RE GARDEN EYE28 May 2022 10:58
I am with you.
Samval will any one answer you?
LEAP: Big turnover, what I want to know is, HOW MUCH IS PROFIT, from this turnover;
Unlike most we will continue to take a small holding in Seed after we, hopefully, have had a good profit from it, as this is the only I.T. as such investing in cannabis etc.
Excluding those who have bought in during the last year and paid 4.7 - 6p How on earth are very long term investors making a profit at 6p? We paid 17p for some 6 or 7 years ago and continued to buy in down to 4.75p leaving us with a 6.9p average, now we are only down a few K with a healthy out look. We all said it would go up, but it is still a shock to me.
Think those who boosted FFWD/SEED 6-7 years ago did have a point , so we kept buying. Now with more luck than knowledge as I approach 80 I can make a real killing if it goes to 19p to sell. but otherwise look certain to sell well above my average to get a reasonable profit.
Again, and I appreciate I have laboured the point, with so many potential sellers can SEED really reach 20p. Not without a lot of buyers paying 20p to get in to SEED, unless of course SEED has a NAV of 30p to attract them. To be honest I am surprised, pleasantly, to see us hit 6p at the end of the week, as I expected the sellers to stop it. Of course these potential sellers can have a mind change, seeing it can go higher and hold or only sell part of their stock.
Success breads success and after years of despondency we may have turned the corner.