What’s your big gamble? (Volume 2)
Discussion
g4ry13 said:
A person can invest £4k into a share and if they hit the jackpot and manage to turn it into £100k are taxed on the gain. But if the person punts £2.50 on a euromillions ticket and wins £100M jackpot they pay nothing in tax. The system seems a bit wrong that any form of enterprise / attempts to further oneself is associated with more tax on money which has already been taxed / NIC etc.
On the other side of that, you cant write off your gambling losses against tax as you can for an investment lossAiminghigh123 said:
Chris Type R said:
Aiminghigh123 said:
SYME RNS out. Which way will it jump?
It sounds from LSE that it's not the fantastic news people were expecting. LSE board is mixed. Few reckon 1p today. I usually take at least 50% off the gains LSE say so 0.8 at best is my prediction
I've added a few more myself.Chris Type R said:
Aiminghigh123 said:
Chris Type R said:
Aiminghigh123 said:
SYME RNS out. Which way will it jump?
It sounds from LSE that it's not the fantastic news people were expecting. LSE board is mixed. Few reckon 1p today. I usually take at least 50% off the gains LSE say so 0.8 at best is my prediction
I've added a few more myself.It seems that early 2021 is when news will be released. I'm guessing lawyers are busy getting the T&Cs in place.
Early in the New Year, the eligible Client Companies will receive a formal, confidential communication from SYME disclosing the identity of the Inventory Funder and the time-table to execute their individual inventory monetisation transactions. Shortly thereafter, the Company intends to disclose to the market the identity of the Inventory Funder, the key features of the Inventory Monetisation programme and the targeted positive revenue impact for SYME.
The Company expects to make these disclosures within the next month once the Inventory Funder confirms its release from the non-disclosure agreement or as required by market disclosure regulations.
I have a few of these and was tempted to top up, but put more into Alpha following the drop this morning.
Could prove costly, but I think there is some time before the details are released at which point it will move in a direction (north hopefully).
Chris Type R said:
Aiminghigh123 said:
Chris Type R said:
Aiminghigh123 said:
SYME RNS out. Which way will it jump?
It sounds from LSE that it's not the fantastic news people were expecting. LSE board is mixed. Few reckon 1p today. I usually take at least 50% off the gains LSE say so 0.8 at best is my prediction
I've added a few more myself.Basically going all in on SYME. Ha ba
Adam B said:
cheeky_chops said:
Any thoughts on AMGO? Been drifiting lower (-10%) over last few weeks and the scheme of arrangements RNS hasnt helped. Thinking of dumping for PHE, wish i had last week!
I sold yesterday as I figure it’s a 50/50 bet and I had too much in it to lose. If FCA don’t agree I don’t see an end to the complaints and compensation, if they do the SP will rocket.In my experience of FCA they don’t want FS companies to go bust, and AMGO reserves go to insolvency lawyers rather than clients, so I think they will agree some other eventually though may be a costlier deal.
Not sure we will hear anything for a few months yet so SP might drift lower, I might well jump back in later. If it’s good news and I’m too late so be it
I average about 9.5p so down a little at the moment but intend to just ride the next few months out and see what happens.
Even GPH sold out a month or so ago and he was the voice of AMGO on here so things must be bad !
elanfan said:
I’ve been a long term holder of PHE and have 25 bagged turning £4K into £100k.
I know others have already said it but very well played Sir ! That result is what we are all dreaming of.I had PHE at 3p but sold at 3.5p taking the profit whilst I had it.... let me be honest, I am so ferking peeved at not letting it run but it had sat at 3p for months so was glad to get out with 15% profit ... then it 3 bags within a few weeks. Same story with CERES I took a 10% profit...
But what a great result - 25 bags! Wonder if anyone will ever beat that here?
Firstly congrats to elanfan. Must be deeply satisfying.
Still in AMGO but down 40%. It was only £800 so not life changing and it may well bring dividends. Just not willing to bet more at the moment. Once FCA approval I will dive in again. Realise that I won't make as much return but it should be more of a "sure thing" by then.
Today - Ibstock (that I was talking about a few weeks back) and Ceres. Watcheed th fully charged video and kicked myself I hadn't looked at it more closely when you all started banging on about it (when the price was £1.80). Still think it has a long way to go.
Still in AMGO but down 40%. It was only £800 so not life changing and it may well bring dividends. Just not willing to bet more at the moment. Once FCA approval I will dive in again. Realise that I won't make as much return but it should be more of a "sure thing" by then.
Today - Ibstock (that I was talking about a few weeks back) and Ceres. Watcheed th fully charged video and kicked myself I hadn't looked at it more closely when you all started banging on about it (when the price was £1.80). Still think it has a long way to go.
Chris Type R said:
... The next couple of months are probably going to be pretty bleak.
"FTSE 100 on track for worst year since 2008 – business live"
Yep most of us in Tier 4 today and a full lockdown expected in January sometime. I don't think we have turned the corner yet. Wonder if all the airlines, cruise companies, travel agents, venues, retail, commercial property, etc etc will last another 3-6 months of zero revenue with high outgoings. I think there will be some cheap shares in that space come February."FTSE 100 on track for worst year since 2008 – business live"
Very bleak indeed. Not to mention not being able to see very elderly/infirm parents 100 miles away or kids etc.
MikeStroud said:
Even GPH sold out a month or so ago and he was the voice of AMGO on here so things must be bad !
Yeap! my gamble shares are normally when I expect something big to happen ( as opposed to regular investments I have like Daimler where I expected a gradual rise back to pre covid levels) so I don't dive in and out in case I miss the big announcements/increases so stayed with Amigo for 5 months/.But then the Board said they were still dealing with more complaints than expected and no new lending until next year so I took that as an official sign that there would be no good news for a couple of months and to use my money elsewhere. This was at the time that the share had plateaued at 10p so could just see it drifting down as people lose interest so sold 99% of my holding at just over 10p.
I will go back in at some point as I do think they will win against the complaints and I was pleased to hear that they were going to diversify into regular non secured loans which is a much bigger market than the current guarantor only loans. This could be a big money spinner .
In the meantime I put my money into EUA
- which ha ha, also dropped this month but at least by not as much as Amigo! and I'm hoping for the big pay off in January.
A happy, healthy and hopefully very prosperous new Year to you all.
Aiminghigh123 said:
Chris Type R said:
Aiminghigh123 said:
Chris Type R said:
Aiminghigh123 said:
SYME RNS out. Which way will it jump?
It sounds from LSE that it's not the fantastic news people were expecting. LSE board is mixed. Few reckon 1p today. I usually take at least 50% off the gains LSE say so 0.8 at best is my prediction
I've added a few more myself.Basically going all in on SYME. Ha ba
I feel SYME is heavily invested by PI who get bigged up to expect huge rises on certain RNS (I have been there with AA, GGP etc) and when there isn't a big spike as the news is expected then they sell to get a spike somewhere else.
For me SYME remains a gamble and hope by the end of next year it'll triple bag for me. It's my second biggest hold and I bought another 500,000 shares today on the fall.
PS 14% down right now !
Edited by anonymous-user on Thursday 31st December 13:14
GPH said:
...In the meantime I put my money into EUA - which ha ha, also dropped this month but at least by not as much as Amigo!
Yeah EUA down 20% in the last 3 weeks despite the "big news" expected. It's my biggest holding but feel it woill be a damp squib as II aren't piling in and the last RNS when the sp was 32p seemed to be saying the sp was overheating. - which ha ha, also dropped this month but at least by not as much as Amigo! I still reckon sale price will only be 40p, maybe at the outside up to 60p if lucky.
MikeStroud said:
For me SYME remains a gamble and hope by the end of next year it'll triple bag for me. It's my second biggest hold and I bought another 500,000 shares today on the fall.
https://twitter.com/supplymecapital/status/1344641362113798146?s=21Edited by MikeStroud on Thursday 31st December 13:14
05 Jan - let's see what comes out of that....
MikeStroud said:
Yeah EUA down 20% in the last 3 weeks despite the "big news" expected. It's my biggest holding but feel it woill be a damp squib as II aren't piling in and the last RNS when the sp was 32p seemed to be saying the sp was overheating.
I still reckon sale price will only be 40p, maybe at the outside up to 60p if lucky.
Seems to be a lot of speculation over the sale price but I’m not sure anyone on the forums will have much of an idea what the sale price is going to be, my place of work sold for hundreds of millions including the cost of the inventory but I very much doubt any of us working there would have had a clue what the final sale price was going to be despite some sort of insider knowledge. I still reckon sale price will only be 40p, maybe at the outside up to 60p if lucky.
Think that’s why the predictions on the boards range from 40p - £3. We may have a rough idea how much value their is in the ground but less knowledge in how expensive it’s going to be to mine it, transport it and sell it etc. There could be a number of companies involved in the sale which is why it’s not been instant and to be honest I’m going to guess that multi billion dollar deals don’t occur within 3 months especially when we’re in a pandemic to boot.
I’m going to go out on a limb and say it’ll be end of Q1 before we hear any concrete news
Meeten-5dulx said:
I can’t see that any chance of posting up tge content.elanfan said:
Meeten-5dulx said:
I can’t see that any chance of posting up tge content.Skyedriver said:
Has the HL web site screwed up prices again?
eg GGP Buy 50p Sell 10p/
Seems like a few of mine have dipped severely over the last hour or so
SYME
SNG
EQT
PHE
HL always has a hissy fit for approx 1hr after the market shutseg GGP Buy 50p Sell 10p/
Seems like a few of mine have dipped severely over the last hour or so
SYME
SNG
EQT
PHE
London Stock exchange best for accurate prices.
GGP, 36.9
SYME, 0.58
SNG, 153
EQT, 2.59
PHE, 9.8
Gassing Station | Finance | Top of Page | What's New | My Stuff