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Going to 1p a share, absolutely rubbish.
REC up 10% as I type.
I wouldn't consider it a tip, I'm certainly not adding more. It may or may not move up further. It's a solid long term business. I locked a lot of it away with a high yield, so my return is very substantial. In overall terms. I'm not a buyer at the present price.
If you want a tip. Try looking at IXNG.L John Baron has been buying it for long term inflation protection. Something stamps are unlikely to offer as they haven't over the last 30 years. If we do get inflation that could be an issue for the discretionary spending SGI offer, as disposable income gets eaten up.
I very rarely offer tips on any stocks I'm buying. Why would I want to? I'd be more interested in accumulating them at lower prices that have the herd push them up.
Of course REC.L won't appeal to you. You haven't yet realised that buying good companies at a reasonable price is better than buying poor companies at cheap prices. ;) LOL
REC: an interesting tip, Devon - thanks, but you should have recommended it to us here last April when it was 25p. Buying in now is at the top of its trading graph.
However, I will look further into it. Not sure if the shares will rise a lot further, the current price is an all time high.
Excellent results this morning from REC.L hopefully it will support the doubling of the share price over the last 12 months. I've mine locked away with a decent yield. Good balance sheet, unlike here, growth potential with the possible 500m launch of it's ESG fund and market conditions working in it's favour. I'm not adding as I'm over-weight in my portfolio. Lovely little business with newly invigorated management.
Some really great material coming up from a range of old collections specialising in Asia / India / Indian States all of which are red hot areas. An excellent start is clearly being made to the financial year.