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If ANY scribblings on this bb scares/persuades ANYONE to sell their holdings in ggp, well they really shouldn't be 'investing' in any aim share.
Ahh Freddie. Don't ever change. The most entertaining poster on here and a bit of a welcome antidote to the perennial "all is always rosy" posts that actually do clog up the board, IMHO. Have a great Christmas and a hopefully profitable year!
Freddie is one of the few posters with an actual sense of humour. Asks a few of the questions that those with rosy blinkers on refuse to entertain.
I'm astounded by all the negativity/cloak and dagger accusations at Newcrest.
They could (presumably) have revisited the 85m offer once they decided not to go ahead with the 5% option. They could have negotiated a win/win alternative outcome. But instead, decided to simply walk away, leaving their partner in the best possible shape going forward. Maybe overly generous to say they're being 100% altruistic, but they've done us a massive favour.
It just shows you should NEVER trust anyone on a BB Gungi. Google it - far easier. Then you'll see soneone is deliberately lying. The fact we're down 6% may be the giveaway!
CCC - One of the very few I'd trust on any of these BB's. His decency, integrity and commitment shone through during the 'tough times'.....which we're admittedly still in!
I got my stocks and shares account divi yesterday and my ISA account divi this morning from Halifax
"Need £21 a share to break even !!"
Ha, me too!! ORRRR 117 years of 2021's dividends!
It's like the most interminable of groundhog days!
Groundhog day!!!
I got in at around £1.45. Had finger on the sell button when it was over £4 but proved impossible to sell. Then when it dropped significantly from the £4.50 mark, decided to simply wait for the inevitable upcoming sale! One of my many mistakes. Averaged down and then took part in the .82p offer, to significantly average down further to, what I thought was a recoverable level. So had £170,000 in share acc, now worth around £11k and £17k in ISA worth £3k. Need £21 and £7 respectively to break even. To compound things, I had £180,000 in SXX also. Wanted to live a business class life when I could afford premuim economy. Now I'll have an OAP bus pass standard of life.
I break even at £21. And that was WITH averaging down. If I hadn't, would have needed £141. So if you don't mind, I'll give the Emitati party a miss, thanks
I guess one of the many unpleasant lessons I learned from being heavily in SXX and reading a lot of the BB's is the duplicity of some of the more 'informed' regular posters. Very altruistic and displaying significant in depth knowledge of the co, backing it up with research and facts. However, were agenda driven - usually stating with certainty that an event will happen - and showing conclusive evidence to back it up....while doing the reverse of what they advocated. Galas kidney was the worse long term offender as he was very believable although Hub was maybe a bit more obvious. When we got to 50p (just before stage 1 funding), I was going to sell a significant percentage of my shares (would have offset all my loses in GKP - I'm good at this, eh?) but felt there was more to come, as indications were that there could be very little equity involved in fund raising. GK absolutely validated my thinking, so felt more confident about holding off.....however he was already selling out, and admitted doing it later. Just before the death knell, when he said we'd definitely get the elusive funding, those comments, more than my own thoughts/research, made me believe that we wouldn't...sadly proved to be one of the occasions where I got it right on SXX.
Another lesson is never to show too much faith in the proclamations of CEO's. They will always tell shareholders what they want to hear but ultimately, will do what's best for them. SXX CEO always inferred that funding would be a piece of cake. With orders on the books for almost all projected 1st phase production, I believed him. My financial future now is polar opposite to what it was in 2011
Thanks for the 'helpful information' FFC. Given I've been on here and II for over 9 years with this share, I think I know my way around BB's. And I have my own strong opinions so a filter is irrelevant. My point is how vocal you all are to ensure 'the persuadables' only see your side.....and KOH has just proved the nasty end of these tactics. Repetition, repetition, repetition. Me, me, me!
Reason I've posted so few times is that throughout the years, have felt I have little of any interest or use to others. Plenty of others have little of use to add either....but exercise their right to post every opinion and thought ad nauseam.
"There was no real attempt to raise cash from shareholders etc - again we don’t understand why. (If fact this was dismissed by sxx as an option, I remember Bellers spoke to IR about this)"
Tex, I spoke with a director about this in September. He mentioned that I wasn't the first to propose it. They didn't take it forward it as historically, uptake directly from PI's in open offers was comparitively small so they just didn't think a private bond would make any impact. Pointed out that it was a whole different situation when our entire investments were looking as if they could be wiped out....but by that time, they had already decided against even trying it. Another one added to the "what ifs" column!
FFC - 433 posts in 30 days...vote NO
Longtermview - 257 posts in 30 days - vote NO
KOH - 136 posts - vote NO.
None of them are happy with just occasionally saying their piece. No, it's rammed down our throats incessantly, hour by hour, minute by minute. Over 14 posts every single day by one.....just to try to harangue, cajole, bully, manipulate or otherwise 'encourage' you to follow their way of thinking. It's like the SNP YES campaign all over again...focussing on how that scoundrel will get away with his millions. They make it almost impossible to make a decision IF you look to this BB for information. All other input gets swamped by the sheer deluge of their posts. Tried and tested tactic in any vote.
What happens to Fraser et al cannot effect us directly as his wealth or career will make not an ouce of difference to our lives. Schadenfreude or revenge doesn't put money in your bank.
"Honestly chilting
I'm not sure what your remit is anymore ? I have always enjoyed your posts but you seem a little desperate to warn us all here?"
Wow, you are actualy questioning someone who spells out the exceptionally high probability that anyone voting no votes for losing everything. And yet, you proudly advocate voting NO over and over as if you're in some sort of gang who is winning a childing game. "starting to take US siriously"? Really? Voting no means you are accepting wipe-out and any possibility of something better arising from the ashes is in single digit percentages. At best.
For some, it makes no difference to lose the last few remaining money in the post so happy to spite the deal - for many others, it's still vital to come out with whatever is offered. The shafted become the shaftees, to fellow shafteds.
Longtermview24
"My posts IMO ......... they're backed up with rational and reasonable reasoning."
"I'll keep on keeping on until the very last minute to save my investment."
"A no deal means administration is very likely , but it is not a certainty."
Sad that I have to spell out the irrationality of this........his strategy to 'save his investment' is by advocating NO, thus embracing the 'very likely' administration. Whatever way you look at it, his 'reasonable reasoning' is not exactly winning odds. Prepared to lose it all for a tiny chance of coming good.....but constantly badgering those who may not be quite so prepared to come out with absolutely zero to vote the same way for some sort of utopian salvation.
Well you should know the figures better than me......but my sums equate to 306,000 spent. And 207 grand loss at 5.5p. So you've voted no but have to look your wife and daughter in the eye every day.....to let them know that you've potentially thrown away the 99 grand you still could come out with IF you'd voted yes. You have a very strange conscience.
Where is there a 'register' of bonds holders IBAB? I thought that was meant to be confidential?