Member Info for ahha

Thank you Kullumama, it is enlightening to be made aware of the worst possible scenario. But your arguments look mainly to the past, which is a rather unhelpful way to consider a share. Investors look to the future. The company will soon be under new management, and I am sure they will want to pull out all the stops to make this company successful. My main concern is a general one. When the eventually market plunge happens, all shares fall no matter how strong they are. The only real concern with this share is whether it can simply survive. If it can do that and stay in the race, its a fairly good bet. It is clearly out of favour just now......and may well fall further. But this is what investment is all about. No risk, no pain......to gain!

The price of a share does not always dictate the true value of the share.......sentiment has a more powerful effect. Hence the saying " let the trend be your friend". At present, value stocks are out of fashion. I watch with interest the daily fluctuations of Ceres Power and ITM.....these have been very popular over the last 12 months and if you are a day trader, buying the dips and selling at each rise, creaming off the profit after a rise, you will have done extremely well! But their P/E is now very high....and one day the music will stop on these shares. I've seen it all before during the DOT COM boom! Shares like Card Factory and other companies that make profits and pay good dividends will come back into fashion. I also believe that oils will come back.

As the directors have been buying the shares from £1.09 to 32.5p in the last 12 months, I doubt if they think the company is going to go bust any time soon.

Auson, you have gone a bit quiet. I hope you were not a shorter this past week.

Im not selling if the Directors are'nt!!!

A truly stunning profit of 100% in just one week! I've made enough to pay for my own funeral....at the expense of Dignity! Cheers!
IF is such a big word. If ONLY I had invested 50% of my cash mountain in these shares after the Directors had bought in......I missed a great opportunity! They do not come around that often. But one lesson has been learned...be be patient and watch director buying very carefully.
I think that I will keep these shares now.....and enjoy the dividends. Yes there are rough times ahead, but this is usually a steady , solid, if somewhat boring share. I think £30 is a very long way off.........but it is not unreasonable to see these return to £7........and maybe £15 medium term. Pheonix will need to see at least 100% return on their investment. An investment which am sure was extremely well researched.

Auson, are you still happy you sold out of this company, taking a quick profit? I wish I had hung on to my 80% holding now.......but at least I am enjoying a nice profit in the remaining 20%. I think these shares have further to go......they have hit their bottom at the unbelievable price of around £2.25. The Directors have got back in and what price did Pheonix pay for their holding? I think it was around £6.75 So I predict that we will see those levels again. in the short term, £5.50p for sure!!

Looks like my prediction of a £4.00 -£4.50 share price is to be realized sooner than I thought. Thank goodness I kept my remaining 20% of initial investment. I'm not wiser as to the reason for the sudden rise accept that this share was looking oversold. And it has quite a niche in a somewhat predictable market.....dying will never go out of fashion!

IF these shares are so good, why are the directors only selling and not buying the shares?

On a positive note..........sometimes there is value in being counterintuitive. How many times have I felt deeply that a share was a loser and avoided it only to see one morning a huge unexpected rise?! One thing I must say, is that at least the Directors are consistently buying at these levels.......that is not a bad sign. If only this company can remain solvent....we all know it has massive turnaround potential. When that happens, it will be massive!!! This is a potential 10 banger if there ever was one......but the sector is out of fashion.......and we have a difficult two years ahead.

Really? I thought overseas sales were paid for in the currency of the country. Anyway, all shall be revealed in the next few months.

I am not suggesting that the 50-60p price will be reached next week. But by the end of this year most likely. I did notice that someone is very confident about this share short term, as there was a buy at the close of business on Friday of over 1 million shares. This share has been behaving in such an erratic way, a rise is not out of the question.

As long as ITV does not go bust, it can certainly be a good investment. Its durability as a company has been proved. It is also a good and long established company and in time it could attract a bidder......its just a question of when to buy. I personally want to sleep at night. I do not relish nursing big losses during what may be a long depression. I may dip my toe in when they get to 40p

There was a gut wrenching blip in the price of these shares back in March which was very sobering. It just goes to show that even a solid, well run company, with large holdings in gold can still lose money when a panic is on. It may happen again! However, if it does, I will certainly load up on some of these shares!

Yes I agree, predicting the way this share is going has been impossible, because the share price, as with many other companies, is completely disconnected to the fundamentals. This is what is so deceptive and so frightening about the stock market at the moment. But at the end of the day, it is solid profits that win through! Holding US stocks has been very profitable up until now, because the dollar had been stronger than the pound, but once that goes into reverse, there will be trouble ahead, as with BATS. They are a solid company, but I would not feel comfortable holding them right now either.

yes the UT 2.8 MILLION. But I totally agree with you about the falling dollar, that will definitely affect the share price .

As a long term holder, I very much hope I am wrong, but I would not be surprised to see these shares go to 4p in the near future. Its absolutely madness considering the huge amount of oil this company is sitting on, but I fear things will get worse before they get better. I'm almost past caring. Better to just shove the shares in a draw and forget them for a couple of years!

I see these dropping to £2.50 short term. Long term they will come good.......but not for a year or two.

I've seen all these high hopes of making a fortune in the USA before......a lot of UK firms who pin their hopes on the USA get their fingers badly burned. Often its all a matter of timing. Now is not the time. The USA is facing huge problems, a deep depression, mass unemployment and a much weaker dollar. That will severely affect profits. I also see a head an shoulder pattern on the charts. Short term these shares could go to 60-50p.

Looking at the charts and considering the bear market we are entering, I think these shares, rightly or wrongly are heading for 80p I have a small holding going from way back. I intend to wait before buying any more.