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I think that it is much better to be conservative about one's expectations and set a minimum target......than to set the target too high and be disappointed. As you point out, there may be other considerations that will drive the price higher....and if that is the case we shall all be pleasantly surprised!
I have no doubt that the results will be strong.......adding to the desirability of this company!
If they do not snap up this well established brand name now in these depressed markets they will have to wait a long time for a another opportunity and pay much much more...... and they know it!!
It may be a complete shot in the dark of mine.......but several times over my 40 years of stock market investing, a share I held with solid prospects, that seemed to go no where....and actually went down in value for no obvious reason, suddenly received a takeover offer!!! This could be a prime time to sell this company. I'm not ramping, but it is just a thought.
Hi Dem, thank you for your very thoughtful and encouraging reply. I'm very glad I asked the question as your reply has restored my expectations. If only some of the other posters on here were so constructive . 20p will restore my losses.....30p will put me into respectable profit. Lets keep our fingers crossed that there is a favourable result come July.....without any further extensions!!
I have been a long term share holder of RKH and have been sitting on losses for years. I do not live very far from Salisbury. When is the next shareholder meeting? Is it held in Salisbury? an anyone attend? I just want to see the people who run this company face to face!
BY far my best long term investment has been physical gold. I bought 400 sovereigns back in 1998 for £20,000 just a few days ago they were worth £150,000 Yes, there have been ups and downs....and yes, I was fortunate to have bought at a good price....but they have been a good and fairly safe investment and no tax on the profits! I wish I had bought 2000 of them. With the world markets so risky and fiat money becoming more worthless by the month......it does bring a certain feeling of security.
Oh I've got things wrong MANY times in my life time! But fortunately as time has worn on, the times I got things right out weighed the times I got it wrong. In fact the important thing was that I actually learned from my mistakes. I think I agree with you....RIO will certainly be back to £60......and even higher. But has it got further to fall before it gets there?
Though I don't think that Putin is mad enough to go nuclear........I do think opening a bottle of 30 year old malt is always a good idea! Its certainly the correct thing to do when one has had a bad day on the market.
Casapinos, , there is much truth in what you say. But I am retired now and almost 70....I don't have the stomach for nursing large losses and sitting on them for ages to recover. If you have the time and the resources to ride out the storm then fine! A good company like Rio will of course return to value......but my anxiety right now is that we could have a long drawn out wait for recovery....like the ghastly 1970s depression. I don't think I ever want to go through that again! In fact, if we had a repeat of that, I will probably be dead before the tide turns. None of us knows......we shall just have to see how things unfold. I am sitting on a huge amount of cash right now......and I am not exactly altogether comfortable with that.....for obvious reasons.
I wish to thank all those who made constructive comments about my last post predicting that these share will shortly reach £50. I am afraid to say that looking at the charts there could be a much worse scenario!!! I express my opinion not to de-ramp but maybe to alert my fellow investors out of a false sense of security....not just regarding Rio shares......but ALL shares! I've been investing for 50 years.....and I've learnt a lot in that time. Last year and early this year I made some stunning gains......and I'm eager to make more......but I have to remind myself that the good times do not last forever!!! If only making money out of shares was just to do with earnings and the health of the company!!! Looking at the charts and the possibility of a flash crash, it is not beyond the realms of possibility that these will go to £25.......now that really WOULD be a bargain!!
I beg to differ.....I think these shares in Rio will be able to be bought at £50 if not cheaper if you are patient. I see the tale tale signs.....they have already reached a recent top of £61 and everyone is bullish about commodities.....a typical ploy! They are beyond doubt an excellent company to be in ......but that does not mean they will go on rising. Institutions need to sell at a profit to pay pensions. Maybe I am being over cautious.....but lets see if my prophecy comes true before the end of this month!