The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
I sure hope so. Went pretty hard here to get my average down to 31p. Nothing like those that got in at 8p, but long term holder here.
I'm one of those insane people who is long here. Realise it's a gamble... but I believe in the company long term.
Hahahah. Yes indeed. Very much down, but this one still makes for an intriguing gamble. And that's exactly what it is.
They already replaced their CFO, and were perhaps aware of some irregularities? Pretty dramatic fall.
Shorts tracker indicates no one has been shorting this share.
Not sure one thing equates to the other here, and still firmly believe we'll be waiting a long time for any real SP recovery.
This forum was dead before the drop... LOL. Still plenty of risk here. But do agree that long term upside looks promising.
Buys and sells on here are not a reliable metric. This could drop further. Keeping my powder dry till the update.
I have a prediction we'll be waiting a lot longer than October for any good news that will lift the SP. I don't think results are going to be too pretty. Prepared to be wrong though.
In for far less, but sold out of a lot of companies lately and am sticking to drip feeding ETFs / Index Funds...
Only hold RevB now for my 'fun' portfolio. Also learnt the hard way via some (for me) chunky losses.
Against all my better judgement, I averaged down. I've got a 45p average now. I was one of those who got in around £1.15. Crossing all digits and happy to wait. Just feels nice to be 50% down instead of 70%.
GLA. I definitely made some major trading **** ups this week, so this is my stab at rectifying it slightly. Could be terrible judgement, let's see.
Minto has always said they'd refuse to be bought out. It's silly speculation, and any time a share bombs there's a glut of 'prime takeover candidate' type nonsense posts.
I feel you Roharps, I sold most of my holding on a stop loss at 49p, and got only 30p per share, that was from a 60p average. It was brutal. Stop loss doesn't operate as well as I had imagined. So, a big real world, crystalized loss too. Hard lesson for sure. Made me think twice about small caps and investing in companies as opposed to Index funds.
I still have a small holding at 90p average. Currently debating if I just write it off, or average down. Feel like I'd just be throwing good money after bad right now.
I'm always interested to see what investment decisions people have made in some detail. I think at these prices, you'll do fine. Me, I'm holding a £21 average, but only in for like £3000.
Currently, I don't think I really want to average down. It just seems like a constant circle of throwing in more and more cash as the SP decreases. Whole discretionary retail sector is going to be hit hard over the next year or two. It'll take some time to come good.
I sold out of about half my holding at a loss yesterday. I'm kinda done with the individual company game and am going to focus on a small number of index funds / ETFs. I'm keeping the above mentioned holding and will just sit on it for 5 years, or whatever it takes.
I dunno, is there really any rush to buy when we have to wait till the 28th for full results? I'd wait patiently till then.
Hi HeresHopin, yes the stop loss did kick in... I have a core holding still and I had a larger holding averaged around 55p I was trading (in retrospect foolishly) into what I thought would be solid results. As I have now learnt, stop loss doesn't really work as advertised and I lost a few grand yesterday. Hard lesson there.
I have a 90p average, this is all looking a bit grim right now. But I'll hold.
Thing is Warpaint are turning a profit.
I think full year results are going to make for depressing reading tbh. We're all going to need a 2-3 year time scale to see this recover. If not more. Not being negative for the sake of it, the entire sector is hurting.
None. They actively refuse to be bought out by any of the big players. Part of the ethos.