Hi Bishop did a test trade and the MM will take all my stock in one go, been a while since that was the case so certainly looks like we are on the up. Perhaps ENSI shareholders are buying in to VELA ? be a good way for them to benefit from the share price increase in that stock which has not been reflected in the VELA price yet.
Volumes looking good this morning and a strange Blue colour has appeared on the price. I thought my monitor must be faulty at first as this is usually a red colour but looks like we may have found the bottom. C'mon Joe time to get positive as we are well undervalued and money to be made here.
@THGambler thanks for posting and backs up my estimated valuation. This to me is a no brainer to keep accumalating at these levels! Eventually the value of our investments will win out. I still remain optimistic about our SGSC investment but even without attributing a value to this we are still well under valued at current share price.
Just tucking a few more away into my ISA over the next few weeks.
Still think we are trading far too low even with any negative news built in and just a sniff of good news from St Georges Capital will be transformational to the share price. In all honesty after the RNS of 9th Nov I am shocked we are trading back down at these levels but an update could land any time as stated "The business combination is expected to close in the first quarter of 2023" and I would expect news flow to increase thereafter.
A very honest assessment Duke. For me two great RNS' today firstly Tony keeping the market informed of developments as should be the case but this news was already built into the share price so wasn't expecting fire works today. The second RNS also to be honest expected as obvious Nick had decided to offload a few of the cheap shares he had picked up but great news they have been absorbed without any negative movement which shows good market confidence. Anyone prepared to leave their money in here for 6-8 weeks should see a decent return those prepared to wait longer however, well that's another story : )
No doubt he will be along soon save us all from being invested in this "dog of a share" must be a pedigree though : - ) Nice to see some upward movement this afternoon but lots more to come I feel. GLA