Member Info for CHEQUEMATE

......still holding here?.

I try to get a sell price for my 2600 holdings but can't get anything more than 93p for selling 100 or 90p for selling 1000. Can't get a buy price because I haven't enough funds in my non ISA account. No good trying to sell 100 shares at a time when looking at commission charges. Not desperate to sell, but never like looking to hold for long term in any investment.

Shares are very illiquid here; no demand for the shares one way nor the other.

Could do with some positive news to drive the share price, but can't see that happening in the short term.

GLA

CM

Todays views from stockopedia may be of some interest:

https://www.stockopedia.com/content/small-cap-value-report-mon-24-sep-2018-duke-mgr-xlm-xpd-401164/?page=1#comments

Regards

CM

Views from todays' stockopedia may be of some interest.

https://www.stockopedia.com/content/small-cap-value-report-mon-24-sep-2018-duke-mgr-xlm-xpd-401164/?page=1#comments

CM

Figures given in yesterdays rns were only for an 8 week period. Nothing astonishing, nothing particularly bad. Brexit worries/concerns obviously weighed on the market and was probably the main reason for the fall. It seems most companies share price is pushed down on results day unless the phrase "beyond market expectations" is used.

In the first rns released by the company on the first day of admission to the market the following was stated:

·    It is the Board's intention to commence the payment of dividends following Admission. The Board would expect the Company to pay out at least 60 per cent. of retained earnings in any financial year by way of dividend.

·    It is currently intended that a first dividend will be proposed in respect of the period from May to September 2018 before the end of 2018. The Board expects to pursue a progressive dividend policy over time.

Nothing was mentioned about a dividend in yesterdays rns - I wonder if the market was expecting something?.

The current market price would appear to be around what was the initial price to market back in May. Look at in that way things don't look so disasterous.

I would be interested to know Robbie Burns, the Naked Trader, take is on things. I continue to hold, having bought in initially at around 109p and topped up at around 119p. The rise to 140p or so may have been over enthusiasm.

Having been away for 2 weeks and having absolutely no news about anything whatsoever, I have no idea what the market generally was doing during that time. Not a lot it seems, at least not positively for me.

A longer term hold I feel.

Also, this is a very illiquid share. There can be a lot of movement on very little volume.

GLA

CM

Investinvalue - have you considered that maybe IPX is over valued rather than MGR under valued (which may well be the case)?. You can not compare the two just on the basis of share price, you have to look deeper and identify why the share price has risen so much. One reason is due to the acquistion of Pax World in September last year:

https://www.stockopedia.com/content/small-cap-value-report-mon-18-sep-2017-ipx-fif-spo-vlty-219718/

Bear in mind also that if there is a market correction, which there will be at some time, then the likes of MGR and IPX are likely to be hit.

I like your enthusiasm. Whatever you have been drinking, I'll have a double!.

Good luck all

CM

You may find the following article interesting. Although dated 9 July, I think it is still relevant:

https://www.stockopedia.com/content/small-cap-value-report-mon-9-july-2018-pkg-kbt-mgr-xpd-nbu-380519/

GLA

CM

It truly makes me wonder why I go chasing profits, dreams and rainbows elsewhere when I consider GBG performance over the years?. There may not be the fast acceleration that other shares can offer, but neither does this car suddenly find itself plummeting off the cliff when the brakes don't seem to work enabling me to get out fast before the inevitable crash landing (bitter experience both in the past and present!).

Where's the dog when you need someone to talk to?..........without answering back!.

Regards

CM

Most of those trades showing as sells are infact buys. I topped up at 62.58 earlier as have a number of others looking at the trade prices.

GLA

CM

You are right, common sense does get frayed at times. I think I would call that emotions getting involved. And of course Robbie Burns can get things wrong, he would be the first to admit that. However, overall he is a winner; not that I follow him to the very letter.

GLA

CM

Maybe f15jcm, but a cheap share can still get cheaper. And fundamentals don't stop us losing more of our investments.

"If I sell out now, the share price may/will go up..........I just know it!". Yeah, well I just may give that a whirl to prove it.......or otherwise. Suddenly more less volatile investments look a lot more attractive for my money.

Completely understand FBB. Unfortunately folk tend to stay invested in the belief that the share price can't or won't fall further and if anything is even better value. 30% loss is a real kicking. I tend to look to get out anywhere between 10-15%. We get too attached to companies and generally need to be much harder and less emotional.

I made a good profit first time around and emotionally can say, ok, I'm just giving back some of that profit. Is that good reasoning?, no.

Robbie Burns, the Naked Trader, has a policy of 3 strikes and out. In other words if the 3rd time things don't work out, get out and stay out. Well, this is my 3rd out of 4 times of investing in PLUS which has gone boobies up.

The very best of luck to you and all.

My day off which is why I keep posting..........but not for much longer possibly.

CM

Why can it only lose a £1 or more of sp for a maximum 2 more weeks HH?. Oh, I see what you mean - until it's worth diddly sqwat, or whatever the expression is........yes, you're right. So, begs the question, if that is the bright side........then..........?

Yes, I know you are a shre holder and bought at a considerably higher rate just the other day. You trying to cheer me up buddy?. You don't want to buy my shares do you, no spread, no commission, say £15?, still a discount to what I paid...no?. Ok.

All the best to all whatever you do.

CM

Not helping the share price yet though is it. Thought today would see the start of a recovery after ex divi date. Does beg the question though, why would Odey buy in what they did, when they did if they thought the share price would fall further. Maybe they were partly responsible for the fall if they had a buy order on for a lower price and the market were looking to fill it by dropping the price.

Maybe something else is affecting the share price; any ideas anyone.

CM

Those aren't after hours buying poly; they are trades made earlier in the day but delayed. Note the trade price and then the bid and ask price, many are way outside the trade price. The trades made outside the market size can be delayed until later in the day and/or after closing.

Lets hope the tide changes for the better from tomorrow. The second sell off during the afternoon MAY have been due to the US market waking up but that is sheer speculation on my behalf and may be grasping at straws. Probably far more obvious than that.

HeresHopin - would have got that £15 had I waited to day end and not the £15.67 I paid around midday on a rising share price. Hope you/we get to that £17 you mentioned in an earlier post.

GLA

CM

Some pretty big buys around 12.45 today. Wonder if it will lead to a holding rns tomorrow.

Glad to see some decent recovery; better than what has happened to another one of my holdings!. Would have been better to have invested here. That's investing for you I guess.

GLA

CM

Looks like I got the call wrong. Director purchase looks like a bit of a false dawn right now. Not so many shares for me but still mightily frustrated as many others must be!.

If I am to push the buy button by mistake it is usually better when the share price was lower not higher. Bought back in at smaller holding than I sold yesterday and considerably cheaper but share price has since fallen back, typical. Now this has gone ex divi things should improve.....he says!, (hopefully).

GLA

CM

Tend to agree with you. Personal reasons could mean a number of things from family matters to ill health (and doesn't want that disclosed) to being a naughty boy, although the latter would generally be with immediate effect, which would not be good. Who knows?. The market doesn't like FDs leaving though. Disappointing reaction all the same.

The company has stated it intend paying a dividend so I would hope results will be good. Not expecting much of a divi early days.

GLA

CM

Well, good luck to you HH. Out of interest what price did you pay?. I too think the drop from 19 earlier in the week was overdone, especially today, expecting it more tomorrow. Has the blood been let a day early?, not sure. I'm kicking myself for not selling earlier when the writing was on the wall but felt there was going to be some recovery. Just like yesterday there was a sell off at the end of play. Perhaps I should have put a stop loss on as well as a buy order.

I am thinking a recovery will start sometime on Friday, or even late tomorrow but more like next week. From what level to what level who knows?. When I say a recovery sometime late tomorrow, I mean off its' day low, not finishing the day higher than the start. But.....what do I know?.

Retest of £20?, possibly, but £18 is probably more realistic. May try and get back in at around £15 or less.

Good luck all

CM

Watched lower highs and lower lows throughout the day and on each rise in share price believed I was going to get a better price only to wait a brief moment and see the price fall further. Eventually took the hit and bailed. Subsequently the sp closed more than 40p lower so my losses would have been greater still. None of us like taking a loss and too often look to justify holding. I am no newbie but am still learning and if nothing else today has been another, painful, learning experience. I do have a buy order on for tomorrow but at a price I don't expect to see - rather like today!!.

Here hoping, after what you have previously posted I am surprised you bought in today, especially if you do believe there will be a good drop tomorrow.

Sorry goldeneye, I just can't see the sp advancing tomorrow. The market don't want folk investing for the dividend one day only to sell the next - hence the usual fall on ex divi day. But, who knows?, seeing I have now sold out I may be wrong.

Thedoghouser,can't see a holding rns coming out in next day on someone major buying in. They are/were probably waiting until after the event (share fall) knowing it is/was likely to happen.

F15jcm - know your feeling of being mugged.

Roll on Friday I think.