Member Info for mrcautious

Many people talk of 'averaging down' on these boards but more usually on penny stocks than on FTSE 100 stocks. But it is a very dangerous game and if we all remember what got Nick Leeson into trouble ! I have done it on an AIM share thinking I was smart only to be left with even more losses ! Though none of us could have forseen the Ukr war, and I personally never thought he would do it !

Well one thing is for certain, if there is subterfuge by anyone, ie suppressing SP to acquire stock, at SOME stage the stock has to go up to make the scam work !

You dont seem to understand the index. This still has plenty of MCAP to keep it well into the FTSE 100....

You are right here, the people who cant/wont buy a box of cereals for their kids but think its the schools job to breakfast them --- but they still have to have their £45 a month phone contract !

Barksy - after all these years of REM/KDNC cant you wake up and smell the coffee ? In your defence you have always seemed like a reasonable and well educated person, why can you see that this company has led us right up the garden path while reaping handsome incomes with NO performance related targets to boot !

Very well put McQ, I dont really want to be in this share if it stays pegged at 4p with a big divi but no growth. I sure as hell would never have bought this to pay income !

It seems to me in plainer English that they have spent some or all of the divi cash on settling currency Hedging ???

Used to live near Newbury until a few years ago - had no Idea Idiot Idiens lived in the area. He was another AIM 'journeyman' CEO in my view, ie take the salary and expenses as long as you can and then move on..

Tempted to agree here, blanket posting like this never looks great on any board...

Holding onto 6p+ overnight, now my attention has spiked !

2p would see me doubling but for a lot on here they woul still be significantly underwater -- I have done a lot of averaging down to get to 3p ! You cant ever second guess just how low some of these penny stocks can go...

Only 6 years thats fantastic news !

If the 6p holds then yes....

You are dead right, a crafty way to pay themselves and keep a check on outflows. In a criminal psychology sort of way they are good businessmen !

I'm just waiting for the day when this breaks out of being a zombie stock personally. I have a 3p AVE and have a 5 figure sum languishing in this for many years doing nothing...

Thanks...

Scuse my ignorance but refresh my memory what is the PWC case about ?

Well then thats a VERY wierd way of presenting shareholdings ! I dont see many other companies stating a holding this way very misleading.

Reed is another one of our crop of useless UK Businessmen who we seem to prolifically produce..

Yes - trading bots can really leverage this sort of scenario while its more difficult for the average Joe traders (like me) !