Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Aside from the technical analysis - of more interest is the fundamental reasons for the decline in SP:
1) updates on financing have not been as "substantive" so far as the market anticipated ?
2) Market is pricing in an equity raise to cover the intermediate financing ?
In David Hobbs we trust.
If it breaks the first resistance which it should do as the bounce could be hard then I see 27.7p as first resistance of note.
Just bought at 23.96. I checked the amount and it was 23.945 then rechecked it 20 seonds later and it was the slightly higher amount. Either way, on balance this is a great low price for buying!
23.8 hit, should bounce and rise from here
Said it was going to the 24's unfortunately its got there whilst still not being oversold (RSI @ 37), thus I expect it will hit the double bottom in the 23's before a bounce.
Certainly a lot of MM playing with the spread to entice the trades they would like.
I believe david mentioned a webinar end of june
being this week for a full funding update and possible mention gas deal update hopefully
really need a kickstart now and program of times dates and schedule once we have stage funding in place
need to see us back over £1. at least
even the
Are we expecting an announcement from AGDC soon (in July?) relating to funding for Front-End Engineering Design (FEED)? i think they are looking for $50m
Alaska LNG agency and energy exploration company take early step toward a gas deal
https://www.adn.com/alaska-journal/news/2024/06/18/alaska-lng-agency-and-energy-exploration-company-take-early-step-toward-a-gas-deal/
If they have (which is pure conjecture) that’s great news! It means that they no longer believe in the short so great news for LTH like me. I’d love them to get burned but I’d love money for me first!
They've manufactured their get out of jail free card. Constant downward manipulation on low volumes. LSE toothless just like the SEC
Feels like Mangrove are being given a get out of jail free card with the way the price has moved over the past few days.
No invite yet?
Lord Spencers last disclosure was just over 7%. If he is only required to update at 1% increments a TR1 may not be required.
16,701,233
https://www.londonstockexchange.com/news-article/market-news/aim-notice-20-06-2024/16528821
14:26
Tr1 due from, on or around tomorrow Brom
"Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM at 8.00 a.m. on or around 20 June 2024."
Perhaps he'd like to recall his short loan from Mangrove.
Surely if it was Michael Spencer we would have by now seen a TR1?
if we are attracting new(other) investors able to purchase large tranches of shares probably all to the good in any case.
Around mid to high 24's, long term 61.8% fib sits at 24.6p but could go much lower as RSI is a long way off from being oversold yet and ADX daily shows no strong indication of trend.
Support? No idea , I’ll leave that to the analysts. I bought at 27p. I’m not a day trader but confident that we’re going to see a significant tick up in the next two weeks. Canaccord risked target is 90 p and unrisked is 263p
Where do you have support at?
Will wait for it to drop further, not on support yet.
Great time to buy more atm!
In US it settled right on the 200MA... .347
Close on the low of the day, hmm - looks like it was attracted to that double bottom at 27.1p