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PS
The London Stock Market has far lower regulaity standards for IPOs than New York.
Tells it all really.
I suspect they tried to float on New York and were kindly declined.
Kie1
The best post I have seen on here.
Well done mate.
Patagucci,
It's still valued as a multi billion pound company even after the recent falls.
Canadian companies don't have a good record when it comes to honesty.
I've seen the company's lab area and it is very micky mouse for the size of company.
I'd avoid it and wait for 120p but like most adrenaline hungry traders I suspect most people will keep buying.
Barcap
I'd wait for 120p before "adding"
Just my view....!
Just means high turnover.
Sometimes and indicstor for top or bottom of short term cycle.
Berenburg do a positive report and the sp goes up 60p then a director sells a lump of shares.
Berenburg work for DT and this smells a little.
I did post saying to be cautious about this broker.
Anyway 700p by end of week IMO
Sucking in a few on this rally.
The dead cat is bouncing.
Lol!
The Tea Lady makes a cracking cuppa and knows all the "names" at work.
A bounce off the 170p area was expected as mentioned in one of my previous posts.
Ultimately 120p is the target she expects over the coming weeks.
Good luck all
Barcap
Just doing her rounds and the Tea Lady gave me a thumbs down sign about AWE.
She's normally right.
Currently 180p.
Take care
Barcap
The main issue is the 80% of "sales" to "related" companies.
No doubt that AWE ARE making a profit and have a good product.
The main issue is valuation and possible director slight of hand.
News releases are not director announcements, we only have 1 of those.
If the 80% of orders don't materialise then the shares are worth 120p IMO.
The market appears nervous and therefore so should private investors.
Good Luck all.
Barcap
The "fundamentals" are very unclear on this one.
No one knows what they REALLY are, apart from the directors who have remained worryingly quiet apart from one statement.
No one has the facts.
The shares can go lower.
The fact is you don't know the facts about this company.
Take care all.
Barcap
The Tea Lady gave me a nod to says she expects a bounce off 170p.
Longer term though the target is 120p
Good Luck all
Nsrcap
Kei1
Great post mate
Confirmed by RNS this morning
580p
As the seller was selling a large number of shares it is clear the agreed price will be at a discount to the market sp.
So discount was about 10% to closing sp.
I would expect a bit of volatility at the open but see no reason why sp should be negatively affected.
Anything below 600p will be picked up quickly then I expect a positive move throughout the day.
Barcsp