Suggestions for a speculative punt?

Old_Lifer

I wouldn't think it would make any  difference either way.    I would imagine hardly any investment professionals, large investors and day traders read MSE Forums.

Thrugelmir

Old_Lifer said:

I wouldn't think it would make any  difference either way.    I would imagine hardly any investment professionals, large investors and day traders read MSE Forums.

When companies are capitalised at under £35 million. Won't be of interest to the vast majority of institutional and large investors. Not going to register on their research radars. There'll be using screening software across bought in data to identify opportunties, not word of mouth.  Illiquid stocks aren't good places to day trade either. Then there's buy/sell spread to consider. I always view such shares as long term investments. As a £100/150 million market capitalisation threshold is some time away.  The point at which insitutional funds start to consider such companies or fall within ETF remits etc. 

Such companies I only invest in on a long basis. Buy and hold.  Wait for the payback in terms of years not months. Ride out the short term price movements.  

Dandytf

bowlhead99 said:

msallen said:
I've had to read this a few times to make sure it does actually say what I think it says (I should have just scrolled down as bowlhead had already deciphered it to mean the same). Are you f***in' crazy?

Looking on the bright side, although you lose huge percentages of money to fees this way, it isn't a large absolute amount of money. The investor would have had a harsher lesson if they had put a meaningful amount of money (hundreds or thousands) into a 'punt' company and it had gone bust or crashed in value. This way, the £24 of transaction fees incurred to buy and sell a meaningless amount of shares is just something that would have been frittered away on some other form of entertainment.

Thanks for some minor positive reply, appreciated.
Setting 11.95 trade costs apart, this makes for some satisfaction-Sell:66.00p Buy:68.00p  1.50p (2.26%)
Lesson learned on the Costs. Though not to be repeated.

Thanks Msers

Thrugelmir

Dandytf said:

bowlhead99 said:

msallen said:
I've had to read this a few times to make sure it does actually say what I think it says (I should have just scrolled down as bowlhead had already deciphered it to mean the same). Are you f***in' crazy?

Looking on the bright side, although you lose huge percentages of money to fees this way, it isn't a large absolute amount of money. The investor would have had a harsher lesson if they had put a meaningful amount of money (hundreds or thousands) into a 'punt' company and it had gone bust or crashed in value. This way, the £24 of transaction fees incurred to buy and sell a meaningless amount of shares is just something that would have been frittered away on some other form of entertainment.

Thanks for some minor positive reply, appreciated.
Setting 11.95 trade costs apart, this makes for some satisfaction-Sell:66.00p Buy:68.00p  1.50p (2.26%)
Lesson learned on the Costs. Though not to be repeated.

Thanks Msers

Open a GIA account with X-O. Trades then would just be £5.95p. No account fees. 

Username999

adindas said:

Without the catalyst, the cooperation with tesla, this might still repeat the success case of Quantumscape (has turned up to become 7X) which merged with Kensington Capital Acquisition (KCAC) (see the chart above).

Quantumscape taken a beating, down 40% today.
Down below $50 from the high of $132.

Thrugelmir

Dandytf said:

Thrugelmir said:

Probably a takeover target in the medium term rather than a star performer. Tekmar Group PLC (TGP) @ 60p. 

Niche business that supplies services to the global offshore energy industry. 

Hope you don't mind, thought Id'e have a bid myself.

15.00
 STOCK CODE: TGP Tekmar Group Plc

Ord GBP0.01

Limit Order

Venue of Execution: London Stock Exchange AIM (AIM

66.8

 10.02

 Commission

These shares / units have been dealt using the following account:

 11.95

 HL Fund & Share Account Settlement Date: 06/01/2021

 21.97

Think I'll prefer paying Fees separately in future Bids.
That 11.95 is included in today's portfolio view, which means I'm -54% though the stock is slightly up.
Thanks for the possible takeover info.

Don't blame me if the company tanks! 

 

msallen

Thrugelmir said:

Dandytf said:

bowlhead99 said:

msallen said:
I've had to read this a few times to make sure it does actually say what I think it says (I should have just scrolled down as bowlhead had already deciphered it to mean the same). Are you f***in' crazy?

Looking on the bright side, although you lose huge percentages of money to fees this way, it isn't a large absolute amount of money. The investor would have had a harsher lesson if they had put a meaningful amount of money (hundreds or thousands) into a 'punt' company and it had gone bust or crashed in value. This way, the £24 of transaction fees incurred to buy and sell a meaningless amount of shares is just something that would have been frittered away on some other form of entertainment.

Thanks for some minor positive reply, appreciated.
Setting 11.95 trade costs apart, this makes for some satisfaction-Sell:66.00p Buy:68.00p  1.50p (2.26%)
Lesson learned on the Costs. Though not to be repeated.

Thanks Msers

Open a GIA account with X-O. Trades then would just be £5.95p. No account fees. 

I'm an x-o user myself, but even at half the cost of HL, the charges there are way too high for this sort of investment. This is where free platforms like Trading212 have a place - just don't get tempted into anything more exotic like CFDs.

Moe_The_Bartender

Username999 said:

adindas said:

Without the catalyst, the cooperation with tesla, this might still repeat the success case of Quantumscape (has turned up to become 7X) which merged with Kensington Capital Acquisition (KCAC) (see the chart above).

Quantumscape taken a beating, down 40% today.
Down below $50 from the high of $132.

This may explain.

https://seekingalpha.com/article/4397130-quantumscapes-solid-state-batteries-significant-technical-hurdles-to-overcome

bowlhead99

Dandytf said:

Setting 11.95 trade costs apart, this makes for some satisfaction-Sell:66.00p Buy:68.00p  1.50p (2.26%)
Lesson learned on the Costs. Though not to be repeated.

You paid 66.8p per share. You could now sell for 66.0p per share, so have lost over 1% of your money.

In your signature, you mention using Charter Savings to make 0.65% per year. Here, you have lost over 1% in only a day, despite the company generally rising in value a little. And it costs a further 0.45% a year as a fee to maintain the account. And that loss is only if you 'set trade costs apart' and pretend they don't exist, which of course you can't do unless you're deluded.

The reality is you have paid £21.97 including fees to buy 15 shares which are worth only £9.90 in total. If you wanted to sell them, you would need to pay a further £11.95 of trade costs, which is an amount more than 20% greater than the amount that the shares could be sold for, so you would end up with literally nothing and still owe £2.05 to the broker for the rest of the fee.

Effectively you have turned £21.97 into assets that, if sold, would give you £nothing back and, on paper, leave you owing £2.05 to the service provider to thank him for his assistance in losing all your money. Only if the selling price of the shares were to rise by a further 21% from here would you be able to walk away with two or three pence left over from your original £21.97 investment. Ouch. 

You can say that it has given you 'some satisfaction', but the reality is that you have spent over £20 on a lesson in why you should not throw money at 'get rich quick' ideas without thinking them through. Anyone here could have given you that lesson for free if you had just asked the outcome before doing it. There should be no pride in your achievements.

However, pop psychologists might say that the lessons we learn from are the ones that cost us the most, so perhaps it was a better education to pay the £21.97 on your debit card and go through the process  to find out how it worked, than to just ask the question on here while flushing a twenty pound note down the toilet. The latter would have been a stupid thing to do while still on a debt management plan, but would have been cheaper than what you have done instead for your 'satisfaction'.

csgohan4

Moe_The_Bartender said:

Username999 said:

adindas said:

Without the catalyst, the cooperation with tesla, this might still repeat the success case of Quantumscape (has turned up to become 7X) which merged with Kensington Capital Acquisition (KCAC) (see the chart above).

Quantumscape taken a beating, down 40% today.
Down below $50 from the high of $132.

This may explain.

https://seekingalpha.com/article/4397130-quantumscapes-solid-state-batteries-significant-technical-hurdles-to-overcome

Goes to show there is great profit and also great risk with individual shares. No matter how much research you do, it can tank mid surge and you can lose money.

I see the Airlines/hospitality are tanking again due to the new lockdown rules. Possible time to invest if it suits your risk appetite