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I’m monitoring whether to take up ri which I’m still inclined to do so and after ri I’ll monitor and if I feel things are on the right path I’ll buy more. I am playing the averaging strategy as I’m a longer term investor and not a day trader. If you are day trading and/or short term then you don’t fall into this boat and instead you could cut your losses and go elsewhere. So it largely depends on your on your timeframe and strategy.
Personally I won’t sell a single share and will monitor periodically to see how things go. The volatility day to day won’t impact my strategy. That’s my personal view and plan.
1) take up RI
2) sell current shares
3) sell rights
I’m a medium to long term holder (was my intention at the start). I’m inclined to take up rights issue but not add any more shares here. Sensible or not?
Make sense to take up the rights issue?
Ididn’t add any more like you said in a previous post to me a while ago which was seems to be the right action. I’m in it for the medium term (that was my original investment term) on the basis that flights (Long haul) do eventually recover (even to half the levels of previous years) and the revenue of rolls begins to come back in.
Take it as you will. I wouldn’t listen to one analyst.
The JP morgan analyst is Chris Perry. Here is his performance:
Chris Perry - JP morgan - 35 out of 81 ratings were successful = 42% success rate - Ranked #5,613 out of 6,925 Analysts on TipRanks (#11,870 out of 14,523 overall experts).