He can pull it back, doesnt require a miracle just actual performance from his investments. That is what its all about, he could be an angel and still make a mistake (over)investing in even a global company that makes epic mistakes. Plenty times we've seen giants fall, the banks, BP or tons more I guess He generally got it right, nobody was an admirer for his looks or whatever just the basic he makes money long term.
This trip is short term, he mixed illiquid stocks with an open ended fund when he should have stuck to a trust,
WPCT is still open and looks bad but can redeem anyone who wants to run for the hills which of course is natural instinct. Let them take the loss personally, I dont see this as the bad news that would really worry me half as much as seriously bad judgements possible on the high risk stocks he deals with like bio research firms. If you already trusted him on that and tbh who really knows how such things go then now is the wrong place to worry and wrong reasons.
https://www.investopedia.com/terms/o/oeic.asp
https://www.money.co.uk/guides/what-is-an-investment-trust.htm
He closed the open fund, big opps bad face value and his brand is damaged. Classic time to at least look at the possible NAV to buy price. The fairy tale would be the entire fund being scooped up and absorbed for its underlying value, I believe thats possible though i doubt it happens as too much value is his own personal judgement
JII is another trust I followed for decades, it has been very unpopular and sold off but look at that performance long term. I think investment trusts are where bargains can naturally pop up
SXX hit
20p I think and sold hard back to near 15p. Thats its natural range till market is more comfortable on debt, the new rights shares and so on. I guess it could even dip lower on big doubts, excess liquidity but its very long term and they did the right thing securing funding for that, similarly they need buyers and the market demand for its product so thats the news I want to read about
I'm glad it came back from 20p because I hadnt bought enough and its the final value I want not the trade now.
The list of major buyers for this is like royalty, doesnt mean it has to be good but its great that the prospect is in the UK and can be a major exporter. Shame we couldnt do something major with fracking similarly instead we import and lose the business
I personally love that
CEY just prior to ex-div makes its low, its done that before. Not a big div but I like it as a reasonable risk so long as people rate gold as a prospect and central banks are net buyers for a decade so thats a yes imo. Still very high risk anyhow, imo it gets 400p one day inclusive of divs but either way as a trade I think its good above 90p and I hope I can do that right target 120 I guess
