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Cobens Direct
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  3. Busy couple of weeks on results front

Busy couple of weeks on results front

Scheduled Pinned Locked Moved Investments and Portfolios
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  • A Online
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    Adam Kay
    Global Moderator
    wrote on last edited by
    #44

    US CPI brings no Surprises, Firming Up Fed Rate-Cut hopes
    CPI, core measure both rise 0.3%, in line with expectations
    Fed rate-cut bets firm up with no inflation surprises
    Rental costs cool but still make up bulk of CPI gain
    Beef, pork, egg prices drive increase in food costs

    Futures up strongly

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      Adam Kay
      Global Moderator
      wrote on last edited by
      #45

      The investment committee met today to discuss the portfolios and the wider market performance. A rebalance will be triggered in the next few days to apply a few tweaks to PHE/T and IML. Whilst the constituents within PHE have not changed, the specific holding weights have, which has driven considerable gains since July/August. PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%. There will be one stock change to IML in the rebalance.

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        dingg
        wrote on last edited by
        #46

        When will the rebalance start, I need to instruct a withdrawal request prior to it happening.

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          Adam Kay
          Global Moderator
          wrote on last edited by
          #47

          Hi G,

          Probably tomorrow. Avoid PHT/PHE/IML if possible

          Regards

          Adam

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            dingg
            wrote on last edited by
            #48

            I'll email you

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              Adam Kay
              Global Moderator
              wrote on last edited by
              #49

              replied

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                dingg
                wrote on last edited by
                #50

                Also replied to you and copied in Nik

                Thanks 👍

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                • A Adam Kay

                  The investment committee met today to discuss the portfolios and the wider market performance. A rebalance will be triggered in the next few days to apply a few tweaks to PHE/T and IML. Whilst the constituents within PHE have not changed, the specific holding weights have, which has driven considerable gains since July/August. PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%. There will be one stock change to IML in the rebalance.

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                  2BToo
                  wrote on last edited by
                  #51

                  @Adam-Kay said in Busy couple of weeks on results front:

                  PHE has now returned a respectable +20%YTD(real time) up from late single digits earlier in the year. IML is at a record at +39% and PHT 51-52%.

                  Woot - PHT up by more than 50%, eh? That was a bit of a milestone, and congratulations are due!

                  Well done to the chaps at IM. Excellent results. Keep 'em coming! 😸

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                    Adam Kay
                    Global Moderator
                    wrote on last edited by
                    #52

                    51.46% at the close and fx at 11.30pm(tomorrows valuation), net of all fees. The benchmark which is the Nasdaq is up 30%. PHT also returned 58% in 2023. Past performance is no indication of future results.

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                      exIM
                      wrote on last edited by
                      #53

                      Impressive numbers for sure, keep up the good work guys ...

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                        SunsetZed
                        wrote on last edited by
                        #54

                        Great numbers guys. Well done and thank you

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                          Adam Kay
                          Global Moderator
                          wrote on last edited by
                          #55

                          Hi all, the Palo Alto split has been fixed and the dashboard up to date

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                            2BToo
                            wrote on last edited by
                            #56

                            Thanks Adam.

                            So the huge drop I've seen this morning is real! 😭

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                              PM3
                              wrote on last edited by PM3
                              #57

                              hmmm.... my PHT went UP a little.

                              I suppose its just because the price fix publshed is before the big falls on US markets . Anyway, usual no loss actually applies, since my only intentions is to add .

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                                2BToo
                                wrote on last edited by
                                #58

                                Ah. Interesting, thanks PM3. My portfolio is now showing a slightly higher number than it was 30 minutes ago. Still down quite sharply on last week though. You're right about the big falls on the US markets; the numbers were firmly down at the COP yesterday.

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                                  dingg
                                  wrote on last edited by
                                  #59

                                  The system calculation occurs after the US market has closed afaiu.

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                                  • D dingg

                                    The system calculation occurs after the US market has closed afaiu.

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                                    PM3
                                    wrote on last edited by
                                    #60
                                    This post is deleted!
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                                      Adam Kay
                                      Global Moderator
                                      wrote on last edited by Adam Kay
                                      #61

                                      The snapshot is at the close of UK and US markets with FX at 11.30pm GMT. The nasdaq fell 3.5% and the fx(USD) gain 1% yesterday,around the thought that rates might fall more slowly, something which was more likely than not. Inflation is still sticky in areas, particularly housing. The Fed has done a good job of engineering a soft landing and the economy is now in Trump hands. It's been doing fine to date and the businesses we hold are thriving, so there is nothing much to see here.

                                      Regards

                                      Adam

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                                        Adam Kay
                                        Global Moderator
                                        wrote on last edited by Adam Kay
                                        #62

                                        It's the end of another busy and volatile week. Just to give you an idea, earlier in the session we were down 100bps in the tech space and now +190bps. A significant swing which only reinforces the buy and hold strategy. What has changed since yesterday-nothing objective.

                                        Have a good weekend all and to those who are starting their holiday period early we all here at Cobens Direct wish you 'happy holidays'.

                                        Regards

                                        Adam

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                                          2BToo
                                          wrote on last edited by
                                          #63

                                          Bravo Adam. Hopefully those numbers will be up tomorrow on the back of that. (And a question I need to ask 'coz I iz well fick: a bps is a tenth of a percentage point, non? Hence 190bps=19%?)

                                          Are you chaps knocking off for Christmas this evening? If so then have a good one.

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                                          The value of your investments can go down as well as up, and you may get back less than you invested.

                                          Cobens a trading name of Astute Financial Management UK Limited is authorised and regulated by the Financial Conduct Authority. Registered Address: 4th Floor Peek House, 20 Eastcheap, London, EC3M 1EB. Registered in England and Wales No. 5850981.

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