The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Sorry, you seem very adamant in your stance so can you please explain how short covering (as in BUYING STOCK), and famously associated with the term "Short covering rally" is going to create a LOWER share price? An increased short interest would be be expected to lower the share price as it involves more selling..
The short interest here is a wildcard for longs as all else being equal, the repurchase of 9% of the company's stock should lead to a viscious rally, especially if a catalyst manifests itself that requires those shorts to close in quick order..
For those who want a more balanced perspective than someone who has just sold their entire holding (or a current holder for that matter), it should be read thoroughly and the context appreciated. What does anyone really expect going into funding negotiations? BCN would have a clearly weakened hand in any discussions if they were not able to self finance, so this headroom is necessary to allow them to be in as strong a position as possible. Non news.
Mate, the gibberish on this board will be the extent of what we agree with.
They've been pretty open about the low revenues and drivers behind that; and they've been proactive to respond and modify the business model to be able to monetize the content. Show releases hasn't been on par with early expectations, but what does that really matter.. Resources have clearly been diverted into something that will be revenue generative in the future (the mobile app/feature). Content can follow, and what was the point in getting even more content out there, when they were sat on a vast library already that they couldn't earn anything off with VR adoption slower than forecast?
You don't rate the guys, fine. Look at the network they have built around them and the acumen of some of the recent appointments to the hierarchy. These boys themselves may not have the "professional" experience, but word is they are likable lads and are getting the MelodyVR foot in the door at a lot of the big names in the industry. Sometimes you need some likability and other qualities in there along with the brains and credentials. That's what really makes a team.
If you don't see this already as a near nailed on pre-packed take out target, then my goodness..
"I have long come to the conclusion that this share is a daily traders delight"
8 trades in two hours, 20-30 trades most days this week, and a day traders delight? Ok, whatever you say. I suspect you sophisticated day traders will be completely locked out if anything material drops, along the lines of a sub service with a big name, or a simple takeout.
How you and your ilk can say the current team are achieving nothing is laughable. They are aligning all the ducks in a row, required for the growth and expansion to deliver revenue growth in time. Also, such ground work makes it an easy acquisition for anyone looking to add this diverse product to their existing models. No idea how you consider mobile streaming "starting from scratch" when its admittedly a response to lower than anticipated VR adoption, and a very clever means of monetising their vast assets and content catalogue. At a loss to some of the garbage people write on this forum.
Agreed with IP. The nonsense ramping is much of the problem with this market. Too many have brought money into AIM, been duped by unfounded ramping and multi ID exploiters who have sold stock into them, and nursing big losses money are just leaving the market.
This is why all the oil hits last week produced such a muted response, and has contributed to the unjust decline here on moderately bad news. I recognize posters in this forum that were ramping another stock to high heaven not that long ago, citing a stance of inside knowledge of the book etc, all while clearly having no relationship with the MMs on the book, clearly spurious, and that was while that share was at 50. Its now 2. Said promotion does not help.
In the instance of I3E, looking back 12 months the share has fallen 75%. Ask yourself if you think that's reasonable and if the news to date is sufficiently negative to warrant that. Always DYOR.
Trying to sell what they can. If 28.3 or whatever is a sweet-spot for buyers and sellers, they will work it there and pick up commissions. Worryingly, CANA now wanting a piece of the buyers, and instantly panicking PEEL to follow suit lower. Really hope that is not an indication of more sellers getting in the mix, as CANA have been relatively idle until now.
Completely agree with the sentiment.
The only qualification I'd make is that HUR is unbudged off a nearly £1bn market capitalisation, and not being overly well versed in the stock I don't know how much is factored into that mammoth value. I3E earlier today was not much above £20m.
As speculative as this is.. having fallen 50% or so on the last RNS, beaten into submission by seller(s), you'd have to envisage that given the projected NPVs of the projects even on a dimished scale, even the slightest semblance of positive news or sentiment could see this make an explosive upwards move.
@aden69 - I agree with your comment in theory, and AIM is a sham of a market that basically operates as a big boys club for a few, to fleece the many. But in this instance, two of the largest shareholders are selling, and most of the buys to soak this selling up will be from private investors, that having bought higher than the current price (huge volume churned in the mid 30s), will now be moving on to the next opportunity. Unless replacement IIs / sticky money can come in, not sure what more we can expect if the II shareholders continue to abort ship.
Email sent too - hopefully its a case of more the merrier. Grim stat MG, but reflected in the now oversold readings, and with the share on the brink of a kiss of its 200DMA, everything looks ripe for a major bounce. Perhaps the company reaffirming the market could be that catalyst.
Agree with the sentiment here that an update here must be incoming; or hopefully IG is right that if it doesn't affect us, no need to mention it?
Unfortunately NS1, your view is that of many and that is why AIM is struggling, placings can't get away etc. And it is hardly surprising.
The companies are just playthings for the MMs to do what they want. Signing up with AIM brokers, getting to know a few characters, share a few drinks & get them loose lipped, and you'd never touch this market again. For me, it has to be something of truly exceptional value to invest in now I have an even greater understanding of this market's inner workings. BCN is just that and will be about the only AIM share I'll hold. Whereas the main markets are a stacked deck in your favour (QE, governments wanting higher markets etc), AIM is a stacked deck against you as volumes/commissions dry up and market makers have to get more creative to pay for their city excesses.
This share price is getting silly; purely Berenberg going wild, walking it down. Struggling to see what the downside is here, irrespective of the Ganfeng outcome.
We have to remember, that prior to the Ganfeng offtake agreement the closing price was 27. It is currently 31, and since that date the Co has also proven up Zinnwald as an economically viable asset with a project NAV of 428m! It was only after that Zinnwald release that the company went on a share price run. Post the Ganfeng agreement and before the Zin release, the share price was just 25p!! It can hardly be said the market was overly enamored with this deal, and if it doesn't happen, that won't distract from the fact this company has two monstrous, post Feasibility assets with NPVs in the billions! In a space forecast for significant growth, this will go unnoticed even if it is not Ganfeng who see it through to production. Its absurd a company with projects running into the billions in value is being driven sub £50m market cap, just because market makers at this level can do what they want, and Berenberg are opting to run it short.
I think later rate moves will be influential to any year end FRES predictions. I also think it might be ambitious to see such a PM rally on such a telegraphed by the market move (the 0.25% cut). That said, the cheaper this goes, the better value it looks as a longer term prospect. Demotion from the 100 would be my main concern if the bleeding can not be stemmed. (come off a long way from the £9 or so just a fortnight ago.
Bottomzup, interesting post and I agree with the rebuttal of the original post about TA being useless. It is anything but. What I don't agree with, which many are guilty of, is the complete and utter misuse of technical analysis due to its extreme subjectivity. That makes it completely useless, or worse still, deliberately misleading in the wrong hands.
You mention the banks and funds that use TA, which is a hundred percent true, but they use it because the practitioners in-house are trained and qualified in its use. Is the average Joe who learns TA and claims to be some aficionado on the LSE boards in the same boat?
You like your analogies. So, I am guessing most who use TA learned through Google or some two-bit unregulated trading course, and have never used it in a paid professional environment. Would you trust a doctor to operate on with the same extent of qualifications and experience? If someone watched some google videos and did some work on their car, would it be reasonable if they called themselves a mechanic? Would you take your car to them for work, and trust their opinion - or would you want a qualified and experienced mechanic. Blatant misuse is TAs biggest problem, and creates the misconceptions that you see from the original poster.
Interesting theory. Cannot see why the board would be complicit with it though, and would have to be somehow involved to an extent?
Do you not just think it is a major shareholder liquidating their position? There is a distressed feel to it, and the seller seems prepared to let shares go irrespective of price, even at all time lows. We have been led to believe (through buying activities and press, where they've stated they are happy buying MTR/MOD), that Sprott see value here. So Is this not just a case of a large holder liquidation just not being fully absorbed by a fearful buyside at the moment?
Shocked to notice just how low this one has dropped.
To be fair to the BOD, I expect purchases might be hindered by attempts at negotiating commercial deals. It might be more worrying if they were buying stock, indicating they were at no stage of negotiation with possible counterparties.
Regarding the RNS to explain the drop - the same could be said across 99% of AIM it seems at the moment, as well as the wider markets and FTSE 100. Charts since October look pretty horrible across the board in these last two months or so, with a significant portion of individual stocks falling into bear market territory - not that that technically applies to individual stocks, but means essentially falls >20%.
"As for me - I made my thoughts/position clear in early November."
Which was what, exactly? All I recall is bull chart after bull chart. One support and pivot point after another.
Anyway, what does all the above regarding disappointing MOD developments have to do with your charts? It means zilch to TA. So for you to be a self-proclaimed Technical Analyst who has supplied endless bullish setups here, I don't really get the contradiction of now blaming fundamental analysis factors for their failures. A technical analyst in the true, legitimate sense, would disregard anything that has happened outside of the chart, and surely you are well versed enough with Google to know that too. Fortunately for you, its easy on these boards to maintain the charade and illusion by continuing with whatever fits. The reality is that your price and entry points based on some of the most naive trend line configurations I've seen are no more reliable than anyone else's guess...but of course, to get those £9.99 payments we'd better keep that one quiet. Luckily its easy enough just to delete all the failed charts, and reset the record.
Hard to disagree. Significant open market buyer at work and still unable to stop the rot.
All this needs now is the resident Technical Analyst to come back (seems to have gone quiet after so many conviction price targets), and call this a sell or declare having sold. That way, we should all know that the bottom is well and truly in.