This company seems to have plenty of corporate activity on the horizon and is valued at asset value of only 800K with the shares tightly held. I managed with difficulty to buy shares today but you can sell much easier which is an indicator.Looking forward to the next few weeks
In principle closing before the news is clever and the thing to do ,regardless of the outcome
This is because risk reward is best earlier , whereas risk reward on the news is dependent on the outcome .
When you look at the concept of tail risk you can easily apply it here .
At an entry to 3.5 or less the risk reward was great and the speculation drove this to 3 times that value . Realistically at 2 or 3 times you don't need to be more greedy . Especially when you have an unknown as we have seen with this planning permission . Getting in at 10p to get to 20p your risk return is much higher .
Always reason in RR terms when trading or even investing
I am looking at 20p+ for starters as planning opens the doors to a multi million £ development muliplying the current land value many fold times.IMHHO could even go to 100p if the right deal is secured with a worldwide company.Fingers crossed for the a.m
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.