RE: A PLEASANT SURPRISE13 Mar 2019 12:10
Hi Daisan,
We can always find the odd exeception to any rule. I don't follow AAZ nor CGH, so I can't debate those with you, but, with respect, what you say about AAU does not back up your point. You have chosen a very limted time frame to show a rise, but look at a longer time frame. Believe me, I know, as I have lost a lot of money on AAU and in fact AAU proves my point.
I first bought in to it years ago. It is a well run company, the management seem to be getting everything right and it kept coming out with good news - but the sp went only one way - down. After putting up with it for a long time, I got fed up of it and sold at a loss.
As you say, there has been a recent rise and I was lucky there, as, some months ago, I thought that AAU might be a case of "It's different this time", and so I bought back in. I was very lucky in catching the bottom and I have now sold them at a profit, but not enough of a profit to wipe out my loss on the earlier years when I was in it.
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As for my point about a rigged market - there is a battle going on between market forces and the price riggers, and there is to-ing and fro-ing. Some prices will go up, but then, more often than not, they drop back.
Now that SHG has broken through the price ceiling that seemed to be in place, I am hopeful that market forces will eventually beat the riggers and help SHG to rise to its true value, making it one of those exceptions to what I said about never going up. Another one that I hope will rise due to market forces is TSG. I don't think the market can ignore the sizeable dividend for much longer.
GLA and may market forces rule.
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