Member Info for RogueRiver

This company is a disaster area. The sp movements here are starting to resemble some other ‘bargains’ of yore: Debenhams, Flybe, Sirius Minerals, Laura Ashley et al.

I'm so glad I closed my position here in the 20s. My days of buying risky shares like CPI are over. With a couple of exceptions, my portfolio now comprises UK blue chips and it yields 7-8%. You can easily get a good return on UK shares, it just requires patience and prudence. Growth is unspectacular, but I sleep much easier these days.

My sympathy goes to long-term holders of CPI. As usual, the gamblers here continue to favour hope over experience.

Marshall Wace have reopened their shorts, after closing last year. They were very long during Covid, with up to a 3% stake in IAG. Just how far do they thing it’s going to fall from here? I could see it hitting 125, in extremis, but I wouldn’t put money on it.

I think we could see the sp pushed down to 140 this week, especially if the tax on business class seats comes through in the budget. I’d probably buy in at that price.

Interesting to see Marshall Wace were shorting IAG last year (now closed), given that they were very much long during Covid (took a 3% stake in IAG in Oct 2020). Wonder if they've made up their mind yet.

I think holders here need to have a very long-term outlook re dividends. I’ve been saying for a three years that the yield is unlikely to return to pre-Covid levels (circa 5%) until the end of the decade. In the meantime, of course, we will almost certainly see capital growth and modest dividends, but there is also the RI dilution to factor in. Add to that the usual airline risk factors (terrorism, strikes, fuel prices), along with the probable permanent reduction in business travel and it’s not hard to find reasons to put one’s money elsewhere.

I generally don't trade, but looking back at my records, that's all I've ever done with IAG - and unwittingly done okay. Each time, I intended holding long-term and bottled out.

2019 bought 439p sold 470p (dodged a bullet there, pre-Covid)

2020 bought 118p (including RI)

2021 sold 186p

2023 bought 145p sold 163p

Looks like it will be time to buy again soon.

If it's any consolation, I bought National Express (now Mobico) as a 'recovery buy' in 2021 and have held it ever since. I'm now down 74%.

complete ****house of a company. just when you thought it couldn't get any worse, they manage to shoot themselves in the foot (and investors in the face) again.

I held Barc for 5 years and, even with my reinvesting all the divis, it went nowhere. I sold. The Qataris obviously aren’t expecting the sp to do anything other than stagnate or fall further.

You can’t blame the Qataris for selling their stake in the ever-underwhelming Barclays. I did the same earlier in the year. I was very happy to see the back of it.

IAG are the new Barc.

I think £20 within the next year is looking very achievable.

Down 36% in 9 months. So glad I bailed back then. GL if you're still holding.

A Labour win at the next GE is looking more likely - and that party have made it clear they are in favour of rowing back on outsourcing (which represents a large chunk of Capita's income these days). Insolvency seems very unlikely, but it's no longer a risk that can be entirely discounted.

@giantsquid

I was with you, right up to the point where you suggested Lyin’ Donald is the answer to the world’s current problems.

Barc is an utterly demoralising holding. Glad I closed my position earlier this year.

Lordy2020

Wise words. Averaging down is definitely a mug’s game. My strategy has been to put a fixed sum into each holding and then leave it to sink or swim (I do reinvest my divis).

I tried averaging down a couple of times, albeit on a modest scale and the sp just sank lower and never recovered. I’m not saying that will happen with cpi, but why take the risk?

Chopping the divi was a mistake - and a kick in the teeth for long suffering PIs. If, like me, you reinvest your dividends, the one consolation you have when the market cap tanks, is that you will pick up cheaper divis when reinvesting. Yes, I understand the reasoning behind the decision, but the only bit of sugar left on this bitter pill has now been removed.

The BOD should take a short bus ride off a long cliff.

I'm almost 80% down in 2 years on this utter dog share. The only consolation recently was the divi - and now that's gone. Just as well I had pretty much written off this holding. You win some, you lose some.

I'll keep holding, out of sheer curiosity, as to where it will be in 5 years. Probably taken over or bust.

@NOFEAR

Look in the mirror. AimMaster is you, once you’ve sold.