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I still think this should recover. Although had to laugh when the news last month had "Soar" in the headlines.
At least its maintained its price at least. I wouldn't consider this soaring until it was 1p plus again.
Hi jockrock. Without access to Level 2, or sight of the mm's list of buy /sell prices for various amounts of shares before transaction prior to dealing, the later marking of a trade as a sell or a buy is not an exact science.
If you able to see the stated buy/sell prices "on the slate", for your order quantity, you can then compare the actual definitive prices for similar dealt quantities, which have actually been transacted, before you deal. That will still not tell you truly which is a sell or buy.
If the bid/ask is shown as 50p v 56p and you see transactions at 51p and 55p, then it becomes obvious, although it's more difficult if transactions are done at quite close to the midpoint of 53p.
This is all the more reason to have L2 access, if ones level of trading makes the cost of L2 worthwhile.
With the current cases of SUN, it's currently more difficult, given that the best bid/ ask has been a wide 0.60p /0.70p and your buy price was 0.64p .... so close to the mid-price of 0.65p, that would make anyone's casual glance look to be a sell, as it was closer to the bid than the ask. If you had paid 0.66p, then your trade would likely have been marked as a buy.
Regards.
Quite some decent sized buys gone through today ... could be the start of moving up, off the recent cheap bottom.
My 250,000 buy listed as a sell. How many more I wonder
Very slow recovery, CFO has resigned.
However if the trading update due this month is positive enough it will recover, will just have to see.
Seems like a buy at these levels little to loose...any idea what is going on ?
You are wrong again
Added.
I agree that progress has been slower than I would have liked. I think their products unfortunately are more related to the sort of procedures that would be put on hold over covid. I did sell half when it last went around 2.5p
I'm reasonably confident that this should start growing now and seeing some success. The board addition from TRX should help (they are progressing well, and if SUN is following their lead should see improvement). I'll be very disappointed if this company doesn't become profitable next year.
I have never understood this company and the lack of drive of the management over such a prolonged period I am so unclear why the potential has never been reached....they did 4 day week, basically closed over covid-19 whilst others pivoted just seems to be a basic run the engine, it really needs some momentum and possibly be bought out by some one...i have had 7200 shares for years and just like watching paint dry and loose money ...
If it goes below a penny, I'll be tempted to buy more. I see this improving over next 6-12 months - as long as nothing too bad happens obviously.
Will that fact change?
we are currently at alltime low.
This company needs to speak to Jonathan Glenn about TRXs 4s strategy, although I'm sure they are working on all of those goals. Don't expect this to go much lower and think with some positive news should go 2p+ again, just might be waiting till 2024
yep - same here - always thought that if the business momentum was not improving past 2023 I'd give up. Upward and onward now
Yes, this is getting very close to being damn fine company.
Right product at the right time. Humble but high quality board.
I'm glad I hold a few for the long term.
profitable and positive cash flow - fantastic -
Good balance sheet
Demand for products ++
time to re rate this stock.
With an undemanding 2.5x fwd p/s on FY22 revenue (11.3m) it's a 3p price target, +70% upside.
1.45p?....looks like the bottom of this downtrend..imo
?
that's not what the guidance says...
Or you could argue that the old ones don't need replacing due to under-use
omicron throwing a spanner short term but the backlog and need for SUN products is still very supportive. Add on weaknesses !
Any news about Surgical?
business is now fairly lean + there is so much surgical backlog that the need for such tools is HUUUUUUUUUGE.