"If your so concered then why not remind people of that when it was sitting below 2p for weeks on end and not every single time is passes it? Or how about below 1.5p?"
I did, look at the history, it happened but a few weeks ago on the last spike. Then I said the low price was presenting a great opportunity to buy in. Today is great opportunity to sell (or would have been earlier at the top of the spike). If you need reminders from me on how/when to invest/trade a share like this then you shouldn't be allowed near the markets.
Remember folks if you're buying in today you're doing it all wrong! Agree though that 2p baseline supported more now with LJ on board paying market price. Ignore the rampers, you may well find yourself getting spiked. Lots in the pipeline so great opportunity, just be careful listening to baseless claims of higher SPs
256p now, lol, is this company going bust? Or are investors just running a million miles from this shambles?
260p just showed up on the bid while folks trying to say there's some life left here, perhaps from the 260p level for a 10-20% on some news, the folks who bought in recently at 500p+ now only need 100% to breakeven. Disaster of a share, and the market agrees.
1.22 on bid, NFX in perpetual decline
Without wishing to be flippant, I would say that a company that severely limited sale, unviable costs, and general supply/shipping issues is garbage. Granted it wasn't always like that, and indeed started with a decent business model, but the fact is that the situation they now face is real and if it doesn't change then Fox is likely toast. The court case carries a potentially transformational payout, and is the only reason I'm still here. Appreciate your post though, well written and useful thoughts.
Agreed, company is utter garbage, positive court case outcome is huge for investors though so worth a roll of the dice. Market views company as total dog too given SP now in the negative.
Bid is crashing back down to reality
Maybe IDE will shrink to success
Back down to 75 on the bid, hope no1 is getting spiked here buying in today, disastrous share
Long awaited crumbling of the 300p support has now arrived! 290p on the bid, disastrous SP performance
Well played SB, I sold earlier into the rise in the morning which wasn't the best play! Keeping an eye here though as a continued retrace will represent a decent opportunity.
Does anyone know what the new contract is worth? Sympathies to those that have been spiked and are now 20% down
My friend's Aunt's hairdresser's dog-walker is planning to buy a LOT of URU when the clocks go back as it happens, expecting big things
Good post NickE, appreciated. Certainly makes for a more interesting board for everyone invested or considering investing here. The SP movements are painful at times here, if you're long and strong there's clearly a lot of future potential, however one cannot ignore the fact that this SP is volatile and spikes up and down. No doubt some purchasers from the recent spike to 3.5p+ are feeling some pain if they're still here, a position to reallocate as a longer term one now and consider how many of these you want to hold for potential future exits that could drive MAC value...
Reality of uncertainty around sales / revenue volumes kicking in now it seems, happy to eat these words if it ticks back up in the near term but I consider that unlikely. Small cap AIM listed companies like this spike on good news, dwindle back down, then spike again if there's any news worth getting excited about. Hopefully not too many spiked here, hold long and strong and you should get out OK.
Lesson is to sell on spikes not buy on them! If you're buying on spikes and selling at a loss shortly after you will find the share game a rather unpleasant one. There is one line in a recent RNS that makes this an interesting share to be in when the SP is dwindling:
"Four long standing clients looking for a trade exit or IPO in the next three to 18 months."
You've seen what happens when one of these clients proposes an exit that creates value, three more to go, make of that what you will.
Is that why the SP has dwindled back down because none of the ZBNI raise funds are going to shareholders? Shows how much faith the market has in URU's ability to generate profits from said funds (not a lot based on current SP performance)
Couldn't see any terms of the deal and potential revenues for SNT in the RNS, or have I missed something? Seemed vague in this regard, if they subsequently clarify some serious revenue predictions expect another jump in SP
I doubt that anyone on an LSE board will have any more information than the company themselves! The fact they haven't released anything re the court case (couldn't give a hoot about the company, it's a disaster and un-investible) is not ideal, but it's likely to be a fairly long process given numbers involved.