I know the pain of doubling down all too well also, did that with rfg almost twice. Super painful lesson learnt there aha. Got rid of all of it just over a buck. I still hold voc myself however a much smaller % and i havent decided if i should keep it or shed it yet. Most likely shed.
To add my 2 cents having 25% of a portfolio in any company is pretty risky. The only known in investing is there are plenty of unknowns :) we just try skew it in our favour. You have to ask yourself if having 25% in vocus is putting the odds in your favour.
I was originally hoping that the sale of the NZ business would go through, reduce the leverage and enable them to focus on the turnaround of domestic operations.
I really like their assets and think they have good long term potential, but it will be a slow recovery, in my opinion.
Would be tempted closer to $2
Hi all, wondering what others are thinking here on VOC. I only have a small porfolio at present of around $20000 that I am slowly building up, problem being Voc is 25% of it and out of balance with other 10 smaller holdings. Have an AVG share price $3.05 area and no need too do anything. Wondering if I should play the up and downs I have been watching it bounce along. I guess I just going to have to be patient and save on brokerage. Thanks Will