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Either analysis talked here is wrong or the market has got this wrong
Is there a large seller keeping this down ? If so then it should rise must higher on clearing
Let's hope it will be different this time....
Seen ITX I used to call it "itsacon". It shares have soared/spiked recently after a positive trading update with market cap now £32 million with $10 mil net cash, showing growth but still not sure if it's making a profit.
Just shows you are better off loss making but showing growth than raking in profits and having a bundle of cash like OPG does. 10.63p to buy now is this the bargain of the year/decade or is there something we do not know. Tbh I've seen this situation numerous times in OPG where it's total friendless then results or a trading update comes out then suddenly everybody sees (again) what a screaming bargain or great value it is and piles in but sadly only for a week max then it fizzles out again as traders move on.
And still people sell ???
This is what Warren Buffet has to say:
“The stock market is a device for transferring money from the impatient to the patient.”
I for one do not intend to get bored and sell in frustration. Perhaps have a look at TMIP while you are waiting....
It really is groundhog day with this stock, thankfully trading elsewhere keeps me alert while we wait for the update but it looks like I'm just seeing the same thing every day. Buyer gets stock in auction just below full offer, then a few people surely through boredom sell out around 10.7p and smaller pi's nibble around 10.9-11p so no reason to drop and no reason to rise the mm's make money every day from it.
Whoops...wrong board.
Probably applies to OPG too though. Time will tell.
I do often think of taking Buffet's advice, basically sell the lot and by an S & P tracker. Would probably have done much better than backing Hum!
Google S & P 500 and look at the 5 year chart
?
Some buying pressure this morning? To my layman's eye, it looks like it. Hopefully will pop at some point soon
Good to see a 50k buy on the bell this morning causing an early tick up.
We'd be better off selling and buying Sed, it seems to have a rising share price you have to be on the brink of administration or similar lose millions a year and have a terrible business....most importantly though now is DO NOT MAKE PROFITS ...that is the worst thing your stocks can do in this market, look at the daily top % risers 95% are total crap as Ratner would say...losing the will sorry...done this game so long 30 years never been so disillusioned with it
Makes no sense as we already have a good idea from BSE news
Cenkos on the lowest bid at 9.5p now , what do they know about the numbers?
Little bit light on the profit forecast Davey @£10million f/y profits will exceed £12million maybe hit £15million if the next round of prompt payments have landed.
Ps did anybody notice a dick buy in auction yesterday at 10.8p and then sell it in the market at 10.8p, wish all these traders would bugger off from a stock like OPG. Anyway as normal you can sell size at a premium they would love that especially mr cenkos who tells clients to buy buy buy while manipulating the price below 11p still, maybe that is a good sign, they know the results too like we do, they know the profits are exceeding forecasts and in the madness of this raging bear market and stocks getting battered trying to raise money here is a £40-50 mil stock with maybe £20 mil net cash now making £10 million profits....it's bonkers lol...deep breaths...and they chase up stuff like Renx same valuation just announced a 6 month loss of $19 million and is running of cash..
Probably just me but it annoys the feck out of me it opens up almost every day Red because of a uncrossing trade at a higher price at the close the previous day. It's like groundhog day. Just makes it even more depressing especially when other stocks with the most horrendous fundamentals are being pushed to the moon. I would love to go to the top % risers and see a stock up 100% and they issue a statement saying we are up this amount because we are a bargain, we are profitable and sit on a low PER and this should have happened ages ago but no, every day some of the worst stocks in the history of worse stocks jump 50%, they will never ever make a penny profit but punters chase them. I 'm never going to sell my OPG but I'm losing the will in this market, glad the gym is up the road I can take out my impatience and frustrations on the weights instead.
Well said !
Factors impeding my success in share investing include impatience, succumbing to FOMO, premature selling, jumping onto bandwagons, insufficient research, and chasing quick wins.
However, with my investment in OPG, I've been learning to adopt a more Warren Buffet-like ethos. Despite experiencing modest gains with my holding in OPG, I've developed a strong conviction in staying aboard for the long term. So the lack of communication from Gupta or the chairman doesn't perturb me greatly (though it would certainly be appreciated). The sound fundamentals of OPG means I will be able to weather the occasional market fluctuations with confidence.
Well what chance do you have with these mm's constantly manipulating the price. Cenkos now dropping the offer, they say buy these it's worth 27p and all they do is force the price below 11p none stop, maybe there is a delayed sale to show to warrant it. 6p to 12p but it was over 60p once and it should be at least 20p right now. I'm still confident that when these numbers are released it will go bezerk
Never replied to me either. I've even sent an email to the Chairman and nothing either.
Need to find out who is behind Prana GP Limited and Talisman 37 Limited and get them to start pressuring the Guptas to focus on share price as well. However, the reality is they bought in at January 2023 when OPG was trading at 6p. So within 12 months they have doubled their investment from ~£2.5m to ~£5.0m so don't think they'll care much if this moves sideways for a couple of years.
Have they ever replied to emails ? none of mine get answered. Maybe it's Cenkos/Cavendish who we need to direct this issue at. Mind you it's just a case of patience, when they do finally announce the numbers I still think it will spike big style
I tried to email the board about why results get released early on BSE but they didnt respond back
They should delist off the LSE it has no value to them
Actually it's worth looking at Mcbride today half year results which were excellent, £17 mil half year profit on a £150 mil stock is great and they have a pile of debt, the price closed at 73p and opened at 82p so nobody got anywhere near the closing price and it finished at 88p, only just read these results 5 mins ago so do not hold them. The point is OPG results smash anything on the market, I've yet to see any stock make as much profit v their market cap and have a strong net cash position, you can get stocks making a good % of their market caps in profit but they have a lot of debt too.
Sadly this is a completely different market to previous years. It's become a say trading market which means 2 things. 1 punters are not attracted to OPG no matter how cheap it is and 2...a lot of people that do buy tend to lose patience and sell the stock back to the mm's who can keep a price in a low trading range when they should be struggling to get any stock and force to adjust the price to much higher levels. At least the blatant shake of yesterday did not work, they only managed to mug a few small pi's and 42k's worth of stock around 10.65p today but there was 130k of buys..a quiet day but Singer switched over to bid from their pathetic shake attempt yesterday.