The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It's interesting to study the movements on the 6 month chart which shows 5 drops to the 260p region however the after the recent surde last week we only dropped to 271 prior to pushing on to almost 300p. This could be the breakout that we have all been hoping for. Nothing goes up in a straight line and it may well drop again to about 2.85 before smashing through the 300p mark.
Thought about buying here for some time and finally got in at 266p earlier in the week. I having long though that as things improve here it could be subject to a bid and expect that this could well happen in the next year. Also at the same time bought and equivalent number of Standard Chartered.
Having made 25% here back in early 2016 when the price had dropped to around 425p earlier this week I felt it was time to get back in. To me SP movement since the low on 4th April suggests the trend is now upwards so I got in at 729p earlier in the week and intend to hold for longer than I did in 2016. At the same time I also bought Virgin Money which will surely be subject to a bid some time soon.
If you click on the following LSE link http://www.lse.co.uk/ShareChart.asp?sharechart=REDS&share=redstonecon you can view the REDS Share Price Chart. It clearly shows that since 4th April the Mid-Price has remained at 97.5p. Therefore the Share Price has remained steady for the last 12 days. This is a FACT. It is therefore misleading and inaccurate to make FALSE CLAIMS on this BB such as, �In the meantime free fall continues� and �The share price has and continues to fall�. Perhaps you would care to explain to real shareholders who are invested here why you are persistently trying to mislead them with false information at a time when we are expecting results which we have been told are in line with expectations. (RNS 25/1/2018 1st Paragraph). The only explanation for your lies would be if you have taken a short position and are desperately trying to get the SP to fall. None of us can predict the future direction of the share price, so there is a risk in holding and also a risk in selling and nobody will know who has made the right decision until the results are released. There really is little left to discuss here until we have the RNS with the results.
LR4850 Thanks for your informative post, which in NO WAY could be construed as ramping. It is unfortunate that a newbie here with a minimal number of posts appears hell bent on posting negatives, some of which are shown below to be inaccurate. Makes more sense to wait for the results - Sorry Danni if that is overly positive for you.
The AGM will be in about 3 months, which will give an opportunity for any Shareholders who wish to attend to vent their frustrations and ask searching questions. Last year they gave an ample opportunity to those present to ask questions. Hopefully this year we will have an even better turnout. However, if the results turn out to be very good then we may not get many attending at all.
Perhaps they meant to say end of March! Whenever it comes it needs to be very good and accurate.
RedstoneConnect has been nominated as finalists in the 'Reseller of the Year' category at the Network Computing Awards 2018. Voting closes 13th March - http://bit.ly/1btQJSO
I've also just read the article after MB tweeted the link http://bit.ly/2E4ETJM He is certainly very upbeat and optimistic about the future.
This must be one of the most steady AIM shares on the Market and has also seen a 400% growth in the SP over the last 2 years. Still worth a punt on any dips.
lebugue-addick - I can only assume from the title to your post that you've been PRAYING. We will get some figures in the Trading Update at the end of February. It's encouraging to see that what they said last year about the 2nd half being significantly better were indeed TRUE and that EOY figure will be in line with expectations. Hopefully the effect of the RNS on the SP will be sustained.
Phoenix100 WOW �350 - �480!!!!! Alas I suspect that you mean 350p-480. However that would still be a decent return.
"We would like to wish you all a #HappyNewYear! 2017 has been truly amazing, but as it draws to a close we know that 2018 will be bigger and better in every single way and cannot wait to get back to it - see you on the other side". Quite an upbeat message. I hope they are right and that this positivity is reflected in the share price. Happy new year everyone 😀
I'm not sure what is worse. The riddle of what became of Amit's product, The riddle of the missing money. or The riddles being posted on this BB.
In the unlikely event that they were to achieve at least 500p for 3 months, it is highly unlikely that the SP would then hover in the 500- 505p range for a full 3 month period. it would need to exceed it my some margin to remain above 500p for 3 months, that is purely stating the blindingly obviou. However it is not in any way stating or "Insisting" that they are going to achieve it. Personally, with only a year to go I doubt that they will achieve it and I doubt that you will find anyone else on the BB who thinks they will achieve it.
There is definitely nothing left to discuss here, it's all over! Accept defeat gracefully and put your efforts into something else and you will be able to enjoy a Happy Christmas and a Prosperous New Year.
I don't recall anyone insisting that this is going to rise by the end of 2018. Yes it has been pointed out that the BoD have share options and to benefit fully from these options they would have to achieve a SP of 500p. However just because they have these options it would be ridiculous to insist that they will achieve this target. In fact at the moment it looks rather unlikely. Since MB took control I cannot recall anything on here that could be decribed as ramping, in fact quite the opposite with a number of negative posts.
MB speaks to Business Cloud about Smart Buildings. http://www.businesscloud.co.uk/news/smart-buildings-bring-workforces-to-life
Actually the highest COMS ever reached was just over 11p in early Feb 2014, they then announced a large placing at 6p a share to purchase companies which proved to be worthless. This caused the price to drop to about 8p and although it recovered briefly to almost 10p it then kept falling. All this of course was under the previous CEO and it looked as though the company was going to the wall. However since the OO at 0.5p a share in August 2015 and MB taking the reins, thing have improved but not as quickly as we would have liked. All the above stated prices were of course before the 100/1 consolidation.
Taking into consideration any consolidations. Since 7/12/2012 (5 years) FJET has gone from about 3650p to 18p. (Minus 99.5%) In the same period Reds has gone from 40p to 103p. (157.5%) You see why it is not a very good comparison. How much you make or lose is determined by when you buy and sell. However with FJET it doesn't really matter when you bought as the SP has declined persistently for the last 5 years. Reds again hit a low point of about 40p in August 2015 but since then things have improved although there is still a long way to go.