Why not?
To me, this particular holding isn't an investment, it's a bet. It took me a long time to learn the difference, but I've come to the conclusion that spec small caps are almost always a wager. That's not me having a dig at management - it's just that there are so many variables that one can never know which can sink a small cap in short order. Even with the best of intentions - and I do believe that management has the best of intentions in this instance - it's still a bet.
So I'm leaving my money on the table, and hoping that all of the good outweighs the bad and that I've put my chips on a winner.
But I'm under no illusion that that's definitely going to be the case. There is every chance that this will tank. It's a race between profitability and bankruptcy - red and black. I've bet on black.
Either way, I go into it with a healthy, well-diversified portfolio that only contains one single solitary bet.
I hope we all win.
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- Ann: Share Purchase Plan Results
Ann: Share Purchase Plan Results, page-36
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Last
$11.30 |
Change
-0.650(5.44%) |
Mkt cap ! $238.8M |
Open | High | Low | Value | Volume |
$11.71 | $11.83 | $11.24 | $346.8K | 29.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $11.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.50 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90 | 11.050 |
2 | 228 | 11.000 |
1 | 25 | 10.990 |
1 | 500 | 10.960 |
1 | 1000 | 10.820 |
Price($) | Vol. | No. |
---|---|---|
11.500 | 50 | 1 |
11.800 | 200 | 1 |
12.000 | 5023 | 2 |
12.010 | 191 | 1 |
12.020 | 1000 | 1 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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AVR (ASX) Chart |