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Dipper crystallized a loss here to do what? lose more pocket money in Avidity which he was bigging up on this board. It's down over 20% in the last month while this is down 17%. Warren Buffett this fella!
My main concern here pre results was there may be a capital raise. I think that risk is very low after the update so i'm happy to add more at this stupid level. It's an opportunity to get your averages seriously down if you have spare capital. Good solid business this is & well managed.This has to be viewed as an opportunity IMHO!
Mavswf, i was referring to this Karl Taylor. & i too am well underwater but this one isn't one that concerns me that much over the long term. I feel it's just being bashed down on the basis of macro issues outside the company's control. I will continue adding if it drops further!
If i'd said on this bb 6-12 months back, what would you do if you had the opportunity to buy NEX shares @80p? the answers would be 'pile in'; 'remortgage the house' etc... Now it is nearly 80p; people are changing their soiled nappy on every penny drop! Don't invest in shares if you can't cope with SP movements!
I always find the technical analysis stuff quite fascinating. Some people swear by it all. There used to be a guy on the BP chat board who seemed to call the movements so well it was surreal. Geng was his name. Hindy i'm hoping you're MCG's Geng!
Yes, i agree. I'm too long in the tooth to get overly concerned as i see very little risk here over the longer term. I'm sure it's near to a bottom level if not already been seen as the yield is edging closer to 10% p.a. regardless of the capital appreciation potential which i believe will become irresistable to investors. Does make me chuckle when peeps with entry prices in the 90s start wetting themselves on a few pence drop here!
Karl,
I have over 200k of these shares now which all agree with you. The drops to the 80-90s has enabled me to drastically reduce my average but still hugely underwater overall. Not concerned though. This will come good at some point & where it's got to has shocked me tbh. Just a patience game this one. good, solid business!
Famous last words. I thought the bottom was 127. It went from there to 147 & all the way back down again & here it is! I hope it is the bottom but i wouldn't call a bottom until this is safely back over 90p!
You're putting your nose on the block there Hindy! LOL. I hope you're right. Looks to be flattening out a bit today so hopefully the bottomless pit has found a bottom. I'll buy another good chunk if we see the 70s here but i doubt it'll get there. Who knows? crazy times!
JG, this has always been a 5 year+ investment. Once the profit turns which should be the next results there should be a progressive growth here like you see in the SP chart from 2009-2019. Yes, the SP is appalling atm but that should change as it is looking extremely overdone now. As i see it this is just a time to accumulate stock on the cheap; take the divis & wait. Simple as that. Watching the SP ticker daily will only drive you either to panic sell or go mad. There are no going concern or liquidity issues here. I'm amazed at all the panic tbh!