He's just bagged a few more! I wondered what caused the rise this afternoon. I bought at 28p a few weeks ago. Wish I'd bought some more after the results but I think it will still come good, and I don't like to be too exposed to one share. Surprised it's taken so long to recover after the Swiss Franc issue, but there's no rush.
Absolutely agree Fleagle. E-mail the Chairman your concerns. Regardless of the fact that the assets appear far greater than the MCap the price movement this past couple of weeks supports your observation. Either that or there is a crystal ball out there we don't have access to.
well would you look at that. Been walked down 30% just a few days before the bad results and on the day of the poor results themselves - little movement. well well well....I hope they get investigated (dream on - near impotent regulators!) cos it stinks.
If you read his blog, you'll see the only reason he sold was because the share was failing to pass 30p. He is a pretty honest guy so I see no reason myself to doubt this. Good Luck to all holders. I hope the report is a good'n tomorrow.
How do you know NT sold out before the price crashed? He wouldn't like too many bad trades showing so it may be he just amended his diary post collapse.Also, it seems a hell of a manipulation to try and grab shares before tomorrow doesn't it? There will be serious questions asked if anything bad comes out tomorrow as it will certainly suggest as leaky ship. Finger crossed for holders.
So...over a 30% walk down in just a few trading days with no news nor macro event to cause it. All on thin volume too. So now with a Market cap of about £17m and yet it has a book value (npv) of £27m????!!??? One of two things in my mind. a) we have a leaky ship before results wednesday or b) MM are trying to pick up lots of cheap shares. Funny how Naked trader knew to sell out right just before they started walking the price down.
I can't see any reason other than maybe a sly move to knock out some stops for mm's to load up ready for results on Wednesday. When the company has £30m+ cash then this is oversold IMO. It's nervewracking but I'm holding firm.
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