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This share never ceases to amaze me.......................of how poorly managed the business is. Average of 27p from memory. Frankly, I'm past caring with this shower.
Many AIM shares are high risk investments and you should you only risk a small part of your portfolio . That way one loss is never going to hurt you. Also for any of these shares you need a stop loss to get out if it if it falls below a certain point. Either that or some sort of exit strategy if the shares go the other way. Finally, never average down on your shares as you compound your losses when the share is trending down with no reversal in sight. No trading manual would ever recommend doing that. Instead they would tell you to recognise the trend, i.e. go short. Good luck. PS: I've learnt the hard way, as most of us do.
yeahhhhhhh i feel ya. my average is 9 something ha! i would just forget about this one and come back at a later time, thats what im doing...
I once owned several Hillman Imp's (car's), on paper they were great cars. However after the third one, I had to concede that they had an over heating and rust problem. The painful memory of throwing good money after bad still haunts me. My suggestion, is to sit on your shares, have a little faith in broker recommendations and in the spring hopefully all will be well.
Oh dear,, Sat on very big loss here with average million miles away!!!!but I've funds to cut my average down to low teen And tho still miles away,,ha,,havnt got the gonads and confidence but I'm tempted and I don't know why Like a first love.IFL ..wished I'd never seen that cow too Any advice Is sage still around here??reckon he mite dip his toe at this level,,than will defo go bust!!!!!! Divi in 2008!!!!!!! Gona kick the dog.... good look all
Downtrend remains in tact and with more negative news coming out of China the impact is being felt on miners and metals businesses around the world. As for IFL the 4.24p support has been broken so new lows should be expected. NB: The downtrend started in May 2008 at 168.75p. What a fall!
IFL is getting closer to the 4.24p support, level although the shares are very weak at present and no sign of an upturn in sight. I think the prospects for IFL are excellent for a medium to long term trader who wants to tuck this away and let time and the markets do their work. However, the short term performance isn't pretty.
"These are turbulent times in the steel related industries. Ferrochrome is no exception. Good times follow bad times and bad returns. But the industries survive, as they must, and the cycle will revolve, as it always does." COMMENT: For me the upside is the long term recovery in the industry and the fact that IFL has a lower cost base. The downside is the fact that whatever the recovery, China can always flood any market with subsidised product thus causing the market to fall through it's "floor". For me it's a buy, but only for those with a high risk appetite.
That's good, as they must have seen the furnace suspension and subsequent SP fall as a buying opportunity. Now we need some substantive financial performance when they next report and a positive resolution of the court case.
Aberforth increase holding again, up to 12%. I reckon at about 13p average......
Nice to see you're still around.
Sorry to hear that. How many times have I bought a share thinking, "That's the floor", only for it to go lower still.
didnt realise this was doing so baddly, I hadnt checked it for a while. Think i bought in at about 9p
To reach brokers prediction...think I wlll wait for sub 4p before loading up..
I see Finncap (an AIM broker) reiterated their Buy recommendation today with a 42p price target. There's a wide broker opinion on IFL, but their upside forecasts are high which illustrates the potential some see in the company. For all the recent Buy recommendations however, the share price has well and truly tanked.
Agreed, but does this incident affect the fundamentals in the longer term? I don't think so. For some it could be a buying opportunity?
next quarter results sure to be hit by this but by how much? Someone at the DMR might be making life difficult for IFL or might just be box ticking not completed?
That's a very harsh mark down to the suspension.
The Chinese interest rate cut floated all boats (shares) today especially mining shares. IFL benefitted a little, but China's move could be a turning point for the Share Price. The company still has to prove itself financially though before it really motors on and meets the brokers lofty expectations.
Nickel And Chrome Ore Price To Increase In 2015 http://www.investing.com/analysis/nickel-and-chrome-ore-price-to-increase-in-2015-232640
Next quarter should be a record FeCR production quarter for IFL. Their guidance in the broker notes is still FY 2014/15 production of 230kt plus.
I made a mistake pulling out! So back in with a few! Wait and see ........
The value of recent trades in IFL are small change; nothing significant. That tells me there's no real market interest in the shares just yet. However, I believe there will be a turnaround in the medium term and that's one reason why the brokers' share price targets look high relative to today's price. If you have a position here and bought recently then Good Luck!
Good post Stockraider, as money and risk management in AIM are paramount. It's always better to have a well diversified portfolio.