RE:makin any money
There seems to be some confusion here as to what valu/growth investing is all about. I have deployed the value/growth approach for many years (value/growth as defined by Peter Lynch and John Neff) and have a long term average annual return of a little over 35% compounding for my main pension funds, higher than this for non-pension funds. But it is very unusual to buy in and to be making major gains within a few months I have found. Usually I have taken a value/growth position and have had to wait a year or two, or more to see the gains come in. When an a significantly undervalued company's share price decides to catch up with reality, the move is usually quite rapid, so whilst my returns have been good, the vast majority of the time little is happening, I am just watching, waiting, monitoring - I have reached a point of not being that interested in the share price just the valuation and the underlying growth story. Consequently I am currently very pleased with my Ithaca investment although it has not made me a dime in the past 18 months - going forward I am confident that in time Ithaca will multi-bag and make me good returns. The next phase of development funded by GSA cash generation could see Ithaca 5 bag or more - this would give me my first 7 figure £Sterling return - Ithaca investors have every reason to be confident, I would not pretend that NS Oil ops are risk free, however, the risk equation is heavily on the side of Ithaca investors at current valuations.
Doug