Member Info for Notsofastyou

However there is a strong counter-argument to this. People that have bought shares for the payout may be unwilling to sell them again at such a huge spread and make a loss larger than the payout. That may lead them to hold and take their chances. Hopefully this will be the case and there won’t be a big drop in price come Tuesday . I’ll still offload a few if the price rises to around 22p though but will hold a lot too.

19.16 sell and a 19.70 buy

It’s a bit odd today. Says there is still a huge spread but if you look at the trades listed here there is a very narrow spread. 19.16 sell to19.50 buy or something thereabouts. Very strange.

I think it likely that there will be a fire sale on Tuesday the price will go through the floor. I hope I’m wrong and people hold the shares for longer being tempted in by the payment. If the sell price reaches a decent enough price today (21-22p) I will reduce my exposure and risk a bit I have too many of these shares. If it doesn’t rise enough though I will just hold them I’m not giving them away for a rubbish price.

Well unless the spread narrows, volume increases and the sell price rises we are kind of stuck. My concern here is that the price drops after the 28th - we shall see.

Now how do we play this? If volume goes up before the record date people buying for the payout is be tempted to sell if the price goes up and the spread narrows otherwise you could end up with a sharp drop come ex div day and once again low volume and a huge spread. Depends if the volume and price go up and the spread narrows really otherwise may as well hold and take the payout.

It’s just because there is no volume. No point buying or selling this until the volume increases. We are kind of stuck until this payment happens (if it happens)

"The Capital Repayment is expected to be completed later in Q2 2024, with further announcements, including the Record Date, to be made in due course by the Company."

Once again we are close to the end of the time that we were told a payment was going to be made by and we havent even had a date this payment is going to be made. Same as last year with teh divi that never happened. This is very dodgy I dont know how they are getting away with this.

i'm starting to strongly suspect that this is intentional - they are trying to **** retail investors off so that the large sahreholders can mop up cheap shares. how long they can get away with it seems to be infinite becuase there seems to be very littel regulation on this in our stockmarket.

I mean the price movements are pretty meaningless at them moment because there is very little volume its just Market makers with a finger in the air but they really do need to give us a date for this payout - This kind of behaviour is not right and should be regulated. Someone shouls be able to tell these guys "come on enough is enough you have said you are going to pay a divi for over a year now and you still havent.

I accidentally got this one right in that I sold pretty much at the peak but only because I’m kind of doing the sell in May and go away thing this year. I’m tempted to buy back in now though. I wonder if it’s got a little more to fall first. Hmmm.

i tell you one thing for sure if they don’t announce a date soon and even worse if they don’t do it this quarter this share is going to completely tank. they have taken the **** for long enough now.

What we need is some communication with an actual date not just a “yeah yeah we will pay you something it’s going to be nice you will get payment don’t worry brother we will pay I can’t say when but you will get your money don’t worry be happy bro”

When people start using words like “bedwetters” for people who have sold out because of risk and claim to know what the share is going to be in a year you know they are delusional gamblers and you should stay clear of their toxic nonsense.

Actually nothing has changed since a year ago. They say they will pay us something and they don’t give a date and we hold and wait. Still we don’t know when they will get at it just a vague “we intend to pay it in this quarter” or equally vague. It’s starting to feel like we are being played.

Yes it sure would. I have been uncharacteristically patient with this share but it’s not endless and is beginning to run out. I’m 26% down on this one.

You should read the whole article he finishes saying don’t buy it because you think someone else might. Motley fool punt anything clearly get paid to do so.

I had a damn limit order to sell at 98p (slight loss). Just my bloody luck this year honestly.

Right I must be a muppet for buying low and selling high and repeating. If that’s a muppet then I’m happy to be one. You keep holding while it drops you moron.

Cong - This may be news to you but it is possible to sell and then buy again at a different price - wont miss this board at all I wont be buying back in again. This one is for gamblers and the delusional most of whom you will find on this board.