Member Info for Skwizz

Hi Stocky,

Yes, you're correct.
About a year and three months ago I had 50% of the investment I'd grown in UKOG from trading, invested as a long-term punt.
I'd taken the other 50% (+£50k) out and added to my normal 'safe' portfolio, elsewhere as the amounts had grown to beyond that which I felt comfortable trading by then.

The remaining 50% I'd bought in on the way down from 1p to about .5p.
I did trade some of it on the way but the overall volatility had diminished and I only managed about 15 trades in that time.
Over the next nine months I only managed 10, but it was enough to reduce the loss (on that 50%) to almost break even.
I did post a while ago that I was selling and sold my last a few weeks ago (my 26 Jan 2021 08:57 post "SOLD!").

This has generated lots of "Why are you still posting here when you're not invested?" feedback from the rampers.
For the same reason I always have.
I'm interested in making money.
If I saw an opportunity here I would re-invest.
But, as I have said on many occasions, I've found that possibility a lot harder to imagine since my run ended two years ago.
The dopey thing for me is the rampers moan about people on this board when they're not invested.
But that's why they ramp the share in the first place.
They can't convince people with experience, they need new visitors to con.
Just part of why this board entertains me so much.

Just a reminder, all the money I've made here came from just £1,000.
Long before I sold out I'd already put 50 times that back into my regular portfolio.
Leaving the rest here was a punt, but I could only ever lose money I didn't have before anyway.
It was a no-brainer (although if I were to go back in time, knowing what we know now, I wouldn't have left it here at all).
:)

"I never invest more than 1% of my portfolio in an Aim share"

That's the correct way to do AIM.
Otherwise it's too risky.
The timing of my original investment was extremely lucky but, even if it hadn't been, I would have lost less than 0.1% of mine.
GL

"In short what has gone wrong"

Continual share dilution; Directors milking the company coffers with zero results.
Their is no bull story, other than the UKOG BS story.

Averaging down works if the value goes back up enough that your profit margin is lowers and you can get out earlier.
Otherwise, unfortunately, it's really just throwing good money after bad.
I did try it myself before I realised the volatility had left.
But I did manage to extricate enough from the handful of trades I managed last year to make it worthwhile.
Sorry the muppets dragged you in, Ash.

I've no positivity left on this any more (a small chance of a turnaround but it needs BIG changes for that to happen), although I've tried to see the good along with the bad until the beginning of last year.
But it's settled in a range at the moment, of around 0.13.
One day it might be up a little, the next down, but mostly holding around 0.13.

The next share issue (which I believe must come) will be the next real effect on the SP.
Wish all holders luck, or at least some opportunity to exit.

I'm afraid, Cornsland, some people just have no idea.
Invidious likes to let everyone that he's in that group.
;)

Short-term volatility.
Wait until we're back out-to-play.

https://www.hellenicshippingnews.com/ceraweek-fossil-fuel-demand-seen-growing-through-2030s-panels/

How about all BoD salaries and bonuses be calculated on a percentage of achievement and what that achievement contributes to the share value of the business?

We weren't even in lockdown in November.

Wise words.
But then Warren Buffet also promotes holding for the long-term and advises against 'day-trading'.

And give the bearer of unwarranted optimism equal weight with bearers of unwarranted pessimism.
Ask yourself why someone is so desperate to have you believe one thing, instead of another.
Look at how many times in the past this share has been diluted following posts claiming it won't be.
Above all.., DO YOUR OWN RESEARCH.

Troll:

a: to antagonize (others) online by deliberately posting inflammatory, irrelevant, or offensive comments or other disruptive content
… trolls engage in the most outrageous and offensive behaviours possible—all the better to troll you with.

b: to act as a troll (see TROLL entry 3 sense 2) on (a forum, site, etc.)
… is also notorious, for trolling message boards on the Internet, posting offensive material he himself has written and then suing anyone who responds in agreement.

c: to harass, criticize, or antagonize (someone) especially by provocatively disparaging or mocking public statements, postings, or acts.

:)

Thx Stu,
You too (and all).
And I agreed with you; Seeing UKOG survive the last year may be their biggest achievement.

Penguins;

They've fallen nearly 10% since yesterday.
If it were to get back down to around 1.00 (don't know that it will), I would use yesterday's profits to buy back in for a larger holding.
This is how I built up my UKOG holding, three to four years ago.
;)

Stu,
I've been in and out of this share for nearly four years (longer than I've posted here).
I have been positive and negative about it and bought/sold accordingly.
Just because I have no shares in it today, doesn't mean that I won't in the future.
Currently I think there is only a 5% chance of that, hence my earlier response.

( I don't delude myself that my posts have ANY influence on the market, or that any other poster can tell me what, or whether, I post).

:)

On the evidence today, "UKOG future" is an oxymoron.

Overall I'm negative (recently sold my remaining stock).
I'd say there's a 5% chance of a turnaround.
Not impossible, just not likely.
Valuations depend solely on what any future looks like.
GL

Let's everyone try and forget where this thread has ended up and revert to how it was before being de-railed.
Well-meaning, informative, civil, and polite.
Let's make some money.
:-D

It was regarding a part of a conversation with Penguins, Mirasol.
Hence the title, addressing Penguins.
That took place as part of a UKOG thread.
I updated here to separate from UKOG threads (and to save looking for it).
Others have contributed politely and sensibly, so I have responded.
I realise you are on the spectrum from your general posts.
As you don't have the capacity for awareness, we don't need your thoughts on ALL.... meh, you are excused.
Thanks.....
:)

Yep, I don't see £3.00 this year.
But I'm far from expert in this.
Just someone who's been lucky.
I think somewhere north of £2.00 could be achievable.
I also think it will recover to £3.00 again later on, possibly even next year.
Aircraft orders were cancelled which hit RR last year and, as tourism recovers, so will RR.
I'm more of a long-haul traveller myself and am as keen as others to have a break after the last couple of years.
Especially the last one.
So I see that as a strong market too.

Agree with you on Business travel.
There will be plenty of CFO's trying to balance the books for a while yet.
:)

Lol.
Doesn't matter, I don't see nonsensical time-wasting posts here any more ('cept mine, heheheh).

I just happened to be chatting about RR to someone recently and Penguins mentioned (yesterday?) that he'd gone for some too.
Thought I'd provide an update.
Not here to compete with any individuals, only the markets.
If I've helped someone else (anyone) turn a profit, that makes my day.
:D

That was my 'cash' (trading) account.
I'm still holding some in my ISA.
:)