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Share price of phoenix as the other financials in the UK linked to the fortunes of the dow jones the ftse100 cannot think for itself
Its a down day across the board anyway so things do look a little worse in reality than they actually are, this does seem to track the ftse so all in all a good day for re-entry what ever way you look at it
Bargains when it touched 5.05. Onward and upward. I reckon this will start to head back to £6.30 as they are doing really well with their achievments
Profits now re-invested, next purchases will all be sub 500 if that happens keeping average under a fiver with extra shares come summer Div
I am not concerned about the retracement.
I am more inclined to wait for an overall market correction before adding.
If not I'll keep on reinvesting the dividends.
gla
TrekMadone - Wow! 10p on the AIM index.
I'll stick to oil drillers..
(Oooh just noticed, PHNX dropped below 510p...)
For me this is a strong buy on top of those I already hold
Hi Tambo,
Hex is the ticker for helix exploration. It’s a us helium exploration company. Similar to folk chasing he1, I made nearly into 6 figs there trading he1 that now look at it! He1 though has better concentrations but the geo, political refine and licenses + infrastructure are more difficult. Hex could end up with US DOE funding for onshoring critical resources similar to what TRR will benefit from.
Hex is not on the radar yet. Only floated Tuesday. Be warned it could go to 8p but don’t panic add more if it does. Look at the admission doc and see the cash the foundation guys have put in. Also check out the vid on proactive. They are fully funded through two drills else I wouldn’t buy.
Anyways be warned I am straight up saying I will be trading them. I may end up keeping a few but that’s not the objective. I have a table with the price pivot points, costs and warrants. So I will have an idea about cash position and newsflow. Fully intend to sell along the way leaving a few for the drill. But I view averaging in now is being on step ahead ready to sell.
It’s a trading stock. The find like TRR is the one to buy and hold it’s much less risky and loads of growth from various commos across different with a pretty fixed cost base. That’s the sort of place you can sleep easier or better still here with a fat divi getting fatter!
Good luck,
Usual caveats
Trek
Yes Trek
Similar play, as back in drip feeding a position with MnG also and agree could go sub 200s as been there many times now, patience is truly a virtue
Over the odds now.. decision time top up or wait to see if the gap closes all the way down to 493...erm...
WHat's the ticker for HEX? I can't find anything...tried hex.l...
I like the analogy Nick.
I think having a core holding position and trading a few when there is an opposite probably the less risky way with this.
I added mng, Dec and sepl for income and hex for fun. Will be selling hex so not a tip. It’s a trade.
I think I got mng too early. Looks like sub 200p could be on but it will bounce at some point. Yield is going up sp is going down. Madness!
ECB rate decision at 1330 today. Will likely be unchanged
Good day all, the Phnx will rise.
Usual caveats
Trek
Its like skydiving and knowing when to pull the ripcord, Did like some others with a large topslice but dont really care how I get back in, at any of these prices it looks great value
Yeah, 500 would be sweet, but my attention span is limited so I hit the button at 514.xx and went to make some tea..
Hoping to nab this at 500p and below....Another 15p...
Yield is at 10pc at the moment.
There's always MNG to accumulate
Deutsche Bank raises Phoenix 570p , nice
Already had the Div, would now be nice if it dipped further in the next few weeks or months, or go skyward win win either way as this still looks so undervalued
Saw price this morning and was better than I expected so took som off at a tad under 521 to split between SEpL who are double xd soon and cash to put back in here. May add a few more Dec see how it goes but with macro some O&G and gold (TRR) is prob sensible. Plenty of time to sell there and come back for sept divi.
Also if anyone hasn’t been made aware HEX is worth checking out. Looks like a good punt. US helium play. Average in now and sell or slice before the drill later this year. SP should be much higher before drill. But remember protect capitol so don’t listen to the rampers if you double your money which is v possible take half out and buy income!
Still got 15k shares in here at under 500p so holding them. Will hopefully have some trading profits to add back before next xd just before sp runs back up.
Good luck all
Usual caveats
Trek
So far not overdone, snapped a 1000 back under 520 win or lose
I’m holding my shares. Just because I’m holding my shares
I sold mine today because a director has also sold his.
Il prob get back in very soon
This morning which actually showed as a buy just as I was nervous of hotter cpi figures and a subsequent tumble in the states. Think we could get a decent down leg over there which we will of course follow. Market seems awful toppy over there but will be itching to get back in these if we near £5.10 or £5 levels again
Going to add 1000 in the hope after the X-div tomorrow this will start to recover
The more it drops this afternoon the better the chances of a good ex div day tomorrow with bounce momentum.