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3 Nov from low 6p to 16 Nov to high 11p
Last week from 10p down
Today 9p below/ tomorrow 8p below/the day after 7p below Thursday results day 6p below then back to 10p again
Amigo just enough having big fun
Up down then down up and then ..................
I hope not if something miracle news to push share price to 18p
Imo
GLA
Sorry but why would it go back down to 6p...?
It was 6p a short while back when they’d just increased the provision to £150m+ and they’d announced that they were going to be without a CFO at end of November...
Since then we’ve had announcements of a really good new CFO plus several other really good appointments both operationally and non exec so I really can’t see why it would go back down to 6p..?
This hiccup is just nervous PIs and day traders who bought in at the bottom taking their profit...
People need to be a little more patient and give them at least a couple of months to address the issues so we can make some serious money...
It’s doing exactly what it did before the funding announcement and results last time. The difference then was we had the funding announcement followed by results and now we have results followed by funding announcement.
I still think it will dip on results .... but .... the shiny silver lining is look at how the sp behaved after the funding was kicked down the road last time!!! And it did 5p to 19p with JB offloading 1% a day so barring some kind of disaster I would hope to see a repeat but without the tracking back ...... after results and funding announcement that is.
Afternoon Fellas
I would lie to add that director share buying immediately after results would also be a kick up the backside for the price - nothing like those in charge putting their own money in to boost confidence!!!
Hey ex buddy
That would certainly be a good replacement to all the JB/BOO hype that helped raise it last time
Only better as it would be the team in charge :)
DH .... Please do not forget when i dropped to 6p a few weeks ago, not only had the provision been increased, we also had notification that GC was selling his shares. I think that spooked shareholders at that time more than the increase in provision.
Amigo is the worst small cap performer up to now - I think this will come back up tomorrow!!!
Expru mate , where's your confidence coming from ?
What goes down must go up logic I think. This aside, one thing that is different this time around is having a world class management team in place. Time will tell and I have been topping up today.
My confidence comes from investors buying on dips - especially when we are the worst today!!!!
Lets face it - we all know this will only shift one way or another on results and statements from the CEO. They will know by now the state of play and will want to support the report with news so the shareprice can be supported.
On the other hand, the board may want a big dip so they can buy in cheap!!!!!
Good Logic ,Lets hope your right
Topped up today too : )
Sounds, Seamus and Mark - we've all had a bad day today but tomorrow is another day. All our investments are expecting news and once the news is in then I'm sure the fog will lift. I'm not as upbeat as Mr Positive - that's impossible - but in the next few weeks I'm sure things will be rosier in the garden!!!!
Expru ... ooooooooh you cynic!
“ On the other hand, the board may want a big dip so they can buy in cheap!!!!!”
What a bombed out 5p share price followed by all the director’s buying to “show confidence” ? You’ll be suggesting next that they could see a couple of hundred percent uplift in the share price once the funding gets signed off!
I’m shocked you would even suggest such an outcome!
Mark - I didn't have you down as sarcastic : )
IF the NEW BoD wanted to buy in of course they would want it cheap!!!!!! It's not being cynical - it's being logical!!! (I'm a Virgo n we are logical folks!!!)
We need another statement to shareholders from Gary - just like last time when he took over - so we all know the state of play.
Ummmm thats actually illegal and rather obvious to any casual fca observer.
It’s actually not! Directors often buy shares when results show distress in order to shore things up and show confidence. The fact that they have a good idea/confidence the funding will be sorted is just speculating.
Franky - the board will have a Q2 report which is factual - it can't be manipulated - so after the report is released they have to deal with the share price that reacts to the report. They have no choice. I'm sure their preference would be a cheaper price, but if the report is positive then they have to get in quick as this price won't be around for long.
4tothefloor-it sounds like you are lumping Amigo in with this camp which I do not understand. Besides my plan is C. Continue buying in the near term.
What goes down must come up
Mary Rose
Farts in a bath
Falatio
Gerald Ratner
Lol! Gerald Ratner. Met him a few times. Not the brightest!
Gary said this would be number 4. Trust him : )
Sounds - my wife worked for a jewelry importer who supplied Ratners and because of his off the cuff remark, she got made redundant. She loved that job and was in tears when I picked her up from work to come home!!!!
4tothefloor.
NMC & Debenhams could go on that list! But there are lots of examples of spectacular recovery stories as well ..... so let’s hope!
Tradeuk. I think it was Peter Lynch who said directors only buy for one reason, because they know they will make money! But I’m sure GJ and the others wouldn’t be adverse to picking some up cheaper still.
Sorry to hear that @Ex. He really is/was a clown.
As far as Gary is concerned, my advice to anyone invested is if you don’t trust him or the board he has assembled then this is perhaps not the right company for you to invest in. Personally, I trust that he will sort this : )