Some of it does depend on one's age, of course. Really and truly it's our own ill-thought out strategy, we shouldn't be in long-term plays at all. But for those of us who see our 80s looming ahead, the patience required for reward in five or maybe even ten years' time is probably going to be patience wasted. Unless, of course, we want to leave a decent amount for our executors to deal with :)
"The way people talk on here UFO is guaranteed"
Yes, and I will never forget the hubris and orgasmic ramping surrounding Xcite Resources, back in 2010. If I'd had a fiver for every time the the phrase "Totally De-risked" was used on its board here, I'd have virtually been a millionaire from that alone. The same "Totally De-risked" Xcite Resources whose shares went from £4-something to a few pence, before de-listing and liquidation.
Rose-tinted glasses mean nothing on AIM.
Whilst taking a neutral stance at the moment, one minor point I do agree with you on, Steveiom... the 'embracing' of "Bill" as almost a family member, as you put it. This always makes me cringe, on any board with any company. .. the use of a CEO's first name as though he is the kind of close mate you've got down the pub. Yes, maybe some small investors have actually met the CEO at an AGM (when doubtless he wouldn't recall their name from Adam's, in any case), but let's be realistic, the vast majority of us never have and never will.
Hello R, I hope your eye problems are soon to be resolved happily, if not already. I'm afraid UFO is proving to be one of those shares which would probably be as well featured in 'The Watchtower' as in any investment journal, inasmuch as there is seemingly always "Big News Coming". Another case of unfortunate timing on my part. I thought it could be a quickish dip in and out, before loading up here again. As you say, this is my "spiritual home". We've always remarked on the good-natured camaraderie of this board, whereas the Kingdom Hall seems to be populated by witnesses to fractiousness more typical of boards in general. Kind regards, y
Salubrious greetings, Mr Rocket. Indeed, it is true that Miss Wemyss departed these shores some months since, to accompany the Reverend and Mrs Grimm on a mission to Mars (with the aid of some parvenu, and not necessarily Christian, by name of Branson), in the hope of converting the natives to the True Way, a most worthy cause which hast, sadly, had but limited success. The while, the good lady hast sought to avail herself of some opportunity to revive her fortunes, whilst her shareholding in the canal company hast been diminished in value greatly. This noble enterprise hast suffered, it would seem, under the past direction of those of The Quality, who inexplicably obtained barges for its operation which were too wide for the locks. My own dear father, Mr Keeper, would have been able to warn them of this most fundamental debacle. It would seem now, though, that some personage hast been returned, on licence, from transportation to the colonies, to , as they will say in the 21st century (see below), "sort out this mess". And the canal company hast, the more, been much reduced in its trade and receipts by the lack of suitably-qualified bargees from the Russian and Austro-Hungarian Empires. In these unfortunate circumstances Miss Wemyss hast perforce to abandon her dreams of obtaining a fine new harmonium from the leading London purveyors of same, and hast instead obtained an inferior "flatback" version from Indo-China through the offices of a northern gentleman known as "Mr Ee Bay Gum". This somewhat upset Mr Patel though, as Miss Wemyss declared, whilst Mr Patel's excellent emporium can be relied upon to provide us with our every need, from Gentleman's Relish to ladies' corsets, it could not have been expected to have the odd harmonium "out the back". Times hath been hard for poor Mr Patel in recent months. It was only the intercession of Sir Jasper with his friend, Lord Palmerston, that allowed his enterprise to be classed as "essential", greatly to the relief of the ladies of the village who were in need of new corsets. To return to matters of greater import, we villagers continue to take the greatest interest in the fortunes of the canal company and, gathered together in the Dog & Duck, eagerly await the arrival of Sir Jasper's footman each morn, bringing news from the London Times. Miss Wemyss' and the Grimms' regrettable failure to make headway with the Martians sustains us all in our desire to return to the "comfort zone" of the canal company. This patois from the 21st century (see above) has been communicated to us from Lady Hermione, whose residence in the asylum hast enabled her to "see into the future". This ability hast, however, given her the unwanted familiarity of the Attendants, with their constant demands of "Go on then, luv, give us the numbers for the Lottery".
Sustain is clearly a word totally alien (pun intended) to the vocabulary of this share. I am beginning to believe that if Jesus were to announce that Hanc**k was to be the site of His Second Coming to Earth, the sp would go up till about lunchtime and end the day where it started, with a bit of red thrown in the next day for good measure.
Ah, 50 years. Well, I'm quite used to the assertion that you need patience with AIM stocks. I've read this on every board I've ever followed. But having to switch off until about 2070 to see if we've crept back above 0.80 will be a truly monumental feat of patience :)
Always slightly amuses me when people are totally sanguine about a consistently declining sp - indeed they seem to almost relish it - because "I'll be buying more". I remember this with a disaster of a share I had the misfortune to be in which went from about £4.70 to about 25p. But as it disappeared beneath the waves there were still those gleefully announcing "I can top up, I can top up".
I'm glad that there's at least one other lingering member of the old 'neither a borrower nor a lender be' culture left on this earth, HH. It's the way I was brung up in, I suppose, a very old-fashioned working-class family. My old dad was mortified at even having to have a mortgage on our modest little house, and paid it off in record time by taking a evening job cleaning after he'd already worked an eight-hour shift in a factory and travelled 20 miles home. I have to say I've had a wry smile during the current pandemic about that element of the consumerist society which has caused people to scream about having to sacrifice foreign holidays for a whole year (!), with an anguish which would make you think they'd been ordered to slaughter their babies.
I don't say much. But I've been in AIM for many years, and have suffered several boards which have been deeply unpleasant places to be. This, sadly, is one of the worst. Why people want to indulge in incessant acrimony and viciousness is beyond me. Maybe it's because of my advanced years, of which realistically there aren't going to be too many left, but quite honestly I think I'd far sooner have Chris Whitty and Patrick Vallance round for a couple of (very) small sherries and an evening of Gloom than read 99% of what goes on here.
"the patient among us".
Feel a bit of a comfort blanket with your posts, HH, amongst a turbulence ranging from confused to just sheer vindictiveness. A board, I have to say, I am not happy with. As I think you know, I fall into the "patient" camp, having cut my teeth, through fillings, crowns and dental implants, in SGZ. Even so, I'm hoping that your predictions of "the second half of 2021" might be of more accuracy than an outcome which will be of interest only to the Executors who have, in the course of time, to dispose of my shareholdings :)
Of course, they've been hoist by their own petard by this promise to issue an RNS at the end of the month, every month, come what may. Another of RG's rash statements. So, if all they've got to report is that one of the cubicle doors has come off its hinges in the staff toilets, that's what they report.
"Lying through his teeth"? Come, come, Baz. Don't forget "Today's news is therefore a landmark event both for the Company and for Scotland".
A landmark event for Scotland. But I bet Herself is now thanking her lucky stars that the Bute House broomstick was in for its annual service and MOT on 30 November.
As a many times self-confessed amateur on here, who always respects the opinions of you industry professionals, I have to say that the level of salary of which you are critical is indeed rather eyebrow-raising. I was earning that sort of money 30 or 40 years ago, in jobs which didn't really entail a wealth of experience and certainly not physically hard work and even the potential for danger. This all leads me to have another big question mark over our previous management. I thought they were supposed to be industry professionals of an almost world-class standard. Surely they should have been au fait with the rewards necessary to attract good quality staff? Or so you would have thought.
That is a very good way of putting it, Samson. Ten years many of us waited, progress being made at a pace which made the average snail look like Usain Bolt. But at least it was incremental progress, however slow. Now, on a daily basis, we almost don't know whether to expect spectacular success or total collapse.
Hi Prospector, Yes, don't worry, I know how to be patient. Anyone who's been in SGZ since 2010 knows patience, LOL! My comment was really underlining that, since many people's patience seems to evaporate between 8.00 and 4.30.