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Hi all,
I've been tracking these shares for a long time, invested at 10p, and averaged down slightly buying a small number more at 9 (if that even counts as averaging down). Then when price dropped to 1p I kind of lost interest and stopped paying attention to happenings and the chat on here.
Without the " go do some research" responses, I wanted to gauge opinions please - I know my average is a lot lower than some long term holders (who have my sympathy), but I wanted to know your opinions on averaging down - good move or throwing good money after bad?
Anyone who's kept up with developments willing to stick their neck out and say in their opinion, what one would need to average down to, in the hope of break even any time this year?
Thanks in advance
Lol. Fair enough
I'm new, and have no idea if you think I'm genuine or not
But 50 bags would be just lovely!
To be honest, with the number of shareholders and the amount of correspondence needed, coupled with a COVID restricted postal service, I would be surprised if it didn't take at least a couple of weeks to contact all shareholders. I own shares for motif both inside and outside isa, all through hsbc, and the letters for these came 5 days apart.
Hsbc letter received today for ones held outside isa
I’m im at around 3p - honestly I don’t expect it to be worth near this post rto - but longer term , with the right rto and a tail wind I am hoping I may get a decent chunk - break even would be lovely - but I feel that’s a little optimistic ?
If you wouldn’t mind sharing if appreciate the response?
Fyi I had a postal letter - not logged into Hsbc for a while so may or may not be in there too?
I arrived hime to it from my hsbc account - I hold some in an isa and some not - this letter only covered 1 of the lots so I’m assuming there’s a lot of letters to go out and all will receive in next couple days . My letter was exacptly the same wording which I suppose is a legal template ?
If that is the one - and they succeed in what they are working towards, then I can’t see how the share value could fail to rocket.
Fingers crossed you’ve hit the nail on the head
Thankyou sanDiego - informative response
Thanks joker
Stay safe !
?? I don’t know joker at all - or what his responses are like - but did think it would be fun to get peoples expectations out there ?
Joker - I’ve never been through this before - are you knowledgable or experienced in rto/consolidation ? If so what would you guess (I realise no one knows) the consolidation to mean in real terms - for example - 100,000 shares at 0.5 p would become....
Thanks for the good luck wishes - you too Bobby !
Hi Bobby - a well timed return !
First Arrived on run up to suspension and did everything possible to discredit/devalue this share (if one were cynical they may think you were trying to to push price down) - and now made a return to tell people their investment/gamble(as you put it) is worthless - again, if one were cynical they might suggest you were hoping to buy shares on the cheap should any be issued post RTO before any rise from those who have lost confidence abd just want to get anything back ? if one were cynical that is?
Good job I’m not cynical!
You coming online and saying hi is a real positive - welcome back !
Unfortunately this is my view also - but at least it would imply that positive things are happening behind the scenes - how positive - wait and see I guess?