I was planning to write up earlier but thought “who the hell is interested in my story”…I am only a Fum holder since december 2017 (First buying at 23,5P) and what a stress it has been for my in only 2 years!!!
I am a novice when it comes to investing, still learning everyday. I heard of FUM from a Belgian Banker who did research it…otherwise FUM would never have been on my radar. That is the problem with FUM, merely unknown company abroad. What a good PR campaign could do!
For long term investors it must have been a hell over the past decade or so!!!
Some headbrakers over the past 21 months; As a foreigner I was not entitled to participate in the Primary Bid offering. I had to buy the largest chunk in the open market (@7,18 p)…JB stating a deal was imminent whilst Lombard was selling in April last year…how confusing…what the hell were those highly paid consulants been advising? How smart is Lombard => look at Silence Therapeutics, another LO holding with which they also made a huge profit, so it is so confusing the role LO plays…why did they purchase last week? Why is TPR delayed, how much million is 50% more?
Fortunately I was able to average down to 14,35P end of last year, so I have made a 200% profit (almost 50K euro)…
What is my point now?..Well, I fucking miss it, over the past 2 years I have invested 90% of my “stock time” into reading and following FUM. I even wrote Angela an e-mail in the darkest of days, which she answered swiftly and correct. She kept me invested! I have read every post you guys make (I think a lot of people do read your interesting posts, outside the UK as well).
So, today I only have 25K shares left (was 165000) and I feel happy with my profit…but my addiction/attraction to the stock gives my some sort of empty feeling… “never fall in love with a stock” is my real problem with FUM, because the risk/reward is so exceptional!!!
The problem with FUM is trust, trust and trust…made from 25k 75k but I do not dare (unlike Daringinvestor ) to hold on until the end because I am scared that another problem will arise and I will lose my paper profit.
So I am not entitled to feel the same pain as you, but I do feel the same boringness…
My ultimate dream is to get another chance to step in the game and make the same ride once more. But I do not see that happen, because I believe it will be boom or bust when results are being presented in November/December.
To stay involved a little bit, I keep my 25K shares for now. The rest is invested in recently bought property. A piece of our house has been funded by FUM! That is why we are all in this game in the end and have fun on the way!
Miss the fun though!
Good luck with whatever you decide!