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Score there is an interview with one of the top fund holders Harwood, with Chris Mills on vox markets/directors talk. He thinks this is one of the ‘safest’ bets in the market and has earmarked at least 65p. So 60p is probably quite sensible. A lot depends on the next update particularly the possibility of a home diagnostic kit. If that is a goer they will quite likely receive a decent bid a little above that hopefully. Solid management team. The best bit is £600 million loss carryover from when they were Circassia, so they wont be paying tax till at least the end of this centuary! Gl
Lets hope 60p can happen that my target here .
As someone pointed out on adfvn news of home kits could be imminent as well as results update. Should push us up to another level and maybe that’s what is holding off a bid at the moment.gl diy etc
And a 700,000 buy at toof hurty. I dont understand how this relentless buying has nudged the sp up a measily 2p.
Uncommonly heavy trading last few days. Something brewing
Bobbling about. Might as well join the takeover party going on and join the others. Must be a bid coming:)
I see those blockheads on Simply Wall street are suggesting the director sales are a negative. They obviously havnt heard of share awards or that this is another tax fiddle, sorry options for directors. I dont have objections to incentivising directors but there are limits, or there should be
As I understand the options are exercisable after 3 years from now and then in 3 tranches once the SP has achieved, and held a pre-determined price, 55p, 62.5p and 70p.
Surely that gives Execs and incentive with the SP currently at 45p. Whats not too like?
They certainly know how to kick investors up the backside. 70p is an interesting target . Would that be the for sale price?
Great expectations.........................
Not normal. I suppose dodgy trading is normal. Lots of small bot sells interspersed with 20000 buys
No idea WTF that little interlude was all about. No RNS to explain the 7.5 million trade. Strangely the share eventually dropped back to that price of 45p. Looks like that was the last op to top up Thanks. Presumably normal service to be resumed.
Quite right; 50p yesterday, down 4p today. Crazy - but great buying opportunity.
As expected a lot of jiggery pokery going on here at the moment
I’m still contemplating buying more. Just want to let the dust settle, but only two weeks to results and I would have to liquidate something else which is doing as well. Some stock I have has virtually nil market at the moment. As far as I know the businesses are ok. The liquidity or lack of it is a real problem at the moment. The problem for managers like Mills operating in low market caps is there is no escape unless take over or multi bagger and there is not much of that at the moment. More people are worried about loosing their shares on cheap shot takeovers. Thats the plus side of big fund and director holdings. On the other hand lots of consistent small sells takes the sp down. Yet today we have seen some massive sells and the sp stays firm. Definitely not a level playing field
Of all the duff Mills/Harwood stocks I have - Niox is the only one (recently) in profit - and I actually sold some to buy more ekf, Renx, Vrci. Maybe not so duff after all. Interesting trades as you note oogle - maybe just cashing in on the recent gains. SB
Incidentally they still want 49.9 to buy
Blimey some even more decent selling . First 1 million and now 6.6 million. Must be brokers or is it something to do with capital restructure? Price seems to be holding firm but could do with an rns explanation please
Some decent buying to prop up the new level. Glad I topped up again last week but should really have jumped in with Stanley, but having to search the sofa for spare cash to invest! Having watched the Chris Mills interview several times I’m not entirely in agreement that this wont make 65p under its own steam. Its not cheap but should be an update soon which may reveal the interest in the last week. Plus if someone is going to make a move on it they would be wise to act pretty quick, once the Chinese get going on it I would have thought. Chris called this a razor blade stock, ie never ending recurrals on the back of the diagnostic kit, accelerating growth in two ways.
I couldn’t quite believe it myself. Have listened again and both Chris and Paul are laughing about it as an asset. ‘Really just £600 million tax loss to carry forward’ . Just shows how bad the previous incumbents were . Or maybe part of the cunning plan. The other thing that has happened since this interview is that China have opened up. So basically they can make as much money as they like tax free for years to come. As good as their own ISA!
I think the tax losses are £60m not 600! Notwithstanding, the company now has no debt and is generating piles of cash. It has a great product in demand throughout the world.
What more does an investor need coupled with an amazing chart pattern?
Chris Mills of Harwood Capital doesnt think this will make 65p under its own steam which is where all the extra director bonuses kick in. Very much looks like we are on the way with two consecutive highs. He also mentioned that under the old regime of Cercassia they have they have £600 million to write off against tax. Not bad for a company worth just shy of £200 million. Wonder if that can be carried over by a new company buying them out. Presumably this shift in sp is due to very good trading update, possible special dividend and a cunning plan
72000 shares at todays high is an ‘unknown’ trade? Go on Let’s take a wild guess then
Got this one right! A further consolidation pattern just completed; onwards and upwards today.
Quite a lot yet to come from Niox; fill yer boots.
Charles Stanley take 5per cent but no sp action , that happens with the big 100 share trades later!