Member Info for FRTEB

Bought or sold? There's a transaction for 25,000 shares but it's listed as a Sell.

I am not at all happy with the prospect of having to sell at only 80p per share as this represents a significant discount to NAV per share of 109.16p announced today. That's a discount of just over 26%. I feel like we are being robbed and CSH management are recommending we accept! No thanks. I shall be voting against this offer and I encourage others to do the same.

As I've said before, I agree with Stelios (and Sage on this discussion board) so I logged in to my account at AJB last night and voted For the four resolutions that Stelios proposed.
Have any other holders of EZJ voted and if so did you vote For or Against the resolutions?

If you are a shareholder how are you going to vote at the EGM? Are you going to support Stelios and vote FOR his resolutions to remove four directors or are you going to vote AGAINST his resolutions so the BoD continue to hold their positions?

Good arguments put forward by Sage, which I agree with. The BOD are transient and have their own best interests at heart (how many companies could we say that about?) and I fear a vote Against the resolutions Stelios has proposed will see a continuation of the slow and painful decline of the EZJ share price and ultimately possible dilution for shareholders. It's easy (no pun intended) to see the present BODs then walking off to get their snouts in another trough, as Sage suggested.
So, I'm on the verge of voting FOR Stelios's resolutions, despite the circular from the BODs recommending me not to. Thoughts from other shareholders appreciated before I press the button.

" Provident are ahead of the curve and already employed all agents and took the hit on profit "

Correct. Self-employed agents are now employed by PFG. The same cannot be said for other similar companies who will face challenges going forward.

"With Social distancing, I reckon, my monthly mileage will reduce substantially"

I think our mileage will increase substantially. We're already going slightly stir crazy and have been out for drives taking a flask of tea and food with us. So far we've sat overlooking an airport runway watching the planes take off and land (no point doing that soon!) and drove to a beauty spot, went for a walk and then had tea and cake admiring the view over the hills. Off to the coast at some point over the weekend, I am told by 'er indoors. We'd normally probably drop in to visit parents/in laws relatively close by but as they're in their eighties we aren't doing that as we don't want to put them at risk from this wretched virus - not that we have it, as far as we know, but apparently we could be carrying it and infect other people without us knowing.

Gerry, can I suggest you buy in tranches.
So let's say you eventually want to have £10,000 invested in RGL (or any other company). Split your £10K into say five equal tranches of £2K. Buy the first tranche so you have a toe in the water. Then wait, watch, look at a chart and draw a few lines, wait for the next update/results, whatever your criteria are. Then buy the next £2K tranche when you have a trigger - a good trading update, a line of support on a chart, whatever. Do this over a period of time. Don't worry if you only get two tranches before the share price goes off to the races - be patient - wait. Equally, if you only get two tranches but then something majorly bad happens - political, macro-economic, pandemic, etc, then there will be opportunities to buy other tranches. You'll never buy at the exact bottom unless you get lucky, but you're more likely to end up with an average purchase price that makes a sound long term investment.

+ Major Holdings RNS announcements on 9th March from Schroders and Close Asset Management (amongst others) - both making large initial investments in GRID. And another RNS today -

"Gresham House Energy Storage Fund plc (LSE: GRID) has conditionally agreed to acquire a 50MW battery project located near Thurcroft, to the east of Rotherham ("Thurcroft") (the "Project"). The Project will be GRID's largest project to date"

I'm already in, but if I wasn't, I would be buying.

I see no chance of a reduction in electricity demand. Many businesses are effectively being mothballed plus social distancing (and self-quarantining) equates to many, many more people at home. There is already evidence of this - Netflix is reducing the quality of streaming so networks can cope. Youtube too. People are at home using their computers/laptops/TVs/heating/lighting/kettles/etc. Electricity demand will be going through the roof.

Just adding a word of caution...

I originally had a target price for CCL of 3000. That got smashed and with the virus, news coverage and CCL's share price action I revised my target to 2000. That also went without much of a fight. 1900, 1800, 1700... No idea where it will stop now. I can see 450 on a chart but I have no idea if it will get that low. But don't forget the ultimate low is zero. And yes, I've been there before (with CLLN). Would prefer to not repeat the experience... I'm not (yet) investing in CCL. It's a gamble at the moment so I'll watch and wait. If I do buy in it will be gradually, in tranches. Be careful people, and good luck.

" The SP was as low as 512 in November 2015 so why do you say 2003? "

Uncle Doug, there is a line of support joining the lows of 2003, 2008/9, 2016 and 2020, until the sp broke through that support. It is now strong and long term resistance. Next supports are at 520 and 500. Don't ask me where the decline will stop. No idea. I'm seeing long term supports smashed on chart after chart for different companies. DYOR and don't rely on anything I say - I only say it how I see it. You/others might see things differently.

BTW, do I recognise your name from the old iii discussion boards?

From someone I follow on twitter:

https://twitter.com/Tradingchannels/status/1236950682659426304

The broken rising support (now resistance) is higher with time. As of today, 633.

" where is the lowest entry point? How much further will it go "

Well the lowest point for any share is zero. People seem to forget that!

RR is interesting because it's broken a long term line of support stretching back to 2003. Next support is around 550, then 520. Below that, 500 and below that, 400... Well you did ask!

On the other hand there's lots of resistances above too. But the price is in a clear downtrend and like I said it's broken the support going back to 2003. This is ominous. I wouldn't be buying here - not until it gets back above that support, at least.

I do like the company - used to work for them at one point. But the dividend is too low for me so never bought in. But it's appeared on my watchlist due to the falling price...

I also topped up this morning. Excellent results and dividend. Shame about the virus and the falling tide that's lowered all ships, er, stocks. Still, never look a gift horse in the mouth, as the saying goes.

SHOW ME THE DIVIDENDS! :-)

Blinkin 'eck it's a bit lonely in 'ere.

Second tranche purchased today.

Well my local Shell garage was doing a roaring trade as I drove home earlier. Must be all those people filling their cars up with petrol and diesel. Who'd have thought it?!

I see the This Time It's Different brigade are out in force again. Not just on RDSB either. How many times do stock prices have to fluctuate before it finally sinks in that this time is just like all the other times? Oil prices fluctuate. Sometimes a lot. Stock prices fluctuate. Sometimes a lot. But despite this since 1945 Royal Dutch Shell have carried on paying their dividend, year in, year out. Thankyouverymuch.

Now what's that well known saying - ah, yes - sell at the bottom and buy at the top. No, that's not right is it. But listening to some people lately that seems to be exactly what their investing strategy is. Prices are currently lower than they have been for some time. So whatcha gonna do? Scale in, scale out, or run around like a headless chicken? What's your plan? You've got one, right??? If not, I respectfully suggest you walk down your local high street where you can get 1.3% interest on cash deposits, because maybe the stock market isn't right for you. And there's no shame in that. It ain't for everyone.

Good luck to all of us, because none of us can consistently pick the bottom. Might get lucky now and then, but consistently? No.

Good luck all.

All gains gone??? RDSB up 3% yesterday and 2% today.

So far so good.

As I type oil and gas are again up well over 3% and RDSB is up another 3.4% at 1769.