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Todays news has been well received thus far. I expect volume will be higher than normal but a good chance of profit taking from speculators.
I will wait for the froth to vanish and add to my holding with some cash held in reserve.
Can't buy a thing atm
Me too. This is the best opportunity I've seen on the market for a multi bagger
anything below 50p was an absolute gift. Reckon it will hit 150p this year.
Cheap at 60p, the market seems to like the rns, could hit the 70's today! Fingers crossed.
Agree, v
Doing all the right things and maximizing cash generation, with covid-19 behind them and maybe another 12 months of recession people won’t cheap out on their specs. Needs more patience but a lot of reasons to be optimistic. Very cheap at 60p that’s for sure.
The squeeze is on, won't be long until we're in the 80's IMO
Andreas40, volumes are pretty meaningless UNLESS accompanied with news.
Also, not every bargain executed is recorded - plenty are off-exchange or matched, recorded late etc. While traders might wish to avail themselves of every tool, investors will rely on facts and statements published by the company in their accounts. With these, direct comparison can be made against competitors. Managers performance is also taken into account. For instance, I will NEVER invest in any company where Jespal Singh has ANY managerial appointment.
I kept an eye on this share for the last few months. Excuse my rough calcs here, please correct as you see fit.
It appears to me that trading in the last 90 days almost equals the full float of Inspecs 100m shares (e.g. 1m * 90).
If so, are there any shares left to short? I doubt double short is common, e.g. entry ---> exit ----entry > exi....etc.
Without short selling (institutional sell off) demand should exceed supply in the next, let's say, 6 months. Provided the results aren't catastrophic that is. Or the owners sell out , but that seems unlikely given recent purchases.
It is still looking like trading is tough but perhaps improving a bit from what they were seeing at the time of SPEC's trading update in October.
'Ahead of the opening of the opti trade show in Munich today, industry association Spectaris announced that, based on its preliminary calculations, sales from German-based suppliers of ophthalmic optics and consumer optics reached a total of €4.87 million for 2022, up by 2.5 percent from 2021.'
'During the opti show, German opticians’ association ZVA delivered an update of its ERFA-Light statistics, which shows sales’ trends for a panel of about 300 mostly independent optical shops. For the month of November, the average store revenue declined by 4.4 percent year-on-year to €37,634. The decrease however represents an improvement from the 9.6 percent drop reported for October. '
We need to break 59.5 and close in the 60's for the next leg up - we are close.
Agree it’s a good recovery Stock but ages before it reaches anything like 400p. Next update will be interesting which I believe is due this month. Realistically next hike to around 75p which is where it got to when it last went on a run and then maybe kick on from there if we don’t enter recession and we have a less unfavourable macroeconomic headwind
Back to 400p, here we come !?!
Likewise! A bit of a rollercoaster but the intrinsic value is there - big fan of their in-house brands. Reckon they will get bought out eventually
Rapidly proving to be one of my better investments.....my research does not usually prove to be this successful so quickly!
and that 115 level is starting to look like a tiny spec on the horizon!
I had a small amount here from last week but just added an additional 44,000 shares a few moments ago. Was waiting for the stock to gain some momentum before adding. GLA investors
Agree on all points, been loading up have 60,000 now at 42.2p. Maybe it could get back to over 400p. Does look extremely oversold on low trading volumes. As you say potential scupper if terrible results but anything that shows progress could send this up 20 to 50% in very short time…Good luck other investors.
I've added more here today too.
Massive discount compared to share price 6-12 months ago, big rebound on the cards here IMO. GLA.
Well, I’m in today at 46.7p.
still only at 46 but hoping for 50 today, picking up from retail sector bounce?
majorly cheap on historical values...
Looking like an interesting stock that’s under the radar
Pros
- market cap of £42m with NET assets of £145 and revenue of over £250m
- strong balance sheet with $30m in cash
- director buys, with CEO buying £400k worth
- Cannacord Genuity increasing stake by nearly 2%
- 56% shares held, so small fee float ( can move fast as seen)
- growing business
- glasses needed regardless of recession
- capital raise at 210p with no discount, 100% subscription
Cons
- trading update could be poor but this is priced IMO
- recession continues
- inflation costs of energy
Tip for 20222. It would have been rather short-sighted. If I am seeing right this could be a good entry point. Or an optical illusion.
that said, the volume is very low... don't see the issue being another sell off by an ii. at least, to me, it looks like pi's getting boredor thinking 48hours counts as lth.
not a huge number of ronded number trades... might have to wait for consolidation but still confident that this will continue the rise soon enough.