Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
i do very much the same doggo, but i must also have the value, i will be doing a fair bit of racing next year and I'm the same flat only, June July and august best months, i only have a couple of accounts now as had a few shutdown they don't like winners, 365 was a killer for me, but I'm hoping FFWD will reach the winning line in 2020 along with a couple more stocks, GLA
It’s a very sophisticated algorithm that dictates the random results.
I’ve a friend who makes huge amounts on the horses. He puts hundreds of hours of study into the large handicap races (this is the only way to beat the house - when you know more than the house). He doesn’t gamble and if his selections don’t get an advantageous draw and the going isn’t good/good to firm then he doesn’t put his money down. Only bets on the flat and then only a few months of the season. Hasn’t ‘worked’ for 30 years but travels to all the tracks just to watch certain horses without ever having a bet.
It’s a lot like holding FFWD...
When you get to our age you get completely lost with the modern technology. Reading the item on leap left us trying to understand it all. We actually wondered why people bet on virtual gaming as to our initial thinking it would be fixed so a very high % is against the player (like slot machines). As time has progressed we are coming round to think that it may not be fixed. How it works and to what % the game works to we do not know but more and more seem to enjoy it. After years of involvement with illegal street bookmaking, betting shop management and working on the racecourses, as well as years of coaching football, we feel the world of gambling has left us behind. However we were not so daft as not to realise that it is the future, so that is why we invested in something we did not understand. Plus the medical investments along with the Block building and the other things FFWD have put money in to. The BOD were certainly very forward thinking and adventurous , while not very good on communicating, which may have affected the SP, they must be congratulated on their selection of the up coming companies. All we hope is that we may enjoy the fruits of our investment in FFWD. Not so much from the financial side (which we would welcome, as we need to buy another property) but knowing we were willing to invest in something new / modern that we new little about. We do wonder why there were so many sales, but it will be those who bought in without knowing what they had bought in to and sold when things moved south. Patience is the game and you must continue to buy when the price is very low to the latest NAV when it would appear to be out of date and probably much higher. Investing is stocks is like betting, you do it when the % is in your favour. I used to lay all odds on at the courses especially when they should not have been odds on. Loved 5 and 6F, 2YR olds especially when racing at Chester when the favorite was drawn on the outside.
We would like to see the FFWD SP approaching 20p and once some of the investment companies have IPOs we may indeed see that. Ah well back to the sick bed which is the settee in our case. Not been to a casino for many years, loved roulete which had a small % for the house, do not trust them on the telly. Any way you need the atmosphere.
Be nice to each other and be patient and keep adding when the SP is nearly half the NAV