Member Info for GoldAnOil

Can buy for 3799 !

Hey Sam, we all started sometime. General advice, (learned the VERY hard way): Don't believe what you read here, really, DYOR and decide for yourself. If something looks too good to be true - it is. Decide if you're a Trader or an Investor, or a bit of both. I lost £0000's on stupid trades and more sensible investments. Cosalt and Hampson Industries were big companies that were mismanaged to bankruptcy, Angel Mining, Noventa, Intercytex and Syncronica (plus others) were speculative buys that all went t**ts up, but were all popular at the time. I was lucky, I had a few good buys amongst the dross, but I now avoid exploration and research. If it pays a Dividend, I'll look at it, if not, I don't. Small companies with great ideas might do well eventually, but they need a lot of money to get there and in my experience, the BoD has to be really good to get there without mishap. Cash calls, dilution and placings are all part of company growth, plus dodgy Directors who run the company into bankruptcy and then buy it back from the liquidators for a pittance, having empties the coffers. It's a cruel world, so NEVER invest anything that you can not afford to lose.

Up to 3812 now, I missed that boat !

I don't think that is a question any of us on here can answer. Personally I think (hope) that 3800 was the low, and I'm looking to buy as many as I can at this level in order to put them away and re-invest the dividends. Any growth from here will be more than welcome of course, but I look on it as a mid term holding. I may sell if the circumstances were right, but all my SIPP holdings are investments, not trades. I can't speak for you, but I'm holding and adding.

...Will it go under or bounce ?

Testing 3800 !

Can it really reach 3600? It will give a good return, but a capital loss. I'm in at 4023 and 3803 so far, got a bit in reserve, but EZJ is tempting me! Who said all the exitement was on AIM!

https://www.theguardian.com/politics/blog/live/2017/jan/24/supreme-court-article-50-judgement-announces-its-article-50-judgment-politics-live

...battered today, holding off buying more to let the courts Brexit decision clear.

Going off current info: 4 x 45p = 180p Inter = 53p Final = 105p Total = 338p - IF divi is maintained OK, slightly less than 10% but more than 6%, but then if SP falls...

I feel that the current SPoffers a real chance for those 'Divi Hunters' (like myself) to invest long term, bottom drawer funds and not have to worry too much about inflation eroding their savings. With the quarterly specials and the regular six monthly dividends, (if maintained), the return will be pushing 10% which is more than any savings ac can offer. Not guaranteed of course and any further falls will dilute the rewards, but I see it as a good opportunity to invest for the future.

...for sure. The company has to go through a period of reconstruction, but it will come good. The question is, at what point is a good price to buy in. The dip in April went down to around 130p before recovering, and October around 140p. With the lack of divi, I think it may go a bit lower, or hover around the 135p mark, but I doubt it will be a quick move up. Watching, buying finger at the ready.

...are strong at the moment. Our local Next was packed on Sat am and I had to order the sweater I wanted. Not much good, people wanting to buy and not having sufficient stock. It was in this morning however, so the supply chain is holding up.

...interesting next week, with M&S, Sainsbury and Morrison amongst others reporting on their Christmas. I doubt M&S will have good news and wonder whether we could suffer fallout. Or is our bad news all out?

...someones confident - Norges Bank bought over £12m worth and now the NE Director Steve Barber puts £104k's worth into his SIPP, good enough!

...there is no suggestion that MM's might try and manipulate a share price. Surely not!

...for the comments guys. I've been in here a long time and I guess I'm just a bit P'd off at the moment. Yes, I know it will come good, but I've got so many 'good prospects' tucked away doing nothing and I get frustrated when companies I'm watching start to move, and I have no free cash to buy in. I was tempted to sell on the last rise and now that's fading, I just think I'm missing out elswhere. Impatient maybe, but I have stayed with this and would hate to be out when it does take off. Thanks to you all and GL for those who hold. Including me.

Most of the recent contrarian buys are doing well. KLR, BRSN, ESNT plus a few others, all posted lower results or profit warnings and suffered SP drops, all are now doing well. One of my big buys was LRD, which has today soared, why, I'm not quite sure, but it happens. Doom and gloom and then whoosh! I look on SP drops as a chance to rebuild my SIPP and ISA with good companies at bargain prices. If the fundementals are there, recovery should follow. Doesn't always work...anyone remember Cosalt?

...increase after a period of stagnation. Maybe a rumour in China of sale of PM division? Seems more than change of sentiment. I'm holding.

Consolidating nicely now. Panic over I hope.