RE: UK9 Apr 2024 19:10
This share became very popular with a more speculative section of investors. Along with a credible growth forecast and extreme illiquidity due to the very small amount of shares in issuance this lead to significant sp movements. These movements attracted others and a race to the top ensued. Suffice to say it wasn’t sustainable.
However, fundamentally this company is on a very solid footing but maybe both growth expectations and profits were not matching the top market cap. Recently, in my opinion the 2 year investment plan to integrate Sales Force software and build a central hub to both allow cross selling opportunities through connected data gathering and to train more technicians is a bit behind schedule which has adversely impacted market perspective. The investment has not really been showing any tangible results and some have lost patience. But with that road finally coming to an end by the latest June I very much believe we will see the benefits and rise in market awareness in H2.
This share moves rapidly and consistently upwards and downwards. £3.20 is the low baseline. A tick up today should see momentum build this month (depending on wider market impacts). The market place is potentially huge and the savy might just begin to believe that the investments will bear fruit. The CEO is very astute if a little quiet. Targeting a lot higher and confident this will play out and reward those that recognise the value inherent in this company’s present position