Member Info for greygeorge

Oh, andy, you should have been here a few years ago when I first started warning about this dog.

You could have sold at about £20, bought back in numerous times at £8, £9, £10. All the way up £14.

Then top sliced.

Rinse.

And repeat.

Or in the case of this board of losers.

Rinsed.

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FILL YER BOOTS !!!

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Still losing, then ?

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Oh God.

Someone's asking for advice and tips on where to invest, from the losers on THIS board ???

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BTW, Jim (and Terry, even though you can't see me it would be rude to ignore you).

If you're spending 90% of your posting time parsing what DEC reports, and how it reports what it reports, as if you're engaging in some tedious, way-too-long running version of the unravelling of the Da Vinci code, maybe you should get the hell out of it, for the good of your mental health. The bargains that were out there have disappeared now, of course (though who knows what happens in the next couple of weeks and months), squabble).

But of all the shares I hold at this point in time, at least I don't need a secret decoder ring to figure out if they're making an actual profit and have at least a short to medium future with some evidence as a basis for their forward looking statements.

Right, that's it. Have fun you two - and everyone who's been here for the past five years.

And I must admit, I'm surprised this dog is still in existence. But then, America always has been a lawless place to do business. So now that DEC main listing is over there, they're safe at least from any real scrutiny of their dealings. But nothing can defy gravity forever.

Terry.

Well, Jim I guess it's you who'll be reading this, since the day trading genius Terry has an invisibility cloak thrown over me.

Anyway, whilst Terry has been obsessed with holding his original investment here, spending every day mesmerised by the slightest movement up or down, finger poised to buy or sell, waiting eagerly to pick up that - what 4% annualised yield ? -on his original capital investment I thought I'd let him now how my decision to take the loss and sell (at what was pretty much the bottom) running away from this dog albeit too late in making my decision.

Anyway, since that point in 2024, this is rough summary of what's happened since my decision. I bought RTO, BATS,GEN, AGR, PHNX (now SDLF), MNG. Aside from RTO, dividend yields of 8 - 10% while I held them. Sold RTO (+15%), BATS (+80%), AGR (takeover by PHP +20%), PHNX (+40%) MNG +50%.

Having decided to take the loss and move on, the trades I've listed above were the initial ones. On the sales I made, I re-invested and some I've made gains on and sold and bought-back in some of them, blah blah.

Anyway, I just want Terry to know (even though he'll never read this of course) that since admitting I made a bad choice here and took the loss, I've got more than my original investment back, and I'm picking up dividends on the shares I'm currently sitting on of an average of 8.5%.

Meanwhile, Terry has been sitting on a loss of 50% in his original investment, unable to give up his obsession with this dog, scrabbling to prove he can through sheer stubbornness to prove how smart he is as a day-trader as he sits on an overall loss, 18 months on.

There you go Jim, don't tell him what I've written, but carry on winding him up in the knowledge that whatever he tries to project himself as, he will always be a loser with delusions of day trading grandeur.

😉

Have fun.

Lol, yep a 12% yield is hard to replace.

I've tried hard to find what the 'catch' is with RCH. So far I've found nothing that other 'mature' markets like tobacco and financial services (banks excluded) haven't faced in recent years - or decades, even.

Management seems competent, with an eye to the future.

The two worst-case scenarios are bankruptcy, or a takeover which would mean having to find another company to invest in.

Best case - it carries on as it has this past year and buy some, sell some as the opportunities arise. And collect the dividends meantime, of course.

My point was that as the share price rises, the yield drops in relation to the rise.

10% yield on original capital invested at a share price of 50p falls to about 6.7% at a share price of 75p. The original capital investment has grown, but the yield has dropped on the potential increase in share price.

Depending on your investment style, you can stick with the original capital investment and continue receiving 10% on the original capital. or sell at 75p and re-invest the increased capital in another share paying 7%.

So it depends on your short term or long term aims of capital growth or dividend income, or a mix that suits your aims.

JG68. You say :

'This stock market is becoming uninvestable when the corrupt people in the city can line their pockets by marking down shares in this way'.

But THEN you say :

'Personally I was 2-3 k up on this about a week ago, I thought shall I sell half but decided no, just hold, and now im BE'.

You seem to be blaming others for your decision not to lock in a profit.

Up to last week, this share was up about 30% from early November. Given that rise, and the threat of America doing something stupid in the Gulf, you chose greed over profit taking.

That was YOUR decision.

Given the dividend yield, and the fact you didn't take a profit when you had the opportunity, what EXACTLY is your strategy ?

You can't have sustained high yield AND share price growth. One almost always negates the other.

So, what's your investing strategy ?

Ripley, you must be relieved you took that fleeting profit.

Now you can buy back in again.

Or are you wating for a new low ?

Anyway.

Well done you !!!

Jonjon. It wasn't a stock split, it was a compulsory redemption.

The company redeemed just under half the shares, and paid .9441 cents for each share redeemed.

.9441 cents was converted to £.

Your holding is now just over half what it was before redemption, the rest is in cash.

Sam - ii has paid funds into my accounts. ISA - in pounds. Trading account - in dollars. They were credited after close on Friday into my ISA, and were there to be converted to £ yesterday morning in the trading account. there's no mystery as far as I'm concerned.

Incomeinvestor - Been watching this company for a while, only bought in after the vote and it was perfectly clear to me what was going on with the companys' proposal, timeline, and overwhelming vote in favour.

The only doubt was what the exchange rate would be, given trumps' tantrums on any given day.

Yep.

It's a haven.

From the reality of the actual situation.

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IncomeInvestor, you should probably pay more attention,

https://www.lse.co.uk/rns/TMIP/publication-of-circular-notice-of-general-meeting-s3mk1do4tbwfyll.html

Ripley - The The continued weakness in the dollar didn't wipe out that small rise in SP, then ?

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Your point being...?

I am a man of my word pickledpeck.

I told you I'd be here to watch this dog die, and laugh at those who are still waiting for tomorrows' jam.

I only recently bought into this one.

A number of the posters here seem to have some good knowledge about the business. Not inside knowledge, but a good understanding of how it operates and the field it operates in.

It's not ideal though to have to second-guess what damage Trump is going to do in the next day, or in the next few hours, to further destroy the American economy as well as the once 'almighty' (sic) dollar.

Should probably have said 'The dollar is dropping'.

Could be worse, Ace.

Could be Terry, obsessed with trading this dog, making his one percent at a time only to see any 'profit' gulped won by the dollar decline.

At least you're not 'that man'.

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The penny seems to be dropping.

With some at least.

Finally.