The smart metre expansion is going to pay off very well I would say, where the costs of construction installation etc are less than the asset value the money is being put into reserves (possibly more expansion in the pipeline), and retained assets being used to bring down production costs (higher future profits from the other parts of the business), the next interim results should be off the charts :) I doubt this share price will remain below 40p for much longer in the short term, in the long term 60p plus should be easily reached. Up 15% at the minute :)
Think the only way is forward now for Quiz, hoping to cut up to 3m in costs is a good sign, continued online growth, and they shouldn't have to sell at a discount again. House of Fraser clearly took its toll as well. Half year results should probably come up with profits in the hundreds of percent higher than full year results so it will all reflect on the share price in time, time to start buying In again now for me, glad the share holders haven't over reacted to todays pre lims, investing is a marathon not a sprint.
Probably just the larger investors trying shake out the weaker investors again so they can buy up more shares at cheaper prices. Same thing going on with me other investment Fulcrum, only takes a fair sized drop and people panic, then before you know it someones in there buying up large chunks. I'm using the opportunity to buy up more Quiz and Fulcrum while they're low :)
cwebb07 sorry not been on here for a few week lol yeah pretty sure on Fulcrum, just bought in again this morning and got a good holding now just a few percent away from profits now, bit of uncertainty over their CFO has been holding the SP back but it won't last :) the new smart meters contract on top of existing contracts should see a nice jump in profits in time.
Scooter you should see some serious returns from that then. And yes Redge i'm expecting the share price to drastically improve over the summer, can see the online sales driving some serious growth right through to 2020 :)
Looks like the institutional investors have mostly gone now :) shouldn't be much more price manipulation going on now :) the float was recently at 63.64m but now stands at 117.7m and the share price continues to rise, total knee jerk reaction that they will live to regret, fund managers are completely controlled by short term results, if they decide to start buying back in this share price will go bananas haha
Well yeah the demand for the share determines the share price up to a point, but obviously if volume spikes then the market makers have got to slow it down some times to cater for larger orders etc, thats why the spread will narrow if volume starts hitting highs, hence why i mentioned strong market opens pushing the price up and then the volume narrowing the spread and keeping the gains. Without the strong market opens and no quick rise in the asking price the volume would just keep the share price low.
The market open is often the time when the s/p will be most volatile because the spread is wider until volume kicks in and then the spread narrows, if we get a jump in price like this morning and it stays up there on volume the spread narrows and then the s/p stays up. As for the market makers there is countless reasons i suppose why they control prices in a certain way, one for instance would be if they were working in a large buy or sell order from a single order, they would keep multiple sell orders at one price to facilitate the one large buy order.
Would expect a breakthrough past 25p this week and then hopefully stay above 25p and build up to 30p a share. All depends on the market open everyday and wether we get a generous spread each morning. Market makers have seemed pretty keen lately to let the share price move about so anything is possible really :)
Shouldn't be too many doubters left now mornington, this should just be the beginning of some large jumps up in value after a massive market overeaction :) anyone who got it at around 14p a share is laughing all the way to the bank lol