RE: What a difference5 Dec 2020 16:31
FUT1A,
GREAT post and I think all Newbies to GGP and investing should read, digest, and learn from your post, as it contains so much useful advice.. I could not put all my money into just one share, even if it was as good as GGP.. Like you II have spread my money amongst a few shares but not one has delivered the returns of GGP..I initially rejected the chance to invest in GGP at 6p..but I did buy some from 8.8p (just 13,515 shares only), as I was doing everything I could to expedite a transfer of my pension from Prudential to a SIPP with HL...it took a month, and by that time I had to pay 11.8p for each share...and I have bought all the way up to 23.8...today I have just under 300,000 shares, not an enormous amount compared to some on here but I am happy because I am neither greedy nor willing to go 100% in any share. I admire those with 100% conviction but the money in my SIPP is my pension and 40% of my SIPP is with Fundsmith equity which has done well for me, with an average return of about 18% since I invested with them.. Of course Paddy, Hydro, Bamps, Mush, and others are always worth reading and learning from and the guys on here are brilliant in the way they share their knowledge..Fundamentally, GGP is now the most valuable share in my SIPP and I am in no doubt my SIPP will burst through the lifetime limit allowance pretty soon, as some of the other 6 conviction holdings I have, will I believe do what they were bought to do...However, as I write this nothing comes close to GGP and I know, shares like GGP are shares of several lifetimes, so I am grateful for the holding I have, albeit, once my other convictions holdings, start to deliver, I will sell some of them and buy more into GGP, even if GGP is at a higher level; noting, of course, there will be a retracement with GGP sooner rather than later, as no share ever goes up in a straight line...Of course, I have had other success, none more so than SNG, which went up over 500% on manic Monday on 20th July.
As you suggest, the current price will be a distant memory but IMO, the recent increase this week is an indication that the results we are expecting on Monday, is already priced into the current share price...Has there been a leak?, I do not know but sensitive news does get into the hands of those influential people, such as Blackrock etc because their contacts are everywhere. Nonetheless, we all have very sticky hands in the main here and that will allow the price to continue its slow but steady rise in the weeks, months, and years ahead.. Remember, all of those with a SIPP have a fair degree of flexibility, with their SIPP money, as you can use your money to buy commercial buildings, classic cars, office blocks, hotels, pubs, etc etc ...I sold an office building which I owned and rented to my company via my SIPP...that was a poor investment but I did get what I paid for the building after using it as my office and that money is what I am using to buy my shares in GGP and others .
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