RichKen17 Jun 2020 17:16
I understand and accept no one on here is giving financial advice, just sharing thoughts and opinions, hopefully with respect and good manners.
Having said that, i'll let you in on my plan, which is to stay here for a rise on news, then use my increased pot to find another bagging opportunity elsewhere. If AVCT gets to 974p i'm sorted. My pension is restored and my mortgage is repaid.
I could wait 5 years for that to happen, but I don't want to cut it close if I can avoid it. Since you've looked into the operations of AVCT in some detail, and you have a read on the benefits each of the pioneering projects will have on the SP, it sounds like I could keep things simple and stay here long term, is that fair to say? My target is £230k and I currently hold 23,590 shares. £10 per share right now seems a stretch, but if they have a few unique product lines with sufficient uptake and good profit margins, it's not impossible. Admittedly, if I don't see the SP heading past £2 by the end of August I'll be disappointed, but I'd like to think more like a LTH. Playing the market on a short time frame has led me to this point, having only a small fraction of my once healthy pension pot left to invest, so perhaps a different approach is called for?
I read your post that included £20 being not unreasonable if all their current projects get to market and are received as anticipated, so that has given me optimism for the future. I previously looked at MrD, among others, for a level headed outlook, but he's had a run of bad luck worse than my own. No one can guarantee the future, we are all guessing, but an educated guess is better than closing your eyes and sticking a pin on the page.
I will follow your take on the day to day developments here with keen interest, and I thank you in advance for generously sharing with us all.
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