RE: assets worth around 200p19 Aug 2022 11:03
A sudden bid usually locks out traders unless there is of course a counter bid. My biggest holding GLO, an income play, that was so obviously undervalued, had a bid recently. However, I was amazed no counter bid.
But the point is the SP shot up instantly 30% and that was to the T/O price. Anyone that bought on the day would now be out of pocket as the price then dropped back. So they are now locked in until the deal completes.
But with LND the odds were always leaning towards one more drill. That’s one of the reasons I sold as it adds a time gap. Yes it’s a gamble as a bid still could come. However, buying back at under 20p was fortuitous.
I would have paid more as timing my reentry was more about getting in before the drill results and next ‘rush’ and I would have paid whatever the SP was at this juncture for that. I had this on my trading calendar to be in by September.
That gave me this month to use my woeful TA skills and to flip cash from elsewhere to build my position ahead of September.
Anyone reading this and so inclined after DYOR has the same opportunity to get just as lucky!
I intend to do the same over at HEMO later. I did the same adding to ONC just timing as I see pivotal dates.
Simple and not really that scientific.
One can then also take money out on the rise or ahead of results if so inclined. After all good drill results may not = a bid.
I often derisk ahead of a binary event such as a drill in the case of Oil/gas explorers. A tactic that has served me well but I don’t see Felix as binary. Far from it!
I am amazed to still see selling here and that others, especially those that follow the sector haven’t clocked LND.
Oh well, if it stays low in September I will then have some divi income to park in here!
Good luck with your investments
Usual caveats
Trek
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