Member Info for jlovie

This was supposed to be a good LTH in my SIPP.

I've held it just over 10 years but it's now nearly back down to what I bought it at, having seen it over 500p at times and a possible bid at 530p.

I'll probably dump it now (or part of it), it doesn't look like it's going to do much for a while.

A good lesson to take some profits along the way.

A Scotgold mug might be more appropriate.

Or the chance there might be a crash.

"I don't see BUR ever becoming a "meme" stock, it is (for the reasons given) too much of a "black box", and anything to do with the law is probably regarded as too boring."

It became a meme stock when Muddy Waters shorted it.

I think the expression is 'picking up pennies in front of a steamroller'.

Debt at 70% of Mcap, more on any further dips, could start to look worrying.

I'm still watching this and might take a chance on any dips, but still wary.

What's the feeling on the net debt of £13.7m?

When/if the DCUs become tradeable, is anyone looking to buy some if the price suggests a discount?

I wonder if GBG is now vulnerable to a bid.

Might be time to cut my losses, it just keeps dropping on thin trade.

Could the Monty Hall problem apply to this?

Seems to coincide with steph stopping posting :)

It's only a model.

Prior knowledge of delayed results would explain the dip.

Perhaps Argentina is waiting to see if the US defaults on its debt...

I don't like the look of the dip at the end of today, but it might be like Yu Group which dropped the day before then jumped 25% on results. Here's hoping anyway.

Story in Times might be something to do with it.

"Energy suppliers are on course to file a record number of winding-up petitions against business customers this year as companies struggle with soaring energy costs. There have been more than 400 attempts by suppliers to shut down companies to reclaim their energy debts over the past decade, according to court filings. The vast majority were made by British Gas, Eon and npower, now part of Eon. - The Times"

https://www.lse.co.uk/news/tuesday-newspaper-round-up-house-sales-amazon-energy-suppliers-hsmu00qojkrj98o.html

"Can now get a quote for 1.5m. It shouldn't be that easy to buy 3% of a company in a single trade. Just factor it in to any decision making."

Wonder if there'll be a flurry of RNS on holdings.

"If there is zero chance of any recovery, why has everyone not sold all there shares either previously or this morning with the Update??????"

There will be quite a few instances where the dealing cost would be more than the holding is currently worth.

That makes it more cost-effective just to let them get delisted.

"You're gonna need a bigger gun" lol