RE: With Profits Fund31 Jul 2024 21:17
From experience AIM goes through some crazy market cycles.. very often sector specific.
Helium has been having a solid run recently just like the hydrogen stocks did a few years ago with most 10 x bagging and then they all fell back 90% so you do have to be nimble.
AIM stocks during covid, it was all about the biotech stocks many 20 x 50.x and 100 x baggers.
Crazy valuations looking back, but there was so much liquidity in the markets due to the money printing at that time, it had to find a home.
Placings were done at closing prices or 5 day vwap, or, (not unheard of to see) premium placings at that time.
Just a guess, but I bet LW Nailed a few baggers in the junior exploration sector over that period as so much money was made by tne PI's on GGP, EUA & SOLG (massive retail multibaggers) - it then all filtered back into the other speculation stocks and AIM really was in full on party mode.
Alot of them have been a shorter's dream for the past 2-3 years as many had been pumped to silly valuations.
Virtually all the 2021 IPO's on AIM have tanked -90% or failed completely as they listed with scandalous baseless £250m+ valuations.
I've noticed that the recent IPO's / RTO's have been fairly valued. I.e cash and asset covered.
That's meant that the traders are coming back in.
August can be quiet. Lots of geo political events gonna happen in H2.
If rates start to reduce, the cash locked up on money market deposits and gilts will need to find a home.
Hot sectors and those that are bottoming and due a correction are my focus.
If you can make money in difficult markets... when genuine liquidity returns, all you guys should fair exceptionally well.
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