What’s your big gamble?

[ALawson]

Thanks for the AMGO tip today, I have been watching them yo-yo previously.

Sold some COST shares from a RI which were 60p for 67p and stuck them into AMGO at 12.9p (this supplemented some bought at 9.73p). I foolishly chickened out of buying at 9.15 first thing.

Looks like the final pricing following UT has now dropped a little but still 13% up, fingers crossed for a few more p first thing Monday.

I should have sold all my COST and taken a bigger punt!

[journeymanpro]

SimonTheSailor said:

500 Miles said:

vulture1 said:

I read that as they are going to dilute the shares to raise capital? Anyone else?

That’s how I read it.

So we're going to get f*cked a bit more ?

Sold all my RR for a big loss in my terms. Can see it falling Monday morning aswell.

[GPH]

GPH said:

500 Miles said:

rich12 said:

Mr 500... AMGO. I assume you never sold yours?

As I think i said yesterday... fking love Amigo

If anyone wants to saddle close relatives with debt and take advantage of APR’s that would make a glasgae loan shark blush, I can thoroughly recommend Amigo...

It’ll probably tank tomorrow now!

I know little about this but what i do seems bizarre!
so founder and owner of 61% tries to oust board and reject takeover offer of failing company and says if he does not get his own way he will sell his shares 1% a day?
which he is now doing as can be seen from the RNS

but as of tomorrow he will be under 50% therefore potential for a new takeover bid that could be accepted?

Hence price now rocketing as people suggesting 15 to 20p might be takeover offer price?
The takeover offer in May was for 20.9p which was about the market price then.

Which will be ok for people buying now but terrible for anyone investing before 1st June which is when it first descended under 20p
Have I got this correct?

Edited by GPH on Thursday 2nd July 20:18

BIG THANKS to 500MIles and Rich12 for these posts yesterday as they made me go away and research what on earth is going on with Amigo and why they starting shooting up yesterday afternoon.

I sold 90% of my portfolio this morning - including all my AML that was back to where I started nearly 3 months ago at 50p - and have put it into AMGO today.............
my lowest buy in point at 8.07am was 9.1. my highest was 13.1 at 4.20pm

All because of this thread.....

It finished the day at 13.72. UP 61%
Roll on Monday.

[anonymous-user]

Timja said:

Yes, RR... having just bought some at 281, plummeted to 260. Bought some more at 262!

Long ago someone gave me some good advice: Buy low, sell high. Easy isn't it?

Since then I have spent my entire gambling investing career buying high, then buying some more when they go low, then buying even more when they go even lower. I'm like a one man mission to force the fokker to go higher by buying 'em til there is none left to buy, but they confound me by going even lower.

[Skyedriver]

Further thanks from me too.
I only had a spare £90 which went in at 9.9 eventually
Then thought F-it and dumped half my Capita loss makers and tried desperately to add to my AMGO in HL. Took over 10 minutes but finally got in at 13.4
Like Mr Lawson above and yourself, I should have dumped ALL my Capita, and Greencore and a few others but hey, happy with 10000units.

Folks saying out at 20p, it was at 50p earlier in the year and 150p not so long ago before big drop. If a new bid does come along at over 20p would it not be worth holding out or am I being greedy?

[Riggadig]

GPH said:

BIG THANKS to 500MIles and Rich12 for these posts yesterday as they made me go away and research what on earth is going on with Amigo and why they starting shooting up yesterday afternoon.

I sold 90% of my portfolio this morning - including all my AML that was back to where I started nearly 3 months ago at 50p - and have put it into AMGO today.............
my lowest buy in point at 8.07am was 9.1. my highest was 13.1 at 4.20pm

All because of this thread.....

It finished the day at 13.72. UP 61%
Roll on Monday.

Nice move, I would say that you get the golden wheelbarrow for the weekend.

[rsbmw]

I was in amgo at around 9p and am holding over the weekend.

[Aiminghigh123]

Ok so Amigo in at 8.9 sold half for 30% profit kept the rest in.

Made a bit on RR, Menzies, IAG and modern Water.

Back in on RR, Menzies, IAG also averaged down Babcock, CINE.

Hoping for a boost for Monday as I’m nearly all in.

[anonymous-user]

marked1 said:

RR just had a massive drop for no particular reason. Manage to buy on the drop

I sold a week or so fortunately but look at today's RNS. It sounds to me like they may be heading to a rights issue or offer to raise cash. That will mean dilution = lower sp for you. Hence people selling.

That said I am only guessing who knows.

[Atanasoff]

Congrats to all who bought AMGO this morning. Fortune favours the brave so I will be joining at 13ish on Monday. Also congrats to 500 - that is a lovely car. Just be careful of the lift off oversteer unless you want a Babcock made real feeling!

Today hasn't been bad and I am back in the black although work and spending a stupid amount on a my daughters wedding dress has meant I havent been in the game. Menzies have returned to profit so just easyjet and NG now as a loss.

Going to sell Unilever as they don't seem to be going anywhere and throw in some more to see how things go. Shame AMGO isn't on 212 as HL fee's are a killer unless you stick in a couple of K.

CINE took another pounding so I may try some day trading on them. May also put some in SNG as they seem to be going in the right direction.

Sadly, I havent a clue so I may lose it all.

[wfw14b]

Skyedriver said:

Further thanks from me too.
I only had a spare £90 which went in at 9.9 eventually
Then thought F-it and dumped half my Capita loss makers and tried desperately to add to my AMGO in HL. Took over 10 minutes but finally got in at 13.4
Like Mr Lawson above and yourself, I should have dumped ALL my Capita, and Greencore and a few others but hey, happy with 10000units.

Folks saying out at 20p, it was at 50p earlier in the year and 150p not so long ago before big drop. If a new bid does come along at over 20p would it not be worth holding out or am I being greedy?

I will be mulling over what to do this weekend. At the moment I'm thinking cash out at 20p and don't be a greedy barsteward. However next week my thought process could all change. Decisions decisions

[anonymous-user]

petemurphy said:

babstock is green and flying! 0.06% up!

I have £8k of them (which for me is a big holding as I don't like to go above £4k on any one company in case they go bust etc) and keep averaging down but still can't get my average sp paid to intercept the ever plummeting BAB sp.

It's like a car vs jet aircraft race with me the car. Initially I was all smug and in profit but the sp is disappearing in to the distance and no matter how hard I try I can't catch the damn thing.

Still I think it's a solid company with good finances. Something good has got to happen ... hasn't it ??!!

[Meeten-5dulx]

ALawson said:

Thanks for the AMGO tip today, I have been watching them yo-yo previously.

Sold some COST shares from a RI which were 60p for 67p and stuck them into AMGO at 12.9p (this supplemented some bought at 9.73p). I foolishly chickened out of buying at 9.15 first thing.

Looks like the final pricing following UT has now dropped a little but still 13% up, fingers crossed for a few more p first thing Monday.

I should have sold all my COST and taken a bigger punt!

I sold the last of my FEV this morning and there is a chunk of cash.
I was thinking if I had put that all into AMGO .... I'd be bidding on a car like 500m ....

[fizz47]

MikeStroud said:

Long ago someone gave me some good advice: Buy low, sell high. Easy isn't it?

Since then I have spent my entire gambling investing career buying high, then buying some more when they go low, then buying even more when they go even lower. I'm like a one man mission to force the fokker to go higher by buying 'em til there is none left to buy, but they confound me by going even lower.

Similar story here .... except it’s Shell instead of RR in my case... I keep thinking I purchased near the bottom only for it to keep dropping another few %. Shell is also my biggest holding.

[TCX]

Up 400 quid today,lol .005% doesn't seem as good,one of gambles Rld,suspended this week,deal or no deal????

[petemurphy]

MikeStroud said:

I have £8k of them (which for me is a big holding as I don't like to go above £4k on any one company in case they go bust etc) and keep averaging down but still can't get my average sp paid to intercept the ever plummeting BAB sp.

It's like a car vs jet aircraft race with me the car. Initially I was all smug and in profit but the sp is disappearing in to the distance and no matter how hard I try I can't catch the damn thing.

Still I think it's a solid company with good finances. Something good has got to happen ... hasn't it ??!!

better do as i have a lot in it now and its not a sexy share. not sure what will kick it off in the right direction but it really has to at some point.



please

[Adam B]

TCX said:

Up 400 quid today,lol .005% doesn't seem as good,one of gambles Rld,suspended this week,deal or no deal????

jeez man, a space after a comma please

[vulture1]

MikeStroud said:

petemurphy said:

babstock is green and flying! 0.06% up!

I have £8k of them (which for me is a big holding as I don't like to go above £4k on any one company in case they go bust etc) and keep averaging down but still can't get my average sp paid to intercept the ever plummeting BAB sp.

It's like a car vs jet aircraft race with me the car. Initially I was all smug and in profit but the sp is disappearing in to the distance and no matter how hard I try I can't catch the damn thing.

Still I think it's a solid company with good finances. Something good has got to happen ... hasn't it ??!!

I don't see the fascination with Babcock apart from a rise from july 2019 the max trend chart looks like a "has been" that could easy go much lower.

[petemurphy]

Adam B said:

jeez man, a space after a comma please

im sure tcx's tips are good but i cant understand a word!

[anonymous-user]

For those interested, the Telegraph fantasy share prize competition starts for real 8am Monday. In reality as the market is going down at present you're probably better off choosing NO SHARES until the market starts going up!

https://www.telegraph.co.uk/markets-hub/fantasy-fu...