RE: The loss I hear is only £3m to ESL24 Aug 2019 22:01
Hi Mark - yes i do follow STOB, i've been very lucky here, with my total share holding on a free carry.
i'll continue to hold all shares here for the medium to longer term, as i'm confident in the STOB growth story.
At a half yearly div of 3p, any shares bought at present levels give a potential div return close to 6% should divs continue to be paid at present levels, which is handy.
STOB has had to deal with, the court case with Tinkler, which went in its favour, but allowed for adverse media comment.
Then it stepped in with the Connect consortium to save Flyb, and restructure the airline, which placed it in the firing line of those, who either held on to their flyb shares despite poor rns or additionally those who lost their shirts risking funds on a punt over there on a gamble of a potential bidding war. So there is the flack from ex flyb's too.
I've bought numerous times this year between £1.00 - £1.15, as have many others, as the sp has bounced around within quite a reasonable tight range, I always top slice on my trades, and add the profit to my holding in the form of more free shares.
We are in interesting times with geo political issues impacting on markets, so i take the view that the whole market, could see instability, until brexit is concluded, and Grumpy Trumpy Pumpy loses his twitter finger.
I'll continue buying on the dips here, and look to make 3 -5% on each trade. If the sp falls for a prolonged period then i'd probably have several trades on the go, closing each one out, on rises. I would say that STOB is only a small part of my overall investment portfolio, which comprises quite a number of boring defensive shares, where i don't feel the need to get into any debates on bb's.
Here though its a different matter, as STOB seems to create a great deal of knashing of teeth, and i enjoy the banter, so i generally post info and facts, to counter the non believers.
As to where the sp will be next week or next month well that's not too much if a worry to me. Where the sp stand by say Feb 2024 - now that's more important, as is how many free shares i can collect on the way.
G
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