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The sp has almost halved in the space of 1 year. I was speaking to a former AIM 100 MM recently. He claimed he could often swing an AIM sp by 10-20% either way with just £10k. That would certainly explain a lot. Breedon needs to get out of AIM and get listed on the main market. I don't think it will be taken seriously until it does. It is baffling why it hasn't done so already, given that it is a well managed company and could easily fulfil all of the listing criteria.
Given the circs, I'm amazed the sp has held up so well. Heading into winter, it could well do a Rolls Royce and slide into the 65-75p range.
My £26 buy limit was triggered today, so I'm in too, at last. Still holding onto my GSK and Haleon shares though, as I think the Zantac risk is grossly overblown.
I've been holding Wimps for almost 5 years now. Having reinvested all the divis in that time, I'm still down by 40% on my original investment (I bought at the then 2-year average price). I have almost 40 holdings and Wimps is among the worst.
I would love to be proved wrong, however.
Yeah, prepare to watch all the HBs soaring on Friday's announcement, while $hit share TW continues bouncing around in the doldrums.
Don't get me wrong. I'm happy to see PE interest here, but with sterling so low, why wouldn't US PE be interested in bagging this company at a discount? A 300p bid would be great, if you're a trader looking to make a quick buck, but hopefully, IIs will be mature enough to say, 'Thanks, but no thanks'.
300p is below break-even for me. I'd rather wait 5 years, when it will probably be 400-500p.
It should never have been this low in the first place. The market has just woken up to the fact that this is a bargain. I can see a quick rise to 250p, which is still cheap.
Don't get too excited. I remember RR surging to 120p near close a few months ago. It's now 79p.
The dog share has stirred. What gives? Perhaps there's a rumour in the City of an impending PE bid. Still, we'd currently be very lucky to get more than 250p, even with a premium. My average is 289, so I'd rather wait a few years for the sp to pick up.
I chose to do nothing. The message from HL in August said:
If you choose to do nothing
The shares will remain in your account and you may be able to trade these in due course, when the relevant sanctions have been lifted and if Evraz Plc appoints a new registrar.
I assumed the value of the shares would remain on my account, but it hasn't. Unless Putin falls in the next year, we can probably write them off.
That said, I only had £500 invested here, which had just about halved in value by the time trading in the shares was suspended. I sold most of my holding last year, in the face of the steel tax levy in Russia and growing belligerence from Putin. The risks seemed too high. Turns out they were.
In the next year, we probably have penny share territory and the FTSE250 to look forward to. After nearly 5 years holding Wimps, I've resigned myself to shoving it the back burner, along with a couple of other dog shares I was unlucky enough acquire. To sum up this holding: Dire in a HB boom and catastrophic in a downturn.
You are best just writing-off this holding in your mind. If, by some miracle, it turns around, consider it a bonus. If you hold a balanced and diversified portfolio of equities, this will just be a bump in the road. If you don't, perhaps you should learn the ABC of investing.
You can argue semantics all day, but Chapter 11 is most definitely a form of bankruptcy (aka "reorganization bankruptcy" .
Okay, so it isn't liquidation, yet, but for shareholders, the result can be the same.
The recovery for airlines is getting kicked further into the long grass. Just as airport operations return to normal next summer, the cost of living squeeze and increased fares, not to mention many people's very negative experiences of flying (or not flying) this year, will most likely put a damper on passenger numbers. That means no meaningful recovery until summer 2024. If Rolls Royce can tank to 80p, IAG certainly can. I think we'll see 90p before 150p.
And Debenhams and the Sirius Minerals de-listing: More like a Marrakesh market square than a serious discussion.
£4000,000,000 is an awful lot of popcorn to swallow.
I think you are being a little oversensitive. This is headline news and probably of a matter of interest to anyone who invests in shares. Also, this is a public forum. If it bothers you that much, look away.
Hindsight is a wonderful thing. We have all made poor investment choices at some time. You just hope the good ones will outweigh the bad. If you have followed the standard advice, to spread your risk over several sectors and companies, you'll always live to fight another day.
Unfortunately, this BB has the whiff of a few others I can remember: Debenhams, Flybe, Sirius Minerals et al. I doubt it will be here for much longer. GLA
@PhoenixRising53
That was my reasoning, but after nearly 5 years of reinvesting all the divis, I'm still well down. Let's see what the next five years bring - hopefully a PE offer. Failing that, I might just be up after 10 years, but at this rate, I would probably have earned more by putting my Wimps investment in the Post Office.