RE: £60m MCAP8 Oct 2018 20:03
Whilst I completely agree, from a technical and fundamental point of view, there are two big issues:
1) Distressed seller. People don’t want to buy when someone’s selling large round-number chunks on a daily basis, even when it’s right at the lowest price above support. I get the sense that they’re nearly done now as the rate of dumping has sharply decreased, but still. Will take a couple of days without for buyers to feel comfortable.
2) PR! We’ve had two lots of Ewoyaa results, two lots of Dorothe results, the annual report, promotions and appointments of new key staff and yet the company have said f all to their UK investors. Lots of PR to the likes of Tribeca in Singapore and a variety of majors in Oz but the twitter account is dead - doesn’t even tweet RNS any more and definitely doesn’t answer investor tweets. Last interview was June.
How many non-investors read our RNS? 20 maybe? How many watch proactive and listen to Vox? Hundreds.
There’s a reason they’re not bothering now but I don’t know what it is.
Aside from that, all is golden. Company is 100%+ undervalued. Especially when you compare to some other mcaps (no names)