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Absolutely with stocks that have no fundamentals - but CPI is not one of those DYOR, read the RNS's assess their position/situation.
This stock is a massive recovery play, huge upside.
The company will release news when it has it.
But... businesses benefit hugely from their relationships and here's what we have so far
1. Deloitte have been awarded a 145m contract to manage the scale up of the country's testing capacity
2. Deloitte have already successfully partnered on testing with Mologic
3. Mologic are already in bed with ODX
Who will Deloitte run to for tests?, someone they know and have successfully worked with or some joe off the street?
Doh! maybe Mologic?!?!!
Who will Mologic go to when they need manufacturing capacity?
Again wonder who has that, maybe ODX?!?!?!?
Do the sums people, when this train leaves the station it won't be returning back here...
Could put a rocket under CPI and burn out our resident shorter "Sandbar Asset Management LLP"
They obviously saw it coming, started closing positions on 27th Jan
Sandbar Asset Management LLP 1.24% -0.08% 27 Jan 2021
No brainer for Mithaq really, bargain basement price - in a sector that is heading for exponential growth at the end of this pandemic, which is not too far away.
As much as the govt gets stick about it's handling of the pandemic - it is covering most of the bases prevention, testing, detection, containment, treatment - all the pieces are falling into place and then the support money to firms will stop and you've got boom time for MANO.
People power indeed - the old adage "united we stand and divided we fall" implemented to good effect.
Can only imagine, the results of an active surge like that of GME on a company like CPI, a company with solid/strong fundamentals. Not to mention the warmth from fire of burning shorts!
Even the pandemic has not slowed CPI appreciably ( e.g. Nov10 Trading update, the 1billion navy contract and others etc)
This current level is a prime time to build positions and accumulate. BUY and HOLD that's the action for CPI.
I wonder why there is a difference between 2019 and 2021, what could it be? maybe I should compare my apples with oranges?
Of course there is a difference, but RR have taken action, made provisions for this period, given the climate and in comparison with peers they are as SOLID as ever.
Damn the de-rampers are out in force today! shorters trying to close? army of sycophants mobilised?
The de-ramping here is almost AIM like!
We're talking about RR. a FTSE staple with SOLID SOLID fundamentals - this company will recover and strongly and then bye bye de-ramping shorters
Really???! which part of "Hold while the buying pressure builds" don't you understand Punter?
GME benefitted because people bought and held while shorters where trying to close positions
Go ahead sell if you have any
Definitely possible for RR to benefit from the sentiment towards shorts - RR shorts where at almost 6% in Nov2020.
Though shorters have closed enough positions now to be below the SSR notification threshold, very very possible they're still hanging about manipulating away.