The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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" Fair comment Poker but some investors never like to crystallise a loss as it requires acceptance that you got it wrong and all hope of a recovery dies."
Fallingknife1,
Acceptance that you got it wrong.....YES ...that IS part of the game .....capital preservation and all that.... if someone cannot accept that they got it wrong against THE ENTIRE MARKET..... then ..jeez...hello?
" all hope of a recovery dies"...NO....the belief is ...that you will hopefully sit it out and buy back in further down and recover your losses during the recovery BECAUSE you will maybe/quite likely have MORE shares with your money than you had before ..you can recover a 10% loss...but over 50% ..blimey, you are looking at a 100% SP growth ...
Taking a 10% loss can be the BEST thing ever.....
Cutting the dividend here....well..they have a new FD ..she has no doubt had a say with that recommendation and she is no doubt wanting to get a few things staright in the balance sheet ....and....the business review may well bring out extra costs needed ....that need to be paid out to get things back on track ....It is, until the medium term a good thing .... right decision IMO
A very challenging period ..... interesting though the set up with NEXT
I’m sorry for anyone nursing a loss.
I’m not going to criticise anyone who’s held from the 30s - there’s so much psychology involved in investing and it’s never easy. It invariably looks easy, and SP movements dead obvious, when you’re looking at historical SP movements but at the time it’s anything but.
I’ve been watching this share closely and bought in this morning.
Fair comment Poker but some investors never like to crystallise a loss as it requires acceptance that you got it wrong and all hope of a recovery dies. I have had quite a few of the 99% and 90% club myself but was quicker into the changing rooms with TED when I lost faith in the company. It has clawed back some of the initial fall and probably at these levels it is ironically worth a hold. The erasing of the dividend though necessary is the unkindest cut of all!
" Investors have been royally stitched up here. A SP sinking from £30 to under £3 is a large hole "
Well...you would have to question the knowledge of an investor who was willing to pay £30..and ..clearly with all the selling..there cant exactly be many still holding from £30 down
Anyone sitting with shares bought at £30 has only themselves to blame...I dont think you can seriously say they have been stitched up ...... I mean the sector and market has been pretty tough.... you would have to have been away to the Moon not to have realised that
the Directors get collared this morning. Talk about being suited and booted. Investors have been royally stitched up here. A SP sinking from £30 to under £3 is a large hole that even 10 tailors would be hard-pressed to mend. This could be taken private so might be a case for a small punt but I am afraid given the dreadful SP performance even if you gave this company all the money you had, they would be loking for the shirt off your back next.