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Fruitster, I have not heard of this sort of investment strategy before as I don't generally dabble in other shares but nonetheless it is quite fascinating and sounds quite smart as long as the investor stays within their limits.
In your opinion, do you think that this passive/tracker investment has played a part in the current RM share price and do you think that it may have been a contributing factor to the £6.31 spike that we saw in October 2018?
Your usual pointless drivel
OK, whilst I've got the opportunity I'd like to say thanks for your thoughts and posting your views. I think we are seeing a similar story here but others may see things differently. Everyone's entitled to their views however I'm shocked by the amount of people bashing going on. What's the point! I don't chat much on these boards but If I do its only on the shares I'm interested in and If I'm looking /posting its because I want to buy, not because I want to **** someone off.
Thanks Fruitster, I was quite pleased with that trade as I'm rubbish at it generally. I normally start buying shares when they look cheap and then buy more tranche's when they get cheaper and only sell when they rise about 25% from that buy point. Its a strategy that has worked well for me in the past. I was so tempted to sell just before the election result thinking I'm well up here but your comment about 2.50 was part of the reason I held for a bit longer and I'm glad I did. I genuinely believe we will be OK here, UK letters business practically valued at 0 so there is no more downside for me, this is a parcels business now and the only one that can also do letters so we have that as a nice little earner on the side. Post will always be here and it will add to the bottom line. I think the rise up will be gradual unless the USO gets binned or we sell off parts of the business. I also think royal mail needs to make more of their land value assets and numbers of vehicles.
Fruitster has been completely on the Mark several times. I saw his prediction of 2.50 come in and I was thinking it wont go that high but I held on and then sold the majority of my shares at 2.50 as I thought that might be a barrier to further gains short term. I thought RMG would fall back based on the punishing drop we got on the last results and the fact no deal is also a possibility again. I will be buying back in again soon if we get near 2.08 and then another tranche below £2.00 if it gets there but I'm in no rush. Keep up the comments Fruitster and good luck with your investment. I am a long term investor in RMG but I think RMG is ripe for a kicking at the moment so trading it the best I can with 2 small positions currently on hold.
@ Fruitster.
"""I’m on here for daily info and advice."""
So why try to dismiss anything that is posted that doesn't suit your investment?
You claim to have an average of 211p. I have no reason to disbelieve you. Is this a good place for you to invest then?
Your average is only shored up by the dividend. What happens if Mr Back decides to cut the dividend like he did last year?
How much higher would your average have been if the dividend had not been cut?
What is your average without the dividend?
Have you re-invested the dividends to increase your holding? Or are you just re-adjusting your actual investment?
I have a feeling that you may be buying more shares in the not too distant future, just to keep your investment in the positive. Dividend based of course.
I Spy
Fruitster, I'm sure Warren will be flattered by the comparison.
By and large, this is not a forum for sophisticated investors. Some punters are likely to be swayed by the macroeconomic patter and large holding, but of course I don't have to tell you that .
Fruit. There are a number of people here that blow hot and cold. I am "once bitten twice shy" If someone shows you what they are believe them!
There are also some that walk a straight line. You know where you are with them even if you agree to differ. Not mentioning any names because they stand out.
Then there are a handful who are just low life. They stand out also, you just mentioned one who is probably in actual fact a handful of identities on his own. So maybe my "handful" should not include multiple personalities.
PP & Fruit. Listen to the STD he knows everything. I bought the other day @ 117 and you both bought circa 140s. That in the STD world means I am the Messia and you are both pond life. Suits me and no doubt he will acknowledge my omnipotence by return.
Except we know it's BS.
The SP was rising due to various factors and all things being equal your buys should already be making money. It's not equal of course because you can do all the assessments but you cannot be in the mind of those that possess circa 75% of the shares and want more.
Your take on the situation on any given day is we know not to be followed blindly. It's an opinion based on experience but there is still free will. I did not follow that day because I thought it could hit a bump which it did. So this time I was lucky. Keep up the good work, there are many that appreciate the POV.
Sadly PP, you probably do. Why does someone with industry expertise put credence in the posts of an anonymous contributor with no such background and whose RMG share price intuition has to date proved misguided. I hope you don't lose money, but if you do, I hope you learn a lesson.
Oli, I know seems implausible but I was a north Manchester postie with in 2012 a 911 convertible (brand spanking new and bought with real money; no finance). And it was never a secret with my colleagues. I just led a very boring life!
PP, it may surprise you to learn that my previous moniker was GigoloFerrari.......lol......Then I woke up...
I think Fruit is the Messiah! And it’s Postman Porsche btw....even though I’ve sold it and I’m no longer a postman...
I can recall the self -proclaimed financial guru, Fruitster, and only a couple of weeks ago at that, congratulating postmanlada (or whatever his name is) on his latest buy at 2.40 something or other. Indeed, so convinced was Fruitster that this was another great opportunity to once again lower his average s.p, he too once again purchased thousands more himself -- Ooppsss!! Perhaps not quite the genius he would like us all to think he is? Come to think of it...wonder what postmanlada thinks of Fruitsters financial savvy right now? Lol!!