Member Info for greygeorge

Yeah, I saw that blackrock when you posted it a week or so ago, it's as good a strategy as any, and better than most, i would still like to find the ultimate crystal ball though, lol.

andy.p, if it's there to be drunk, screw the spelling, lol. Have a great holiday. Hope we bump into one another in the future. all the very best.

I agree, it's not the same, 'averaging down', or 'buying on the dips', it is different to the pound cost averaging, you're playing a safer strategy, and long term, I think a good one. If we split the difference between the recession cycles, at 7 1/2 years we should be in one about now, probably wouild be if it wasn't for the oil price decline, we live in starnge times though, with central banks experimenting as they are with money printing under the guise of quantative easing, you could probably lecture me in that subject though, lol.

One thing I don't do (and still haven't worked out if it's the right strategy or not, percentage wise) is buy inot a share that has already risen by a certain percentage over a set period of time, if a share takes my eye, I wait to see if it will drop, I won't give timelines or percentages, what I have found though (though not scientifically verified, lol) is that you rarely 'miss the boat' if you have the patience to wait for a drop. I think 'once in a lifetime opportunities' to get in at a certain level are very rare. In my opinion, and that's all it is, with a little bit of conjecture thrown in, lol. These are just my thoughts, which I thnk accrding to earlier proclamations by m make me an idiot, or fraud, can't remember what I said now, lol.

Thanks andy.p, see I can talk sense, er, sometimes, lol. And NOOOO !!! Don't you dare get banned (again) lol. Come talk sense with me and Isengard. Isengard and I.

I can't remember who, but one financial 'expert' (well probably a few of them) reckon recessions come in roughly 5 year cycles, I'd like to be disciplined enough to (and have the free cash to) wait for those corrections, but theory is one thing...lol.

Yeah, that's a good strategy, I also average down occasionally, that can be dangerous though, I try to find out why the share is falling, it's one thing to lose your original investment, but to carry on ploughing in and lose that too, I've had that happen once, but that was because I knew better than the analysts and 'derampers' lol.

I've held shares that have lost a lot, and held them for a few years, until they finally give me a gain, I try to pick shares that pay at least a little dividend, of course, if the dividend is cut, or suspended, the share price drops, it can be a vicious circle. Then there's the small company that takes my eye, or a newcomer (to the headlines), they're the buggers, lol, how to value them, or how much faith to put in the valuation.

The irony is, as things stand, if you can pick a winner in this environment, you'd probably do quite well, but then the question is when is the right time (I've given up long ago trying to find the 'right time' lol), is it next week or in 3 months time ? Or somewhere in between, lol. I think the hardest thing to do is sell a share you're losing on, when I first started (about 16 years ago) I told myself 'it's not a real loss until I sell'. for me, that philosophy was a mistake

I'd imagine any proceeds will go to the creditors, owed wages, gas and leccy bills, etc, etc. It's rare as hens teeth for shareholders to get anything back from a situation like this. Sorry. I could be wrong of course.

Finance and numbers are what you should concentate on, usually, I think, you're doing it the right way, it's easy to get caught up in the hype (pro or con), and ignore the figures. There's always the exception of course, lol.

I'll concede that point, (admin), lol, I just think that their 'plan' (I mean their original business plan) relied on the best possible scenario in every aspect of their planning, from oil price to reservoirs being high quality long lasting without the problem of hitting water, etc, etc. When I try to budget, with the aim of achieving most favourable outcome, something somewhere screws up, lol.

I've lost a couple before now, and will probably in the future too, I think the first one is the worst, but I wouldn't want to make a habit of it, lol.

To be honest with you, one thing I've come away with is to take those 'governance issues' a bit more seriously in future, they went pretty much ignored I think at the time and for a year or so onwards, since oil was rising in price, and with it the share price, people simply didn't care.

I wonder if he ever blamed everyone else bar himself for a bad investment, lol. He lost a fair bit on Tesco not so long back (last year I think he sold his holding). The thing is, you chose this company, and while it was having it's problems, you were asking questions, not making accusations or blaming everyone and his dog (or cat) for the decline and demise (my money would be on it not surviving admin, that's not deramp or deramp of any kind, and is immaterial right now, lol so I think I can get away with taking a position at this time). you threw out there a couple of points from the last few rns that people abused you for, and questioned stuff, even I had to stop abusing, and go and re-read stuff at times lol. I've found it really interesting getting you points of view, your thoughts about which way to vote (I'll admit the first couple of times you changed your mind, I was getting annoyed, until I realised how much thought you were putting into the situation). I had hoped there'd be more of this here over the last few months. Sadly,you and andy.p were in the minority of thinkers.

I think gloomybare posted earlier a link to one of today's reports, citing governance and communication problems as well as questions over their ambitions (can't quite remember the quote word for word) but they had the same problems back in 2013, people got annoyed with me posting that link, lol, but to the best of my knowledge, no apology or explanation, mea culpa or promise to reform was ever forthcoming from the board at that time or since (until maybe very recently). I think that's a big flaw in any legal argument that alag will have. The question I'd pose to those claiming foul is 'were you an investor prior to 2103 ? If you were, why did you not head the warnings and sell after the revelations in 2013 ? and if you bought in after 2013, did you not understand the governance issues already dogging the company'. It's hardly ever been a paragon of virtue, ignorance of the issues, for anyone hoping for a legal 'do-over', is no basis for a refund, in my opinion, lol.

No. you won't. there'll be nothing. Byebye.

I gotta go, this is becoming tooooooo surreal now. I have a headache. LOL.

OMG ! Now they're asking their questions to the clown in chief !!!!! LMFAO !!!!!

By the way granto, who were the 'experts with inside knowledge' you mentioned earlier ?