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There are many reasons why folks selling especially after very good run....even if it just for hedging your bets sake.....topslice,and banking profit is never a bad thing....HOWEVER, I fully agree that there is so much more to come for holders here in the middle/long term.
GLA.
Out of the 42 trades today, 41 are showing as Sell and 1 buy.
I guess sellers are taking profits. The highest profit will be 300% for those who got in around 20p.
But why sell now as there is still plenty of upside. Or is it the case the sellers know something that I don't and the SP is permanently heading down and hence their sells?????
I am still going long until we see the next set of results or trading update.
I got in at 22.7p - de-risked at 45p and happy waiting for dividend payments to start up again. Company is doing great financially and expanding.
Last 5 days, SP rose by nearly 20%. Amazing. Do we think a pull back of 10 to 15% is imminent in the coming weeks or we are expecting an upward or sideways movement only?
My average is 23p....along with my strategy I could not resist a topslice last week (which I regret now....) but still keep my main core holding for the longer term as I am confident enough for re rating once we have the next results.
Potentially I am fully expecting the SP to be well above 100p before year end....as always IMHO.
GLA.
My average is 39p so I am also 100% up today. Still holding, at least until we get the results.
Not interested in selling. I like the CEOs vision for this company.
Onwards
Amazing - and moving today rapidly too as we pass touch 80p
Could and should continue rising all the way to results....will not be at all surprised to see circa 100p SP in the near term.
GLA
Hi Bob, it will cross 104p this year for sure in my view so your triple bag 300% is imminent. Well invested Bob. I am assuming that revenue and profit will be at least in line with the previous six months numbers. Also, CEO is keen on reducing office space as almost all the Ince employees are working remotely and this will reduce the costs which will also boost the profit.
Thanks APD - totally agree that this is a long term hold. I invested at an average price of 26p over August-September, adding buys as it went down in price and then held, obviously very happy to almost be a triple bagger. It looks like a very solid company and it felt inexplicably undervalued, I'm just trying to work out how high the price is going to go. Thanks!
Hi Bob, Simply Wall St has worked out a fair value of £16.24 based on its algorithms which is based on future cash flows Ince may generate.
On 1st Dec 2020 when the interim results were announced, during the Q&A the CEO expressed that Ince was at least 2 to 3 time undervalued. You can look up the SP around 1st Dec.
If you haven't bought this share, in my view, Ince is a long term buy even at the current SP as it may provide a 200% return over the next 12 to 24 months. Please be patient as this share even though listed on AIM doesn't move up rapidly on speculation like many other AIM shares do which is a good thing. Ince is a strong performing company.
Check out a couple of Ince's competitors and their SP in Simply Wall St.
1. Knights Group Holdings (KGH)
2. Keystone Law Group (KEYS)
Hope this helps.
Playing around with the Simply Wall St webapp on a free trial, pretty graphics. Their "fair value" of Ince is £16.74
??
Yes Tadders...long long way to go. One of those shares I keep in the bottom drawer and will get out for a look when we get to 200p.
This has got way further to go, still so undervalued vs its comp set. Long may the rise continue!
Quietly the SP is rising :) which is fantastic. GLA.
Very quiet here.....meanwhile the SP doing just fine and moving nicely now above 70p....
I think it still has more to go IMHO.
GLA.
Very quiet here.....meanwhile the SP doing just fine and moving nicely now above 70p....
I think it still has more to go IMHO.
GLA.
The next near term target is to break 70p and move to 80's....now very possible as mid 60's is the new base line...GLA.
Looking very bullish again. 70p by the end of the week?
Good rise so far this week.....my early 50's topup order from last week lapsed untrigered, and also missed the 55p opportunity (unfortunately for me...), but still happy to see my main core holding moving in the right direction....
GLA.
I'm still struggling to purchase anything above 20 shares...
I have seen shares behave like this before at the bottom of a big gap, tends to take 2-3 goes before they fill, this only needs some good news or results and will be at 84p with the volume
Agree Parnas. The MMs know it is undervalued but it is so illiquid it can be played with. Like you said, hopefully the bottom at 55p and we will fill that gap to 82p now.
Bought this morning but have been unable to purchase any shares greater than 5000 this afternoon. It feels heavily manipulated over last 2 days. 68p Monday to 55p this morning to close at 62.9p!!!!