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Yeah must be..amazing news!
Amazon and Boots I think
so Amazon then...
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.
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.
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 - 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.
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
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.
Hawkes bay. Knb never went up to 60p, stop lying through your teeth.
People do read here man. The highest could be 50p and moreover it was 40.80p on Wednesday the 17 feb 2021
Cbx would do same this week. Vgla
#Green kitty. Why can't you lot use your ISA stocks and shares account as your trading account instead of bed? I use it also as a daily trader. I don't have trading accounts with ii and igindex but only ISA
I invested £20k maximum last year April 2020 and it's now £86k as of today by God's Grace.
Vgla
I heard ShareDeal Active users had their CBX shares in account for the opening bell, may get an account just for PrimaryBid activity.
Agreed. I was waiting nearly 2 weeks for MXC to float. Halifax didn't have them on until the 2nd or 3rd day of trading. The same with KNB. I was really fkn ****ed off with Halifax when I couldn't buy. I will be changing brokers in the near future.
Not ramping nor de-ramping since I'm only recently in this share, but think of bigger picture. Everyone has their own agenda and targets hence I had to read through alot of chat and chaff to make up my own mind . There will always be people who want your shares !
Unless you desperately need to sell -
Don't forget April new ISA tax year is only around the corner! . I'm going to hold then bed and move across these shares to my ISA account and let it ride more . Let's see where we are at the end of year once products launch properly. Bulk of next year allowance already earmarked for my existing ARB shares , but 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? .
DYOR but I think this is one share has huge potential longer term hence I invested. Many potential dips to utilise on the journey.
GLA!
Correct, i’m also with Halifax so fully aware of this. Not a clue why I’m still with Halifax tho!
What's hard to understand here? Some brokers got their clients allocations on Friday and they then sold. Others like myself with Halifax got theirs Friday night. Some brokers are still to collect theirs. Jesus.
Hi, you are correct re no lock in for private investors on IPO. However not everyone got there shares on Friday, sometimes it’s takes days for PrimayBid to transfer shares. So there will be plenty who haven’t had chance to sell yet.
I could be wrong but was there 6000 people that managed to get in at 5p on the IPO at an average of £400. If that is the case do you really think we can drag the SP down if were all to sell. Shouldn’t think so!!
Exeter I get you now you mean the people that were invested before the IPO I think they are locked in for 3 months.
Exeter88, IPO shareholders could have sold on Friday and some did. I think you're confused with a clause that forbids some of the large investing institutions and individuals from selling their pre-market holdings for 3 months.
Angio Prime it didn't show but in summary for everyone "An IPO lock-up is period of days, typically 90 to 180 days, after an IPO during which time shares cannot be sold by company insiders. Lock-up periods typically apply to insiders such as a company's founders, owners, managers, and employees but may also include early investors such as venture capitalists". People were panic selling Friday!!
When you receive your allocation in your broker account you can trade them straightaway.
delete the" this " at the end of the hyperlink. sorry
re. lockup period, https://www.investopedia.com/ask/answer/12/ipo-lockup-period.asp.This gives a better explanation than I would have written. gl