The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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shareDeal active is a trading name of Jarvis Investment Management Ltd. My payment to primary bid for CBX appeared on the bank statement as Jarvis Investment.
hi Exeter, you are correct summed up what was in the link i posted nicely. Personally I think people where selling as it had already done 4x 5x rise on the bell,so profit taking was going to happen,also with the poor allocation from the ipo some may have opted out.I know a couple of investors who wanted 100k shares just for a punt and only got 12k,which isn't there type of investing.gl
GreenKitty - you ask "why cash out in Monday x4 with your small allocated IPO shares when you can ride the multi bagger for longer term mostly CGT tax free later?"
The answer that some may give is that they can take a 300% profit now and put that into a share that may return more than CXB will return in the next 6 months. There aren't many shares that do 300% in one day.
Let me ask you a question - do you think CXB from the SP now will out-perform every other share in the next 6 months? If the answer is no then you've answered your original question.
CBX is an aim share in infancy stages with high risks, if you don't realise that yet, you may be burnt. The point I was making unless your IPO allocation amount was worth tens of thousands ( which most on here wasn't), the return is only ball park £1,700 then minus any 20% CGT if you havn't maxed out your annual allowance already £12,300 this tax year. No one could get these IPO shares straight into an isa account. So agree £1,700 minus taxes is a great gain for 1 day, but a drop in the ocean if people are really keen to make money being investors.
I'm not judging anyone who cashes out (profit amount is all subjective to different people), but my point is that there is much bigger pot in the longer term if people have patience. Investing takes time , I don't day trade hence I'm holding these and topping up more when I feel is right for me.
I personally want to see long term 300% on a much bigger holding like £25k+ rather than only based upon £570 initial IPO investment.
Peter Wall is an incredibly smart business man with regular communications, so I am positive we have a strong team to make us all wealthy just like anyone whos into ARB.
I won't deramp and trash a share I'm invested in just to scare investors to sell, like I've read on this board . Nothing wrong with healthy debate but pure de-ramping means no faith in this investment hence why not cash out and move on, not still stay on this BB?
Let's wait until the dust settles next week when all sellers are gone, then baseline what is the accurate SP and take it from there. Steady rises are good for a growing company , and plenty of opportunity to buy more shares.
GLA
GreenKitty - no-deramping from me. What I am trying to do is answer your question as to why people would sell up.
What you are basically saying is that people buying in at the current SP could not do better elsewhere.
Buying in at IPO levels is a great return (and instant profit which is what some were after) - I am confident that my holding in an alternative CBD play (and it's a lot more than £25k) will provide better returns than here in the next 6 months as it is much further down the road and has many strings to it's bow. That's not to say that there aren't good profits to be made here but I'd like to see some positive forecasts before I would invest substantial amounts here as things stand.
FROM tonight's AMA: we are in discussion with two key retailers one that is dominant online and another with a large physical footprint, can't go in to more detail whilst we are in negotiation but really excited. We will support their efforts as well as simultaneously launching our own e-commerce site.
Amazon and Boots I think
Yeah must be..amazing news!