The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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TRX continues to gain market share and grow it’s revenue potential.
Market wide jitters over US debt ceiling. The sp drop is not unique to TRX.
Well said - have added a few myself although nursing significant losses - I may be wrong but I believe in this company
For me it is one of two things:
1) A seller in the background - We did see Inthello take up 1% of the shares without any uptick in volume, where did they get the shares from?
2) We will see a 100-120% rasie with an RNS saying a buy out is agreed. You do see these kind of SP movements just before take outs.
I don't know which is the case but as I belive the company is signicantly undervalued (going below 60p is criminal without some very bad news or a seller), I have added 700 more to my kitty with the spare cash I had. Either it will correct back to above 60p or it will double, if it goes further down, I will ponder on adding more.
A small volume of daily sellers panic sell ... a lot of it probably from private investors who don't necessarily want the SP dip problem, but end up causing it ..fearful of a paper loss
Trying to analyse a companies SP performance on AIM is a fruitless activity.
Its much better to just concentrate on the company and make your own judgements on long term success.
The SP will catch up with potential eventually, probably when its least expected.
I don't know if the article on yesterday's share news is relevant, but I'm at a loss too.
Izstar, its a puzzle that I cannot work out either. JJ
It seems everyone likes TRX especially RS -- shame not reflected in the SP. There is just not enough news flow to drive positive momentum. Company looks brilliant - recovering with strong management, great products in high demand - numbers now going the right way - am I missing something? I appreciate patience key but the current SP is absurd - makes me think maybe something we don't know... anyway, holding for the long term
Discussion of companies starts ca. 10min in, TRX at ca. 14.15:
https://www.voxmarkets.co.uk/articles/vadim-alexandre-discusses-spectral-md-tissue-regenix-and-the-tedious-market-72b6cc2/
TL;DR - he likes TRX
Fingers crossed my last post hasn't jinxed everything and that the large trade this morning was a buy
I sold EUA at a loss last year, and the SP has nosedived since, but I sometimes still check the sharechat. Obviously there's a lot of optimism / wishful thinking, but someone did post about how they used to hold dragon shares before it folded, and how at one time the SP was sub £1, but eventually went as high as £8.20.
Now the reason I'm posting this is because whilst no-one knows what the ceiling price will be, or when that will happen, Richard Sneller may well have a get a vague out price in mind, with many variables to consider. Not only does his most recent purchase give me hope, it's the fact that it's so soon after the consolidation too.
All investors are welcome, but some are more exciting than others.
Obviously DYOR, but thus far I have no negative thoughts about the consolidation, and despite not having a crystal ball I am definitely holding as stranger things have happened and I'm pretty sure other companies have seen a surge over the years. Let's hope TRX is one of them.
GLALTH
If someone holds shares in, for example, a SIPP which has a montly fee, and there isn't enough cash in the account to cover the month's fee, then the platform provider will sell enough shares to cover the remainder of the cost. Hence the ridiculously small sells that are sometimes seen.
Or small punters using trading sites with no initial charge to take a punt on low cap share and seeing it not going anywhere quickly. It will happen - RS is a knowledgeable and successful investor so for me a far better guide then someone selling 5 shares
Could be people selling small holdings to tidy up their portfolios. Could be MMs playing games.
It's frustrating, I agree. I could understand why some were doing it before the consolidation but there's obviously something I'm not understanding here!
Thankfully it hasn't put Richard Sneller off from increasing his holding so there is that
I know there's plenty of reasons for super small trades, but...it's getting a bit stupid new with the single digit trades isn't it? Really, really odd...
Mr Sneller is certainly confident ... and why not! LH&K Mafuta
Sneller still confident, and why shouldn't he be!! Up to 13%. good man!
Someone bought one share and sold 5?!
The net result of the consolidation today was a pull from the downside, so its over to the buyers now to take advantage.
Good old consolidation , it never goes up afterwards.
Just settled for me too! It looks a lot more grown up that the tons of shares there were previously . Hopefully this pops up on more radars as a result. Cheers!
The after consolidation SP shows a big spread at the moment of 3p - bid 57p offer 60p - but mid price is 59.40p.
So it seems that trading is not yet smooth.
Hopefully the situation will resolve itself before close of trading.
That being said AJ Bell have just updated my portfolio.