I asked Larry whether he had considered buying a producing asset at last year's AGM. He answered that he didn't see the point in using cash 'to buy an annuity.' The 'investment opportunity' which prompted the placing, presumably, didn't materialise, so I'm guessing the cash has been used on a combination of swill and laid on seven black. At least he has a 'transformational' strategy. The 'transformation' has hitherto been all in the wrong direction from my perspective.
Nice the SP is up in the rarefied atmosphere of the sixes. Some of those who have averaged down might even see a profit at some stage. GLA, especially Wheepo, who either needs to be beatified or sectioned, given his patience, unwavering faith and appetite for risk.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.