With much regret I've had enough....time to move on.22 Oct 2020 10:57
After being a LTH with VAST for a couple of years I am sad to say me that I have decided to sell up and move on.
Sold my last 9.8M shares this morning. At one point I had just over 60M shares.
It pains me to see how the market always reacts to good RNS's with Vast and I've taken a big hit on VAST over my time here.
I thing one of the major issues is the amount of dilution that we have had to endure over that time which makes any meaningful increase in SP more and more difficult. The dilution has been so ripe that AP could be a consultant with Robinsons Orange Juice
With vast I broke one of my golden rules -- never fall in love with a share -- I stuck it out so long as it was my first share that I saw rocket from sub 0.2 to plus 0.5. I only regret not stepping out at that time.
I wish each and every one of you the best of luck and do hope that AP proves me wrong.
On the up side I did move a lot of my holding from VAST into Tullow Oil and yesterday is grew 25%, small realignment today which to be expected and I'll be putting the proceeds from this morning's sale there as well.