Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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This will take some time because of macro pressures. I’m looking a move to around 70/80p by Christmas as investors and brokers look for a bargain and there’s a fomo effect. But as we move through next year and inflation begins to subside in Q1 & Q2 and fall off a cliff in Q3&4 SP should begin to take off as interest rates plateau and people begin to become more confident. I definitely see this reaching 150 end of next summer and £2 by next Christmas. So I’m a medium term hold and will get out around £3 in early 2024
Delighted CaptiveMonkey that your purchase was so well timed. Sadly, I think in the last (almost) 45 years that I have spent building my portfolio, I can claim just one transaction that I made that, to all intents and purpose was at the best price. The investment you have made is substantially above my 2% risk for any single transaction but below my 6% limit invested in a single holding.
So, congratulations aside, do you have a target whether it is time or price in mind?
FWIW, I have chucked my holding (fewer than 5,000 shares, recently bought) into my SIPP for IHT planning purposes for capital growth.
Every day since the profit warning Peel were sat on the bid absorbing buys to clear the sellers line of stock. That changed with the surge of volume earlier this afternoon that signalled the end of the seller. Now they are bidding for stock and have raised their ask to 66p. The book is flat and buys lead to the share price rapidly rising and profit taking drops it back for a short while, it's all PI driven though, and a move into the 60's over the next day or two looks odds on, now 3 v 1 and 55-58...
Before the war!
Ah, now I see ... 425p was a mention on 28-10-2021 and 8-12-2021.
All way below the influence of recent events and it's unquestionable that suchlike out of date info should be reiterated, imo.
What is the date of the Peel Hunt mention of a 400p tp?
Thanks.
Well done with your buying and I'd agree with those targets, it's clear looking at the trading volume + L2 order book that the sellers are either out or on fumes. Considering SPEC had already fallen a country mile this year I think 80-100p is where it should sit post directors buying well over 1% of the company, it's simply been taken way too low.
Picked up 100k of these yesterday in the hope of some movement. I think they might move to 60p over the next week with probably 80p by Christmas. For once I might have bought at the right time….
Peel hunt target set now at 400p that’s several bags
+70p from hereon, directors ain’t been piling in for nothing, could be handsome rewards now
Looks like the selling may well be done now, rising with every buy… you’d also have to think it very unlikely that the CEO would buy a further 850k / £400k unless he was aware who was selling and how many they had left…
there cant be much selling left if directors have taken £600k alone. Has to bounce over 60p IMO
Great confidence being shown in the co. That’s well over £600k spent by directors since this drop. Be nice to get a TR-1 saying seller is finished soon.
Substantial buy and shows confidence now
Decent buy in todays news by Director.
It was tipped in the Times mid August and if you look at the charts has been going downhill since!
Hopefully reached the bottom now.
?TIPPED IN THE TIMES Inspecs be a savvy investment now amid a battered economy? As Charles Hall at house broker Peel Hunt 400P TARGET?
https://twitter.com/topresearchdone/status/1589628...
I was going to sit out on this one but the price has got so low if nothing else it has become a takeover target.
Having the CFO's wife buy some does indicate that they do not see liquidity as a problem.
Great news, finally.
Looking at the trades the seller
Might finally be cleared
somebody in a big hurry
Ray-Ban owner EssilorLuxottica (FR:EL) 160p approach
Peel Hunt analysts said that they expect ramped up production to “be used both for internal requirements (improving gross margin) and for external sales” and reiterated their buy recommendation target 395p
Looks like strong support from directors recently. A few marked today as sells that look like potentially more Director buys imo.
Hopefully when seller is done this bounces
A reliable source for equities that have been sold short is shorttracker.co.uk but Inspecs Group does not feature.