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I only recently jumped on ship but I have found that the bid / offer spread can sometimes look unattractive. At the start of the webinar it narrowed, so I added 500,000 shares at 0.979. Five million shares sounds a lot but it's not that much capital (for now!)
Thank you.
I'm optimistic. The liquidity must be very low, as the 20K I bought just before my post seemed to have lifted the price a tad.
Hi, all.
I've only found this share this week. I've been adding gradually in lots of 10K shares, reached 80K to date.
Fingers crossed for all of us.
I'm not even sure that it was you but, if it was, then thanks.
Of course, all of my actions are entirely my own risk but there are so many shares out there that it's nigh impossible to identify all of the good prospects.
I watch the daily LSE report of risers and fallers to see which companies are moving, then I try to work out why.
That's how I unearthed Genedrive and Joules.
Trying to work out which shares are going to be relatively unaffected by Putin is not easy, either...
GL All.
I was only alerted to this share by a comment on an LSE thread on a different share. I read this board and did some quick research and bought 3 million this morning at an average of 0.8659.
Happy to be aboard for the ride.
I am now retired but I transacted a lot of crude oil hedges in the 1990's and early 2000's. (192,000,000 bbls in 2003 was my peak).
The issue is that puts close to the money are very expensive. In order to save cash flow DEC are financing buying puts with selling calls and that greatly narrows the range of their cash flow. However, the recent increases in Henry Hub gas prices should result in higher cash flow windows and greater profitability.
p.s. I hold 140,000 DEC shares in various pots.
I have bought into this company as a term play. It’s always comforting when the price lifts in the short term but the real money should only be made when there are substantial profits being made.
It seems a good risk/reward play. £33,000 at risk with an upside which is hard to quantify.
I had been looking at significant paper losses for a while now, so I chickened out and sold half of my holding (20,000 shares) for a nice profit at 75p. I could easily regret the move but a profit today from a loss as of yesterday is not to be sneezed at. Fingers crossed for the remaining 20K.
Hi, folks. Might I share some of my experience with Plus500?
I have been trading this share for 3 years now. I have allocated £100,000 in capital and try to make 2.5% per trade. That doesn't sound very ambitious but 20+ trades p.a. equate to over 50% return on capital. It has not been smooth sailing, though. There have been times when I have been looking at a paper loss of 15%, so I sit it out, take some dividends and wait for it to come back into profit. Thus far, it always has come back and I expect this pattern to continue. My return on investments has totalled 3.08% on total expenditure of £6,270,000, so not too shabby for tying up £100K.
MNG I hold 110,000 shares.
Thank you, xxxAccountant, for doing this research. I dipped into this share recently but cashed out for a nice profit. Now, I am taking a more long term approach and am gradually building up my holdings. At present, Joul represents 5.5% of my portfolio and I plan to add on future dips. I am hoping that this will, eventually, prove to be as good a contributor to the coffers as Plus500 has been.
I also hold DEC in an II SIPP and last week I uploaded the W-8BEN form to the website and they confirmed that it is operative. I am a recent buyer of DEC, so no feedback on any withholding. 90,000 holding.
I've not owned this share before but family and friends buy clothes from them, so I've bought 60,000 at 60p. Fingers crossed.