The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma 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 have definitely learnt my lessons on HZM.
Going forward with Armadale I sincerely hope we recoup some of our losses, however, I need to keep in mind recouping losses must not be a driver in the decisions made for ACP. I must treat this in isolation, but also, take into account the lessons learnt from HZM. This share would need to get to 10p for me to recover all HZM losses, so I’m not looking at that as a factor.
Unfortunately I can’t offset against capital gains as all my investments were in either my SiPP or ISA.
I have 3 million shares here @ 2.7p. (Not the 3.5 million I said yesterday, sorry I was getting carried away)
Armadale currently is a waiting game. A week, month or a year I haven’t a clue. To be honest it’s so long ago something substantial happened here I’ve forgotten all the details. Too focused on HZM. I’ll need to look at it all over again and work out what is the best here.
Laurie (again off topic here, apologies) I too like Rover saw HZM as the banker and I had something like 40% of my total invested in it maybe later 50% as it was what I was adding the last year or so. What was interesting I was roundly critisized on the board by many when I pruned my position after the first financing round (I didn't like the deal). Which was odd because I wan't bigging the share up to sell, I was pretty neutral/not impressed with the deal.
The lesson learnt is there is no such thing as a nailed on investment and that's applicable to both AIM and main market investments. So diversifying sufficiently to not lose your shirt on one investment whilst retaining enough upside to make money when things go well (nobody invests in AIM stocks for 10% overall return - no point for the risk - lets face it where here for multiples). I was lucky, I still have other investments, and even until a month or so ago I didn't think HZM would go to 0.
The other thing is obviously not to fall in love with a stock, things can change that make a good investment into a less good one. You constantly have to analyse and determine what the exit point is. There's plenty of jaded investors here and I always wondered why they don't sell, they obviously don't need that money too badly. The minimum is always 0, so if you don't believe in mgt / the project its best to take the loss and move on. I am awaiting Blackrock developments here as I firmly believe they have to move first before we can get going then the clock starts ticking on this one.
To Rover's point there are positives here that HZM didn't have. JM took a near 8 figure remuneration from HZM in his tenure without contributing any of his own money to the company. MB here is very different here in this regard and has put in a lot of his own money to making this project. This is one of the reasons I stay invested. GLA
Rover, thank you for your reply, I have no choice but to take the loss and I have to and I am coming to terms with it, it is extremely painful but I will of course get through it. I had HZM as a banker and it had started to restore my faith in AIM as everything was working like clockwork.
I must move on but great to hear both you and Wasa are ok
Lucky,
Thanks, I hope all is okay with yourself and you are able to take the loss on HZM.
At the height of my investments a couple of years ago I had a third in HZM a third here and a third in funds. I was also daft and took a bit out of funds and put it into HZM to average down.
I’m invested here to the tune of 3.5 million shares and I’m down here as well. I was treating HZM as my banker and this as the outsider. After HZM my confidence is shot and haven’t a clue if or when these may come good.
Sorry for the late reply, Dad in Phylis Tuckwell 🙈
HZM has been an awful experience and one I hope I never encounter again, that said I couldn’t afford another mistake like that.
You are soooo right about Hope / Anger etc etc , bloody awful …..
No not invested here, I did have a dabble a while back but I only have one AIM investment left which I will see through then LGEN, VOD & Lloyds all for dividends.
Good luck Wasa & Rover I think we all need & deserve it
Thanks Laurie hope it comes good for you and you get lucky! My point there was really (sorry I know this is off topic here) in October even through to December/Jan I thought a deal could be done, capex looked doable from the information in the public domain. At that sp it felt like risk/reward was worth it then came the bombshell capex numbers and then I knew all bets were off but the holdings were worth the square root of by then. Then you move through the usual hope/depression/anger phases etc all well mapped out in the psychology textbooks then acceptance and you find peace with luck.
Anyway are you invested here? I am waiting patiently a few years now for developments :)
Great to see your extremely measured posts on HZM, unfortunately my name sake let me down in that one so I fully sympathise and understand your positions, I was invested since 2019 and got sucked into the On Time & On Budget stuff and like a fool averaged down & lost more than you Rover and I sold out 2 days ago. There really should be criminal prosecutions for this sort of behaviour but no doubt nothing will ever happen.
Good luck to you and Wasa and I sincerely hope your next adventure helps you both recover some ground.