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So there have been some big drops on PURP but I have been shocked again! my shares are worth £1.47, down from £460.
I don't think this company has a future. Not that I want this outcome. but I reckon PURP will be in liquidation by end of December 2024.
Fair point I think, sometimes you have got to just sit back and wait. Its a shame when that happens, but I'd sooner wait for some serious news than a load of empty headline grapping stuff, because people will end up ignoring something import if we swamp media in nonsense.
The real pain in this lull period is the nonsense with the spread 10%!! when the SP has either been up or do down 1-2%. That sort of spread makes shares illiquid or attracts the gamblers, neither is good. Hopefully things will get better next week.
Yes it's all bit of shame.
7-8 years ago this was riding high. I only put in 500 but now I would loose more than the residue value
It all seemed to go wrong expending overseas.
If shareholders really think that directors are running the company into the ground, maybe it's time to start building a group to oust the directors in the next agm.
Not sure what's happening on this board today, perhaps it's just time to chill.
Broadly I am happy at the moment, the only thing annoying me is that the sp is yo-yoing at the moment.
I am happy to just sit back and wait it out.
Interesting and unexpected gap up this morning.
No RNS. Perhaps SCLP has just been oversold?
Only fly in the ointment is spread being a high percentage of the rise, but maybe we reached bottom weds /Thurs this week?
Oh dear what a sad state of affairs I traded this a number of years back and made a small profit at the hight of market.
Thinking this was a winner, I brought back in at a lower price (thankfully a Lower stake) and then it crashed and seemed to hover around the £1 value for years.
Today after furher collapses, here we are at not even 8p.
Not even enough value to pay for my transaction fees for selling!
Hopefully this is not the end for purple bricks, but it does look the company has crumbed in less than 10 years
I think the issue has been misguided expansion into the US and Australia.
strictly the price should drop tomorrow because the money for dividends is committed tomorrow and this is the normal run of things.
That said I think if you take the punt there will be a rise tomorrow because of the ex-div date, I think that anyone buying will not get a good return if they try to make the ex-div date. The better play would be to wait, buy share sometime after the ex-div date and get more bang for your buck for the next dividend payment. The only thing to consider is that final and interim divs are not the same. But if you are are buyingh for the divs you are not going to worry about missing one div payment.
This is why I keep an eye on the spread. Circa 3% isn't great, but far from abnormal for AIM listed companies. Its not so high as to put buyers off because of the initial hit. I don't like it when the spread is greater than actual sp movement because you can't get a feel for which way things are going.
That said the choice to buy a company like SCLP should be made on an understanding of the company and having an idea as to valuing the company. Good luck fellow holders.
Good to see some good discussion on here.
At the moment the only fly in the ointment seems to be the spread. At 5% it's big enough to put buyers off and that could drag the price Lower.
I don't want to see SCLP slip any furher, I am thinking of topping up and I think this is a pretty good buy in price. But a 5% spread is a big upfront hit and its putting me off a bit
SSE
I've held SCLP since 2012. quite used to periodic spikes in prices. Nice to see we have been in the mid to high 20s for some time now. Yes its has been higher than this, but basically I am happy to see SCLP hold value rather at the moment rather than end up as a momentum trap. Lets hope we can hold on to this value and sustainably grow during 2023!
In haven't looked in on PURP for serval months maybe even a year. Got to admit to being surprised.
My shares are worth £10 now. Costs £13 to sell.
What went wrong? Bank in 2018 (i think) this was £4 a share and now I wonder if chadvines might be right and PURP is done. sad
Well the results look pretty good to me. I will be checking my cash ballance will a view to a top up. With results like those it's tempting to think QQ. is on discount.
Let's see what happens Monday.
I see where you are coming from CB, but I a more concerned that this will cost money (after all people are providing a service) and its money I would prefer to see go towards progressing the company towards commeical goals.
That said Adam has always made sensible contributions on this chat and I am happy to give some latitude and see where this tweaked appoach takes us.
Crikey VCB2, sorry that you have made a loss, but my average is much higher than 87p. Wondering if I will even break even now lol
Its been a pretty disastrous 12 months for BOO for sure. I am sure there is a fair amount of speculation on BOO at the moment, but I think betting on future sp values is bit of a mugs game. Best leave BOO alone at the moment a wait for the green shoots of recovery before touching BOO again.
Intesting post Krush. I think I would like to see Adam's email. I can't identify if a copy has been posted here.
I was not impressed by the TRx "deal" as there is very little information on line about TRx and the "about" page on the TRx website gives the impression TRx might be a one man band.
I am sure Suzy is not an idiot and that due diligence was done and that there was reason to think TRx had something to bring to the party.
From a practical point of view stamping your feet and getting angry with TRx isn't likely to be good for any relationship, but as other posts on here suggest there might be a time when the relationship needs to be terminated.
I think what to know is how credable are TRx, do they have anything to offer, is there a reason why there is little public info for TRx, what evidence is there that TRx is a good fit for VAL?
I don't think there is much here, it's been drifting down for no apparent reason and today it's spiked back up to where it should be. I don't know what will happen next, a furher drift down or another spike up. However I doubt there will be much reason for the company to comment unless we have 2 or 3 days in a row like this with no reason.