The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
BUYSELLREPEAT
Please read my post. I didn't say the war would likly last 5 years, I said the effect of the war may last 5 years.
Its my opinion, which as with all opinions may very well be proven to be wrong, but none the less I'm entitled to it and entilted to voice it on a free speech BB. If it doesn't fit your optimistic outlook I suggest you don't read it and just filter me.
I sunk nearly £25k into POLY not long after war broke out, with an average of £3.48.
I never expected the war to last more than a few months, and couldn't have predicted how it has played out.
It now feels like it may have been a bad decision to buy in so early, but only time will tell.
I was aware of the risk, but misscalculated the degree. Thankfully I only invested the absolute maximum I was prepaired to loose, so not complaining.
For me I'll let it ride and see what happens, but wont increase my holding.
I can't see an end to the effect of the war on POLY this year, and probably next year, but a couple of years is nothing in investing.
At the moment I view any SP moves as purely sentiment based, with little changing in the fundemental circumstances in the company.
I remain hopeful that within the next 5 years, a dividend will return, albeit greatly reduced, and an SP somewhere above £5 will be reached. But at the moment no one really knows if POLY will stil exist in 5 years.
Lets hope I'm wrong, the war ends by November and we see an SP of £10 by the end of 2023.
ATB
I'm getting really tempted to add.
huudi
Actually nationally its about one in thirty eight.
I suggest you have made an error.
A percentage of 33% uninsured drivers would make every insurance company in the UK operate at an unsustainable loss.
I suspect there is some uncertainty aroung the change in government leadership, which wont help.
Overall I like SSE a lot and have held stock for a while now.
I'm thinking of adding more but I hate averaging up, but with SSE I suspect there is little alternative for me as I cant see it dropping below my average.
15:01:39 appears to be trading again.
Trades seemed to stop at 14:48:26.
The trades I can view are not live, around a 15 minute delay.
I can sell £10k worth but can't buy £500.
??
All I see is;
'This message has been filtered, please adjust your filters to view'
I assume its the same old poster, and have no inclination to adjust my filters.
Responding to certain posters only feeds them, remove the food and they should dry up and blow away.
MrC
I agree, although I do take a different approach as I'm no trader.
I pick a few companies I think 'may' become main market players in years to come, I buy fully in the knowledge that most of the AIM stocks will not make it, but every now and then there is a winner.
I haven't given up on this, and will hold till the end, it will either be a winner or not, and I never invest big in AIM.
I get the impression there are a lot of get rich quick investors on AIM, and that mentality does on occasion succeed but its rare.
Not holding since Feb thought I'd just check in as MXC is still on my watch list.
Sorry to see little has changed.
The last update from June 8th 2022, shows.......
Henry Maxey 42,898,910 shares = 14.6%
Ganfeng Lithium 25,465,899 shares = 8.7%
Oberon Investments Limited 11,895,633 shares = 4.1%
M&G 11,500,000 shares = 3.9%
I am not sure of the shares held by the BOD.