The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Back in the UK? None of the fair weather rampers came out today! Or did the SP retract a little? Never mind, I'm sure they will be back if the sun comes out tomorrow.
Strider There was also a £500k write off of software. So from the £2.8m reduction in costs £2.4 was for extraordinary items. In real terms #partygirl only shaved £400k from the costs.
Dont think there is going to be any serious rise or fall today. Its going to float on 0.17p to 0.18p.
A tad chilly in Worcs this morning. Off to check my chrysanthemums. Suggest a small rise today in line with yesterday. GLA
Hi Strider I am traveling so go easy as I am posting from memory here. My concern about the cost saving is that from the £2.9m savings we wrote £700k of redundant stock off, £700k was legal costs re- Fitbit and of course Paul Landau was being paid £500k. There was another extraordinarily cost that I do not recall. So I am not confident that they have the ability to actually reduce real costs as they state. Even if you are correct with a H1 T/O of £350k + new business of £95k and a loss of £1.2m things do not look healthy without significant change. J
Kingel Just what I was thinking! As I alluded to yesterday, I think Bez IS POSTING on HERE. FURTHERMORE maidit (lostit more likely) wants me to admit that I haven't got shares here! You nailed me there lostit, I am just trying to BIG MY SELF UP by PRETENDING to own FITB SHARES. Pay attention to what you RED, I ACTUALLY wrote NEW BUSINESS, not REPEAT BUSINESS SO MY £95K is CORRECT but please don't let any facts get in the way of your RAMPING. FINALLY, As a SHAREHOLDER of this company I AM ALLOWED to be unhappy at the absolute INCOMPETENCE that #partygirl and the #FBcrew continue to display. APOLOGIES IN ADVANCE if some of my CAPITALS were in the WRONG PLACE, Im not quite on your wave length (thank god).
Jilson, Losses were £3.5 million for the FULL YEAR, not just H2. So that works out at approximately £1.75 million per halfyear. But bear in mind that last year was one of restructuring and change. Therefore, we might expect losses to come down a fair bit this year. Let's say a conservative £2.5 million, assuming no major contract wins. that would equate to a loss of £1.25 million per half year. Since they raised £1 million about 3 months ago, I'd say there is at least 2 months breathing space before they might need to come back to the market...
JIL admit it you haven't got any shares in this otherwise you would have red the 3 RNS OF contracts this years and it don't add up to £95.000.....the first one was £60,000 the 2nd one was for £35,000 and the 3rd one was for £70,000...if that helps''' WHY MUST YOU BE SO DOOM AND GLOOM IF YOU ARE A HOLDER OF THESE SHARES..... REGARDS
COME on Jilson - YOU can seeee the big trades today THIS is GONNA BLOOWW!!! :-))))))))) pmsl
maid I've quite a few that I've held long term so looking for a rise eventually but just cannot see anything to justify a rise right now. This has only risen on news of a £70k re-order but remember T/O was down to £350k, H2 loses £3.5m and only £95k of new business so far this year plus they need cash so the next placement will sting a few here. I just think they may try to pump it a little longer until they raise some cash but it will settle at the same mcap as 4 weeks ago. Then maybe they can start to build in a more solid way. But then again this is Fitbug who have always threatened a knockout order and anything can happen! Good luck J
still waiting on .12P JIL you said it 2 times in your post have you got some or are you going to wait for placing @ 0.12P MAY NEVER HAPPEN good LUC any way REGARDS
Waver It is a tricky one to call right now. I still think they are playing it to get the placement away at the best price so you might still see some increase in SP. I'm thinking the placement will come soon though so it is all down to guessing the time scales they are working to. Really risky at the moment so I'm sitting tight as I still think we will see 0.12 again within the next 4 weeks. I've a good amount still so if your strategy is right I'm winning, if not I'll buy more @0.12. Good luck. J
Lol
was happening boss? any idea shall I sell got 20k on 16
There has been news ie. £ 70,000.00 contract (!). While still loss making I personally cannot understand the sudden interest and rise although not dishing it - trading the share as per usual. Sharp movement towards 1p will take something mega - small contracts will not do it gl (btw always nice to see several shares in ones portfolio performing well IOF-PIP-BIOM today so hope all have other investments performing well)
500%123
well done AC and all thats still in its going to be an interesting month of movement waiting on news to fly GLA REGARDS
Buys are coming in. Should pass .20 before 11
:)
people are still willing to give FITB the benefit of the doubt. Steady, albeit small, buys this morning.
Start of another week as an investor in Fitbug. IMO net gain for the week if no placing. jilson--can you book me in for two hours--thanks.
Happy Mondays, top band! Are you Bez by any chance? All pill'd and whizz'd up while posting your ramblings. Step on bro.
I hope you are correct. Dont mislead people. The chairman said that money is needed. You have no idea.,I am holding many multiples of your share holding, I have invested here by doing my research.,when it went to Ip, I sold up and made lots of money. I have brought back as it was going down. most of my buys were .15 to .12. So dont you worry .Hope it goes up next week. Good Luck to you.
hope you are in here JIL we are still 70% UP ON OUR LOW OF 0.11 THATS PROGRESS Depend on your buy in...you could be facing 0.35p by Friday there I have said it now DYOR happy Monday REGARDS
Don't get too carried away maid, the SP is lower than it was a week ago when you were comparing it to CTAG. I think your de-ramping worked!