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@Happy, no thanks.
Not after two days of trading but after reading their prospectuses, which are available for all to read. Neither company has any sales so it's not possible to evaluate their operating or financial performance. I'll post a comparison late this evening.
@James1919: I did listen to you :-). Thank you.
HappyInvestor - if it's not futile then can you please share what you've gleaned from the comparison between CBX and KNB after two days of trading?
Yes I sold half mine on Friday at 27p. They hit 28.5p. Should have sold them all but thats greed for you.
Might drift to 10p as more and more PB holders just sell up....and there are so many of them. Still over doubled their money and those who applied for £20K etc wont want to hold such a small amount. My guess is a rally to 15p but after that? No idea...give this a few months is my plan. As a freeroll.
"Some people need a reality check - all this comparison with other companies is futile."
No, it's not futile. Investors and analysts compare firms to sector peers all the time. It's perfectly logical as long as one has the knowledge and skill to compare and contrast.
The comparison with Kanabo is extremely valid. Both recent IPOs with similar valuations at IPO. Both at an early stage and neither generating is revenues.
Best
Happy
I honestly cannot believe some of what I was reading on here today, people selling out after just 2 days in at a loss, people saying it’s all over blah blah...incredible...talk about paper hands!! Jeez!!
I'd just be happy for it to get back to 25p,
Some people need a reality check - all this comparison with other companies is futile. The company and it's advisors set the IPO price at 5p as that is what they believed the company was worth at the moment. The whole Beckham connection has been played very well by those looking for a massive jump so they can bail and make a fast buck. DB's company has invested at 1p which is a heavily discounted rate to those subscribing at the 5p IPO price. DB is not the face of CBX and never will be - it's an investment only through his company. CBX may do well in the future but there is quite a road ahead - there may well have to be placings ahead to raise cash but we don't know. The reason IPO's seem to be cheap is because the company is relatively new and carries risk. The SP is re-tracing because the hype has calmed and it will now find it's trading level - that may be 10p or 5p or 2p or 20p - no-one knows at the moment and people throwing out wild guesses do more harm than good. A lot of people new to investing jumped in and are running around like headless chickens - if you bought in at IPO you are very well in profit. If you can't stand the ups and downs take the profit and put it in the bank. For those that bought in on Friday or this morning then like the major shareholders you are effectively locked in for a while so switch of for a while and enjoy life
Well I'm on the same boat as well, gla
"posted twice on Friday to warn people that this share was issued at an IPO price of 5p, which was driven up due to demand to lead to the ridiculous price of 23p."
Kanabo was issued at 6.5p and is still 26.5p. The market determines the share price based on supply and demand.
And we're still well over 100% up on the IPO price so it's not as if anyone alloted IPO shares has lost out. Shares at IPO have some level of assumed discount built in to generate interest.
I'm not sure exactly why you think people need you to warn them. One would have to be a newly-landed Martian not to be aware of this risks of such shares but, at the time, now that the froth has disappated, they look oversold.
We should trade at about the same level as KNB so 18/19p.
IMHO. DYOR.
On a rocket would be nice, but not looking very likely.. :o(
Monty come on at least have abit of positivity!!! Where else do you want to go from here?
"This share can do very well in coming days easily over a. £1.00"
Can you we stop all this BS, instead of having a great day we had an absulote poo of a day. Stop all your rubbish talk & PO elsewhere. We are here because of people like you!
Only need to hold. And be patient
This share can do very well in coming days easily over a. £1.00.
Ignore the troll
They are trying hard to get cheap as possible
And you be careful too @James1919 please, your posts mean nothing and I’d really hate for you to waste your time on ****3 that people won’t pay any attention to anyway, I’d lose a lot of sleep over that.....honest!
23p, it went higher dummy!
I hope no one lost too badly today. I posted twice on Friday to warn people that this share was issued at an IPO price of 5p, which was driven up due to demand to lead to the ridiculous price of 23p. The owners of the company value this at 5p a share, yet people were buying at 23p. I tried to post to warn people not to get sucked in by the rampers, and the rampers just reported my post to get it removed. Just please be careful everyone, no one on this board wants you to do well, these rampers are just here to make a quick buck and leave.