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And then...
look at their attempts at crypto ie the plus one coin on advfn. That has generated zero income. I don't mind what they incubate Citygirl so long as it makes money and they are incapable of doing that.
It is an incubator for umbria and other crypto, defi, even a crypto marketplace like ebay, dyor dummy
I think its on its inexorable descent to 20p. Before you invest have a serious look. Its only real asset is its stake in advfn and that has never paid a dividend in over 20 years on the market.
Everything else is entirely nascent. Again have a look at its income. It hasn't really got any. Prospects ? Questionable at best
Looking at taking up a position in OBC, have I missed anything material? I see nothing new rns wise nor any stupid placings, the drop today seems steep..
Thanks Echo (I won't comment on the Bunnymen)
Few or none of us can be experts sufficient for every mkt situation. One apparent OBC bear in this thread was apparently bullish on another small cap stock recently...and just a week or 10 days later it pretty much halved in price before bouncing back some part of the way but nowhere near back to where it was. So yeah, it's a difficult game or otherwise (as my mum was always saying decades ago) people would not be going to jobs, standing at 6am on freezing cold platforms into packed, late trains or delivering take aways on bicycles in rain and snow. (Ironically, she did well when she dabbled in a couple of shares in the 60s or 70s!)
I don't know if I'm keeping OBC much longer or dumping it, because I don't know about the volume earlier this year being significant or just a red herring... but wasn't it about 2 million shares in a day or two vs the usual being far far far less? What the heck was that about?! Doubtful that OBC is prominent enough to get bought to that tune just on BTC remarks by Elon. And what about January's spike and 2018's? Probably none of us here know, and definitely I don't. I just wonder about that volume. If it was speculators, I suppose they are the sellers since Feb along with the lucky ones who bought very cheaply a year ago. I suppose time will tell ... I hope I'm in if it rises, out if it doesn't ... obviously :-)
Thanks for the feedback ADRIAN
I assume all your investments are instant sparkling successes ;-)
And yes good points Bennster and Ignorant. OBC has spiked a plenty over the years for a number of reasons. I’m happy to sit in this one and wait. Good luck
AdrianUK, did Elon and his Feb Bitcoin tweet push the price up of stocks like OBC in both Jan and Feb when it spiked, both times? And in 2018? Before that, I think it was circa Y2K when OBC or ONL as it was then spiked to 1200p thereabouts (or at least I think that was the price around about then in the dotcom boom when ONL was a games dev afaik, probably it was around about then I turned my nose up at a quite new little firm by the name of ARM Holdings !! )
On the face of it that might feel like the logical answer for some here.
I have a different view - whatever drove the rapid climb before shows that with the right stimulus a low market cap share like this could spike again with another catalyst (given the cryptocurrency ascendancy is still with us).
That gives us hope of another spike for reasons unknown in the next 12 months - and an opportunity to profit.
Nothing to do with what Bill and Ted here actually do in their garage with all the weed and pizza they buy with their placement revenue :-)
Before the massive share price rise, the company was going nowhere and making constant placings. Now reality bites, all those who bought in on the massive pump due to Elon Musk buying bitcoin, need to think wiser before investing in a sucker stock. Good luck all. AIM Stocks Guru.