Matt H Posted December 17, 2007 Share Posted December 17, 2007 I bought some shares in AMEC plc a few years ago @ £2.50 each. Just had a ganders at the telegraph at lunch and they have gone up to £8.90 each!! woohoo. now the enternal question is......buy or wait longer....for £10.00 a share........ummm Quote Link to comment Share on other sites More sharing options...
jim_supra Posted December 17, 2007 Share Posted December 17, 2007 You've made a good profit. I would cash in on it now rather than risk losing it, there is the potential for more, but I would play it safe. I've known people that could have made a killing on shares they'd bought, but held out for more and ended up making a loss. Get out while your ahead. Quote Link to comment Share on other sites More sharing options...
R Black Posted December 17, 2007 Share Posted December 17, 2007 i would'nt wait too long unless you know a fair amount about AMEC, if this all guess work probably sell Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 dont you mean sell now or wait till they are at £10 each? Why would you want to buy more? Quote Link to comment Share on other sites More sharing options...
Chewie Posted December 17, 2007 Share Posted December 17, 2007 Why would they go upto £10? DYOR as they say. Otherwise sell!! I always sell shares if they go 10% up in a week just to secure. If I got 10% in a year I'd be just as happy. My bench mark is what the High St banks are giving. Quote Link to comment Share on other sites More sharing options...
Scoboblio Posted December 17, 2007 Share Posted December 17, 2007 You say you bought them a few years ago and have only just checked them... get hold of the history that you've missed. Remember that shares go up / down for a reason - if they've suddenly shot up a few £'s then there'll be a damn good reason for it, and the big investors smell money (and a quick buck) to be made. If they've been gradually creeping up for years then it's a well performing company, and you might regret selling now on a whim. The question is, did you buy them as a long term investment, or to make a few quid? And most importantly, if the company goes under tomorrow, could you afford to lose what you've invested? Quote Link to comment Share on other sites More sharing options...
MRX Posted December 17, 2007 Share Posted December 17, 2007 Result - sell and be happy Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 dont you mean sell now or wait till they are at £10 each? Why would you want to buy more? Yeah i meant sell Why would they go upto £10? DYOR as they say. Otherwise sell!! I always sell shares if they go 10% up in a week just to secure. If I got 10% in a year I'd be just as happy. My bench mark is what the High St banks are giving. DYOR? You say you bought them a few years ago and have only just checked them... get hold of the history that you've missed.? No i didnt say that ive not checked them for a fair few months though. Remember that shares go up / down for a reason - if they've suddenly shot up a few £'s then there'll be a damn good reason for it, and the big investors smell money (and a quick buck) to be made. If they've been gradually creeping up for years then it's a well performing company, and you might regret selling now on a whim. The question is, did you buy them as a long term investment, or to make a few quid? And most importantly, if the company goes under tomorrow, could you afford to lose what you've invested? They are a steadily rising performer, one year ago they were only @ 4.50 or something like that, they have shot up this year. Ive got a feeling they could hit £10 a share next year after the xmas lull. Take a look: http://www.digitallook.com/companyresearch/10109/Amec/share_prices.html Its money i can afford to loose, i only bought £500 worth, wish i had more to invest back then, but over £1000 profit aint bad! Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 The high was £8.40 according to that site Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 SELL SELL SELL - youve made enough on them. An £6.40 proffit on EACH share is pretty damm good. You can be greedy and then wait for the to rise even more. You caould also find them going the opposite way. How many shares do you actually own? Making over 6 quid on each share in todays market is verry well done. People buy and sell with a proffit of a few pence. Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 It was a very well calculated assesment of AMEC (i didnt do the assesment mind!), i was just privy to the info, think i owe a certain somebody a pint! Quote Link to comment Share on other sites More sharing options...
Havard Posted December 17, 2007 Share Posted December 17, 2007 Sell.... How many shares have you got? Please don't say 10... H. Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 Sell.... How many shares have you got? Please don't say 10... H. if you have a 2 figure amount of shares then id keep them and take the risk. if you have 100 plus then id get shot mate. £600 quid proffit is a proffit well made. Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 Sell.... How many shares have you got? Please don't say 10... H. Whats £500 / 2.5 ? minus the by / sell charge, i think i came out with about 245 shares or something like (off the top of my head) Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 Whats £500 / 2.5 ? minus the by / sell charge, i think i came out with about 245 shares or something like (off the top of my head) like i said - over 100 SELL them MERRY XMAS MATE Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 So i have made about £1500 profit... i think Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 So i have made about £1500 profit... i think Circa £1200 as 500 / 2.50 is 200 - minus the fees for bying and selling. Still a nice wedge you have made. Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 Its no-where near as good as one of my mates in the office. A number of years ago, Atkins hit a hard time (cash flow problems) and shares went down to £0.60 a peice. He bought 1000 shares for £600. The are now worth £11.90 a share, so he has made nearly £12000.00!! Hes still got them too! lol. he said he wishes he had taken a loan out at the time for more but didnt want the risk. So, if your not in the game you cant win i suppose! Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 Circa £1200 as 500 / 2.50 is 200 - minus the fees for bying and selling. Still a nice wedge you have made. Oh yes of course! durh!! lol Quote Link to comment Share on other sites More sharing options...
Ady Posted December 17, 2007 Share Posted December 17, 2007 your lookin at about £1760 @ £8.80 each - thats worked out on a even 200. Minus the selling fees (varies) Minus your origional purchase fees (plus there purchase fees) Leaves you with your total proffit Congrats mate - not often you see some one make a nice big proffit these days Quote Link to comment Share on other sites More sharing options...
colsoop Posted December 17, 2007 Share Posted December 17, 2007 I would keep hold of them for now, that company looks to be doing very well at the moment. Have a look at their interim report. Quote Link to comment Share on other sites More sharing options...
Matt H Posted December 17, 2007 Author Share Posted December 17, 2007 I would keep hold of them for now, that company looks to be doing very well at the moment. Have a look at their interim report. Thats what im thinking, :wink: Quote Link to comment Share on other sites More sharing options...
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