Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Are my eyes deceiving me? Do I see green??
hahahahaha spoke too soon . I think this'll be the 172nd red day in a row.
when 50% of shares are in II's hands that do not sell any shares at this level, it is all on us if the share price will be going lower. Minimum 5p should have not been breached, but some are feed up and selling to move to another stocks. Company does nothing to stop it.
Only positives in in the RNS on 30/06 can reverse the situation.
In still in.
I'm in too mariog. But a bad update on 30/06 and I'm cutting my, what are now, losses.
If update isn't good, all we've got is an FCA conclusion that I feel is almost definitely worse than expected followed by christ knows how big a dilution. So if we haven't even got solid growth, there's nothing in this share any more.
I do agree that the company appear to be doing nothing to stop SP drift. In fact, I'd go further and say last weeks RNS accelerated it.
True. Last RNS looked like prepared in a hurry and instead of highlighting recovery, which was mentioned at the end, the update highlighted the share issue only.
This can't really drift much lower. We are at 12m mcap. This is like 5-10% of the all loans book issued to customers. So weird valuation here.
SP now nearly as low as when NSF as a going concern was under threat. Bizarre. PI's always the last to know when something's up. Looks that way now. Really don't know if it's worth waiting for 30/06 any more....
Hard decision, but look, retail investors, all investors are no longer in profits here. Back in the days before update 23th Feb none of us saw the light, but then an update unexpectedly lifted the price from approx 3.50 to 8p so that was way more than 100% and that time we also heard about dilution coming soon (in Q2, now moved to Q3).
Risky to buy and risky to sell this share the current climate.
Important news here in 1 week.
One positive for the sector, Amigo sentiment is slowly coming back. Anything can happen I would say.
Risky to buy and risky to sell this share the current climate.
This mariog.
It’s true anything can happen here. Things don’t look amazing at the moment, but with its M.cap this share has never lost its potential to multi bag on the right news. Strange the board don’t seem to want it to though.
Times like this I always remember the saying along the lines of - “the stock market is a way for the patient to take money from the impatient.”
I’m in at a level where I’ve nothing to lose by holding
I’d never risk more than option money on so speculative a share as if it goes bust id not get hurt but a 10 bag would be a significant sum in the context of my portfolio losses and investment objectives generally
Genuinely wish GLA as I know there are many on here who’ve risked very large amounts of USA money or pension savings and if things go well some may become technically very well off if not relatively rich
Fingers crossed for 30th June as not long to wait now but what will kill this share is a lack of definitive statement around share issue and FCA at which point I’ll probably fold as by then shares could be 1-2p
Sorry bloody spell check ISA money
Also my low estimate is based on lack of meaningful news and my hope is the shares could go 10-12 just as easy
Once retail investors stop banking their losses, the price will return to at least 5p. That's what I think is going to happen soon. Fingers crossed.
Agree entirely Barrie.
Hope you're right mariog - needs to happen before 30/06 for me though.