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This morning I bought 10,000 shares at 107.00 and then a further 1998 at 108.5. I’m still heavily down on my large holding , but the trend is in the right direction, the dividend is soothing, and I’m assuming the shares are exempt from iht. As I’m 80, this is a highly relevant factor for me.
I have made two substantial buys since lunch, both at 163.80, and a small third buy at 163.975p. All three are showing as sells!
Very frustratingly, I have been unable to trade on my HSBC InvestDirect account. Technical issues, they say. That’s enormously irritating, as JIM is now down not 20%, but ‘only’ 14.84%
Mr Market always over-reacts, up or down. More than 20% down currently, in this case. Surely a buying opportunity, if one has the nerve - and the funds? (Of course, one always has to beware the dead cat bounce, but in the longer term the dividend is very tempting.)
Definitely not!! Sp down 18%+ this morning
Not quite yet. Profit taking pulling ITM sp back?
In my view the RNS is exceptionally light on detail. This makes it largely valueless.
‘Also, people are not very patient these days.’ Including you, apparently.
Polx is now my largest holding. I expect great things. But it’s no use trying to talk the sp up. A share is worth what people are prepared to pay for it. Patience, patience.
For god’s sake get a grip! The sky is not falling. Do not invest if you can’t take reverses like this.
Mr Market can be very foolish in the short term. The market regularly over or under responds to news. This is a sound company imo. I’m holding long term, and expecting some bounce in the next few days.
Hence the sharp rise in sp this morning, no doubt. I will wait for the froth to ssubside.
Patience, patience, patience. This is likely to take months. Posts like this raise expectations that are all too likely to be disappointed.
Meanwhile, I hope that 60p has been set as a floor price while we wait. That’s fine by me.
Very light volume today: likely to exaggerate movement up or down.
I think I detect some nervousness and whistling in the wind in recent posts. I well understand why people who have invested heavily should feel the need to reassure themselves. I myself feel very relaxed about my investment in POLX. I increased my holding substantially near the bottom, and I am selling none. I have great confidence in the long term prospects, and my main fear is that the company might be taken over far too cheaply.
No longer!
And Ratcliffe is a Brexiteer, isn’t he? What a stirring vote of confidence in Global Britain! Plus he’s building his new Defender in France. And he’s based in Monaco for tax purposes
What’s happening this morning?
A necessary consolidation or mini correction. Nothing goes up in a staright line.
Bilboburger tells us that retail investors could have bought in at sub350 last year. Absolutely correct. Anyone, retail or otherwise, could have bought in - AT THE GOING PRICE. The difference on this occasion, if I may say so, is that retail investors were given no opportunity whatever to buy at 400p. This seems to me to be a very poor way to treat existing retail investors. It is no doubt legal - that’s not the point - but it treats us pi’s with contempt. And if I had bought yesterday at 480p I would be spitting blood.
I should perhaps state that I am in good profit. And I bought more this morning at a fraction over 431p.
Well, I have (possibly foolishly) bought another 2600 shares at just over 431p. Hoping that we don’t drop to 400p, or anywhere near it!