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Yes. Should have put a buy order in at around 470 myself but not in a position to do so. Brokers website down this morning so couldn't get back in below 530p. Waiting, but for reasons given previously I have to be careful. Who truly knows what is about to happen, market is nuts. Over pessimism followed by over enthusiasm.
GLA
CM
History repeats itself and the no sense plunge is followed by an equally rapid rise... got back in at £4.70, quite chuffed with myself!
update in 2 weeks so I may hold and see what the run up to the announcement is like...
A truly stunning recovery today from its' low of around mid 440s. Finishing up. I'm not sure what I would have done had I been invested still when the share price was down 8% earlier.
Well done those who held their nerve and/or bought in/more. Commiserations to those who bailed, completely understandable.
I've spent much of the day driving South so took no action bar reflect on what was happening re share prices.
Tomorrow is another day.of course.
Truly good luck all
CM
Good evening folks.
Well , I've always known you BT have more **lls than me and of course the very best of luck to you my friend. I have been watching the general market pretty closely very recently and have been getting more concerned (as I usually do!). A vast majority of shares, particularly smaller mkt caps, have been hit not just lately but over the course of the last number of months. I think this has largely gone un-noticed by folk because of concentration on our own shares rather than looking outside of their own holdings. Looking back at my share transactions I can see most of the shares sold are now lower than what I sold out at, even up to a year later (without going into detail), even those that were trading above the price at what I sold out at. Nothing to boast about, timing wasn't great on most but right now timing could have been worse.
Timing? - well, I sold my holdings in GBG yesterday at 518p having seen it suddenly fall from the high 520s. I was very reluctantand it felt like a kick in the pants. BT knows I have done this before and before too long the share price has risen back to over what I sold at. I take that chance.
My circumstances have changed and I may well need as much capital as possible to help finance a possible move of house; I just can't afford to see my capital drip (and more) away. Each to their own of course.
It is important to realise that there is a general sell off across the market right now and the fall in GBG share price is not a reflection on its' quality and potential as a company. There is a great deal going for it. However, with the DOW down over 800 points, over 3% today, there is every chance there is more volatility to come, at least in the short term.
Those of us who have been invested in GBG over the years will have seen these fall backs/sell offs before. Painful at the time. We must all do what we need to do under our own circumstances.
Maka - don't feel you have to log off from this board because you no longer hold. Your views will still be welcome. Your stop loss kicked in pretty quickly, it must have been quite a tight stop loss. I for one respect your decision. Better to take a small loss than see it mount up. You can always re-invest of course when you feel the time is right. As for charts, the ones I tend to use is for general share price movement up to a year to determine any trend and Bollinger Bands; although in times of market volatility and sell offs they seem to be of limited use (just imo).
I no longer have any share holdings here or elsewhere (at present at any rate).
Good luck all
CM
been following this share for a while and been in and out a couple of times. when I sold around £5.40 earlier this year I thought I'd missed the boat and was selfishly gutted when it flew past 600.
this is a cracking company and at this price it's a bargain imo.. with possibly further to fall (as it seems to do occasionally for no real reason) this could be one of those golden opportunities to make hay...
good luck
Hi CM/Maka/PC,
Never nice to see and some will be due to the general state of the market but this is Black Rock, either divesting of a portion of their holding or cycling the sp down only to buy back as we've seen repeatedly over the last couple of years. I have no idea which one applies and we will have to wait and see. This will stop sliding once they've either finished divesting or when they start to accumulate again.
I do believe that charts are useful for general market share cycles but I cannot see how they can give any meaningful information on this acivity. Just my 2p worth.
I have a large holding here and it's never pretty to watch it go south but as I've said many times here, this is no bargain bucket, immature AIM startup, This is a mature business, whose true value is unchanged and whose business proposition is more releveant today than it's ever been. It has a first class BOD.
If BR decide to keep going then we can see low 4's and I'm old enough not to speculate but I'm not selling and I will get more when I think we are starting to turn round.
Maka we all make our own decisions and the folks on this board respect that. I always welcome everyone else's viewpoint and we cerftainly don't have the toxic basnter you see on many AIM boards. As CM says we are friends who enjoy a chat here now and then and we respect everyones point of view. I'm lucky in that I don't need to sell and so I can sit tight. Others must decide what they need to do.
I don't like the way large investors cycle shares down and up these days using bot progarms but it's become a way of life and we have to either get out or live with it. I also don't have an issue with BR selling, whatever they choose to sell. I've sold some over the years and I guess everyone else on this board has too. That's life, nothing is forever and BR have made a very nice profit from this and clearly want to realise some of it.
I didn't see the IC article but whatever it said, I'm sure it was a strong endorsement and none of that has changed. Oh dear another delivery of roof tiles, must go.
Hold the faith guys & best wishes
BT
Stop loss kicked in already so I think we're heading for 400p mark. Of course I hope it doesn't but there aren't any other support lines within the last year now. What a weird share, especially after the IC write up last week.
Another fellow chartist, I don't feel so alone :-) I agree it'll either hover around the 515 mark now or plummet to 400. Either way I bought in at 515 so we'll see.
CM, charting doesn't work for everyone but I never rely on it alone. I put the majority of my decision on 1) the BODs, 2) whether shares are over or under valued, 3) transparency and news frequency.
Good luck everyone.
Another fellow chartist, I don't feel so alone :-) I agree it'll either hover around the 515 mark now or plummet to 400. Either way I bought in at 515 so we'll see.
CM, charting doesn't work for everyone but I never rely on it alone. I put the majority of my decision on 1) the BODs, 2) whether shares are over or under valued, 3) transparency and news frequency.
Good luck everyone.
Appears the SP has bounced off the 0.786 fib at around the 506 level. If we can hold above it, we'll be doing well. If not we'll likely see a greater pullback but being GBG I expect us to be at new ATH's in the next year to 18months at most and any pullback is providing an excellent buying/topping up opportunity.
Really appreciate this discussion board, such a nice bunch of people, who can maintain a level head and discuss other topics outside of the SP.
You are very welcome.
Thanks for your comments, appreciated.
Some years ago I looked into charting in some detail. It never really worked for me. Well, the word "really" doesn't come into it on reflection. And I spent SO much time over it; where did all the time come from?, and what was I missing out on by giving it so much time?.
GBG has had previous times when the share price has dropped dramatically, over 30% I seem to remember over a very short time frame for no apparent reason. Often a fall comes immeidately after results are published. So frustrating and head banging. I've made mistakes in the past selling GBG, only later to buy back in at a higher price. Each time I have sold reluctantly.
One thing you will find on this board that controversial issues such as stop losses can be discussed openly without fear of being put down or ridiculed. I have used them in the past and believe it is a good idea in principle because it takes out our emotion when it comes to selling. How many times have we paused over the sell button because we have got emotionally attached?, or find any reason to hold, "if I sell now it is bound to go up" or "this has got to be the bottom", "market makers are playing games", only to see the share price continue to fall. If we get the sell wrong, we can always buy back in even at a higher price.
Good luck and regards
CM
BT, CM, thanks for the lovely responses. I guess I was expecting loads of chatter about GB but surprisingly very quiet. You are absolutely right though, sometimes it's better to have less in volume and more in quality. I'll buy that anytime. I'm a chartist at heart and it's not really let me down before. Must be the mathematician inside me. I'm holding out for now as I noticed it dropped below the 549 support line from back in August so it will either bounce back up from 515 or worst case 400. I'll buy in at 515 anyway and put in a stop loss just in case. Nice you meet you all.
Best wishes,
Maka
Good evening BT,
good to hear from you. I agree with what you have posted. You must be very laid back to be relaxed at this time; always thought we can learn from you!. These are troubled times at present; the market seems to be looking for demons in doorknobs and/or manufacturing something to drive the market. That is not to say concerns are not genuine. Brexit is still playing on minds but the real cloud is regarding Italy as I have stated below. That is still to come to the surface fully. The Italian government is taking a strong stance against the ECB and the EU, basically sticking 2 fingers up to them, "putting Italy first" and waiting to see their response. Hmm!.
Thanks for your thoughts over Red Rum. I will check the nose bag is full and that her coat is being properly groomed.
Regarding pension. No, I have no intention of deferring my pension, it's time to enjoy the little I will get having saved towards it for 20 years or so, although deferring it is/was an option. Besides my circumstances may be about to change where I will need the 25% of the pension fund I can take tax free. The property I had been looking at 18 months ago has come back onto the market, the old lady having found somewhere else to live after so long, but her buyer fell through. She is desperate to move. Being by myself now I am far from sure I can afford the property but I am putting wheels in motion to check the possibility.
So, I may well be out of the market totally very shortly; if only short term.
Best go just now. Stay well
Regards
CM
Maka, should I still be invested in GBG and the share chat board goes bonkers regarding numbers contributing (if that is the right word) then I will be up and away tout suite. The companies with the busiest share chat boards are usually the most speculative and generally the worst performing ones. Although performance here has been poor over the last month or two it is more a reflection on the general market. GBG goes through these unsettling periods but to date has always recovered.
One of the pleasures of this quiet board is that we can have some off topic chat between us. Bigtosh, Doze and I have been on this board for a long time; years. We have never met yet regard each other us friends, and have as much concern for each others' welfare as the share itself. Infact, priorities are not with the share.
Welcome aboard.
Regards
CM
Hi Guys,
Nice to hear that you are still in here. Blood everywhere atm, most of my shares are in free fall, GBG included. But when we look at the drop here we have to look at the rise from 500 to 600 back in the summer when Kamel came on board.
Some of this is general market reaction but Black Rock seem to be selling (or at least I think they are, when I look at the rns'). But it's probably still heavily influenced by our 'bot' trader simply selling and buying in cycles. Even at 520ish, way down from peak, we are still way up on the 12mth low of 350/400. As always, I'm very relaxed here, There is no change in the value of this business, we just have to accept that many, many shares go through these cycles in the current marketplace.
As you say CM, October is normally very bad anyway and the general market weakness plus brexit and God knows what else is clearly taking it's toll. Not great news if you need to liquidate and my advice, for what it's worth is sit tight and wait for the recovery, which will inevitably come. I truly hope that you see a decent recovery before you need to crystalise your pension. I don't know what flexibility you have to defer doing so until you get a decent lift back up but I hope all goes well.
Glad to hear that our filly is still ok. We all do what we have to do where Mum's are concerned and I'm sure she's still pretty active within the confines of the stable block. Hope all goes well on your next visit.
Not much time right now, site full up with builders, so must go.
Maka, nice to see as new contributor on here. We don't post much because there isn't that much to say. This is imo one of the best shares on AIM, which continues to deliver year after year. It has never issued a bad rns. Dividend not going to make anyone rich but a nice to have and increases every year.. Not many of us on here but quality is what counts..LOL.
Be back later in the week.
Hold the faith guys and best wishes
BT
I'm new to GBG but not to LSE. Where's the following on this one? There's a thousand times more chatter on some micro caps than there is on this one?
Keep an eye on how the below may affect the market. It is what I was mentioning in previous post.
https://www.cnbc.com/2018/10/05/italy-government-announces-brave-and-responsible-budget-2019plan.html
Regards
CM
Still here too. I too have tried to take a break from the boards and try to keep more of a distance from my investments. Sometimes/many a time it can cause too much anxiety following every move. Ideally I would be out of share investment completely, but for the time being I remain invested here and in a couple of other shares. Despite the length of time I have been investing, I STILL make some basic mistakes; like balancing one shares' positive movement against one shares' negative movement rather than just closing my losing position!. Then the positive one starts dropping too!. Twit.
Hoping the market will hold up at least until the end of the year. I have a private pension kicking in at the start of the new year and the value of it very much depends on how the market is performing. The small pension will make a huge difference to me and may well mean I can come out of the market completely.
The market is not good at present. October is known to be one of the worst months of the year for shares, if not the worst for whatever reason. Weighing on the markets' mind is the problem in Italy at present where the popularist government is proposing to raise its' debt to way what is allowed by the EU and basically stating it will do what it wants to do rather than be told what to do. It wants the EU to bail it out of its' current financial problems but the EU hands are tied, feeling if it gives in to Italy then other countries will follow. That along with Brexit concerns still. After more than 2 years you would think we would be nearer a deal of some sort but I am not sure the EU want any deal which will seem beneficial to Britain. What an utter mess.
Back to seeing GBG drift lower again. We've seen it all before of course but each time it is unnerving. 600p seems quite some way away just now. Can't guarantee it will return of course. So many A trades again which always seems to drive the share price down, guess these are algorithm trades of some kind.
BT - good to hear your news regarding the house, and the puppies(or not so puppies!). The move into the new house will be very exciting and well worth it although all the hassle you have had one way or the other may have made you have your doubts I expect.
Re. Red Rum. Well, she is confined to stables these days. Unfortunately she still finds some fence or object to fall at occasionally which is very disturbing. I will be visiting again in a weeks' time for a few days. Although some would see the 320 miles each way as a long way, it is only as long as one makes it or want to make it. Sure it woud be more convenient at half the distance, but I have my priorities and want no regrets when I look back.
Back to dog training in the dark....ugh!. At least last night it was dry and mild.
Better go, matron is coming to put me to bed!.
Regards
CM
Still here Bigtosh though the market is worrying I am still invested as basically fiat currency value is going to go up and down with country fortunes so I am happy and sad along with them. GBG should weather Brexit being indispensable in combating fraud but I think some sort of EU charge will have to come out of the annual fee to EU entities; a good thing they have been spreading their wings.
Hi CM / Doze,
Had a bit of a break from the boards over the summer, a bit like everyone else by the look of it. Looked at sp's from afar very briefly but decided to chill and stay away.
We've held up pretty well here, down from the all time high, but still looking good. 560/570ish is fine by me, taking a little of the heat out of it. I haven't looked at any rns's but the steady fall suggests that someone may be adjusting down a bit or maybe we are simply cycling up and down as we seem to do. Always sobering to look at the 52 wk low and that puts everything into perspective.
Be nice to see some form of Brexit deal which should calm nerves elsewhere. Not sure we're seeing much of an impact here but who knows. Chequers deal doesn't look great but with Parliament (and the rest of us) so split I don't see how any 'stronger' deal, even if there was one, could get through. All a bit of a fudge but I see no other way forward, but that could just be me.
CM, had a great summer here, houses coming on well and everything taking shape. Should be in by year end assuming UK Power and BT do their stuff. Puppies growing up and are truly a part of the family. Completely different personalities but inseparable...and still naughty (but nice).
Hope you and Red Rum are doing well and I hope the dog training has gone well over the summer months. I agree with your post below, it's very easy to get drawn into seductive stories of 'the next big thing' or 'shares about to take off' but there are shares, and this is one of the best of them, that just keep on delivering year after year. This has been a spectacular year here for GBG, even after falling off of the peak but we will climb back up. No better horse to back imo.
Must go, be back shortly.
Take care guys
BT
It truly makes me wonder why I go chasing profits, dreams and rainbows elsewhere when I consider GBG performance over the years?. There may not be the fast acceleration that other shares can offer, but neither does this car suddenly find itself plummeting off the cliff when the brakes don't seem to work enabling me to get out fast before the inevitable crash landing (bitter experience both in the past and present!).
Where's the dog when you need someone to talk to?..........without answering back!.
Regards
CM
all time high of 623p today. Hmm.
Hope all is well folks.
Good luck
CM
Keeping a much lower profile generally, trying to relax far more over my investments.
Still have the good weather to enjoy and trying to make the most of it. No doubt it will all seem a long time ago not too long from now, and be assigned to the history books, as "do you remember the summer of 18?", rather like "do you remember the summer of 76?".
Agree BT, no good trying to change my mother, not that I would want to. I am heading South again after work tomorrow, sleeping in the car en route, to pay a fleeting visit, returning Sunday afternoon. Things are very much up and down. I have to judge things as they are and be prepared to do what is necessary. My investments are at best of secondary importance.
".unlike Jorge, one of our 2 puppies. He hasn't a clue, is frightened of everything he meets and pees all over the place when he gets excited!" Hmm, know the feeling. Not QUITE at the point of peeing all over the place when I get excited......YET!. That may come with a little more age I guess!.
GBG down a bit today. Looks like the algo trades are back, so price may be driven down a bit.
Hope all is well with all
Regards
CM
I don't know about retired Bigtosh. Was treating fencepanels and hedgecutting and lost half a stone- all the sweating in the heat and a weeks work spread out.
England again tonight- hope we lift the cup to help us with Brexit dumps!
GB down 11p today but volume generally higher than it has been,say 6 months ago is a good sign I think.
Hope all is well guys and that you are enjoying the fantastic (at least for those like me who are retired and don't have to work in it!) weather.
GB is holding up incredibly well and after the results peak. Kames will have been accumulating and may still be doing so but great to see nonetheless, I wasn't expecting 600 for maybe 6 months but here we are and long may it continue. 700 here we come...LOL
As you sat Doze, cream does keep rising and particularly so when you see the general mood re trade wars, Brexit, etc. Anyone who says that Brexit isn't impacting share valuations atm is in denial. Not across the board but the large numbers of companies are certainly suffering because of uncertainty and the lack of clarity. This could improve over coming weeks, as hopefully, we get tougher and start to put our side rather than just rolling with the punches.
CM hope our filly continues to mend well. It's funny isn't it how we never think that we ourselves are stubborn but many (most?) of us are and it doesn't improve with age! My mum was exceptionally stubborn, nothing like her son, of course...hahaha. But a strong will, keen mind and a bit of stubbornness is no bad thing as we get older. If my experience is anything to go by, just go with the flow, trying to get your mum to change is a hiding to nothing.
Lovely little story about Sam. I'm sure he did know it was you, these dogs are very intelligent.....unlike Jorge, one of our 2 puppies. He hasn't a clue, is frightened of everything he meets and pees all over the place when he gets excited! We try and keep him calm.....not easy (in fact impossible), they are complete nutcases and into everything. We do indeed love them to bits and would not be without them for one second but kitchen roll and mops are never too far away. We are told he will grow out of it, let's hope so.
Have to go but almost forgot......come on England...bring it on home lads!!!
Take care guys
BT