JFTs final thoughts...16 Dec 2018 07:01
I make you right JFT...G performs in a world of its own (Gkp holders
no doubt in same camp).
I have become inured to the patently obvious manipulations here accepting it as the cost of doing business in the London mrkts in a once very high risk stock.... much lower on the risk scale nowdays.
I cannot provide other examples but (i've never met a CEO who thinks his Co is not undervalued), and there certainly would be many perhaps none on quite G's scale of clobbery, now valued almost as a property Co such is the discount to nav.
While the decline in the sp is not to everyone's cup of tea many will be buying/topping up at these bargain prices...I'm sure. Unfortunately I and many others were buyers higher up the food chain and cannot take part at this juicy price.
I sold out and went elsewhere (Gold) since out and my blood thing, since more..so some ya win some ya lose however much you feel your being screwed over as many do here....why bother with profits?
Of course the sensible thing to do is sell and move on if you don't trust the management to look after your interests. A pre-requisite imo in stock picking is do you like the Managers and their track record...I did initially!
But Hayward spending more time on his boat on the Solent than here did it for me.
The nos say they are on top of things but they are way too lax in communicating with the owners....us & (mrkt in general...we suspect). No doubt the iis are up to speed as most still hold and shorts are a miniscule 0.67% so they see value even if others do not.
I chose to add to my blood thing instead of buying back here as i distrust London operators of shares where good stocks are punished for above par results and debt heavy cos and loss makers such as (Hur)... twice our value.....are lauded...shurely shome mishtake?
Anyways it'll be alright on the nite if you believe in Father Christmas,
miracles, £10 a share or Foinavon (won the G.National at 100/1).
Have a nice day!
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