Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Good afternoon, I hope you have had an enjoyable Christmas. Personally am glad the markets have reopened. Yesterday's activity had me topping up again, while the bargain shares were still available. Though surprised to see the rise this morning. The fact that the price has been abruptly lifted suggests that the surplus shares are now in investor hands. That could mean that the two 600k trades as detailed in EyesOfBlue's post, were indeed matched trades as suggested.
The incidence of numerous 5 sells and then 7 sells (rather than 6s), make it a possibility that the games are not over. If so we could well see a temporary 2p fallback. Have got enough cheap stock now, to be satisfied in any case. Reminder xd Jan 6, registered Jan 7 and pays Jan 17.
Once again all stumbling in the dark guesswork from me, though still remain confident for the future of FCAP.
The buy had just come in:
22-Dec-21 08:40:47 27.60 90,000 Unknown* 24.84k O
I've been buying on this dip but there is no point posting here until we get news because as the lack of buying will drive you all nuts.
We need the story tellers to come but the media will be reluctantent at such a small market cap. The dividend should compensate for the waiting. It's a very long way to a main market listing from here.
Good morning, saw those trades last night, had me wondering. There has been a seller, who has recently been selling blocks of FCAP following any decent buys but a bit more, depressing the price. Before last night's evidence, I was wondering if FCAP was being shorted. Now it would appear that the seller needed to raise capital by the year end. If they were matched trades the deal would probably gone through at a higher price, otherwise we could have a reluctant purchaser, who agreed only to buy at a discount. Or possibly the market maker has got them and is seeking a large buyer. We (private investors) don't know, all guesswork, best to see how it plays out, there may be other late reported trades to come.
Finally topped up yesterday but not as many as I could have bought. Will keep watching trading, dull today, though that doesn't necessarily mean no activity. Still expect the price to pick up in January. Later next year, could well be wishing that I'd bought more now.
Hmm I really don't know blue eyes but agree now ridiculously cheap and I'm certainly hanging on to mine.
Actually, looking at the matching volumes, could these be some kind of matched trades? Ie buys and sells but not at market price? Do such things show on LSE?
Fever, if the delayed trades from yesterday reported just now are sales (at 25p surely they must must be sales?!) …. then we have no shortage of shares and have an explanation for why the shares are so ludicrously cheap?
Why sell now though? That’s just crackers Gromit.
21-Dec-21 13:58:08 25.00 600,520 Unknown* 150.13k O
21-Dec-21 13:57:24 25.00 250,000 Unknown* 62.50k O
21-Dec-21 13:57:29 25.00 600,520 Unknown* 150.13k O
21-Dec-21 13:57:21 25.00 200,000 Unknown* 50.00k O
by the looks of things, being trying to get shares but not working
*Buys!
Lots of strange transactions for 6 shares?? Also buts showing as sells at 29.5P
Looks like a big cup and handle to me. We’re now in the handle. Volume has been declining as the price reduces. Price is looking nice for some buying now. Offering a really good dividend at these prices so hopefully we will see some positive volume and breakout soon…. Seems to take forever to move anywhere.
Burg1: Thin trade before Christmas, potential II buyers working from home. Quite likely that investment decisions are being deferred until Jan. Enjoy your holiday, most importantly, wishing all good health.
Thanks for the advice fastduckharry
Like you I looked @ buy offer @ 29.5, topped up last week@ 32. Apart from staff share buy back, and being a penny share, I see no other negatives. Can’t see SP price staying in the 20s for long, but then I couldn’t see this SP drop.I average 34.5. Just wobbled coz I invested more than I usually do in a penny share. Time for another top up
Will hold on before deciding on a further buy. The intention is to pay 1.75p for the year, they have the cash. Therefore 29p a share returns 6%, most likely that the sp will rise before 6 Jan.
“worth” not “work”. Darned phone.
I just checked the prices on ii and snapped up another £1,500 work for 29.5p, below the mid-price at that point. Maybe it’s still being walked down (if indeed that’s the case?) or maybe it’s “dollars on the sidewalk” which is my opinion.
Mind you I’m absolutely dreadful at timing these things so prepare for 25p !!!!!!
I’m not advising anyone at all, but I’ve been topping up during this inexplicable drift. We go ex-dividend on 6th Jan (if I recall correctly) so I’m certainly not going to be spooked out by what seems to be the walking down of the SP on bugger all news and sod all volume !!
The Jan dividend is 0.6p per share.
It seems the SP Price, that staff share granted, and the buy back by EBT has had no effect on stopping the diluting on the SP price. Thought FCap had every chance of being a multi bagger. Having a bit of wobble on SP. Just Hold, or top up ? Or dare I say sell ! On small profitable company, I am shocked by sp fall
IPO 30 November 21 @145p - finnCap Nominated Adviser and Sole Broker
https://www.lse.co.uk/rns/GELN/admission-to-aim-and-first-day-of-dealings-64pup87fg4oqhcc.html
Already @200p now 205p to buy - This is a company that is attracting attention, potentially high growth with a need to raise more funding down the line. Potentially a good client for finnCap.
Just sat through finnCap's H1 Investor Meet presentation.
Not too long at about 38mins. Sam Smith CEO and Richard Snow CFO were representing the company. Went through the headline details and then the numbers fairly quickly. nb; Cash number end September figure, some deal money came through the first week of October just missing the cut off. Which brought us to the questions, which drew some interesting thought and comments going forward. (Questions not necessarily in the order below and wording not totally identical as no notes taken from memory but reflecting my understanding.)
Share price,undervalued: Both agreed FCAP was, without putting a number up. Iterating investment for future organic growth in all areas of the business.
Forward Guidance: H2 will be lower than H1 but our lower number should be no trouble. Could even beat our upper figure but that will depend on if and when the deals going through, get signed in time.
Regulatory Capital: Not a problem if it became a requirement for M & A. We have the money, some of our competitors in that area might not.
Acquisition of a Capital Market competitor: Not likely, can be a problem with culture, a management nightmare.
Are there decently priced acquisition targets: Always looking for a suitable bolt on company to expand the business. Plenty of good companies out there. Might have to offer an earn out to encourage and reward future growth.
Do you want to achieve a similar market rating to K3 (a client of finnCap): We are looking to diversify in growing the business into a professional services company, producing more regular financial streams with both private and public companies. K3 is a very good company.
This is a good company in every sense of the word. Their genuine values in everything they tackle be it dealing with clients, looking after staff or even work in the local community, gives them a greater probability of succeeding long term. Shareholders just need be patient. That reminds me, Sam Smith said that the money we are growing will allow us to pay a dividend in a year when the numbers are not that great.
As I see it, Berenberg recently muscling into AIM, does not help FCAP in terms of market growth. The plus side is obviously Cavendish. How this side of the business fares next year, will be critical to FCAP going forward. That said, I feel the company is stronger as a whole, providing the staff can rise to the challenge of increased competition as a team. FCAP have invested for future growth. Let's hope it pays off, with the sp nudging towards 50p in the next 12-18 months.
GLA.
Todays results are a great read. lets see what happens. Revenue up, profit up, Div up. For those who remember paperback books - A Classic Jim slater share!
Fantastic set of results. Every measure up by over 50% … raised dividend … surely this share must get a re-rate soon? One of the many mysteries of AIM.
I assume Sam & Co will say more about expected 2022 dividends on the 18th as the previous RNS said this would be “later in November” ??
Should all be very positive and interesting anyway.
I might submit a question about the subdued SP. Would love to hear their take on this. Assume it isn't a massive concern or priority for them though.