RE: Again & Again & Again13 Feb 2021 09:24
I agree HH.....I too learned the hard way with WSG and have more than made up my losses here with very BORING shares [RPS,NEX and LOOP]. I still hold my SVS holding more out of stubbiness now as it has been over a year in their own littlew lockdown and I have considered them as lost. , but on the plus side, it allows me to message Peter every now and then as a concerned shareholder just to wind him up and remind him of the reality of his successes and accomplishments... [he still sees IRAN as an accomplishment by the way]..... It is only when you put WSG in perspective like Misty did:
2008 = 44M shares and an MC of 8M
2021 = 270M shares and an MC of 12M
raises of £50M
Cash in the bank £0
Profit = £0
The world is less safe and we had Covid, it might make you want you to be in a business selling security equipment and Covid protection..... as what could possibly go wrong !!!
It really does make you wonder if Peter knows what he is doing...... His track record is abysmal and he still refuses to take responsibility and the final straw being when last December he decided to wipe the slate clean to erase all of his fook ups and start again......... using his trusted "cusps" to bring in them fresh committed IIs who started selling down within a couple of weeks.....
I too am not sure why H&N, Aiming and Gibbo give this share such warmth,... it meets all the criteria for a dog of a share and that is borne out by FACTS......... Yes we can all buy a lottery ticket and WSG just might get a meaningful MSC over the line... but like HH, I have found that there are better lottery tickets out there.......
Look forward to Aiming and one of his little funny retorts....... I think Fowler and clan are just bad at business and Peter is only looking out for himself.... as I have said over and over again... his address book is much more important to him than share value....... we can all eat cake.... would be something IU expect Peter often says.........B