The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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They won't drop the ask to sell us cheap shares. Want premium even for small buys.... wonder why??
Agreed. To be honest though, im more than happy with the current order book, new contracts would be lovely but this MTRC contract has in my opinion, derisked this investment. Last year was transformational for this company and the only was is up. I think folk seem to be forgetting additional work completed by the company last year With the award of the major contract, MTRC is now the Group's largest customer. During the financial year ended 31 March 2018, the following non-MTRC contracts generated significant revenue in construction (installation) business:- · Hong Kong-Zhuhai-Macao Bridge Project ("the Bridge Project"); · Central Wanchai By Pass Project; · Liantang Traffic Control and Surveillance System Project; and · Modern Terminal CCTV System Upgrade Project ("the MTL Project"). The first three are the infrastructure projects of Hong Kong Government where the main contractors are the sizeable private enterprises. The Group is the sub-contractor for these projects. The customer for the MTL Project is in the private sector; the Company is the main contractor for this project. As completion of main construction works for the Bridge Project in February 2018, the Board expects more billing will be issued in the financial year ending 31 March 2019
Better they sell now if they can't hold for more than a day as it would only be a drag on Results day. Now just imagine they give news of further contracts , they will be able to tender for more work now they have backing from HSBC.
People don't even look at the RNS history they just buy , look at the traders selling now. They wont get back in on Results day. This company could grow nicely over the next few years with the MTRC contract which will give it visibility of earnings , heck even HSBC were happy to provide a trade facility of HK $8M .
Those spooked will be buying above 3p when results are out. They will be the best set of results produced by the company for years and will be SIGNIFICANTLY better than last period. Future outlook will look even better for the following year. A buy and hold for me.
Yep a very good divi coming soon.Could well be better than last year
A few got easily spooked at some negative comments , MM's have some stock now ;-) .
The Board believe that the amount of our current order book is in the region of HK$440m, which should provide a stable revenue platform for the Company in the coming few years.
And they pay a divi .
Sure. It will be interesting to see more detail in the results.Today has seen the largest volume for some time in this share but on the back of no news. Hence my pondering below whether it was some speculative positioning. Not seen anything so far that suggests posters here who talk about 3p and 5p are on the money but that may change of course when the results are out.
The Directors believe that our existing business, coupled with the long term MTRC installation contract, provides a solid base from which the Group can develop over the next few years; and one which is significantly better than in previous years. We are looking forward to reporting a full year's contribution from the MTRC contract in the current financial year, and we will update on our progress with MTRC with our final results and again at our Annual General Meeting.
The MTRC contract was awarded in May 2017 , now it's pay day. This is why we are here.
Actually the last official trade was for 2.15p with a bid/ask of 2.1/2.5p .
Good luck either way :)
Not intending getting on it thanks Wisha. Certainly not on the back of a speculative rise and the results about to come out. Will let you know if I invest as you seem keen to know.
Fallingknife - You haven't missed the boat........YET
Mms on 3p
a bit of speculative positioning ahead of results.Talk of 3p and 5p seems a bit fanciful here as the largest buy recently has been 2.42p. At least investors and would be will get a chance to zoom in on the figures when they are released.
When results come out.. MM's will mark us up.. good luck buying below 3p then. In addition, todays action will trigger buy signals on all charts - on the verge of breakout here which will attract day traders and rainbow chasers in combination with the herd arriving, its an easy 5p target short term IMO.
I'm back in.
.
Yes once buys done at 2.30p up to mms ask 3p I think
Herd coming...... nearly here.... Full ask paid... tick up imminent
Fantastic wk/day ahead
Bid Rising with each buy. Hold on to your shares.
Total Vol : 852,254 Buys : 812,356 Sells : 39,898 Looking Strong :)
Could be results today the way it's moving
Yep agreed. I think they will end up very, very short here soon. The well researched investors aren't going to be giving these away until real value is acheived, however, i feel there is a big spike in price coming here 2.30p paid... results aren't even out yet and 2MM's parked on 3p ask. Afternoon will be i interesting as FOMO kicks in.