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My word I'm having a torrid time recently on the markets. Having been briefly sat on an £18k profit on PRSM, as of today i'm pretty much bang on breakeven. Similarly, having briefly touched a similar profit on Burford a few months ago, I'm now nursing losses. And the least said about my largest individual long term holding (nanoco), the better. I'm a stubborn old fool though, so will hopefully see the sunshine at some point in the next decade! Hopefully my tale of woe will at least make others feel better!
Darn, was going to average down this morning. Went for lunch and only now managed to get in at £7.90. At least got my overall average down to less than £10 now. Have fun all.
I'm happy holding for now. I've got 638 shares at average price of £11 or so, so am sitting on a reasonably large paper loss at moment. However, i've been in and out of Burf since 2015 and made around £10k of profits in that time , which covers the cost of my remaining holding even if wiped out. Whilst the MW report seems well researched, I do also believe in the fundamentals of the company and am quietly confident that, assuming it can still finance growth going forward either by equity or debt, that longer term this will come good. The world is only going to get more litigious!
My word this share has given me palpitations over the years. I'm grateful for the advice given by one of the posters on Friday - paraphrasing: "doing nothing is the wrong move today, if you still like the share, buy more, if not then sell". I've been long on Nano for almost 5 years, well before the US partner came along, and still like them despite the hiccups along the way, so took the poster's advice and bought in on Friday and averaged down quite significantly (although my breakeven is still around 35p.....better than the 47p is was prior to that!). Onwards and upwards hopefully from here. GLA.
If it makes you feel any better BTB, I'm staring down a £35k on Nano just today. Torn at moment between chucking more at it to try and get the bounce, selling up the remaining few grand i have in it, or just sit tight and do nothing. The third option is currently winning. Not a great day.
I truly despair. Briefly got back in the black 3 months ago and considered selling then. Greed as usual got better of me. Now sitting on a £35k loss. FFS. Inter serve as well a few months ago. This is not shaping up to e a good year.
Very depressingly just been doing some late spring cleaning of my ISA and S&S portfolios. Not a massive holder in Jay, but still have 30,000 shares at average price of 22.5p. A bit of a shock at the size of the red this morning!
What a pleasant surprise today. I've been invested here since end of 2014 - my largest individual holding with multiple drip feeds in over the years. Been in the red for 99% of that time - low and behold a few grand in the black today. Happy days. Now do i sell the lot and avoid future angst or hold on for the longer term (hopeful) growth. decision, decisions...
No let up in downward pressure so I think you’re right. Could see sub 1000 this week. I took the recent RNS as positive in the longer term but I guess the analysts will always stick to their myopic short term mindsets. Such is so much in life! I’ve set a top up for if we see sub 1000.
Perhaps a top up opportunity. Silver lining and all that !
What on earth is going on this last few days? Surely an overreaction.
This is painful to sit through. I got in around 700 but still depressing to think what might have been had I sold at 2500! I’m in for the long haul so hopefully given time we can finally move from the investment phase to the sustainable profitability stage.
So good strong revenue growth. But continued ebitda losses and expecting them to continue for FY2019. Investing in the business. Markets would have wanted breakeven by then I’d have thought so despite the strong revenue growth I don’t think we are going to see much SP bump today, if any.
Hoping the uptick in SP today is indicative of just such some news tomorrow!
Trading update next Tuesday now confirmed