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I don't see this as a dilution. Ok, there's more shares in circulation but you end up with a bigger company.
This is just the usual lame response of the dysfunctional AIM platform .
This is one of the few shares that I hold that has always stayed above my buy price (first bought 2017), so with 11% down today and considering the purchase of Syntec Holdings at a placing price of 54p, I have bought a few more at 54.3p.
Shame that PI's won't get a look in, so some dilution here that effects current holders, but looking at the timetable it will be all settled before Xmas, quick moving indeed.
Once this year ends, the acquisition which looks on first examination, a very good fit for Eckoh, the sp should quickly rise to cover the loss from dilution.
Would still liked a chance to have been included.
Perhaps one should read through to CloudCall Group ? - a similar business - taken out by US Private Equity last night at 72% premium….
Just to point out that technical analysis of the chart has worked very well on this stock.
That falling wedge breakout was a perfect example of that pattern and then we saw the recent jump as a flagpole and after a tiny flag, it is on the up again.
I'm just offering a tip to those who might not have faith in chart patterns that they can be very useful, but it don't act too soon. Wait until the pattern is well-formed and clearly in effect.
Interesting formation on the price chart.
Could that little zigzag at the top of the spike be a flag forming - a flag to go on the flag ploe?
It is still too soon to say for certain, but if it is, then we can expect another jump like the one we've just seen.
Ignore last post. Interim update was on 2 November.
Nd
According to the IC we should have had some interims today.
Nd
You should see AUY for dodgy trades. Every day, dozens of trades go through with zero shares and having zero value. Today - one valid trade in this lot -
19-Nov-21 14:55:09 329.27173 0 Sell* 324.00 340.00 0.00 O
19-Nov-21 14:51:13 330.01334 0 Sell* 324.00 340.00 0.00 O
19-Nov-21 14:47:30 330.01334 0 Sell* 324.00 340.00 0.00 O
19-Nov-21 14:44:11 328.53013 0 Sell* 324.00 340.00 0.00 O
19-Nov-21 14:37:18 328.52271 100 Sell* 324.00 340.00 328.52 O
19-Nov-21 14:30:13 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:14 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:15 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:16 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:12 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:23 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:39 328.53013 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:34 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:24 329.27173 0 Sell* 324.00 342.00 0.00 O
19-Nov-21 14:30:06 329.27173 0 Sell* 324.00 342.00 0.00 O
A trade just gone through for 100 shares (a measly £57, even before dealing costs). Surely that can be nothing more than an attempt to tick down the price and encourage selling?
I missed that one, but at 59p I suspect it was a buy.
Any hunch on the later monster one 500k volume
tradeTime price volume tradeValue
2021-11-17T14:07:48.020 59 500000 295000
It's my hunch that that "Unknown" was a buy -
17-Nov-21 08:59:30 59.40 75,000 Buy* 58.00 60.00 44.55k O
17-Nov-21 09:00:11 59.00 75,000 Unknown* 58.00 60.00 44.25k O
This is a "Must buy" stock.
I would agree Noel based on todays price action and it certainly has had a rocket up it !
This breakout looks convincing to me.
That tutorial on falling wedges says "While volume is not particularly important on rising wedges, it is an essential ingredient to confirm a falling wedge breakout. Without an expansion of volume, the breakout will lack conviction and be vulnerable to failure."
Along with the jump in the sp, the volume in ECK has leapt, making me think this is a good time to buy.
I am not an expert, so please DYOR. Worth reading -
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:falling_wedge_reversal
Noel looks like it's still wait and see but evidence of life...
https://lse.swingtradebot.com/equities/ECK:LSE
Thanks Rooky, and your point taken too.
As I say, I am not an expert, it is just when the pattern is really obvious that I trade it. Sorry if I've just pushed this too much now.
NoelShempsky,
Point taken
Drat - that should have been - I'm not going to totally disagree with you.
and I'd like to add - as per your point, yes, when it comes to AIM stocks we rarely get clear patterns, so I can see your point .
Regarding "I do feel they are very little help when it comes to AIM shares" - you have a point Rooky. I'm not to to totally disagree with you, but I made a really good profit on ECK a couple of years ago when I spotted the double bottom reversal. The pattern was crystal clear and that is the key point. Don't trade uncertainty, only try to trade when the pattern is shouting out
This a point I'm trying to make about this falling wedge. Don't try to trade it until it is properly formed and certain.
Don't usually mention another IAM share on here, so don't take this as a push for the company mentioned, (hope no one takes notice of any such push from a holder of such a share), I was just using it as an example.
I won't pretend to be that knowledgeable re Charts, but I do feel they are very little help when it comes to AIM shares.
The reasons being, is that more likely than not, AIM shares are news driven far more than shares quoted/traded on the main markets.
AIM shares as we have seen over the last few days (Feedback) can increase by double digit percentages, something very rare on main market quoted/traded shares.
This shows how a chart for most IAM companies can be completely turned upside down on a ground breaking bit of news.
Could this be the catalyst for the breakout from that falling wedge? Time will tell.
That Stock Charts article has a warning about false breakouts, so I'm not going to buy just yet.
There will still be good gains to made even you wait for confirmation.