RE: Price Target12 Apr 2020 23:33
I think I may have been miscalculating how the sp increases work with regards to holdings, happy to be put straight but I worked it out on the basis that I have laid out £8982.87 at £2.55.68 which has given me 3511 shares in total, I thought that the holding increases by how much your holding is worth at the time so if it theory the sp goes up 300 % from here then my holding would move up to roughly £100,000 as 100 % rise on my current £13,000 value takes holding value up to £26,000 then if it theory it went up another 100 % my holding would be worth £52,000 then the next 100 % gain takes the holding up to £104,000 then the next 100 % gain in the sp would make the holding worth £208,000 then if it goes up 100 % again it would be worth £416, 000 then another 100 % increase in the sp would make my holding worth £832 %? or have I missed a zero off somewhere and I in fact need a 6000 % rise for my holding to be worth over £800,000?
Thats how I came to the thinking that a 600 % gain would make my holding worth £800,000 which doesn't sound right I don't think as I'm guessing it's down to the number of shares as opposed the the holding? anyway like I say happy to be educated on this issue by anyone here who can tell me if the above is correct or not. Thank you in advance.