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Lile - thank you for explaining.
If you buy 10 shares at £1, the price then increases to £1.5, and you sell 5 shares, your "true" average could be said to be lower, because for the remaining 5 shares you hold the cost to you is now only £2.50, so 50p a share.
I don't personally count my averages like that, but I have seen and heard it done.
You won't be able to!
Lile - maybe I am being really stupid here, so correct me if I am......but if the lowest the share price has been is 51p over the last 12 months.,....then it doesn't matter how high you sell your shares at....your average cannot be below 51p?
Or am i missing something......the lowest average you can have is between the lowest value you have bought for ( i.e 51p and another number - depending on what you have sold at?)
Averaging down by unloading high, buying low - you will achieve an average that is lower than the share price if you can time the swings correctly.
51 was the lowest.
Are you on the right board, never been that low to get such an average
Hi Marybr,
Was this share ever at 23.14p?
How did you achieve that average?
The lowest I've ever seen it was in 2011 at 28p.
My 2023 results could really use a £3 bid on my 80p average...
I can dream 😭
My foray into this 12 months ago at almost a 4 bagger (23.14p avge). Wish I have loaded up more here than many other turkeys like BT.A but philosophy of paper losses are transcient works well in the grand scheme.
Everyone wants 888 but the board say @156p undervalued so stomp up an agreed £3+ bid and end the dance of the 7 veils.
Troisi - is this you starting the rumour for us?lol
Takeover by Entain.
I agree. 1 well placed article at its 120p
Would like a few takeover rumours circulating in the press
Expecting the £1 party again any day soon.
Any successful bid will have to be at a minimum of £2.50
Draftkings and all the rest will not get hold of William Hill, the most famous name in gambling, for less than £1 Billion
Now at 0.49%
Acadian short has been reported as closed, or less than 0.5%
With both shorts and share prices increasing. Possible suitors circling. CEO buying. This could very quickly go crazy. Offer comes in (pribably 180p and rejected), shorts have to close, price could double in a week
If we could hold over 90p over the weekend...gives us something to build on again next week.
Nice Little rise today.
Jefferies names Flutter as top gaming pick
(Sharecast News) - Jefferies has named Flutter Entertainment as its top UK pick in the European gaming sector but has also named London-listed peers 888 Holdings, Entain and Playtech as 'buys'.
In a research report on Tuesday, the broker said it remains positive on the whole European gaming sector for four key reasons.
Expecting this to rally towards the results at the end of March - should be progressing to over £1 and next time it breaches 96p it should breakout.
Buy low 70s trim 90s rinse and repeat Heading towards a sub xero average cost - super trading stock.
I have been tracking #888 for some time. Here is one of my charts. I love the way the SP is currently moving. GL to all investors. https://x.com/SwazersC/status/1754467344884072917?s=20 https://www.tradingview.com/x/vCgZk94v/