Member Info for ODONNELL

Just quoted 8.614 to buy, until we see buying we are holding fire

WE HAVE A VERY VERY SMALL HOLDING LEFT OVER FROM OUR EARLIER DISPOSAL. wE ARE THINKING OF ADDING TO THIS HOWEVER SEE IS VERY SIMILAR TO FFWD WHERE IT GOES UP AFTER SOME INTERESTING NEWS THEN QUICKLY RETREATS. SO WE WILL SIT ON THE SIDELINES UNTIL IT GOES BACK TO A OFFER PRICE OF UNDER 3P. UNLIKE FFWD WHICH IS AVAILABLE AT UNDER 9P WITH A NAV OF 12P SEE APPEARS NOT TO HAVE THE SAME FINANCIAL SECURITY. IF IT GOES UP WE WILL THEN SELL OUR REMAINING HOLDING, IF IT GOES DOWN WE WILL ADD.

Nice to read Chazzy's thoughts as they appear to be in line with what we have thought and said in the past. Quoted companies are nice for the real NAV, however we must also remember that the non quoted ones are where we get large multiplication to the value of our holding, so a combination of both are essential. As with everything getting the balance correct is the secret. We have confidence in the boards decision making. Not keen on too higher a percentage of our holding in cannabis stocks, (excluding a massive share price rise in them) but a spread with other non cannabis stocks. We imagine they are always looking at completely new young companies to invest in.
Once they become quoted and there appears no more massive price advancement is on the horizon, a sale of the stock is prudent to take the profits with them becoming easier to sell when quoted.
Lord S keeps finding these interesting snippets, so must spend a lot of time searching the news. In the last one posted we noted one person said cannabis does not make the patient high , indicating no side effects, unlike morphine which does affect me, so says my husband.
Onwards with hopefully more new carefully selected companies to add to the portfolio.

RobRoy is pretty well correct, Investors do like to see cash generated and positive updates. However FFWD does not do this and we think they do not even care. What they will do is announce something of great value which will catapult the SP when it happens. In the meantime they will continue to create hidden value by working in the background. The reason we are holding FFWD is because we think it it well undervalued and we can purchase them on the cheap. The other I.Ts. push any minor good event to keep the SP up. If you want the SP to allow for everything good, you buy those trusts that do that and invest in quoted large companies. FFWD is for the person who is patient and feels pretty sure there will be a big increase in the value of their holdings in time and is a bit of a gambler, which is me after years on the racecourse.
If you see any thing of interest, post it but do not keep repeating the same news. along with knocking each other. Some we think post in an attempt to push the SP up, only cash sales or big SP increases in the investee companies will do that in our humble opinion.
This is an investment that once it jumps a lot you take your profit and sit back until it drops in price and come you back in again. For those who buy big companies they will get a small increase year on year, but occasionally these big companies release very bad news and the price tumbles losing you all the little increases you have made over the last few years.
This along with small and emerging I.Ts. do get overlooked but once the FTSE hits a high people look round to try and find something that is not over priced. Then these trusts start to rise a lot once they realise there is money to be made. Of course you then sell the trusts at a high price and wait fore the recoil before coming in again at a low price.

Thank you DOGO for that simple but enlightening reply. We now understand why we cannot buy them.

Apologies for the miss spelling last night. Was not to good after the long walks to and from the bus stop, along with the 40 mile return journey to the the hospital. The body struggles at times to keep up with the brain!!!! especially at the end of the day.

We have tried IWEB for an ISA this year and tried to get PORTAGE BIOTECH PTGEF price up as an international share but they could not find it. Perhaps as their market has not opened. Anyone help us. We tried using the Portage web site "contact us" however the message to them would not go.

Our guess is that people sell FFWD without seeing the latest RNS and those that do read the news apparently were not over impressed.. Disappointed at the sales and few buys, reckon like us, the buyers are hanging fire to see how low it does go again. The MMs seem reluctant to let it go too low.

Just a thought, do we know the NAV of Potage. we assume all their investees ( now that is a new word to us) are unquoted, so any NAV would be guesswork, similarly to FFWD .

Stock dividends we prefer, especially if the company is below NAV. We have just elected to take Sirius div in stock today.

Keep the good work up as we simple do not have the time or ability any longer to delve very deeply.

Just got back from a hospital visit to a friend and neighbor only to find the power off and the better half is unable to reach the fuse box.

Please do not keep having a go at each other, any information is interesting, regardless of your opinion of it, most put far more information on than we do sop do not be critical. Just offer your opinion. . We are all here to hopefully increase the value of our portfolios, so play nice. If you cannot say anything good about anyone, say nothing at all. We have asked this a number of times.

Just got in and the RNS surprised us. We looked back at your posts from 3 pm to see the initial reaction and thanks to Lord S we had the brief initial information regards the deal. We noticed , if not mistaken, while speed reading some of your posts that some of you hold Potage shares. which gives us more reason to be happy with the deal. As you had no doubt researched the company.
However Potage are no doubt not silly, as they realised the point Intensity had reached and snapping them up now was a little bit on the cheap. From FFWD point of view a profit is a profit and not to be sneezed at regardless of the profit % you are disagreeing about. Plus FFWD own part of a number of other young companies which may have good prospects along with a small % of Intensity. We are all for spreading the risk, that is why we buy Investment Trusts. Then of course Potage appear to be a quoted company so no arguament about heir value, they can be sold at any point. Also any dividends are always useful.
Overall we feel it is not world beating news but a sensible one which may add a little to the NAV.
O

Another sale first thing this morning, yet the bid price has gone up.
Garden is like a sponge after last nights rain with water laying everywhere. Still can always hire it out for boat mooring.
Getting very close to dabbling some more in WPCT.
One more week and I can drive. Lovely Thursday week (that rings a bell)

You asked about when we think the results will appear.

We can almost guarantee they will be out in 36 hours, give or take 6 months.

As for being nice, would any of you be rude to a stranger on the street who you pass the time of day with.

Life being too short, you are right there, we only have another 48 years left and intend to enjoy them!!!!!!!

Barwickman got your hands full with the above? Is this a buying opportunity if it returns at a low price?

Which do you prefer the above or FFWD

As you know we are always interested in out of favour stocks, depending on why they are out of favour.

You are correct Matador and when it reaches a £ we will sell half , in the meantime we will just rabbit on meaninglessly!!!!!!!!!!!

At least there are 100,000 for you to nibble at early this morning if you are keen. They are NOT ours.

We are hanging fire in case they do drop before we add a few more in to our ISAs.

Lack of sellers yesterday was a good sign that most are waiting for a price increase before they start selling and recouping their outlay.

They have stopped me from driving for 2-4 weeks after the op, so i am being good and waiting 4 weeks to be safe, but sat here twiddling my fingers. On light duties.

Now waiting to add to WPCT once it has leveled out and add to WKP following the ex div.

As we have said a few times it is a game of patience. However most of us cannot resist the eagerness inside ourselves to look each day.

Just found this still sat here, wrote it about 8.30 am It appears to work better when i press the send tab

You are correct Matador and when it reaches a £ we will sell half , in the meantime we will just rabbit on meaninglessly!!!!!!!!!!!

At least there are 100,000 for you to nibble at this morning if you are keen. They are NOT ours.

We are hanging fire in case they do drop before we add a few more in to our ISAs.

Lack of sellers yesterday was a good sign that most are waiting for a price increase before they start selling and recouping their outlay.

They have stopped me from driving for 2-4 weeks after the op, so i am being good and waiting 4 weeks to be safe, but sat here twiddling my fingers. On light duties.

Now waiting to add to WPCT once it has leveled out and add to WKP following the ex div.

As we have said a few times it is a game of patience. However most of us cannot resist the eagerness inside ourselves to look each day.

Emmac cannot be bad news either. What happens in the far east with cannabis, China etc or are they all high on it anyway?

Hope people do not take us too seriously some of the time. At least we are strong supporters of FFWD

Hello Matador,

Not doubting,

Just whatever we do will be wrong, sods law.

Just looked to see if any movement but none of any significant.

When they stared to drop from 12.5p a few months ago we thought of selling but instead bought in as it dropped. We will do the same again if there is a 2-3p drop.

In the meantime we have

Just opened ISA's to buy more FFWD shares.

As we have said in the past we are there for the long term while everything looks good.

Although last years were on the 6th July, the interim's were not out until 12th Dec. Our guess it will be at least the 12th before the results arrive. Always feel any delay is bad news.
Looking at the trades, we have the nasty feeling we should sell and buy back much cheaper later, If we do then the results will come out and be outstanding and we would miss the boat.

Re longevity, with respect we feel this is not so important as getting old with GOOD HEALTH, vast strides have been made to over come disabilities, but having a long live with a lot of disabilities is not something most relish. So the one of the first in the list for people would be repairing damaged / worn out parts of the body and cures for those assisting those with poor health. But we understand your meaning as a generalisation regards investments.
Should we add today? its wait and see for us and will be a split second decision depending on the price. Under 10 offer will attract us, over 10 we will be happy with the holding we have.

With 46% of the companies they invest in not listed on the web site how can investors make a sensible decision on adding to their holdings.

The temptation is there for us to increase our holding in WPCT but with no knowledge of what the other companies are or their worth it is hard to add more funds. It may be the bargain of the year (after FFWD which is ridiculously low) However the quality of the staff is questionable. He should come clean and let us know what we have invested in and how they determined the NAV.

There has been a lot of big buys, so some are confident. The selling has eased so it is up to us to decide whether to gamble on the NAV of 81p being correct.

We now only buy I.Ts as well, with 98% of our portfolio ITs.

FFWD is a very large holding 7-8 times more than most of our other holdings. Something we do not really approve of. A balanced portfolio should be the aim.

M and G, if my memory serves me right, were the biggest fund managers 40-50 odd yrs ago.

We also bought warrants in investment trusts which paid off handsomely, we were paying around 2-4p for one companies warrant that finished up around a £ as the share put on 96-98p
Shortly after they more or less stopped issuing warrants. Cannot think of the name of the issuer but it started with P and we had paper warrants 10 inches thick.

The sectors we buy in to are ITs that specialise in small, AIM VCTs, Far East and emerging markets as a rule.

We also sold covered options which gave us a monthly income . Wife does not like them but with the monet we make from FFWD (here's hoping) we may sell the odd one again.

We do not buy VCTs at the start or ITs as they usually drop below NAV. However what suits one does not suit someone else. We would never criticises others methods.

Now we are to old to study so much and generally just buy anything that is very low in price, oversold (sectors particularly ) or if it has a big NAV discount.

Hopefully FFWD will be our last big payday, but always ready for surprises. 110p is our initial target.

We had a rule if it drops 10% get out, 99% of the time it pays off.
We did not with FFWD as everyone was expecting "good news in a RNS" "in the next two weeks" so we kept buying as it dropped.
Hopefully some of the investors on here will make a pretty penny eventually.

We all have different ideas and so long as they work then they are ok.
Buy when the blood is running down the gutter and sell when everyone is buying at the top generally pays off.
Reading everyone's thoughts sometimes opens up other avenues. The good info on the FFWD posts kept us going, something we are very appreciative of. Just wish they would not spend so much time having a go at each other though.
We have always attracted weird looks on our ideas, but we are still in the game after 50 years while others have long gone.

Most I.Ts. run at discount 5-12% with just the odd one at a premium such as LTI and 3I Smaller the companies in the trust bigger the discount as a guide. We do have two, excl. 3I, that have a premium of 1-2% 3i. We intend to sell 3I while the other two are well below their highs. so continue to hold them. Running at a discount gives you a bigger dividend %.

Tweeted, you are very modern, not a clue how to do that. Just heard it as i was getting the wife ready to get up. she will look at your link late if time prevails . Do not get old!!!!!!! The pension book does not come alone.
Still a bitterly cold wind here. struggling here as i cannot use car for 2-4 weeks following op but am going to be good (under bosses instructions) and wait the 4 weeks.
Try to look in later if i get a chance, otherwise wait until weekend when we expect you to have got it up to 11p