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Member Info for haroldhadrada

Premium Member

Member Since: Wed, 9th Mar 2011

Number of General Chat Posts (all time): 279
Number of General Chat Posts (last 30 days): 4

Last Posted: Thu 10:47

Thu 10:47

K cheers mate and wont fill GC either and totally respect your view i honestly believe Lungi covers mc as an asset it i agree a dip on results if nothing pre that but nothing drastic just a one day scoop imo and i full expect a few items pre that please don't ask why as its not pie in the sky its many days on google looking at certain things in tenders etc and government releases . I would not dream of posting on bb as don't want to damage any chances of obtaining .
Thu 09:26


WSG rsi just above 30 and sat on 200 SMA for the bulls a very big support and being over sold a great buying opp 10% cheaper than business developers a couple weeks back .
Tue 10:18

Similar to the lyrics of country supremo Kenny Rogers "The Gambler" I bring you a more certain approach on reading news.

Recently people have asked for advice on when to sell shares or at least when to see the warning signs early before the final nails appear in the coffin as we have seen recently with shares like Albermarle and Bond (ABM), once the darling of investment magazines due to its meteoric share price rise predominantly on the back of strong gold price's corrolation with the publics' dash for cash via the pawn broking business which immediately followed the squeeze on household incomes from 2009-12.

There is no real quick fix, investors have to get "their hands dirty" and look for signs in the half year reports, trading statements and annual reports which companies are obliged to release. Within these documents lie the clues of how one needs to judge the health (or otherwise) of companies. Let's take two polar opposites in the form of my recently featured Aeorema (AEO) and the aforementioned ABM. IF you look at the last three results releases from AEO since last Autumn and compare them to those released by ABM then you'll see the stark contrast in terms of language used by the directors, the tone of the statements and more importantly the financial health of these companies. As early as October 2013 AEO was announcing a very positive turnaround in its fortunes and confidently stated:

"In light of the excellent progress and significant growth potential, the Board is proposing an enhanced maiden dividend of 1.5 pence per share."

The subsequent releases proved this was not an isolated show of strength by management and the share price duly rose from 35p to 70p in the next 6mths.

In contrast, in the same month of October 2013, ABM was providing those who paid attention with clear signs of what was to occur in March 2014, namely the appointment of administrators. On the 30th of October the sombre statement is made by Chris Gillespie, Chief Executive, he commented:

"Today's further covenant testing date deferral agreement is testament to our constructive working relationship with the banks and to their support while we explore a range of financing, strategic and turnaround options. "

I advised selling at this point and the share price plummeted from 30p to 7p within 6mths, with each new update to the market proving ample clues that something was seriously wrong. If investors take the time to "get their hands dirty" and look deeply into the last 12mths of a companies statements they can build up a definitive picture of where a company is heading.
28 Mar '14

Morning all WSG just highlighting last two business developers or strategic investors 17p ones hit 44p within 4 weeks ,then 27.5p ones it hit 95p within 12 weeks now a new one at 77p on Monday and to add to the theory estimated market size has grown by 50% this am from 5000 shares to 7500 i find this allot when shares expect higher volume in the coming period and a share they expect to be gaining more interest imo.
18 Mar '14

I know its an oldy but its a goody WSG RSI 29 fasties at bottom imo a very good opp to buy while quiet before it starts a cycle to 50-70 RSI as it has done many times in last year .

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