My view....! Great company needs a Great CEO!11 Mar 2021 16:21
Investing in AIM is HIGH RISK and HIGH REWARD. You can set your life up with few good bets or you can end up homeless! I look at many factors when I make my investment. The most important factor to me is the management, especially the CEO! Having been in VAL for many years and attending few AGM's, exchanging several emails; I have very high respect for Suzy. I think she is very hard working, decent, empathic, humble, CEO. She genuinely cares about the small shareholders and this is clearly reflected in her actions. Something’s are not in her hand and so she can not respond the way we want her to but I have full trust in her ability to deliver massive value to shareholders in the coming months. I look at the actions of many CEO's on AIM over the years and not many will take quick action to cut costs especially when they are not paying for it. We all invest based on our previous experience and I think I’m a good judge of charter because I learned from my bad experience.
Having been in business for last 16 plus years I understand things take time. With AIM companies running cost make a big difference, as in most cases you don’t have any or little income. Suzy has dressed this head on. Her biggest and the most important decision was cutting costs especially reallocating and reducing wages. Rents in London kill businesses! I have been to many AGM’s and told many CEOs that you can't afford to pay thousands in rents per week when you don’t make anything. When I see a CEO take that important action I value it.
Most investors get very frustrated because they invest all their funds in one or few companies. They invest in sectors that are not in fashion. Last few months it’s been all about Crypto, Covid, Cannabis, and alternative energy sectors. If you didn’t invest in these sectors then you would not have made the big money. If your investment hasn’t moved up then you probably will unleash your frustration on LSE/Twitter, etc.
For me I keep around one third of my funds in accounts that I use to day trade. The rest of my funds are invested in companies that are medium/long term so I’m not too concerned what happen on daily basis. When I make profit in my day/swing trading accounts I invest these funds in my medium/long-term companies.
My biggest holding is VAL because of the management especially Dr Suzy. I’m not worried about what is happening short term. I know she and her team are working hard and I believe in hard work. I believe if you are committed then it’s only a matter of time before the rewards come! She is trying to build a real business with a strong foundation.
As we open up I see money flowing back into sectors that have been ignored. Val should do well going forward as the focus will come off Covid and on to things like cancer.
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