What’s your big gamble? (Volume 4)

What’s your big gamble? (Volume 4)

Author
Discussion

neverlifted

3,598 posts

245 months

Sunday 19th March 2023
quotequote all
Bought Credit Suisse and First Republic on Friday after market close for no sensible reasons.

vulture1

12,218 posts

179 months

Sunday 19th March 2023
quotequote all
neverlifted said:
Bought Credit Suisse and First Republic on Friday after market close for no sensible reasons.
I mean you are in the right thread but jesus.

blueacid

437 posts

141 months

Monday 20th March 2023
quotequote all
vulture1 said:
I mean you are in the right thread but jesus.
Seconded - that sounds... a punchy move!

Chris Type R

8,026 posts

249 months

Monday 20th March 2023
quotequote all
neverlifted said:
Bought Credit Suisse and First Republic on Friday after market close for no sensible reasons.
Bond holders are more upset than shareholders -
https://www.proactiveinvestors.co.uk/companies/new...

Legend83

9,975 posts

222 months

Tuesday 21st March 2023
quotequote all
TRX update today - an AIM business that looks set to be a success, generate profit and cash in the future.

Of course the share price is stationary.

Chris Type R

8,026 posts

249 months

Tuesday 21st March 2023
quotequote all
Chunky fall on EQT - more dilution/fund raising.

Skyedriver

17,841 posts

282 months

Wednesday 22nd March 2023
quotequote all
Chris Type R said:
Chunky fall on EQT - more dilution/fund raising.
Dreadful isn't it, there's a bit of good news it creeps up, then bad new and drops by twice as much

I hate accepting a loss but I've a few like EQT CWR & SNG which are so well under I think
a) they'll ever recover to break even and
b) will probably sink without trace

Can't decide whether to bite the bullet or hold until the death just in case.

Of course I could buy more in the hope they return to where they were last week....

egor110

16,858 posts

203 months

Wednesday 22nd March 2023
quotequote all
Skyedriver said:
Chris Type R said:
Chunky fall on EQT - more dilution/fund raising.
Dreadful isn't it, there's a bit of good news it creeps up, then bad new and drops by twice as much

I hate accepting a loss but I've a few like EQT CWR & SNG which are so well under I think
a) they'll ever recover to break even and
b) will probably sink without trace

Can't decide whether to bite the bullet or hold until the death just in case.

Of course I could buy more in the hope they return to where they were last week....
Why do anything ?

If you sell now your going to loose , may as well hang onto them and see what happens.

Chris Type R

8,026 posts

249 months

Wednesday 22nd March 2023
quotequote all
egor110 said:
Skyedriver said:
Chris Type R said:
Chunky fall on EQT - more dilution/fund raising.
Dreadful isn't it, there's a bit of good news it creeps up, then bad new and drops by twice as much

I hate accepting a loss but I've a few like EQT CWR & SNG which are so well under I think
a) they'll ever recover to break even and
b) will probably sink without trace

Can't decide whether to bite the bullet or hold until the death just in case.

Of course I could buy more in the hope they return to where they were last week....
Why do anything ?

If you sell now your going to loose , may as well hang onto them and see what happens.
There's an argument for taking the loss now and trying to rebuild the capital with something lower risk - like say banking/finance wink

With dilution, you have to keep pumping capital in to keep some value.

In the past I've had a few that have dwindled into nothing - I've also had a couple where I wish I had held on to them for a little longer.

Jon39

12,825 posts

143 months

Wednesday 22nd March 2023
quotequote all

Chris Type R said:
There's an argument for taking the loss now and trying to rebuild the capital with something lower risk - like say banking/finance wink

With dilution, you have to keep pumping capital in to keep some value.

In the past I've had a few that have dwindled into nothing - I've also had a couple where I wish I had held on to them for a little longer.

I don't even know what EQT do, but the general rule is not to take much notice of the share price, but try to study future business prospects and capital resourses, inculding debt level. If its activities are too difficult to understand, run.

If a company is successful, the share price will eventually follow.


Skyedriver

17,841 posts

282 months

Wednesday 22nd March 2023
quotequote all
egor110 said:
Why do anything ?

If you sell now your going to loose , may as well hang onto them and see what happens.
Loose or loose more is the question and with the likes of EQT, we'll add in the likes of SNG, SYME etc all with high hopes maybe 12 month ago but now hardly worth a tube of Smarties..
There comes a point where you think it best to cut your losses and move on.

Jon39

12,825 posts

143 months

Wednesday 22nd March 2023
quotequote all

Out of interest, I had a look at EQT.

Saw they had an equity placing with instututions yesterday.
I never like that, because obviously most of the existing shareholders are left out of the transaction and so their holdings are duluted.
Their articles of association would obviously permit the issue of new additional shares. Never seems fair really, but is quick and simpler for the company than a rights issue.

egor110

16,858 posts

203 months

Wednesday 22nd March 2023
quotequote all
Chris Type R said:
egor110 said:
Skyedriver said:
Chris Type R said:
Chunky fall on EQT - more dilution/fund raising.
Dreadful isn't it, there's a bit of good news it creeps up, then bad new and drops by twice as much

I hate accepting a loss but I've a few like EQT CWR & SNG which are so well under I think
a) they'll ever recover to break even and
b) will probably sink without trace

Can't decide whether to bite the bullet or hold until the death just in case.

Of course I could buy more in the hope they return to where they were last week....
Why do anything ?

If you sell now your going to loose , may as well hang onto them and see what happens.
There's an argument for taking the loss now and trying to rebuild the capital with something lower risk - like say banking/finance wink

With dilution, you have to keep pumping capital in to keep some value.

In the past I've had a few that have dwindled into nothing - I've also had a couple where I wish I had held on to them for a little longer.
That's just gambling.

Your literally chasing your losees , you've lost on one share so your now going to try and invest new money double your profit and make up the original loss.

neverlifted

3,598 posts

245 months

Wednesday 22nd March 2023
quotequote all
blueacid said:
Seconded - that sounds... a punchy move!
Credit Suisse- so far up 24.5% ish....
First Republic- ahem, down 15% (there's no defence for the stupidity, but it was a small sum)

vulture1

12,218 posts

179 months

Wednesday 22nd March 2023
quotequote all
neverlifted said:
blueacid said:
Seconded - that sounds... a punchy move!
Credit Suisse- so far up 24.5% ish....
First Republic- ahem, down 15% (there's no defence for the stupidity, but it was a small sum)
Eh how they are rock bottom just now getting bought over for peanuts.

vulture1

12,218 posts

179 months

Wednesday 22nd March 2023
quotequote all
Also how are the nat gassers doing? Obviously doennbut quite happy at that as I didn't buy as much as I wanted. For me it's a hold until next winter and see what the price is then.

Chris Type R

8,026 posts

249 months

Wednesday 22nd March 2023
quotequote all
Some interesting developments at ZNWD (Zinnwald) after close of business today, culminating in a primary bid offer at 25% premium to today's stock price.

https://www.londonstockexchange.com/stock/ZNWD/zin...

I think that's the first time I've seen a PB offer higher than the prevailing share price.

Edited by Chris Type R on Wednesday 22 March 19:30


Edited by Chris Type R on Thursday 23 March 07:50

General Price

5,249 posts

183 months

Wednesday 22nd March 2023
quotequote all
Chris Type R said:
Some interesting developments at ZNWD (Zinnwald) after close of business today, culminating in a primary bid off at 25% premium to today's stock price.

https://www.londonstockexchange.com/stock/ZNWD/zin...

I think that's the first time I've seen a PB offer higher than the prevailing share price.

Edited by Chris Type R on Wednesday 22 March 19:30
I clicked on the email and thought,wtf.biggrin

Are they expecting it to open much higher tomorrow?



Adam.

27,220 posts

254 months

Wednesday 22nd March 2023
quotequote all
Legend83 said:
TRX update today - an AIM business that looks set to be a success, generate profit and cash in the future.

Of course the share price is stationary.
And down a chunk today!

A great RNS - sales up 20%, hit a positive EBITDA, new products to launch, extended credit facility and no intention to raise equity, sensible share consolidation proposal to stop SP fluctuations due to piddly trades.

Sold all my ZIM today, going to buy back ex div with 90% of it (take the cap gain not the div) and try to buy 3k of TRX tomorrow

Edited by Adam. on Wednesday 22 March 21:47

Skyedriver

17,841 posts

282 months

Wednesday 22nd March 2023
quotequote all
General Price said:
Chris Type R said:
Some interesting developments at ZNWD (Zinnwald) after close of business today, culminating in a primary bid off at 25% premium to today's stock price.

https://www.londonstockexchange.com/stock/ZNWD/zin...

I think that's the first time I've seen a PB offer higher than the prevailing share price.

Edited by Chris Type R on Wednesday 22 March 19:30
I clicked on the email and thought,wtf.biggrin

Are they expecting it to open much higher tomorrow?
That would be nice, been in ZNWD for ages as one of my future energy green holdings