I’ve Bloomberg on Sky only, so nothing I can search. Sounds positive and I’m more than ok to read your posts if you see things of relevance. We’re all patiently awaiting news and I’m sure someone else will try to corroborate your info. Sounding positive though.
I’m not bothered about the level of a posters participation in discussion, but I do care about the quality of the information given. Not a criticism; it’s simply that this would be big news for AFC and probably/definitely RNS worthy already, even without numbers.
If an offer is to be tabled (which I doubt) it’s in all of our interests to hold. I’d like to see the minimum offer price higher than 30p, which means that any realistic offer would need to be much higher. All in this together folks.
RE: Back to NONESENSE panic selling13 May 2021 13:23
I’m fortunately in the position that sitting on a loss atm isn’t a major concern. Prevailing economic conditions can impact share prices both positively and negatively and can change within days. I accept that things won’t change overnight, that things take time, and sometimes the best things are worth waiting for. I can only reiterate what I’ve said before; patience is key and trust your instincts. If doing the latter means selling, that’s fine; but for me it means buying and holding. Use your head, but go with your gut. Not intended as a criticism or a ramp, it’s just my opinion. Some larger companies have revenue but they also have debt and numerous competitors in a soon to be crowded marketplace. AFC have the cash and the product but little revenue, so it boils down to whether you believe in the product being good enough to sell at scale. I do.
Both parties will try their best to resolve this situation prior to the court appearance. I’m sure the FCA are busy with other things, but not so busy that there’s little or no dialogue with GJ. I expect the hearing to be over pretty quickly as an agreement will have been tentatively brokered beforehand. Only my opinion but the FCA are doing what they must. Shadow cabinet MP’s can say whatever they like but won’t influence a judge and you can’t hold a son responsible for the sins of his father. Additionally, it will go in Amigos favour that further lending was halted; a decision which hurt both the SP and profits. The courts have a backlog of cases and I anticipate a positive outcome, albeit with a few tweaks. My buying is done and I’ll wait patiently.
Two things worth keeping in mind. 1. If you were a competitor, would you be concerned about AFC products? I think it’s a ‘yes’. 2. We have a lot of cash in the bank. Cash burn is going to increase but we’re not going to get through £60 million before orders come in. If I had to pick a stock to be in atm, it’s this one.
Garonne, it’ll all come good. It drops, it picks up again and I’ve learnt to live with it. My head tells me it’s a buy and so I keep accumulating at the best prices I can get. The sector is taking a pasting but that can’t continue so just keep telling yourself you’re in at the right time. One decent order changes everything and your patience will be rewarded.
I’m in for a touch over £100k. Averaged up, down and bought again last week. Will consider buying more in June. I’m not too bothered about setting a target although if I can double my money I’d be happy. 20% increase is what I’d normally aim for, but I’m holding this for at least three to five years if things are going well. The green revolution hasn’t even begun yet.
Quizzical, you’re right, and maybe I’ve been too opinionated. Bashers annoy the hell out of me which is why I won’t filter them. I want see everything and be able to counter their argument, but I don’t let them influence my investment decisions. Like you, I love a good British company, which is why I keep throwing my money into them. I’m hoping for big things but time will tell.
I understand what the yellowedselbyratface is trying to achieve, but if it actually influenced anyone’s thinking then they’ve only themselves to blame. I bought another £20k worth yesterday and there’s every chance that mid June I’ll be investing another £30k. For purely selfish reasons I’d like the SP to be under 80p at that time. I watched the live event and again on two occasions since; some delays which are frustrating re Acciona but also understandable in the current circumstances. I’m building a reasonable chunk and nothing which spews forth from the aforementioned idiot is going to change my view. All very much to play for and see where it goes. I don’t talk about the numbers side of things as they’re available for all to see, but I do research pretty thoroughly and like most, always look to the future even if there’s short term pain. I’m in profit here but nothing that’s going to excite the taxman/woman, but massively up elsewhere having bought heavily when everyone was selling. If you back yourself to make good decisions and you can ignore the noise, you’ve nothing to fear.
RE: Congratulations to Gary and the BoD's.07 May 2021 11:43
I’ve found the chat on here quite useful, especially knowing that others were in the same boat and prepared to take the same risks. I’ve accumulated a reasonable holding, and whilst I always back myself, occasionally doubts creep in because that’s human nature. GJ hasn’t put a foot wrong so far. Onwards and upwards and I haven’t sold a single share. One more thing. You can criticise Vinson until the cows come home, but he held firm and has been a calm head when some on here felt the need to attack his motives. Vinson, well done.