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Which [placing ?
It could be the bank releasing a few shares to satisfy the demand from PIs. It's good to see some real interest in this company, as it usually flies below the radar.
Await the RNS to confirm before getting excited just yet
...
they seem to have found some stock now so will release up the market great news
A fine set of results today. Profit has turned around, despite reduced sales. The business has been streamlined, the Placing funds used to clear debts and invest in the operation in Ethiopia. The BOD is being strengthened and IIs are behind the strategy of the company. Margins have significantly improved, and any sales growth should add greatly to future profits. SP up nicely today, but plenty more growth to come imo, as the company is clearly gearing up for volume growth.
NT still to buy £1k three putts you do your thing i will do mine neither of us know but the price is going up and you cannot buy so that tells me what i need to know ... goodbye
no idea, depends where their limits are set, but to say $10m of placing funds have cleared in a few months aint necessarily so either, and likely to lure in the unwary
well they aint selling are they cause you cannot buy a thing explain that one genius
lol NT to buy £100
$10m of placing since September and you think they have cleared - lol
NT to buy £500
NT to buy £1k
NT to buy £2k
i think you will find they have cleared
another I liked at 3.5p but sat on my hands..... lot of placees at 3.5p likely to keep this down in the short term imo
NT to buy
boom i am in on them results now do ya thing
Multi-bag today up 35% now!
Had a bit of spare cash, so I've taken advantage of the dip in SP to buy a few more this morning. A few small sell trades seem to have moved the price down in recent days. I believe this is one to buy and tuck away.
Looking forward to full year results (last year was on 22nd March). The financials will be distorted by the reorganisation, but we may well get some indication of current and expected trading. I am quite bullish here, as the maket cap is only £14m. The company has trimmed costs, removed most of debt, invested in taking full control of operations in Ethiopia, invested in expanding production capacity in Ethiopia and hired a good non-exec - all in recent months. Now that the business in on a stable footing, I hope to see a return to sales growth from new and existing customers.
Share price has been steadily moving upwards following the reorganisation last year. This could be a transformational year, as the operation in Ethiopia is built up. We now own 100% of the production site in Ethiopia, and the earlier share issue raised funds to allow investment in increasing capacity there. If the company builds sales and maintains discipline over costs we could see good profits made here. Good institutional backing here as well.
Another big step forward today. Buying out the other 50% of the Ethiopian operation will give Bagir full control of the profitable operation. They seem to have a clear expansion plan and support from Institutional Investors.
Agree an excellent appointment. The scene is set nicely for 2017. Can see multiples of the current share price
Sounds like a good appointment. Non exec director with good industry experience should help the business to grow. Bags of potential here and good institutional support. I tried to buy more today at 3.99p, but failed.