Member Info for Temple_of_Doom

The Verne deal is not over until it’s signed … and funds exchanged … look I’m long here … where in terms of risk reward I’m happy to keep a position otherwise I’d stay clear … while every 1p drop in holding average is a 4% gain with an unknown time period of realisation for any gains.

That’s high risk in my view.

Morning Star has a blank on holders as does the II investment site. The rationale is simple enough - high risk of bankruptcy, albeit reduced this week. Watch that gap close to 20.5p. Hedge funds will have worked out institutions are dumping and joined in the fun. The trades and intraday share movements are classic ... reminds me of Quindell back in 2014 was it?

However, I dug a little deeper with some spare time:

https://markets.ft.com/data/investment-trust/tearsheet/profile?s=DGI9:LSE

Gives an interesting view on recent share transfers across institutions. Around 17 million shares dumped to unknown holders with 6 million transferred to other institutions.

I have a core hold that I'm prepared to lock away for as long as it takes, but outside of that I look to day trade to get the average down selling into rallies and buying heavy dips.

Shorts have tried and tested methods … looking to close the gap from the spike a few days ago … it’s a game of poker as I intimated below volumes were light today algos taking it down 20.5p target as the high from the past few weeks …. Expect another 30% rally when verne sale goes through … say 26p open … by which time with that bought today I’ll have my 20p avaerage with those sales.

Volumes were light today .... did anyone notice the £100K sell yesterday at 154? Looked like a fat finger error to me ... reckon someone was obliged to buy back.

Generally speaking the UK markets look highly unstable .... in out in out and shake it all about .... my kind of market.

I meant "shunned" ... but "shinned" is quite appropriate .... given what UK has done to itself these past 8 years.

"New £5k ISA announced in budget but only to invest in UK companies. " How many UK people have in excess of £20,000 annual ISA allowance another £5,000 to stuff in a UK ISA?

A small percentage of UK folk ... seems desperate and an admission that UK is being shinned by investors ... desperate post Brexit Britain.

Nice suprise today ... taken some off the table .... looking for 150s again ... but no problem if not.

GLA

I'd rather "sit it out" with an average of 20p rather than the 30p I first bought into in December. Each to their own.

5.00am sell of 230,000 on level II has been putting a ceiling on prices … seen this hedge fund do damage with Seplat and other UK stocks using HFT tactics …. This share is a game of poker … Rechecking I got 25.2p yesterday morning on the ISA for a small amount … remember they want your money and you want theirs ….

If it was me running this business, I’d have a roll over loan in place pending a drop in interest rates given the election on the way.

What’s the hurry … the amount required is small relatively spwaking.

" This is not a share to day trade" ... maybe a buy and hold now .... but I was buying 17-19 and selling 18-20 for a few weeks.... although was somewhat stunned by the intraday drop to 14por so ...... such is the market.

" or will be satisfied shortly before completion of the verne transaction.‘"

the management are presumably trying to say that the deal is not over until its signed .... but what a ********" way to make the statement .... and that's the problem .... the deals themselves bought by dgi9 seemed good value .... but to get caught out by interest rates rising is poor.

Hedge funds … with a share like this it’s a game of bluff … value is meaningless IMO … took 23.5p at open got 24.5p after auction .. could go back down to 20p or up to 30p … the big players know … we RIs do not.

I reckon myself arqiva will IPO … as was intended in 2017 … delayed by Brexit uncertainty, but will take a while to complete … but will likely reward holders going forwards.

“ Although, at this stage, the Change of Control Consent is still conditional, the Company is confident that all conditions which will need to be met have either already been satisfied or will be satisfied shortly before completion of the Verne Transaction.‘

Errr so what more is needed? Jesus wept these “managers” are idiots.

Indeed so … wonder what the gap up will be - minus 10% given the current UK market? …;)

Sold my NGSP this morning ... US gas is on a short squeeze ... time for the shorts to return money to longs .... on NESF ...

GLA

If a placing does take place, the share will drift towards the placing price so a chance to top up … it’s not the end of the world. Dividend at 20% means a placing at 10p would still ge an excellent return.

Recollect the spike last July to 85p … took some profits looking for 90p … didn’t get back into black until November … average down to 63p taking some off today … hard work … still looking for 90p.

Sepl is indeed doing doing well .... but fund managers in the UK not ... I've taken a hit on a couple .... such is life.....

With these guys ... one has to go to the individual funds offered, track their cumulative performance and stay clear of the weak ones .... the old fund manager model is dead as far as I can see .... many underperform ... and the wider market is picking this up.