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well it's certainly heading south today. the director of R&D should have waited a few days before buying, he could have saved himself a few thousand!!
Time will tell. I've just doubled my holding at 411.5. I can't see any reason for the drop today but maybe news will come.
Strange you should say that. I bought into Hyder after their profits warning and then doubled up the more I looked into and researched them, seeing increasing value and backed with cash. I bought into Xaar after the second profits warning. I didn't get in initially after the first warning but was very tempted. Also just seen the latest RNS today about the R&D Director topping up with 25,000 shares at £4.20. Happy to hold here and may add if it drifts down. Good luck
Very pleased with the gains made here today. Explains the recent upsurge in volume I previously mentioned. All those insiders making a fortune again!
Very quiet on this BB for this one. I bought in after the profits warning at around 400p and am happy to hold. I topped up before it went ex-divi as well and am looking forward to the update at the end of July / beginning of August. The volume has really picked up in the last couple of days as well which bodes well. Solid company
I took the opportunity to sell my small holding on the bounce up today. I bought in at under 6p anyway so it was no great loss to sell out for just over 5p (I held my nerve when it was heading to 4p though). I think that given time the new management will deliver but an over reliance on two big contracts isn't at all reassuring as neither seems secure and would appear to be under negotiation currently. I had thought I'd hold on until the AGM that I was looking to attend but as it rallied today I took the opportunity to take my money off the table. As far as I am aware the Go-ahead contract was lost to Petards (PEG). There is hype around PEG at the moment as their recovery is underway and they are boasting contracts under negotiation that they are hoping to complete soon. All a little uncomfortable. I have no actual knowledge or information that First and Arriva are in negotiations with them but since they appear to have taken Go-Ahead and are the competition in the train sector it leaves me uneasy about having my money sat in C21 on balance. I hope they can turn it around but there was virtually no glimmers of positivity in their belated end of year results. There appears to be decent margins in the sector but if you don't get the work you're still stuck with the overheads and a 17% reduction in labour isn't going to off-set losing one of their remaining two major contracts accounting for 75% ish of annual revenue. Cash in the bank can quickly be eaten up and raising new funds can be difficult with an already depressed SP. I will keep it on the watch list and I'm also looking at PEG as an investment currently but haven't done nearly enough research into them yet as they too have had turbulent times!! In fact maybe they should merge!! Seems like a good place to leave this little rant. Comments welcome. All opinions IMHO
Yes they are a good company and I will look at getting back in at a later date. The trouble for me is this share tends to drift on no news and isn't very liquid with little volume. I know that was one of the reasons for consolidation but with the months between news the spread gets ugly. I just feel my money can be put to better use elsewhere currently. There is also the lawsuit / dispute in America that hovers over the company. From what I gather it isn't affecting production at all but could crop up at some point and at the very least it will demand resources and finance.
The company aren't going to make any friends putting the trading update out at midday rather than first thing. I sold up a few days ago. I was expecting the update roughly inline with last year. When that didn't come and the price was riding high I decided to get out. Currently down 20% on the day at the moment. It could have gone the other way and all expectations seemed to be for a positive update. Lucky escape on this one for the time being.
I think the results are going to be far than convincing for most shareholders that have bought since the RNS about their new battery technology. This is a long hold position but I think the SP will retrace to around 30p in the near term until there are some solid results or concrete developments. They may take the opportunity for a placing as well with the recent price hike and attention. I remain sitting on the sidelines watching this one for now.
I almost bought in today when the SP was 8% down but was searching for the news of why before taking the plunge. Oh well, my loss for the time being, AVG remains firmly on my watch list....
thanks pablo. I have RNS alerts but this didn't pop up as it was RNS reach. I should have done a little more digging. another good day for SP I see....
What RNS? I have been looking at SeaEnergy for a while. I can't see any reason for the recent rise in SP. I'd be grateful for any insights into the recent rises. Thanks
They have 14th November for results on their website: http://www.volex.com/Investor-Relations/Financial-calendar/index.html Last year was w/c 29th October. Or are we expecting a statement in advance of that?
Not sure what's going on with the SP here today. Some big sells earlier on and now lots of single figure sells going through without any buys. No news from what I can see today and results not expected for a couple of weeks. Is this MM's putting together a big buy order in the background or potentially selling off due to a leak of lacklustre results to come?? 6.5% down on a no news day for a share like this is a little odd. Any thoughts welcome....
I agree, definitely ii's at work. No other explanation with that volume and no RNS / news. Going to be interesting to see what happens with the SP over the coming days....
Good rise today bouncing back from the recent sell off. I nearly topped up again a couple of days ago but oh well, I'm pleased to see it heading back in the right direction.
The spread on this share is ridiculous; squeezing sellers and offering little upside to the buyers. I want to top up but can't justify the offer relative to the bid