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Yes some of the SXX wounded are here!
I can only endorse all that Dave says - for my part, I am hoping and expecting to make up all of my considerable losses on SXX several times over.
I am confident that some investors far shrewder than I have built or are building substantial positions in ZOE, confident of the prospects ....
Under RP’s HNR it was highly speculative and clearly turned out far more than the 80/20 portfolio he said for sure, his costs were out of control, but he was removed and life goes on.
I did more than ok out of SXX, to the point I’m in here big and in big profit, but not selling a bean.
These distribution deals are real, the products are real, they are winning awards with Zoetic and Chill offers a fantastic opportunity for those wishing to give up tobacco and or consume CBD.
They don’t need vast sums of money to get drilling wells or frak or building deep shafts etc like many small caps.
They have products which have proved to sell and the biggest distributors going are taking them to market and stocking their network of shops imminently.
The gross margins are great, the market is there.
One of the distributors has invested £1,187,500 becoming the largest shareholder after Covid started and knowing that we wouldn’t be rolling immediately when they did.
They have shelved all the aspects of RP’s old company and emerged with something special.
It isn’t “oil and gas does CBD” This is now people with 10 years experience in the cannabis and hemp space doing it.
Costs are slashed, it’s an agile and fast growing business model with all the right partners in place.
You do get companies that turn around massively occasionally , this IMHO is one of them.
SXX had a massive overspend, but I think it was and will be a great mine although haven’t bothered to see what AA are doing at the moment with it.
HNR had a massive overspend and that was RP’s fault, but he is long gone, both as an awful CEO and as a shareholder, we can be thankful for that, and a totally different company has emerged.
Fortunately for those that held on here, you get an opportunity to benefit in its growth, unlike in SXX if you held that to the end, I didn’t stay in SXX and I did hold on here, so I’m good. But I know people who lost in both.
Hello Hopeful Dave.
Good to see you here again. I too remained hopeful, but always wary after getting stung by the dodgy goings-on at SXX (how did you get on with those?).
I hope you're right about the £££s. I've got myself into a decent enough position with Zoe now, after buying when it was low to average down to 13p ish.
I was reading an article today on the 52 week high that we've just had, saying that highs like this are mostly maintained and bettered in the long term, but the people who wrote the article still had Zoe down as "highly speculative" ...Didn't read any further as it was one of those where they get you interested, then want to know your life history to become a subscriber.
Do you see this a speculative??
Some brokers will let you bed and ISA without the ISA being fully funded, you’ll still need some extra money in there to cover dealing charges and stamp duty but what you lose on the actual bed and isa itself should be fairly minimal £50-100 depending upon the number of share.
Any capital gains or losses are realised when the stock is sold out of the trading account.
Move some money into the ISA and then perform the buys there and sells back in your f&s account and repeat is what I did with HL.
If you do £20k in one chunk likely to get hit by spread or possibly NT on either sells or buys at the time. Did mine in £5k ish lumps and made a few shares in the process.
There are times when the spread is very very close.
Of course longer leave it, run the risk of shares running into 30’s and above.
Once released into thousands of stores this is going to be in £’s.
Many thanks for the response,I'll definitely be looking to open one just got some questions for the broker firs
Onwards and upwards, bring on the details of our roll out and distribution deals.
BB
All mine are in isas. I lost on my bed and isa. They rebought two days after the sale! Some others I did by selling, waiting for the settlement and buying in my own time. Now I just open one each April and pay in whenever I can till it’s full then my wife uses hers. May change after the budget.
But when the shares hit £10 it will look a good decision
Expensive, because you lose on the trade. I sold in my shares in my share trading fund and phoned up and moved the money across to my Isa. then bought back in. Trouble is you don't control when they sell and you still get hit with the spread.
Try and do it when the spread is as tight as possible
Thinking of opening an Isa to put these into,and was wondering how many other holders have isa's and how they found the "bed & isa" procedure.
Thanks.
BB