RE: Holding RNS3 Feb 2022 21:26
Deani0, Schroders is a big company with massive investments. They may have sold (reduced their holding in PFC) for 101 reasons. We will never know. When they need money, sometimes it makes sense to sell what they might be a good long term investment for a shorter time profit or liability.
I've sold shares at a loss many times because I think there is a quicker profit else where and bought back in when/if I made a profit on that quick trade.
You did your research, invested and find yourself sitting on a loss right now, take a step back and remember why you invested.
Shares go up or down for many reasons but the facts remain the same.
A good company will climb back.
It's easy to look at the price all the time and read stuff on message boards and get worried, but the facts will remain the same.
I'll give you a few examples of when, like you I was sitting on big paper losses each time (and some times I did sell at a loss) but a good company will come back.
In the last 2 years.
I've had Rolls Royce when it was sub 90p and now it's 117 and been as high as 140 since.
I've had Centrica when it was below 45p and now it's 77p.
I've had BP when it was bellow 220p and now it's 393p.
I've had ITV when it was bellow 60p and now 112p and it's been as high as 127since.
I've had Vodafone when it was near £1 and now its 131p and been as high as 140p.
I've had GSK when it went bellow £12 and nor its £16.
I've had BT when it went under £1 and now it's over 180p and been over £2.
All that within the last 2 years.
I've grown up with all those companies and never thought they would go bust, but I have worried when my investment had gone into the red.
That’s what going into the red makes you do. It makes you think “maybe I was wrong and this will bomb”.
So now I know. Even good solid profit making companies share prices go down well bellow what I might think they will.
Short term prices will go up and down like a yoyo.
But in the long term, a good company will go up.
PFC is a former FTSE100 company that only left the FTSE250 last year (Cheers Poker).
What I’ve leant is that momentum is very powerful.
Over the last few years the momentum had been against the oil services companies because investment has been down. The SFO investigation had added to the momentum for PFC.
Now things are changing and as the world gets over Covid, the momentum looks like it will be on the side of Oil Services Companies.
You will be fine, but there is no harm in doing some trading when there are spikes.
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