Member Info for psinker

Starting to test the 2012 lows again now we're back below the level seen during the financial crisis?. Surely must be getting oversold at this point? Anyone brave enough to top up? I probably would be tempted but added too many around £4 bringing this to around 5% of total portfolio and already feeling too weighty.

Topped up a few at this level as we're starting to test the major trend line that has formed since 2008. Haven't gone too crazy though as the sell-side has a lot of momentum and could plow on to 400 to 360. Might be safer to wait and see if it bounces from 440 as the upper range points to 580.

The price broke out from the 70-80p range right after they announced the whole company was up for sale on 27th May so it would seem natural for it to fall back to that level now it is no longer the case. Would need someone with more knowledge to explain how selling off the subsidiaries will affect the company going forward.

Just to expand on my previous message which was written like a man inebriated; I put this on my watchlist earlier in the year for a small cap value play but the price shot up prior to the H2 dividend so I held off. It got a mention in the FT on one of John Lee's articles perhaps as it seemed to sort of company to suit his investment style which seems to be value small caps with a healthy yield. Since the price has fallen, it got a mention in a "Bull call of the day" tweet by Zak Mir who saw a falling wedge pattern along with bullish divergence in the RSI suggesting a dead cat bounce. I bought in recently because it looked good value based on the half year results with PE less than 10 and yield over 5%. No idea how it will work out.

Capital only NAV down to 51.71p after Friday so I guess we could easily see this sub-50 should crude continue to slide unless miners start to rally if we aren't there already. I just got a quote for 10k shares at 53.22p so we're still trading on a slight premium which is interesting given the 7.6% discount for BRWM. My average is 77p so I'm quite deep in the hole, but not yet tempted to double down for fear of crude falling to, and staying around the $30/bbl level. I also hold RDSB so double exposed to this risk.

Capital only NAV down to 54.21p today. On one side, miners getting slaughtered, oilers getting hammered on the other. Not even tempted to top up at the current premium. Someone let me know when it's safe to come out from under my bed.

Wouldn't be surprised. Zak Mir said on TipTV the other day that he expected it to go 3700-3800p even if there is no bid going on the technicals. I've been wrongfooted by selling tranches since 2700p when I should have been buying more but this still makes up 10% of my equities. Even so the upside is increasingly limited and the div isn't even that great anymore so not sure it's the greatest buy-and-hold trade around right now.

Might worth a punt here at a quid. Bought a few to go with my buy-and-hold small caps portfolio inspired by John Lee.

Even so, this sell off does seem a bit overdone. It was down nearly 25% yesterday from the close prior to the update. Two large trades of around a million shares each snuck in at 537.5p before the close yesterday so I guess someone is seeing this downturn as a buying opportunity?

Price currently down over 10% from yesterday's close after the close period update announced that revenues would be in the lower half of guidance range. Jefferies expects price to fall 5% but keeps "buy" recommendation on basis that share price is already discounted.

John Baron has recently added this share to most of his portfolios on his website, obviously anticipating a reversal after the price fell to lowest point reached during the financial crisis. Discount has shrunk to around 10% but the yield is attractive at over 6%.

I was an executor for a deceased estate in 2014. We were granted Business Property Relief by HMRC on the ARBB shares so that no IHT was paid on that holding.