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Well, I think this is the right word? I have just opened a position with JLEN. This could well be a great investment for income or I am buying into a wind down situation. Clearly a punt on interest rates, I also wanted to diversify my portfolio, a small but exciting sector (s) represented here. Am I deranged (again).
Caveat Emptor - for me means I will mostly be shafted when I play in the big Girls and Boys game. My hope for this one still is/was that this would be one of the big winners over the 15 year view I have taken, a rare beast these days. There have been a lot of what seem unfair to small investors in the last 5 years (Avanti or Abcam come to mind just now, but I don't like to dwell on the pain) , but it's the game. I guess it might be time for me to look at collective investments, if as has been suggested here this happens. Meantime I AM VERY TEMPTED TO DO ANOTHER TOP UP, seem really cheap just now for the potential upsides.
What's afoot, something will be announced before open on Monday? Speculation on my part of course.
Yes ! Decided a modest 100000 top up at 1.52p this afternoon. I have stuck with this through thick and thin, so while it seems unclear quite what this is about just now, I take the view that the upside is there. Of course I have been wrong before !!!!
A 37.5% fall in SP denotes to me that there are some who feel there are serious issues lurking behind the trading statement, despite the board reassurances for the medium term.
What do subscribers read into "Our year-end financial close processes have identified some capitalised product development costs that needed to be amortised or impaired, adding £4 million to costs. This is a non-cash item. Approximately half of this is one-off in nature. Underlying operating profit for full year 2023 absent these costs was in line with our expectations"
How bad is the situation really. I do hold, am well under water, some time ago MF did say bail, since I was already in a loss situation I didn't.
Lotm-13. Yes that was me. This was a pot of money from several companies dividends in my ISA. I , as I said feel this was high risk, could have taken the cash out and spent it or just left it there, decent interest rates just now. My investment strategy has always been to be as close as possible to 100% invested though.
Decided to make my twice yearly purchase from accumulated dividends, modest purchase of 3000 odd this morning. To me the price has fallen too far and the latest RNS did not warrant the heavy fall IMHO. Of course it will continue to fall for a bit perhaps but I can't time the market. Sure this is at the high risk end - we shall see.
Walkley,
As you said, tempted, well I decided this morning at 29.5p ish - I remember last time. Anyway a nice multi-bagger for me , now that is a change! Watch it rise over the next month of course.
.....For me. I am still underwater some £4500. This is a very good start to the day. The first contract will need to go well and be in profit, then this could take off as the big boys pile in. Consider how undervalued this has been I can imagine that some or other corporate action could take place and spoil things for me. I am wondering if another capital raise could be on the cards? Hopefully the shorters caught a cold on this one?
Not sure quite what to make of this. Still seems to be Jam tomorrow to me as a long term holder. My aim in supporting this company was to get a rising income stream over time when all the hard work paid off. Reading the threads suggests the hope is corporate activity and a sale. So far, there is no evidence that anybody is circling. Who do you think would purchase the company? How much longer will we wait to even break even, never mind take a profit?
Well the recent falls post RNS are providing for another entry point for a multibagger? OR yet another capital destroying opportunity as these slip to nil value. The current balance sheet is grim, however by Christmas, with some FDA help things could look very different.
I was wrong re Avanti but I have not learnt my lesson from that total loss and topped up here with 50,000 today. Had an impact on the quoted price, seems volumes are low I guess? I am feeling the urge to do further top ups if any sign of life starts to show. This share has the capacity to have wild mood swings, I am gambling on a positive one.
No chance of any corporate action it seems
Good luck to you all
In case anybody still living in hope of some money for shareholders. Page 14 of the administrators document says: "There will be no return to the Companies' shareholders as there will be a material shortfall to the Companies' creditors".
Yes indeed, I have received Companies House notifications that 2 receivers have been appointed, "details to follow".
So - that's that dream dead. At least my holding of 100,000 will be of use in any capital gains calculations, about £3,800. So may be of some use sometime. Best do it before election (no matter which parties), because they will need to target CGT to raise some of the £400bn. Need to look at this back through history and see if I need to learn lessons here. I might have lost a bit, but some have lost millions.
Oh stop it you two. Here we are on the verge of a significent breakthrough - they publish accounts (and fudge another going concern claim), or do not publish accounts and declare the end. Meanwhile all you two can do is bicker. Not nice over the corpse of Avanti is it?
For disclosure I am long on AVN (100,000). Why I ask myself?
Hello, have read H2 end to complete de-merger, anybody got a date before which I should sell. I have not kept my eye on things, after reading this morning, I am minded to sell PRU intact.
Thanks
I topped up on 23/3/21 at 104.59p (with costs) - it fell and has kept falling loss now at 7 % today at 97.3p. OK so I get the dividend but of course not much use if the SP falls away is it. My first buy is now 16.25% down, currently both holdings amount to 6.6% of active portfolio, perhaps a bit high but I wanted this to be a core holding. Looking at the SP graph, it gently is declining south.
Is there to be a bounce or is this trend going to continue, if so I guess cut losses? I have read that this decline is due to lower demand and cheaper oil (but that trend has reversed). I did expect the trendline to reverse, hence the top up. Is there something I am missing?
At last this is moving again, I expect to see at least 42p by spring. Still even then a long way to go before Schroders earn some fees, as I said before, they know what they are doing. A good time to open position or top up IMHO. I have 2 significant (for me) holdings showing big losses but intend to stay put rather than top up.
I still think despite these losses this trust helps me have a balanced portfolio, it will come right.
So is this a year end lift or a netting off the books.? Or has somebody/corporate action leaked out and when opened next week this will continue? I have often read that the free float of shares is small so exaggerated SP moves result from quite small volumes.
Still a pleasant way to end the year for those who did a punt this morning. I looked at it and decided with already holding a significant (for me ) amount I would not take part. Still 25 - 50% in a morning must be a great feeling.
Just stay safe so you can spend it boys and girls, but I bet the private parties have started in the city right now.
100,000 here. As some stage I expected a consolidation perhaps 1000:1 even. The small shareholders like me are actually irrelevant to the company, perhaps a small irritation. Over time Jenkins will be moping up, the big holders adding to theirs. The ex bondholders still expect to get a return hence they saved the company. At some stage it will either go bust or be sold - we might get a tiny amount per share perhaps 10p? This is some way off and the company must be profitable first, that actually looks less likely each year to me.
I am just siting on my hands on this one, I consider this be be a total loss, for that's what it is in reality, but I hang on in part to be a very small bug in the big ocean. Might use any capital losses for CGT purposes in two or three years time, by then the future will be clear for our company.
As you say a lesson learned, well actually several lessons !!!!!!
I am not going to give JP Jenkins the pleasure of making a big return on my holding (relative accepted).
"What are your thoughts chaps?"
I think this is yet another of my holdings that is going to go bust, I did subscribe to the rights issue, but now feel that with the Covid situation with us for perhaps years to come it seems, I will be proved wrong and have wasted money.
You asked, it's all doom and gloom here, sorry.