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And the price is going down. I am so tired of UK stocks, they’re junk.
I thought there might be more buying this morning !
Excellent news.
Great RNS!
Https://www.lse.co.uk/media/SALT/rick-guiney-ceo-of-microsalt-explains-why-they-are-targeting-the-largest-food-b2b-manufacturers-66mp9ug6nr2vngy.html
Maybe someone can tell the CFO that the correct term is Spray Dryers rather than Dry Sprayers.
There is so much volatile because it isn't very liquid.
To get a good idea of the future market outlook oakbloke knows his stuff. Also, this recent interview with CEO Rick Guiney:
https://www.lse.co.uk/media/SALT/rick-guiney-ceo-of-microsalt-explains-why-they-are-targeting-the-largest-food-b2b-manufacturers-66mp9ug6nr2vngy.html
In particular i think the slide on the pipeline and where customers sit within that, after about 9 minutes is particularly instructive.
Https://www.foodmanufacturing.com/ingredients/news/22879341/pepsico-sets-goals-for-reduced-sodium-diverse-ingredients#:~:text=Sodium%20Reduction,category%20sodium%20targets%20by%202030.
Would be timely to get an update on the PepsiCo strategy to reduce Sodium
For good background, seek out the writings of OakBloke on Substack who has done a good overview, both as SALT and as a component holding of TEK.
Does anyone know why there are small trades on this stock (literally a few £)?
& why it fluctuates on such low volume?
I'm new in here and like the product......it's simple and pretty much does what it says on the tin.
Anyone have any clues about the future potential contracts and timings etc ???
JLB58 & Seamanp911 - I haven't forgotten. Indeed, that's my whole point. Tek has woefully mismanaged its exit strategy - both here & elsewhere. They could easily have constructed an IPO deal to reduce their holding % from day 1.
No rule saying it has to be 12 months. Yet that's what Tek - in its infinite wisdom - thinks is best. Well it hasn't exactly turned out that way for BELL or LUCY so far. And yes, I AM having another dig at Tek, because their management team has proven itself to be clueless. Why else would this be a single digit penny share?
What’s important is noting though that there is a recognition that people directory will struggle to reduce intake by themselves and it’s down to the big companies to take action……this is where SALT is directing its actions. Be good to get some news’s soon. 😊
No 5h1t sherlock
You can place multiple trades.
Not ideal
But the same will apply for selling
A limit on each trade
It's illiquid, tightly held, and moves on small volume
I’ve asked T212 directly and they are enforcing limits on me or everyone but it’s not clear they responded as such:
“Our risk department has introduced a new way to ensure a healthy market for you. They've capped the order size for most stocks to prevent any issues with price slippage or delayed execution.”
I find that disgusting that I cannot buy more of this because they don’t want me to.
Can’t be right? I’v just checked how many shares I own and it 4041 ?? 🤷🏼♂️
Hello, I managed to come in at the highest price a few hundred down at the moment. So I wanted to buy in some more to average down but on T212 it says I cannot own more than 550 shares. Can anyone kindly explain why to me? Thanks in advance
JL , he didnt forget it was another negative dig at TEK , he extremely transparent
Lordloadsoflolly - you seem to have forgotten that TEK has a 12 month lock in from the date of admission. Your last sentence refers.
For this, as was kicking myself missing out on the first wave of buying that went to 120p range.
Here's hoping !
Let's see how easy it is for those who sold and want to get back in. Any available volume soon disappears
Patience is the key here when news comes it is likely to be big and fundamental it will be impossible to get in with any volume. Market cap is currently very low given the size and scale of the market watching very closely as current price is tempting in my view
They're hardly likely to do a placing so soon after the IPO.
That would be commercial suicide.
More likely, as often happens with IPOs, the initial euphoria is wearing off and until new commercial deals are announced, things willl continue to drift.
Doubtless Tek will - as ever - hang onto its full holding until Salt's initial float premium has well & truly disappeared.
Puma don't please it can't be true !! , surely they didn't go to the same business school 🤣
I hope Mr Guiney has not been taking lessons from Clifford.