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Massive buy of one share at 4.15 It's a secret code to open tomorrow at 10p.
I'm sure you're right about the stop losses. So many sells at 2.5p in such a short time when it dipped. Just goes to show belt and braces isn't always a good idea.
I suppose some stop losses may have been triggered yesterday due to the large drop. I'll take the 19p target please.
Can't agree more! I've topped up this morning. This one is gonna go up to the 8-9p level soon or may be more, who knows?!
500,000 at 4p from 10:38 shown as delayed trade at 11:19. That should clear a chunk of the cheapo shares they took from people yesterday.
10:31GMT 11June2009-imJack up as Daniel Stewart says 'buy' --------------------------------------------------------- Shares in imJack are 2.8 percent higher, as Daniel Stewart initiates coverage on the provider of secure interactive web-based services to UK schools, with a 'buy' rating and 19 pence target price. 'By Sep09 imJack should address 900 schools, 3.9 percent of the UK total, providing web-based interactivity for pupils, teachers and parents in a single, secure platform,' says the broker. Daniel Stewart says it estimates imJack to be implemented in 7.7 percent of UK schools by 2010, when it forecasts the company should be close to breakeven, and 17 percent by 2013. Reuters Messaging rm://david.brett.reuters.com@reuters.net
Shares in AIM-quoted digital networking business imJack halved after it said that it required further funds. It will draw down the £500,000 loan facility from its chairman by the end of December. The company plans to raise money before the end of January 2010 and it will need the cash to continue trading I suppose the MM's saw this as an opportunity to price the company as if it's going to go bust whereas in all likelihood they will get further funding although I can't see them bothering with shareholders with the current price. It's not exactly news either. Wait for the announcement about fundraising and whoosh!
Aha, light dawns - I'd seen the Kwercus stuff linked from iii but missed yesterday's RNS (it's still not on the ImJack website) so was looking at old news. All well and good with the Kwercus plans, but no wonder market sentiment has wobbled with the financial update. The product's sound enough - now let's hope they come up with some workable plans to raise cash.
It also says they can still give them the option if the target looks to be met soon after the date or give them a smaller option by March and also that they agree not to sell them for 12 months so even better for the share price. I too am amazed that anyone would sell now. Buy high, sell low?? May as well hold on for a rise back and buy more to average down. Got to have some faith unless you know something the rest of us don't. Analysts say it's a strong buy and I don't see what's changed in the last month or so in terms of public news.
Totally agree with you mate! I was shocked to see rather than topping up, some people sold their shares around 2-3p! Probably its nothing but panic selling where MMs make money. My research shows sooner or later it will go up to the place where it belongs. So I think if you've some spare cash, top up, otherwise hold coz there is NO point of selling it now if you've bought around 8-9p!
Of course, they were hoping to get a bonus and some lovely cheap 7p shares. The 4,000 target was scuppered as the flu pandemic didn't really happen. I wonder what they make of their 7p option now that the share price is 4p??? It's all rather strange if you ask me & I'd have thought they'd just buy a load of shares at the current price instead. Nothing in the latest RNS explains the price drop.
It wouldn't have dropped that much due to the small dillution. I also think the latest RNS stated that they had missed the rollout target. The drop was based on very small volume. I don't know what's going on unless it's the MM's taking advantage of what they saw as bad news and people selling their shares for peanuts as they dropped the price sharply on purpose.
From the RNS of September 7th re Byron/Lilley/Richards aka TAS "TAS have been granted with an initial option to subscribe for 1,800,000 ordinary shares of 1 pence each in the Company (“Ordinary Shares”) (the “Initial Option”), at a subscription price of 7 pence per Ordinary Share. In addition, TAS has been granted an option to subscribe for a further 7,200,000 Ordinary Shares, at a subscription price of 7 pence per Ordinary Share, subject to satisfaction of the condition that the Platform has been installed in 4,000 schools by 30 November 2009 (the “Conditional Option”). Achievement of this condition would result in options over an aggregate of 9,000,000 Ordinary Shares being exercisable by TAS, equivalent to 7.5 per cent. of the issued ordinary share capital of the Company, as enlarged by the issue of the options." Is it coincidence that this sharp drop has come just days before 30 November? If rollout has been successful, TAS are about to get a big share option that's suddenly become unattractive at present. If it hasn't, they still won't be exercising their smaller unconditional option in a hurry. Was this drop perhaps anticipating a dilution in the value of the shares caused by TAS exercising their options? I wish I understood more about how this sort of thing works - maybe someone else has a perspective to offer? The RNS I'm referring to is at http://www.imjack.com/PDFs/reg_news/07_09_09_consultancy_agreement.pdf
Ticked up to 4.5p on L2 book. I think these prices shown against posts are delayed.
its 4.13p in yahoo and other sources, God knows y its still showing 3.63p here !!!
I'm amazed at the price drop so got some as a newbie investor. Looks like a bargain. Hope so anyway. Your trade may be on Plus.
Bought some more, but its not displayed here! lolz .... Hopefully Its gonna go upto 8-9p level anyway in two three weeks time as its a strong buy from all brokers! Top up time guys ...
I'll be more than happy if it finishes around 6-6.50p today! I believe it went down becuase they are implementing a new strategy to move on but to be honest, all the companies out there are doing the same. Sooner or later, it will go up! Fingers crossed !! :)
Upward tick.... 4.08 -4.95p.......
Promising.... Spread is now 4 - 4.60p...
200,000
@ 5p has just gone through....
This is what they are after: http://www.iii.co.uk/investment/detail?code=cotn:IMJ.L&display=discussion&it=le
I agree with you! It will go up to the place where it started. Just checked my HSBC broker comment on this share and its a strong buy! Its very surprising to see this huge drop but again we can see its feeling up very quickly. I guess all the companies do that to attract more investor. And I'm sure IMJ did the same. Hope it will cross the boundary and move somewhere around 10p soon. :)
to tighten... 3.91-4.70