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I am pretty optimistic, I will go for 1.99p with a share consolidation in 2023!!
Gla
@theAccountant
got that and I've added you to the list.
We now have 24 entries and the average guess is now 1.0854p ( MCap £76m )
Thank you to everyone who has joined in, I think the fun of this will start once we've had the first positive RNS and we begin to feel things are getting done behind the scenes.
Patience needed at the moment with the rise in CV-19 numbers it will hold up some progress.
To anyone reading the TRX board this 'predict the closing price, Friday 1st October 2021' is open to everyone so if you have not had a go, know that you are welcome to 'chuck your cap in the ring'.......... : )
Chester.
JR I do agree the company have been putting "it" together for a long time now, and with a lot of mis-management along the way. We have different leaders than at the beginning now, but from the way they have conducted themselves (recent placing etc) then I'm not sure they are the right people for the job. Saying that, then it does look like they are putting in stronger foundations than were there before, and they are not running before they can walk so as to say. On paper, it all sounds as it's coming together - only time will tell though.
Like others that post on this board, I have been here for 5 + years and seen my initial investment money evaporate. Having added substantial money since, I still feel that due to what the company is producing, and that being patented as well, then they have the products that the medical profession wants, so I'm hanging around feeling we should get our investments back with a clear profit to add.
Some of the new Investment money that has recently been put into the company has been done so by shrewd business "heads" so I am lead to believe - let's hope that turns out to be true for all our sakes.
Greetings JonnyRod, I can empathise with your feelings having bought in during the last surge so paid a v high price, I did average down - several times but and like you I am sitting on a loss.
I have come to the conclusion that all things considered (Corvid19 & the hack) TRX are still a good holding to have albeit now a longer term hold than I anticipated.
Chester put together an excellent 'fact sheet' well worth a read, and leaving you with a positive TRX being in the USA and Germany will not be affected by BREXIT and if the BOD are as bad as you think perhaps someone will agree and take TRX over. Who knows? Chin up all the best TOB
My prediction is 1.25p
Good luck all.
When I 1st invested here I was very confident that the share price was on the up. Unfortunately over the years the opposite has happened and I've lost confidence but I really hope you're correct & I'm wrong as I'm down a fortune. I took the decision after the last placing not to average down (again) or sell at a big loss as there's much better prospects out there and some of my other stocks have done well to lessen the hit here.
Sandhoper it's not early days Trx floated in 2006 the BOD have had 14 years to 'put it all together' shame bill gates or Paul Allen were busy as im sure they could teach these clowns something about make money instead of running at a loss every month for over a decade.
@JonnyRod
I really understand how you feel about TRX as I was one of the big losers as I missed the chance to participate in the 0.25p placing, I sold 50% of my holding at around 0.45p on the basis that I might be able to buy back in, which fortunately for me proved partially correct.
So the hit was softened for me.
The thing that really gives me optimism and confidence is the (as yet unknown) Global Healthcare Company we have made an agreement with to supply White Label products to. Gareth Jones has said that once the deal is up and running it could add £30m per year to the turnover. Now the profit margin will be a lot less than the current 48% but it will produce a margin and probably pay for the majority of the overheads.
So we cannot see the future but I feel that with two or three good news RNS's we will be back just under a penny a share.
So lets just see how it pans out, I think we will be in a better position to assess in the New Year.
I hope for your sake and mine that 0.2p is the dividend being paid in the year ending 2023 full year accounts.
Chester.
Good job Paul Allen and Bill Gates didn't throw it all-in when they were faced with the same scepticism when they were putting it all together !!
Personally I don’t understand people who are in this and thinking the price will go down in a years time. Well, it might be well worth selling now at 0.34 and buying back in a years time when it’ll be cheaper, isn’t it?
Thank you JonnyRod for your comments, yours is a valid opinion and a scenario we would all be glad to see proved dramatically wrong.
Your 0.2p is by far the lowest guess and if you run out to be the winner I'll still give £25 to a charity of your choice.
Please put a note in your diary for Tuesday 2nd October 2021 so you can give me the name of your chosen charity if you turn out to be correct.
So adding JonnyRod to the mix here is a full list of runners and riders...
A now have 23 entries....... The * indicates ‘Charity Donation’
JonnyRod. 0.20p
Nomlungu. 0.30p*
TheOldBee. 0.62p*
JoeSoap1. 0.68p*
MRK2020. 0.70p
ChrissyDude. 0.83p
Chester. 0.86p*
Stuofthetoon . 0.95p
G&M. 0.97p
KJM100K. 1.01p*
Scoobyrex. 1.08p
DoneK. 1.1p
Andysmi. 1.20p
LunchBoxBill. 1.21p*
Ohmni. 1.27p
HBomb5. 1.28p
Mark@1973. 1.30p
SC888. 1.31p
Messi10. 1.45p*
Owennoone. 1.48p
Shovel53. 1.57p
Smokey2. 1.68p
Sandhopper 1.75p
So the MCap range is from £14m to £ 122.5m a slightly wider range......... : )
Chester.
This thread is hilarious, some of you guys must be in cloud cuckoo land if you really think the share price will 3/4/5 bag over the next 12 months.
For years there's been post after post saying how trx are on the verge of turning it all round and it's going back up yet it just keeps on going down (then we get post after post of excuses)
In 12 months time the placing money will be running out, trx will still not be making a profit. Break even is 2 to 3 years away. They'll be looking at raising yet more money probably the easiest way ie by shafting shareholder again & doing another placing at a massive discount.
Wait till they rns that they only have enough money until xxx again and see what happens.
in 12 months time the share price will be around 0.20
Hi Chester, big thanks for introducing some camaraderie to the BB. If the SP is > 0.675p, I will be extremely happy to also make a £25 donation to the winners choice. I have book marked this in my outlook calendar.....so I won't forget :-). I haven't provided you with an actual price, so please put me down for 0.68p......hoping for much higher though :-)
GLA
1.45p and i would also like to follow suit with the £25 donation.