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Same here, couldn't resist but to add another 110k on Friday. The news was just too significant to ignore a)company expanded to Asia b) customers have full confidence in the company c)with this strong order book even if there wasn’t a buyer banks won’t have any issues lending more if required. Let’s not forget that it only dropped below 12 because a major share holder sold, bet they’re kicking themselves now. All we need now is just a rumour of a potential buyer and it’ll hit 76 at a blip, but as we know shares rise and drop well above and below expiations on large market volumes so above 100 is also achievable short term. Especially given the current market condition opportunities like this are rare, I’m not making the mistake of selling this too soon even if it rises to above 30% of my overall portfolio. DYOR
true but this was 45p a few weeks ago where they raised cash. Much of the market cap is covered by newly raised cash. New orders have landed by the bucket full lately if you look. I watched all day yesterday and it was constantly being pushed up. Don't forget it is up for sale looking for partners to exploit its product. 20m order book is massive for a company valued at not much above cash! I pulled the trigger late for 30000 shares yesterday. No reason why this cannot get back over 100p this year. Company seem bullish.
"Meanwhile lower down the order shares in bombed out Tekmar group jumped as the firm announced a large Japanese contract hot on the heels of several other recent orders. As well as contract wins, dealers were cheered by a 'record order book and encouraging contract momentum'. The company which recently put itself up for sale has seen its shares slump 90 percent from a pre Covid level of around 150 pence to just 7 pence before yesterday's news. The company has recently strengthened its balance sheet with a capital raising at 45 pence, some 200 percent above yesterday's closing price".
Ends.
It's dangerous buying the spikers right at the top. INSP paying 0.09p goes back to 0.035p, NNN 0.65p back to 0.45p. SAE 2.75p highs Thursday up from 1.2p drops to 1.9p on Friday. So many people chasing fast profits that they will quickly move on so if it starts to drop probably best to get out quick, nothing seems to hold their gains. Might start higher Monday but Wins nearly always try and impale people on the previous days spiker in the first 5 minutes of the open.
https://www.marketwatch.com/story/tekmar-shares-rise-on-engineering-contract-for-japanese-wind-farm-271657265450
In for 30000 late in the day Friday. Glad.
For some reason this reminds me of Hurricane energy. I started buying Hurricane energy around 3p, dropped to 0.6 when they announced they will give 95% of the company to the bondholders. It’s my largest position at the time and I took a big hit selling at around 1.2, but only because they also said that their oil production was dropping significantly. Long behold it went up to 11.7 when their major share holder challenged giving the company away to bond holders, granted high oil prices helped too.
Now back to Tekmar, they’re in a far better position as they have cash, still growing and expanding their operation globally, oil and electricity prices are at all time high, looking for a buyer with more cash to make the most of the current trading opportunities (not to survive!). I lost a lot of sleep buying on the way down and have already broken even. Initially thought that 24 – 28 will be a good price to sell but honestly now think that it’ll hit 76 easy on some interest to buy the company and I tell you what many will be interested as it’s a no brainer!
DYOR
On Monday morning would be welcome. Surely if they paid 45p. 16p or lower is a steal
credit where credit is due i jumped in after seeing you post.
Could be just Schroders on an exit pump to recoup some losses ?? ;)
IDGAF - I believe in this company and am exceptionally grateful I held back on the last share offer to have available cash for this opportunity.
Nearly back to break even, but then I've been slowly buying right from the very start.
All they need to do now is announce dividends off the back of all these new contract wins.
At current oil prices there will be a surge to electric vehicles powered by the wind, but who's going to maintain these???
Also worth considering NG. owns the entire Grid, so it doesn't matter where the electricity comes from - the Grid supplies almost everyone (except the Preppers and Eco warriors).
A great weekend ahead - let's keep the momentum going as the MCAP isn't even valued at a years Revenue.
Nearly 20m traded third of total shares crazy expect 20p to be broken on Monday
Well done holders.
worth researching this tiddler, and #Iqai in bed with a £56b Mcap
company
If your name was Buffet I might have listened ! LeChameleon doesn't have the same ring !
I said the same at around midday :) GLA have a wonderful weekend! Mind the gap (up!)
I did the same! well done those that risked it
A good day for some - I looked at 08:45 when the price was 8.47 - and decided it wasn't for me - had no time to research - some times it pay to go on gut feel !
Well done here guys. Went away at 10p this morning and now 16p. Wow.
back down to 12
adding some here for fun
lets go
Just remember a lot of traders will dump stock at 4.00. Especially on a Friday.
Don’t panic…….
Time to take some profit perhaps.
Gap up on Monday for sure, 20p+ hopefully!
The key to spikes is to not sell all at once. I've just got the 15.5p offer price to sell so sliced them and if it goes higher I slice more before the book flips. Be happy and not greedy
Right, so how much does this 20m generate over what period that actually materialize into cash flow? Not a lot and not anytime soon.
The next thing, you need multiples of that deal many times over to even make a dent in the debt.
To fulfil the order they do not have the cash.
Are people blind? I can answer that, yes.
Small free float will make this move even quicker, GLA