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Been in and out of this for years. It listed at crazy price. There is a store where I live in the shopping centre. Always empty. Just too expensive compared to the competitors. Who are always having sales. Going bust….no idea but Wilco store is just along from quiz. Sign of the times I think. May take punt if this fall continues. Best chance is the family buy the company back.
Lots of overhyped companies have dived in price since placings like this. Stuff like boil. Now down to just 8 from over 20. This stock has had a great run from 6.5 and a placing was expected and normal. But now there is plenty of new stock and the price will struggle to move up as quickly as before. The herd will move on imo and might return to the other companies in the same area that have fallen away sharply.
Yes it’s stupid. Not the deal or the raise at a premium. All the red tape and the need for a pointless admission document. Expensive and pointless. We were told that this sort of nonsense was going to be abandoned in U.K. mkts. What is the point? No wonder investors are so disillusioned. The proposed changes by lse need to come in to stop all this rubbish but of course lots of people are making lots of money out of these old quill pen rules that achieve nothing at all. Good stuff by the company of course but easy to see what they are up against and why no new companies want to list on lse or aim at the moment and look at other stock mkts. Red tape galore, little investment and valuations that are the cheapest in the world. Sorry for rant!
As the company indicates in the rns there is little point in continuing with a listing. The discount to nav is huge and the mkt is not interested in this type of company. My guess is that the company will delist and holders will get bits and pieces of cash back over the next couple of years equivalent to about 60. So I will hold these and might even add if the price falls to silly levels. I recently received a slab of money from a delisted company that was much more than I paid. You have to be patient but the assets here are 4.5 times the current price. This is the problem with the U.K. mkts at this time. Cheapest levels ever and no liquidity and stupid red tape
It is a great bank for customer service and was the only one who opened up an account for my 16 year old. Plus at an hour when all others were closed. The branch is right next to the busy shopping centre but is always empty. Why? What services do they offer? I once had a small business loan but that was closed. i never hear from them about anything.
So very happy with Metro for convenience but no to the shares. Not a real bank
Sure got a chance if rns released
Thanks for Mpl. Already in profit despite the spread. Punting money only but a company rns would help
Sold 70 per cent of mine this morning. That’s over 150 per cent. Fantastic rally. Well done to all holders.
Said on here it was a bargain at 32 pence. Good price to sell is somewhere in the 40’s. I think it hit 43p on the last rally from 30 pence. That was nearly 50 per cent. So I reckon we might see about 46p before the inevitable selling. Taken together that will mean over 90 per cent. The days of this stock being at 200 pence are long gone. Times have changed here but there is still a lot of money to be made with great vol and tight spread and constant movement
Another 52 week low today. Little real value here despite all the ramping. What is the low? I think about 8 pence with lows of 5 pence. The listed companies have not done much and the unlisted are not worth anything like the value given.
We all have different opinions but the reality is the price is going lower and lower and many on here are losing an absolute fortune. Meanwhile the shorts have made a huge amount. A pile of dross.
The mkt seems very worried about the drill. All this talk of water etc. If it is a dud what then?
52 Week High 53.00
52 Week High Date 12-Sep-2022
52 Week Low 18.75
52 Week Low Date 31-Aug-2023
Might be. I bought some of these at just over 4p and sold them at 13p earlier this week.....but still made an overall loss. It would have been a big hit without my last two sales. Thousands rather than hundreds. I have put in a few hundred back in this morning. They have a decent amount of cash. I would be pleased just to break even on this.
Worthless now. I sold some at 13 and 13.5 to reduce my holding but still ouch. But that was the gamble and we lost.
I paid 2.5p so a small loss but there you go. Better than the 1.2p it was this morning. So many small caps are at bargain levels
Reduced debt by $4 million during the quarter to $75 million as of 30 June 2023, a $68 million reduction from $143 million at 30 June 2022
The company is bankrupt. If they sell all assets it wont clear the debt. The recent placing will clear the interest I guess. They need a £30 million placing at 5p really. Could they get it away? I dont know. Struggling on. A company with hundreds of BTC, tens of millions in the bank, no debt....to this.
Yes...4 pence this week. 5 pence on the way soon
52 Week High 2.80
52 Week High Date 06-Sep-2022
52 Week Low 0.625
52 Week Low Date 29-Aug-2023
Falling knife. got to bounce soon but 15p is possible first
The rally continues. I am expecting 4p and then a steady move to over 5p. I am nearly on a double and will sell half then. These are thin bear mkts. Best to build some free stakes I think in these higher risk small caps. Hold them for a few years …no risk….and some will soar by ten and 20 fild
52 Week High 3.00
52 Week High Date 16-Sep-2022
Had a punt on these below 0.8. Recently rallied to nearly 1.5p and was double that a year ago.
A small cap so punting money only for the moment in these very thin mkts