Member Info for SeagullsFan

ST - any advice is well received I can assure you.

I’ve invested about 30% of my current portfolio in HE1, 22% in FAR, 11% in GGP, 12% RBW and 15% in BMN. I have smaller holdings in PRE, MTR, SHAN and ATM making up the remaining 10% (ish). That’s based on what I put in roughly, not the current value.
As much as HE1 is calling for more (lol), I will probably not put in anymore as I am very much aware that it could go south. My previous post was about top-slicing HE1 and putting that into FAR, not the other way around, as I feel more comfortable with the involvement of Sir Mick and the future for this.
I will be looking to expand on the %’s of the others (mainly PRE and SHAN) and probably add another 1 or 2 companies to spread the risk. I don’t want to be too spread, but also,I feel there’s the need to limit the chances of a big kicking.
Impressive recovery you’ve made from that position - shame it wasn’t just growth with the need for recovery - life eh! Haha

Cheers Noob67

I know there's been a lot of questions about drill-start date, but is this the type of thing which triggers an RNS, or do we just find out from tweets, as the fact they will be drilling is already in the public domain?

ST - sorry for delay, been out for a bit this afternoon.

Me too : I have 3 houses I'm selling (project with a mate of mine) and they are due to all be completed prob 2 weeks. Then I'll have some more funds which I'll use, as I don't think I'll be able to wait for any gain from HE1 before I can top-slice. So, I just need some profit-taking over the next couple of weeks. Maybe some re-ramping might be beneficial too lol

I can see this being 80p-£1 by year end. But I still won't be selling - can see some very good dividends from this in the future.

Sounds like a good plan ST.
I like Europe - despise the EU. I like to be able to vote in/out my politicians (and we never get to vote for the presidents/commissioners). I respect the opinion of those who voted remain, but we voted leave, so we should all just try to make the most of it.
Anyway, let's give that a wide berth before it descends into abuse on here.

@CrimeWriter

So, you can express your opinion (which I totally disagree with BTW - look at their incompetence with vaccines), but then say you want it kept away. Tell you what, you keep your opinion about it to yourself, and I will. I mentioned Brexit to ST in regards to his personal situation.

True ST. Health is very important. You can always make some more wine.

Sounds like you have a great place in France. Hope that post-Brexit rules don't complicate things for you too much.

Re my last client. I've done very well out of them via a long-term relationship, so a gradual wind-down is not an issue. Also, it will help me transition from full-on for many years to a different way of life. More travelling beckons eventually :-D.

Also ST, I did buy into PRE last week and thought I'd got in cheap. Then the drop today haha.
Oh well, in a few months time the extra few pence won't matter.

15% up here today though - more than I'd hoped for.

ST.

Hope you achieve it by 55. I'm 58, still working but I don't need to. I'll be looking to wind things down with my last customer over next 18 months to allow them to transition as they are dependent upon me for business IT support (I'm an ERP consultant and have done a lot of developments for them).
I think I've just played very safe to make sure I have enough even if I have some mistakes. If I don't get the mistakes, and things work the other way, I'll be very comfortable.
I was thinking about you and your good lady not being able to get to your place in France when the news of Macron and the ban on Brits was announced over the weekend.
Hope you can get there later this year mate.
Here's to some multi-bagging few weeks eh! haha

@Sp28.

Thanks for the reply.

IMO, you've played a slightly safer game, but still with potential for good returns. There's nothing wrong with that and steady good returns compounded over a long period will make you very comfortable.

Hi Sp28

Maybe a dumb question, but who is Andrew Monk?

Jeez ST. That's my thoughts too.
I'll be tempted to top-slice some of HE1 is they spike June/July and move those funds here.

I've a mate (mates for 35+ years) who knows nothing about investing. He's stuck 20k into a HL ISA over the weekend and I can manage it. He's aware of the risks as I've laid that on thick too.
Bought 60k HE1, 15k FAR and 2k PRE today for him.
Would have done it all in HE1, but added FAR as it's a safer investment.
RBW ticking up too now.

@bemmacolli1

I have slightly more invested in HE1 than FAR. I'd agree that FAR is a safer bet, as the resource is there and the team they have on-board (especially now it's all confirmed) will move this to multiples of the SP IMO.

However, HE1 has the potential to make me much more money. If it goes from roughly 20p to £1.50 on successful drill, then it will get to £5 as they drill more, possibly £10.

Selfishly, I want FAR to not spike too soon, as I have some more funds available soon and I want to increase holdings here.

Also in RBW if you want to look at them.

Be happy initially getting to 16p. My average is 14.53 and a steady rise in the price is fine with me. Of course, if it spikes fast I'll be happy, but can't see me offloading for quite some time.

This looks like a very good business and I can see this being many multiples of the price over 6-18 months.

ST.
I'm wasted here lol.

Price is ticking up slowly now. Can see June being a good month for us here and on HE1 too.

Er @iceman888.

My post is taking the p|ss - I have no intention of selling and want to add more but no spare funds.

Hi ST.

Hmm, more conspiracy theories.
Elvis works in a diner.
The moon landings were fake.
The royal family are lizards.
Sir Mick is a figment of our imagination.

I'm out - time to cut losses ;)

Tough call.

Can someone advise if I should follow the extensive knowledge of @dusterinmong or rust my instinct that Sir Mick can drive this company forward. Maybe he's only come on-board to close it down!