Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Seems like, during lockdown, Marston's brewing facilities have been going full tilt. The big majority of their product being sold in cans/four packs.
Price per 4X circa £4-4.50 (haha, Alleluia Moses to that).
So, what does it cost, ex works, for a 4X pack, must be a few 10s of pennies?
Hi Noel, I can chat if you want but I don't do charts as I believe charting for small, lightly traded, stocks is just pure mumbo-jumbo.
ECK is a small IT stock and, unlike many other UK companies that are drowning in debt, they have cash in the bank, are mainly Covid impact free and have exposure to UK and US markets. Also, unlike much of the basket case AIM market, they pay a modest but steady dividend.
ECK have been growing fairly organically for a number of years. They might carry on as they are (which is a long term bet), or might attract a bidder/private equity interest which will give a step change boost.
All the average investor can do is wait for:
a) a bid
b) progressively improving sets of results
Otherwise, my end, not much more to say I'm afraid
Apart from a handful of lucky punts, AIM has been an absolute disaster for small PIs. I'm now wondering if the so called "junior market" is due a nasdaq style re-rating (with AIM's preponderance of tech/bio-stocks). According to today's Times, since Covid, the market for mini-stocks has out-preformed the FTSE 100 and is on course for a full (pre-Covid) recovery.
Only a thought but if Opti get caught up in the same whirlwind?
Gibsonj45, ok but London Stock Exchange had it down as a "N".
N = Non Protected Portfolio
Amounts to the same thing though, a tiny trade goes through, around close of play, at an artificially high figure. Then, when the market opens the following day, a large PC drop is flagged up. As if to "frighten the horses".
The last trade today went through at a relative high ball price of 56p and comprised 2 shares that changed hands for a total consideration of £1.12.
If the last trade today sets the benchmark for tomorrow, then there may be an exaggerated percentage drop flagged up (as opposed to using one of the other 99.999% of trades that went through @ <56p)
..but if Capita can be restored to a more secure financial footing, will this increase the likelihood of a bid for ECK?
https://www.cityam.com/capita-share-price-jumps-on-reports-of-private-equity-bid/
..reason to maintain good gut health?
https://www.bloomberg.com/news/articles/2020-09-07/covid-19-patients-may-have-prolonged-gut-infection-study-finds
if anybody else is curious, you can go on the main London Stock Exchange website and download an excel (csv) list of trades and see where this is coming from (i.e. a seemingly large share price fall expressed in % terms vs little or no trade and a steady share price around the 54/55p mark).
Seems more like a market reporting anomaly.
The last trade to go through last night was for an oddball 62p (for 157 shares), the trades before that were all sitting in the 56p range
So ignoring the "rogue" 62p trade, not much change today
Rooky "Not as much % improvement during the last financial year as the previous year"
Also caught my eye but, within the results, ECK go some way to explaining this by saying they had an exceptionally large contract win in 2019 (not necessarily a bad thing!) which has distorted YoY figures.