Member Info for unhooked

Not going terribly well. More volatile than most.

Keeps failing to even match, let alone exceed, the Junior Gold Miners index.

Remember though that this decline is happening right across the market and when I say 'market' I mean all of Europe including the UK, post the Trump victory. Not content with upsetting me morally, politically and ethically, that fellow is now attacking my wealth!

Don't disagree with any of that JG68. And I'm not forgetting the bullish interview with that Rockwell guy either. But recoveries are risky and subject to numerous setbacks, as the investment performance of my holding attests (been a holder for 3 years). The latest is the short-sighted employers NI hike. Companies like this get buffeted by any winds going - all part of the journey I suppose but trading this would've been more profitable for me than buying and holding.

That's my view and I've backed it with my cash this morning.

Lot's of speculation on what's causing this latest bout of negative sentiment. A broker downgrade? Strategic selling? Fwiw my take is it's mostly down to the hike in NI costs, putting pressure on previously contracted razor-thin margins.

Or the sort of random drop that frequently happens to a marginal company listed on a marginal stockmarket. The price you pay for investing in risky turnarounds...

Company will cancel its listing on AIM in 2 days time (per the RNS of 11/10/24). In the meantime, shares are suspended so holders are effectively trapped. Genuine sympathy here, you are well within yr rights to feel scammed sdow. That's exactly how I felt when I exited a few weeks ago at a big loss having watched a video interview with the CEO who assured listeners that the company would shortly be self-sustaining and not require more cash. Pack of rubbish that was.

Go to the casino and invest in AIM. One hit for every five misses.

It isn't just Serco. One imagines the measures set out in the recent budget - increases in min wage and employer's NI - are not helping sentiment here, as they are sure to add substantial costs into CPI's operations. CPI are big employers, right?

If it's not one thing it's another. There's always an obstacle in the way of CPI's recovery.

Below 50p, I never thought it could get so low. I really thought the cavalry would've arrived by now at these prices, but not yet...

Boltonwigley, personally I think the key factor causing the most recent decline is your item 3 - the IHT relief cut. Many of these holdings are held in dedicated IHT portfolio under the control of wealth managers more than individual holders, so it is they giving the sell orders and, in my experience, if these institutional actors know they need to get out, they don't dawdle. Besides, one wouldn't want to wait till the weeks leading up to March 2026, when there may be additional downward pressure.

A final thought adding to the negativity I'm afraid, is that with this budget they've opened the door on cutting IHT refief for AIM and I strongly suspect it'll be hard to resist the temptation to finish the job. Don't know when of course, it could be after this parliament, but it will surely happen imv.

Trump's victory has given US small caps a huge boost. Not so TBLD, which is going the other way...

One only for the brave and for those who got it wrong earlier and are holding onto a near-worthless stake (like me).

Where is the floor? Lower than it was this morning! In fact at 25p dead, we're at a 10-year low at least.

Remarkable how vehemently the market has turned agains WJG.... 90%+ fall in a couple of years, really?

Something doesn't add up here. I trust my gut. Either this company is going to oblivion (market's view) or it'll survive (my view), in which case we have a multi-bagger on our hands. Just don't know when.

The market never ceases to shock me. I agree with many here that a share price approaching £2 appears way to cheap but the problem is that the weight of money continues to sell. I'm holding but what's the point if the sp is on a descent and may well end up a good 5%, 10%, 15%, or 20% lower? I feel like a sandman resisting the tide.

The whole world seems to have seen the Q3 Results supposedly released today, but for the life of me I can't find the RNS...

Frasers write: "However, the directors have pushed boohoo into a terrible refinancing, while refusing to engage properly with Frasers on it. They have then rushed out a CEO appointment to try to block the say of shareholders. This has to stop. What will they try next? Desperate people do desperate things."

It's a bizarre letter, written in the style of a bloke on a chatboard. Any of you lot responsible for writing it? Hardly corporate language but I guess that's the M.A. style.

Anyway, I've got the popcorn out. Ding dong, round three!

When is the CMA Report due to land, does anyone have an inkling?

*...can keep feeding cash-hungry RENX just like the old days.

I like Baines. I watched him on an EKF update recently and he came across as a sensible, pragmatic type. But to be honest, I don't understand the strategy here. I mean, Baines recently returned to EKF in the role of exec chairman to oversee their turnaround and he's apparently now doing the same at RENX. So what was the point in spinning RENX out of EKF if they are both being run together again by the same fellow again? Is that an admission the previous plan failed? Maybe they should go the whole hog and reverse the spin-out by bringing RENX back within EKF. Then cash-generative EKF can keep feeding cash-hungry EKF just like the old days. Makes sense to me!

They are all over the place but, as I say, I do like Baines.

Rebounding strongly now. The dip is being bought into, which is encouraging. Maybe it's "Big Mike" hoovering up a few.

And I didn't stay in long either. The AIM trade thingy didn't work out and the share keeps dropping as well it often does for some time after a poor update. Rather I limit my losses and watch from the sidelines for now. Not my finest hour.

The halving of IHT relief in the budget could be seen as a positive (as compared to the mooted complete ending of IHT relief), and indeed there was a brief rally in some shares on the day. But I'm a glass half empty type and I see the halving of relief as another sentiment negative for the AIM market. Even more care required in assessing AIM stocks going forward to ensure these are companies that could stand up to any other on the main market, because there's little tax advantage left to shelter poor quality enterprises.

They've opened the door now, so am expecting to see the ending of IHT relief altogether sometime in the future.

Have I read that RNS right? Aren't Ruffer a super-cautious investment house? Wonders will never cease....