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From LinkedIn:
https://www.linkedin.com/in/dyfan-t-williams-cfa-9aa0a117/
I think the large spread is due to low liquidity in this share. although there has been a small number of sells I expect there are people building a stake in INX. If you look at the recent TR-1 regarding Dyfan T. Williams, it wouldn't surprise me that MMs are holding back some supply to feed a hungry buyer at an agreed price, hence the MM taking the risk of accumulating for the buyer and not triggering a wave of speculative buys to drive the price up. We'll see in the next few weeks if another TR-1 drops, if it does than I was right :) Happy to hold my hands up if I've got it wrong, but I just get the feeling the tide is turning on this one. GLA.
Quite clearly some big moves being positioned (probably off the back of the expanding pipeline news recently). Loads of unknown classed transactions went through 27 to 28 Feb and price paid as high as 5.125 pence - tallies with TR-1 published today that Dyfan T. Williams has bought 1,350,000 (circa 54,000 shares) providing percentage of voting rights at 4.56%.
Buckle up and enjoy the ride, we are taxiing on the runway . GLA
Wanted to buy more but HL in meltdown when I try and buy - unable to retrieve quote. Must be a lot of action going on.
Looking good, nice rocket
This works on LSE:
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Apologies for my wonky rocket (Matron!)
2 x sizeable transactions dated today but poss from yesterday flagged as 'Unknown' - my gut tells me it's BoD buys, if it is then this little puppy is due a rocket
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Hi all. Good to see this dormant tiger springing back to life.
Lots of potential IMHO.
I understand your comment but the Chairman's statement from the Final Results does imply they are managing to stay steady for FY23:
"We have not needed further working capital support from our shareholders and, although cash is tighter than we originally forecast, we remain confident given our current projections for FY23 that we will not require further working capital to deliver on our growth plans. "
Unfortunately, until the cash is sorted this will only keep drifting down. It is almost insolvent based on the latest accounts.
Vol. Sold 29,636
Sold Value £832.39
Vol. Bought 122,844
Bought Value £3,652.48
Loads more buys today yet the MMs mark it down and wallop the spread.
Looking at the timing (circa 2pm) and price 3.50p my hunch is they were buys. Hard to tell though.
2 x transactions today (status unknown) at c£52K a-piece. I can't stand the suspense, sells or buys. Arghhhh, I need a beer...
In 2019 lots of the BoD bought in large amounts at 35p, they need INX to succeed and will be working their tails off to make it happen.
Covid slump affected INX like many other companies and it bit into them but their order book has improved significantly in 2022. If they can boost that order book into revenue quickly enough the 99K operating fund will be sorted, they have also pared their operating costs to the bone so the 99K will stretch further than normal.
2023 will see a long awaited correction in INX's fortune IMHO.
GLA.
I reckon INX could make for an interesting takeover target, it has a lot of IP invested in its software and methods using contemporary and proven strategic theories. Would be perfect for a larger consultancy to buy or even a conglomerate for their own in-house tool-set. GLA holders.
The MMs have a wide spread on INX, if they narrowed the spread there would be more buying which would give this share its required momentum.
!
Zero shares available
I fully expect the Board to turn up the heat and return this to 10p in a hurry
What’s comes first
10p nominal price or a takeover.
Either way buyers below 5p will be making a huge wedge
You were buying at 7p lol lol
It’s now 3p with bigger revenue figures,
You lose on every share you buy and every share you deramp goes up
Do more research and time your buys better in the future
You loved INX at 7p. Imagine buying at 3.5p with far better revenue figures. Lol lol lol
JL76
o boy, how daft you turn out to be.
I bought when INX had over £700k cash
now cash in only £99k, how long this will continue without running out of Cash?
don't confuse my buys with yours
Check your history Aimington chase
You were buying INX at 7p. Lol lol
Revenues were 50% lower then and there’s been no dilution
You really are LSE laughing stock. Lol
you guys missed my post.
I said had INX been an exploration company then placing would be inevitable.
however with a software application company Placings are hard to come by especially when nominal value is 10p.
uttrr crazy from JL76 to suggest anyone would pump money into this trash.