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No, my mistake, a month or so. I might actually break even soon. Such a weird share.
Obviously when I say “month or so” I mean “a year or so” !!!
I topped up earlier as well.
ii got me £5k worth at 32p which seems like brilliant value. Will hope (!) to sell these at 37/38p in a month or so.
I’ve topped up / averaged down at 33p for the following reasons.
1) fundamentals haven’t changed, it’s just got cheaper.
2) weekly rsi now oversold.
3) hourly rsi looks like it’s is showing divergence against price
4) very close to 200 day moving average so would think that a good buy point for anyone considering entering the stock.
And now “stabilising” just above 30p. So weird and not a little disappointing. Certainly a dip but whether it’s one to buy on is a moot point.
May even dip below 30p at this rate? But what do I know?
Agree, case of buy on rumour sell on news. Think its stabilised at 37p now. Healthy company with anticipated growth. Economy will be strongest since US in the 1940s come next year so I'm keeping this one in the backburner
To me this company is on the up. No doubt given a push by the Covid pandemic but still accumulating some interesting clients, word gets around. On top of the decent numbers, today's RNS sees the CFO filling his ISA allocation with FCAP shares. Also transferring many into his SIPP. Always a good sign for me, so bought in today. Good luck to all.
I guess the market is concerned about the flat outlook for revenue growth. 40-50 million. To be honest I’m not too concerned about that as I was sort of expecting revenue to drop off a bit with Covid. If we manage to stay flat or even grow revenues beyond Covid then that’s brilliant.
Trying to use the staff costs (%) provided I estimate a worst case senario of 3 eps and best case of 6 eps. So today’s reaction may be over concern that eps might go backwards.
Against the current share price of 39p that’s a forward pe of somewhere between 6.5- 13. When you consider that over the last 4 years the eps has done 100% (25% per annum) one might expect the pe to support a higher figure.
This is before we Consider dividends and now we have almost 20million in cash and growing so there is very good potential for future acquisitive growth.
In my opinion we will see upgrades too expectations as the year progresses.
It’s certainly baffling ! But then FinnCap had already announced that the results would be this good so no actual surprise today really. I remember when itx announced excellent results several months ago, the SP fell 5 or 6% on the day then started rising a fortnight or so later. No idea why !!
Disappointing reaction from the market
Really fine set of results announced earlier. Revenue up 84% and a 1p dividend … plus a bullish statement about 2022. Couldn’t ask for any more I’d say. Hopefully a decent SP rise today.