SPLITs Followers' Thoughts for 2005

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firkin - Sat, 01 Jan 05 :

asmo - times your starting amount gets back what you have lost. Perhaps I should not have mixed my metaphors.
100-60=40
40*2.5=100!
The first was 60% loss,
the second was a factor of 2.5 - a number not a %.

This return is far less than some of the posters who have bought for pennies and hold/sold at multiples (whole number multiples).
I am so grateful at getting back to my before status. My biggest problem was believing people like Chris Fishwick to whom I spoke on a number of occassions as a shareholder. Lessons well learnt. Listen but do not believe all.
In the new era this may not be entirely true. The St. Davids board tried their hardest, and Gtmp board (and manager) came up trumps. And others. But of course the track has improved making their tasks easier than in a viscious bear phase.

My post was my way of saying thank-you to the posters on this board.

p.s. I have no intention of writing to AITC for whom I have little regard partly for the reaons that you mention. Investors should plough their own path. You bet. You win or lose. As ram says you must move on.

Waste of time writing. I got stitched up on moni, energis and bge. The last two are a disgrace, the first one so bad that I cannot write down my feelings. It is the employees of moni who were encouraged to invest in Compamy schemes and through loyalty some lost their life savings. I merely lost a few % of my capital on that one.

btw Chris Fishwick, incredibly, is still a director of 2 Aberdeen splits despite signing agreements not to hold managerial positions in the industry. I understand that in the context he cannot be a fund manager but he can be a director. Is this alice in wonderland or what? Apparently the fsa only regulates fund managers and not boards elected by shareholders. A serious anomaly? Certainly NOT worth writing to AITC though.


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