Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The time to buy is when the shorts start retreating, however until then we pray they get a bloody nose!
I bought this share for £50 per share and have averaged down 14 times. I even bought in the placing at £4.18 thinking that was the bottom. I am still 50% down and got an average of just under £7. It's now my largest holding and I would love to get out of this dog!
I am also disappointed, but if the management are so weak (no opinion) then this will become a takeover target with a good premium. I am going to buy more.....
This is a dog, I have averaged down 10 times, I waited since the placing to average down again and I choose yesterday! I am 70% down having averaged down 10 times...I am throwing my own logic out the window on this dog!
29% up and I am still 66% down. There is only so many times a man can average down in this share.....
I could kick myself, I bought in at 55p - averaged as it fell to 29p with a 41p average. When it dropped to 21p I knew I should have averaged but I didn't so it hurts watching all the short term holders make a huge profit when I haven't even broke even yet - but hey that's how the cookie crumbles. Well done to those who just got in a few days ago - fair play.
Turns out that Monday was the time to sell not buy!
One of the shorts probably got an MM mate to let him out for a 10% discount this morning. They are good to each other.
I hope your right Mary because like Greencore I am a whisker away from breaking even (down 6%) but bought in on IPO at £3.90 and have been painfully averaging down since. I have high hopes for this company still but can't wait to take some money off the table when I break even.
Hi Mary,
I was in at £1.30 but averaged down to 89 so I am a whisker off breaking even, not sure I have the appetite to keep going. I am a large buyer of there product for a supermarket and volume still significantly down vs when offices were full and at capacity. If you believe those days will return then this is a solid play but I am not so sure.
Thanks
I wish I had your faith, it's believing you what you said that has seen me average down from 90% around 5 times and still 50% down today. If you have been holding this share since £52 topping up constantly including the recent Primary bid raising then you can't help but conclude it's going to zero eventually....
I won't top up now till after the results, I think your 100% right correct, The results will be a horror show and this is them getting ahead.
This was a long term play, nothing has changed.
Your comments will be accurate in 10 years time possibly but before electric cars take over there will be a massive prolonged boom in second hand cars as lots resist the move to electric or the costs and that boom only starts when the new market in petrol / diesel cars end which is still 6.5 years off.
In my view Halfords are best positioned at least in the short / medium term.
I am glad I didn't unload - lots of negative comments but 8.2% up.
Usually it's lots of positive comments - get in quick then a disaster drop immediately followed
Lots of chat of low averages however my average is £7 after buying in 2 years ago at £52+ and averaging down 10 times and still sitting on a 42% loss but I refuse to give up! Are there others here who have shares bought in at £52+?
Careful I did that with Direct Line and they were not long in slashing the Divi.
I bought this at £51 a share.
Managed to get it down to £13
I will never forget it was between Asos and Next.
It has been painful.
I had wanted to buy Asos for a while, along came a tip in an article and I thought this is my moment, so I got in at £51 - averaged down at £35 then, £25, £18,£11 and £9. The same author of the article (I wasn't buying due to the article it was just a prompt) is now plugging the same article accept his new target is £12 not £60 but with all the same reasons for when he tipped £60. What a dog of a share! Time to exit I think as averaging down doesn't work here.
I have bought twice, currently down 40% - I'd like to buy more but the spread is always very high 5%+ do other people buy with these kind of spreads ?
I have been sitting on these shares doing nothing for a while now, I bought in when I read an article showing how Ashley's Son in Law stood to make a fortune by doubling the share price. Thought about selling a few times but glad I held. A rare success in my portfolio of dogs.