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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Understood Gary. The way I look at it is that I have 11,000 shares more than I did before the crash - I previously bought at £3.60 2 years ago and sold in tranches between £7 and £6. I made enough to replace my roof - and it’s a big roof! I know they could pop out over £5M profit this coming year which will put them on a p/e of 6 at the mo so not worried. I only lose money if I sell at a loss. Cheers
Hi Howsey I agree with your sentiment mate. Hence why i have taken a position. But when does it reach a point where you have to sell and rethink. You have quite a large position here and you must be quite a large sum down by now? You said your average was 2.40?
There are two types of investors - ambulance chasers - pi’s who will do and say anything to try and get into a stock at a lower price - and investors, who have done their research and can see further out than a week and can see rewards in the medium to long term. Unfortunately at the monent we have more ambulance chasers who are shouting loudest and trying to get you to sell your shares to buy in lower. G4M have already said what they are going to do this year to increase margins/profit and I believe them so not worried by the SP fall.
Sadly LETSTRY..., that seems to be the exact situation
Tony, ever the optimist!! Lol. All seriousness though guys, I’ve been extremely interested in this share out of bewilderment if nothing else. One thing I’ve found over the years, don’t try catch a falling share. This is unreal, one how it was at the sp is was not long ago IMO, and what’s happened since with little knowledge of the severity of the actual statement. I can’t see anything bringing this share up at the moment IMO, G4M need to release the figures, get the next over exaggerated drop out the way on the news then rebuild with the inevitable profits on the way. I personally haven’t seen this drop happen before and recover other than BP (oil spill). Every other share I’ve seen this happen to just finish, stay out of the eye and end up hovering around 50p - obviously completely different shares / prospects / industries etc. Just sooo strange. If I were trading this share which I seriously advise against I’d short for now I know that much. I was going to at 2.50, but even knowing what’s happened glad I didn’t risk it. But can someone tell me when they bought in, I assume it was an investment long term!?, Gary, same for you I assume?, or did you expect to trade it again and now obviously it’s turned out an investment?, you saying your average is 1.71, assume that means you’ve brought more on the drop... risky. Gla
Holding at 170 had a feeling this will drop after two days large spread but not bothered...
Hi LTIA I bought in as have been watching since the trading update. I have made money from trades in the 1st week or so following the warning. On all indicators I believe this is due a bounce. My average here is 171p. Let's see still very flat atm. GLA
Gary, sorry mate, just out of curiosity. What made you buy in at this price?. Obviously opportunity, but why when you did?. Not that I’m overly bothered, just intrigued. Cheers Gla
Double bottom ?? 1.65 tested again today and bounced
Market Cap £104M down to £35M....... massive drop. I think we should have a bounce here but 40% required to get back to 2.40!!
It's staggering that after the warning the shares dropped 42% to 2.93 on the 4th January. We have now fallen another 42% to 1.69. The descent of fall seems to have slowed and a bit of resistance now possibly at 1.65. Any chartists out there on next likely move.....
Thanks, I didn’t notice they were showrooms rather than shops.
They are an online retailer with a distribution network so the answer to your question is ‘no’. Cheers
I'm certainly not predicting anything, I certainly didn't predict a fall from 700p in June to 172 in January.
It's fine if you haven't got much at stake. Otherwise, who knows where we are, it's all blind speculation.
Does anyone know whether part of a long term strategy is to open any more megastores ?
Giovanno I'm on side now. Definately no horror stories.
SHARE RULE NUMBER 1:
Never listen to anyone who calls THEMSELVES a genius.
Fair enough, but keep the horror stories to a minimum please, we are not all recent bargain hunters.
Giovanno I did say that but have been in and out of this stock in last few weeks. I think it is very oversold and seems to be forming a base here. We will see...... GLA
Was going to buy a Guitar from these guys next week. That'll help boost sales. Doing my bit :)
Over coming weeks. That'll be a good time to get long
If you thought 125 why did you buy at 172?
Fair play Howsey. I think this share should bounce mate and have some recovery.
£50K at £2.40.