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I also have a target price of 200p but certain things have to happen in the next 8 months.
The NR contract needs to be secured on a multi year deal is one.
And the debt exposure needs to be reduced.
Then the shares will be bought heavily.
In the meantime I will look to add on weakness…
And have to decide if I push on to 10%.
Even after trading for almost 30 years I still find it hard to comprehend this current markets of daytrading and in particular people buying into a good stock then selling for a huge losses the same day. Whatever happened to the art of holding and making huge profits. People really are selling £20 notes for £5 here. I think the 15000 and 10000 though might be the seller in a RNS a while back, a stale seller who wants out regardless, see if a holding RNS lands, whoever that was selling 15k at 82.5p the buyers at 85p were grateful. We should never see those prices again this year unless more people lose patience tomorrow. 200p is my target and that is a modest valuation of around £4 million.
Hard to know whether someone would want to take over the company as it's tiny in the grand scheme of things, but it's got so much potential that it's a steal at the current market cap.
Well it certainly generated some fresh interest. I wonder what valuation they would have it was in the US. Crazy it's not managed to poke it's head about £2 million on this update. Would anybody launch a bid for this ?
PS..this presentation...probably a waste of time imo, it's not like the old days where there would be a flood of interest. So the house broker will say buy and set a high target like they all do but who actually listens these days. Saw one on another stock of mine, they said buy 27p target, it never got over 12p and still is below that
Agree, if you told me last night today update from Sal and Zed's £2.4 mil order would land this morning I would have thought I'd be a lot richer, instead I'm barely up a few k. That person who was selling last year might be selling the last of it today, they know results day is their best chance to offload some size and get a higher price for it.
Hi Davey - the AIM and nano cap markets are broken in the UK - and MM's are under orders to hold no stock and in many cases are happy to be short - so regardless of whether the numbers are positive to excellent they will mark the shares down where they can.
In the case of SAL today we have seen selling on the rise and looking at the prints we have seen more sellers than buyers (just) so pleased to see the shares are still up on the day.
There it is 15k sold at 82.5p, desperate, like selling your £10 notes for £5-10
If they are letting people buy at 85p when it was 98p offer earlier then somebody has sold or there is a order in.
Crazy markets, rubbish flies and anything doing well goes nowhere
A growing stock, trading well, profitable generating cash and holding net cash of £700k cannot be valued at £1.56 mil not that the mm's care, I bet they all open up unchanged from Friday, the first mm has opened unchanged
It'll be interesting to see how this goes, because in a normal market, this SP could easily double from where it is now!
So £1.56 mil market cap, net cash of £700k, profitable and cash generating and business performed best in 24 years come on market, there's stuff like Enet losing £5-10 mil and punters go nuts for it, this really should be re-rated but it's a traders market so unless it takes off will anybody take notice or care ?
What a absolute joke 75p to sell online and 84.9p to buy, no premiums to sell and no discounts to buy a whopping 10p spread online or 9.9p to be exact, these mm's are bloody criminal
Even better Omen after today's news, probably one of the best value stocks on the whole market. Seeing stocks with no cash and no business with valuations of multiples of this one
Ps very good omen they are doing a presentation too next Monday, looks like some good numbers coming. Given it's already incredible value it might just be a easy doubler this year
NT to sell at 75p but to buy we have to pay 82p I would be adding before results if it was not for this daylight robbery spread and limits by the mm's.
Too dull a share for this traders market. Perhaps results day in about 2 weeks time will change that again
Not sure how they have sat over 3% since the 21st December 2022 without reporting such.
But a 2nd holder with over 7%...
Another new major shareholder ???
People selling at 75p, I've just tried a buy and they want 82p takes the mick, mm's are unbelievably greedy atm
Wish I could buy more at 75p the way this little distressed seller is knocking them out 500 shares at a time NMS style.
3 weeks for results and we know they should be excellent
Well at least only 4 weeks to wait for these results. I bet it will be same as last time crazy for 1-2 days as all the traders pile in when seeing what great value they are, shame they will all sell out again or maybe it will push on this time
The shares do look cheap…
Valuation around £1.55m now against gross revenues of 6.62m.
Q1 looks healthy from a social media perspective.
And hence I have bought a few more.
All about 2024 now and driving sales and cementing profitability.
The online spread here these mm's are a joke. 75.1p to sell 84.1p to buy, taking the mick again. Good to see a major holder adding more and why not, the stock is a bargain
Nice to see some interest and 2 mm's move up to 80p bid today