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As weseem to progressing to ahigher interest rate environment in SQN's key markets I wonder if anyone has thoughts on the imapct of that. I'm not so daming of the risks of speciality finance having previously owned shares in so called blue chip banks. Higher interest markets produce greater risks but opportunities for greater margins.
Good move djoe. Really should have taken more heed of Jonmor and his cynical one liners...... He's the only one who called it years ago. I agree about LC but he needs to put his foot down and demand sane direction or this is a lost cause and the SP will continue to slide. Also in the red and pissed because I believe it's all due to poor management not a lack of profit potential.
Hi Breezy, yes I'm in the red today too for the first time in 2 and a half years. Could not have envisaged this decline. I have an issue with CB but not so much LC. They need someone above LC to do the heavyweight corporate stuff and let LC focus on the day to day operation stuff making things happen on the ground. LC can't do everything, it's not possible and CB is too long in the tooth to be taken seriously by the institutional investors - just my opinion of course. I'd take 6p to walk away from this and look at other opportunities elsewhere. Good luck my friend and wishing you well. idg69
Hi idg69 Yes still invested here and today i have gone into the red for the first time. The shareprice is a disgrace and Colin and Leon are to blame. My target to sell was 25p but now i would sell at 8p as this would recoup my BHR money. Bought some OPTI last week at 57p as they are a fast growing company and i think i will do well with them. They are well worth a look at.
2.79p at close - absolutely pitiful state of affairs. Should really be topping up and averaging down but I can't see any upside in the short term and can see this going back to 2 - 2.5p I'm sad to say. Are you still invested Breezy or are you out? I expected a pull back after the Tjate news last March but not a 4p drop.
Up or down in SP with a 10% Bid/Offer spread, it seems one must also pay out 1.5% of assets annually to the management plus an ongoing wapping 3.68%pa before they pay the divi pay the divi.
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Sold off UKOG shares: consider Petro Matad (MATD) fully funded for a 4 well drilling programme for 2018 with seismic data results due out shortly. Do own research before investing.
Wiseguy - They never learn AND they don't give a hoot for their shareholders. This company has so much potential in my view but their professionalism and PR is diabolical. I quite like LC, I think he's a stand up guy who knows what he's doing. CB does not instil confidence and has his fingers in too many pies.
Still not a word from management and the SP continues to slip..... They never learn or just don't give hoot for their shareholders