RE: 0.0308 Feb 2024 16:01
Always the holy trinity in oil and gas shares, its the only thing that gets a well drilled and flowing and turns many a ceo ZERO to instant HERO even with crusty old lth's if they get some back and a small profit after a decade of ave down and all around.
Bell , Roach, Seften , Chinese Poulden and many other misfits on Aim , have many times cruxified their holders with death spiral bucket shop on speed dial confetti finance BUT they have all had a big winner, even if some of them 15 years ago , or imminent after a decade or more.
Some show they are far from bright, look up Jupiter mines, Bell spun it out of his years ago, now worth billions , threw the family jewels away, while rainbow chasing , bad decision , after bad decision, if he had sat on his hands, something many punters (not investors, just investing) find difficult these days, his company would not be multiple consolidations and a gazillion death spirals in, now seems to have another winner on his hands , possibly/maybe lol
Only took 14 years to do it ffs, done nothing those shares back then floor to 12p (yes whole pence) equate to about £5 a share now, while waiting for his next winner at 0.1p yet again........
Likewise, I always take bod buys with a pinch of salt, many of them strategic in nature to prop up the price for another bucket shop run, no biggie , in most cases a fraction of salary and allowance taken over years of failure..
To his credit, at least JA has offset wages etc , not paid himself £1m a year plus perks, like many, or my fave with Bell end of year company scheme , he and his cohorts, ya buy one you get two FREE shares, better deal than Tesco''s, now that is some sneaky ave down, you pay going rate, they get them at 1/3 of the price.
Always feather their nest or cushion it , to offset the spiral in their own £ and pence. 😲