Thanks to all of you and GL with your investments. I already know that I'll keep an eye both on the sp and on that board, I mean I did it daily for 4 years, I won't be able to stop, on top of the fact that I still have the tiny "shared" holding with my relatives. All the best !
Hey guys, Maybe some of you will remember me, most likely most of you won't. Have been here on and off since 2013. Have been there since the "early" QPP days, having bought around £100'000.- of QPP at 0.18, 0.19, 0.21, 0.22 and 0.25, had more than doubled my investement at some point, in like litteraly two months, when the sp was at 0.44. This point in time marked the beginning of the end, with Gotham on the one hand and Terry on the other, who was stating crap which never materialized. Have been hoping for 4 years now that something would come good, but today is the day I sold my entire holding in WTG. Still have around £20'000 worth of old qpp, probably around 2k now (^^) on another bank account shared with one of my relatives, but this will die slowly, and my real holding was the one I sold over last Friday for roughly 30% and for the remaining today. My main holding is now gone, as I have now finally accepted my loss, which is huge, and I am happy that I sold. I thought there was some hope with WTG, the purchase by S&G, new management, but as always with Quindell, nothing happens as planned and now S&G has claims, and the new management has not delivered (but could they really after the mess they arrived in), and more importantly, there has not been one single piece of good news over the last 2 years or something. Price has only decreased over the last 4 years, pretty much regularly. I also don't see today what could make it rise again, and what I know for sure is that I will never have my investment back, and not even 30% of it. Before leaving, allow me to : 1) Wish all lth good luck, hope you ' ll end up better than me. 2) Say a big f*ck to John Terry the ugly moron who said, among MANY other things, that entering the FTSE would be like "ticking a box". 3) Say a big f*ck to Gotham which, although sheding light on some true and worrying elements, also spread crap which was totally false. As a final note, I have two smaller investments left in AIM, that were made 2-3 years ago, but have never since then invested in the AIM again, and will never again after I will have sold those two others. This is a crappy and corrupted index, on which only traders really can do something - and despite all the good-fortune tellers on these various boards, I have not really met many who have succeeded on AIM. See ya, elsewhere, and GL to you guys ! Roc
It s just never gonna be over with this share, bad news after bad news and nothing satisfying over the last two years. Been there since the QPP days and this is by far the worst investment of my life. Just hate this share, it's over, always was in fact.
That would be great, maybe we would like see the sp gain 1% or something. This is so sadly hopeless. Losing so much money on this share which just won't stop falling no matter what. Been there since the qpp days, when it was so bright. Since then there has never really been any momentum going on. We now have to gain like 50% simply to be back to where we were a few months ago. This share really is quite pathetic.
That's a joke Adrianz ? And you ask me to read the RNS ? Now may I please ask you to go and read all operational updates RNS over the last two years ? I don't care about "operational progress" in the last two years, since the result of that, and I am a LTH since 2014, is the sp having gone from 20p+ 2 years ago to 10p- today. This is clearly not the best team, Clive has been awful at communicating and the operations have all met difficulties all the time. 2 years ago they were full of promises which were not to materialize in 10 years. At some point potential is nice but you have to look at the sp. I am an investor and this is the only thing I care about, period.
How can it be that they encounter problems on each and every operation they carry out ? Just f*cking insane how nothing never goes smoothly with this company. Litteraly nothing for the last 2 years.
Have no trade since 7.13 uk time, that is 15 min ago, sp seems to be stuck !! Can't be that long an action, right ?
"this is why the price is holding up". The sp went from 24p 30 months ago to barely 9 at the moment I write. It has to gain 175% to be back to where it was in 2014. That's what you call holding up ? You may think that 2017 will be an excellent year, but the thing is that in 2015 you posted the exact same about 2016.
Yeah it happens, the problem is that only that kind of stuff has happened over the last two years. And even though "it happens", I would not exactly call that being "on track and on plan" !
Yeah, it totally was their plan to "miss" the perforation. The problem with you is that you never face the reality.
Agree. The management - Clive included - are a bunch of amateurs, they have been doing wrong everything they could do wrong over the last two years. I think it becomes obvious that some of the stuff is mere bs. No company in the world would have missed the perforation (especially after all the issues there already were before), yet moved the rig to another well. smells like BS, pure and simple.
Yeah it s absolutely pathetic, and most likely made up, or plain lies. At some point too much is too much, they have had so many issues now they dare saying that it's absolutely insane. Completely mystified by the statement as well. And the fact that they cant re-do it because of having moved the rig. Rofl. Now wait for them to say they have to re-perforate A5 but cant do it because they moved the rig back to A6. I m not out because I am at too big a loss, but I just hate those guys. Never seen a company run like that, those are just amateurs who have no clue whatsoever of what the f*** they are doing.
Funny because in 2015 you were there for 2016. Let me guess, when the sp will be at 4p in 2018 after they have met 98 new issues they did not think of, you will be here for 2020, right ?
But the facts are here, not a single RNS over the last two years has brought good news and had a real positive on the sp. Which is why we went from 24p to barely 9 p now. This company is run by amateurs, every single time they have problems, no matter the operation they were doing, it never comes good. It seems almost to be lies after lies, as I can't believe there would be SO MANY issues on ALL wells. Now we just lost three more months for basically nothing. Have never seen any drilling company having so many issues, they are clearly not at the level they should be, its getting absolutely pathetic. Two years that we have been waiting for some kind of positive news, while the sp has now to triple to be where it was in August 2014. Just pathetic. Can't wait for the next RNS where they will be making up yet another problem. Still have way too many shares, but this is one of the crappiest investments i ve made in my life.
If by stability and IIs you mean a sp that is slowly but steadily decreasing, which is exactly what the sp has been doing for months now, then I don't agree. As for last consolidation it did not exactly bring stability did it ? Right after consolidation it was simply awful if you do remember. And anyway I did not see this argument mentioned so this is pure guessing on your end. You may be right but its not sure at all yet. The thing is at least you are balanced when you write and discussing rather than thinking only your opinion matters, which makes it always pleasant debating with you GS, but it has to be said that you will never ever criticize anything that is being done by the board. Being a shareholder does not mean that we can't complain - even though you did not criticize me for doing so - it is actually the contrary, it is being a shareholder which entitles us (imo) to complain. We'll see but I Am everything but convinced by this consolidation. This is especially true because of this awful and corrupted AIM index. Tactics are much easier to put in place on a sp of 80p rather than 8p. And we have seen it already quite well, so not sure why they wanna make the same mistake all over again. It has been said numerous times that when we went as low as 35 p, which would have meant 2.33 old sp, we probably would not have gone that low with the old sp (id est to 2.33p) whereas we were at 45p, still old sp, a few months before. You know, there is also the psychological effect, when you sit on a share at 35p, you still think I still got somewhere it could be even lower, whereas when you are at 2.3 you feel like you can't lose much more / have already lost everything. Even if you own 15 times less shares, that's just the way it is. Last but not least, changing the way sp/shares are in the market all the time, post consolidation for instance, we lose all of our points of reference.
So another question now : Why ON EARTH do they consolidate again ? Let's face it. The last consolidation has been one of the very worst thing that happened to this share. It was intended because we were about to pass the "tick-box exercise" of being promoted within the FTSE 250. We did not, and still went ahead with the consolidation which was awful, to say the least.. So now, let's say we fall to 7 p, or 5p or 10p for that matter. The only good thing is that there is little to lose, but it can easily triple etc. Where as if we go back to a consolidated sp of respectively 70p, 50p or 100p, then of course there is much more to lose and it's gonna be tougher to triple etc. We all know how it works, you may think triping from 10p is the same as tripling from 100p, well in fact it's not. The smaller the sp, the easier it will double up etc. And of course, exposure is much less starting at 10 than at 100p. Thus I would love to understand the rational behind the consolidation, and I am hoping that they are not, Once again, doing a big mistake. Any thoughts ?
Grumpy, first the market does agree, which is probably why we are losing 2% despite one big buyer, and truth be told who cares about someone buying ? How many have bought before, like you and me, and are sitting on a huge loss ? How many "knew exactly what the plan is" as you state it, and have lost tons over the last two years ? Let's be honest, you really think this particular one is cleverer than all before ? Let's face it mate, it means nothing, especially these amounts, it's peanuts right now. Secondly, it's not really a question of agreeing with me or not, the fact that someone just bought some shares does not mean we have had positive news on the company we own, is it ? I know I sound more pessimistic than I normally do but after more than 2 years I start being fed up, really.
Well its not exactly like the sp would have gone mad following that, is it ? Since then when we were at 138 we have lost a third of the company value, slater and gordon's sp has dived, and the market reaction was mixed, to put it politely. Also I think we first heard about it at the end of 2014 or very beginning of 2015. But indeed, I was referring, speaking of good news, to the company we actually own, not the part we sold. In this respect, there has not been anything good going on, not one positive announcement.
We were not gonna have some good news, would have been sad and way too out of the ordinary. Anticipated market response really, despite the announcement we are, once again, falling and now sub 100. I suppose it will go down quietly but steadily until 90p now, over the next few weeks. We have not had ANY PIECE of good news over the last year. Not one new contract, or whatever else. Such a nightmare that has been lasting for so long now. Really quite sad.