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Thanks Brad for the info.For now at least I am staying away from penny shares to concentrate on my bread and butter shares (LGEN,BP,BT,LLOY etc as I seem to under stand those better!
Interesting,my journey has ended I sold my holding making a tiny profit.My spider sences are tingling again and I don't like the feeling I am getting.This could be as low as 1.5p soon..I can't take the risk again..SM
Thanks Brad,for warned is for armed! I am still not over my SXX loss...It was a despicable way to treat it's shareholders after all our support.I dont think I will.ever get over the treachery...Don't worry about me ,once bitten twice shy..only have a few hundred quid in this share...SM
In at 2.45p.....Hope its not another SXX !
Poker c..I have been taking divis all along so have had a reasonably acceptable return on my capital..about 3.5%(Excluding todays high rates!)so I was just looking at the break even amount.
Thanks to all of you and your replys...I was kind of hoping for a bidding war/strong excitement over the SP if bids were flying to get close or to exceed my average.I don't intend to sell them all, probably about half of them when in profit and keep the rest until I die(30+ yrs hopefully)
I just don't want to be forced to sell at say £2 due to poor bids but I am aware it could happen. I have been considering averaging down but don't want to throw more money at my paper loss in case its not enough to get to the bid price..which we don't know! I think you all have made me a bit more hopeful...fingers crossed...SM
What makes you think its going up?..Or are you joking. My average is 303p.I don't mind waiting with a paper loss until I am even,I will gladly take the divis,but if there is an merger or takeover,my fear that if only an offer of £2 is put in...I lose £1 per share I have or does anyone see a different outcome. I am listening....Chris.
I hope so too.Bought some more yesterday for £17.46 .I expect a £20 valuation on or after the split,either way I will be happy....Just one question to all...I am just making sure we are all not dreaming and I haven't got swept up in the hype.....Do we all agree £20 is reasonable at any point in the future and we are not kidding ourselves..anyone in the semi-Know can confirm this...Chris.
Well my average is just over £3....I am not happy with the SP progress with this type of investment as well.My biggest fear is being bought out at say £2.50 Or.less....Years of bt long term holdings wasted....If a bidding war started and took the SP to over 3 quid..I could relax!
Sufcessex..your not the only one ....I bought some in their 70's ....60,s 50,s and 40,s ...just even now ..average is about 50p..Its been a long and painful wait but I am a bit more confident we will see the 60,s again in the next 6months....but hey,what do I know..been suckered for the last 5 yrs!
Yes,but we keep both company's anyway.And with less debt for new GSK that could boom too.I don't mind an outright sale of the consumer side either as we would get a bung from that.I don't know much about EW appart from she is the same age as me! Once the city is happy about the idea don't you think things will take off then?.. SM