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broken below £7 now. Looks fair value but it seems the market makers have plenty of stock. I wonder if instits are trying to dump and have a standing order to sell. The cap is still too high....competition is strong it seems.
This has become a disaster for many
52 Week High 3,540.00
52 Week High Date 12-Mar-2021
52 Week Low 675.00
52 Week Low Date 24-Aug-2021
Directors selling was the big clue.
626 to 655. Now that is some fall in price from 3540 since March. A real dump and looking oversold. My feeling though is that any rally will be quickly sold into. The directors have been very quiet
Agreed @barnetpeter. Someone is still selling in £65k chunks, so a potential rally could be futile atm. This is not too appetising against a backdrop of business uncertainty, a large spread and even a drop to the £6 line is 14% deeper into the red.
I think we may need to wait for the next update to see which way this goes...
MBO on the cards perhaps
DM....yes two £65K sells yesterday. It looks to me as if the seller is trying to offload daily and the MM's will take some every other day etc.
The mkt cap is still very high if the company is now only breaking even etc. so the risk is still there for this to halve again. A few director buys would help plus a further update but that could be poor. Tempted to buy a few at the £6 level if this fall continues because any positive note and we see £10 ......real gamble
MBO? Unlikely. They have made their hard cash when they sold out and we lost ours - big time. Trying to decide whether to dump at a 75% loss or hold on. The cash from that transaction will be pretty meagre.
I did buy a few and I added a few more today. It has been a huge fall from about £34. Not gone mad and still some leeway if the fall continues....and I accept the risk. But the next statement may show that this kicking is simply overdone. My average is just below 650p excluding the free ones I have......and this may be about the lows.
Share Price still looks on the high side, current market cap of £65million is some what generous.
@StanAccy you absolute clown, BOTB have £15 million in assets, are debt free, made nearly £12 million in profit last year and are on track for roughly £5 million profit over the course of this year.
In what world is a £65 million market cap generous.
Moron.
been watching this one........ bit tough there jeddy333....... I think no one knows what good looks like for this one at the moment.....its fallen 78% [from £30+] in 6 months....... lets wait for the next update before we start calling folks clowns ...maybe those that bought over £20 are clowns in some folks eyes.......it maybe seen that buying at £6.50 makes you a clown if this falls further........what is a clown by the way?.......... someone who makes you laugh I thought, not someone who has a view......... or makes the wrong investment decision.......B
@Jeddy333 you say - "BOTB have £15 million in assets, are debt free, made nearly £12 million in profit last year and are on track for roughly £5 million profit over the course of this year. In what world is a £65 million market cap generous."
£65m less £15m assets leaves £50m, if the £5m forecast can be grown in the coming years this is an opportunity, however if the £5m is declining YoY this is a busted flush?