The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Morning, I was barganing on some sensible replies, the energy new link was unsder science and energy news, if one opened it read our partners article and there were more links to for example solar energy etc.
It is now crucial that our Board (FM) do something as the peaks and drops occured all last year with good news, all I can do to lower my cost average is use the peaks and drops which i half ignored last year but may not from now on, yes I sold the 80 this morning.
I will now trade more frequently as i'm not sure where we are oin the W and will of course buy lower should we get there again I'm not convinced the overall market has bottomed, wether we drop again may depend on company news but I'm keeping my options open, Yes I have more shares than i need dare i say it.
Having observed the chatter over the past week, and having posted a link to energy storage news that includes announcement from Invinity a partner of ours commenting on were vanadium fills the gap Lithium cant as well as more links to our potential business expansion it seems that it worthy of no comment.
Yet the post called lithium ion cant compete even had a comment early that the tie up BM has created wasn’t mentioned in the article which is to me odd, so I question the point of posting.
The preference seems to be trolls, mm and some other chatter of no relevance seems of more interest than trying to share information that might or at least should be of interest to shareholders.
Some holders SP figures are in the fantasy range, quite frankly given all of last year’s developments the priority of the company is to actually reflect the value of those development in the SP, something that we seem incapable of.
Just found an interesting report from www.energy-storage news on RFB of renewable storage 12 Jan 2020 and at the very end is a link to Invinity Flow batteries suitable for opportunities lithium cannot reach dated 24 April 2020.
https://www.energy-storage.news/
Following on Bumblingfools comments that we may be stuck on AIM for a while longer it means we have a continued roller coaster ride, MM, etc all one can do is buy on the dips to average down further – until the SP rises to above my threshold then I would possibly sell some off watching the HMRC CGT consequences on my section 104.
Yes I am happy to add below my current threshold of 17p for main account, my ISA is restrained by free cash, the only way I can effectively average down is buying on dips and sell on a small uplift, I am disinclined to sell a chunk as potential is looming it’s just when.
Still trying to gather more thoughts on the potential future listing moves (JSE-LSE main market), I agree with the potential of BMN, it’s a developing science that is slowly gaining attention so I suppose we need more time for SP development, I’m still not convinced will our PI actually sell until north of 50p to enable new larger investors in, so Rights issues send to create shares at a discount, when cash is needed, we may be neither of those scenario’s.
Gr33ning68 Hopefully you will get them less than 15p however I’d be delighted if the sell price reaches close to that, FYI I bought on Friday in around a 10 min time zone £44 when the buy price was £0.12995 and the sell price was £0.12950 and which I found unusual at the days end approx. 13.30 and 12.82 a more usual spread, why it was so close earlier I do not know however my buys did prompt some mm manoeuvers chat so I posted mine for clarity. I would never post my limits just in case!
Your thoughts on reasonable value umm - never even considered £2.50, I break even at 18 so an extra 48p upwards I will have done well anything more I may have to emigrate again as covid treasury recovery may make tax changes to CGT, as I worked offshore my wife likes 6 months of me away and she likes the £ support, as only 25% are in my ISA I dread the thought of the tax aspects of your preferred value! (even Sp Angels 85p I find wishful thinking, problematic maybe more manageable though).
BumblingFool, thanks an interesting view, another 6 months of aim means a helter skelter for a while longer, it may tempt me to trade a few as opportunity arises though fundamentally I’m holding, especially if I have bought more on the drops so far and might continue but only below my real cost otherwise its very capital consuming for a very small difference, let’s see, I did contemplate selling on the last spikes even the recent 16.5p but didn’t.
I took the risks on March 23 to add stocks so approx so reduced my losses and thinking a W not a U or V is more likely sold most out again. So if BMN add 5.5p I am just even for the whole scenario!
I am still cautious as I think BMN are a good longer hold for lots of reasons, the others down are mainly also miners with potential, so I hope BMN does not revisit 10 it will upset the applecart and force me to add to average down again!
We do need some action from FM and the company however.
(just discovered how open a new conversation) this was tucken in another)
As senior managers were hired to advise on progressing to a listing off aim to Johannesburg and Lse main market (no known progress), if we dont require additional funds and wish to avoid dilution given that most of us are private investors what are the options to increase share avaiability to interest new large investors without dilution. ?
Sadly it perspective and timing, although i have sold a few I have bough considerably more, if one had sold some of the 29's and 24 this year you would have great gains however I am really into this for the longer term so there is reluctance to sell down and on a spike, so any of us in the past probably 2 years is either at a loss of breakeven assuming joining at the low 20's range, yes I have marginaly averaged down but mainly by adding!
we do neeed some stability opnSP given all the progress logically 20 something would be reasonable as we anticipate an interesting future of new energy solutions which is there, the crunch comes when / if it does go up a bit given the past few months does one average down and reduce holdings as a consequence, regardless management action of some kind is required. Yes I have surplus shares I suppose.
Yes it would be useful however another question looking forward:
As senior managers were hired to advise on progressing to a listing off aim to Johannesburg and Lse main market (no known progress), if we dont require additional funds and wish to avoid dilution given that most of us are private investors what are the options to increase share avaiability to interest new large investors without dilution. ?
Alfacomp, I'm sure we'd rather see buy in the pattern than sells, like many I'm full of hope at some point we head north, in the press there seems to be a growing awareness of battery storage, however I belong to the W shape 'recovery' concept, the horizon for BMN looks better than many companies out there, hoping we dont revisit the sub 10 again however i am prepared!
ps although I am guitly of buying 310,000 selling 100000 I am happy to further identify them, I am not a mm, its just convienent for me as the buy and sell price was almost identical and was for about 10 minutes or so, took the opportunity, cheers
It not quite what you see - I bought and sold different for different accounts, 3 buys and 1 sell sort of similiar figures around 100k, bought 100000, 120000, 90000 , sold 100000 at near to dammit the same prices it has since dropped to sell nearer 12.675, as a result I have added to my isa ans main account maybe a bit earlier than planned however I do have a few spare to sell if we creep back upto the 15p mark or maybe one day higher my average on both accounts just below 18p am as such a longer term holder. GLA
£0.129950
£0.129950
£0.129990
£0.129500 sell