Elan?

drdre

What do you guys think is it worth investing 5k in elan and wait till early july to sell after the june 28th meeting about the drug. Would you think it will be worth while. Or would you recommend any other shares

How much are the fees etc.its my 1st time investing so donot know how to go about it

Thanks in advance

killeoin

To be honest i'd wait until the 27th of June (the 28th is the date I believe, correct me if im wrong). Expect the price to drop at least 15% in the few days coming up to it so thats when i'd advise to buy....Of course I could be wrong....

Check www.davy.ie for all the commission and stamp duty info.

drdre

killeoin wrote:

To be honest i'd wait until the 27th of June (the 28th is the date I believe, correct me if im wrong). Expect the price to drop at least 15% in the few days coming up to it so thats when i'd advise to buy....Of course I could be wrong....

Check www.davy.ie for all the commission and stamp duty info.

Thanks and yeah i think the price should fall coming up to the date.I wouldnot be out to make huge money its just i want to check how trading works and i think elan is the best way to find out.Hopefully.

paulocon

drdre,

While it looks likely that the news will be good, you cannot rule out bad news either.

In that case, the effect would be pretty catastrophic to both the share price and your investment alike.

What you are doing is akin to gambling. Sure, the odds may be in your favour but would you throw 5k on a horse?

If I had 5k to invest and wanted to find out the workings of the market, I'd invest in something like AIB, BOI, CRH etc...

SouperComputer

Dre, I think you are mad to put 5k in any single share.

That said, you are pretty young (as am I!) Ask yourself honestly, are you prepared\able to loose ALL OF this money if things go pear-shaped. If the answer is yes, then go for it. If its no, then maybe throw 2k at it and put the rest in other investments, be it shares, funds, start a pension or all three!

I plan on all three anyway, and maybe a bit of wine too

[edit] if you want to see how trading works, checkout www.bullbearings.co.uk. Its a virtual online stock thingy that uses real prices of real stocks. There is a boards thingy going on, have a look at the stickies on this board [/edit]

chump

With only 5 grand, and assuming it's spare and lying about, I'd have more fun playing with it on betfair or something.

But if you want to get into playing with stocks, I'd take the gamble.

Safe bet, on a blue-chip, the markets are going to rocket this year and you might be looking at 10% growth.
But it's still small beans really

drdre

thanks , but it looks like i wil have to do alot more research before i put money on any share. as if i loose this money i will not be happy:D

paulocon

drdre,

If you are wary of losing any of your original investment then care is strongly advised.

In the stock market, there is no such thing as a sure bet and generally the level of risk grows as the possible level of return grows.

While is is very unlikely you would loose ALL of your money on Elan, there is a chance that you would loose SOME of it.

Personally, I'd stick to a long-term starategy - keeping to some of the blue-chips. I keep my gambling for Cheltenham and the Grand national!

drdre

paulocon wrote:

drdre,

If you are wary of losing any of your original investment then care is strongly advised.

In the stock market, there is no such thing as a sure bet and generally the level of risk grows as the possible level of return grows.

While is is very unlikely you would loose ALL of your money on Elan, there is a chance that you would loose SOME of it.

Personally, I'd stick to a long-term starategy - keeping to some of the blue-chips. I keep my gambling for Cheltenham and the Grand national!

Thanks paul, i think i will leave Elan then.

paulocon

Not a problem at all...

For a gentler introduction into shares, have a look at some of the funds around. Can't think of the names of them but I'm sure some of the good people on here could oblige..

killeoin

paulocon wrote:

Not a problem at all...

For a gentler introduction into shares, have a look at some of the funds around. Can't think of the names of them but I'm sure some of the good people on here could oblige..

A few points...

1) To the person who said that the market is going to go up 10%...How in God's name did you come to that conclusion? The market already looks extremely over-valued at present with stocks after shooting up in the past year or so. With the impending increase in interest rates its more likely that the market will go the other way. Check out the P/E ratio and compare it to past years. Now is a very bad time to be entering the market, unless you are looking at particular shares.

2) Bluechips...While I agree that they are stable what is really the point in putting 5k into them. If the above "so-called 10% increase came" that would be 500 euro profit, minus 1% stamp duty and commission both ways. It wouldn't really pay. I feel that the best way to invest in Bluechips would be say a sum of 20-30k.

3) Funds as per above....Have people not learned, the only reason that funds are in existence is to pay the wages of the people operating them. Its really very very difficult to pick out a winning fund, add to that the entry fee and annual commission and that 5k won't be going far.

4) drdre, don't listen to advise off message boards!

drdre

killeoin wrote:

A few points...

1) To the person who said that the market is going to go up 10%...How in God's name did you come to that conclusion? The market already looks extremely over-valued at present with stocks after shooting up in the past year or so. With the impending increase in interest rates its more likely that the market will go the other way. Check out the P/E ratio and compare it to past years. Now is a very bad time to be entering the market, unless you are looking at particular shares.

2) Bluechips...While I agree that they are stable what is really the point in putting 5k into them. If the above "so-called 10% increase came" that would be 500 euro profit, minus 1% stamp duty and commission both ways. It wouldn't really pay. I feel that the best way to invest in Bluechips would be say a sum of 20-30k.

3) Funds as per above....Have people not learned, the only reason that funds are in existence is to pay the wages of the people operating them. Its really very very difficult to pick out a winning fund, add to that the entry fee and annual commission and that 5k won't be going far.

4) drdre, don't listen to advise off message boards!

Thanks, i think you know what your talking about:D

im not listening to advise on boards im just tring to get an idea.

thanks again

chump

chump wrote:

Safe bet, on a blue-chip, the markets are going to rocket this year and you might be looking at 10% growth.
But it's still small beans really

killeoin: your opinion/my opinion... I'm hardly promising or gaurenteeing anything to the OP, it's opinion. My opinion is formed somewhat from the suggestion from a friend in Davy's that we might be looking at this kind of growth. Also continued strong economic growth with a grater aversion to property investment will help this. Particular irish blue chips, where with the strong population growth forecasts for this country will only help them...

You talk as if your opinion is difinitive, it's not, it's no better than any anonymous source who posts on boards, unless of course you can provide evidence that your judgement in the past has been impecable.

drdre

chump wrote:

killeoin: your opinion/my opinion... I'm hardly promising or gaurenteeing anything to the OP, it's opinion. My opinion is formed somewhat from the suggestion from a friend in Davy's that we might be looking at this kind of growth. Also continued strong economic growth with a grater aversion to property investment will help this. Particular irish blue chips, where with the strong population growth forecasts for this country will only help them...

You talk as if your opinion is difinitive, it's not, it's no better than any anonymous source who posts on boards, unless of course you can provide evidence that your judgement in the past has been impecable.

Yes chump nobosy's opinion will be exact. i am only tring to get ideas im not going to go out and put 5k on a share i donot even know about.Im just tring to get some knowledge and thanks guys for your replies.

paulocon

drdre, take a look at www.askaboutmoney.com, some excellent stuff there on investment...

drdre

paulocon wrote:

drdre, take a look at www.askaboutmoney.com, some excellent stuff there on investment...

Thanks paul

techguy

If you are only checking out how the market and trading works you could do worse than buy some bluechip shares.. I have bought some shares in BP for the same reason as you. For the likes of elan they are very unstable and if you were to loose a few euros it might put you off the whole stockmarket scene which would be a bad thing..
Maybe someone else has already said this but I havent read all the replies..

grumpytrousers

if you're going to invest in shares, make sure you use the online service of davy or whatever. phone commission = €100 in and out. internet commission €25...

not an advert, but if you're 'only' investing 5K, then the 150 you'd save would be noticeble!

drdre

hakko1872003 wrote:

If you are only checking out how the market and trading works you could do worse than buy some bluechip shares.. I have bought some shares in BP for the same reason as you. For the likes of elan they are very unstable and if you were to loose a few euros it might put you off the whole stockmarket scene which would be a bad thing..
Maybe someone else has already said this but I havent read all the replies..

Thanks for you reply.

drdre

grumpytrousers wrote:

if you're going to invest in shares, make sure you use the online service of davy or whatever. phone commission = €100 in and out. internet commission €25...

not an advert, but if you're 'only' investing 5K, then the 150 you'd save would be noticeble!

thanks you for your reply and i will check this out in detail.thanks again

Nemotoid

grumpytrousers wrote:

if you're going to invest in shares, make sure you use the online service of davy or whatever. phone commission = €100 in and out. internet commission €25...

not an advert, but if you're 'only' investing 5K, then the 150 you'd save would be noticeble!

What about the 1/2 yearly maintenance fees of €40 with a Davy on-line account????

Evil_Bilbo

if you're thinking about buying shares why not go to www.ise.ie and check out their prices - you can view a historical graph for each share. Obviously you shouldnt dive in with 5k, but I'd say it would be reasonable to expect the elan shares to go up after the 28th (unless more tsabri corpses turn up). You could do worse than elan, though they are quite volatile at the mo. tullow oil is a good one, but a very slow and steady riser.

Imo it would be worth throwing around 2k onto them before May 25th. This is their AGM, and the share price USUALLY (not always) goes up after these. I've a bit of money on the auld elan shares meself, though I did buy them at €6.10

I'm expecting 2 price increases this year - one on the 25th of May and one on the 28th of June. If they keep rising a bit after that, I'll hold onto them, but if not I'll have to let em go.

Deciding when to buy the shares is hard, deciding when to sell them is even tougher.

(all of the above info is obviously just my opinion, and I do not in any way claim to be an expert)

drdre

Evil_Bilbo wrote:

if you're thinking about buying shares why not go to www.ise.ie and check out their prices - you can view a historical graph for each share. Obviously you shouldnt dive in with 5k, but I'd say it would be reasonable to expect the elan shares to go up after the 28th (unless more tsabri corpses turn up). You could do worse than elan, though they are quite volatile at the mo. tullow oil is a good one, but a very slow and steady riser.

Imo it would be worth throwing around 2k onto them before May 25th. This is their AGM, and the share price USUALLY (not always) goes up after these. I've a bit of money on the auld elan shares meself, though I did buy them at €6.10

I'm expecting 2 price increases this year - one on the 25th of May and one on the 28th of June. If they keep rising a bit after that, I'll hold onto them, but if not I'll have to let em go.

Deciding when to buy the shares is hard, deciding when to sell them is even tougher.

(all of the above info is obviously just my opinion, and I do not in any way claim to be an expert)

thanks for this information.