.20 Sep 2012 23:39
I've been in this share for a while now and have averaged down all the way since my buy in at 240p. Got an average now of 151p and £4,500 in. I've traded it before and made a bit of money - not much, just hundreds rather than thousands. I think this share took a battering because a few months ago Russian based companies were perceived to be high risk, nothing more than that. It is interesting to note that since it hit the deck at 85p, Russia has been admitted to the WTO after about 20 years of trying. Perhaps this has gone some way to decreasing the perceived risk. Oil prices too were pretty low throughout the drop in sp which is bound to have impacted it, together with the general economic downturn of course. I do not think the sp fell due to operational matters at all. Far from it - this company is formidable in my opinion and if macro factors outlined above remain calm it can only go up steadily from now. But the question is when will the steady increase start! Good luck to all.