Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Good luck bud, you may have to be very brave for a few weeks! On the upside your sp is way better than mine!
Gonna be a hot one.........but not in the workshop, I hope someday trading will let me work from the garden, quite some ways to go yet!
On Friday 52 company's of the ftse 100 made over 1% some as much as 5%
And the point is not one company earning 1% per day but buying amd selling different ones to make an average of 1%, one company might lose you 2% in a day but another makes you 5%
Yes I'm sure it's difficult to get per day.... But to average 1% per day?........... Ah that blows the compounding in a different direction
Well documented all over the place, they had 120m or something crazy and haven't been lending fully for 8 weeks or more the numbers will change significantly as payouts continue and payments received etc etc
I am by no means in big with amigo.... But those who are could surely be making 1% + per day much Easyer than sweating this out?
If amigo goes from 10p to £1 in one year you get 10x your money back so say 10k turns into 100k
if you have 253 trading days and on average you make 1% per day this compounded minus fees
Is about 120k and some change minus fees......
is the juice worth the squeeze? Or am I bieng an idiot?!
Here's a link to his blog (probably already posted) he explains how he sees it, I respect the man for his upfront and honest opinion.
Other than bieng a hero and humiliating the people whom he blames for the demise I don't see what his motivation would be to get involved, I think the Richmond group probably make a **** load more money than amigo, and he already no doubt has more money than most could dream of.
https://medium.com/@jamesbenamor
Drop to 8p Monday 6-7p Tuesday, bounce to 17p wed/Thursday shorters run and back to 10p by Friday!!
Heres my 2 cents (what's left after amigo) I got in far to early at 20p before it tumbled further and further got my position closer to 14p now but never sold when if flew up those 2 days, I from all I've read jb has no intention of stopping the sale of the shares what he hasn't mentioned is if he has a 1% buy instruction he is not going to play all of his cards it would not surprise me that come the end of the sale of his shares he ends up with more money than the 20. 9p offer and a shed load of shares at the same time. Having held these so long I do wonder how much I could have made had I just sold them bought something else with the money all these weeks ago but hay ho, my intention is to hold and hope to make enough to sell some and hold some long term.
Yes I don't really know much but It just seemed coincidental that as the deal was bieng done they were buying shares direct then stopped as soon as the deal off, a company of that size could easily buy the lot if the price was right
May 2020. I use hargreaves lansdown and its in company announcements. The company was the vanguard group.
Also volume @ 13. 9p was 84m
Volume now @ 12p 76m
This with Richmond 1% added.......
Is it possible several actors are buying up large amounts and trading them between themselfs at a certain price keeping it low until the position is set for a take over?
I'm a newb and bought amigo way to early and am holding. during that time I've watched and followed the drama, there was a company about to buy amigo, and during that time.... About 6 weeks ago a large US company who buys undervalued company's were buying shares from amigo and will be in past company announcements and the stopped the day the offer was withdrawn. not sure I can name them here so go look. It appears there are powers at play keeping the price down.