Member Info for Bitbuybit

Average volume (past 3 months) is 13.72m - yahoo finance.
This is expected to be reached by 9am showing a lot of interest in this stock.
Most stocks have had a covid bounce now and it’s looking like shopping centres are next......

GL

Unbelievable

Well that shows how little I know.....never seen anything like it. Good luck you jammy .......

Cheers

And ok I agree 12p next stop ffs

Lots of people were chasing a pot of gold yesterday and I imagine the volatility has put a few off. I’m one! Got stopped out when I walked the dog (very frustrating but I didn’t lose money).
Will there be a pull back to start it off again?

No clue but too risky for me unless it falls a little

GLAH who weathered the storm

I live with a woman and she’s chomping at the bit to do her tank at a shopping centre. Hopefully if this keeps rising it will fund her shopping experience!!

Glad I didn’t. Still puzzled by the drop though. Looked like fairly decent news to me.
Any thoughts?

Matt

Followed by a couple of 20 grand buys!!!!

Looks like confidence is returning.......

Bbb

If your spelling is like your predictions, I’m ok thanks x

Agree with stretchum here......not even 10am. 20p is feasible tho I’m not that lucky ??

Blimey - been watching this and saw it fall back this morning to under 6? Thought that was it but looked again and decided to follow the RNS.
Got in at 7.1581 for 10k worth. Praying I’ve done something smart for once

And your reasoning?

Couldn’t agree more - hoping for a great day

Can’t deny the strength here now. Chart is looking very positive indeed. 30p after lunch no longer unrealistic

GLAH

Was 24.4 the smallest of pull-backs?
Certainly seems like a lot are determined to get in at under 25p while they can.....

You are likely to get spiked on those - not so likely on this one for sure

It’s certainly looking good now. A few shares have rocketed lately on very little. I’m kind of thinking tomorrow may be a strong open then a sustained rise. Of course it’s wishful thinking but I’ll be a little conservative - happy if it finishes in the 25’s. Anymore and I’ll be going bananas....

GLAH

You are both boring me now :-) - have a drink ffs

And a great weekend

To clarify, if they’re mentioning covid-19
It must be pretty recent. Does anyone have the link?
Regardless though, this companies income is recurring and is not expected to be affected much by covid 19 (see CEO statement in recent RNS). Add to this less new cars and more old ones and the roadside recovery part that accounts for £800m odd of income (with tremendous margins) should fare well IMO. The insurance arm is developing well and since when did people NOT shop around for the best deal?

Debt definitely needs consideration - pension situation I will look into further so nothing wrong with the heads up there. (Appreciated)

For me though, it’s a business that earns well but has a large mortgage. The mortgage it should be noted has been around for a long time AND is always well managed in advance. Hence the recent drawdown and nothing to fret about until 2022. (Again see recent RNS).

This is a recovery play with risk (of course) but for me has the best risk/reward opportunity around.

GLA

Matt

If the source of that comment can be included in a link then I’m happy to look more at the negative side. Without a link though I can only assume it’s the same Berenberg that put a sell recommendation on this share but with a target price of 65p. See AA broker ratings top left on this page.

Matt