Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I was unable to buy or sell very early today, and couldn't get a price at all. When I could I got a shock to see the share price down in the 230s!. I did see it recover (seemingly) so felt more relaxed - possibly an early tree shake. However, come 2 pm it was falling back again. I have been right through the RNS and can not see anything particularly worrying in the CEO report. However, the share price has not recovered during the day. I think the share price had got ahead of itself but todays reaction does seem to be overdone. No doubt there was profit taking although to have got anything decent ones timing would have had to have been flawless. The buys and sells todays are fairly equal, not that that means a great deal with the share price being where it is. However, had the trades been 90% sells to 10% buys then it would have looked even worse. Not sure what to think. Bought in at just about this level 17 Sep, so very disappointed to have seen it fall back so quickly. Perhaps there will be a rebound from here, emphasis on the word perhaps. it has been a pretty rocky road for my portfolio over the last 2 weeks so hope things have been better for others. Regards CM
A fairly bit of poufit taker......All a good it.
In it for the long run
Managed to pick a few of these up previously when they were near the 200p mark and have bought a few more today. Still think it's a good company but it had got a bit ahead of itself in terms of its share price. It's still early days as the company hasn't even been listed that long. Good luck to all holders.
Before investing originally would you not have checked the prospectus. Compeanies operating in different sectors have different p/e 's. Why wait for 200p when a director bought at 210p. Look at the big picture.
yes the comparison isn't particularly relevant considering GEMD is a cyclical & priced as such, but the fundamentals should always be the main contributing factor to the SP? and again, imo, the fundamentals of Kainos do not accurately reflect the price of the stock / MCAP in anyway. Growth rate is an estimate and difficult to predict, and the "growth premium" added to this SP seems to be way off. not trying to contradict, more opinions on this the better. I think I was expecting a much larger balance sheet :) I bought in around 216 & sold out today. If this falls closer to the 200 mark I would consider buying back in
You are comparing two completely different shares with one another. A diamond corporation and a software (tech solutions) company are (imo) not comparable in the way you have just compared them. MCAP is influenced by future growth prospects of a company as well as current fundamentals, something which KNOS has a lot of. I agree that it may have become a bit over-valued based only on what they have reported today, but considering where this company is going (US, Netherlands etc) i don't think the valuation is far off.
Just found this; http://ih.advfn.com/p.php?pid=nmona&article=69430856 Don't think it will be 2.50 for long. One to keep. Think the growth in business will be reflected in future growth of share price.
Im not sure why people are confused about the SP drop. just to put it into prospective, im going to compare the numbers to GEMD, another one of my investments. Firstly, Kainos market cap is a whopping 300mill which imo is highly overpriced for a company with an annual revenue of 60-70m p/a & a pre tax profit of 10-12m. On top of that you have net asset in the region of 18-20m. How this adds up to a market cap of 300m, I simply don't know. Obviously Kainos is priced for growth, but at this rate it would surely take the company a number of years to catch up with the current SP. Maybe somebody can shed some light on this & hopefully prove me wrong! just to put it into perspective, I will give some quick details on GEMD. Current Market cap for GEMD = 100m Revenue - 178m GBP Pre Tax Profit - 61m GBP Net assets - 240m GBP easily 5-6 times the profit / asset value for a third of the price. its safe to say, Kainos SP confuses me.
Its got to be the selling really, there's been a lot more since I checked this morning. 10% is a very large decrease based only on that though. As you mentioned Ormy it seems like some kind of correction to FV. I need to check all the fundamentals but potentially overbought, it has seemingly been constantly rising since IPO. Still no way I'll be selling here, if anything this is screaming BUY at me now. 10% drop seems wayyyy overdone to me and I can see it bouncing back quickly......
I have not fully read the results yet but thought they were very positive apart from they are in line with management forecasts, i think people might have been thinking they might report 'ahead' of forecasts. Some profit here but 11% drop appears very harsh but this is not uncommon in this market. Investec downgrading to hold from buy and having a price target of 250 has not helped as the price has been up towards 295! Cant see any reason to sell based on these results but might hold of buying more.
A bit puzzled myself, can't see any negative in the report. Can only think that the growth of the share price since the IPO reached fair value. The only broker forecast I can see is still at 2.50. I managed to buy a few more at 2.53 and hope that with a bit of profile the price will easily reach 3.00 within the next few weeks. Seems to be a good solid company with increasing market share, and feel 98% this is a blip.
Interesting to see this drop today on the back of this RNS, seemed very positive to me. Good conversion of new revenue to profit, new business succeeding in Netherlands, US etc. Links and recognition with Apple through various projects. Net staff intake of 70 people, reiterated broker rating of hold, dividend issue announced. Other than quite a large amount of selling activity I cant see why this has dropped so significantly, I certainly don't think the selling can account for all of it.....
Interim results due 23rd Nov
23?
£3 bofore 23.......