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Once things get back to normal, and as long as people keep on buying over-priced food at stations, airports, hospitals etc, this share should boom.
SSP's premium price model is of some concern. Will people keep on paying a fiver for a sandwich as is the case at James Martin Kitchen. SSP makes Pret a Manger look affordable!
Although I refuse to pay spend my money on SSP's over-priced outlets, I will subscribe to the rights issue shares. I think there are plenty of people who just don't care about convenience food prices.
'Got back in at 310p. Could not stay away for long after buying selling in January at 250p what I bought at 127p last year. . Hopefully it crosses 350p by mid April. Good luck all.'
Congratulations on your last MAB trade. You almost doubled your money. Well done!
I decided to hold on to all my MAB shares for now, though some of my concerns remain.
Having said that, if people do start going out in masses as has been predicted, this could shoot up. M&B has some really strong brands and a lucrative, high-margin food-led business model.
A small typo. Meant to say 'is now reasonably priced' rather than'is not reasonably priced'.
I was going to hold but I'm now tempted to sell up to half of my holding as my profit is over 50%. How could some investors say this was expensive at 180p last summer and is not reasonably priced? Without the recent rights issue. who knows what would have happened.
Looks like there's some momentum with Aviva now and they do pay decent dividends.
Let's see what happens in the morning.
Has momentum changed now or is the steady drop more likely to be due to some investors cashing in?
Got my 12 vouchers today.
Interestingly, they are also valid in Germany (Alex).
I will make a good use of them once the lockdown is over :)
I'm just curious what you think about this one NYSE: STWD?
I bought these first time last summer when the price was below $14. It's now trading at about $24.80. I took some profits recently but left two thirds of my holding. It's still yielding at 7.7%. Last summer it was over 12%!
There seems to be some momentum going on but it's now at 52 week high.
'Well done with your gain but not selling at a loss is not a very sensible strategy, momentum is the main driver of share prices.'
Thank you.
It's just the way I trade and invest. I normally hold my shares for a long times, years rather than months. I've been quite tempted to take some profits on this one recently but I've decided to hold on for now.
I did get burnt with Yell and Cattles at one point. Generally, however, I believe that in most cases, most blue chip and well known companies will regain their value. There are some exceptions, of course. Take Lloyds, it reached 591p in 2007 and is now trading at just above 40p. I'd be happy with 60p and over the moon if it reaches 100p eventually.
Finally got my 175 shares today.
This is my best investment on HL account by miles right now, showing a whopping 58% profit. My overall profit on HL is currently 46%.
I was down by about 25% overall at one point last summer. Many would have panicked and sold 'in order to avoid trades getting damaging'. I did not because I do not sell at a loss. I hold or occasionally average down when the market is down, as I did with this one when the price was just below 160p.
I initially paid 260p for my shares and - oops - they fell like a hell first. My average now is about 207p, including these vouchers.
So expect the share price fall on Friday.
My HL account shows that the money I received for my 175 rights issue shares has now been taken. Otherwise nothing has changed since yesterday. The value etc of my 175 shares is showing as N/A.
Does anyone know when/if these shares will be tradeable? It's about 12 years since I last subscribed to a rights issue and can't quite remember how it works.
I just looked at my two share trading accounts. Smaller one is showing a loss of 1.5%.
The bigger one is up by a whopping 42% sine last summer. At one point I was down by over 25%.
My MAB shares are up by 56%.
'I did sell at 160, I didn't say it was a useless opportunity, I said that there were better opportunities out there. I bought back in because the momentum changed.'
I think your strategy is very different from mine. Did you make money on your other opportunities?
I do remember someone saying that MAB would fall all the way to 50p!
To quote Warren Buffett: 'fearful when others are greedy, and greedy when others are fearful'.
I'm actually more fearful of MAB now than last summer in a sense that I think that expectations are far too high now. I also believe that a lot of post-COVID 19 recovery has already been priced in the shares. Long-term this could well reach the pre-pandemic level of around 480p but it could be much rockier road ahead than many think. I'm looking to hold but apart from the 210p offer not add.
I NEVER SELL AT A LOSS.
It has worked for me and that's the main thing.
Yes, things can go wrong. However, I tend to take a long term view, my strategy being buy and hold.
MAB is a great example of why, in most cases, you should not sell at a loss.
My guess is that this may well fall in the short term.
I decided to accept the 175 shares offered to me at 210p. How this works at Hargreaves Lansdown is that you see the option on your account. Then you click the button and let them know how many shares you would like to subscribe to at 210p. In my case the maximum was 175 for my 450 holding. I accepted them all. You just have to make sure you have the funds available in your account. I think deadline will be on Monday.
A lot of investors made the same mistake last summer.
Not to blow my own trumpet but that's not how I trade.
Many have been panic selling BPC.(Bahamas Petroleum). I'm down like 70% on BHP but I won't be selling. I NEVER SELL AT A LOSS..
BHP is far riskier than MAB has ever been and there's a real possibility of delisting. However, it's still worth a gamble. Most shares do end up recovering. I did lose with Yell and Cattles at one point, though.
I would like to know psychology of selling at a loss as that's what most - even extremely experienced investors do - and many end up losing money rather than making it.
Expectations of this share are rather high right now. I'd say that reaching 350p-400p within the next six months would be realistic but not guaranteed.
Investor's Chronicle rated this as 'sell' in November 2020 when the share price was 214p.
It's alarming how wrong some pundits get the markets.
Funny enough, I discussed this share (and other pub shares) with independent bar owners when the country was just about to enter the lockdown in November. They said that these shares would no doubt rise once the COVID-19 saga is done and dusted.
Precisely.
I hold 24,000 shares at an average price of 1.6p.
I have just short of £400 invested on this one.
No point of worrying too much in my case.