Goldbug100 CONNAUGHT (CNT.L) we did warn last saturday that this one was not for widows and orphans

Shares in social housing maintenance group Connaught (LSE: CNT.L) were sharply lower again as it holds emergency talks with banks over a possible debt-for-equity swap that would wipe out shareholders.

At the close 4:35pm: 11.00 p   4.50 (29.03%) 

In our article on Saturday we said that we suspected that retail investors had moved in when the price hovered above 30p late in July: that we had considered adding to our fund but decided against it, preferring to sit on the sidelines and watch.

Sometimes in investing you must follow you gut instincts and this was one such case - We will still watch events just in case