It would be foolish to discount the effect that the corona virus could continue to have on the markets, but so far this company has been largely untouched by it, and sentiment overall seems to be improving now that oil prices are beginning to steadily rise again, which seems to be the benchmark. I increased my holding a few weeks ago when the price to buy was 3.6pence and it is now 3.8pence to buy and the annual results due at any time. Could we see a doubling of the price on good news? . who knows for sure, but the indicators for good news as I have already mentioned appear to be very favourable based on company information released throughout the last twelve months. Therefore I am holding firm to my personal belief that good news is just round the corner and if the worth of my holding gets a knock back from either the virus problems or unexpected bad news from the results, or both then I am willing to take the hit and dig in for the longer haul recovery. I have always been aware o f only buying stock with what you can afford to lose and I have never waivered from it. That said you only make a loss if you sell at a loss rather than digging in for the revival. All my own ramblings as always and not to be used or acted upon as if they were based on anything other than my own opinion.
I have never understood the relevance of the spread when you can still make a profit. If you had bought in rather than sat watching this share recently, you would already have been able to sell at a profit. Also with the yearly results due this month I cant think of a better time to take a punt on the results being extremely favourable this year. Nothing over the last twelve months leads me to believe this company will not be showing a healthy profit and so far I have not seen any posters on here disagreeing with that, and would welcome comments from other investors if I have overlooked anything which would sway my belief. As always it is only my own personal judgement on information available to all by this company and not to be assumed as fact or acted upon in any way. Once again good luck to all long term investors.
Final results next month and based on last years results and comments by the chairman I am expecting profits of 4million plus this year and that I feel is a conservative expectation. Should see a considerable rise in the sp too. Obviously only my opinion and not to be taken as fact or acted upon in any way. Good luck all.
I keep thinking of when the directors bought more shares a few months ago and then blink got on board and now 10 million customers compared to just over 4 million, both of which would have been on the radar and we all know that when this share goes it really goes. I personally think we will be leaving AIM and joining the big boys in the next two or three years.
Even better if it is. I just find it odd that the directors would buy more shares surely knowing that the yearly results were not going to be particularly profitable.I think a few good new contracts must about to land in the not too distant future. Lets hope so anyway.
1/4 million shares showing as sold @ 6p. If they have really been offered 6p for that many shares then I believe even more that something positive must be just around the corner..As always just a gut feeling and not to be acted upon. Good luck all