Robotic approach takes gobstopper temptation away



Two alerts pop up within two hours of each other on the same day. Neither bear glad tidings. "Hello Jonathan," says the first, with a disarmingly chatty tone. "You asked us to alert you when the price of Standard Life fell to 231 [pence]."

Yes, yes, so get on with it!

"As at 15:01:47 today the price stood at 230.8p. Best regards, The Share Centre."

Best regards? Bloody robots.

The next lands two hours later - or, to be accurate, seeing as we are in the realm of the distressingly precise, exactly two hours, three minutes and two seconds later.

"Hello Jonathan," it begins, winningly, but this time I'm not fooled and brace myself for the impending disappointment. And, as far as that goes, at least, I'm not disappointed. Legal & General has dipped under the bar I had set at 105p to 104.8p.

And now, of course, further robotic machinations are set in train.

Last week, in a fever of enthusiasm for the newly discovered auto-helm function of my Share Centre trading account, I not only set up alerts to keep me abreast of significant price movements on my shares, I also set in place a series of stop-loss orders - and, I must confess, felt rather pleased with myself.

In the event of a price collapse, I had guarded myself against catastrophic loss by ordering an automated sell on three of my increasingly wobbly stocks. Dumbly, I now realise, I set the bail-out point at precisely the same level as the price alert, which in effect rendered the alert utterly redundant - rather like setting an aircraft's ground-proximity warning to start hollering at ground level.

What I should have done, I now realise, was give myself some room to manoeuvre by setting the alert a little higher than the sale price. Another lesson learnt the hard way.

The result was that by the time I had logged on to my account the software had done its unthinking duty and flogged off Standard Life for 230.7p - missing my target sell price of 231p by 0.3p, an admittedly slender discrepancy but one that makes the oddly chilling point that even robotic software can't always move quite as fast as the market - and Legal & General for 104.8p. Again, a mere - yet nevertheless disconcerting - 0.2p under my target of 105p.

It wasn't all bad news. Good old Prudential had stood its ground, even edging back from the brink of my stop-loss to gain 3p, and of my two remaining stocks was now my most valuable: its 637 shares now worth £4,025.84.

Aviva, on the other hand, had not fared quite so well. Over-optimistically, as it turns out, I had set not only a stop-loss on this stock, at 390p, but also a sell order, should it reach 430p, earning me a profit of 15p per share. Ha ha. In the event, it did neither, settling stubbornly at a middling price of 400.8p; 6 per cent down on the original purchase price. Disgusted, I leave its fate in the hands of the robot.

And then another lesson hove into view. Those two automated sales had swollen the cash column of my account to the tune of £8,424.45, meaning that for a couple of days, while my attention was elsewhere, I had had £8,586.19 standing idle. This is the cardinal sin of trading. Cash in the hand might just as well be cash under the mattress. The whole point is to make your money work, not to give it an ill-earned break.

But what to buy? I gaze at the full FTSE list like a child with his nose pressed to the window of a sweet shop. It all looks delicious to me, but from my brief experience I know that some of those seemingly appetising bull's eyes, gobstoppers and Swizzels Matlow parma violets are almost certainly laced with arsenic, cyanide and hemlock.

In the end, of course, the robot does it for me. One of the many handy search tools on the Share Centre website shows me which stocks have attracted the most "buy" recommendations from the largest number of brokers and, seen in that light, my way becomes clear and I put £2,000 each into four new stocks.

BG Group, the former British Gas, which is now a major global energy player developing new gas and oil fields in the Middle East and Caspian Sea (and, with 12 broker "buy" votes, top of the pops); First Quantum Minerals, a mining company whose share price is currently more than 600p down from the top end of its 12-month range of 3,200p to 5,945p (also 12 votes); BHP Billiton, a multi-minerals mining company, the product of a merger of Australian and South African parentage (10 votes); and British Land, one of the UK's oldest property groups - and we all know what bargains are on offer there at the moment (also 10).

This flurry of trading has left me with a rainy-day cash float of £643.30 and a portfolio value only marginally down on last week - not bad, considering I have just incurred half a dozen trading fees and added four new strings to my bow.

The temptation now is to set stop-losses and sale targets right away, but prudence dictates that I should watch how these newcomers fare for a day or two before handing them over to robotic nursing care. What I will do, however, is set up e-mail alerts to watch for any overly dramatic ups or downs, which inserts a human touch into the decision process. Why should the robot have all the fun?

Some of Darwish's last words

"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008

His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.

THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

Company profile

Company: Rent Your Wardrobe 

Date started: May 2021 

Founder: Mamta Arora 

Based: Dubai 

Sector: Clothes rental subscription 

Stage: Bootstrapped, self-funded 

UAE currency: the story behind the money in your pockets
Last 10 NBA champions

2017: Golden State bt Cleveland 4-1
2016: Cleveland bt Golden State 4-3
2015: Golden State bt Cleveland 4-2
2014: San Antonio bt Miami 4-1
2013: Miami bt San Antonio 4-3
2012: Miami bt Oklahoma City 4-1
2011: Dallas bt Miami 4-2
2010: Los Angeles Lakers bt Boston 4-3
2009: Los Angeles Lakers bt Orlando 4-1
2008: Boston bt Los Angeles Lakers 4-2

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

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%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20synchronous%20electric%20motors%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E660hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E1%2C100Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E488km-560km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh850%2C000%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3EOctober%3C%2Fp%3E%0A
Test

Director: S Sashikanth

Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan

Star rating: 2/5