He is a merchant banker(back ground) not a trader, and we will agree to disagree but I see his public departure as a consolidation move, not a profit take. I would give him more credit than calling him a quick buck man, but if that's the ocean you swim in, you would find it difficult to conceive true wealth and power(over cash profit) good luck all ,great day
they might and its a big might, be "mates" over a beer & meeting each other at cocktail parties and the like......but all these guys have huge egos and argue & disagree all the time and its business. Their job is to look better than everyone else and be top of the mountain. they just don't think like you and to be fair dont take things personally unless you steal their wife/girlfriend
i dont believe you./simple terms 3 mates buy a third stake 1 leaves,....... in human terms , he isnt trying to make his mates look stupid , what he is doing is consolidating and removing weak shareholders,.....watch , the game is only starting!
believe me he cares & worries about every cent. He is a hedge fund manager, enormously wealthy because he would fight with you over every cent. His game is a performance industry and he has to deliver returns to his investors to ensure his next fund raising is successful. His 200-300% is just applied to a bigger number that's all. The rules and discipline are the same for him as anybody else. In my career i have worked with many like him and I would bet several beers if you gave him a choice of strategy or profit he would quickly tell you and not very politely where you could stick your strategy
ross maybe good ,but he dosen't play on the same pitch as small investor's, and his reasons for selling where more to do with strategy than our mortal struggle for pound notes.dont worry your pixyheads trying to see his strategy because money dosent come into it.
Ross was brillant. He knew in his gut that 37/38 was too far ahead of itself and I bet he had every bit of research written by the scribblers and could see the wide divergence of opinions for 2014 and so knew with the BKir history the market would value cautiously & so the run down. Then to add insult to injury he got a big chunk of shares in another great recovery play where he is already up circa 10%
Well different strokes for different folks really. The people you refer to. Many of them type actually do that as a living, and usually get burned more times than they like to admit.
It's always a gamble I suppose, as it's not a risk free investment. But an investment it is, at least to me. I don't do this type of thing as a living. Anyway I do ok, but I had a pile of cash and thought long and hard about this and it's future and went with it.
Many on here made a huge deal on Ross selling his stake. Some people are fickle. Ross was just another investor, he bought 6% of BOI, but was linked to consortiums that purchased 35% of BOI altogether. They still hold their stake. I'm very happy with the price I paid, and I see it more of a gamble leaving my money in a deposit account, while inflation eats it away.
by the way most traders are not gamblers or at least ones doing it for more than 5 mins. Anybody can be wrong but most traders (that are any good) develop well thought out trading strategies be they fundamental or technical or a bit of both. Its too easy to say oh its the gamblers playing when it doesn't go your way. You need to develop a well thought out strategy, see if market agrees and if it doesnt learn to decipher when it agrees and doesnt so you can re-evaluate. Personally, I think investing & waiting years without listening to market but maintaining you are right is closer to gambling.
Same as. I also don't think the gamblers are or will be game changers, but they do have the biggest influence on this pattern of late, coupled of course with the brokers.
The next big changes for BOI is all in the pipeline, but very hard to predict or put a timeframe on. The governments 14% stake will be a big deal once sold, if sold. I'm sure the states involvement in BOI has put many private investors off. The dividend whenever that comes along will also be significant. As I said all these things are coming, and IMO, they will be good for BOI shareholders. Besides this, the banks Health has been improving year on year.
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