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Barchid there was a big article on this stock in SCSW, a very well respected publication. Worth the subscription imo. I got in after reading the article and have added since. This one has a bright future. DYOR before buying, but SCSW worth a look
Beyond that, no idea. Although the types of buy and sell prices that we keep seeing on a daily basis makes this a pretty much unique experience for me.
It continues to perform strongly in a selling market.
All that said, I took profits yesterday. And clearly have left plenty on the table for the next man too.
It will remain on my watch list though, although it gives every impression to me of having much further to run.
My inability to develop a 'feel' for this one, in part led to my decision to take profits. GLA.
As a recent buyer I am a happy holder, but does anyone know what is causing this upsurge in the price, please, other than more buyers than sellers ?
At 250p + this is entering a new trading range now I think/hope.... so I see a decent opportunity for this rally to roll nicely on from here..
Here's to 300p ish here soon enough .. please
IMHO & DYOR
I decided to take profit and may come back if it retreats. Seeing that the new board member, whom has been with the business for 10 years, has zero shares helped me to make that decision.
Looks like it is going into orbit from my angle.
I agree. It is the type of action that I cannot really remember seeing before. And I am not an AIM novice.
Glad we have not sold off further today, but still sitting on my hands for now.
This one feels like it is either going back to 240p territory, or a further retrace to 180p ish. Quickly, one way or the other!
LWHL
SP volatility seems to have been triggered by the results. It was fairly quiet since the Ecotricity sagas.
There must be things happening in the background that will hopefully be transmitted soon.
Volume has been increasing but not enough to warrant these SP swings imo.
A.
Classic AIM mover, this one!
Give me low 180's/170's maybe, and my trigger finger will be very itchy :)
Never a dull moment on this one, it seems. GLA.
I guess it must have just been PI's selling on the news and in particular the H2 matter.
I fully expected to see at least one TR-1 by now. That we have not, might suggest I was right.
I was so puzzled by the SP action that I held off adding to my initial purchase.
I even kept on reviewing the company material, because I was starting to question whether I had misread something big!
Feeling less of a fool at the time of print anyway :)
If we get a pull back to around the 200 DMA on no company-specific news, I will probably take that planned second tranche, but given my complete inability to read this one so far, I am going to sit and watch where this one goes for now, not add further at these levels.
If it rips on to the year high with no pause, all well and good though :)
Also happy to be baffled LWHL. There doesn't seem to be any material institutional activity. I have never before seen a profitable, dividend paying, company that held its entire market cap in cash. And seems to have a good future (takeover permitting).
It was also mentioned positively in the current issue of Small Company Share Watch, which has an extraordinarily good record with small cap companies - I think some of there subscribers are quite wealthy so they may have been buying. It is where I picked up the situation.
Im in,, net cash alone is similar to the value of market cap
If only other UK companies were like this . Most of the bottom feeding catfish are waiting around to find out if they can squeeze yet another fund raiser out of tearful holders.
Hoping this just keeps giving.
I'd go as far as saying this rally is starting to get interesting .. (250p + would be a meaningful rally here imho .. potentially moving into a new trading range then...)
( Got this as a tip off a mate recently and so put a small placeholder bet only .. towards coming back to later in year.. but have felt compelled to add some more a few times thru this week.. bringing up my average price a bit too through .... so great if this rolls on 250p + here smartly now ... very please... to make this feel meaningful to me in a bottom line sense as well as a potential new range trading sense .. )
Results do look good. Been eyeing this one for a while as it has similar traits to Yu group.
Seeing some of those delayed prints, I am finding the price action here unlike any other stock that I think I can remember being a holder of.
Not complaining of course, because it makes my paper loss far smaller, and my initial purchase look far less childish!
But I admit to being totally baffled right now.
Anyway, happy to continue being baffled, if the SP continues to behave in such a fashion.
Something a bit different anyway.
Much better timing than my entry, Monty!
Even allowing for the H2 projected loss, I still thought those results merited at least a test of the year high.
And I am disappointed with the lack of inside buying, which I do not think is an unreasonable expectation, all things considered. Not least to try and persuade holders to stick with them, rather than take up a future offer, should one arise again at some point.
All that said, and even though I am currently underwater here, I am willing to be patient, subject to the obvious caveats. GLA.
I have just bought a position for the first time. I therefore agree the share is undervalued, so what were the factors I considered before taking the plunge?
Bear
1) The main one is the volatility of trading , although the first half was a bumper result the second half will show a loss! The markets should be calmer now but that is a scary swing.
2) The supply business, which is over-regulated, capital intensive and low margin is to be taken over with supply services, which is a much more interesting market. At the moment however the latter is only a small part of the total.
I suspect the market will warm quickly to success in growing this aspect of the business but we probably have to wait until this time next year to really get a view on that.
3) The universal determination by companies to show top ESG credentials may be fading. However much of the GOOD business appears to be retail - the pro green consumers remain very pro green.
Bull
1) Huge cash pile to fund the planned expansion into services. This is exactly the sort of firepower that inhibits many otherwise good AIM companies from achieving decent growth. In the short term it should also produce a decent interest income.
2) I watched various presentations and you tube sessions and management impressed me as knowing their space well. I also appreciated their up front management of expectations and willingness to sacrifice speed of growth for quality. I guess in the short term they can afford to let the results do the talking.
3) Zap Map might be a goldmine - unless Google add the function to their Maps app.... :-(
4) Possible renewed takeover activity.
Disappointed not to see some inside buying by now, to be honest.
Tempted to add a few more, even without the above, but this one is just a falling knife right now.
Needs to stay above the 50 DMA, even if getting back above the 200 DMA seems unlikely right now.
I appreciate this is a risk off market at the time of print, but this is silly now!
Come on BOD, I know you have plenty of options you have been awarded at low prices in June, but give holders a reason not to back another offer from you know who, this time around :)
Those were my thoughts too, NotBot. In fact, given the macro and credit environment today, IMO they might even be able to secure sufficient backing at a lower offer price than 400p - although perhaps also for those same reasons, they might not have the appetite to do so right now.
Anyway, in spite of what I thought were strong results, we still seem to have a seller, so guess we are just going to have to sit back and watch this play out. GLA.
@LWHL: Given that Ecotricity has tried to muscle in on the board (2017), make a takeover bid (2021), and retains 28.1% of Good Energy's shares ( https://www.goodenergy.co.uk/investors/shareholder-information/ ) I assume they still have a very active interest in the company. With the current price well below the September 2021 [failed] bid price of 400p / share, I feel the shares have a floor price close to the current price in the 'threat' of Ecotricity once again making a takeover bid: They remain in a powerful position to do so with that large shareholding.
Do any LTH's think that this company might remain an attractive acquisition target, or did that die off with the failed Ecotricity take over attempt?
With such a large holding here, I am surprised that they did not simply buy the relatively small remaining amount of shares and force a takeover. Even cheaper shares today than back then, from what I can see, but equally, I would assume it would have happened by now if it was going to.
So, perhaps they are happy to sit back and take the (small) dividend and hopefully capital appreciation on the SP too?
£100k sell just cleared. Should move up now
Just watched it now on youtube. The Investor site has still not loaded it.
It was pleasant enough, although the sell on news curse has obviously struck here. Not helped by fears of these results being front-loaded, even though he said they will still be within guidance.
Will be interesting to see if we stay above the 200 DMA.
I would like to see some inside buying, now the window to do so is open.
Subject to the obvious caveats, happy to hold and watch things progress here, but not going to add without inside buying. Would also like to see the CEO do more interviews in the coming days, to hopefully drum up fresh investors and help clear out those who are still offloading here.
Must admit, was expecting a better SP performance after that RNS today. First time in a while I got spiked :) Hey ho and GLA.
Winter not far off......
buy Good Energy to offset the bills, well that's my theory.