Looking for advice!?5 Jun 2020 14:47
Hi All. As my name suggests I am a newbie to singular holding investment and perhaps a foolish one at that. Did very little research on Avacta, had £2ooo I wanted to do something with and bought at £1.68 :-( I'm not trying to make a quick buck but need some advice. Having read through the threads and having done more research (after investing) I am now needing some more experienced direction! Obviously I have made an immediate loss and todays rally has brought me back to a 5% loss. With this raising that they have made available....is it an option for me to take advantage of? My thoughts being....accept the immediate loss, sell Half and put cash towards the £1.20 raising price....does that mean It works like an employee share option scheme where I must hold the shares for a period of time before I can sell and I will (if SP was to remain static for this example) I would make an immediate gain on the holding....Please help as I have jumped in with both feet!