Better check my reading though, only had quick butchers at the RNS's
Sand - Careful on RHM, RNS out re PUCF results which from my view were not good, turnover and profits down to a 3rd of last years numbers IF I've read it correctly. Also I've been doing some reading and they cant sell all there shares, they are limited by tranches over a time period and they cant do the last tranche from memory until 2016 sometime so not quite as good as I thought initially
next few weeks / months should see the sale of the PUCF shares and new investing strategy
thinking about a top up on RHM, sp has slipped
LSEers are claiming he's at a loss and averaging down ... I think not... he was up to a 13% holding July last year around 400p mark, and started buying heavily again in to the recent drop. He's buying cheap cash generation... thats the idea of the absolute return fund.... finding ways to make a return regardless of market conditions, big dividend payer for cheap seems a good strategy!
Well please tell him to buy more at a higher price !!
I hold the odey absolute return fund, the one thats gobbling up all these PLUS shares... its been a really cracking fund for me and I like Odey because Crispin Odey actually has his own personal fortune invested in his own funds... so he's investing his own hard earned £££, not just that of retail investors
i think odey is stil accumulating
Come on now smash the door down
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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