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I 'think' it is just tech stocks in general falling.
tech stocks are priced on future profits and now the market is getting worried about inflation those future profits are reduced.
If it was just us I'd be more worried, but nasdaq and other UK tech stocks are down the last few days too.
Don't know when the bottom will be, I don't see mass inflation but do expect there to be a spike when countries reopen so may not have a bottom for a couple months. Probably should have waited a bit before buying more here but looking to set another SP level so if it hits that I'll look at adding more as the company fundamentals haven't changed nor has the industry
I think that was a very wise purchase!
Yes it's annoying when your timing is out and you buy just before a slide in the share price. But my investment plan for PRSM is to hold for 2 years+ so plenty of time for recovery. In fact, I bought another 1,210 shares @ 1,239 this morning.
I bet today hurt?
Added more to my holding this morning - another 657 shares at 1,521.
Thanks Chestec.
It’s all sounding very positive and I’m here for the long haul.
Very best of luck to you
@Bertie hold on to your shares and wait - this is a great British tech company with massive potential. I see this dip as a buying opportunity and have bought shares in PRSM last week. The market opportunity for them is huge and growing fast, and they are undervalued compared to their peers in the USA. They need to move to a cash break even point asap, but last year's results show good progress towards that goal:
Recognised revenues for the last financial year increased by 46% to £141.4m
Recurring, subscription-based, licence revenue accounts for 98% of the total.
The Group plans to reach cash break-even by the end of the financial year ended 31 October 2021.
The FY20/21 pipeline is stronger than at the same point in 2020.
Thank you Bob. I will hang in here.
I think technology shares are out of favour at the moment. Especially with the bad press Facebook is getting (Australia). Lots of money is going to cannabis stocks and other meme trades. Give it a month or so and I think their will be improvement here.
Hi
Does anyone have any idea why this has nosedived. I have tried to look for a reason but have very limited knowledge regarding shares. Thank you in advance.