Member Info for Gitfinger

M3 & wet puddle…..
I’m guessing the happy place can’t be that great is you’re always bleedin on here moaning……

Bet there’s plenty of Uber positive chatter over at the happy place, because of course, what’s good for AB is of course good for the shareholders……in a parallel universe…..

Hmmmmmm. It’s all becoming clear….. the legendary 1.7m shareholding…….sound familiar?
May I promote the hypothesis that Aim is in fact…..AB……

Aim
If you’d read earlier you would have seen that my average is 10 pence, so no loss…..how’s your profit going? Still laughing at people who are actually sat on a loss? Got your numbers to stack up yet?

Aim
And that’s the problem..,,duplicity, lies, all good in your book, so long as your narrative is retained you really do t give one……
As stated earlier, gloating at those who have suffered isn’t a nice thing to do, is it?

Diamond
Check your maths and read the comment. Aim said that his holding was once worth £1.7M. Work that back, using your highest value and you have a holding of 1,819,154 shares. He stated that his current holding is worth £250,000. Using your lowest value, that means that his holding is now 1,373,626. By a process of deduction, there has been a disposal from his portfolio of 445,528 shares. On the basis that he stated that his average buy in price is 16 pence, it means that, all the while he has been spinning the "we're all in this together" line and berating people for daring to say that they have suffered losses (and even telling them, that they haven't because they haven't actually sold them) he has, in fact, been sat on a profit and has indeed sold shares. This is the kind of action that should be called out, hence my drawing attention to the numbers that just don't add up..

Aim
Hmmm ....let's look at the numbers....if we say that the prevailing price is 22 pence, then if your shares are worth £250K, then that means that you currently hold 1.135M shares..........now correct me if I'm wrong, but the highest price achieved on this share was 79.4 pence, in December 20, so erring on the side of generosity, we could say 80 pence. That gives your shareholding a maximum value of £908,000 assuming a holding of 1.135m shares....a holding value of £1.7m would have required a holding of 2.125 million shares, so by a process of deduction by your own admission, you will have sold off a modest 990,000 shares since the portfolio was apparently worth some £1.7M.........
So basically all of the "I'm in it for the long haul, crap" is just that...crap because all along you have, in fact, been offloading like a good 'un all the while you are praising the company to the heavens.....talk about duplicity in extremis!

So, you are currently in profit, well good for you!
However, do you not think that berating others for commenting that they are sat on a large loss (having bought in at a far higher price) and then arguing that there is no loss until the shares are sold (which is illogical, and flies in the face of all accounting conventions) is actually a pretty damn crass thing to do. You're basically saying "Don't carp about the price, because it doesn't agree with my narrative" whilst not actually being in the same position as those who you are berating, who have suffered as a result of their investment in a company which they obviously did. at one time believe in . Talk about rubbing salt in the wounds, Mr "I'm all right, Jack!"

Aim
OK, so the average price of your holding is 16 pence. On the current valuation, you are therefore still in profit. I therefore concede that there is no requirement for you to account for any loss, because, at this point in time, there is indeed no loss for you to account for.

No conformation on whether the current value of your holding exceeds its composite cost Aim?

Aim
For the sake of absolute clarity, the current value of your total holding is in excess of the total price paid for said holding?
If this is indeed the case, then I fully accept that you have not made a loss on your holding in AFC. My stance has always been that where there is an ACTUAL negative balance between the prevailing market price and that paid, then this needs to be acknowledged. If we were at cross purposes, and your interpretation was that I was suggesting that you should recognise the difference between the highest peak price and the prevailing price (a sort of coulda, shoulda, woulda accounting policy) and your buy in price, then I apologise for the lack of clarity.

Dunno why they’re still here, must be a bunch of absolute masochists, otherwise why would they come on here to be abused when they could just stay in the happy place and metaphorically toss each other off with their ramping drivel…but then again, where’s the fun in being in a place where everyone agrees with you all of the time?

Obviously you care or you wouldn’t bother responding…..I just like pressing buttons and exposing those who are basically full of wind and p***

This is the thing, always sell into the rise and buy on the fall….rinse and repeat gives you a respectably low averaged down price. To be fair, it’s sat at just shy of 10 pence so not actually in a loss at the mo, but I have of course reflected the pregnant gain in the revaluation reserve. Of course this won’t actually become a distributable profit until the share is sold, but it’s nice to know that I have recognised the profit….. have you recognised your loss yet?

Aim
I'm glad you're experienced in markers.....don't you mean crayons?
Any news on your interpretation FRS 102 requirements in respect accounting for impairment of assets?

What's all this "We LTH" business.........being a member of the uber positives isn't a primary requisite for being a LTH...you can be an LTH and still express an opinion that is at odds with that promoted by the happy clappy gang......
"the miserable crew have held sway for far too long with their relentlessly negative crap"
or
"the deluded crew have held sway for far too long with their relentlessly overly positive crap" which flies in the face of in imploding share price.....
It's the duplicity that irks.....
I now await the usual "but you're not really a shareholder" twaddle which is the standard response when faced with an uncomfortable fact.

Wet Puddle
Feel free to express your crass stupidity here all day long and give us a good laugh…..

How’s it all going over at the happy place chaps? Can’t be that great if you’re still here…….

Aim
James Simon may not hold any shares, his holding may be worth exactly the same as yourssoon, given the current trajectory…….never mind, no sale equals no loss, eh…..

Aim
How’s the portfolio looking…..oh, I forgot, absolutely fine because you haven’t lost anything yet.. hahahahaha!