Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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I think there taking down just gather shares of the weak...I tried buying could not get qoute yet I can sell any amount and they are paying above the bid price
Hi All,
This looks very under valued to me, but perhaps I am missing something? Yes they will have been effected by the current Covid crisis, but given the nature of the business, most of their staff will have been able to continue working from home relatively productively, the other staff were put on furlough, so I don't see a massive loss in production. As far as I am aware (again unless I have missed something) there are no financial difficulties for the company, so this should start to rise again at some point.
They also do a great deal of turnover from government work and there is likely to be stimulus in this area?
What are your thoughts guys? Am I way off the mark here and missing something fundamental?
Cheers & GLA
Yer not sure. Still based of the fundamentals it is very undervalued. They should make a profit before their exceptional items. So will just have to wait and see how their balance sheet looks, and hope they have an update on dividends.
Wonder if it is just being pushed down ready for another run up from mid 30s.
Now that we have broken 40, I have thought about averaging down, but concern that I'm catching a falling knife. Tricky finding where the bottom is these days.
Had to get some more when it broke 40. Am i correct in saying the results are on the 7th? Or have i just made that up lol.
Not sure, was up early doors, not a popular stock... doesn’t seem to take much to move it either way.
Nice Addition..
Shareholders
Name Equities %
Aberforth Partners LLP 22,336,235 9.76%
UBS Asset Management (UK) Ltd. 17,029,807 7.44%
Artemis Investment Management LLP 14,232,200 6.22%
Chelverton Asset Management Ltd. 11,650,000 5.09%
Montanaro Asset Management Ltd. 10,825,000 4.73%
BMO Asset Managers Ltd. 9,504,218 4.15%
Unicorn Asset Management Ltd. 9,000,000 3.93%
Dimensional Fund Advisors LP 8,482,890 3.71%
Norges Bank Investment Management 7,578,668 3.31%
Threadneedle Asset Management Ltd. 7,201,049 3.15%
Seen, just before half year reports... Very nice
Rwc bought 5.24 percent
Even if revenue does fall in line with expected (~18% drop i believe), the ~75% drop in share price is still to much. Reduced debt, seems expenses are under control, furloughed staff etc... Don't think they have used their bank facilities as of yet so that's a good sign. Hoping for some dividend news as well in the update, even if they don't restart it (may be prudent anyway).
Can only wait i guess for now.
It’s a bargain at this price. I know people who work there, they say the workload’s back to pre Covid levels.
Really being pushed down. If it breaks 40 may have to pick up some more. Still hoping for goodish news September (as good as it could be at the moment).
Bought few more today...expecting this to move soon
RPS this unbelievably low, cant quite understand as they have more work than they have ever had, with the Government works HS2 and the Stonehenge tunnel. They are taking a lot of people on. This share will easy double in 3 months.
Haha I bought just bit more than that...4591....will be more soon
Not one for technical analysis (fundamental man), however, it is following quite a nice linear range back up (wish i could send photos on here). Brought in initially around 36p but sold to early. However got in again around 42 after last week’s drop.
6 April - low ~ 30
30 April - high ~ 57
19 may - low of ~ 36
8 june - High ~ 65
23 July - low ~ 41
Next high ?
However, technical analysis is the same as flipping a coin, so who knows.
I myself was looking at sub 40 again.... got some in the 30s months back but wished I had not been too sheepish and bought more as this will get back to a quid by year end hopefully. Everyone who needs a new strategy needs a consultant.
banker, at 47.45p was that your 6 shares @ 12 ish today..... I agree one should go all in and not be too sheepish about it. B
Indeed. I don't think their Q2 report was to beleaguer compared to the rest of the macro-environment. Even if their y/y revenue drops, i'm sure their BV will be far about the current market price. Dividends may not return till 2021 - so be it, prudent to save cash, fine with me. Since the March lows its definitely trending back up - new highs, higher lows, just very volatility (all the more fun).
Exactly, Someone has been doing great research for RPS good need coming soon if this amount is involved. I’m going in early today.