Originally Posted by
the machine
well I am now back onboard as a direct ppp shareholder with 50,000 @ 16.5 and 50,000 @ 17 - av 16.75 - sold 20,000 nzo - i feel for those who bought in over last 12 months, but thats the risk you take. my stockbroker concurs @ 16.75 it must just be above cash and ppp make a profit every day with tui and also with the bank interest.
last year i sold all of my remaining 240,000, including some bought in early 1980,s before cgt - thus profit on the old shares was all tax free.
sellers are taking advantage of the tax losses before june 30, so come july 1st its a whole new ballgame and sp might be back above 20 - plus of course the drill spudding later next week will push sp higher.
M