Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Purp's business model was flawed from the outset. No business (along with all the other absurdly named online agents) that charges only £999 for selling a house was ever going to work. What they taped into was the fact that some people will do anything not to pay a fair fee to an estate agent. I suggest the Founding Fathers (or brothers) knew that but they very successfully sold the idea, floated very successfully, had further raises- classic stock market rinse and repeat scenarios and waltzed off into the sunset having sold at judiciously advantageous figures. They certainly disrupted the agency world but to who's advantage other than investors who managed to sell at a profit. They tried to do the whole thing again with "Boomin" but that failed at the second fund raising hurdle.
Dear Tiggerman. As a regular "lurker" and very very occasional poster I just want to add my own condolences to the very sad news of your beloved Susy. You have been a constant in my 6/7 years of being a Greatlander and two years ago when we were all feeling a bit euphoric, and in hindsight very silly , and talked about forming a syndicate to buy a racehorse, you did respond to me as I had noticed that your son popped up on this forum and that made me chuckle. In any event I am sure he and the rest of your family will be the ones to cherish and nourish you for the days and weeks ahead. From your posts and comments I know you are a gentleman. Sincerely Philip J.
This feels like December 2020 when there was much merriment about buying a racehorse called Greatland Boy/ Girl. We can all feel like idiots for not selling in the high 30's and I have had to sell a few at much lower figures to pay for daughters' deposits on houses but even now that still represents massive gains. I am so happy and to be honest really pleased to see Coach 777 is still here and like him (not in numbers) I manage about 4m for family. Most of last year was very uncomfortable but I am now philosophical and will wait patiently. Thankyou so much to Paddy, Hydrogen, Bamps and others for steadying the nerves. My very first post explains why I am here!
This company strikes me as having similarities to Ocado in that its future success appears to aligned with how it goes about its business rather than what it actually does. The analytics and systems are more important than the products. I also like the fact that the CEO gave his employees shares when he floated. For this reason I have popped a few into my grand children's Junior ISA's with the hope that this company might become a Junior Fang.
I did post once before following the 2019 AGM when I asked Gervaise in the Q&A session if GGP was the "real deal" or just another "pump and dump" AIM share? At the end Mr Baxter came to find me and implied it was special. I have a largish holding, built up over the last 4/5 years as do members of my family and even my 17 month grandson has a holding now worth £3000 in his Junior ISA. Buying is easy, it's timing a sale that is so difficult and I am so grateful for everyone's often selfless imput on this forum and while it sounds trite to say we all know who the good ones are. I am hanging on having not sold a bean so far.......and yes a takeover is my preferred option as the decision is then made for you. Good luck everyone and don't watch that film Gold (the one about the Indonesian gold mine that wasn't)!
The business model for agency in currently ******. At last it is finally coming home to roost that PB's business model is fundamentally flawed in that it can never make a profit from merely listing a house for £995, but their emergence has really helped to crush the likes of CWD who once upon a time had good brands but were ruined by the money men/woman. They have contributed massively to CWD's turmoil, but aren't responsible for the dramatic fall in transactions which is totally down to the ludicrous SDLT rates. In the late 80's I doubled my money with what was then I think Hambro Countrywide so I have a nostalgic spot for this. So... I have had a little dabble today, probably a very silly thing to have done although I notice there was a purchase earlier for 10m shares. The people I really feel sorry for are the managers who took their share options at various levels on the way down and must feel utterly betrayed by "management".
I came across AJB when I sold down part of my SIPP through Barclays Stockbrokers and they used AJ Bell. They were a total pleasure to deal with and so helpful. As soon as I knew they were floating all my children, grandchildren, sisters and father opened ISA's Too much of a hassle to swop ours so we only have a dealing account, but as a family we got allocations ranging from 40-76% of what we applied for and are sitting on profits of nearly £50k in 4 months or so. They were brilliant in favoring clients. Hopefully will start paying a divi soon and just deliver over the years. Also their profile is rising every day as seem to quoted in the press much more than HL.
This is my first post on any BB board ever! I have invested on AIM for many years and am probably about even,The vast majority of my investments are in Investment Trusts. My great success was Mariana Resources although it was third time lucky as I watched the first two "highs" and never sold but eventually collected when they were sold and made £35k. Buying is easy....timing a sale is the hard part. So far I have missed two highs on GGP (current price is the third). I am romantically attached in that 43 years ago I worked for 6 months at Mont Newman (sic) and wandered the Pilbara on weekend camping walkabouts, My family and I now have about 3.7m shares and my grand daughter's holding in her Junior ISA is currently about 140% up. I know the old adage of selling half at 100% is what I should do BUT,,,,,I too went to the AGM and those who were also there may remember me asking the "awkward" question to GH. I asked whether GGP was the "real deal" or just another minor explorer on AIM who were very good at raising capital but then not delivering. He gave a very fair response, but afterwards Calum Baxter actually came to find me and basically told me that he would not have taken the role unless he was sure it was. Others may to have heard that conversation. I am no Geologist so all this talk of assay results is way over my head, but like others have stated it does look promising. I therefore truly hope we do get taken out as that is the simple solution. and would solve my dilemma as when to sell!! Don't worry- I know there isn't an answer but decided to share!