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Temuchin
Agree the signs were there in the afternoon. Let's hear from SDRY, finance to Feb 2025, recovery stock without JD.
Ian and his wife obviously saw potential and I doubt that as a couple they were bankrolled by JD to stitch up the price higher.
A conspiracy too far fetched.
Watch the space and do nothing rash.
Https://i.kym-cdn.com/entries/icons/facebook/000/035/740/hopium_cover.jpg
Hopium is a portmanteau of the words "hope" and "opium" used to describe a fictional drug to help one stay hopeful in times of stress. It is frequently used in reaction image macros featuring Pepe the Frog hooked to an oxygen tank labeled "hopium". The term has been used among stock market investors to describe market investors who hold on to failing investments out of false hope, and more recently by Bitcoin investors in a similar way. It is also used in political circles (typically by those who lean conservative) to criticize people with hope in certain left-leaning policies. As a meme, hopium is closely related to copium.
Good Morning Gary
A balanced portfolio is key. There will always be duds, but the sun will rise tomorrow. My philosophy is that most paper losses reverse over time.
The increased SPT bid alone yesterday was worth 3 x my total investment here so fortunate too. Never mind SFOR, IAG DLG & JD.
Unfortunately others are not going to have a great weekend here. Unless in an ISA, a taxable loss so still worth your effective tax rate on be it 20 40 45% !
Losses can still be useful against other gains.
Buy the dips, add and trim. The volatility is super at the moment to substantially reduce averages while the recovery continues. Many here have averaged down, mine is currently just under 68p, heading to zero average. Patience is the key. Momentum is upward. Soon will be a trim and add as the spike continue. Trade smart.
Just look at the recent SP travel to see the opportunities.
37 to 53 (16 travel) and also from the lows to the 50/60p brief spike on 22nd (potential up to 20p) and many more opportunities as the SP dropped.
https://uk.finance.yahoo.com/quote/SFOR.L/history
Date Open High Low Close* Adj. close** Volume
28 Mar 2024 41.20 54.00 40.35 52.55 52.55 8,773,288
27 Mar 2024 42.54 43.99 37.00 41.46 41.46 9,822,081
26 Mar 2024 44.00 45.50 43.76 44.52 44.52 4,188,421
25 Mar 2024 43.00 45.50 42.58 45.22 45.22 7,753,269
22 Mar 2024 40.20 55.29 39.78 42.38 42.38
An illustration, not a recommendation.
Many have bought in sub 40p or much lower, perhaps 15p. Will use 30p average in the example.
X = quantity of shares owned
p = 30p (illustrative)
Original investment cost is 30Xp
New 3p issue, say entitlement is 10 for each old share.
Subscribe in full for entitlement of quantity 10X x 3p, again = 30Xp
Total holding in example is 11X (X +10X)
Total cost is 60Xp (30Xp + 30Xp)
New average per share is 5.454p (60Xp / 11X)
Likely share will trade trend higher if the fix is in. The main risk is a share consolidation.
Depends on your funds and the risk you wish to take going forward. GLA.
It is only money, every investment is a risk.Health is more important.
So the company is continuing to trade and a dilutive material equity raise will be required.
Assuming most investors here are not just speculators with this being their only egg in the basket. For them, SDRY only is a part of a balanced portfolio then the investment is a taxable loss unless in an ISA. Money can be made back elsewhere so put it down to experience.
A loss need not define your life going forward. A disappointment for many of course, but you are still alive and breathing. Put it all into perspective.
The long term holders who bought in years ago at much higher prices will have already had to get on with their lives and presumably have adjusted and come to terms with the paper loss years ago. Yes it is not nice to lose money but many long term holders will have exited higher and got on with their lives.
Those who bought in recently like I did, are bag holders here. You made the decision to invest so own it, stop bleating. It was your choice, no one forced you to invest. You made that choice yourself, look around you life goes on. Embrace it.
Options
1 Sell at whatever you can when trading restarts and move on. Live and prosper elsewhere.
2 Invest in the funding at rock bottom prices, if you belief in the brand going forward. Even a 4p 2p 1p buy in may double treble quadruple if the problem is resolvable by funding.i remember the 2p a share Next plc days. Only when the terms are revealed can you make the calculation.
For most, option 1 may be the way to go and live a SDRY free life.
Remember, a share loss is only that, if will soon be only a faded memory. If you had bought a holiday instead then that too would only be a memory and the money also spent.
If you have gambled with money you could not afford to lose then you have yourself in a pickle. However, own it and get on with your life. As said, it does not need to define your life going forward. Unless you let it. There are no certainties in life, no one knows how many tomorrows you have so make the most of life instead of fixating here.
Happy Easter to all.
Mx
Taverham anything is possible. In the next months we have sell in May perhaps. There will be a correction at some point so have started building cash position. In a crash, JD. will be on the radar to rebuy.
Looks like FSTE will hit new highs.
Great week for so many, JD. SPT SFOR and so many stellar moves incl GNC IAG RR. TUI OTB TRN
Mobico, Rank and SSPG.... expecting bid action as well a GNC.
Guinness
I suppose you have a large holding here? 🤔. I outlined my thoughts in the previous post.
Interested in views of others.
The directors see value. I do wonder about approaches coming or already being considered.
Opti
All was well presented and answered yesterday, the Vompound and I even managed to have our 8 questions answered directly 😀 . I liked what I heard and even added another 25% (30k shares additional shares to my holding today. My risk.
Summarise my thoughts
a)The 3rd party claims issue
# Mainly one CMC involved and a legal letter now sent
# staff time and fees per spurious claim
# will persist into 2024
Resolution
# low number of valid claims
# discussion with FSA .. they are determined shortly on the fees and may change the structure change where companies such as Vanquis pay lower tiered referral fees (big boys pay more) rather than one fixed fee
or proposal for the claimant company to pay the referral fee upfront.
b) Product pricing and new products
#Past product pricing, a loss leader to gain volume included an example of an eye-watering -68% return
When Ian McL started management took corrective action and starting to bear fruit in the H2.
# clearly stated yesterday that pricing has been resolved and going forward pricing has been set for contributions to yield a positive ROI
# New products are ready to be launched including ISAs and 90 day /120 day products.. to be rolled out next week.
c) banking with a heart and 'not yet' rather than a no
Great for those needing credit which other banks ignore or debunk. Some of the videos showing were gut wrenching but genuine. Not everyone is fortunate and a simple help with £300/400 product to build a payments history will give many the helping hand needed.
# credit cards are screened and 80% applicants are turned down, but Vanq can offer alternatives from their products.
d) Customer mix, less risk
# the new products will bring in more retail savers. I have been with Vanq for over 5 years as a savings customer. Only had one issue, while not pleasant at the time, was resolved and compensated.
Management
# the old management team have gone, no one believed them.
The new team are tackling the issues head on, proactively and have a clear plan. Seems to be the sensible NI input Ian and Jill(ian) plus a few Southern Irish. All with great experience. They even stopped staff bonuses. Ex Bank of Ireland CEO now in charge.
e) snoop
A fabulous apop with great potential... 👍. Allows flexibility to roll changes same day making business more nimble.
Any I choose to believe what was presented yesterday and the path we are now on is the right one. A few bumps to come of course.
Personal target for me is to get a sub zero holding of around 100k averaging 30p or less and hold forever. At current prices my 1p dividend can buy me another 2800 shares.
Not a recommendation, just a view. Adding and trimming.
Happy Easter
Mx
GLA.
Grabbed 3 additional tranches yesterday at lows yesterday to average down, but what a treat today (37 - 50+).
Have taken the add-ons back off the table as there is too much of a good thing, but fairly helped drop my average cost so a result for now. Far too many eggs here but plenty left in the basket. Approaching breakeven again soon with a further push up.
Been a slog but never give up here. May the £1 party happen soon.