RE: Hold or Sale ?16 Mar 2021 17:12
it’s all very easy to criticise and when it comes to money it brings out some very strong emotions from people. personally i lost hundreds of thousands...yes you did read that correctly! that was in the 2008 / 2009 crash, i had heavily invested in banks as a nice secure investment with nice annual dividends, bang! away it went! then not really knowing what i was doing i “gambled” in penny stocks to try and make money back and ended up making things a lot worse! i have still nowhere near recovered my losses, but slowly slowly it’s building back up, never ever anger trade...walk away, it is pure gambling! i now look carefully at which companies i invest in, have a diverse portfolio, i read the bulletin boards, however you have to take a lot of what people say with a pinch of salt. there are some very knowledgeable people out there, after a while you find out who they are. As for Capita, it does come with risks with its debt mountain, however it has a very strong cash flow, so the risk of insolvency is low imho, this is not a quick recovery stock like airlines or leisure industries, it will take time. GLA, let’s hope for a nice set of results and a positive board outlook tomorrow.