Member Info for Matthew125

Ahhhh... My break even is just over 3.2p. I expect a bounce at some point, would 6p be too much to ask!

Bad luck with your short. The markets ignored it for so long that I honestly was surprised at the speed and volatility they moved at when they finally did react! I ended up selling nothing and buying a couple of falling knifes on the way down! Sitting on a lot of dead weight losers at the moment. PDL being a prime one!

2 and a half pence?

Going to average down some more down here?

That would be sweet!

All of the cruse liners carry a lot of debt but I think that CCL's balance sheet looks better than the others. Governments will be queuing up to help these big companies to stay the course. Probably div cut to 0p this year but give it 2 years before this company comes roaring back.

For my sins, I did the same! At least the spread has stayed reasonable... unlike the other day!

Nothing would surprise me at the moment, there are some crazy prices about. I don't really see why this one is getting hit so hard. Big partner, good balance sheet, minimum debt.. Yeah, crazy.

This market will do as it wishes! I wish I had waited to top up! :P

This has to be the worst share I have ever bought. To think that I bought this as a buy and forget, just collect the divs! What a fool.

This clearly is not only company suffering from the drop in oil and gas and of course these prices will recover in time, however CNA appears very poorly run and does appear to be being hit worst than others in the sector. Does anyone have any positive outlook for CNA in the long term?

'Being a Pensioner with little income Ihope the sp soars over the next month. So I can sell and live a decent life. Always 2 sides to a coin.'

I get that this might be a sarcastic comment to a previous one but if you are really a pensioner with little income... why the hell would you be dabbling in penny shares! 9 in 10 (maybe more!) will simply make you poorer! ;P

Indeed. Even with continued downward pressure throughout the markets in general. I suspect this little gem may be able to buck the trend. I have also bought a further 11000 shares today.

Thanks. doesn't look good for AURA.

And what is the point of ad homonyms? 5.5p isn't the greatest offer for what could potentially become an A-Class asset. However, if there are no other offers, you will end up with nothing for your SXX shares.

Take the 5.5p and be thankful that we walk away with something rather than nothing.... and have a look into AAL... if you really see yourself as an investor!

Yes, there will be a vote. You may have voting rights, this may depend on the shares you own and the account you hold them in. If agreed, no you will not have a choice on whether to sell or not but there will be no commission or transaction fee to pay. As previously stated, the cash will just appear in your account when the shares are removed.

What are the chances of a deal going through? Well, this is the first offer, so I expect this one to be rejected and an improved offer tabled. I really comes down to the financial state of SXX and how close to insolvency they really are.

A bit surprised that it is moving back down. I will have to have a think if this is an opportunity to buy more...

Indeed, always difficult to guess a bottom though. I am still waiting for the cash from the GNK sell to hit my account.... Once it does, I may buy more BCN at this level, although there seems to be a few firms looking on the cheap side at the moment!

I had a good look at JDW but they seems to currently be a bit too expensive, I only bought GNK because they looked cheap (and then got cheaper after I bought!). On my watch list though, I may wait a while before a buy another brewer!

I have no cash until GNK gets sold tomorrow.

Although, this feels like a falling knife! Where is the bottom? The income numbers look great and the div makes me feel that this could be a longer term hold for me. Am I missing something?

I'm agreeing with mrcautious here. Aim is a lottery and not for buy and hold investors. I do not like trading but should have rebalanced and taken something off the table in the 40s. Technically, I could still sell some here but my deep held bias in this firm is telling me that this a short term blip and we will not see sub 20 prices.