I can't really blame anyone for bailing out at this stage. It has been a nice rise over the last couple of months and many of the long term holders including myself are back in profit after some scary times. Hope these that have sold go on to make some good money elsewhere and maybe even drop back in from time to time to share their thoughts.
I know people that post negative comments have come in for flack from certain quarters but I think it is good to have a balance of opinion. I would much rather have that than some tightly policed BB where only positive comments are welcome. To Dotnova especially - while your posts have pretty much always been negative you gave reasons behind them and up until a couple of months ago were pretty much on the money. Even after the sudden rise - for me the jury is still out on this one.
As for me I'm staying put for the moment. After almost a year and a half I would like to make a bit more profit than I have but I have learned a few lessons and have put a stop loss on just above my break even (140) - I'm off on a well deserved holiday for a few weeks on Monday and will be leaving this one to fate.
From now until easter, there may be no Rights issue or sale of Hovis. Yes Bimbo do have ''deep pockets'' but if the markets genuinely felt that they were about to put there hands into them, the SP would hit £2 by now. The bottom line is next year interest rates are going up, so refinancing before then would be wise. A rights issue would not be affected by a rate rise so much, therfore it may not happen until 2015.
Feel sorry for the fool Fernie (simple as 123), if after 5 years of waiting the share price has moved from £2.82 to 16p like for like. The recent rally is based on rumours of a Hovis sale to Bimbo - great news if that happens. Bimbo do have deep pockets but the Hovis assets are very poor - if the deal falls through, only a rights issue left which will cause the SP to plummet. It could go either way this one.
Been on the PFD roller-coaster for many a grey hair now and as we jogged past my Â£1.55 average I wondered whether to give my ulcer a break and 'git while the gittin is good'. Still here though - I always said I was in it for the long haul so have decided to buckle up and enjoy the ride.
Lots of speculation around rights issues / Bonds / RNS's / Hovis sell-off - but haven't seen or heard anything that you could definitely attribute the soaring price to. But long may it last - GLA you long-termers.
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