LONG TERM1 Dec 2021 12:00
We, as been said by us on a few occasions, are in around our 6th year+ in the stock and like you all are very disappointed with the performance of the SP, it should be trading at a discount to the NAV of around 10%. However it is not, so we have to decide whether to stay or go.
Well we are staying, that is not to say we would not sell some if it rose to 12-15p with our cost at 7.5p approx. from the early purchase at 17p. Our continued buying has reduced the average for us, like, we imagine it has for most long term holders by them adding stock to reduce their average.
Do we think it will go up (Seed), yes, but when depends on a number of things. The new wellness portfolio appears to be worth holding long term as it gives a variety to our I.T. holdings portfolio, but we would not hold the quantity we now hold as it is out of proportion to our other holdings. Seed is probably worth around 6-8p on wellness alone, subject to how you calculate figurers, it more or less covers our investment. The wellness section should grow considerably over time, with the SP following after it.
On top of this we hold Leap, which must be worth 5p plus (we hope). Making our overhaul investment look very secure at 7.5p
The next question being is what are the BOD doing with the Leap holding? promises of an early IPO has gone out of the window it would seem. They (the BOD) must make it clear what their intentions are with Leap, along with their reasons for that decision.
Do they think a delayed IPO will see an increase in value? or do they feel that continuing to hold Leap will see Seed benefit from future income along with the value of Leap. Then if disposed of what do they do with the cash from the disposal, no rash quickies in to un known territory. Perhaps a dividend would be nice for us.
So what ever they do, we feel our 7.5p costs are covered by the portfolio.
This defends our position of continuing to hold Seed. BUT the BOD need to start issuing information on what they intend to do with Leap, NOW and at regular intervals in the future.
What you feel you do with your holding is quite simply up to you and you should not be swayed by posts on this site, along with the continued bickering. Just use the information generally available.
Take care all and avoid posting comments about each other. No response may stop people saying nasty things, as what they write is ignored, as it should be.
Sign In
Follow the stocks
