The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have been sitting on my hands for over 5 years here. My original purchase of 500,000 at 0.06p cost me £300. My last purchase of 100,000 cost me 2.72p. I am now sitting on 2 million shares that I consider a big boost to my retirement fun.
The point I am making here is that I'm sure you can all make money here trading if your clever. I don't consider myself clever enough to do that and make it really pay.
So for you guys that don't know the ways of the MMs or you are able to predict the hourly ticks in the SP the best way is just to sit on your hands her. If you don't need the money out now then just sit and wait. My original purchase cost me £300 but is now worth £25,000 at todays SP. I know it could fall away and it has over the years but I think GGP is a different animal now. We now have a lot of jam and it looks like there will be a lot more tomorrow (the next two years) There are some people on this BB who could not only change their lives but also the lives of their children if only they could wait a little.
Gymboy
From ADVFN
First time that I see this fund, hopeful a few more will declare.
Marlborough Nano Cap Growth P Acc - 40,540,540
https://www.morningstar.com/stocks/xlon/ggp/ownership
https://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000QKEI
I think those warrants have been converted for a reason. I suspect there are quite a few institutional investors waiting in the wings. I bet the 225 million warrants are to satisfy the needs of bigger fish who want a piece of GGP
After 6 years invested in GGP I keep adjusting my target SP.
I bought 400,000 at 0.06p or £240 (todays value around £12000) and not sold any.
I bought 100,000 at 2.4p or £2400 (todays value around £2900)
I bought a lot more in between those two prices and have kept adding.
I have not sold 1 share yet as there always seems potential for the SP to go much higher.
My point is, as investors in a company you need to keep re evaluating what you have.
My target SP for the last two years has been 10p. That all changed with this latest update. I'm not sure what it is now but its a lot higher than 10p.
For a company the size of GGP this is just massive, not good, very good but massive potential, so much bigger than I ever imagined. A whole new world of opportunity has opened up. I'm not sure about the future direction, what happens with Havieron or any other projects but GGP are starting to be noticed as a very important player and no longer just a junior exploration company.
My advice (for what it's worth) to anyone invested here, at whatever SP you got in at, is that it is going to look like a steal in 12 months time. Sit back, ignore the daily ticks and get on with the rest of your life wrapped in that warm comfort blanket of your GGP holding. Whilst others immerse themselves in when to get in and out of GGP and predict the daily and weekly movements in the SP relax in the knowledge you are invested in a company going places.
Paddygall- I have been here around 6 years and initially watched my 0.3p shares fall to 0.06p. I bought around a Million in that range. Bought a lot more since 2017 and kept buying up to 2.4p back in 2018. Not added or sold since then as something was nagging away at me not to (should have bought more as it turns out. I'm sitting on a nice wedge and could sell them all and be a happy guy. However like you I realise the games played on aim and that fact that value stocks can be played right up to the end game.
So as it stands I still haven't got a clue what that end game looks like or when it is likely to be. So I will wait and see. My target is 10p to perhaps sell half my holding.
Hoping to be like the Leicester City fan who never cashed out his bet but held on for the bigger prize, lets hope so.
Paddy thanks for your research, always detailed with a balanced view.
80% of my portfolio is now GGP. The sensible thing to do would be to sell a few GGP and balance my portfolio. I have been invested here 5 years and bought and sold a few in that time (mainly added more) The story has changed here since NC appeared and now the sky is the limit. I decided this morning to hang on tight, there is a long way to go here. I expect 2p will trigger a lot of sells but I suspect these will be mopped up in time. We may stall around 2p but I have been here 5 years so a few more months won't hurt. I'm in and staying in!!!!