What’s your big gamble? (Volume 2)
Discussion
Today is an absolute disaster so far. I'm trying not to look again until after the ODX presentation this afternoon. Still keep telling myself that it's about the next quarter with ODX and everything else I'm in is a longer game so should be fine by this time next year but that doesn't make 10% down across my portfolio today feel any better!
Just noticed that a company has come along with a takeover offer for KAZ minerals at £6.40/share.
Not sure if it'll go through but it's quite disappointing when you hold something good in your portfolio and then another organisation picks it up for a relative bargain. This happened to me with Sirius Minerals but I took a loss on that.
KAZ is one of my bigger holdings and was hoping to hold for £10+ but looks like i'll have to be taking profit if the takeover is agreed.
Not sure if it'll go through but it's quite disappointing when you hold something good in your portfolio and then another organisation picks it up for a relative bargain. This happened to me with Sirius Minerals but I took a loss on that.
KAZ is one of my bigger holdings and was hoping to hold for £10+ but looks like i'll have to be taking profit if the takeover is agreed.
DRFC1879 said:
Today is an absolute disaster so far. I'm trying not to look again until after the ODX presentation this afternoon. Still keep telling myself that it's about the next quarter with ODX and everything else I'm in is a longer game so should be fine by this time next year but that doesn't make 10% down across my portfolio today feel any better!
same here but confident in odx still whatever the next 24 hours bring. basically as far as i can see they will sell every test they make and to me are a safe bet cw say avacta which could be huge but they still dont have a test yet so its a gamblebut yes im still not looking
Agreed, Pete.
It seems to me that a lot of people have "invested" due to noise on twitter and the like without really having much of a clue how business works. Today's RNS was always going to be a standard half-year trading update and as we know, the six months to September were pretty much core business hit by covid while investment and R&D went on for the stuff that started happening in October and as per the last investor presentation will be firing on all cylinders by the end of the quarter i.e. close of the calendar year.
It seems that a lot of shareholders soiled themselves this morning because the retrospective review of six month trading didn't include bullish forward-looking numbers. But it wouldn't That's what this afternoon's presentation and Q&A is for. No panic here.
It seems to me that a lot of people have "invested" due to noise on twitter and the like without really having much of a clue how business works. Today's RNS was always going to be a standard half-year trading update and as we know, the six months to September were pretty much core business hit by covid while investment and R&D went on for the stuff that started happening in October and as per the last investor presentation will be firing on all cylinders by the end of the quarter i.e. close of the calendar year.
It seems that a lot of shareholders soiled themselves this morning because the retrospective review of six month trading didn't include bullish forward-looking numbers. But it wouldn't That's what this afternoon's presentation and Q&A is for. No panic here.
22s said:
Aiminghigh123 said:
Crap day in main portfolio but managed to bank £600 shorting RR today.
Placed a small short to hold over night and see what happens with the whole rights and possible SP opening at 75p or something.
What happened with this in the end?Placed a small short to hold over night and see what happens with the whole rights and possible SP opening at 75p or something.
Absolute bloodbath for everything today!
Timja said:
RR rights issue - not seen anything from 212, might have missed this but what if anything do I need to be doing?!
You should receive a message today with the options. As I understand it, you need to either to sell your rights prior to 5th November, or the closing date for taking up right or not selling is 11th November. In HL I can now see my original shares and new shares, but I'm still not fully clear.
I have £2k worth of shares that were bought ages ago at £3.30, so 590 shares. They are now worth £565.
I have a rights issue of 1,900 shares, which I can buy for 32p each so c. £600. And as I understand it, that will ensure I have the same % of the company. But that option will depend on how confident I am in the long term survival of the company.
Am I right in thinking if the new share price is above 32p prior to the cut off date for taking up the rights issue, I am better off taking it up?
They were only bought as a cheap long term gamble so I'm pretty sure I'll take it up anyway.
DRFC1879 said:
Agreed, Pete.
It seems to me that a lot of people have "invested" due to noise on twitter and the like without really having much of a clue how business works. Today's RNS was always going to be a standard half-year trading update and as we know, the six months to September were pretty much core business hit by covid while investment and R&D went on for the stuff that started happening in October and as per the last investor presentation will be firing on all cylinders by the end of the quarter i.e. close of the calendar year.
It seems that a lot of shareholders soiled themselves this morning because the retrospective review of six month trading didn't include bullish forward-looking numbers. But it wouldn't That's what this afternoon's presentation and Q&A is for. No panic here.
omega have never been bullish so not sure what people were expecting! i thought it read quite well bar the elisa tests but the great thing is as they have said if one thing fails the capacity is soaked up producing something else.It seems to me that a lot of people have "invested" due to noise on twitter and the like without really having much of a clue how business works. Today's RNS was always going to be a standard half-year trading update and as we know, the six months to September were pretty much core business hit by covid while investment and R&D went on for the stuff that started happening in October and as per the last investor presentation will be firing on all cylinders by the end of the quarter i.e. close of the calendar year.
It seems that a lot of shareholders soiled themselves this morning because the retrospective review of six month trading didn't include bullish forward-looking numbers. But it wouldn't That's what this afternoon's presentation and Q&A is for. No panic here.
not convinced colin will be any better tonight he doesnt have a great track record but what does normally happen a few days after the presentation is the sp shoots up on some news so fingers crossed. wish i had spare money to put in
edited to say am amazed how much its gone down there really is no reason for it
Edited by petemurphy on Wednesday 28th October 13:27
I Love Cake said:
Anyone else excited for the coming GGP news?
Looking forward to tonight, and GGP's RNS tomorrow morning (hopefully some Scallywag news!)It's also reassuring that there hasn't been the typical "pre-news" spike today - hopefully this suggest that the traders haven't bothered as much this time, and there shouldn't be a profit-taking sell-off on tomorrow. Today's actually looking like a great opportunity for a top-up. My problem is that I've a lovely round number of shares, and my OCD is preventing me from upsetting that!lol
S7GVC said:
I Love Cake said:
Anyone else excited for the coming GGP news?
Looking forward to tonight, and GGP's RNS tomorrow morning (hopefully some Scallywag news!)It's also reassuring that there hasn't been the typical "pre-news" spike today - hopefully this suggest that the traders haven't bothered as much this time, and there shouldn't be a profit-taking sell-off on tomorrow. Today's actually looking like a great opportunity for a top-up. My problem is that I've a lovely round number of shares, and my OCD is preventing me from upsetting that!lol
Meeten-5dulx said:
Skyedriver said:
Feck.
in general, or for anything in particular?LTH are mainly insurance companies and house builders. Even everyones favourite, Persimmon has dropped dramatically today.
Short term hopers are all small cap miners (GGP, EUA & BZT), cheap fashion BOO and CV19 related (SNG & AVCT), you'd have thought these would have been stable but have been dragged down with the rest.
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