London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Although there has been moderately decent News in the last 6 months the 570% rise from 14.5p back in April does seem quite extraordinary, not that I’m complaining, having held from the COMS days back in 2013.
Not since the days of DB have we seen this sort of rise and hopefully this time it is based on substance, productivity and real progress. It’s surely better to have seen a gradual rise this time rather than the spike seen in January 2014.
Hopefully more Contract news will soon be forthcoming which will shed more light on why we are where are and also where we are heading.
Although it’s a great rise, all I find myself doing is thinking why didn’t I buy in after the large drop in the markets because of covid.
Buying around 20p could have dropped my average to around 35p and I would be massively up - instead I’m still 35% down.
I just hope this keeps going for another 6 mths and then I might be able to get out after 5 years of paper losses.
I could do with another 570% rise just to break even ;-) very happy with a steady rise tho. I’m more confident now for the future as they seem to have a focused plan moving forward on 3 fronts, just hoping for good figures in the next update.
I wonder if there is anyone on this forum who bought in the teens or the 20’s? I haven’t done any trading for a year as my broker SVS went into administration and it’s taken over a year for the Administrators to sort out the mess and place my holdings with another broker.
I’m sure there are a few who have made 300-400% and good on them for having the nads to buy in at those low prices, I wish I had. I topped up at 80p just before the results and I am confident that good news will start to flow now with new contracts, increased subscriptions, tie ups etc. to keep the price going steadily north. Good luck to all who have stuck with this through thin and thinner
If people remember back earlier in the year the markets went into a free fall, and lots of stocks dropped so the 570 rise as you put it isn’t really a true reflection of this stock, it happened because all share prices took a battering and then recovered depending on the sector they operate in. Pete if you can’t be that silly not to realise why it risen so much from its low back then!
KitKat,
I'm not being silly at all, just stating the facts.
The SP was in the 20's a month before Lockdown in March and in the low 30's towards the end of January. The fact remains that from its lowest point it has risen 570%, but I guess there were few who would have had the courage to buy in at that point.
We can all work out what our holdings would have been worth at that point 6 months ago when the SP was 14.5p and I have no doubt that we are more cheerful about their worth today. Cheer up my dear.
The price wasn’t that low in January looking at the chart. It went from 60p to 30 then markets went all over the place then markets went worst we reflected based on what this company does, and then they started turning it around. The markets started falling before lockdown because of what was happening around the world. Nothing that amazing nothing that special. Sson smiths on fund his share price declined and went to all time low and now back at a high.
The recent share price is reflection of where they were before in Jan, and an improvement based on new business wins hence why we getting closer back to £1. However no one knows whether we see further growth. This is AIM shares have huge swings, and the thing is in the past you were lied to and sadly took it in.
Kitkat
I in my post below I stated the price was "in the low 30's towards the end of January" and you state "the price wasn't that low in January".
Using the LSE Charts Link above you can check the price on any given day in that period once you click on the 1 year chart tab. If you do this you will see the following if you move your mouse over the chart:
On January 23rd and 24th the price was 32.5p
On January 27th - 30th the price was 31.5p
On Janury 31st the price was 31p
Therefore this PROVES BEYOND ALL DOUBT that the SP was "in the low 30's towards the end of January" as I stated.
You keep harping back to the past. We were all lied to in the past and ended up getting stuffed.
For goodness sake, look at the where the company is now and where it is going rather that on all the mistakes that were made back in 2014. Also is there really any need to try and find faults in every post I make. Unfortunately as the above proves you failed to do your homework this time and got it wrong.
And there is AIM logic for you - announce a new agreement and the SP drops on that day and then the day after drops another 5%
You would have thought that getting a new deal/agreement is a bad thing
Totally agree, it’s very frustrating that positive news is met with a drop, I think we need news on numbers in respect of increased revenues, reduced costs etc.to get this moving up properly
With my Cynic’s hat on I can’t help but think that the City boys saw it coming and got in ahead of the announcement.
I’m still waiting for the news regarding ESCO closing the deal with an international pharmaceutical business operating out of Singapore, which was mentioned at the bottom of the RNS on 24th September.
Yes that news will be great, things certainly seem to be going in the right direction - long may it continue