Member Info for 42trader

Looking at the trades, I do wonder if an order is being filled at a set price and therefore the price is being kept low. I wonder this as I added today at 2.53p which has shown up as a sell.

Rather surprised the share price is not higher after this update but obviously there is a seller holding it back.
On first glance at the update it does not look good with the revenues down on last year.
But after reading the rest of the update it looks very promising:
Debt reduced to $1.1m from $49.9m!! This will actually give the company an Enterprise vale of approx. £28m which is under the market cap value of £35m. This represents very good value at the current share price.

Gross margins just above 10%.

Upgrades in the sawmill which will allow a greater production rate.

The decrease in revenues was due to covid, production reduced to 1x8 hour shift a day instead of 3x. This will not last forever and demand for the wood is only going to increase which is where the sawmill upgrades come in.

"With our facilities now operating again and given the pronounced uptick in demand that we are starting to experience, we anticipate both revenue growth and margin expansion as we exit 2020. This gives us confidence that we can achieve our current targets for the full year.



"We are seeing clear evidence of continued demand from around the world for our products. This, alongside the broader context that the global population is set to grow by almost 1 billion people during the course of this decade, underpins our assumption that that demand for construction materials, particularly in the developing world, will inevitably increase."

All in all, this is now looking extremely good value.

Fantastic update. This will soon show the step change wbi have promised the last few years. Well done to the new ceo.

Finally 16p on its way?

Cenkos have re-iterated their buy recommendation.
Increased their revenue forecast giving fy21 forecast of £33m, an increase of 10% on fy20.
They believe their forecast is conservative.

RNS tomorrow it seems then. The magical voodoo 1 trade has appeared.
On a more serious note, good rise today so maybe we can expect very good news tomorrow.

yes there does seem to be some people selling but there also looks to be an order being filled too. I think those even trades on volume, 100k, 200k ... is someone loading up. The share price is certainly testing the resistance with hitting a new high for the last 10 months, and so it is looking positive to break out of this range.

Been trying to sell to be able to buy in cheaper but always in NT. The future looks bright here but the impact partly from covid has slowed progress by a year. This now looks to be a long term hold of 1-3 years. I may just add on further drops.

This statement imo explains the drop today but suggests a step change in 2021 when the fruit of their labour is delivered. Buy the dip with the intention of a long term hold.

"A key focus for the second half of the year, and into 2021, is accelerating our new business activity for new products, which for the reasons given above, is behind management's expectations. Understandably, some of this timing delay is down to the disruption caused by Covid-19. With our recent launch of additional new pension product offerings for both SIPPs and the workplace pension aimed at the Shariah market, we are confident that these will start to fill some of the shortfall. We continue to look at ways to enhance and market our products to proactively serve our target market and deliver future growth.

We expect that 2021 will see a step-change in profitability due to improved operating margins as our investment in IT initiatives start to bear fruit, and our Options workplace pension business moves from a loss making position into profitability."

Cant sell outside of NT but can buy though.

Oh, and looks like S Thompson is copying my target price.

No problem.
Stockopedia is very good tool to use.
I read IC now and then for the tips and but mainly for the Shares section. I'll ignore the sells and holds recommendations and just look at the buys. I'll then do a quick research on stockopedia and if I like it i will then check out the chart. It would be very rare for me to buy at this stage. With the chart I will find the major support level and then set an alert foe 5-10 points above that on my IG account. If the alert get triggers I will then do more research.
During the down turn with covid I had about 60 alerts triggered! My most recent was Boohoo which was set at 210. It dropped to 198 ish before bouncing back to above 300p.
I tend to avoid companies that are not profit making and have high debt.
You are very correct though, finding a target price to sell is the hardest part. AUG and LUCE I bought very close to the bottom in the 30p-40p range, one i sold for 60% profit the other just 20%. Both went on to become multi baggers.
Anyway, best of luck to you.

You do like the extremely high risk shares! FARN and SNG I personally would not touch. You ever make a packet on them or loose the lot.
VLG potentially could double in time but still risk involved. Having an average of about 35p I will be long gone before then. I'm aiming for just 115p.

If the trial proves to be successful the so really will rocket.
As it is at the current price, it’s still cheap even without this trial going on.

The all time high came quicker than I expected. Just needs to hold this level just above the resistance to then use this level as support before starting the next leg up.

Who really knows but the share price is in an upward channel and has in the last week har the bottom of the channel and bounced up. Lets see in a week or so if the share price hits a new high.

Looking extremely bullish.
Margins are approx. 12%.
Estimate EBITDA is £3.6.
P/E of 13%
PEG is very good at 0.3.

The charts show VLG was over bought at this price before the retrace to a support level. So the retrace was to be expected. Todays jump in the share price set a new high and is now re-testing the resistance level which in theory means it is weakening. Come the end of the week and I expect the share price to break the resistance, continue to climb and set a new trading range.
The previously announced second broker imo is to accommodate the growth of the company in the coming years.
Ignoring the big increase in revenues, the profit margins have grown for the last 5 years and the profit continues to grow.
The company is also cash rich with no current debt.
Cenkos has reiterated their BUY stance, and though think the company will be H1 weighted in terms of revenue, expect an estimated 20% for the second half of the year. 50% increase in revenues, 100% increase in EBITDA and 150% increase in the EPS.
Overall I really don't see any negatives here and expect the SP to keep rising. Just wish I'd added on the dip.

Im surprised at the drop today.

Shorts closing? Don't think so as there are no shorts registered.
The share price is hitting support of previous all time lows. I would guess that M&G are still selling and that is what is keeping the price down. Apart from share scheme. we have not seen bod buys at these low prices. The bod in the past have often brought on lows so with no buys now, I would not be surprised to see the share price drop down through the support and possible the bod buying then. For me, when the bod next buy big, will be the time to add.

I personally would not subscribe to SW. It seems to pick out a lot of shares this last year that have done terrible after their reccomendations.

Good broker report out today from Cenkos too.
Revenues estimated to increase by 50%, EBITDA to increase by 100% and EPS to increase by 150%. Stating at current PE of 12 the company is very under valued.
Now it just needs to break the support and the sp will hopefully fly.