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Its Toast...i cant understand why you need to keep contradicting everything people say, i would suggest you are well under water here yourself.
Many people who have lost money are no doubt like my wife hoping there is a little light at the end of the tunnel however long that may be, people posting reasons why this may recover to some degree are welcome, like i said why you need to reply with in my opinion negative comments doesn't help anybody.
I am not contradicting **everything** here.
I am contradicting statements people make that are false, or most probably false that lead to them investing money they will lose and that may encourage others to also invest money since according to you no negativity is allowd. Though, AFAICS this is "Woodford Share Chat" not "Woodford Ra Ra Go Go Go chat".
If someone writes "I intend to buy share X because A, B & C are correct which means it will go up, are you saying its not allowed to state or even show that A,B and C are incorrect because that will hurt the feelings of, or crush the hope, of soemone who may buy it or has already bought it?
Is it not allowed to contradict someone's belief when they say that (for example) now Woodfords gone the shares will rise?
YOu dont think it will help anyone not to throw good money after bad?
You dont think it will help anyone to tell them not to remain invested as the price falls ?
No doubt back in say March when the price was in the whats 60's or 70's you'd have made the same arguments then ?
If your vision of investing is that whats gone down must go up (which seems to be about as sophisticated as your point is) then you shouldn't be investing at all.
Will you be phoning the BBC to complain about Panorama tonight? The FT for their articles on Woodford?
Do you only want a fluffy group where all comments are ra ra about how its all going to turn out OK?
p.s I have no dog in this hunt, and i hope for your wifes sake it turns out OK (and i hope for your wifes sake she doenst listen to your discussion to buy more!!). I
believe though, for reasons I've posted previously, this stock is going to very low numbers, maybe single figures. I also believe there will be some action to get it shut this side of the New Year or just after because now Woodfords run away, there's no income to run it after his 3 month notice period ends.
So the only income can come from sales. And the only sales will be thinsg that can be sold (duh!) which means its going to be left with the absolute direst lowest value stuff. Things like IH, literally worthless junk. So there's not even hope for a 'moonshot" stock.
SO, after ist shuttered they will sell it and you'll get back dribs and dabs.
NAV creeping down and re valuations are not frequent, some may be months old so it's a share price sub 30 soon and then 20.
I was considering a bet to buy when they are lower though if the NAV is realistic.
We are the same, from 42p we thought of adding to our very very small holding, as we mentioned a few days ago.
We may even see 20ps and even 10ps before it stops going down.
However as we may have said before, there must be some value in the companies they are invested in so at what point do we reinvest? If the NAV is 40p then there could be a nice profit eventually.
We were under the impression that the NAV was calculated by an independent company, but that may be a laugh.
Then we may still be throwing good money after bad with this IT whatever we buy it at even 1p, as Toast suggests. This is a loser we are afraid to say. Just hopeful there may be something of value here. Lets see what happens with new management and we assume a new name and focus.
Better at the moment to add to our FFWD IT where there is a proven NAV nearly double the SP with some of their investments joining the Nasdaq at the end of this year or next year.
£15000 invested after hours, someone must have a lot of faith or know more than everyone else, but perhaps just trying to level out and hoping it will pick up.
£15.08k ..was the uncrossing trade value (16 :35:07)