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Getting a little bit of attention....
1.28m buys today v 27k to the sell side.
Mcap of £11.3m is still way too cheap IMO
Closed above the monthly 50MA yesterday! About to breakout?? Initial target 3.6-4.55p, that would seem like a fairer valuation ahead of more results in December. Not many companies doing a roaring trade this year but OCT have been bossing it.
Having a go at breaking resistance at 2.05p, once it gets through should see a run to 3.60-4.55p according to Hunter on Twitter:
https://twitter.com/confluencetradr/status/1326530120698507264?s=21
They do don’t they, interims to be released before end of Dec. The company are doing great business, with the volatility in the markets post September as well they are likely to still be doing a roaring trade.
These do look a very silly price. Interims next month too? Looking for a catalyst to push these significantly higher as revenues and profits look superb too.
Revenue of £4.8M & £2M profit in just 6 months! Superb margins. Cash balance of £6.5M. Mcap only £11.6M.
Cheap as chips
Think we could see the rise continue today, huge volume yesterday in comparison to normal which will be flushing the seller, should be trading far higher on yesterday’s numbers.
Strong net cash position over £6.5m.
as at September 30th 2020
This won't include the massive trading days in November.
Cant see why there shouldn't be a dividend this year. Even maintaining it at 0.1p per share is less than £600k out of the £6.5million cash pile
Despite having a seller in the wings it’s had a very strong day. Record volume and on the verge of a breakout on the chart, think we see another strong day tomorrow as people buy the disparity between financials and mcap.
I'm not too concerned if the dividend happens to be omitted this year as a number of other financial stocks have had to do, we could perhaps get a share buyback instead. The last 3 years of dividends have been a welcome boost for the holiday fund and not too much danger of that being required until next year now.
Amazing results £6.5 million cash £2.4million profits---that's for 6 months.
And only valued at £11 million
What will 12 months results be-could be nearly same cash as market value
LTH's invested in "pipedream" stocks elsewhere and sitting on circa 70% losses and here we have OCT -
Profitable YoY
Cash of £6.5m
No Debt
Paying a Dividend Yield of 5%
Well overlooked by investment community at large.
Seriously Undervalued.
Why won’t they ever close the spread?
The payment of a dividend, no matter how small, will give the company greater credibility, and should push the price up to 2.5ish. Even there it will undervalued, given the potential of the HK business. Two or three more years are required here.
NT to buy anything. Managed to get £500 on the bell but nothing since. Seriously undervalued company here!
Unbelievable figures. I’ll be gobsmacked if this isn’t over 3p today!.
The sp will double at somepoint soon imv - but I thought that last year. lol.
Hopefully get a Divi payment with all that cash.
Superb!!
Unaudited profit in UK of £2.082m; cash exceeds £6.5m. Loss in embryo HK business of £153k, with cash of £483k. "The actual results exceeded management expectations." Accounts have been delayed to nearer the end of this month. PER is 6.8 with 70% of the market cap in cash. Seems rather undevalued?
No Dave I very much doubt it.
Exstatex we’ve been through all this before with you. Yes I agree with you about lenigas and Donald strang. Being nothing more than pump merchants
And even though you are entitled to your opinion, the fact remains, you were happily ramping DOR a while back (another lenigas penny share)which is no longer listed on any U.K. market. Whilst slating DL here..
The big seller after the RTO ???try DL/DS making off with there swag.
Yes at the time like you I was disappointed with the RTO deal DL and DS negotiated on our behalf’s, as we effectively paid 120% for 100% of the company at an extremely inflated price, and I wasn’t shy about being vocal about it at the time. but what done is done.
However, although it’s not been reflected in the sp , Oct has come along way since then and continued to prove its value
And even though after 5-6 years here I’m still down on my investment, I have manage to get my average down to 2p and have money ready to buy again if we start to drift on no news and the spread ever tightens
Regarding divis, and what DL said.... he says a lot of stuff... why do you think he was booted off all U.K. markets... I think he’s ramping som new co in Sweden or Austria nowadays (you better go and warn them)
Will I be disappointed if we don’t see a divi this year?
No because there a lot going on in the world right now COVID, Brexit, trump election, riots in HK to name a few . would it not look silly to pay dividends now and later on start asking for handouts if things were to start to get tough for Oct , no harm in being cautious at times like these
IMO I would have thought Mr Gunn would want to pay them as often as possible simply because he get 50% of the pot..
Do I think they will take this private?
They would be silly to mistreat investors if they are planning to invest for others as a company ..so No I don’t
If GIS holds 8% of Inspirit Energy stock does that mean we should benefit from the rise in their stock today?
I said what I wanted but you ignore point entirely. Was it all organised so major shareholders could consolidate ownership back to complete control levels after the RTo. Was this the pre med plan all along. Pretend to be a public company with shareholders because? Getting some licenses required it? Lenigas ramped this as paying a dividend ,as being a genuine growth story to get involved in, that he'd checked and put name to as like a kind of 'lead underwriter' but G and B had other ideas all along. Cancelled div, stalled interest, consolidated control above levels that would have been permitted at RTo while keeping share price low to do do ( and someone immediately sold straight after RTo to help matters- I ask politely again if it was insider or strongly connected).