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Just have to trust that there's a logic to it and that the orders will make the seller curse themselves...
It's (deliberately?) offputting buying when you start 10% down.
mystery drop today... pretty much unfathomable!
From the beginning of stock market time to 2023 the saying "buy the dip" has always applied.
Now it's sell the dip. Somebody is going to get a nice entry price, not me but somebody else
FX500 sold here soon hopefully
Out or as near to damn it.
Expecting a lot of cash flow showing in final results in a few weeks.
Those fx500s are flying out the door.
Https://www.linkedin.com/feed/update/activity:7190973150208081920
Paul Watkins, Director of KTP UK Ltd commented, "We immediately placed a purchase order for Zenova FX extinguishers as soon as we heard about the Kitemark. This was the last missing piece that allows us to sell to leading UK clients."
Large company with blue chip clients
Yes I heard the same.
Good riddance to them
I remember certain posters mocked me at the time, but it looks more and more like my read on PKF and why Zenova switched from them to another auditor, is playing out. I only noticed Upland Resources in the news roll this morning, but I'm reliably told that up to 8 more companies have had their shares suspended yesterday/today because PKF has not been able to deliver audited results on time. Its gone from a growing trend to a serious-looking scandal.
Dave advffffff
I won’t go premium on that board Dave
Thanks for stopping me posting
Been so many 'good news' rns' of late that the marine certification has almost come and gone!
i'm just trusting that all these rns' are going to amount to a consistent stream of new contracts and interest. personally, i wondered about Spain's summer problem with bush fires and whether that miserable event will be an opportunity to assist?
Very confident that a large contract will come in for the marine side of the business.
Shouldn’t be too long to hear about it
Also excellent to see meme references to lithium ion batteries.
and contract manufacturing can handle all the contracts they might win.
silly price atm... and will be amazed if it ever sees sub 2p again... (but never say never... )
Sign of modern times, instead of people buying the dip others are selling at the lows of 2p, 2 days earlier they could not buy this fast enough at 2.3-2.5p range, the mm's are going to milk this, it will take a fraction of the sales to drop this 10% than what it would take buys to make this rise 10% mark my words
No Trotsky, Amati have not been selling down their holding. Their tr-1 filing was entirely technical as its evident they didn't participate in the recent fundraise and thus were diluted from 7 1/4% to 5 1/2%. They haven't sold a share and are very unlikely to anywhere down at or near these low levels.
The Zenova FP enhanced fire protection solution will be delivered through Jones Building Group and the order will be managed and delivered through industry-leader Dulux Decorator Centre, the recently announced distributor and stockist of Zenova products.
Commenting on this initial order with both K&C council and the Dulux Decorator Centre, Thomas Melchior, CEO of Zenova Group PLC, said: “This endorsement from Kensington and Chelsea of Zenova FP fire protection solutions will facilitate sales across UK council housing estates.”
Will be interesting to see how this partnership evolves
Kats, According to the note to the FY22 accounts both Rockmasters and Spark Advisory's warrants had an exercise price of 0.1p (£0.001) but you are right about the subsequent placing warrants (in my haste I misread the RNS and thought they'd subscribed for one new share at 10pps plus a warrant - Doh!).
Spark Advisory have definitely exercised their 467k warrants (they were due to expire on 22/07/23. Rockmaster on the other hand appears to have until 18/09/2027 to exercise its 9.34m warrants but doesn't appear to have exercised any since the FY22 accounts. As far as I can tell, Rockmasters don't have any notifiable shareholding in ZED so could only leverage their warrants if they owned, and sold, less than c4.2m shares and/or utilised CFDs or their like.
The warrants issued to Donald Nicholson, Four Grant Investments, John Harvey, Andy Muir, Nick Luckett and Amati Global have all since expired unexercised (they had an exercise price of 19pps) and it would appear that Brandon Hill Capital's warrants are likely to expire unexercised on 22/07/24 unless the share price moves above 20p between now and then.
Amati do appear to have been selling down their shareholding recently.
The June '23 warrants were issued at 10p so they're not seeing the light of day anytime soon. and, unless htey've been rerated since (and i don't see any evidence of that) you'd have to go back before then to see. but find it hard to believe any warrants exist that would be profitable at 2p as the sp has never been lower, historically during placings/warrant issuance and they'd be dumb clucks if they were still holding warrants and converting them at this price?
i'll go back and check pre May '23, though, for my own personal satisfaction.
cheers for the post, though.
My thoughts would have been one of the warrant holders, either Rockmasters or Sparks Advisory, who are able to exercise their warrants at 0.1p per share. We know from the RNS issued on 24/07/23 that Sparks exercised the warrants they held at 30 November 2022 (they would likely have received these warrants in lieu of fees and are unlikely to be a long-term holder). Rockmasters might not have exercised their warrants yet but they could in principle be selling shares they currently own (or perhaps be using CFDs and/or spread betting) in expectation that they will be able to replace the shares when they exercise their warrants. We also know that 8.75m warrants were issued as part of the fundraising in June 2023 but don't know the terms, exercise price or expiry date.
So 200k seller still about, 3 small pi's who bought yesterday have done exactly what I said and take a loss to go and make a loss somewhere else. Good to see the smart and larger money is buying still.
I'm not angry at them, their money, but they are still idiots. Some 20+ people bought and sold for a loss yesterday, pretending they all held and not bailed out the mm's this would be 3p now simply really. Today in stocks with good news exactly the same will happen. What a trader does not realise is buying something with a huge spread then selling for a big loss a hour later to trade something else means it's almost 99% certain they will go bankrupt because the next stock they play will also have a 10% spread, every stock now has a huge spread, they will be instantly 300-700 down the moment they buy, they need a huge % rise to make a tiny profit and they have no patience to see it get there so they sell again for another loss rinse and repeat where as you are better off buying and holding for as long as it takes. Better still stop trading and go down the casino if they want fast money...black or red is a better bet than trying to beat a Aim market maker in a hour with a 10-20% spread
Would be unbelievable if they stuggle on that basis.
Plus, in the end, it's £100k revenue per month, though i don't know what the profit in that is, having gone throug an intermdiary. but i daresay we'll see more retail buys come along and, at some point, the seller(s) will run out of shares to sell. Hae to wait and see from the next podcast whether the funds they raised were just for this paint manufacture or for other contracts too. i daresay w'll get a very upbeat interview over the coming days so, now's the time to be adding as, beyond the spread, this feels about as cheap as it's going to get, considering it's the biggest contract they've announce for months.
and, yes, i see 10p as viable too so just waiting for another share to do something so i can move funds here.
pointless being angry at aim or other investors. it's AIM, ffs, and the reason we stick money in it is because you don't get multi bagging opps in main market. so, even if it takes 6months, as long as the sp slowly climbs and the mms stop diccking around with the spread, i'll be happy to hold for the longer term. so, lets see what happens later in the week.
Kat.
Just because I vent my frustrations at day traders buying and selling for a loss does not mean I'm all stressed out at the keypad. I will hold regardless. I just do not understand why so many people buy and sell for a loss within a few hours day after day. I started this game with £300 and have took out over half a million pounds and if I adopted the same strategy as these people I'd have quickly ran out of money. For me it's mental, if everybody held a stock everybody would make more money. I did not every massive trade was a buy though. Smart and big money buys while the traders sell.
I think it can do a reverse of the 10p to 2p and back to 10p again if they keep announcing more decent orders or regular orders time will tell