The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
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.
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All way below the influence of recent events and it's unquestionable that suchlike out of date info should be reiterated, imo.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.
Have we hit the bottom now ???
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.
Andreas, I think you are correct. It is impossible to judge the bottom.
There does seem to be an increasing number of companies that are suffering similar declines. I suppose it could be a reaction to the post pandemic excess of optimism. It could be shorters looking for their next target.....but no smoke without fire. Although at some point foreign money will swoop in and pick up any valuable assets left over from the carnage.
I think that there is an institution that has decided to sell up and invest the proceeds elsewhere. October broadly allowed markets to regain their composure and interest rises (in America) are not expected to be as aggressive as in the past. A delicate line to tread for the Fed and other central banks.
With the slightest glimmer of good news, share prices react favourably.
I figured out that my best option is to not follow this quote for 6-12 months, as I might set myself up for another lose-to-lose situation. Let me explain what I mean. Investing in a turnaround company is a mentally testing business, as it is difficult to time them bottom and as such one is likely to experience further losses in the short term. As prices fall further, its not uncommon to see a change of mind to 'save the stake'. This is particularly common when the investors stake is large or the investor in part (or full) makes a living of investing.
However, saving the stake at, let's say 20%, will rarely compensate for a successful turnaround which often can carry 5x-10x return. I can refer to my own mistakes here. For example, I invested in Indivior at rock bottom low only to change my mind and pull out. I have done this mistake a few times.
I will now let this bet run its course and see where we are in perhaps 6-12 months time. If I lose, I lose, that has to be a part of turnaround investing. What shouldn't be a part of my investing is a pull-out based on fear, or over exposure to daily quotes / declines.
On a different note, I wonder if this stock also is the target of short selling?
Good luck everyone!
Ah cheers AS, SPEC just seems to be on a downward trend at the mo, is there a seller in the background or something else anyone ?