom line: Samsung’s massive Q1 blowout is overwhelmingly memory/AI-driven, and both the company and analysts expect this momentum to persist for several years thanks to sustained AI infrastructure buildout.
