The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Many shares started well but ended down today, here's why :
https://www.theguardian.com/business/live/2021/may/04/supply-chains-manufacturers-us-uk-mortgage-approvals-ftse-pound-travel-hospitality-business-live
https://www.telegraph.co.uk/business/2021/05/04/markets-live-latest-coronavirus-news-pound-euro-ftse-100/
Yes, I'm in Mars as well as here. I'm staying in both as I do like both of them.
I've also got a small holding in FUL as a punt. Hoping to exit there @ 50p and possibly split the profit I make between these two. That's the plan anyway.
But then, best laid plans and all that!
Have to be patient with this one, it will rise soon enough. Remember buying Marstons at 67p last year watching them drop to 38p and thinking what a mistake, held tight watch them rise and sold out at 73p and look where they are now just under a £1, so I was patient but not patient enough lol ... hold and sit on your hands..
I thought we might see a rise today given pretty good news over the weekend. I'm stuck here with an average of 96p, wondering whether to cut my losses. It just seems ridiculous that it would fall so much from a recent peak of c110 just because the founders want to retire.
I'd question the science behind the 1m+ rule. When you exhale, cough or sneeze, even with a mask on, your breath (micro droplets) is going to linger in the air for maybe 30 seconds or more, extending at least several feet from where you're stood. Even if you're observing the 1m+ rule, in a queue inside a coffee shop for example, you move forward to the next spot on the floor, the person behind you moves forward straight into your cloud of invisible expelled breath droplets. Masks do very little to stop a virus as they can easily pass through the fibres (unless it's hepa grade) - what I'm saying is the damage these restrictions cause businesses are severe and the upside to them being in place is extremely questionable to say the least. The sooner the government gets rid of these ridiculous restrictions the better. If they are axed on June 21st, I think its safe to say share prices will jump strongly on the news. Social distancing in particular is extremely damaging - affecting footfall which in turn affects turnover and profits. Get rid of that and the share price will really begin to motor upwards - back to very near pre pandemic levels.
Am not too worried about the price at the moment the ftse is barely up its just a waiting game.
Lol. I've got more chance of seeing £7 a share here by Christmas,winning both of next week's lottery draws, and bonking Carol Vorderman than cop for the other kind of swinging any time soon.
Thanks for the tip. I don't bother with AIM on any significant level, just the odd little flutter here and there, Nothing to shout about. I have a small punt in FUL at the moment, and hoping to cash in a small profit at some point to add a few extra in here. We shall see how that pans out.
@ CHR155
I'm definitely staying here. I know that you're not supposed to get attached to a share, any share but sometimes it's hard not to, but I do like this Company.
That said, that has not stopped me swing trading it a couple of times in the past and added a few freebies along the way, but nothing to brag about. Although that said, I'm considering selling a few to swing trade a couple of Aim ones I've seen that I fancy for making a return on and then reinvesting it back in here along with the profit for a few more extra ones.
Good luck to you mate.
I bought a small amount at 60p and took my profit out at about 105. When it dropped last week I piled in with a larger amount, I bought at 92p. Obviously disappointed that it has dropped further.
I'll hang on for a little while and see what happens. I'm not the world's most sophisticated investor so am in no way offering an opinion or advice.
Have a good weekend
I'm still here, down on this but it's only a small part of my portfolio so it's not an issue. I lose money on a third of my investments, this may well be one of them.
No mate, I'm still in here.
Hey Chris - I am still here matey - you will have to smoke me out of this share - bit of turbulence short term here then normal service resumed North.
gla dyor etc and good weekend all
The ftse is barely up many company's share prices ain't really traveling upwards at the moment
I'm not too worried about this short term drop in the sp. I think it will recover.
I get why the market has reacted as it has to the news that the founder members of the board have sold off a large chunk of their holding. It is perfectly understandable for this to happen. I also understand why they have sold off. They're not sure exactly spring chickens, they are both in their retirement age group, and I can see why they would want to step back from the business and enjoy some free time to themselves. Had they both been in their 40's I would be concerned enough to be questioning their motives in a lot more detail.
I am a LTI in here, as I do like the Company. I have been known to trade the swings a couple of times here for a few extra freebies, and I have missed a trick here on this but that's just the way it is sometimes.
I'm more than happy to ride the storm here. Those that get the bus to get about will still use the bus.
I can't see all those passengers suddenly ditching the bus and buying cars simply because BS & his sister are selling their holding to retire somehow. I doubt that passengers will care a jot. They'll still just want their bus to take them where they are going.
Early days but it has bounced back as predicted.
CLINTEK,
"This will bounce back tomorrow, over done today. it looks like the big boys agree.
some decent after hour buys."
Why do you post such nonsense?
THRILLER,
"The price is down because the ftse has been down the last week"
Not sure where you get your data from but SGC is down 11% in the last 2 days, the FTSE is up.
Brilliant , will make sure I sell then at 11.10 and buy back at 11.20..
Cheers for the heads up
Do we have any idea when the next tranche of shares will be sold. Ie 2% every year for 10 years or just when they feel like it. Guess they will sell when the share price is up.
Regards
Thanks. After making a healthy profit post Covid, I’ve bought more at this price.
Can anyone explain to me why this having a huge impact on the price? The institution Brian sold to is one where Brian has significant control.
Once the ftse picks up this will move up again like other stocks
The director news landed just as all travel stocks were seeing a retrace which caused a bit of panic and exaggerated the drop. I said yesterday to expect a bit more downward pressure today before you see a reversal.
I had an 86p order which wasn't filled, still a chance tomorrow if markets open down.
What are you classing as overhang?
The 11.6million shares were placed ie bought straight away. They aren’t still available in the market
If you mean “shares still not sold” (which is true meaning of overhang) then you’re waiting 10 years but again these will be placed in a book build
Been skimming through the trades today, lots of pi's bailing out and not much in the way of volume - I added at 88p today and will continue to add on dips - institutions buying director shares at 94p tells you all you need to know imo - London remit is getting cars out of the city and replacing with buses to satisfy the Gov green agenda, this will be replicated all over the country and SGC will be a massive beneficiary -
gla dyor etc