AAQ - AAQ Holdings

grace said:

Thanks for drawing my attention to aaq again.

I sold off 2/3 of my holding prior to halt. That was a bit of luck.

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grace said:

own 1/3 too much! Voluntary Administrators gone in today. My first holding ever that has gone down that track. I should have been paying more attention before now. Luckily, only a few $$$, but would have been better spent on the kids at Christmas!

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tge oracle said:

Sorry to hear that AAQ is your first ever investemnt and that the administrators have been called. Having been investing for many years everybody, and I mean everybody ( think packer/ murdoch - ONE TEL) suffers this experience at some time during during their investing career. Try to learn from your experience, you will begin to see the warning bells and cut your losses and move on to better investments.

My own poor investments have taught me some very important lessons:

1. Never fall in love with a stock / investment.
2. If you have doubts go with your gut instinct and get out, eveb if it means a loss.
3. Undserstand what you are investing in and understand the risks.
4. Actively follow your investment. Regularly read reports / announcements etc. and this includes comments on forums such as this. There are a lot of rampers on stock forums but there are also a lot of learned investors with valuable comments / opinions.

I hope you regain your losses in your next investment.

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grace said:

Thanks. My typing must have been a bit fast. This is my first holding gone into administration....not my first holding ever. My first ever holding was the Woolworths float back in 92/93. I own some 30 stocks now (mostly purchased in the last 2 years). I have been lucky with some, unlucky with others.

Point 2 - gut instinct was there for the last couple of months.....yes, should follow instinct. I did with MON and got out before it went belly up.

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tge oracle said:

Tks for the clarification Grace. I am sure you will re-coup this loss over time and get to use it as a tax loss for future profits. All the best, I guess this forums finished now....time to move on!

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TDavo said:

We have just received notification that our AAQ shares were moved from CHESS to Issuer Subregister on our Chess Statement. I am fully aware of the suspension of trading - and administrators etc but has anyone heard anymore - I am presuming the shares in this a gone but this is the only notification we have had since the 28 april notification of name change and prior to that - administrator letter. Has anyone heard any more about it?

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nizora said:

AAQ has now been relisted with the ASX. For former shareholders please contact Rod Somes @ 08932332003 or rod.somes@computershare.com.au for new holding statements.

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