RE: Don’t be short…17 Aug 2023 18:21
SB, the jadedness (is that a word?) of your view comes across clearly in those words. You sum up the current position well and I can't disagree with any of it. Yet you are still here, still holding shares I presume, and that must mean something. I don't think I'll ever get my original purchase in RENX of 396p, but I might recover one or more of my subsequent top-ups at lower levels. In the meantime, I'll continue trading a few, because there are strong push and pull factors (esp in RENX and VRCI,) which provide the opportunities. So far I've recovered about a third of the historic cost of my VRCI shares and about the same of my much larger holding in RENX. Weirdly, the one I'm most bearish on is the one that is the more conservative, cash-generative one, i.e. EKF. Such poor use of that cash by the management. That share is also less volatile, so I've not managed to trade either. Anyway, I'm hanging on grimly. Always enjoy reading your thoughts (and those of Hawker). Good luck however you approach it.