RE: Momentum21 Aug 2024 16:16
New Unc,
The figure often quoted is 93p from the research note. These are nothing more than. Marketing tool, ie a sales tool! In their own literature they state this and say this is not financial advice etc. In my 16 years of investing I have NEVER seen a share price within a research note hit! NEVER!
Lots of people saying this should be this or that….the only thing worth looking at is the current share price and volume. Very high volume of late but with minimal movement.
Why do companies list? Namely, to raise funds which HEX did on listing! They will do it again at some point, this is pretty much guaranteed, it’s what companies on aim do! This will impact the share price in the long term. It’s important to add that investors on boards like this only want to see and hear positives. This share has the potential to increase in the short to medium term but in my view, not by the expectations of the vast majority on here.
As I’ve said before…I’m
Not negative on the company, I’m just saying exercise caution on expectations. Get in, and get out with a profit before you get screwed, with unexpected bad news, delays or other. Seen it time and time again! I am in buying at both 19.3p and 20.3p….so hoping for a steady rise, with the hope of seeing 28-32p over the next 6-8 weeks. Not anticipating anything more than that. There is a profit to be made but exercise caution when listening to 50p, 70p 93p or even the recent….this should be valued over £1! Value and actual are often two very different things…and the market is rarely wrong!