Member Info for Wulbert

Camdenlad, you said:

"Now keep your politics off this BB"

Does that apply, in your view, to all political comments on here, or just those you may disagree with?

Just curious.

SP forty-odd pence. Down about 17 per-f***ing-cent and seriously scunnered.

AduK,

Re; O/T chat. I got the "Dam Busters" book by James Holland, on your recommendation, as a Xmas gift for a retired engineer friend. He's 86 yrs old, ex-national service and loves a good story especially with technical challenges thrown in.

Trouble is it arrived today. Had a wee look at the Prologue and now I'm hooked. Gripping stuff. Trying to read it without bending the pages, but may need to admit defeat and get a copy for myself.

Thanks for the tip off.

(It's funny, I was in primary school in the mid-seventies and "Commando" comics ( or "graphic novels" ha!) were all the rage, almost like currency. WW2 seemed a dim & distant past to us kids, but had only actually ended about 27 odd years earlier. Equivalent timescale now would by like me remembering the fall of the Berlin wall (1989) or first Gulf War (1991). Doesn't seem that long ago to me, now in my mid 50's)

Well, can't complain if others are down and we are up.

I was kind of hoping for a bounce back to mid-high forties after an OPEC cut. That based on nothing other than my own wishful thinking. Still sitting uncomfortably below my average. Can't help feeling that the "meaningful vote" outcome next week will be a shock to the market downwards.

Port sounds good though. (..."slice of lemon with that vicar...?")

JayKay, thanks for your informative reply. I fear I am becoming a bit of a Nervous Norvus of late.

However, "Feel the Fear and Do It Anyway" as the book title has it. I ain't selling these for a good while yet.

The SP over the last few weeks has been a lot lower than many on here expected. I was musing on this today and realised that whilst a fall from 50p to 40p is a 20% drop, a rise from 40p to 50p would require a 25% increase in SP. (probably everyone else and their dog knows this from day 1)

Does this make rises "harder" to achieve than drops?

What I'm trying to understand is if any forthcoming highs would be, in effect, "dragged down" by recent lows or whether good news and good fundamentals will out in the end and the SP will be where it would have been any way.

I appreciate that the question is somewhat nebulous & circular and may well have no real answer. I'm just trying to get a "feel" for the way the market behaves in some small way.

( I don't know if it's just my age, but the world feels a lot less "normal" than it used to)

I can understand why Boyzee. Perfect s**t-storm brewing it seems.

But, at around 10% down on HUR right now I'm not for selling. Even if I was in profit I'd still be worried about selling now and then missing a sudden rise on good news. Since I'm too busy (or lazy) to watch the market like a hawk every day I have to go slow, long & steady. Any other tactic I've tried has burned me.

Got rid of my US stocks a few weeks ago because of the orange bull in the china shop disrupting trade and took my long term (5 year) profits (which have since been almost equaled by my paper losses on HUR during this month, such is life)

Still got my Softbank 'cos their move to the Tokyo exchange means I can't trade them on-line any more. Need to get round to requesting for a paper certificate (lazy...see?). Anything else UK AIM I have is so badly devalued, it's not worth selling, might as well keep it for the future.

Got my health, my kids and my missus and a roof over my head. A lot to be grateful for as mid-winter approaches.

Thanks for the vid Chislehurst.

I know its a bit daft, but seeing the Aoka Mizu up close like that, in European waters, just makes the whole adventure feel much more real, visceral and impressive. I hadn't fully appreciated the size of that vessel.

Serious endeavour on the high seas. It's very exciting to be along for the ride.

Psyinvest: "Rounding Brest into the Channel ..."

I can't help but feel poetic opportunity in those words...

Reading HtL's earlier post (when HUR was sub-40p) has got me pondering. He said:

"It appears to be the case these days, more so in the AIM, that few shares are ever allowed to achieve “fair value”. Every rise of any significance is sold into..."

Presumably the stock market was invented to allow more people to easily invest in a company and to allow people of vision to raise the funds needed to achieve an industrial ambition beyond the means of any one person's pocket?

I've been wondering lately if rapid speculation on shares is, overall, a good or bad thing for our economy. As a long term holder I feel I have the moral high ground over a day-trader or shorter. I can also see that I may be deluding myself and we are all in the same cess pit together trying to collect unearned income.

It does feel like there are two things going on the market. One is the aforementioned investment in a company that one thinks has prospects and the other is a fleet-footed, opportunistic smash & grab at the expense of "mug punters" like me. Again, I may be kidding myself.

I wonder would an alternative market be possible which created a "dampening" effect on high speed trading? Perhaps by making it impossible to sell a share within 2 weeks ( or 2 days, or 2 hours) of buying it. Or by introducing punitive fees on trades, related to their value at trading time?

Might it be possible to create a "Long Term" market or index where investment strategies were planned over months & years rather than minutes & days?

Not sure what exactly I'm groping at in my ignorant musing. I just seems as if allowing money to flow faster and faster around the globe, towards perceived opportunity or away from perceived threat, at ever accelerating speeds, it likely to create more, rather than less, chaos for us all.

Thanks for your views Lady S. Helpful.

Thanks for you response Casapinos. It does reassure somewhat.

I was also interested in your previous post to the effect that, at the moment, "the market" may be seeing only risk in HUR (lots could go wrong) and will go elsewhere until the risks reduce in number and potential effect.

I hadn't really appreciated just how short term and/or risk averse institutional investors are. "Faith in the company" seems to be an approach solely for PI's. (Which, I suppose, makes sense since it is our own cash we are gambling and not someone else's pension fund)

A post yesterday mentioned that American money may be fleeing the UK at the moment due to "B" uncertainty.

Does any one know if US investment is crucial to sustaining HUR share price? Are there enough other potential share buyers out there to compensate for any future lack of interest from US?

Or, perhaps once actual black stuff comes out the sea-bed, it won't matter whether the UK is in, out or shaking it all about?

I can only imagine how Brexit is playing out in US media. The HUR board thought the US was important enough to merit an investor-recruiting roadshow.

Brave people these oil explorers.

The thought of being in a boat, which is tied to stuff which is tied to the sea bed, in rough seas, gives me the willies.
Is there a big red button which cuts the FSPO free in the event of an emergency?

How come all the Stones still have all their hair and 24 inch waists?

Pact with Lucifer?

Makin Hay;

For a long time, I read your sign off ( "Atb Rich" ) as "About To Be Rich". Took me a while to realise it's probably "All The Best, Rich"

Hope the former turns out to be true though.

Pete le street:
"...not great but I think most on here probably have averages in low twenties if not lower and are sitting fairly safe even if we do hit late 30’s..."

Spare a thought for those of us with a higher average, Pete. (48p+ in my case) Finding this a bit painful.

In the past I, also, have been the relaxed, still-in-profit, holder. Keeping my calm whilst less cool-headed (i.e. sitting on a paper loss) folks get their knickers in a twist. It's a different feeling though when it turns very red in the profit/loss column. I'm trying to use it as an insight into my own psychology, rather than a source of stress.

Reminds me of a quote from Alexander Solzhenstyn's Siberian gulag memoir; "One Day in the Life of Ivan Denisovich":
"How can a man who is warm understand a man who is cold?"

Still, I was never going to sell any until after FOIL and plan to keep the majority for a few years if possible, so WTF does it really matter?

LD: "- just before it dropped from around where it's trading now just after the Scottish referendum to 10p."

Are you suggesting the SP dropped as a result of the "No" vote in the 2014 Scottish referendum? Why would that be?
I would have thought the opposite effect would have applied?

Just trying to understand, no axe to grind.

Thank you for posting this Biffa, I hadn't seen it until now.

I can see it as a quite gripping screen play; One man's hunch versus corporate disbelief & risk aversion, stormy seas, sweltering nights in Vietnam pouring over log tables, the garrulous 4a.m. taxi driver, the cynical shorters....the loyal PI's....make or break Xmas 2019....

Maybe I shouldn't be drinking on an empty stomach.

JayKay1:
" Apologies, just realised my last post might sound a bit derogatory towards Scottish delicacies... Looked tasty in the link photo, just wasn’t expecting that ingredient list, hope I didn’t offend ;o)"

Ha, ha, no worries, no offence taken. I'm sure every region has it's own less-than-healthy "speciality"!

I reckon the only way you could successfully "burn off" the fuel from eating butteries would be hauling fishing nets in a freezing February gale in the Forties.