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"even today still fall for the sucker punch. "
Well i never said that. How much did you lose then Johnnie?
This was my very first venture into share dealing when under the COMS label. Exciting times in the beginning and I thought investing in shares was a doddle. I should have learnt my lesson but even today still fall for the sucker punch.
Well my money from the sale of the company entered my dealing account this morning and that is that. It could have been a good deal more but then again it could have been SFA. I wish fellow LTH's here good luck in the future and I have no doubt a new COMS will raise its head at some stage.
Good Bye.
I meant it wasnt so bad! typo there
Glad it was so bad then in the end, thankfully averaging down I made a profit on this.
No, overall a smallish loss but quite relieved that the SP rallied from the low 30s that we saw for much of last year. It could have been so much worse.
Did you end up making a profit
Well, That’s it. The shares can no longer be bought or sold , just held until 15th May when we’ll be recompensed 90p per share held. The directors have resigned and that’s The End of COMS, REDS , SMRT or whatever you want to call it. For me it’s been an 11+ year journey of highs and lows. It’s not an ideal ending, but it could have been so much worse.
Farewell all.
Yesterday
Actually, having just checked the sell price for you (I was surprised at how high it was) I've decided to sell the lot (just over 18k shares) and move onwards & upwards - this share has been a financial and emotional drain.
The sell price is currently 86.055 (just tried it through Hargreaves Lansdown) - this may be enough for someone to take now and buy a more profitable share (Rolls Royce perhaps). It's going to be a while before the process gives us our 90p.
The spread is ridiculous.
Not only have we lost so much on the value of the shares, we have also lost the opportunity to gain on a successful share over the years. Sorry - salt - wound :-(
What a total disaster this share has been. Glad to be finally out tbh. I don't know if my 80% loss has been worth the lesson I have had, but at least it's finally over.
Excuse my ignorance but does this mean they are buying up the whole company including our shares? If so is the trade automatically done or do I need to do anything?
Another Aim company who promised the world and only lined their own pockets….average of £1.52…so will get a bit back.
Me too. 12 years of downtrend. £5.60 average. Won’t get that back.
Just under in terms of holding value vs. purchase price. Glad its over...
Well, having been in this wretched share since the COMS (CONS!) days I think I'm pleased to be able to finally draw a line under this dreadful 'investment'. £5 per share - my a***!
6 days left of current offer - to jump or stay...
LOL..................
I'd expect a little movement but 0.25 shy of the proposal? Could SiS drop their offer price?
No bidding war, sadly.
Nd
The issue they now have is that holders may just want out. Jo hambro were willing to take an offer from skeeda that meant they sold at a lost
Directors settling for a low ball offer rather then the £5 they were banging on about a few years ago.