The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
it is not good for the nerves! I agree that itll go down to the final day, unfortunately.
Are you just going to gloss over the fact that the drop was because of the huge accounting discrepancies? You make it sound as if it fell just because there is a small free float and a few people decided to sell. There were huge issues here and they have been rectified so it can now re-rate. Spot being disingenuous.
well the SP is pretty much at its height for the day which is good news. At least there hasn't been a sell off. If the SP can hold then it can easily grow over the coming weeks. £2-3 not unreasonable in a month or so.
This was so undervalued and damaged by the accounting issues that ti was trading at a discount to cash. Not very often that you can buy cash at a 75% discount but well done to those who did. Now for the real re-rate please! True value is a long way from here.
Synchro - you shouldn't be surprised as you address the main point yourself. The RNS has settled the market's nerves and that was what it was all about. Investors would have been waiting here to see whether the tide has turned. The RNS was a sign that it has and people are buying off the back of it. After such a long period of (rightly) negative sentiment the SP is rising. There is a lot of ground to make up here and investors buying at these levels will do very well. Onwards and upwards!
Hi Phil - I had the same initial reaction as you! The RNS isn't on this website for some reason but if you look at the RNSs on Bagir's website or any other website such as London Stock Exchange then you will see the RNS in question.
"The Group has remained in a cash positive position throughout 2018 and continues to have no debt outstanding." They have nearly as much cash as the mcap. Whatever you think about their accounting practices, this should be worth a lot more than what it currently is. Keep deramping all you want to get the couple of percent you are looking for but the long term holders will be the real winners here.
Are you trying to offset that by de-ramping badly? The truth is that the SP should be somewhere between those two positions. To anybody sensible this means a significant rise from these levels. a nice halfway house is £5 per share which isn't unreasonable.
This month should see a decent rise. Even if you are a trader and want to sit out the main event you could buy now and sell at about 3p in a couple of weeks I think. Not that I'm encouraging traders! I'd much prefer a steady rise well past 3.5p and then up to 7-8p over the course of the next 12 months.