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Unrealistic asking price?

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Diocletian_II wrote: »
    Oh and go look at my Galliford Try shares that I bought for £5.20 with £100k. I think even you may be a little startled by my returns. I do love it when I make £50k liquid assets in less than 6 months. But that's life outside property.

    Well done. Fortune favours the brave. Majority of us cannot afford to speculate to such an extent in a single company share.
  • System
    System Posts: 178,375 Community Admin
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    Thrugelmir wrote: »
    Well done. Fortune favours the brave. Majority of us cannot afford to speculate to such an extent in a single company share.

    The saying goes, 'buy low, sell high'. Anyone can do it, even with more modest sums. That is not possible with property right now.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
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    Thrugelmir wrote: »
    Well done. Fortune favours the brave. Majority of us cannot afford to speculate to such an extent in a single company share.

    That's because we our spending our money buying ourselves a home to live in rather then paying a landlords mortgage.
  • System
    System Posts: 178,375 Community Admin
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    RelievedSheff wrote: »
    That's because we our spending our money buying ourselves a home to live in rather then paying a landlords mortgage.

    I know. It must be awful being a wage slave and having your life invested in a single highly leveraged asset, when the cycle is turning and the market is floundering. Maybe next time you should consider buying a nice yacht for the enjoyment value.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    edited 18 October 2019 at 12:34PM
    Diocletian_II wrote: »
    Oh and go look at my Galliford Try shares that I bought for £5.20 with £100k. I think even you may be a little startled by my returns. I do love it when I make £50k liquid assets in less than 6 months. But that's life outside property.
    Like I said... short-termism,

    https://www.bbc.co.uk/news/business-47946075

    chart.jsproto_large.chart?ID_SEDOL=B3Y2J50&WIDTH=585&HEIGHT=269&TIME_SPAN=10Y&SUBSAMPLINGGRANULARITY=MONTH&XAXISCLOSECOL=0&LINE_WIDTH=1&MOUNTAIN_COLOR1=a5b9d8&MOUNTAIN_COLOR2=c1cfe5&MOUNTAIN_COLOR3=c1cfe5&MOUNTAIN_COLOR4=ffffff&ID_NOTATION_COLOR1=25456b
  • System
    System Posts: 178,375 Community Admin
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    AdrianC wrote: »
    word-image-7.png
    galliford%20chart.png

    You're not much good at this are you? The price has gone up from about £5.00 to £7.80 since April. That's more than a 50% gain. I'm glad you are not looking after my money.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • System
    System Posts: 178,375 Community Admin
    10,000 Posts Photogenic Name Dropper
    AdrianC wrote: »
    Like I said... short-termism,

    https://www.bbc.co.uk/news/business-47946075

    chart.jsproto_large.chart?ID_SEDOL=B3Y2J50&WIDTH=585&HEIGHT=269&TIME_SPAN=10Y&SUBSAMPLINGGRANULARITY=MONTH&XAXISCLOSECOL=0&LINE_WIDTH=1&MOUNTAIN_COLOR1=a5b9d8&MOUNTAIN_COLOR2=c1cfe5&MOUNTAIN_COLOR3=c1cfe5&MOUNTAIN_COLOR4=ffffff&ID_NOTATION_COLOR1=25456b

    Galliford Try is being bought out by Bovis Homes. My eventual profit from that deal will probably be nearer 100% or £100k. Which is not bad for a passive and very liquid investment over 1 year.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • caprikid1
    caprikid1 Posts: 2,494 Forumite
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    I'm struggling to understand your motivation for being on this forum.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
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    Like I said... Short-termism.

    Yes, you can be lucky when buying equities in a business that's dropped to about a third of the share value in a couple of years, and has just issued a profit warning that's seen another 20% drop overnight. Or you can be very unlucky.

    Putting £100k on it...? Do you play roulette, too, or are you more of a poker man?

    And you're still paying rent at the same time.
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Diocletian_II wrote: »
    I know. It must be awful being a wage slave and having your life invested in a single highly leveraged asset, when the cycle is turning and the market is floundering. Maybe next time you should consider buying a nice yacht for the enjoyment value.

    We prefer motor boats and we already have one thanks. :rotfl::rotfl::rotfl:

    20180720-070301.jpg
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