Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Talking about the Mrs i invested 10k @ 18p for her here a few years ago. Thank god she has no ideas about investing because i would have been divorced when we hit 4p . She has asked a couple of times i just say young company doing well but be patient never mentioned her 10k was now worth les than 3k :-) looks like she might be back in profit soon phew
Hi ALGU and P3T3R, Both of you, like me, are gambling on the AIM. We will never know if we're right until the 2nd dividend payment. By that time the SP will be ever so big so it won't really matter! However we live the dream! Well I am still dreaming anyway - my wife's teddy is now called Lyn!! But I haven't let her know yet! Mark my words - 2nd dividend!
Algu
When to sell is always difficult. It's nice to take a profit and hard to admit that we were wrong, but I take the view the you should always ride your winners. I have made plenty of mistakes, some of them quite large, but my winners keep me ahead by a good margin.
You need to do your own research (as opposed to just following tip-sheets) so that you understand why you are buying and the reasons for growth, regularly re-visit your reasons for buying to make sure that the sources of growth are still applicable going forward (or maybe different areas of growth are being nurtured). The share price is driven by growth (or expectations of growth).
Looking back I started buying AMS (which I still hold) at sub-15p in Dec 2006 when they were just starting to go into profitability. They went from 15p to 35p in two years and 90p plus in five years ... And they make bandages and medical dressings ... At the time, the reason for buying into AMS was they were just about to break into the US market with their version of a medical superglue.
So the possibilities here ...
Hopefully I am not teaching you to suck eggs, just trying to provide some words of encouragement. If you keep at it, eventually it will all make sense. It took me a loooooong time before it started to make sense.
It looks like that last/late UT trade at 17p has distorted the close price from the mid of 16.75p to 17p. It will probably appear like we drop 0.25p at the open on Monday but no need to panic about that!
A good week, well done YGEN!
some large buys again
Thanks Peter, v helpful. When to sell is a hard one. My personal view is I tend to sell out of stocks too early when they're doing well, so I'm trying to exercise patience. To give you an example (totally different to this company) I invested in London stock exchange in about 2010 for c.600p. I got bored after a couple of years and sold for maybe 10%. Now it's over 8000p...
now, I'm not saying I would have held it for 10 years, but YGEN seems to be the sort of company where everything is stacking up and a bit of patience might pay off...
Algu ... You need to take a personal view of the future that you are comfortable with. You need to decide what seems sensible for yourself.
At the moment circa 16.75p, taking a two year view, people are paying 56x projected earnings for 2022. Official forecasts are;
2020-03-31 16.99 -0.65 -0.09p 0.0 n/a 0% 0.00p 0.0%
2021-03-31 20.90 0.78 0.10p 144.6 n/a 0% 0.00p 0.0%
2022-03-31 24.73 2.31 0.30p 48.4 0.2 199% 0.00p 0.0%
There are some who view the official forecasts as woefully inadequate and project maybe 50% revenue growth for next few years. Lets say that you feel that +35% for next 3 years is very much do-able given the three pronged growth strategy, so 17m * 1.35 * 1.35 * 1.35 => Revenues of £41.8m for 2023. Forecasts suggest 0.2p eps for every +£4m revenues, so (41.8-17)*.2/4 = 1.24p eps (2023).
So, anywhere between 30x and 56x (because people are always forward looking towards the next year) gives a range between 37p - 69p for 35% revenue growth.
I am not saying that this is my view, but hopefully it gives you a starting point to try to decide on your own viewpoint.
Good luck ...
Share price predictions are only so helpful but has anyone seen anything sensible? Before the illumina litigation we were around 30p although I know there have been share issues since then etc. My average is 10p but I have no intention of selling out as it feels like we're on the cusp of growth and the company will benefit from the behind the scenes work of the last 3 years.