Member Info for Onbeyondzebra

And we finally have it, BBs rationale for the thousand of wasted hours posting and his unbridled bitterness: bought in between £10-£15 pounds, and ‘lucky to break even’ or, more likely, ‘didn’t have the money to average down and lost all my savings’.

Well BB. I also bought in at that range. I liked the company then (as you did)and I don’t think geopolitics out of a companies control makes a company uninvestable. Worse of all, you’ve been accusing the company, and everyone who chooses to continue to invest in it as fraudsters and crooks, simply because you lost money. You should be ashamed of yourself. I feel sorry for people in your position that lost a lot when the SP dropped, but normal investors 1. Average down, sell up and move on. You decided to spend hour about hour spinning conspiracy theories. As my last act on this board I urge you: Go seek medical help!

BV: believe it or not, I’m trying to help. When I was down 85% on my investment, it was because I was taking your approach… believing the assets would do the talking one day. I’m not angry with ANGS, it’s become one of my favourite traders. I’ve yet to see a more predictable AIM share (other than NUOG rest in peace) in terms of its ability to shoot up fairly regularly, and then shoot itself in the foot shortly after. If you know a SP will regularly fluctuate from 50% - 300%, wouldn’t you be stupid not to take advantage? The market cap here is getting into the obscenely low territory, which means there’s not much lower it can go and quite a lot higher. My problem with ANGS right now is I’m just not sure where the excitement is going to come from. And AIM does love an exciting story (see HE1).

BV: I originally bought in at 26p on the way up - not so long after the IPO, no doubt believing all the crap you regularly spout. As a hobby, I've been keeping track of the money originally invested in ANGS over the years - as it was the most I've ever been underwater on a share (was down to 15% of my original investment) and wanted to see if I could get out through trading, reinvesting elsewhere (most recently Netflix & Tesla on the dip), trading ANGS some more. I'm happy to say I'm now up 117% on my total ANGS investment, but it did take all my skills - and some pretty horrible decision making by the BOD - to get me back into the money. I agree with Oktane that there seems to be one way to make money with ANGS and it's not your hold and hope strategy. Or, as an alternative, just invest in better companies.

Btw Oktane: "local trading legend, 0.80 to 3.00 to 0.75" - made me spit out my tea. = P

The only average of mine you need to know is 1.95... the point where I sold my entire substantial holding and began waiting for it to drop back into what I considered good value. At 1.95 I posted and suggested investors consider doing the same - as there wasn't more news in the pipeline to keep it up at those heights - and you, Mr Numpty, called me an idiot etc. You see, my strategy is to sell high and buy multiples with the same money. I've been doing it for years with ANGS, and the company never disappoints (see my comment about a leaky balloon). Everyone here keeps talking about revenue and bridge financing but this is an AIM company... which means sentiment is the only real factor affecting SP. The board spins a yarn about storage or a new side-track and the SP spikes (and people like me make money); they keep quiet for a few weeks and the SP drifts downwards (and people like me buy more... but only when it can't possibly seem to go any lower). I've now set my price target sub .70 (between .60 - .67 to be precise) if it gets there. If it doesn't, I'm happy with my portfolio without ANGS. Something for everyone to remember: Life is always better without ANGS in your portfolio.

Your strategy, on the other hand, appears to be buy relatively low (under 1p), top up significantly higher - you were banging on about 1.40 and then 1.30 being a great top-up opportunities - and then watch the SP tank to an all time low. Your goal is to wait for the blessed day when, what? ANGS becomes a serious company that puts shareholders, rather than the BOD and their mates, first? As I said, its probably best to go back to fixing up and flipping properties - and leave investing to those that know what they're doing.

BV: if any of this is true (which I doubt) I highly suggest you go back to property, and leave investing to others. I also don't find any of this particularly impressive as I - and many others - have several million in property assets. As Bubblepoint pointed out, your posts could be compiled into a 'How not to invest 101' blog. Almost everything you've said about ANGS is in the Naked Trader's chapter on common laments/arguments from loser investors you shouldn't listen to. As an example: your logic on staying long and focusing of the medium term - while ignoring the downward trajectory and not selling on the spikes - only works with companies that don't have a history of printing shares for fun and/or has a major investor that is divesting. ANGS is/has both. I feel sorry for any investors on this board that have listened to you over the last 12 months. There was loads of money to have been made here... but it certainly wasn't through your simplistic approach.

Well... BV you're doing one hell of job with this investment. Banging your drum from 1.95 to .7, the whole time patting yourself on your back, and attacking anyone who's actually making money. As for 'reading' about your amazing investing nous (did I miss it in the FT?), I suspect it's utter BS... like everything else that derives from your keyboard.

I don't mean to be pedantic, but when did 'activist' (presumably short for activist investor) became a derogatory term? It is clearly used incorrectly here, anyway, as I suspect most of the so-called 'activists' aren't currently invested but, generally speaking, activist investors fulfil quit an important function in equity markets.

As for the rest, I tend to agree that the biggest problem on this board is that there has always been a very vocal minority that are unwilling to enter into constructive dialogue, or hear any opinions that conflict with their own. It's not completely unrelated that most (if not all) of the vocal majority are underwater, precisely because they are unwilling to listen to the viewpoints of others.

For instance, I suggested to the board a few months ago that 1.95 was a good price for investors to sell up (and buy back at a lower price). I also said that - from my 5 years of experience holding and then trading ANGS - it's helpful to look at this share as a balloon with a slow leak that intermittently gets topped up (often via sensational RNSs). See last week for an example of this phenomena. I thirdly said that sub .90 is ANGS spiritual home, and it seems to always/predictably return there - no matter how high it gets - and buying above that thresh-hold is fraught with danger.

There is money to be made with ANGS, but taking a traditional long position is a recipe for disaster - unless (I suspect) you buy in at more or less the current range (though I prefer .70 (or, even better, .67) more than .80. Though I intended these as helpful lessons on how to make money with ANGS - lessons which took me 3 years to 'learn' - I was completely (and quite rudely) attacked by BV and others. I'd been hoping that other investors didn't have to learn the hard lessons I did. Now, of course, BV and his clan look like right numpties - having followed it all the way down to its lowest ebb. No doubt they are also completely shocked that history has repeated itself for umpteenth time, and the experiences of previous investors did have some merit... though of course they'll never admit it.

Can I also say that, while I was an investor for years, I still appreciated HITS (often) contrarian views. His posts were well researched and well articulated and acted as a counter-point to my natural rose-tinted outlook. I always thought that ANGS were lucky to have someone put in the time to provide a well-research counter-perspective. Financial institutions pay quite a lot of money to consultants to do just that... and ANGS investors are getting it for free.

Funny Terry. Seems all you do is going from board to board giving dire prediction of every company on FTSE. What happened? Parents didn’t let you dress up as the grim reaper on Halloween one year and this is the outcome?

Angus has reached my target price but, Garwood, buying now would seem for most like throwing good money after bad. AIM imo is purely sentiment driven. A few months ago, it looked like ANGS’ main problem was that it lacked an exciting news pipeline to get the attention of AIM punters, though the technicals looked good. Having been unable to kick their habit of rolling up to Wonga every Friday, the financials don’t look so good anymore, and they now seems caught in a death spiral purely of their own making: Seriously… a 20% bridging loan to pay off loans? Might as well put it on your AMEX…at least you’ll get points. As it turns out, I have decided to invest heavily in an O & G play that is hugely undervalued, at its low ebb, and looks to take advantage of mid-life/end of life assets (DEC). Let’s call it what ANGS could, in a perfect world, be 20 years from now if it was run by competent people. Sure, I lose the excitement of doubling or halving my money week on week, but I’ve decided I’m happy with 30-40% recovery play and the nailed on 15% divi.

Sorry, meant 5% on Nav, which is what I’ve been reading. I do find the impact on the financial year income a little confusing as it would presumably need to be spread over the life of the loan book - which is why analyst are saying it would only reduce projected income by 2% next financial year.

Possibly Neil… it’s impossible to guess the bottom. All you can do is buy up as many shares in good companies when they are obviously and disproportionately depressed. This approach has served me well for years. Whether it drops a bit more or not, I’m happy to have averaged down by 50 p and, as I plan on being a long-term holder, am happy to reinvest dividends at these prices if they stay here. Oversold, undervalued… the terms are being bandied about for technical reasons: Well run, cash rich bank, with a P/E under 4, dividend yield of 10% (not counting special dividends), whose book is still projected to grow by 7% this year. It’s clearly a market over-reaction when a notice that income projections are being reduced by roughly 5% this financial year, results in a share price drops of almost 30%. That’s basically what the RBC analyst was saying… and I agree.

Most analysts agree that it was massively oversold, and that it was “effectively a buying opportune” (RBC analyst). For most, the price target is now double the sp. I definitely took the opportunity to average down yesterday, as I’m sure many did..

All the way down from 1.95 I was suggesting to sell on the mini spikes and buy in lower. There’s more than one way to make money in investing. That was the sound approach and would have reaped obvious rewards. That is not my advice anymore. Current investors have missed that opportunity. The sound strategy now is to follow the SP down and average down when obvious opportunities arise. It’s impossible to find the basement (it might be .85, or .75 or .67…the recent intraday low). It’s incredible that it needs saying, but this investing game involves selling when the share-price is elevated, as it has been the last few months, and accumulating when the SP is depressed. It seems that most people on AIM are intent on doing the exact opposite (topping up at 1.50 and selling up at .91). If that’s your strategy, I don’t think stockpicking is for you and you should consider a market tracker. Perhaps start by reading this: https://www.greaterfool.ca/2023/06/17/stock-picking/

BV’s a broken record. His refrain sounds quite funny now, doesn’t it? Especially his old standard “my average is .95 and those complaining are just the idiots who historically bought badly and are underwater and jaded. ANGS is a new company, blah blah blah.” (I’m of course paraphrasing; I don’t think he ever said it this concisely or eloquently.) Well BV: welcome to the underwater club; ANGS gets everyone in the end. Guess my recommendations to sell at 1.95 doesn’t look so stupid, or cynical, now. Still think you called this one right? For all the reasons HITS outlined, no serious investor would touch this with a barge poll at this valuation. We have now just returned to the high end of the recent historical SP range, and it may well fluctuate between here and .60s before they find a way to pump some excitement into the leaky ballon.

With BB and Karltt the only question is are they too stupid to realise all of this happens exactly like this when a share is about to stop trading on one exchange and moves to another? Or are they just trying to sow fear and discord? The answer I suspect is: both. What a joy it must be going through life being both thick and cynical.

TradePete: Will they let you transfer the shares to another broker? It might be too late, but see if they would let you transfer to Freedom Finance EU: https://freedomfinance.eu/. FF would be fine with the transfer, opening an account is free, and fast, it’s just whether your brokerage allows the transfer of shares. Then you would have them on the AIX exchange and could hold or sell them there when the SP goes back up to a more representative rate.

Yes Carltt. No online trading on FTSE. This is what happens when a company leaves FTSE. I'm glad you finally understood it. Is the tap tap tap the rocks rolling around in your head.

And BB, I do hope when Poly K is relisted on FTSE you do can come back to join us. I'm curious to see whether you'll be man enough to apologise for all your scaremongering. What will you say if all those who did NOT take your 'advice' are doing very well indeed, banking dividends and sitting on a tonne of cheap shares? Will you feel any remorse for having led the weak to make costly financial mistakes... all based on your own blinkered understanding of geo-politics?

My guess, you WILL resurface like a bad smell, but only to double down on your misinformation and doom and gloom predictions. The troubled mind works in mysterious ways.

BB's death throes. As he rocks back and forth whispering over and over again: "What will I do with my life once I can't ineffectually scare people off a share I have nothing to do with but has assets in Russia... and I hate anything to do with Russia and all Russians!" For when we aren't here to help him, I hope he remembers that he always has the option to call 111, and tell them about his 10,200+ POLY posts. I'm sure they can refer him to some good people to talk to in a quiet room.

Ignore Yana

She just starts these innocent discussions as a way to get into her warped political views. I found her “All hail Putin” particularly appropriate, though perhaps not in the way she intended.