The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
i think you will find i have been here for many many years... i have no reason to deramp - I dont plan to increase my holdings as i have already bagged multiple times over.
The price has increased over the last few days/ weeks which i believe will account for the news tonight.
The usual Buy on Rumour sell on news..... I would love to see this into the 20, 50 even £1 people have touted - as i will retire before the age of 40!! but trying to be realistic here!
Its a risk - but i am still of the opionion that we will see a drop tomorrow following the update... and then a gradual decline into the 7's until more news is announced.
So if you havent got any yet might be worth holding out... but this is all imo.
I have £10K spare from my recent oil shares - i wanted to invest here last week when it was in the 7's - thought it was too high so reinvested in tullow... BIG MISTAKE!
If i had put them here instead i would have been up 30%!
So dont think its too late.. but i also think it will hit a peak before Thursday and then drop on news.
The comment about Richard Branson not payng any uk tax - who is the mug - someone following the law (grey area i know with tax avoidance shemes) or the government for not closing down these loop holes?
I pay my taxes, but if there is a way i can minimise the personal impact to mysef (such as using an ISA) i will.
I also heard about that gov options of wealth raids.. and i think as unlikly as that will be, would be a huge mistake... penalise those who are being prudent and not going beyond their wealth, saving for a rainy day.. vs those that spend beyond their means with lavish lifestyles in a debt driven society.
I have an average of 1.49p... but if i factor total buy and sales i think its close to 0.8p.
So not quite 10 bagger yet.. but my initial £50k buy back in 2017 on a punt doesnt seem so bad now.
Sure had a few ups and downs in that time... (most expensive buy was 2.09p) back in Oct 2017 - Cheapest was 0.6 jan 2018.
Highest sale price (so far) was 2.05p Jan 2019.
If not in a ISA/ PEP/ SIPS just pull below the CGT allowance for profit.
Or marry a foreigner and gift it to them to sell!! The way these have gone up could buy a nice Thai bride for the savings in CGT you'd have to pay!
Not sure why there is all this talk of a takeover?
Without drilling our other 100% owned sites it would be madness for us to sell out - let alone anyone else to come up with a value to make an offer. Also GH has stated he wants to make GGP a billion dollar company (and yeah i know CEO'd often state deranged claims to grandeur!)
The most likely outcome would be for NC to buy out our remaining 30% in Hav and thats that story done and dusted and time for us to focus on Scally.
But then again - i never expected this to go much beyond 6p so what do i know!!
Maybe as i am having a slow work day... but I must have logged in to my account atleast every hour today!
Everytime i do its like another grand there!
And i know its only paper money... but from the bell yesterday to now I have close to £38K more - practically another family car!! If everyday was like this i'd quit my day job!!
I also made a lot of money in SOLG... bought in at just under 2p and sold at 21p although at the time i was kicking myself as it had hit close to 50p in that time.....
Then there was UKOG - within 6 months i had gone from making 35K to selling out at a 2K loss!!
Wish i did have a crystallball... may just sell a million of my GGP stock and consolidate some of my other heavy (oil based) losses
wow dilemma... i always said i would sell at 3p.. that came and went.. then said i would sell at 6p.... and now its finally here... with the compounded Coronavirus issue hammering my other stocks do i pull the trigger?
Now i see the price fly to 6.19 do i set my goal to 7p?!!