Public service announcement15 Apr 2021 15:29
I've been an investor in FUM since 2019 and have followed this board weekly ever since. Some watchers and participants of this board will be seasoned investors who fully understand the risks they are taking and will not be influenced by the posts of one individual. Other newer or less seasoned investors may suffer authority bias from LB’s comments and make investment decisions (good or bad) based on his words alone. It is to you I would state the following:
There is no doubt that LB understands this topic greater than the vast majority of posters here. For this reason his advice should be regarded with at least some level of respect and you should at the very least give them a read. In the fullness of time his comments could well turn out to be true and the rest of us will be left with egg on our collective faces.
BUT most casual investors do not tend to understand a single company or subsect of an industry like LB appears to. His knowledge (or ability to locate and reference the knowledge in short periods of time) appears to surpass that of most casual investors (I say casual because it is quite unlikely that any investors here have the majority of their wealth tied up in this single AIM share and therefore are not going to spend dipropionate amounts of time on this one company). Therefore you need to ask yourself who he is and what his agenda might be. As far as I see it to have this level of insight and critical analysis you either need to work/have worked in this particular field or you are tasked with analysing this company or companies like this as your day job. To offer very little in the way of balance quite obviously suggests you have interest in a single direction of travel for the SP.
So disgruntled ex-employee? Competitor? Shorter? MM? Who knows but I implore you to question motive.
There is of course a possibility that LB is none of the above and just happens to have the wherewithal to help save us all a bob or two but IMO I think the lady doth protest too much.
Apologies for the lengthy post as this point has been made a few times, but I think it is important for the silent majority of readers - not active posters - to be constantly reminded of this fact.
GYA.