Member Info for mushroomkid

Yes, well done Coldspy, yYou were spot on. Glad I bought yesterday! In fact, I averaged down here and with another share yesterday and both went up substantially today. I am thinking of writing to the pope to proclaim a miracle.:)

Good luck legsofman. Here's hoping that we get some super news in the new year and the sp will shoot up so fast 14p per share will seem the buy of the century. :) The problem is that we have been so used to seeing that awful red figure for so long it will take courage not to sell up when the first blue one appears. I hope I've got the guts.

Well, I have. My last investment in this share and an overall average of 8p each. I'm either sitting on a gold mine or an ant hill. Fingers crossed! Come on Echo!

As a salesperson by nature I make a terrible buyer but I do remember a phrase from someone or another that stated 'the market is never wrong' and I let this guide me.

The world market is in a terrible state of flux. The trade war between the USA and China and Brexit uncertainty has played havoc with the Dow Jones and the ftse.

I picked twenty shares, well-tipped a year ago, including top ftse 100 ones, for an intended isa portfolio. In the last twelve months, 17 have gone down and only 3 up. The overall current 'loss' is 23% across the shares. (Echo was not included or it would have been worse :) )

The reason I mention this is it seems reasonable to me that many jittery investors, already having lost money, will not want to keep cash tied up in Echo for another four weeks before any further production update. They may well want to move it to other shares where a short term gain may be realised if they are lucky. This and the change of ceo is the final straw for said investors. Hence the price drop imo.

Not me however. I'm sticking and waiting because another quote I remember is 'luck evens out over a lifetime'.

Having worked in this industry for several years and on the consumer sales team of one of the top ten at the time, it is no surprise at all for me to see this happening. The smaller companies come in at crazy prices and a swathe of price-conscious customers take on the new supplier without a thought about it other than the price. These new companies rely on lazy customers failing to switch away at the end of the special rate. The trouble is, these are precisely the kind of customers who WILL switch away. Their awareness is what got them to switch over in the first place. So the model falls flat on it's face.

I had a belief that the best model for a new company would be one where you limit your customer base to perhaps 10,000. You would treat each customer like royalty and it would be quite hard as a customerr to enter this 'club'. You would be very selective , avoid anyone with a poor credit rating, who insisted on paying on receipt of bill, on pay meter (expensive to administer) or too thick to comprehend the maths involved. Your customer support staff would be well educated, intuitive, have exemplary communication skills and be on a pay scale to match. Your pricing would not be a major issue because you would sell and, crucially, maintain a five star service. After all, no-one quibbles about the price of a room at the Ritz! Anyway, I never did anything about it because it would require a bit of 'energy' to get it going and I have since retired.

Having said all that I have no idea why the Centrica price should suffer because of another company going bust. Perhaps it is just a general malaise affecting the country around Brexit?

All sounding good. Does anyone have the share price track record for similar companies in the region? I.e sp at exploration stage, 'discovery' and production? Obviously, world trading conditions are continually changing, including the price of oil but I'm wondering if this price-pattern reflecting expectation, hesitation, realisation and growth is common-place.

Do you ever wonder whether it's only 'other people' who are cut out for share dealing? I wake up this morning, on my day off, to a portfolio sailing on a sea of blue, I go out, full of the joys of the festive season, come back and I've been raided by Somalian pirates. Cue the opening music to Noggin the Nog. :(

1600 for me. Double the current price and two zeroes added for the barrels 😋

I'm going to have some cash available fairly soon and will wait to see the outcome of brexit negotiations before considering this share again within a package of cheap high-dividend paying companies. At these rock bottom prices the concept is an attractive one and could lead, hopefully, to a raft of fair growth/ fair dividend shares. Not yet though, the market could descend further still. I'm waiting to see.

Not much worse than you. I encouraged my partner (she's still talking to me) to buy in at 17p. I sold up when it came back down to 14p and bought back in at 6.2p so ...As for the increase today it's more than welcome! Why I have no idea. The fundamentals have always looked good but it seemed to be on a bewildering and frustrating decline. Yippee to the change!

Of course, the season has now turned in Argentina and logistically it must be a damn sight easier to operate/ move machinery. Here's hoping there will be some good news forthcoming.

Glad I bought in on Friday!

My logic too. I've been looking for a bargain way to access this high paying dividend share and this afternoon seemed just the right time. Guess I'll find out in due course!

I'd chosen just that moment to have a look at how the shares were finalising before the divi. I didn't see the rns' and nearly had kittens for a few minutes as it plunged off a cliff. Thankfully there was a pull back and all is clear now!

I'm 10% down on this share at present but after nearly a year of messing about with my portfolio (I know, they say 'don't mess with it etc. etc. but I did) I've settled on a few shares to leave alone to grow over a longer period of time. Burford is one of the pillars in my portfolio and I'm happy to sit on the holding now.

Rupert Hargreaves was talking up this share today:

https://www.fool.co.uk/investing/2018/10/31/why-i-believe-these-former-market-darlings-could-offer-amazing-value-today/

I've been robbing Peter to pay Paul since every one of my shares took a plunge of late. However, for a long term dividend paying investment, this looks pretty good to me. The current share price would have been paid five years ago and the combined November and March dividend of 78 p represents a 9% return on the current price. Assuming that price is at a low I've taken the chance and bought some more. My goodness the sp might even go up!!! Reading up on the company it seems pretty stable so ...decision made!

Took a chance and bought on two dips recently to average down. Looks like, for once, I've got it right. Having initially bought in at just short of £20 it was looking a bit dodgy, at least for the short term. I'm not a shorter but its a bit depressing to see so much red over my portfolio. I want one or two of these shares to start moving and give me more confidence.

I feel that I have learned so much over the last ten months since I ventured back in to shares but my portfolio has dipped from being 10% up three months ago to 10% down. Today wiped off 5%. It's very frustrating..."why did I not buy today?", "why didn't I just put it into a 1% savings account?", " why do shares dip the moment I buy them?" etc etc etc I'm sure this is a widespread feeling among private investors.

Well I have reloaded on the dip and am putting my trust in the strength of the company. Having bought the first lot of shares at £20 per share it's really frustrating to see it plummet. Fingers crossed this is a general market malaise affecting all my shares. I lost 5% off all of them today day and 5% yesterday. I'm now 10% down on my original investments made ten months ago. 1% return in the bank is starting to look like the better deal. Just kidding. This is far more interesting....uhh I guess!