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Other than the obvious ongoing high POG, is there anything else that may be influencing this morning's large rise?
Should always be celebrated !
"the name of the game is it's never wrong to take a profit, especially a decent one!"
Cheers Sasa this is what stops me from being too downbeat - I've also experienced from shares such as FXPO and EVR where I have held on when hitting ATH's that sudden, big reversals can suddenly wipe most/all of your profits in no time at all (not that I anticipate that to happen with SQZ anytime soon!)
But either way I wanted to post what I did for the sake of personal accountability to look back on in the future, and hopefully for the benefit of LTH's who may have been wavering whether to sell or hold during the recent surge. Y'all who held deserve to pat yourselves on the back!
You are all experienced enough I imagine to have read this lesson multiple times, but it always helps to be reminded of it!
I sold SQZ too soon. I only have myself to blame - I have been a LTH (can't remember exactly when I first bought in but around five or so years ago) I held throughout all the rises and drops, but my frustration with the lack of significant movement prompted me to take the decision over the last few months of cashing in my significant holding around the 130-145p range. I have seen us go up to 140p a couple of times before, only to then see us dwindle back down towards 110p-ish. I was sure it would happen again.
If I would have simply held for a few more weeks/months, I would be sitting on such a bigger pile of cash. Worse still, I invested my profits into Chinese funds which for those who don't pay much attention have gone significant lower in recent times (although hopefully in the long term they will sort themselves out, but as you all know it's never nice to buy into something to only then see it drop 15-20% straight away).
So congratulations to all of you who continue to hold - you are better investors than me. I still hold approx. £25k worth but rather than being delighted to surge through 200p, I now feel slight disappointment thanks to what could have been!
I'm sure in time the feeling will pass, after all I have earned great money in SQZ and best of all most of it has been in my ISA. You never turn your nose up at profit. But if I had paid more attention to the experts and held my nerve, I could have enjoyed even greater rewards.
Thanks, I found the government small print and there didn't appear to be any small print. Just a straight 1.25% increase for dividends above your annual allowance and outside a tax free wrapper.
Any idea where the detail is for this? All I have seen so far is the bbc paragraph. I'd like to see an official government announcement if there is one so we can review the small print?
A new ATH should always be celebrated! Congratulations to all LTH's - I've only got a relatively small holding now but enough to put a smile on my face when I see new records being achieved.
I thought that hedging only protects against the downside risk, but the upside benefit is still 100% retained by Serica. You pay for the protection (a bit like insurance) but if you don't need it, you just pay for the 'insurance' but retain the upside?
Please feel free for anybody to jump in and correct me on this important point!
Is there an upto date list of all of SMT's holdings?
The only reason I am holding is that for me it is a no-brainer as a takeover target. The PE predators will have done all of their market mapping and reviewed this as a bolt-on. Sadly the SP has now dropped to a point where even with a premium I will only just be breaking even!
Any idea what caused the big rise going into close?
Bullish move Gavster, good luck! The support around these levels has been welcome, hopefully we can kick on from here if the results are above expectations.
Good to see a bit of positive sp movement in response to the rising POG.
…when you see a red dot in the RNS section, and it ends up being Total Voting Rights!
Happy Friday all and enjoy the 160’s!
I think we all want to forget 2020 and pretend it never happened!
My selling from 132p upwards is looking dumber by the day! :D
It’s not me, and I don’t have enough left to generate any material change in the sp if I did sell.
Agreed!
FYI I have informed LSE of the issue with the missing RNS's and they are looking into it.
Just read the update and it is a pleasing one. Good to see the cash pile growing, but the old story of what to do with that cash pile continues to go unanswered! A special dividend if gas prices continue to hold at these levels would be a nice boost for share holders.