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Zoetic was the first to be listed on LSE therefore its a sensible comparison for all the reasons I've already pointed out - incorrect ZOE was never (and still is not) listed as a CBD business and ZOE never listed per se as it was purely a name change from HNR
@Amran - I don't think anyone believes what you say any more and your reluctance to address issues raised is deafening. Maybe it's you that should jog on :)
@Amran - I can assure you I don't feel hurt or upset about your ZOE comparison. Nor do I feel hurt or upset about any ramping that goes on here.
I appear to be asking questions that you don't like because either a) you don't know the answers or b) you have a an agenda based on posting deliberately misleading information
You constantly suggest you are talking to Alexis and this is happening and that is happening and news is coming. If you really have that information then the company are divulging inside information and would be in trouble. If they aren't then you are living a lie.
Why the reluctance to compare to LH as they are very similar? If you were to take their mcap and translate that to the number of shares here you get 5.3p. Maybe that is the reason?
Your insistence on picking a company with a £100M mcap as a comparison is clearly for a reason here. Why stop at £100M? Why not compare to Apple or Amazon?
You appear to have your head firmly in the sand and when someone calls you out you resort to a "mightier than thou" approach.
No-one is asking you to be BB police here either (well apart from yourself) and it's about time people asked you questions as you seem to think of yourself as the oracle on this board.
Avoiding answering ones you don't like says more about you than the people asking them
Oh dear, plagued by a couple of trolling keyboard warriors who obviously have no investment in CBX and absolutely no respect for other peoples money and investments, your behaviour is beyond Disgraceful & Disgusting.
@Lucky - read my comments in this thread as I explained my reasoning quite clearly.
The ZOE sp valued the company over £200M a while ago yes
Thanks Obstando, everything you have said I agree with.
We need conflicting / challenging views as it will flush out new information / insights.
@R1bo - I fully understand this is a public BB and you will get all sorts of posts. I agree that it isn't as bad as many boards but I never claimed it to be the worst. If posters that claim £1 by year end want to back that up with some reasoning and calculation then at least there is credibility behind the claim and basis for discussion.
I actually consider the consistent comparison to ZOE to be a subtle form of ramping and have explained why. I also suggested that a more sensible comparison may be to Love Hemp because of the reasons detailed yesterday but have yet to see any comment about that. Interestingly Love Hemp put an RNS out today saying that they have signed an endorsement agreement with Anthony Joshua so with the talk of the sports angle here it definitely is a more realistic comparison.
Optimism is fine but I have a logical/analytical approach and until we are given details of branding, products, distribution, outlets etc I expect trading to be stuck in the rut it is currently in.
7p or just below should be the bottom but markets can be very fickle things. Interest has stalled here for a while and news will be required to re-stimulate it.
Amran - one man's negative is another man's realism
I have just posted a comparison to Love Hemp (which you will consider negative no doubt) and would love your thoughts on that rather than the constant comparison to a company that isn't really in the same market space. Realism please
Amran - I am well aware as I have been on this BB longer than you :)
The ramping doesn't influence my decision but it may give some an unrealistic expectation - what will influence my decisions is the product range, the distribution deals and the outlets.
Once the sales numbers are added in then we will all be in a position to make more informed decisions based on hard facts rather than guesswork.
Amran - I don't have an issue with anyone comparing CBX to any company - all I'm pointing out is that I see no reason for the comparison as you would be better off comparing like for like (which is why I suggested comparisons against Love Hemp). You seem to have ignored that suggestion completely.
There are many companies that have grown on hype and there are many better examples than ZOE (who I don't consider being a company that were ever really hyped - quite the opposite as their growth was very much under the radar and only picked up by investors new to the CBD market).
Again stating that ZOE went to 3.75p, whilst correct, is slightly misleading as the company was undergoing transformation from an exploration company to a CBD business.
I agree that ZOE is valued on their potential as every fledgling company is. Until CBX have products in the market the SP will trade within a limited range.
You obviously consider the board to be nicer when the silly ramps of £1+ by year end are posted but dislike the fact that I question why you would compare against a company in a fundamentally different market yet ignore the example I gave you which is in a very similar market and currently on sale in UK High Street stores.
I'm not giving any advice or SP predictions nor trying to save anyone but engaging in conversation instigated by what I consider an unrealistic comparison.
By comparing CBX to ZOE you are implying that the CBX share of the cosmetics market has the same potential value as the ZOE share of the tobacco cessation market - I disagree with and that.
@R1bo - I understand what is considered ramping is subjective but I wouldn't consider these examples tongue in cheek:-
"Truly Exciting Times Ahead , 10x Bagger by year end"
"This could easily hit a £1 but probably more importantly near term 50 - 60p on product launch and depending on how many products & DB behind CBX £1+++"
@last - the IPO was bought into amid much media and BB hype and as expected the SP reached a peak that was always going to happen - it actually went much higher than 17p despite that being shown as the high (I think it hit 27p). The high is not an indication of where the SP will trade upon product launch- it reflects the amount of buying that occurred in the first few days of trading.
The SP has stabilised around the 7p mark recently and will realistically trade around that level for a while maybe creeping up in anticipation of the next RNS which hopefully spells out the distribution and retail deals.
Then the marketing will kick in with product details and announcement of products hitting shelves.
Thereafter the market will be awaiting details of sales numbers.
Each of those events should lead to an upward movement but at what sort of level remains to be seen.
This is only the beginning of a long journey so patience is the key
R!bo - similarly there is no reason to state your holding as that also has an impact on how your posts are perceived. I have seen posters that start off by stating they aren't invested to then be ripped apart. I take whatever people say on BB's with a very large pinch of salt as we are all anonymous and everyone has their own agenda - some good and some not so good.
With regard to ramping there is actually some shocking ramping here - usually by a handful of regular posters.
The danger with ramping is that is raises expectations (usually unrealisticallY) that when not met leads to discord. Keep it real.
Happy to discuss figures and projection but they need to be substantiated - claims of 50p by September with nothing to back it up do not add much to the board other than desperation.
Everyone is waiting for news and that will shape the SP in the coming months - until that point it looks like the SP will continue to be traded within that band.
Hi,
Everyone. I am new to investing, so would appreciate your valuable opinions. If the share price went to 17p when the IPO was launched. Without a product, suppliers and distribution arrangements. Would it be an unreasonable assumption that it would go to 17p or higher, once the product is actually launched?
Good points from both you guys, and agree Cbx will rerate once retailer has been announced and stocked up, next re rate will be on products sold and next one on repeat orders. Hopefully we find out July August as to the retailer, September product on sale, December sold figures and re orders.
Not comparing Cbx to Zoe but you can see how price can shift once the ball starts rolling.
My prediction
June 8p
July/August 10-12p
September 13-15p
December all going well 20-25p if it doesn't take off be back around 10p mark... This is just my opinion and no one should take it seriously as they are predicted by a novice investor :)
Amran - you are comparing apples to oranges and trying to exaggerate the value here because you are (supposedly) invested heavily and it's clearly in your own interest to ramp this as hard as you can. Let the facts speak for themselves.
CBX is valued as it is because it's at a very early stage and the market has yet to see it's products or confirmation of where it will be selling and when. Once those announcements are made the SP will re-rate. Once trading is established and sales numbers are announced then expect to see another re-rate but you need to walk before you can run.
Why are you not comparing to Love Hemp who are a much better fit?
When ZOE announce their numbers for the cosmetics side you will have more to compare against but trying to compare a company that is focussed on cosmetics and sports relief products against a company currently selling tobacco alternatives in the US seems pretty pointless to me. Yes they are both using CBD in their products but you don't compare Coca-Cola to Mr Kipling because they both contain sugar.
Amran - I think using ZOE as a benchmark for CBX is misleading as I have explained before.
ZOE's primary business is tobacco cessation (although they have an award winning line of CBD cosmetics, oils and edibles that have been selling online since last year and will be in High Street shops shortly). Once the sales figures for their cosmetics side of the business are published there may be some basis for comparison but the value of their business is primarily the smokes and chews which is a very different market and why their value is much higher (they are currently on sale in approx 3500 outlets in the US and have a deal to supply close to 100,000 outlets). A better comparison would be Love Hemp who are currently on sale in High Street shops and online and who also have a sports angle with their products (they are on Aquis but expected to shift to the main market after this year).
I'm in at 7.75p so not far away
What a realistic target price?
Any idea when we will get news hope it holds 7p
Don't forget Debnhams Marketplace, from Boohoo can also sell the products.
Im with Amran on this one, great team, great product and a big market. I'm hoping Selfridges Harrods, John Lewis etc will stock these as it is a premium brand.
In a way, I’d love a positive RNS / leaked stories, but by not having that, I feel comfortable we are at the bottom range value. Hence why this is also a high % of my portfolio.
When we get news, I’m expecting it to be insightful. Just fingers crossed the first few products have demand as that sets us up. I’ll just leave my invest in here to forget about it.
Then expecting an acquisition. All the while this sits in my share ISA so the tax man can’t get his hands on it.
Thanks Amran, I wasn’t being nosey (with regards to £s) hence why I mentioned % :-)
I’m quite away from your holding, but equally feel the risk is worth taking so a large part of my portfolio is in this.
Looking forwards to hearing the news in the next QTR, this could move very fast and at only £40m market cap, it feels a great op.
I’m averaged at just below 10p now.
nice a few hundred gs