Single Equity Loss

gadgetmind

EdGasket wrote: »

European roulette.

Greek bonds?

EdGasket

gadgetmind wrote: »

Greek bonds?

Doesn't that version come with 36 zeros and one number on which you only lose half?

racing_blue

EdGasket wrote: »

That is not quite correct. On European roulette you double your stake on 18/37 outcomes, lose it on 18/37 outcomes, and lose half your stake 1/37 times when zero comes up.

I stand corrected, and my wish to own a casino is diminished accordingly

gkerr4

ha ha - i think you've been a bit unlucky, but really, you've picked a poor choice for a first foray! - a nigerian company - as noted, they are FTSE250 but corporate governance is a different kettle of fish and companies like that can simply disappear overnight. There is a place for speculative stocks, but it is as a small % of a wider portfolio - not a first effort!

try not to let it put you off - funds are all very well, but if you have the inclination to look at individual stocks, then learn what research to do, do it and have another go. In order to win the game, you have to take part!

Glen_Clark

gkerr4 wrote: »

ha ha - i think you've been a bit unlucky, but really, you've picked a poor choice for a first foray!

Was that Helpful :mad:

xemeter

A Nigerian oil company in the midst of a oil price crisis is a poor choice!

racing_blue

Or a brilliant choice. That's the rub I guess?

xemeter

Actually, I'll change my statement from poor choice to extremely risky

racing_blue

I just stumbled across this while reading the papers with a Muller corner and a cup of tea.

Afren shares bounce as Seplat buyout talks extended

The_Telegraph wrote:

"Troubled FTSE-250 oil explorer Afren said Friday that the UK Takeover Panel had extended the deadline to February 13 for Nigeria's Seplat Petroleum Development to make an formal offer for the company.

Shares in the London-listed company, which holds assets in Nigeria, fluctuated wildly throughout the day. At one point the shares rose as much as 55 pc pending the deadline. The stock was up 32pc at 5.59p just before the close of trading on the London Stock Exchange.

The group said in December that it is in merger talks with rival Seplat... Afren was valued at £587m but shares slumped by 96pc at one point before today's recovery..."

masonic

The_Telegraph wrote: »

The group said in December that it is in merger talks with rival Seplat... Afren was valued at £587m but shares slumped by 96pc at one point before today's recovery..."

So they were trading at >150p, fell to just over 4p and have most recently traded at 5.3p. Very interesting use of the word 'recovery'!