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It was a punt. A bad one. Why wouldn’t any serious buyer simply wait it out when it’s really in the trash can before picking up the pieces? I’m just glad I didn’t average down!
Lawrence - crooked Russians? I think you’ll find the plucky Brit’s screwed you over.
Fairwind - if you believe that, I have some magic beans to sell you….
Dominic Raab is correcting in stating this war will last for months. Now that Ukraine has gene flooded with arms from the West - expect civilian causalities start to mount as they flatten cities. Putin is going all the way to Moldova - anything else would be defeat
CleverThoughts - shocked RA has got away with what he has so far. The UK will be watched closely by the Americans and Europeans. They will not be allowed to play differently when everyone is being asked to go full throttle. Much like Germany being asked to shelve NS2 - eventually the pressure will be too great if not much is done.
Sounds risky - long term indeed. This share will continue to take a beating whilst there’s no end in sight re: the war. The Russians will not capitulate and the Ukrainians won’t say no to a fight either. So this has some way to run.
At this price - the Russian assets/mines are rated at zero Inc future income. How much of that becomes reality is questionable. However, I do not see Putin being very forgiving when he wants to settle the issue of financial sanctions - those assets will be nationalised - and that cost will be borne by current shareholders. Hence, I don’t think the reversal of RASP will make any difference to the current SP.
TheAimInvestor - you’re an optimistic soul. The war has just started. This share is not heading to £1 any time soon - and if it does manage it, it isn’t staying up there for long. Russia intends to disable Ukraine. The urban centres have yet to feel the magnitude of the invasion. More sanctions are coming - no doubt. The time to buy - much further along than you think.
A statement is of little value when there is so much uncertainty. The war is not over by a long shot yet. More than likely - medium term at least - there will be confiscation of wealth on either side of this divide. So you can rate the Russian assets down to zilch. Beyond that - the economy will take a hit. Beyond that - the whole company could be wiped out (it doesn’t matter what assets you hold if you have no liquidity or fast draining cash reserves). Buying this is a pure gamble - simple.
Sp28 if you think anyone who holds a substantive amount of stock pays any heed to the uninformed conversation on here - you’re very much missing the point :) this board has minimal impact on those that read it if I was frank.
Sp28 if you think anyone who holds a substantive amount of stock pays any heed to the uninformed conversation on here - you’re very much missing the point :) this board has minimal impact on those that read it if I was frank.
It will let me buy on Barclays. So I’m not sure what the issue is.
GoldenTemple - if it survives in its current form. This war is anything but over. Putin will not roll over. He cannot accept defeat and I expect there to be an escalation in the coming few days.
I’ve been looking at this stock for a while - but it’s too risky to touch right now. No idea where the bottom is.
worth averaging down at this level? Asking for a friend... ;)
What is your feeling alwayswinning? £1 next week perhaps?