London Scottish Bank Share Discussion Threads

[tomandgerry] 10/6/2008 20:22

Davius

Funny you should mention VAN - I lost 16k on them! I am nicely up overall, however, thanks to EEL which is by a mile the brightest star in my portfolio. I will stick it out here I think, as the prospects seem to justify the risk and a firm like this should surely thrive in hard times, if that is what lie ahead.

[grlz] 10/6/2008 15:47

cyc - yep, I have sold what I brought earlier today - small profit on the punt - good luck to those still holding this 1

8 isn't much of a support base and historically the floor is 5, which I don't want risk hitting

[cyclingnut] 10/6/2008 14:52

on its knees again!

[cyclingnut] 10/6/2008 14:22

hope faith and charity and the greatest of these is profit.

[meanm] 10/6/2008 14:19

grlz - But something brought the price back!

[grlz] 10/6/2008 14:10

609 is a sell imho probably caused the drop as it was being shifted - volume was nothing otherwise.

[davius] 10/6/2008 13:46

If yours was the 609K buy then I can see why you were cacking yourself with the share price dropping...

[grlz] 10/6/2008 13:42

you have to pick your moments when it comes to LSB ;)

[cyclingnut] 10/6/2008 13:24

davius,

you have no idea mate!!

[meanm] 10/6/2008 13:24

That 609k share sale looks like a buying order to me. I wonder if this is what the dramatic fall in the share price was all about today, as even though it has appeared in the last few minutes the share price has held. It looks orchestrated. I fully expect an RNS over the next few days.

[davius] 10/6/2008 13:17

Sell now and take that £48.73 profit (after costs)!

[cyclingnut] 10/6/2008 13:16

mean,

good man....I didn't sell I topped up at 8.5p and it wasn't 15000 shares!!

[meanm] 10/6/2008 13:15

Delayed buying going on here Davius.

It was all a con anyway with the MM's gameplaying as usual.

Honestly, if people sell when that is happening they deserve to get burnt.

I hope a few did.

You don't sell, you don't lose money; as I told Cyc earlier to his dismay!

[cyclingnut] 10/6/2008 13:14

Bottoms up folks..................what a jammy purchase!

[cyclingnut] 10/6/2008 13:11

T20 what's that? LOL

[davius] 10/6/2008 12:46

Sudden jump then and a very tight spread, to 8.71-8.75p.

Now moved to 8.75-9p.

I thought perhaps there was an RNS as it moved so quickly but nothing showing up...

[davius] 10/6/2008 12:43

cycling, yours will be the 15K bought on a T20 then?

[meanm] 10/6/2008 12:42

I think LSB is now in T.O. territory once again.

It is only a matter of time, IMHO, that someone makes a move for them.

As I posted earlier, since 29/05 buys are well in excess of sells, but yet the share price has fallen through the floor. Something is going on here.

[cyclingnut] 10/6/2008 12:40

I just threw a few more quid on the roulette table...

[davius] 10/6/2008 12:37

A few buyers returning now. Buys ahead of sells overall today.

[davius] 10/6/2008 12:13

t&g, well we don't like to see our investments tumble in this way. But I think we all made some decent money from CFM. It's a question of finding a stock that has the potential to recover, and recover well.

Is LSB worth more than £11.25m? Well the suggestion is that Robinson Way is probably worth £50-£75m, so even if they had to raise another £11.25m dilluting us by half there's still the potential for a significant gain from these levels.

There is risk though, could this be another dodgy outfit hiding the facts? (e.g. TRX, VAN, CART?) I don't think so as the recently agreed credit facility demonstrates bank support, one hopes they are duly dilligent in these 'credit crunch' times.

If it keeps you awake at night I'd say reduce your holding. I did so with several stocks recently and feel much better with less exposure (despite taking some losses).

This is comparable to my investment in ACE. It dropped 40% in the weeks after purchase, I found I had to ignore the share price or I'd have sold the lot. The holding turned around and moved into a profit of 40% before I took out the profits (retaining the original investment). Though it's down a tad now I still have high hopes for the results there the end of the month. And I moved the profits in here...

3 months to see a significant turnaround here would be my best guess. Patience needed.

[city girl] 10/6/2008 12:04

Heading back to 5p? Time for a steady nerve or time to head for the hills?

[cyclingnut] 10/6/2008 11:46

I had loads of fun banter with gluesniffer over on the Jarvis thread months ago...!!

[tomandgerry] 10/6/2008 11:41

I am encouraged to see Davius and Gluefactory on this board. Both posted on CFM when it was down and good value and I made a nice few quid from staying in there, my first decent success. More of the same guys?

[davius] 10/6/2008 11:37

I think it's more akin to trying to catch a guillotine on the back of your neck ;)

I only average down in two scenarios.

The first is if there's a clear downward spike, a sudden drop perhaps shorter driven where it looks like recovering quickly.

The second is when the bottom has past and the shares are bouncing. If we hit say 7.5p and then recover to 8.5p I might be tempted as that is still lower than my initial entry point. But for now, no way.