Member Info for ODONNELL

PYRAMID selling i think you mean it is like, correct me if i have misunderstood you

You have to be careful which you do buy large spreads is one of the bugbears you have to look at. We have been buying them for over 40 years from when M&G dominated the market. Unit trusts do give you more costs that is why we soon moved out of them and in to I.Ts.many years ago. Again with I.Ts you have to select the ones that give you a good return, from with a proven record. If you can get this return without having to spend hours looking at various companies information, only to find the information was flawed, then that's the way to go. We have found that they have given us better returns overall as they can cover a bigger range of stocks, especially new start ups and world wide stocks than most of us buying stock individually can do. As for costs if an IT gives us double our investment quickly then we do not begrudge them having a bigger slice of the cake, so long as OUR return is satisfactory. We still have about 20 stocks that are in the red with some of them having good prospects and others we accept where very bad choices. We will still dabble in stocks but very limited. Perhaps we are too old now so its the easy way.

Not a single buy that tells you everything. Looking at the sales and the losses people have had is terrible. noted one at under 9 pence selling 250000 that means they would have lost �60/70 thousand pounds if they paid around 36p. As we have said we have finished trying to select companies and just rely on the Investment trusts now. as we slowly sell our remaining stocks when they break even, if they ever do

20p Dont think so. A lot are saying what a steal the price is, however they are just trying to get people to buy (which would suit us) to recover their losses. To be honest if it is a steal then you would not have to tell people they would be buying already Even if a company is not to bad, when the price collapses it stays collapsed for a long time. Do you buy when you are telling others to buy or just praying. When do we buy again? well when it is at its bottom. At least it can only lose another 9p. will buy some more at 1p if it looks like the company will survive and make enough money to cover the debt. How a long standing firm gets in to such a state to be �34 in debt is beyond me. did the directors not look at the books or were they to busy having lunch.

You noted that the recent directors share purchase was small at around �10 compared to their sales at �25 before they told the shareholders that their were problems (However did they get so lucky, as there was no bad news about at the time!!) At least the �15 profit per share will help augment their meagre salaries. Bit of hard cheese for those who lost 60% of their investment. There is one point though never buy shares that are around their top price with a big P/E, so many collapse to a more realistic P/E. Perhaps that is why the directors sold and it had nothing to do with the bad news that was coming out later in the year.

We bought sold at a loss and re-bought leaving us just shy of our total investment. We purchase shares to give us an increase on our investment, however all we seem to be doing lately is trying to recover our original stake by buying more shares. OK so we are lousy judges of the stock. The last two years have given us an annual return of 18% pa including the (covered) options we have sold. We have had a few good returns from a few shares but equally we are set chasing to get our money back on the others. (the drop caused usually because the directors made a testicle of their job). I was waiting for this to hit 1000p to have a small profit but every time it gets near it ,as today, it goes in to reverse gear. Why has it dropped back after an interesting start to the day? Is it day traders taking their profit. Short and day traders are a bind, causing the share not to be set at its correct value. Expect in waiting for those few extra coppers we will finish up losing in the end. Once sold the money will go in to the top performing investment trusts which annually show massive returns from the best of them and their price to double in 5 yrs is not unusuall with the active trusts, some get even better returns. the best average just under 100% increase over 5 yrs. Avoid the non active trusts, although they do usually go up it is a boring rise, There are like shares a few real dogs that go down again just avoid them, unless it is a sector waiting to recover then a small investment may prove well worth it. Again with the I.Ts. we only have to check each month who is the best performer over 3 and 5 years and add that months investment money in them.

Was running at a loss until we bought in some more now showing a small profit so although we see 31p as possible this year we think we can do better elsewhere with the quality investment trusts. No hassle with some going up 2 1/2 times in 5 years. 15% pa does us though, so we just buy the I.Ts that show 45% over 3 yrs and 60% over 5 yrs. The odd one does have a poor year but others more than compensate and with them running at a discount that often increases the dividend by 20% for those with big discounts. even an extra 5% on the divy is good overall. Best of all we only have to check witch trusts are doing well when we add to them each month plus any sectors that are well down. Occasionally we get a new one that has proved to be among the winners so we add that one. Keep buying and pick the winners.

We can call us lucky as we bought Accrol when the share was low. We can never understand why people sell out instead of buying in, if this is such a good buy. However if they have sold at 12p and re-buy them when it is 8p that makes them a lot cleverer than us. We tried this once with a share that had dropped over 50% So we sold them with the aim of buying it back cheaper, what happened, well it put 30% back on the next day leaving us well out of pocket. TIP OF THE DAY. Do the opposite to us. So do we buy now or wait until it is a 2p a share. We are still moving in to Investment trusts that have performed well over the last 5 and 3 years. Very little heartbreak or frustration. Selling our stocks as they are in profit or return to break even and buying the Investment trusts. Still have over 20 shares to sell and we will increase the holdings we have in the 40+ Investment trusts. As a hobby we trade the odd option which we have covered to save any big loss and will try a bit of spread betting but the spread they quote is very wide on most of them which has the stock having to 20% just to break even. Only won twice on spread betting. We have noticed that the Investment trusts we buy never seem to hold any or if they do, very little in stocks that collapse. Still have no time for the well paid directors, but the institutions keep them in their jobs as the directors at the institutions are the same well paid part timers.

NOTE THE BUYS OUT STRETCHED THE SELLS BY ABOUT 20% A LOT THINK THIS IS A STEAL

IF THEY HAD RECEIVED A BETTER SALARY INCREASE AT THE LAST MEETING OF THE SALARIES COMMITTEE, INSTEAD OF LOSING SOME INVESTORS 80% OF THEIR MONEY THEY MAY HAVE LOST THEM MORE!!!! WE KEEP ON PAYING THESE DIRECTORS HUGE SALARIES TO LOSE US MONEY WE MUST BE MAD. BETTER OFF BUYING SOME PREMIUM BONDS, AT LEAST YOU GET YOUR MONEY BACK. IN TRUTH WE NEED SOME ONE TO ACTUALLY LOOK AT THE SITUATION HERE AND GIVE A FAIR ESTIMATE OF THE COMPANIES SITUATION AND FUTURE PROSPECTS. ERRORS ERRORS ERRORS EARLIER TODAY WE LOOKED AT THE QUOTE FOR PEY ON HERE AND IT SAID 9.4- 10.2 GIVE OR TAKE A BIT. SO FOOLISHLY WE THOUGHT THE BUY PRICE WAS 10.2 PENCE. BOUGHT 6000 INITIALLY TO SEE HOW THEY WENT ONLY TO FIND OUT THAT THE QUOTE OF 9.4 -10.2 WAS NOT PENCE BUT EUROS SO HAD TO BUY 5935 BACK AT A LOSS OF AROUND �250. LOOKED AT THE QUOTE LATER AND LSE HAD CORRECTED IT TO 988 - 1000 HOWEVER IT IS BACK TO 10.05 TO 10.10 WHY HAVE THEY PUT THAT DOT BACK IN SO IT LOOKS LIKE 10P? SO IF BUYING A SHARE / INVESTMENT TRUST YOU ARE NOT FAMILIAR WITH CHECK THE PRICE BEFORE BUYING. OUR OWN STOCKBROKERS SHOULD HAVE SAID SOMETHING BUT WHEN WE ASKED THEY THOUGHT IT WAS 10P AS USUAL THE INVESTOR IS THE LOSER. WE HAVE DONE WELL OVER THE LAST TWO YEARS WITH OPTIONS AND STOCKS BUT HAVE GIVEN A LOT BACK IN THE LAST 2.5 MONTHS

Well it looks it. Is this one of those shares you look at in 2 yrs time and think why did i not mortgage the house and invest in it or will it be dead. Why if it is making good money does the price keep going down. Some one is pushing it down. Maybe to buy it cheap from us who knows it is a crazy world.

This is a small holding of ours (even smaller now) What on earth are they doing. Not noticing costs rising, wasting money. How do you get that debt, if you are running at loss you either raise prises if costs are sorted or pack in cos you do not know what you are doing. They make toilet toilets rolls, not a a difficult job to make money yr on yr. with common sense. What on earth are they doing. If there are deals and sales for next year which should have come this it may be worth a punt. but you cannot believe anything they say. As we saidf before we are getting out of individual shares (A bit late on hindsight) and in to the profitable Investment Trusts.

LSE says no dividend web fg says 32p div why the difference? Brokers say 454p and 600p target yet it keeps falling just lok at Greene king today. nothing makes sense

another one that looked good with a P/E of under 7 but it keeps falling for no obvious reason. May add to level out. This is why we are changing to Investment trusts. Market seems out of kilt. May be short sellers hoping to make a gain. You used to be able to look at a share and if it was doing ok you bought it now you never know what is happening with the "wide boys" operating.

there will be value here if you do not look at the price for 18 months. otherwise as wisely said sell high buy low. however when we tried this with stocks they went lower when we bought them and higher when we sold them. God must be teling us something. Back to the Investment trusts and be happy with an annual 20 - 25% increase.

You are correct in keeping them until you die, we think long term better statement, as the money you are going to spend may not materialise in your hands as you will be dead!!!!

More buys than sales yet it keeps going down. P/E only 7.5 so a 40% price rise up to 60% is quite feasable will buy again once it stops going down.

We give up after today. Price should be heading up. Day traders, short term traders etc. are there to make quick small profits at our expence. This is why we are gradually moving in to Investment trusts who can double your money over 5 yers, backing the correct trusts of course. Around 45-55 trust can give you excelent returns over 3 and 5 years with no work by us, except to identify the best performing trusts. 100 or so are useless with about 350 giving you an increase of 10% per annum on average. We hold around 40 at the moment covering many sectors and world wide.

only just over 4, it is ridiculous unless you know there is a lot of bad news to come out.

probabley only 66% of what it should be. until the sailsbury incident is answered and its consequensies, the price will struggle a bit. profits up, new big contract but putin down. Long term good buy