Rightmove, Croda, Okta & Chase Cashback Changes!

Playing FTSE

► Get a free share!

This show is sponsored by Trading 212! If you'd like to sign up for an account and get a free share you can do so on the link below! And full disclosure we get one too!

⁠⁠http://www.trading212.com/promocodes/FTSE⁠

► Episode Notes:

Who’s been for a round of jabs this week? Find out on this week’s PlayingFTSE Show!

Steve and Steve are talking this week about house prices, share prices, and bank accounts. There’s a lot to get through!

Starting off, though, it’s been a good week for Steve D, who’s up ahead of the S&P 500. Not such a good week for Steve W – but what went wrong after such a positive start?

Warren Buffett wrote his first shareholder letter without Charlie Munger. And while a lot of the focus is on the role that Berkshire’s builder played in the firm’s development, Steve W is looking elsewhere…

Steve D has been looking – or listening – in a different direction. If becoming an ISA millionaire sounds attractive, then what better way to figure out how to do it than by listening to some that have done it before?

Both Steves currently bank with Chase. There’s a lot to like about it, but is the new cashback programme part of that list?

With cashback now set at 1% on a £1,500 qualifying deposit, the incentives seem to be getting worse and worse. But where else could they store their excess cash?

Rightmove announced earnings at the end of this week. The stock initially fell 4% before launching a recovery to end the day ahead of where it started.

The earnings look reasonable enough, but the big question is what to make of a challenge from a big US competitor. Steve D has an answer – and he’s not convinced…

Over in the US, cybersecurity firm Okta has exploded higher after its recent earnings. The firm has turned profitable and growth looks like it’s going to be strong for a while to come.

Steve D owns this one and Steve W doesn’t. But with a sense of cash flows coming in, could the show’s value-driven investor be tempted to something here?

Croda International has had a difficult 2023 with inventory levels much too high for falling demand in the end markets it supplies. So it’s no surprise profits were down sharply.

There’s clearly a cyclical slump going on, but the question is when will it end? Steve W doesn’t know the answer, but more worryingly, neither does Croda’s management…

Only on this week’s PlayingFTSE Podcast!

► What We Consumed This Week:

► Support the show:

Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse

(All proceeds reinvested into the show and not to coffee!)

There are many ways to help support the show, liking, commenting and sharing our episodes with friends! You can also check out our clothing merch store: https://playingftse.teemill.com/

We get a small cut of anything you buy which will be reinvested back into the show....COMPOUNDING! (you read that in Svens voice right? Did Briscoe mention he got Sven on the show!?)

► Timestamps:

0:00 Introduction & Portfolio Updates!

09:36 Consumption

24:53 Chase Changes Cashback

32:52 5.2% Interest

36:14 Rightmove

52:11 Okta

1:05:04 Croda

► 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

► Wanna get in contact?

Got a question for us? Drop it in the comments below or reach out to us on Twitter: https://twitter.com/playingftseshow

Or on Instagram: https://www.instagram.com/playing_ftse/

► Enquiries:

Please email - playingftsepodcast@gmail(dot)com