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Well i have only been holding here since the start of sept - thanks to someone mentioning this on the GGP board (may have been mickey1122) only have a relativly small holding but my 100K shares @ 5p are doing quite nicely now - within a month.
I'd need to buy whoever it was (lets just say mickey!) a drink!
I bought a model 3P back in Jan, had so many delivery issues, and then electrical gremlins.. by Feb i rejected it.
Maybe i got a dud but not going to go back to the brand for quite some time.... using my BMW M4 as my daily until i can find a replacement (not that i really drive anywhere at the moment!)
I dont work in the industry but even i know what Petrofac were doing is no different to anyone else in their sector - thats how they all operate - the SFO have just got a bee in the bonnet over this and should have been dropped a long time ago.
Also this SFO case has been going on for how long now? Petrofac have won large contracts since then.. so hardly toxic.
If you are holding then ignore the volatility....
The news from hav comes every 6 weeks or so... just sell after the news and buy back if you want to chance it... i've been tempted to for quite some time.. but never do...
And for the record - 28p to 20p my paper profit is down £400K and you are right thats not insignificant.. but than i am still better off than i was 2 weeks ago!
mapp - i have been saying on here numerous times - especually when the price spikes due to the 6 weekly Hav update that those wild speculations of price are blatent ramping - and get called a deramper/ or i want to drop the price to buy in! (when the last time i bought shares here were in 2018 at 0.86p)
Admittedly i never expected this to go over 20p on the last set of news... but patience is a virtue here.. those that bought in at 25p+ will be rewarded eventually.
Its not!
After news the price has always retraced around 20%.... if this settles around 20p (25p was the Hav price, 28p was due to the GDXJ purchase) that will be great considering the POG has dropped and the market in general is down.
Thats great to hear Matt.
I now recall your post from back then.... and its great to hear you are now doing well off the back of this... the difference a couple of years and 2000% change can make!!
All those rampers who said 3p by friday who’d have known they were onto something - wouldnt it be nice to have this at £3 now!!!
MattyBoy - I remember that Monday like it was yesterday i was 50/50 on selling in GGP as my remaining Carrilion stock disappeared also!
To be honest it was more luck i kept them - and the value that they are worth - is pretty mind blowing when i spend time thinking about it... take for example - mondays peak price at 28p vs now i've lost around £280K!! thats like a another BTL!
But like you said it isnt a loss or profit until you bank it - and in a few months 22p will feel like a bargain price!
Dont often post here - but i’ve held for a long time... some as high as 800 pre SFO which i got lucky and averaged down and sold off for a profit when they hit 500.
Thought i was smart and got it at a ridiculously low (at the time) 380 last year - then covid and now i’ve never seen it to these levels. How low can it go?!
Rates are so low you'd be better off increasing your mortgage and investing the money!
I was mortgage free 4 years ago - then bought another BTL... I something think If i had put that money into GGP when i bought my first set of shares - I could have bought 50m shares!