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EW has off-loaded a declining business that is likely to go on declining because it is fundamentally just a way of flogging unhealthy amounts of sugar to an increasingly healthy world. I do not understand the share price fall because this deal has been all but nailed on for over a week. A pity because we have been storming ahead just recently.
Or even 40.54
Yep I’m chuffed to bits I paid 50.54 less than a week ago.
Nickhartly....seriously? Words fail me.
Nowhere near at the same level but this looks to be affected by panic. It will settle.
Didnt see that coming, but it was always a high risk punt. Sold out Monday for .35 and was annoyed I hadn’t done it earlier. Nearly bought back yesterday and tried a few dummy buys. It was really hard to even get a quote and I’m not sure a buy would have gone through. When the dust settles, I’ll be back. There are questions to be asked though. This was obviously leaked.
Investors like Buffett and terry smith, David Lindsell and a few others are worth listening to and have made me a great deal of money over the last decade or so and hopefully will continue to do so. I have faith in Sirius as a project and have a fair few shares but nothing I couldn’t afford to lose. As myosotis says, the difference is risk.
Littlened, SXX probably will be profitable, but there ain't no guarantee. Who knows what the Poly4 price will be in 5 or ten years time? Who knows how much of it will be produced by SXX. Who knows about the unknowns, like bridge collapses and earthquakes. Predict all this and you will be wealthy. Coal was very profitable once. Just sayin'. I have enough in SXX to keep me interested, but my pension ain't here and won't be for a good while yet.
Didn’t understand a word of that.
Smiffy, there ain’t no way I would ever take investment advice from anyone here. Most decent people wouldn’t offer it either. Do your research and then make your own decision.
I first bought these in 2011 (at 13.02) and held for divis. I have since multiplied my holding several times and still hold, except for one brief excursion a couple of years ago when I traded for a while (with only modest success and too much stress). The share price hasn't done much but 4.5% a year on quite a lot of £000's is a comfort to me in my new found retirement. Woodford got this one wrong I suspect, but that should come as no great surprise. Volatility ahead maybe, but this is a keeper for me.
Funny how as soon as anyone says anything negative or legitimately questions the SXX project, a bunch of diehard small investors come out of the woodwork with their uninformed diatribes. A few years ago I questioned the wisdom of people putting their pensions into LGO ( now Cerberus or some such). I was panned out of sight and called all the ctuns under the sun. I sold out at a profit but many didn’t and lost fortunes. Not saying that will happen here. I hope not because I have a modest investment here and first bought in at 11p. Would I put my pension in here? Not a chance.
I wouldn’t worry Fred. The average IQ here is way below the national average.
Derby this might be true if Sirius was an AIM Company