Member Info for xbb2008

December 2014 here!! Been heavily in all the way.

The inevitable big spike followed by the inexorable drift back downwards. Having been in this share for 8 years now, sadly all too familiar.

Ah understood NGR. Well done. I first got in at around £1 but got cold feet on averaging down once I got to around 37p or so! Wish I’d kept topping up into the teens now! Still it’s ended up being my largest individual holding somehow so can’t complain at recent movements :-)

Our average cost must be the same NHR - after sitting on 60% plus losses for so many years I just hit 20% profit too in the last few minutes.

If it is Burford Capital that's funding the litigation, then I may be able to double-dip the upside here as Burford is another one of my former portfolio stars now sitting on a hefty loss that it's failed to recover from since the Muddy Waters attack a few years ago. Like Nanoco, my stupid emotional tie or reluctance to crystallise losses has led this to just stagnate at the bottom of my portfolio. Fingers crossed it's them funding Nanoco and a possible 2x red to black for my portfolio in the near future! (apologies BC for hijacking your post - i couldn't find the one earlier this week that referenced burford).

Think I’m going to stay in. I’d mentally already written this one off a while back so in a sense there is only upside for me now. Plus as you say the investment case is pretty solid now :-)

My my, I never thought I'd see the day. Having averaged down from the heady highs of £1+ to a current average of 37p, I thought this particular part of my portfolio was only ever going to be good for some tax losses. I had to blink a few times when i logged into my account this morning when i saw a few grand profit. Wonders will never cease! If I recall correctly there was a 2-3 day period in Summer around 3 years ago where i was fleetingly in black as well, but that didn't last. Hopefully this time it's different. Perhaps I should just sell it all today and kiss goodbye to the Nano LTH pain!

Determining how complete an open project is at period end for creative businesses is always going to be highly judgemental, especially as these types of businesses don't tend to be fans of using timesheets which is a tool often used to help make that determination. Could just take the simplified spreading purely on time basis, but few projects would progress evenly over time, e.g. some will have a lot of upfront work, a period of steady state work and then a big push at end of the project to get it finished. Revenue recognition profile needs to reflect that but can be a difficult judgement to take when you're only partway through such a project at period end.

Don't forget the hammering that Nasdaq /digital stocks have taken recently and particularly yesterday. Also the squeeze on everything at the moment generally leads to easy discretionary corporate spending being cut first, which unfortunately advertising falls into (although many would argue that in times such as these investment in ad spend should actually increase to try and maintain sales).

Bridgedog. Just re your final question - Auditors have to be substantially complete even to allow prelims to go out unaudited.

Very LTH here - first bought in at end of 2014, well above £1. Averaged down to 37p over the next couple of years then essentially gave up, but being the stubborn git (and consequently rubbish investor) that I am refused to sell in the hope i might at least be able to recoup my cost at some point. Sat on 122k of these shares, so will be quite nice if we can at least get above my 37p average cost this year. Been a major drag on my portfolio for way too long...

.... only another 10.5p to go until I breakeven......still, nice to break above 11p again. The joys of being a LTH.

Been invested here since 2014. Averaged down a fair few times but still have average cost of 35p or so. In my mind wrote my investment off several years ago as it was always always jam tomorrow. But would be nice if I did manage to break even or even get a profit .

Thanks Elguiri. Happier to bow to wiser/more knowledgeable heads in this area. Having been through (and in fact continuing to go through) a process at my own place to try and standardise all the steps in what should be the same process in every market, i can well understand the complexities involved. I guess my point was that once an organisation's process flows are all 100% standardised step-by-step across the world (no mean feat in and of itself as every employee in a certain function does things slightly differently - and don't get me started when Excel starts creeping into the equation!), then the transfer of that fully standardised process into an RPA environment "should" be straightforward regardless of the supplier of that RPA service. Hope that helps clarify where i was coming from, but as per my opening remark i'm not precious about my pov and happy to be corrected by others more in the know.

Low barriers to entry I suspect. Wouldn't take much for one of the big boys to enter the market - at a discounted price point - and take all of BP's share. I think a lot will depend on their existing client base (which looks impressive from their announcements) loyalty.

If it breaks 800 might just sell up (i'm usually a LTH and rarely day trade) and just pocket the £200 profit and take the mrs out for a nice meal this weekend. Sometimes brownie points are better than sitting around waiting for a big share profit :-)

So far so good!

Bit out of my league! I was £6k.

Decided to take a large punt (by my standards at least) and piled on at 7.74 at 16:29. Fingers crossed I’ve for once in my life found the bottom rather than missed a falling knife.

Yep, for once in my life I seem to have got the timing right for taking a little profit. Managed to sell a tranche at 708p earlier this week and have just bought that tranche back again at 505p today. Always nice to have a bit of profit actually in cash at the bank along the way of a long term holding! Sadly, I can give many more examples of getting that timing wrong over the years.