I can see why people we're buying in yesterday, could have been a leak
Looks like there's been a lot of block trades today so could be an institution getting in - could get a TR-1 drop very soon.
This is just speculation though, I could be completely wrong
We're looking at over 10x average volume and the day's not even finished
Price has randomly started to rocket
@ Castle2012 "We could see ourselves in the top LSE performer's tomorrow"
We're currently 2nd
Today was a weird one, up almost 10% to down 10%. I think there's a few reasons this happened.
1. People buying into earnings and enjoying the momentum leading up to the release; they will have sold towards the end of today no matter what.
2. People buying into earnings hoping for a good earnings report and jump up tomorrow - they will tight stop losses in case things go badly in the report.
3. When the US markets opened everything dropped, this in the afternoon coupled with (1) caused the price to go negative. This along the way started triggering (2)s stop losses.
I think this is what led to such a turnaround in the price action. This isn't all bad, many who have no interest in the result but just buying the rumour and selling the news may have been shaken out today along with other just trading the earnings. Could mean more strength tomorrow however starting from a lower base, we'll have to wait and see.
A lot of chat about customers having a surplus of cash so going for more high end. I think the concentration should be on September and school shoes. The consumer wants cheap shoes that will be quickly grown out of - you dont spend a lot on kids shoes for them to move up a size in 6 months. Hold for September IMO
at this rate we'll be at 40 next week!
@Tryingtomakeit I agree, I also think they’ll start improvising and finding ways to sell meeting Places online whilst carrying out much smaller scale events. I hope we get some traction tomorrow
Bought in just above 20p, I understand why this has dropped so much being in events. However, its P/E is currently at 3, cut profit in half we're 6 P/E, this is still a cheap stock. looking forward to move up.
GLA
change my last sentence AIM investors do run around like headless chickens but I don't think they completely lack investment skills.,
to - AIM *participants*do run around like headless chickens but I don't think they completely lack investment skills.
Right, I know AIM is something else but we dont honestly think participants in the market are that short sighted do we? If I say the car over there is going to be worth 5x its value in 12 months time would someone with sense really go nah, I'm going to wait 11 months until its 4.5x its current price, then i'll buy. You could also add i'm going to have the car certified (LOI) proving its value that will double its price in the coming weeks - the person still wouldnt buy? AIM investors do run around like headless chickens but I don't think they completely lack investment skills.
" The LOI approval, being the intent to purchase power granted by the Pakistani Government, is the next major step required in developing Thar Block VI. It will then provide Oracle and its partners with the ability to proceed to financial close. In the context of the COVID-19 pandemic, it is prudent to expect possible delays. However, we are hopeful that the process will be completed before the next Joint Coordination Committee meeting which is expected by the middle of this year or earlier."
This doesn't sound like FC is 12 -18 months away, are we sure we understood the call, EVERYONE said it was a poor line - just doesnt fit with the other recent update
Had some big sells today but also some equally big buys. Some didn’t like what they heard, others did and are investing. There’s still a lot of good news to look forward to, LOI, millions being given back. As we get to financial close there will still be developments hence the quarterly updates, you don’t start doing that if the only thing to update on is 12-18 months away. You need to ask yourself, what is this firm worth, if it’s above where we are now then buy don’t sell, if it’s below then sell don’t buy. I personally think we’re still undervalued, even more so today. The investors getting in today know the facts and they’re still buying in. This is a billion dollar project, the vast majority of AIM listenings operate in the low millions. Not what we wanted but believe, there’s many out there willing to put money to the side for longer than two months and multibag - they’re still incredible returns - don’t rainbow chase