NEW INVESTOR20 Apr 2022 11:31
I have been keeping a watching brief on BLU over the last year, and apart from the odd successful day trade here and there, haven't added it my shares portfolio. However, having said that, I am very impressed with shareholders of the company through voting power to make sure there's no further dilution in the share price through an unwelcome placing, as quite rightly, most companies with a small market cap take this route, a lot of the time, just to keep the lights on. So, rather than day trade this, I have this morning added it to my portfolio, as I too believe that the company has at least a couple of gems in its portfolio, and with the threat of a placing, at least in the short to medium term being lifted, feel that there's a lot of upside to come. I'm only dipping my feet in the water with 500,000 shares to start, but like I did with my most successful share (GGP), which I have made a life-changing amount of money on, especially over the last 5-6 years with a holding of 4.5m shares at 3.9p, with the share price currently well undervalued at 14p currently having hit 38p, but like BLU with so much more upside to come, I will be adopting the same approach with investing in BLU, by adding on any dips or on any positive news. So, onwards and upwards! GLA