AJ Bell IPO- will you buy?

newlease

I did not think I would not receive all I asked for. I got around 3k on a 10k request. Made just over 800 selling. Annoyed they would not allow selling online, very cheeky of them to prevent most selling for a quick buck. At least I could sell by calling but it will cost me 50 due to roaming. If I knew they would limit requests by about a third I would have asked for triple. I expect it will quickly be back down to 160 by Christmas.

deutsch

up 6+% today. glad i haven't sold yet. not like there's anything else decent to buy if i had the cash.

bowlhead99

deutsch wrote: »

up 6+% today. glad i haven't sold yet.

And back down over 3% this morning. With a 160p IPO price, 240p represents 50% profit for the week, so not surprising there were plenty of sellers in the 240-250p range.

not like there's anything else decent to buy if i had the cash.

That sounds patently ridiculous. There are over 2500 companies listed in London, and tens of thousands across the broader world markets. Not to mention thousands of collective investment schemes where your money is pooled with others for sharing of risks across a portfolio.

So, the idea that there is nothing decent in the whole wide world that you could possibly want to own more than shares in this one UK-based recently-listed stockbroker/investment administration firm, is somewhat blinkered.

Basically, you hold shares which just benefited from a generous IPO misprice giving you a paper profit and now are likely trading at fair market price. To continue to hold them for more upside because there's nothing else worth investing in if you had the cash equivalent back in your hand (and would only want to use it to buy AJ Bell again at the current price), is perhaps laziness or a lack of imagination.

le_loup

Roman1986 wrote: »

I think ut s wery interesting)

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