Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Lee
My opinion (for what it's worth) is that as usual with this share everyone got carried away when the SP was on the way up last time from circa £14 and it went a bit frothy when it climbed above £20 but as usual with AML it then takes a few steps backwards before climbing even higher (usually) again and then falling back a bit.
I've been trading this since around May 2020 (with sometimes as much as £100k invested in it) and sometimes get it right (but sometimes get it wrong!). I think I got it right this time as I sold 2000 shares two weeks ago at 2037p but have repurchased 2500 at 1631p ready for (hopefully) the next climb above £20!
I actually think this is a LTH as I think it will get to over £100 over the next few years but enjoy trying to sell at the peaks and buy in the dips.
Just my opinion... Good luck!
I've stumbled across BPC from comments on other boards and have tried to do a bit of research before investing but if I'm honest I'm a little confused... Would anyone be able to give me a short list of pros and cons for buying BPC at around 2.05p today...?
Thanks in advance! :-)
Only my opinion but there was a £65k buy mid afternoon which coincided with the tweet below...
https://twitter.com/lordchilston/status/1349027354711105536?s=24
So either everyone piled in thinking that David Seabridge knows something we don’t (time will tell I guess) and we’ll get an RNS with good news over the next couple of days OR
Everyone piled in thinking David knows something when in fact, like us, he’s just done his research and thinks the risk/reward here is reasonable.
If it’s the former the SP should continue north as soon as the RNS arrives but if it’s the latter and the RNS doesn’t materialise by Friday, the SP will likely drop back to 8.xx by the end of the week until an RNS does appear...
You pays your money....
I sold everything last Monday @ 2037 (luck more than judgement) as felt like it was due a step or two backwards but have bought a few back at 1690 today and will buy more if it drops further...
142,000 shares in 3 buys in the last half hour...
Glad I bought in again yesterday!
Somebody is very keen on this today...
07-Jan-21 08:38:32 1,000.00 135,000 Buy* 995.00 999.00 1m O
Glad I bought yesterday!
Decided to buy back in today (3,400 shares @ 910p) and it then dropped below 900. However some very chunky buys this afternoon (£800k, £450k, £77k, £77k, £50k, £50k) so good to see some bigger investors coming back to this one! Think this is worth holding for the longterm now.