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Hi Xenor, I understand your resilience for not going in just yet as you put it and I quote:
"The way it is circling around 13p like bath water around a plug hole suggests to me that it will go lower.
There's just no bounce at all here."
I quite like your analogy and perhaps on the face of it, I feel a bit the same as you with that view.
But here are today's final trading volumes as seen on ADVFN.
4,985,939 buy
3,738,864 sell
48,065 unknown
@Beaxhfeont
I agree that it could touch new lows tomorrow and possibly new lows every day this week BUT I think the upside here is now much greater than the downside risk.
CPI has always been a bit of a volatile share that can move very quickly (your 16p to 22p rise being one of many many examples) - but I would have thought a multi tranche investment from here would be the best approach.
I don't believe this is going bust (otherwise I would have sold out by now) and - if you are considering an investment I assume you don't think it's going bust either?
Accumulating from here - in whatever small quantities - won't influence the SP but it could have a very positive affect on your long term wealth!
Good luck whatever you decide ....
I took a big loss around 16p, as it shot back up to 22, which would have reduced my deficit significantly. Like you however, I've been hovering,.wondering when may be safe to buy back in, and my gut would say even at these levels, it's still risky. There's nothing to suggest it won't stop falling. New historic lows tomorrow?
I haven't dipped in yet NoFear but it remains on my watch list. The way it is circling around 13p like bath water around a plug hole suggests to me that it will go lower. There's just no bounce at all here.
I think the buying opportunity will come soon enough, in the next month or so maybe. But I am underwhelmed by expectations for 2024. I thought this turd would turn around the August 2024 results but expectations following the annual results seem to indicate 2025 for the turn around.
There's probably an easy 30% or so from this level for those willing to hold but I don't see much more than that in 2024. 30% is a decent return but for me it's not the best short term opportunity.
Hi Trisor,
What we need to be aware that I also cannot see from my institutional investors platform monitor is the level of hidden shorts operating in the background that only the fca would had known and that's also would had being dependent if that shorting fund was submitting their opening and closing of their short positions within the recommended 'voluntary' two weeks period of their shorts opened, reduced, increased or closed.
If we looked at what has happened to the share price and the constant suppressed movements and its helding back from climbing back to plus 14p and beyond, we can appreciate that it would all be down to the recently shown 'new' short appearing today on short tracker.
That's obviously clear why the hammering has been so vicious and the truth is now in the open for everyone that understands logics and numbers and that 2+2 equals to 4, then here we have the facts.
Don't under any circumstances think or believe that the worst is yet to come. The worst has been dealt and today we can finally see who was behind the ball wrecking of the cpi share price. Nonetheless, don't expect the shorting funds to declare their next dirty tactics or even the closure of those shorts any sooner or even later than the Fca privately arranged and recommended two weeks voluntary email notification that they would normally have to voluntary comply with. Don't hope on it. They do as they please and the Fca are powerless on the matter.
Walleye Capital LLC 0.51% 0.0%
1 Apr 2024
WorldQuant LLC 0.50% 0.01%
21 Mar 2024
Marshall Wace LLP 0.53% 0.04%
29 Feb 2024
Total together '1.54%' take it with a pinch of salt
Is there a list of upcoming dates for determination of our key revenue targets for this year? There is a list of key targets in the presentation
I know stupmy, it's now priced and banded like an aim miner that is still 5 years off from making a profit.
I just looked that up JG and it seems you're right. Not a good luck for a stock mind.
Also an ex-employee and my only surprise when I joined was how had this company been so successful. The writing was on the wall when I was TUPEd in about 7 years ago. It was in the FTSE100 then, but it was just mismanaged. On joining the company I had an additional manager to report to - it was just a beaureaucratic nightmare. At the time the share price was 421p , 12 months prior to that it was 650p.
Since leaving, I have found that my personal data has been compromised not once, but twice.
@Culley-IHope this is a steal of a price. Quite frankly if the revenue stays stable and there arent any other one offs this will do a switcheroo..even on their own numbers during 2025 when they will have stripped out 160m of cost, probably reduced property footprint, no pension contributions ,cyber in the rear view mirror and a couple of big contract wins
On the face of it that should be what's happening but how many Ceo's are full of utter crap...a lot
Now officially a "sucker stock" according to stockepedia
This is either going bust or is an absolute steel of a price.
Having been consistently misled by JL about the true position I’m cautious but I don’t believe AH would have taken on a dead duck unless the situation was totally misrepresented to him, but hopefully his own due diligence would ensure he had a pretty godd idea of what he was taking on.
I bought a few.
The price is now sitting on the previous low of 12.8. Might be a speculative entry?
Capita might be the Humpty Dumpty though.
Nofear
The UK was doing OK until the US 10 year bond spiked this morning.
Seems UK is concerned about US markets than what's actually happening here.
Oops🤭
*cool and not cook
Hi JG68
Let's be honest, the UK stock market has come back from the Easter Holiday break with a that nasty smell of rotting egg and that isn't only for cpi but many other stocks too.
In the meantime, I would recommend to keep a cook head and let the stench pass through hopefully sooner than later.
Looking through the apparently seen trading volumes for cpi on ADVFN we have the following.
Buy 2,756,747
Sell 2,450,173
Unknown 29,726
Plus hidden trades to be shown after close of trading day(kinder)egg hunt surprise 'hidden' trading volumes.
Seems to have spent the last couple of weeks putting a floor in, still room to go a bit lower but hard to see much more
Changed approach to looking at this as a trading opportunity rather than long term investment but hard to see a short term impetus to rise without contract news
Well said AimMaster2018
Today tiny drop below 13p was what most hard to persuade punters sitting on the sidelines were hoping to get and have definitely got it with their holding back for a better entry persistence. I wonder if Xenor has decided to join Cpi or still looking for mid 12s share prices.
Anyhow, I've still go more than 1 week left to trial out my institutional investors grade monitor platform and have a look out for any changes from last week. Will report here ASAP.
Take it easy guys.
Catch you later AimMaster2018 🙃
It's accumulation phase for me. I'm happy for it to drift imho
I have a really bad feeling about this afternoon
After selling the family silver, the furniture went next. Then the floorboards were ripped up & sold. Finally, the roof was stripped & sold off & what was left of the core business was just a rotten apple unable to make a profit.
Trenners
Nothing like a kick in the teeth from the news update about how the software company swings to a profit 5 months after being sold by cpi.
I honestly think that JL has completely cursed this company.
I have really picked some dawgs to be prisoner to.
This and MCG, probably the worst management possible the last 3 years.
I regret the day prior to the results when I was about to half my holding at 21.7 and it quickly retraced to 20 ish in no time.
Would have had 150k at 23 instead 480 at 20.
And more free funds to put elsewhere.
@JG68
Without news this is just going to wallow in the early 13s and, if we are really unlucky, even in the 12s
We need an ICO report exonerating CPI over the hack, or a large contract win or two in the private sector (as there is always suspicion that Government contacts are won with low margins), a million shares purchase from CFO or CEO or both .... Or some form of black swan event (like a takeover offer).
Realistically I've given up any hope of a takeover - even at these lowly levels - so we are sat wallowing until something / anything happens!