The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
When I read a Buffett quote I know that someone thinks the shxx has hit the fan.
Stay cool, the NAV return on this over the last five years has been 42% 22% 13% 11% and 106%
If the next 12 months is around the 10-20% range I'll be more than happy.
Stat frosty.
That question is asked a lot!
The brokers sell and buy the shares. They have a float, depending on the size of the float and the need of buyers dictates the price set by the brokers.
I'd guess with the recent sell off the brokers have a shed load of shares so they will make the price attractive. If/when the float is looking tight the sp will move up for both sellers and buyers.
Dies that make sense?
In brief- Supply and Demand.
Good luck matey,
I'm sat on 2 million of these at an average of 2.68p. It is my last punt on AIM, it's a flipping jungle.
I'll hang on for another 12 months to see if we get a spike so I can get out....
ITs for me now, steady gains and steady losses!
Lesson learned from this shambles-
Stick to steady returns from ITs.
It is best to not look at the sp too often (although I check it often enough!!)
This has not always been a superstar performer- steady yes, but not Galactic.
18/3/2016 the sp was £2.50. 18/3/2020 the sp was £5.19. With a high of £6.40 during that 4 year period.
Very good performance, no doubt but then we had a blast off for the next 11 months to £14 plus so a retrace was bound to happen some time. If this doubles over the next 4 years I would expect most of us to be happy with an sp of £22.50 in 2025?
Have a good weekend.
I remember one of the more vociferous posters on this board admonishing me because I stated that SMT was prone to volatility....I replied that rising 100% in a year was in my mind volatile. It appears that we are seeing more volatility!
Let's hope it rises as fast as it has fallen.
I really enjoy some volatility when it is going in our favour. Have a good weekend.
Good luck buddy.
As of this week, my family and I currently have more shares than everyone on the BPC BoD except Mr Potter (source bottom https://www.bpcplc.com/investor-relations/major-shareholders/ ). I am currently experiencing a huge loss, so the previous sentence is an embarrassment not a boast.
Starchild, do your family still speak to you?
0.2 Zag? If this goes to that low it'll never recover....
Yes, I bought in last week and I am now 16% down......I apologise to all long term holders!
It'll keep one or two men in a good paid, easy going job until they retire. The "imminent" future is hardly going to be earth moving and I cannot see potter getting head hunted and landing a decent job after this saga, Who'd want him running the show? if they ever get something moving again ie P2 I'd have to have a few grand on it just for old times' sake....it would be like sleeping with your ex!
Gary,
I was not intending to be critical.
Jmannn and two sources supposedly from the Icemax got it massively wrong. Potter and ten years , $100 million dollars of researching got it massively wrong and so did we!
Was it a case of simply being told what we wanted to hear and ignoring any bad news? That just about sums it up on my behalf. However when people were shouting 30-50p I was saying 6-12p, my 12p only looked outrageous when we were stuck 2p from pre spud to results!!
The kick in the nuts RNS landed at 7.04, I had a quick read and I was over it by 7.08.
I sold the lot at 8.00 on the following day, a few £hundred grand down the pan but the waiting was over and a lot has been learned.
It always has been a dog of a share and I was realistic throughout my 12 years invested which is why I have found it easy to write it off and move on.
Good luck with your investments (and the horses)
1.2p
Gary,
Accept the loss, sell the lot and move on. You will feel better for it.
Self flagellation will not put the sp where you need it to be.
Stay frosty.