Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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And I mean sticking their hand in their pocket meaningfully not as a pittance gesture, when you consider the BOD consists of 5 directors receiving a total of £780m including bonuses last year, calculate that total over the demise of the share price since joining aim 5 years ago, and according to Stockopedia not a single director buy in that time
Indeed . Assuming the company remains solvent they should be filling their boots at this price. A reassuring statement might help. I'm averaging 30p on this but how long do you keep averaging down?
trouble is they're not averse to raising cash, they raised £2m in 2021 and with these recent shenanigans they could be having working capital cash flow issues. Now if the BOD could just stick their hand in their pocket and show intent instead of buying themselves flashy cars (it's historic) I might be interested in adding
Agree, bought a handful this morning, GLA
Apologies, the reference to lemmings was uncalled for. Anyway I’ve just bought 1k worth at 6.23p as I think it’s been oversold. A lot of the income expected in 2022 should be recognised in 2023 so it’s a deferral rather than a write off. Yes there is also a write off provision but that needs to be put in context. Does the RNS really justify a 50% drop in the SP this week?
To be fair, the market is a lot different now compared to 2021 and early 2022 so even good companies that are weathering the storm have seen the SP plummet. Investing is for the medium to long term. Also, it is unwise to follow gurus and seek out so called hot tips. Always be self sufficient, build your own knowledge and don’t follow the lemmings
I can assure you that ST has a lot of big fallers other than Kromek and Arix.
Thinksmart he was banging the drum on that as well, saying how the sum of the parts value was 140p (he was tipping at around 110p I think). The company was acquired recently with shareholders receiving 29p per share.
BATM Advanced Comms - ST once gave this a sum of the parts valuation of 170p (Aug 21) and it was down to 21p this time last month. Admittedly it has had a very strong last month bouncing back to 32p but even still...
52 Week High 35.00
52 Week High Date 18-Jan-2022
52 Week Low 5.50
52 Week Low Date 12-Jan-2023
Another primary bid disaster.
I suspect the company just will not communicate with him. The last rns talks about delays galore.
ST produces such a volume of tips, I'm sure some are just picked by a pin in the financial pages.
However PTRO was initially an Alpha pick for premium subscribers back in Feb 2019 in the heady days of 80p
Then over the subsequent 4 years, a further 10 buy tips! Starting with "repeat buying opportunity" @ 78p. Tipped again and again and still a buy in Sept 22 @ 23p.
The Sell tip yesterday seems pointless, just closing the door after the horse has bolted!
He has not just tipped this one, but has really been beating the buying drum . Despite all those tips the market seems to have consistently taken an opposing view.
Without that IC tip support this train wreck would of gone off the rails much sooner and faster I feel.
The only thing driving the share price this low is pi selling on the back of ST sell today. i bought on his very convincing buy and I am now 10K down. Other big fallers of his are Kromek and Arix. The problem is , ST overstates the buy and sell case in his articles resulting in over buying and over selling. Small companies are by their very nature risky and volatile. I am hanging in for the LT
Sold at 40 pence.
truly splendid ST tip this one
I suggest looking at cashflow, and the slight challenges they have on WC...but then i'm not the great ST
Agreed it is poor, won’t hear anything from him until the FY results I expected.
Absolutely cretinous. After the currency fiasco now this. Sounds like staff problems and the incentive scheme has diluted us further. Dont need Thompson to tell us this a train wreck.
Not to be a doomist, but if Simon Thompson at the IC announces that he's fed up w this company and is dropping coverage, this thing could plummet. (I don't hold the thing, for what it's worth.)
Been watching these and bought today at 12.47 at 12.479, maybe coincidence was a warning sign
**** timing
From bad to worse, this share is testing my patience. From the last two updates Q1 23 should be much improved but got a long wait until then
I emailed the CEO a couple of weeks ago without reply. Bad form. The trading statement suggested that EBITDA would be "slightly" below market expectations for the full year. How "slightly" is to be seen but the sp reaction is much more than a slight fall. Assuming no further serious deterioration then surely this company is worth more than £5mill. Could do with more contract wins to bolster confidence
The problem with ST is you can get sucked in with all the positive stuff but as we all know winds can change direction quickly. PTRO is my worst performing share but if it wins contracts outside of telecoms it could still be a winner. I am happy to stick with this one.
not sure where this has gone so awfully wrong, been patient for a long time and there is little to show for it. I have averaged down as I still believe it is significantly undervalued. Hopeful that the FY results will be more positive than the SP decline suggests despite the update couple weeks ago.
Funny how ST had a target price of 100p for this.
Requires lots of patience here. Current market disinclined to give it. Surprised the directors aren't taking the opportunity to add!
is all I am focussed on
he's great for betting against lol