Member Info for RazorShultz

More welcome news

Anyone who likes a good company might want to take over BMN. It's the only thing I fear, a takeover at these prices. I'm very in the red with my investment in this company so far. Fundamentals are great, but can't help but fear a takeover from some deep-pocketed conglomerate looking for a bargain. The chinese are heavy investors in Africa.

If BMN went up to £4 I'd quite enjoy that.

Glad to see this excellent interview, and also really glad to see a lot of positivity has returned to this board's messages.

I mentioned last week I made a £5K topup. And I am pleased. The price actually went up after I purchased rather than down, fancy that! Here's to more of a rise coming!

Agree that China is dubious to trust China knuttie, but they are very interested in Africa. Buying up land, towns, settling people there, under the guise of "investment".

Hi Rej, that's how all providers I know of would execute a Bed & ISA. Sell your investments, then deposit the 20K or however much comes back as the proceeds from your trade, into the ISA. Funds can take much longer to trade than shares, so if your Bed is invested in mutual funds, these will have to be sold, and the trades cleared, and the funds then deposited in your ISA. Share trades as we all know are usually executed in milliseconds.

Vauch, depends on your provider. All large providers such as AJ Bell, Aviva, etc, have adapted relatively well to homeworking, and at my place too we're all doing business as usual from home. If they told you in the run up to the new tax year they are unable to process Bed & ISAs, it seems they haven't responded well or quickly to the changing conditions.

Got my £5000 top up! 13.54 paid! Wohoo!

Well, i asked myself "in 5 years, am I more likely to have a big rise out of BMN or an index tracker fund?" And I'm trying to top up 5K. At these prices it's a steal! I'm reassured by the continuous output of highly knowledgeable analysis from the posters here, and the obvious fact we are in renewable energy, which will still be the #1 issue after coronavirus goes away. We are still at the front of a developing industry which will be huge, and have the power to acquire that vital vanadium from our own mine for use in the renewable business which makes us near invincible to any competitors who want to take us on by price. Here's hoping I'm able to buy after the fund finishes selling down!

Good post Derman, understand your view. As for that idiot whatamess he's filtered too. Into the trash he goes

Nah, it's just that I've got tired of coming on to this board every day and seeing posts by fools like you. I'll start posting regularly again when other long term holders do. I'm not gonna waste my breath feeding trolls everyday - you and your little bunch of friends can sit here talking this down all you like, and there'll be no around to listen but other trolls. I'm happy with my investment and will keep adding whenever I can. I'm filtering you and the other derampers so I never have to suffer hearing your tripe again

What funding? Forgive me if I'm being ignorant but I have been under the impression that this company funds itself with the large amount of money it's comfortably making from ongoing operations. Yes there will be a halt, but I don't think we have to worry about BMN ceasing to be a going concern

OMR with that much money, have you looked at BMN? The company is currently selling at a 50% discount!

Consider yourself lucky Delano, you've got a chance to buy in cheap! My average must be around 20p, and I was also in this at 48p.

Anyone who invests in TYM will probably lose money and deserve it too. I was in it years ago and as far as i'm aware they STILL haven't got the storuman license. Stay well away from that company in my view.

I would not day trade anything personally. Buy on the way down, buy at the bottom, buy as long as you're confident and think this is undervalued! I have no idea if this is the beginning of a rally or just some small respite from a further decline, and I personally don't care to put too much thought into it either way. I like my investing to be simple and boring as possible.

You can buy more shares, yes. But your example assumes selling your original holding at a loss to buy more. I'm assuming that you simply remain confident in the company, and use more of your money to buy more shares. Your issue with averaging down is that you might look at spiralling losses if the price continues to drop. Yes, you're correct. But as we were saying originally, we remain confident in the company so don't need to worry about this. We are all operating under the view RDW is a fundamentally good business. The share price drop is merely due to sentiment and market panic.

Discounting all your worrying, you can see the point me and anon3 are trying to make. I understand your point, and if the price continues to drop, then it merely means we were wrong in making the investment we did. But I remain confident, and hope all other readers do too. Markets are looking up so far this morning, let's see what the rest of the day brings!

To clarify the below, If I hold 100 shares in a company at X price, instead of selling out, losing money on the sale, then using money to buy back into the company at Y price, I could simply keep hold of my original shares, and buy at the Y price as it continues to fall, which increases the amount of shares I have overall, averages down my purchase price, and still allows me to keep my original shares, so when the recovery comes, you enjoy a surge due to your original holding recovering, and the new shares you bought cheaply.

As Anon3 said, your approach only makes sense if you think the company will never recover.

The logic isn't flawed. "If I hold shares at £5 and I think they're going to £4 why would I not sell and buy back more cheaply?" Because if you sell shares for a lower price than you bought them, you've lost money. Your lower amount of money would not buy you back the same amount of shares you originally had. So the best course of action for investors confident in their company is to hold.

FilterTips, you're certainly correct in saying you fail to see the logic. If you think the company is a good one, then why would you sell at a loss? If you bought shares at a higher price than currently, selling now simply crystallises your loss. However, if you think the price will recover, then the correct thing to do is keep your shares, and buy more as the price falls, thereby averaging down. Don't sell out if you've got the courage to stomach this downturn. If you're confident in the business, buy more, and when the recovery comes you'll enjoy a surge.