Member Info for ODONNELL

Yes we have found it (LEAP VALUE) worth around £7357 just above the loan. New we had missed something.

Well we tried to warn you that there could be disappointment with the results, which the Statement was to most. We did hope for well in to double figures but not surprised as there was no decent buying before the release of the statement, which is not unusual when a company is releasing results much better than expected. So with only a small NAV increase there were no large purchases before hand.
Just looked down the portfolio list and I must be missing something as I could not see Leap included, except for a £111K loan yet it is quoted somewhere as being worth just under 50% of the portfolio total value. Obviously I am missing something, that is what old age and illness can do to your mind.
If Leap is about 47% of the total value that means it should be about £7000k , but If the others are worth £15000k (51% of total portfolio value) that would make Leap worth about £14000k making a total of £29000 or the 17 - 19p NAV which was our guess a few days ago. Now we know that Leap would not be omitted from the results, leading to the fact we are not reading the results correctly and we are way out with our thinking. so we will look at the results again later to see where we are going wrong.
We are keeping the few hundred thousand share holding we have in FFWD, and we are of course pleased the NAV is more than the average cost of our purchases. A lot will throw their cards in, thinking that they have waited long enough and their money is better placed with other companies, therefor seeing a lot of selling which may get us down to 6-7p making it a very very good buy if you are willing to wait another 12 -24 months and will tempt us to buy more. to be realistic once the results and the future possibilities is realised buyers will pile in to get it up to the 9p mark. Ah well back to the clinic!!!!!!!!!!!!!!!! for another 12 -24 months or until we get IPOs. We will now concentrate on buying other under valued stocks with the few shillings we have left.
Take care and do not get too upset about the results after we had been led to expect better.

Because, as we have said before investors do not like paying above the NAV, and yes we know the NAV is probably too low. It is not just FFWD but most stocks, especially in AIM. Those who will not pay 9p will happily pay 15p when the NAV is around 16.5p.
Over the last few months we have said while the NAV is 8p the stock will not go above it without good new news. We just have to be patient.
Just looked in to see if any one was saying anything new, that was of interest. Otherwise we just follow the SP and trades most days, will try and look in next week or when the results appear. They may be different to what is expected, with us anticipating the NAV being around 17 - 19p when the results are announced. However we may be in for a shock or two.
Ah well have a visit from the district nurse to look forward to . January before we can see our regular Doctor so have to see one who we do not usually see in two weeks, and have to wait until Christmas eve for the surgery nurse for the regular visits for our tests. Now is that not what you all wanted to hear!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Take care

We buy from Iweb with no problems AND VERY LOW COST.

Like any new company they have to show that people buying in to an IPO will actually (in theory) make money in the long term. Basically turnover and profit % (if in fact they are making a profit) are the things that matter along with future outlooks. At least they are keeping the staff costs down with a small workforce, but some may look at that as a disadvantage to growth. It could be a shock either way.
Apparently (So we have been told) some one said we will sell in to a rise in the SP. CORRECT, once it reaches £5 a share we will start selling!!!!!!!!!!!!!!!. Never sold any, only transferred some in to ISAs for ourselves a long time ago. At least we can both have something like £20k each year. Nice late purchase of 100,000 last thing which may set us up for tomorrow.
Hospital appointments this week so will just glance in again each day, so keep buying.

By the time you have realised that you are old.!!!!!!!!!!!!!!!! like us
FFWD is the next amazon. If you can love it. The stocks they hold could be worth a lot (Kmillions)in the future but like amazon etc you do not know until it is be too late for most, others who bought in at 10p amazon and 6 - 8p FFWD were gamblers, at least at the time they were classified as a gambler. You only know it was a shrewd investment when it pays off.
As for FFWD look at what they own. Their star is Leap who make virtual games for bookmakers along with cannabis aand other interesting start ups. Only time will tell.

That Leap will IPO 2021 will settle a lot of nerves and get people trying to estimate what cash they will have for their Rolls Royce, who by the way we are going to buy in to.

Following a 12% upswing for our portfolio this week, thought we would come back down to earth and look in to see what some of you were saying, but it is the usual chat and the usual bit of niggling between some of you.
Approaching 8p and that is were we think it will get stuck unless there is good news or a revaluation. Only those with vision or have had others doing research for them that makes the share look as though it is very very cheap will buy above 8p. So all of you who keep going on about it being worth 30p etc put your hands in your pockets and push it up to 30p, but you will have a lot of sellers making it very hard for you to get to 30p without the good news we are all hoping for. Most investors will not buy stocks above the NAV . A stock is revalued upwards then they buy it instead of buying before the revaluation. Even if it belies us and goes above the 8p mark nothing much will happen until we get the news of what our investments have done. So as we have constantly said forget it and just show some patience. Take care all.

It is quite understandable that you feel like that, at certain periods of time we felt like it too, especially if your average is 20p plus. So long as you do not require the capital just stop looking every five minutes as when it comes it will come with an explosion rather than a bank. We were fortunate that we only started at 17p and carried on down to 5.9p approx. Should have bought a lot more at the 6p range.
After a little up lift with no follow through it is normal for these stocks to retreat and we have found our bottom is around the 7p mark, once under that the buyers step in. Was surprised to see some one selling £800k in 3 lots earlier in the week but there could be a number of reasons for that, such as booking a loss for tax purposes etc. As we have said before we have actually written off the stock in our portfolio as it throws false figures in to our returns. Then when it shoots up to what ever it does we will take some profit and put it back in our portfolio. We tend to look at the RNS each day to see if anything has happened then get on with life and sorting our main portfolio which like most people has done very well after buying in after the February drop. We do not bother reading most of the links placed on here now as they do nothing for the SP. It is doubtful if more than two dozen people even look at this sites posts. We had the good information a few years ago and am thankful for it, even if we are losing, which is under £2k from our holding of a few hundred thousand shares by averaging down. There will be a few who have probably bought in at under 7.5p.
So cheer up and be patient.

You are perfectly correct, however eventually they will be right, we hope, bit like us saying it will snow on Christmas day, but omit to say which year.

These sales at 7.72 are BUYS NOT sales, W e were quoted 7.72 to buy 7.53 to sell.

Looks like you have all been busy while we were incapacitated. It boils down to what we have said for years, that we all have to be patient. May even be a few years yet before we get IPOs or take overs, but they will come . Wish we could have invested more, however we all have our limitations and ours are low compared to some of you but we still expect to buy that 2nd house when the gold mines open. Just hope we are able to enjoy it. Appears to be a few more new names on here which is good and most are not being rude to one another. Our other investments are doing nicely as well, with some still expected to double in value. Cannot have all your eggs in one basket.
Take care all from both of us and keep your research up for those who are in need of it.

Re article in Daily Mail indicating Paddy Power owner raking in £15 million a day as boredom has gamblers increased betting must mean Leap are raking it in as well.

All those stupid people who sold at 7.5p + are NOT looking so stupid now. Wish we had sold at 8-13p and started to buy back now or when it stops retreating. BOD can not do much until the companies we are invested in either get taken over , come out with good results etc. We have written off the FFWD holding so if it does come right it will be a bonus.
Done well with our other investments we went in to this year. if only we had put more in there and waited for FFWD to get to 4-5p

Will some other I.T. or private company look at FFWDs holdings and come in with a take over bid of around 15p
Laugh if you want, but look at MCS sold for a knock down price. It happens.
Do not expect it will, just throwing another spanner in the works. Nothing else but the old ideas and values.

As we have said for months we need very good news to set it alight MMS are just making money with the buyers and sellers matching. Thought we may have had a rise today, but nothing doing. Ah well off to hospital again, perhaps we will get some good news there. Hopefully off the the clubs away game on Saturday, the first life football I have been to for a bit, but we have to watch from the team coach.
Take care all

Would those two 4.30 sellers have sold if they had known about the 631k purchase first thing. Well the MMs are now not to far out, will they push the price up in the morning or try and get more sellers at 7.75. Tricky for them. Pity about those sales at 4.30, it may have stopped a lot of potential buyers following the big buy. Its wait and see time everyone. At least it has caused a bit of interest for us all.

631K SHARES BOUGHT FIRST THING
They did not report it until 4.30 so they could get as many sellers as possible. Scared they would get overwhelmed with buyers of stock they did not have.

Double the amount bought (£39K than sold (£18) in value but the SP still does not move up wards. Market makers appear to either increase or decrease first thing in the morning and hardly bother afterwards.

Think we have heard 6 months a few times over the last couple of years, but agree 30p is possible initially.
Hopefully if we do get good news the price may rocket well before those 6 months.
We all want the same and grip on to any little good news, but we again must be patient, which we have said so many many times before that the key board writes it automatically now!!!

Some interesting news posts on here again from those really good people who work so hard giving us up to date information which for us is really good as we no longer can manage or have the time unfortunately to do it. Again from us and we are sure most on here thank you profusely.
We try to look in every 3 or 4 days to keep up to date and it is nice not to have to sort out the ones who are criticising others first.