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This had been my longest held share, I've made plenty off it in the past but got lazy and let it drift. I've sold out today in hope of making back the current loss elsewhere, gla to everyone else still holdingon
If they didn’t pay a dividend, then I doubt anyone would even bother with this stock. If you’ve bought a while ago, it’s the only reason to hang onto it.
I'm happy with the fundamentals but agree I wouldn't like to be holding from 5 years ago. It's only 2 years ago that they introduced the progressive dividend and although this years is still deferred it hasn't been cancelled yet. Nice to see an AIM company that makes a profit and pays a dividend... I've no problem soaking up the shares at this level.
This stock has been over hyped for ages. Just look at the 5 yr graph. Back then ppl were saying it’s cheap, but that fails to hold water now. They’ve posted some good results over the years, but none of it bumps up the SP. Needs a takeover to stop it bumbling along the bottom. Bad news will potentially plummet it..
What about it’s shareholders ?
yes sadly can see this going to 16p next!!!
i just think the company wasn't performing that well prior to covid-19. some modest recent growth but nothing spectacular. put it this way, they've got a lot of work to do to get the share price back above 50p especially with the backdrop of general economic uncertainty
On the contrary, thanks to the UK Government this company is well positioned to continue prospering.
The company has also removed their guidance for current year. Another red flag.
10p? Could be? Who knows. In general IMO the whole market is still overvalued. Businesses will be going bankrupt.
In latest trading update on 23rd June, "PBTE for the year expected to be approximately £3.0 million (FY 2019: £8.1 million)". For this company, a blame on Covid is reasonable? They might see some business increase in vehicle lending as public transport sector drops? But obviously not enough to overcome the decrease in other sectors of the business. I'm fairly new following this company so I'm sure you guys are better aware or more knowledgable than me.
But for me, I don't think it's the right time to buy atm, although daily RSI is below 20.
Any problems will be blamed on Covid so a true picture will be so difficult to understand.
could be below 10p by then ...
Late September
When do fy results get published?
Heading that way ????
Could see 16p again
Looks like a pretty and sensible decent update.. surprised there hasn't been more buying this morning.
I've got a few more today to lower my average a little bit
Good to see the share price ticking up a bit, hopefully we'll gather some momentum from here. Convinced there is more news to come ... but still waiting
Surprised that 20% Cloverleaf stake buying didn't send the 1PM share price rocketing. Good news for those buying in at these prices and Cloverleaf will sit and wait until they need to.
Hopefully now we are coming out of lockdown, 1PM will have a clearer picture of the effects and we will get an update on the deferred divided payment.
Maybe we will get a takeover if Cloverleaf build on that 20% stake!
no fireworks today then
They bought them from lombard at a premium.
Bit of an amateur question but where do they get that amount of shares from? Are they accumulated over a period of time?
They made an approach to buy UEX in April and the price went up quite a bit there, although nothing materialised from it. Looks like they've gone straight in with OPM though.
Interesting ... they're also in the lending game, and just rocked up and bought 20% of the company in one hit. i can't imagine they've done that just to be an investor?