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Fall overdone here IMO given NAV
One pesky UT after the close drops sp
Should open @ 1.8p tomorrow.
total Bu@@**** one trade negative out of all 20 Trades positive and shares dive
Think your correct lootgaloot , could understand if there was a drop in price when there was 100 traders , but two traders 1 buy and one sell at low value.
No indication on how big the fire was. Could be localised damage requiring a few weeks shutdown; or it could be total devastation. I think the RNS was written by this guy...
https://www.youtube.com/watch?v=1EBfxjSFAxQ
The difficult decision is which shares to sell to raise the cash to buy more BION. The spread on BION is too wide to trade so buying has to be a long term hold.
MMs trying to get some shares on the cheap , its not there only power plant so will have a marginal effect on turnover.
Also 90% of there work is services at present.
Yep and any spare cash will add , but markets been dreadful the last couple weeks so doubtful.
Only £500 of sale today
You gotta love a Friday afternoon RNS...
It's just as well that I see this as a long term 'green economy' share in my SIPP. At it's current market cap it will be volatile and I may even top up next week.
That should have been in the RNS. The market reaction would suggest there isn't one unfortunately. I was already regretting this Investment before that RNS.
Happy days.
It would be good to see if there is insurance in place to cover for the losses caused by this force majeure to the provider
I timed this entry badly. Should have waited.
sorry to hear that Hamodeh82 , im evens with just under 400k shares and will increase.
New direction of Bion is positive and fundamental's of direction of alternative businesses streams bold well
Fundamental is good.
COVID-19 situation is behind the next year decline in revenue.
Once it cleared and audit around Serba settled, we will see this back to 5p level.
Im here for couple of years at 40% loss but don’t mind it just paper loss.
Hi Panino-yes I am in a similar position currently, but largely in my SIPP so have decided to just hang in there.Good luck.
Hey Bwana, unfortunately yes. Lost about £11k here.
Not my best punt, but need to try and recover these losses, before I revisit BiON.
Perhaps closer to September, I'll take another stab.
Good luck everyone.
Well looks like you are gone now Panino!!
...first time I can get a live quote to sell all 637k shares.
To be fair there is massive strain on Audits at present and a fair amount of reporting scandals.
So if we have to wait for a Audit in the proper fashion then that is all good.
Across most stocks there have been delays in audits and the bigger the company the worse it gets.
Nothing has changed , we know that in 2020 revenue has increased by 310% ; we know that there a shift in direction to produce green energy and we know that in order of 70Million RM is owed to Bion ; this was higher but a sale from the debtors of a 2MW generation. Also its expected that more sale to Bion to reduce the debt.
Not to add Bion own green portfolio of generation assets.
CEO also bought a 20% in the company and averages now 26% ; a good pointer where this is going
We need compliance, not arrogance from directors. Adhering to the rules makes for happy shareholders. They are paid to do a job, and have a financial interest in it being successful. Simples
It’s amazing the amount of people that come on to tell you they are still watching from the sidelines when news isn’t great……would these people come here to tell us, oh damn,I missed the boat here if news was amazing,I think not!!!
#fullof****
It is a shambles and it's difficult to believe that a company cannot get hold of their own books and yet can still progress on other fronts, albeit slowly. Is covid a handy excuse? I don't know. The RNS was vague on several fronts.
I also still have this on my watchlist, and it looks an interesting company, but I'd like to give it a bit more time and see how it pans out first.
Hopefully the delay in the Audit will give them time to make sure it passes the smell test given Serba Dinamiks issues. If so, there will be definite upside, if not who knows. I would like to think they have learnt a lesson and should pass with flying colours.
"I have no idea where this goes from here. Could go either way."
Agree-very hard to call. This is largely in my SIPP, so have decided to stay invested and see where we go. The business strategy appears sound and I like the heavy inside ownership. However, agree with EyesofBlue...there were plenty of red flags yesterday.
Funny old day. Terrible Comms. Total shambles followed by a massive manufacturered drop by MMs.
I have no idea where this goes from here. Could go either way.
Well added another 169k of shares , major over reaction and naughty MMs dropping the SP to trigger stop losses
Relax, lots of companies are doing the same right now and initial market reaction is always down. Later in a week price is recovering nicely.