Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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So this will probably take off now, but it seems to have stalled. Great company though and hope to be back one day (at hopefully a lower entry)
I didn't like those 2 RNS either - Sold half mine and for once I 'sold half on a double'. Still waiting on my big goldie - shouldn't be too long now.
Two red flags in one day. Firstly Chairman flogs 2m shares (not far off half his holding!) - NO explanation even provided! Didn't he also sell his options last month as well? Then 15 mins later the market is advised Richard Griffiths has reduced his stake by 1.5m shares. Very surprised the SP hasn't reacted more negatively.
Directors taking up their options at probably about 6p to 7p and immediately selling them all @ 16.5p Bit of a nice bonus but they've had to wait a long time for them. Think they needed to get the sp above about 9p or 10p in order that they fulfill the terms. They've done that and more. Hope this doesn't put rather a stop to our sp's progress. If 16.5p is good enough for them, maybe it will be good enough for a lot of folks. Certainly there is a lot of new stock around looking for a home.
On Aug 28th he likes us a bit more ! http://www.shareprophets.com/views/14605/zak-mir-s-great-request-show-churchill-mining-falkland-oil-gas-source-bioscience 22p here we come : "The favoured upside destination while this notional double support zone remains in place is the July 2014 trend channel top at 22p. This is likely to be on tap as soon as the next 1-2 months, with any weakness back towards the latest August support zone at 16p regarded as a buying opportunity."
Been watching for a while. Results convinced me.
Quiet but purring along (as I notice I said on 28th July too !)
looks like mms ready to let go
Quiet board considering amount of buys.
"Keep your head whilst all around are losing theirs" seems to sum up this company very well. Excellent results and, if the integration works, it's onwards and upwards.
Thoughts that may be of interest to those taking a look or holding. http://www.privatepunter.co.uk/Behind-the-Scene/sourcing-growth-4-august-2015
Seems like a good placing price now, whoever has taking it up. This share is quietly purring forward now, luvly.
"We already have quite an impressive chart configurations on the daily timeframe of Source Bioscience. This is something which is said in the wake of the post-autumn recovery for the shares following a bear trap rebound from the 10p level versus summer support last year at 10.5p. The added kicker for the bull argument to start 2015 was a recovery of the 200 day moving average now at 11.98p at the beginning of February. Since then the shares have been so strong to have not needed to test the 200 day line as new support, with the 50 day moving average currently at 13.32p doing the job instead. The hope now is that we have seen the floor for Source Bioscience in a significant and long term way, something which is said in the aftermath of the extended rebound off the floor of a rising three year price channel currently based at the 50 day moving average level. The idea now in the wake of the latest gap to the upside this week through 14p is that we should see an acceleration to the upside, even though short-term the shares are very overbought with a RSI at 80 plus. The best way forward at this stage would be to buy on a weakness towards the 50 day line/2012 support line, and target as high as 30p at the top of the three-year price channel over the next 3 to 6 months. At this stage only back below the 200 day line would even begin to delay the upside scenario." See the link for article and chart : http://www.shareprophets.com/views/13842/bull-call-of-the-day-no1-source-bioscience-30p-target-at-2013-price-channel-top
buys outweighing the sells so looking good...
Great news....finally broke the 14p barrier........taken way too long.....the skys the limit with this cash rich company!
Exciting times for the ......2 of us. Where's everybody else, We're now Up 7.14% !
Some nice round figure Buying going on - Looking good Up 4.46% !
But we're the ones making the Bid! Oh well, looks well funded with no discount to placing shares @ 14p. Market likes it - Up 3.57% currently.
So it's the Major Leak theory ending in a massive bid - like the sound of that. Not really sure there are any pointers to that though. Trading on Wed was with quite a few Big trades that were nearly all reported as Sells plus strangely quite a few cancelled or reversed trades.. Yesterday, the trading was certainly brisk for this share and mostly Buys. Anyway, lot more liquidity to the norm. This is the one small-cap share that I've pretty well always held in profit. I now hold for a massive profit. Perhaps not being in Aim will help our Institutional Investor push.
Aye, summit's up! Lot of major trades yesterday and today way over the average, Someone, somewhere must have tipped us or Major Leak of something big.
About time this shifted up!, a flurry of buys....hmmm is there something round the corner?....I hope so!
Very positive solid statement. More of the same from this company but they never hoot and holler about anything and thus the sp is always solid but doesn't really take off. 'In line with management expectations' i.e. more solid profit but......I want more.
Educated posting, thanks. Townfan - must investigate your EIS ideas although haven't really got the cash to delve anyway. Don't know the companies you are talking about. -------------------------------------- I spoke to N+1 Singer, Aubrey Powell, our broker, mainly about their 'corporate' ratings that crop up from time to time for SBS. They mean that they have issued a new broker note on SBS but don't think they're available unless you are a client. They don't issue 'buy' or 'hold' etc as they might be changing too often and realistically, as they are the company broker, they wouldn't mean much as they are very positive on SBS anyway. I gave him my thoughts that the company would have more exposure to PI's on Aim but he wasn't sure and said I should maybe take it up with the company IR team. I feel sure such a listing would be beneficial for more exposure and is also cheaper. May follow up. Anyway, still great company IMO and I see Henderson think so again.
I got the forecast from Digital Look's SBS page. Its gone now (I suspect due to the actual results being out). But the forecast for 2015 is now £3.3m. My assumption was that these were broker's forecasts so was surprised there was no profits warning - but maybe I'm wrong. But in any case if you add the 2012 results of SBS, Vindon and Inverclyde together you get a number way more than the SBS 2014 pre-tax profit. Even adding back the "non-recurring" gives you a number that's only about £100k better. That's why the £2.9m forecast looked about right - add together the 2012 pre-tax figures (totals about £2.1m), throw in a bit of growth you would expect naturally, say 10% over two years - giving £2.3m and then some synergies and cost savings from eliminated duplications following the acquisitions (e.g. senior people), etc - so say another £0.5m and that gets you to somewhere near £2.9m. Regarding your other question I mainly go for ETFs for the bulk of my investments and some corporate bonds for balance. Then I throw in an oddball or two - like the recent Chapeldown crowdfunder - that had EIS relief and at least some hope of liquidity to realise in a few years as its listed. It does surprise me that there is EIS relief on quoted stuff. It gives you an automatic 12% compound growth in value even if the company only manages to hold its price and a good hope of realising it as shares are marketable, unlike a lot of EIS stuff. Even if the company share price loses 10% of its value, you've still got a 8% compound growth, which is none too shabby these days. As the weather was good in 2014 I thought the harvest would be good (which it was) and of course wine in the cellar is a guaranteed revenue stream for a couple of years at least, which supports the share price. So its mostly safe-ish plus a small amount of oddball stuff for me - still kicking myself that I was too slow on Tekmira
Could you try re-posting that 'Link Removed'. People do often have trouble publishing links but I find if you simply copy the line at the top of that page(whatever that's called, I can't remember) and paste it here, there's no probs. Pre-tax profits of £1.4m were meant to be in-line with expectations. Were they not? Townfan - got any other good stocks besides SBS?any Aim?