What’s your big gamble? (Volume 2)

[500 Miles]

Meeten-5dulx said:

500 Miles said:

Topped up Syme and Alpha Group as well this morning, must be in a gambling mood..

Alpha Growth Plc?


Been in them since end of May and they have been under water pretty much since then.
Coming back to a level where I bought them so any increase from here would be great.

RPS & EQTEC also in the same boat (except I'm showing green on them).

I knew that didn’t sound right when I typed it. Send me a pm and I’ll send some info across.

They should be looking better today? Up 25%.

[500 Miles]

petemurphy said:

Fat Thor said:

I will never go back there !!

Me neither








Mayhaveboughtasmallamountthismorning

Good man - We’ll all get fleeced together! You’ve got to be in it, to skin it..

[500 Miles]

MikeStroud said:

vulture1 said:

You are covered up to 85k anyway same as any bank.

Just curious on this. Does the £85k apply only to the cash you have in your T212 account rather than the total of cash+shares? You can request from T212 actual share certificates and I would "assume" that even if T212 went t1ts up the underlying shares belong to whoever bought them not T212? Is that how it works?

It'll be a major pain having to have multiple platforms to keep under the limit in each.

Does anyone know how it works?

My understanding (although someone more knowledgeable will come along I’m sure) is that because you own the underlying share then you are protected from a broker going bust - although obviously it would be a pain trying to unwind everything.

I’ve got some shares with my bank and that’s how they explained it.

[500 Miles]

ALawson said:

petemurphy said:

Is capita rns good or not only had quick look but mentions a sale?

Deepverge rns too of course I had both yesterday ffs

What's the software worth?

Doesn’t say - this could be massive, although as we’ve seen before anything could happen to the sp.

My guess is that it could go up well over 15%. I think sale prices will be in the hundreds of £M’s range which will help significantly reduce debt.

[500 Miles]

MikeStroud said:

This post really captured my imagination.

GPH seems to be betting big on AMGO to come good to change his life. Same reason people do the lottery, albeit with AMGO odds are 90:10 in his favour imo as opposed to 14m:1 against for the lottery.

It's why I'm in SYME as that's the only one that may change my life financially. AMGO I hope will give me finance to have lots of fun and all the rest simply to pay my tax bill, daughters' weddings and one day, I hope, the Aston Martin.

Good luck GPH, hope it happens for you and the risk pays off in your favour.

Well said - all the best GPH!

[500 Miles]

petemurphy said:

500 Miles said:

Doesn’t say - this could be massive, although as we’ve seen before anything could happen to the sp.

My guess is that it could go up well over 15%. I think sale prices will be in the hundreds of £M’s range which will help significantly reduce debt.

Where’s my 15%!

I was only 17% out... give a chap some wiggle room, maybe I should have said “around 15% - plus or minus 100%”...

I broke the cardinal rule and almost doubled my holding first thing... when the shares were about 5 or 7% up... that worked out well... I’m confident that once a price is given then the shares will re-rate.. probably.. who knows.. there isn’t too much correlation between good news and the shareprice..

[500 Miles]

vulture1 said:

Have we talked about BWNG here. The offer of more shares at 57p 11 for every 18 held. Thing is the sp is way above having rallied (I assume) on the fact half the high street has just imploded.

500 miles I know you are still in on them thoughts?

I’ve looked at it a few times but it’s only really made sense after today’s spike, will make a call nearer the time depending on where the sp is.

Rights issues haven’t usually worked out in my favour ... BWNG is my best performing gamble share percentage wise, up over 280%.. if only I’d put all my money into them....

[500 Miles]

Poisson96 said:

Think I'm going for recoup costs and move Amigo on. It's looking worse and worse in terms of claims and warnings financially

That’s interesting - I’ve been considering selling down either my Barclays or MNG and doubling my Amigo..

Barclays and MNG are up circa 70% from where I bought them and now not too far off their precovid levels.

Gaining another 10 to 20% from them isn’t too interesting. Although doubling up on Amigo would be a decent sized gamble.. I may need the wheelbarrow..

Mike - you mentioned Amigo earlier, what are your thoughts?

Who else is still in Amigo? What’s the thinking?

Edited by 500 Miles on Sunday 6th December 11:42

[500 Miles]

I went the opposite way to Adam and doubled up on Amigo...

Thanks for everyone’s views on them - I watched a couple of the new CEO’s videos and decided it was a decent punt.. sold down Barclays that looked like they were near a peak, doubled up on Amigo and also invested in ECR.

[500 Miles]

petemurphy said:

rms down 20% on placing worth a punt?

edited to say it was down a lot more dam missed that. bit dodgy company anyway imho


talking of which - tils prospectus just published

Edited by petemurphy on Friday 18th December 11:23

I managed to resist the urge on RMS... until Friday... I’m in

[500 Miles]

Meeten-5dulx said:

JustinF said:

please don't get sucked in and lose it all, i know this is the gamble thread but CFD's strike me as quite adictive, easy wins followed by multiple attempts to find that easy buck again whilst losing your shirt.

Self control is needed,.

[500 Miles]

JustinF said:

ferrisbueller said:

Is anyone else still in AML?

Yup ~4.5% of pf just shot from 10% up to 20.3% and I'm holding on long, we've yet to have any real world benefit from the Merc stakeholding.

I’m up 134% on AML which is great as long as I manage to forget how much I lost on them when I first invested...

[500 Miles]

Merry Xmas everybody!

I hope Santa brings you all big wheel barrows so that we can continue the fun on the other side!

As others have said, thanks for helping with the sanity levels throughout these weird times we live in.

It’s been fun and I genuinely think that 2021 will see a number of our favourites recover.

Have a good one and make sure you over indulge!

[500 Miles]

Atanasoff said:

Up over 50% on Menzies now so thanks to those that recommended it.

Good day overall although cineworld has gone negative this afternoon (still 20% up so not bothered)

Overall up 8% on what could laughably called a portfolio. Long way to go and adding to next month.

Nice one - I wish I’d kept my Menzies, doesn’t feel right not holding the UK’s favourite newsagents..

[500 Miles]

Meeten-5dulx said:

500 Miles said:

Atanasoff said:

Up over 50% on Menzies now so thanks to those that recommended it.

Nice one - I wish I’d kept my Menzies, doesn’t feel right not holding the UK’s favourite newsagents..

are you admitting that you sold something??
Check under the matress .....

I know - I’m usually crap at selling, and this demonstrates why I don’t do it!

[500 Miles]

lewisf182 said:

500 Miles said:

Atanasoff said:

Up over 50% on Menzies now so thanks to those that recommended it.

Good day overall although cineworld has gone negative this afternoon (still 20% up so not bothered)

Overall up 8% on what could laughably called a portfolio. Long way to go and adding to next month.

Nice one - I wish I’d kept my Menzies, doesn’t feel right not holding the UK’s favourite newsagents..

Sold out at 245 on the big dip across shares last Monday, was 65% up at the time. Obviously gutted now as that would be near 100% - as always it's feeling crap about the extra I've missed out on rather than celebrating the 65% gain I banked! never happy me

I’m the same - if I buy a share at 10p and it goes to 100p then drops back to 90p, I kick myself for losing 10p...

Hate how my brain works!

[500 Miles]

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

Edited by Adam B on Thursday 31st December 00:40

I think I need \ the wheel barrow.. I tripled my holding in Amigo and it’s now one of my largest holdings... even as I type that out I know it’s not the sanest of ideas...

[500 Miles]

I Love Cake said:

RMS went up today, what sort of witchcraft is this?

So did DeepCludge - very weird..

[500 Miles]

CaptainSlow said:

Adam B said:

Seems counter-intuitive that stock is sold to a customer yet no one records revenue other than an interest rate in the SPV, and 1% to SYME, shame SYME don’t ever explain it in any detail (at least I couldn’t find it on their website).

Assuming the factory company might do a few of these a month once it gets set up and SPV each time will be a bit of a pain. Is that a requirement?

The client will record the revenue when the stock is sold to a real customer.

The financing SPV is not a real customer. Even if it were to be treated as a sale, it would be a contingent sale and youd need to book a provision for returns, as the spv would always return the stock the provision would offset the sale value anyway.

As I say I could be wrong.

I think you're right Cptn - Recognising revenue before a client receives the products is a good way to get yourself in trouble.

[500 Miles]

That's all folks...

The fun continues over here > https://www.pistonheads.com/gassing/topic.asp?h=0&...