Playing FTSE Construction, Technology & Fundsmith Underperforms Again
Who has to try and figure out what to do in the mornings? Find out on this week’s PlayingFTSE Show!
Another week, another outperformance for one Steve. And the other one hasn’t done bad, either…
Terry Smith – known to some as Britain’s Warren Buffett – has released his shareholder letter for the first half of 2025. And the Fundsmith Equity Fund has been losing money.
Chief among the detractors is Novo Nordisk, which has been sold to make way for EssilorLuxottica. But the stocks catching Steve W’s attention are Meta and Microsoft…
FTSE 250 housebuilder Vistry reported earnings this week and the numbers are… not great. But Steve D has some news that has put the stock firmly on Steve W’s list of stocks to buy.
The investigation from the CMA looks like it’s all but settled. And with the stock having gone nowhere ahead of a £39bn government package, is the opportunity too good to miss?
Investors might wonder why shares in Celebrus Technologies jumped 15% this week after earnings. Revenues are set to fall and earnings are going negative in 2026.
That, though, is almost entirely the result of a change in revenue recognition. Steve W thinks a closer look reveals a company that’s doing just fine – and a stock at a decent price.
Steve D has been reverting to type with a South American stock with a name that’s difficult to spell. But Tecnoglass is traded on the US exchanges and it looks very interesting.
With competitive strengths ranging from low costs (due to vertical integration) to a unique product (due to patents) it’s in a strong position. And of course, a balance sheet to match.
Only on this week’s PlayingFTSE Podcast!
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► Timestamps:
0:00 INTRO & OUR WEEKS
5:31 TERRY SMITH
21:01 VISTRY CHECK IN
38:15 CELEBRUS
51:34 TECNOGLASS
► Show Notes:
What’s been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that’s accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy
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This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.