Sorry you may not be able to open my last rns post.
Here is the link again:
Can be found here as usual:
I have been investing in my share ISA for about ten years now. I have an unusual method for choosing investments. I only invest in companies I really like. My first two shares were Workspace and Unite Group and I sold a year or so ago, when it became clear to me that the new company excitement had gone. My reason for investing in ISAT is very boyish. I like the idea of sending satellites to space. When you express disappointment in the value of shares always remember to take all those yearly dividends into account. You also comment on others saying how well a share has done for them. My original Workspace and Unite Group shares were under �2 when I bought them and both climbed to �8, though they kept their dividends small. I liked Workspace because they provide affordable accommodation to small businesses in expensive cities, and Unite because they provide quality accommodation for students. I suppose that what I am trying to say is that you should look for companies that you personally like, and try not to worry too much about short term ups and downs. Good luck and choose carefully.
I have been trading shares for fun in an ISA since I had a lucky incident with a forgotten insurance taken out by my mum in about 1945. I am retired and thanks to the London Oldies card travel for free most of the time. I don't have to worry whether my ISA achieves but it has averaged just over 15% increase for twelve years, only partly through dividends. I keep six shares in my account with the aim of each reaching �20,000. When they all score I will share the money amongst our five children. I was interested by your final comment about discretely leaving the AIM world, as that too has been a long term aim of mine, though now I am not so sure. I have a rule that I am allowed to invest in two AIM shares. These are currently SRON and WRES. I have met Michael Masterman at shareholder meetings some 5 or 6 times, and he has always found time to talk to me in a grown up and honest manner, hence the slight umbrage at the way he continues to be gently slated on this site when it was he built the company. When I left teaching I was given a moving send off that more than reflected the work I had put in. I think Michael deserves the same. I really think your 10 bag double will pay off by Christmas. I had not thought of WRES and SRON as a ten bag double but...
As regards M.M. being Australian: my daughter and two of our grandchildren have lived in Australia for the last ten years and our son and two more grandchildren live in New Zealand... We have been welcomed in both countries.
I really thought I had bought quite sensibly until I read K3 saying he was 10% down on SRON. I am 23% down. Interestingly I also hold WRES. Once again K3 has beaten me as I am only 62% up. The reason I am actually writing here is that I think Michael Masterman has received rather too much impatient criticism. It remains to be seen whether the new people at the top will do better than MM. I selfishly hope so as SRON/CORRO is now by far the largest investment in my shares ISA. I am (competely), (very), (slightly), (not), happy here, but will have to return to cross out the non applicable words later.
Please can anyone tell me what exactly is happening to my SRON shares when they finally become CORRO. I have even managed to get the date wrong, I am sure it cant be Maundy Thursday as my diary suggests...
I held ISAT for several years but sold when they reached �10. I have just reinvested because I am confident that the current price will hold, the dividend is briliant, and I love the ambition of the company. To my mind they have a winning plan and while space is risky it is also exciting... Much mor fun than Vodafone!
Especially pablo2. What I did not understand was the separation of the Open Offer from the name change. If as pablo2 thinks I receive 1 CORRO for 1 SRON on the name change then I am more than happy to receive those newly named shares then. I had understood that SOU holders would receive these shres, not SRON. My only worry now is where to find some cash to buy extra CORRO in the Open Offer. I think the price of 4.38p will show profit very quickly so I am definitely IN, IN, IN! Do not forget we are producing real gas. I am about to visit the SRON site again to try to confirm all this.
Thank you malkis. I think I understood those numbers, but...
I have 70,000 SRON shares, what happens to them? Do they just become worthless? Are one fifth as many CORO shares going to be worth more than my 70,000 Sron shares? Something does not look right to me...
I am not qualified to comment much on this independent assessment of the assets of SRON. I can see your problem with Bezzecca 2 but am not sure that I expected anything else. Like all things in mining and AIM we very much have to trust the bosses. It might be non-clever of me but I'm sure developing Bessecca 2 will be ongoing still. They do have lots to do...
Main points as I understood them.
1) There were some 80 people in the audience.
2) Mr. Ilham Habibie, very well known in Indonesia is a welcome addition to the board.
3) There is a definite switch of Company interest from Italy to Indonesia, an excellent future market, and lots of gas.
4) The atmosphere from all speakers was very enthusiastic about the future of CORO.
5) The company is well financed with good professional support.
6) There will be extra CORO shares available to SRON holders who would like more.
7) I was assured that the switch from SRON to CORO would be straight forward for SRON holders.
8) I was congratulated by two of the speakers for holding a good number of SRON shares.
Well we will see, BUT it is the first such meeting that I have left feeling really, genuinely positive. I am hoping there may be one or two further reports of the meeting from others as I found the social atmosphere made it difficult to make sensible notes.
At least I assume you have been influenced by the numeric part of your posting name... You really have set my hopes aflame. !0.5 p would give me a 43% profit. My problem is that I am genuinely beginning to believe my own hopes and research. I suppose every investor has to dream. As an ex-teacher I am always slightly suspicious of mathematical predictions, but it is great that Chesh is on board to offer them.
I tend to look for leaders I like, rather than following success. I have yet to meet either Andrew Walwyn or Frank Water but will be on the first train when I hear of any business seminar they are addressing. Please post if you hear of one. I always invest for the long term and only in companies that I like. This can lead to very optimistic posts about my investments, and also means I never invest in certain areas like banks and betting companies, probably at my own cost.
Well we will see over the next two years...
Indeed the only one finishing up today. Can anyone explain to me why SAT seems to be so far off everybody's radar? I do not think I have ever been so sure of an AIM investment. I know I'm talking long term but I genuinely believe this to be a company in its infant shoes which is going to grow very fast. I understand the company wanting to grow by acquisition and agree, though I do hope that there are board members watching these additions carefully. They even appear to have governments encouraging them. Perhaps that should worry us as well. But just look at their growth...