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  1. #11

    TPAFKAk2p2

    mudskipper is a fount of knowledge

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    Got a few grand I've been playing with in my ISA - without really having a clue what I'm doing I've made a few quid.

    One of my dubious tactics is to look at shares that have dropped a lot in anticipation that what goes down must surely come up.

    Today's 'biggest loser' is Johnson Press (JPR) which is a whopping -70%.

    The shares are showing as ex-rights - what does that mean? (I have googled, but none the wiser...)

    Worth a punt?

  2. #12

    Contractor 'til I die

    doodab 's job has never been outsourced

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    Quote Originally Posted by mudskipper View Post
    The shares are showing as ex-rights - what does that mean? (I have googled, but none the wiser...)
    It means the shares had some sort of right attached to them that made them worth more (usually the right to buy more shares at a discount if they were issuing more shares). The 70% drop is probably due to them being worth less now those rights have expired, though they might have overshot a bit as they were sold.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

  3. #13

    TPAFKAk2p2

    mudskipper is a fount of knowledge

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    Quote Originally Posted by doodab View Post
    It means the shares had some sort of right attached to them that made them worth more (usually the right to buy more shares at a discount if they were issuing more shares). The 70% drop is probably due to them being worth less now those rights have expired, though they might have overshot a bit as they were sold.
    What's that mean?

  4. #14

    Contractor 'til I die

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    Quote Originally Posted by mudskipper View Post
    What's that mean?
    It means that the volume of people wanting to sell up to realise their profits from buying into the rights issue (might have) pushed the price a bit lower than it the shares are actually worth.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

  5. #15

    TykeLike

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    Quote Originally Posted by mudskipper View Post
    Got a few grand I've been playing with in my ISA - without really having a clue what I'm doing I've made a few quid.

    One of my dubious tactics is to look at shares that have dropped a lot in anticipation that what goes down must surely come up.

    Today's 'biggest loser' is Johnson Press (JPR) which is a whopping -70%.

    The shares are showing as ex-rights - what does that mean? (I have googled, but none the wiser...)

    Worth a punt?
    All share holders had the "right" to but new shares at a discount rate of 3p a share, once this was vested the actual share price would have adjusted to take account of the new shares being created at the lower price
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

  6. #16

    Super poster

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    Quote Originally Posted by mudskipper View Post
    Got a few grand I've been playing with in my ISA - without really having a clue what I'm doing I've made a few quid.

    One of my dubious tactics is to look at shares that have dropped a lot in anticipation that what goes down must surely come up.

    Today's 'biggest loser' is Johnson Press (JPR) which is a whopping -70%.

    The shares are showing as ex-rights - what does that mean? (I have googled, but none the wiser...)

    Worth a punt?
    Whatalltherestsaid....

    You can indeed make a profit on a falling market but it's scary.

    Best idiot guide I read was Millard on Stocks and Shares Simplified Millard Onŕ: Amazon.co.uk: Brian J. Millard: Books Still available and less than 15 quid, the cost of one trade Most of the examples seem contrived with hindsight but they are pretty useful in helping to understand the mechanics - it's very good in teaching you moving averages and general buy/sell signals.

  7. #17

    Contractor Among Contractors

    Jeebo72 is too good to be a permie

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    Way of the turtle book:
    Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: Amazon.co.uk: Curtis Faith: Books

    Brilliant book. Reading it I learned much about my previous and at the time current mistakes.

  8. #18

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    Quote Originally Posted by Jeebo72 View Post
    Way of the turtle book:
    Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: Amazon.co.uk: Curtis Faith: Books

    Brilliant book. Reading it I learned much about my previous and at the time current mistakes.
    Are you now a legendary trader though?

  9. #19

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    pjclarke has more data than eek


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    Quote Originally Posted by lukemg View Post
    Got loads of legacy active-managed funds, which I am not adding to (high mgmt costs = not a good idea)
    Got a HYP with about 15 obvious contenders in a SIPP.
    Most current and future money will be dripped into lowest cost US general and UK income trackers(vanguard do an income one I am looking at starting with a chun on the next market dip).
    With occasional dips into emerging market and other Investment Trusts - very different from OEIC and individual shares.
    This should be the same for most on here but if you want some excitement, suggest you reserve 10% for dabbling in small oil shares etc
    Gets quite addictive seeing those dividends coming in - got FCPT too which pays every month.
    This IS my plan B + warchest, more I find out, more interested I get - start with fool.co.uk.
    I'm guessing the HYP SIPP is your best performer?

    I've become a firm believer in High-Yield, Long Term Buy and Hold, as advocated by stephen Bland on Motley Fool (TMFPYAD). sit back and watch compound interest work its magic. After a few 'tweaks' that went pear-shaped, I am now strictly no-tinkering. Buy quality high-yielding blue-chips and hang on to them. According to Google Finance this approach has given me a 31% gain over the last 12 mths on my SIPP. Now about 12 of that 31% is money I've dropped in, but the rest is dividends and capital growth, far more than I could have got trying to time the market, it also suits my passive (lazy) investment style.

    That said, one advantage of my great age is that as a SAGA customer I got free shares in the recent IPO :-)
    The Pygmy Shrew of Wall St.

  10. #20

    TykeLike

    SimonMac - scorchio!

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    I am still managing my SIPP with shares rather than just sticking them in funds, overall value is up 24.58% with a yield of 4.62% which I am more than happy with, am slowly bringing down my stake in LLOY from near 30% to 24% with a long term plan of getting it down to about 15% with the next sell off when the shares reach 85p, or after the first dividend payment is resumed which ever is first.

    Big winners:

    LLOY + 76%
    RMG + 57%
    AV + 54% (+62% with dividends)
    FGP + 24%

    Only losses are

    TSCO - 20% (-13% with dividends)
    BBY - 14% (-6% with dividends)

    Looking at SGRO, MARS and DLAR in my next round of purchases
    “Live a good life. If there are gods and they are just, then they will not care how devout you have been, but will welcome you based on the virtues you have lived by. If there are gods, but unjust, then you should not want to worship them. If there are no gods, then you will be gone, but will have lived a noble life that will live on in the memories of your loved ones.”

    ― Marcus Aurelius

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