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Some pretty crazy numbers here
£18m+ forward orders for 2023 already.
Mcap is currently under £2m and trading at all time lows... Yet in Nov alone they did £1.1m in revs
Unique opportunity and Director recently added taking stake to 29.5%
Thats some skin in the game and nice to see management aliogned with shareholders
Looks like it's moving already
There isn't really much stock about so a few small buys will get this moving up really fast
Dont get why the UT closes up by soo much...only for it to open back down again...Still will feel slightly better off looking at the closing price....haha...Hopefully wont open to lower on Tuesday Morning....GL All OF
3 decent buys at the end around 4.27pm @1.25p marked again as sells.
Looks like a 1.50UT to close aswell. Maybe a little false ha but nice to see going into the long bank holiday.
GLA for Tuesday
Good to see accumulation
I've just been looking on website and given the Mcap is under £2m its pretty incredible the opportunity here
They did £1.1m rev in November alone, a record month. Crazy given thats over half the current mcap. They have £18m+ of forward orders for 2023 so far
This is mega cheap
Multiples of market cap. Now that would be something
Just consolidating here around 1.2p ahead of a big move higher. The fact the Director took another £150k and holds 29.5% of the company is a sign that this is only going one way from here
I got that one wrong. Retail offer going straight in at 1p. The situation is less than ideal for long term holders who have had a shocking week but fair play to the BoD for giving the retail investors the same deal as the institutions.
Completely agree o think the lack of tradable shares down here next couple of weeks could see it north of 1.5p shortly
It will be interesting what the retail offer is later this month. I have a strong suspicion they will take the average trade price since the fundraiser announced yesterday, in which case the offer will be north of 1.2/1.3. It could potentially be much more if the SP rises over the next few days but that is yet to be seen (fingers crossed we see a climb as there are not many shares available pre placing).
Wow! I'm glad I got out of this when it was 5.75p It dropped like a stone over the last day. I may rebuy my original holding once it bottoms out for a pittance compared to what it was but currently its still falling.
Yea its getting ready for a move. Sub £2m mcap is simply too cheap. They are cashed up and for the next 2-3 weeks there is no stock about so should start to move higher
Yes looks like a strong start to the day - first 5 trades were all buys with the SP moving on very little volume.
Still not much liquidity at these levels, but another big volume day coming.
Could be a real big move to the upside. There isn't any stock given the GM isn't till end April so i would expect to see this break 1.5p shortly. Maybe even today
1.25p was the buy price for most of the day, even below that. I suspect the 1.75m was a buy
Shame it’s followed with a 1.75m sell at 1.25
Delayed trade of a million shares bought at 1.34p
Bodes well.
Agreed - at start of play the placing was for 1.5m at 1p - from a £6m mcap.
So yes, a massive discount, but actually only a dilution of 25% or so?
If they had raised £10m at 1p then yes - I get it .... But a drop to 1.2p from 3.5p is a total overreaction - especially when you consider the director has put cash from his own pocket into the placing.
True value here is 2.0 - 2.5p given the above.
‘Investing Genius’ forgot about the diluting placed shares which just about double the market cap.
Sadly the existing shareholders have taking a real kicking today, however, its cash in the bank for LST and the traders will likely push the SP back up over the next week or two taking a few percent here and there on the way.
The drop was pretty severe even for AIM standards so I cant see the SP staying at sub 1.5 levels for very long (if at all if tomorrow is a decent day).
Only off tiny late reported trades... A few 1.50's popped up throughout the day but I wouldn't pay much attention.
True spread at close was 1.34 / 1.22
A 10% spread is something the MMs will need to work out tomorrow to create some liquidity
Based on a 1.50 close, will almost certainly open up "10% down"
"This is only going one way from here"...
Until the year end results come out this month that is ;o)
Interesting how all the rampers jump on board at this sort of time in...
Hmmm!