RE: Just shows how crazy the market is17 Apr 2023 15:07
QD, i'd agree with that. Not good to buy once the horse has bolted, although catching the falling knife is precarious too. Personally i thought NEX had bottomed @127 in December but here we are!
RE: Just shows how crazy the market is17 Apr 2023 10:36
i pulled my THG last week at 70p & put it in here. 70 is a big hurdle there it would seem. I'd held them for a while & only broke even. I think NEX were about 180 when i originally bought THG so just seemed a better option. THG is up & down like a yoyo.
RE: Just shows how crazy the market is16 Apr 2023 23:05
We all want to catch the lows but sometimes best to get in when the price gets a bit silly. I bought some KCT on Friday for that reason. Probably not bottomed yet but must be close to it..
RE: Just shows how crazy the market is16 Apr 2023 21:59
He said you won't get the opportunity to buy this for less than 150 again. Here we are at 117 & people still moaning for the price to drop more. Madness!
RE: Are shorters really responsible for all the price decimation16 Apr 2023 20:34
People need to always be aware that the share can go lower still. It could go below £1. The point is not how low it can go. That is just a further buying opportunity. What really matters is where it will end up in the longer run. If you can't grasp that then you should not invest in shares!
RE: Are shorters really responsible for all the price decimation16 Apr 2023 19:35
For the SP to rise you need to have a lot of buyers. People are naturally risk averse & like to keep their capital in cash when there is uncertainty. When the tide turns here you will see a significant rerate as buyers return as confidence in the broader outlook returns. That is what happened after the vaccine was announced in 2020. The one's who make the cash are the ones who have the balls to get in at the low prices BEFORE the mood changes!
RE: Are shorters really responsible for all the price decimation16 Apr 2023 19:28
too much microscopic over thinking here. The SP will adjust in accordance with where the fundamentals indicate it should be when normality returns to the market. Once inflationary pressures ease the trajectory will reverse. too much impatience here!
Got holdings in GNC, PFC, SDRY sold my remaining WG last week, took small tranche of KCT on Friday but yes bulk of my investment is in here. Also looking at TUI but that's got a bit further to drop i think.
It is very easy to get despondent/annoyed/frustrated/concerned when the SP has been dropped to such low levels. You start to question your investment & find flaws in the fundamentals & problems with the company which don't actually exist. The 'high debt' argument is the classic one here & is always being referred to by the trolls/deramping brigades who sometimes take a busman's holiday from AIM nonsense to try & instil panic here. If debt was an issue the company would not have reinstated he dividend. They haven't reinstated it with a view to pulling it soon again either. Barring any disaster here the dividend should grow gradually. People here who are invested should stop panicing & relax. Adding as much as possible at these daft prices. That is what i'm doing anyway!
One of my biggest regrets in the last few years was getting greedy & selling out my BP investment. I had @20k of them bought at £2. Sold for a decent profit but when i look now at the divi return, in about 3-4 years my entire initial investment would have been returned to me in dividends & sitting on a huge capital gain. I see NEX as a potential cash cow like that & i won't sell any of them for a good while!
He might have 2 sons at Eton. that's £100k for the year. He can't say to the Provost. I'm CFO of a company and the shares are doing really crap but they'll be double in 6 months so i'll pay you then guv!