The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
You could argue that 5 mil of cash and profits of over 3 mil look favourable against a market cap of 11.5 mil, take out cash and you have 6.5 mil company making over 3 mil, certainly priced in the doom and gloom, i'm just trading this as from today but those numbers make it look like a bounce is on the cards, so good fundamentals matched with challenging conditions.
And it's not deleted, what happens with certain online brokers is if the size is too big they quote a price anyway which will be a premium but in this case it was a massive premium because of the size yet the person still accepted it instead of phoning to work the order at a better price, that's how it looks to me because that trade still shows as legit and from today.
One on ord at 0.8p and one on plus at 0.83p mop up all the smaller sales from Monday. Still silence on my questions i see.
You all missed the 2.5 mil trade at 1.46p when the offer was 1p, no signs of it being deleted either so it looks genuine, all i could get was 100k online after seeing that trade no more.
At it again with this stock, great rns but almost suicide to buy into a spike today with plenty of punters using the rise to get out and now a sale at a discount, mm robbery yet again.
No replies then, must have been a brief pump and dump here, no buyers today, punters selling at 0.7-0.75p on plus but the Ceo buys above 0.85p, selling at 0.7p when there's a realistic chance of a 2p cash per share return !
Very similar to Pim in price and limits, no stock and it's just jumped on a 3k buy at full offer on a 3p spread.
Of the market makers, charging a buyer a premium and 27p to buy and bidding just 24.5p online, no stock out there so hold tight.
A few buys and very quickly i cannot get a quote to buy even 1k.
Scary numbers in the interims, 2.6 mil profits, if repeated that would be 5 mil profits on a 8 mil market cap, i've took a punt, a small one on if they do anywhere near that the stock will double.