Shares to watch

Wattie

Member
Messages
8,640
So if I want to follow the price of physical gold, where can I see it if not the spot price? Does it follow the spot price, but just trade higher?
Or is it more unpredictable, ie when you sell it do you more or less auction it?
Well, 1st you need to buy it.
Then you tell your dealer spot is $1600oz......I’ll sell mine for $1700oz+, whatever.
Then you wait for the avalanche of offers.
The spot price is a ‘manipulated’ price bankers determine. The physical price is what those who actually have it are prepared to sell it for.
 

Wattie

Member
Messages
8,640
Jesus H, I just looked! 75p! I nearly bought in 2 week ago at 130 and could have doubled out at 260 within days... This is one serious tanking... Cause??
Ponzi.....75p is still too much.
Honestly wtf are u lot on, greater fools bought at 130,260.
They r fecked

Pm. Me I’ll give u share tips.
At the moment, my tip is don’t buy anything.
 

Delmonte

Member
Messages
878
Well, 1st you need to buy it.
Then you tell your dealer spot is $1600oz......I’ll sell mine for $1700oz+, whatever.
Then you wait for the avalanche of offers.
The spot price is a ‘manipulated’ price bankers determine. The physical price is what those who actually have it are prepared to sell it for.

So, for a simpleton like me: there is no index other than spot price. The spot price is always under, and by an increasing %age due to ongoing real life shortages, and spot price manipulation.

Would that be correct?
 

Delmonte

Member
Messages
878
Ponzi.....75p is still too much.
Honestly wtf are u lot on, greater fools bought at 130,260.
They r fecked

Pm. Me I’ll give u share tips.
At the moment, my tip is don’t buy anything.

Cheers Wattster. I’ll take you up on that. Just not right now, seen as you say buy nowt
 

Wattie

Member
Messages
8,640
So, for a simpleton like me: there is no index other than spot price. The spot price is always under, and by an increasing %age due to ongoing real life shortages, and spot price manipulation.

Would that be correct?
Look at goldpice.org.....for the market price.
However if you wanna take delivery, don’t expect to pay anywhere near that......there is no gold available at that price. Therefore pay the cheapest price you can find for physical and make sure u get it. Whatever u pay now, in 6 months it will seem like a bargain.
 

dgmx5

Member
Messages
1,142
Jesus H, I just looked! 75p! I nearly bought in 2 week ago at 130 and could have doubled out at 260 within days... This is one serious tanking... Cause??

Rights issue. 4 shares at 30p for every 1 share owned. AML is a brand and Lawrence Stroll is a man who manages brands. He leads the consortium that is buying in. Very much a bear move and I believe sufficient liquidity to ride this out and then placed well for the future.
 

Wattie

Member
Messages
8,640
Rights issue. 4 shares at 30p for every 1 share owned. AML is a brand and Lawrence Stroll is a man who manages brands. He leads the consortium that is buying in. Very much a bear move and I believe sufficient liquidity to ride this out and then placed well for the future.
Mmmmmn
 

bigbob

Member
Messages
8,952
Jesus H, I just looked! 75p! I nearly bought in 2 week ago at 130 and could have doubled out at 260 within days... This is one serious tanking... Cause??

Read how a rights issue works - they are not used much these days and this is a special case version but you need to adjust the prices to allow for this. The company has had a massively discounted (30p) 4 for 1 issue. so if you had a share bought at, say, the 130p you mention then you could buy another 4 at 30p so your average in price for 5 shares would be 50p. Make more sense?

I'm not passing comment on the merits of buying into AML but the share price is nowhere near as bad as you think once you make the adjustments.
 

Doctor Houx

Member
Messages
791
Exactly. I’m an existing AML shareholder and am taking up 100% of my 4 for 1 allocation. The brand will always have some value, and now that it has tanked so far, its market cap makes it a prime target for a hostile bid, possibly by a major manufacturer who wants to add a prestige brand, just as BMW and VW did with RR and Bentley. At 30p it’s worth a punt IMHO
 

rockits

Member
Messages
9,167
Jesus H, I just looked! 75p! I nearly bought in 2 week ago at 130 and could have doubled out at 260 within days... This is one serious tanking... Cause??

I couldn't bring myself to morally short it even though it was an obvious short at anything over £2. A £2.50 short down to 75p.....in a few days.....nice. I have always had spread bets long and just can't bring myself to short anything.
 

bigbob

Member
Messages
8,952
I couldn't bring myself to morally short it even though it was an obvious short at anything over £2. A £2.50 short down to 75p.....in a few days.....nice. I have always had spread bets long and just can't bring myself to short anything.

Be careful as you are not understanding it. A £2 short pre-rights issue would have lost you money if you had not closed it off by now as the rights adjusted price is below the current market price.
 

Wattie

Member
Messages
8,640
Read how a rights issue works - they are not used much these days and this is a special case version but you need to adjust the prices to allow for this. The company has had a massively discounted (30p) 4 for 1 issue. so if you had a share bought at, say, the 130p you mention then you could buy another 4 at 30p so your average in price for 5 shares would be 50p. Make more sense?

I'm not passing comment on the merits of buying into AML but the share price is nowhere near as bad as you think once you make the adjustments.
Nope it’s terrible given the circumstances.
 

bigbob

Member
Messages
8,952
Nope it’s terrible given the circumstances.

I'm making the comment about the rights adjusted price. It's a mechanistic comment not a buy/sell recommendation. If you had bought shares at less than c250p with rights entitlement and then took up your rights then you are still in the money at the current market price. It's a fact, not an opinion. Whether you still want to hold them is your decision.
 

Wattie

Member
Messages
8,640
I'm making the comment about the rights adjusted price. It's a mechanistic comment not a buy/sell recommendation. If you had bought shares at less than c250p with rights entitlement and then took up your rights then you are still in the money at the current market price. It's a fact, not an opinion. Whether you still want to hold them is your decision.
Agreed, very poor outlook though: