What’s your big gamble? (Volume 3)
Discussion
Might be a day to keep the powder dry and wait for 'bargains' - https://www.proactiveinvestors.co.uk/companies/new...
https://www.standard.co.uk/business/ftse-100-inter...
https://www.standard.co.uk/business/ftse-100-inter...
t continues it's slide ever downwards 
.Chris Type R said:
Hopefully. I've closed out of AMGO for now - too distracting watching it rise and then fall. It will almost certainly 'rocket' now.
I don't think it will... This week. I am going to do what I said I wouldn't do and watch it, perhaps looking for a re-entry point.I originally bought as I thought it would be a (bumpy) climb into the end of March on speculation about the court case. It actually popped and has fallen back much earlier than expected (albeit still well up from the lows).
I think we've seen it has the potential to do 20p on sentiment and I think it'll find a new base this week. Expecting that to be 10-12p as opposed to the 5-7p it found previously. Hopefully it then starts the move up as there is more speculation of positive news due.
However, I still think the end of March could be boom or bust and sentiment can change on leaks/news very quick. It's not one you can take your eyes off. Trying to time it and trade it with a full time job is hard!
dom9 said:
I don't think it will... This week. I am going to do what I said I wouldn't do and watch it, perhaps looking for a re-entry point.
I originally bought as I thought it would be a (bumpy) climb into the end of March on speculation about the court case. It actually popped and has fallen back much earlier than expected (albeit still well up from the lows).
I think we've seen it has the potential to do 20p on sentiment and I think it'll find a new base this week. Expecting that to be 10-12p as opposed to the 5-7p it found previously. Hopefully it then starts the move up as there is more speculation of positive news due.
However, I still think the end of March could be boom or bust and sentiment can change on leaks/news very quick. It's not one you can take your eyes off. Trying to time it and trade it with a full time job is hard!
I sold all mine at 17p.I originally bought as I thought it would be a (bumpy) climb into the end of March on speculation about the court case. It actually popped and has fallen back much earlier than expected (albeit still well up from the lows).
I think we've seen it has the potential to do 20p on sentiment and I think it'll find a new base this week. Expecting that to be 10-12p as opposed to the 5-7p it found previously. Hopefully it then starts the move up as there is more speculation of positive news due.
However, I still think the end of March could be boom or bust and sentiment can change on leaks/news very quick. It's not one you can take your eyes off. Trying to time it and trade it with a full time job is hard!
End of March is a long way away of ups and downs for anyone trading this for a quick profit and I genuinely think it'll be back below 10p based on no new news. Anyone who bought in below 10p still has a decent profit on the table and the temptation to cash in will be too strong for some people to resist IMO. I'm not confident of Amigo being here in 12 months time. I'm sure i read somewhere that previous customers would benefit more from Amigo being insolvent? Not sure I understand that unless I read it wrong. The recent ii's buying in heavily has just confused things even further
Chris Type R said:
CaptainHindsight said:
46pts is only ~0.7% drop, possibly a slow reporting day instead?
Hopefully. I've closed out of AMGO for now - too distracting watching it rise and then fall. It will almost certainly 'rocket' now.Have added some Hiscox (HSX) to my daughter's JISA as a LTH.
Put some into the other newsagent again. Menzies still hasn't got as near to pre covid level as alot of other recovery stocks have.
dom9 said:
Chris Type R said:
Hopefully. I've closed out of AMGO for now - too distracting watching it rise and then fall. It will almost certainly 'rocket' now.
I don't think it will... This week. I am going to do what I said I wouldn't do and watch it, perhaps looking for a re-entry point.500 Miles said:
FUM is up and having some morning glory.
Thanks to whoever tipped it ages ago.
> breadvan said:Thanks to whoever tipped it ages ago.
Got to share this with you, might be complete nonsense but got a tip today from a genuine, trusted fellow investor.
Futura Medical FUM.
Haven’t seen it here before and you may be aware already but they are bringing a gel to the market early next year to fix erectile disfuction. Potentially a game changer with a growing (aging) population and non-prescription availability. It’s not an area of expertise for me and I’ll do some research (yes I do actually do that) and report back. Feel free to share any knowledge (of the company biggrin).
fosunfan said:
SpunkyGlory said:
Wel, my gamble pot is now down 35%. Too many US stocks. Not enjoying the ride at the moment.
Im not down that much but I'm not far behind you.I'm just praying that some of my gambles limp along for long enough without giving up the ghost completely and get to the stage where I might be able to explain them away as LTHs.
Edited by bazza white on Thursday 4th March 09:48
Bloxxcreative said:
Glad I'm not the only one down 30+ pc on US gambles lol.
Anyone got any thoughts on ICON? Looks plenty like a gamble from what I've read.
It is a big gamble, one that I put a small amount into a month a go. Beware of small changes either way as HL cannot accommodate the rediculously low price and therefore in one second you have made a small fortune and then the next you are sat on 100% loss! All due to rounding!!Anyone got any thoughts on ICON? Looks plenty like a gamble from what I've read.
Anyway...bit of news, which is a month old now but does make you think.
[quote=LONDON -- February 2, 2021]
European High Growth Opportunities Securitization Fund (“EHGO”), an
institutional investment company based in Luxembourg, has expressed
significant concerns about arrangements made by the departed executive
directors of Iconic Labs plc (“Iconic”) with Greencastle Capital
(“Greencastle”), a company established by the former Executive Chairman of
Iconic, David Sefton.
John Quinlan, Liam Harrington and Sam Asante resigned from Iconic on 31
January 2021, with Iconic also announcing it had received notices of
termination of the management service agreements between the company and
Greencastle Capital in respect of the JOE Media and TheLondonEconomic
businesses.
Greencastle Capital then announced that the former Iconic directors had joined
them. Iconic had previously lent Greencastle Capital the £1m required to
purchase JOE Media, having received the money in financing from EHGO.
In a statement, EHGO said: “The timing and sequencing of the activity by these
three departed directors of Iconic raises serious questions, to say the least.
Especially as Greencastle is a vehicle established (and owned) by David
Sefton, the former Executive Chairman of Iconic. EHGO provided Iconic with £1m
in financing, which Iconic then lent to Greencastle to buy JOE Media. The
directors of Iconic then refused to honour our financing agreement, forcing us
to take legal action against Iconic. The directors then departed for
Greencastle, leaving Iconic holding the outstanding debt and pending
proceedings, with Greencastle holding JOE Media (the acquisition of which was
financed by Iconic) Greencastle then cancelled its service agreement with
Iconic (thereby depriving Iconic of any benefit from the JOE Media
acquisition).
“We are gravely concerned about these moves. Iconic had been protected in its
arrangements with Greencastle through a conversion right whereby it would have
the right to equity (shares) in Greencastle by converting the debt. However,
on December 7^th last year, Iconic announced that it had amended its agreement
with Greencastle in order to do away with the conversion right in respect of
Greencastle shares. Such an equity conversion right was central to the
business rationale of the Greencastle/JOE Media structure, as it meant that
Iconic could come in at any time and become a direct equity owner in
Greencastle. We note that the amendment of the agreement to do away with the
equity conversion right with Greencastle followed less than two business days
after EHGO’s presented revised settlement terms to the Iconic board detailing
terms on which it would be willing to settle its claim with Iconic. It would
seem that the only parties who benefited from the amendments to the
Greencastle agreement announced on December 7^th of last year were David
Sefton, and now that they have left, John Quinlan, Liam Harrington and Sam
Asante (who were members of the board of Iconic at the time they made the
decision to amend the Greencastle agreement).
“These moves therefore appear to us to have been pre-planned in order to give
the directors a lifeboat on which to jump ship to Greencastle and raise
significant concerns about the directors’ compliance with their fiduciary
duties as directors of Iconic.
“This follows their stewardship of Iconic in which they presided over huge
value destruction for shareholders and a collapse in the share price of the
company, leaving the company in an almost valueless state with significant
debts owed to its creditors. This whole episode raises major questions about
their conduct and the conduct of David Sefton, questions which we expect they
will now be required to answer, whether in court or by the appropriate
regulatory authorities.”
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