SP3 5.26% 2.0¢ spectur limited

Ann: Investor Briefing - August 2023, page-15

  1. 4,650 Posts.
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    Sold my full holding to participate in the SPP so current average is 4c, pretty sure I've stated this previously. Prior to that I'd lost a little more but buffered by some positive trades between 8c and 10c.

    Out of 100 odd individual holdings in the past 30-odd years this is hands-down my worst investment. I've made plenty of mistakes but this is a rare occasion when I broke my own rules.

    Listened to some of the puffery from management (unweighted pipeline, honestly) and then still participated in the SPP even though I marked them down. Fortunately I minimised the damage by recycling rather than doubling down.

    I like the potential but have lost some confidence in management. Unlike some I can see both sides, endless boosterism and puffery is pointless. We get enough of that from the company.
 
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1.9¢ 2.0¢ 1.9¢ $10.95K 550K

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2.1¢ 403800 1
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