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daft spread: 60/8...why MMs??????
now 69.5p to buy
still 64.xp to sell
yes, 55p would be nuts given what we know about the business/prospects
My gut feel is that we won't re-test 55p ever !
I've had a buy limit order at 64p for about a month now and decided to not mess around saving a few hundred bucks so have accepted the wide spread and taken 66p. I've a good feeling that when the next news comes this gaps to 80-90p so I want my holding to be ready for that. Most likely we only get an update in Feb next year, but we could get another "contract win" announcement any day and then the price re-acts upwards.
I've been invested for 2 1/2 yrs and this hasn't done what I had expected yet ... but I still see so much more upside than down
surprising we aren't retesting 55p yet
60p bid being hit again.
altho, for now, all that's happened is that the ridiculous spread has become slightly less so (62.5-66.5)
yep retest of mid fifties (yet again)??
Someone wants out.
60p bid under attack. Let's see whether it holds.
and now creeping back up, c65-full 70p
those who sold without divi @55p, why??
Goes ex-div tomorrow
Nice 3p upwards move on 11k of buys today. With a now historic £1.75m EBITDA, plus £4.1m net cash, against a £9.3m m/cap, CSSG remains pretty cheap imo.
61.5-64 now
bought measly 1200 more...burp
now NT to buy (still 59.5 ish to sell)
probably not is probably the answer
so when are the MMs going to offer sensible terms ??? (56.5-64p is a rip off)
will enough really sell below 55p to drive this further down??
25p+ pf cash per share (20p net of lease liabilities)...
that's a v bleak IMV/DYOR
30p (or so) for a business
(a business generating 8-10p++ of EBITA)
#nothingsoqueerasfolk
NT(?53-55)-62.7p
with 20p net cash
I guess I'll "have" to buy more...but when??
61-68.5p
actually widening!?!
*odd
Yeah this spread is horrible.
Being honest, I'm going to reassess my holding here. No point holding something undervalued if it doesn't appear like it'll re-rate.
Also, once CSSG's longer-term contracts come up to expiry, would many of them be non-renewed or scaled back? Probably yes. So, in the absence of vaccine, I wonder if this will become another one of the many victims from covid.
Perhaps that's what is putting buyers off despite the finances. Because, on paper, a security company is an off choice of investment in the current climate.
Maybe I'm being too rash. I'm going to have a ponder and decide when I have some free time over the weekend.
no longer NT to sell
spread outrageous: 61-68.5p
I would be
sub 60p
lol
Be careful what you wish for, I'd prefer to be averaging up tbh
you could look at 2H run rate metrics and worry...
I now fancy sub 60p,
given how nervous my fellow PIs seem lol