That said, I wouldn't be surprised if MMs use this as a chance for some fear mongering and play the share price today, despite the historic accounts of this company having really no part to play in it's current value - we all knew for the vast majority of last year the focus was on getting themselves ready.
GL all, don't panic - April should be a good month here - as Guy mentioned again, they're at the forefront of Gov conversations - this could even come in handy for any privatisation of passporting.
Aye, we already knew this company wasn't churning revenue in the past. No surprise there - as you've touched on, this company's market cap is not a huge deal greater than that of a shell company on the market.
This company is valued (still under IMO) on its potential - one that's finally getting close with deadlines in April and possible contracts.
The only thing that the RNS states of it's current situation is the cash position - c1.2m. Very positive, and suggests no cash raises around the corner.
I believe we'll see a bounce at this level now, I intimated 2.7p as an important level recently.
I've put a basic chart on my twtr profile (link below to this) but to summarise, 2.7p is the golden retracement level from our impulse up, and momentum indicators are now nicely oversold on many timeframes.
Disclaimer - a bounce doesnt signify it wont wick lower - but I believe it will reclaim this level before a strong rise in the coming days/weeks.
https://twitter.com/casual_journal/status/1374344797012570116?s=19
DYOR, GL.
Derampers out in force is usually a sign of a pending reversal due to market psychology. I reckon we have another couple of stagnant or down days, hit somewhere around 2.70 and bounce hard. Also, this should naturally start climbing towards the end of March as April is when announcements and contracts will start coming out.
I've put my updated TA here.
I've definitely been guilty or letting optimism away my analysis with this share.
That said, I do think it's looking strongly like a regular flat, which would mean a bounce around 2.70p. From there, I'd expect an impulse at least equivalent to out big rise up to the 4s recently - from our new base this would mean mid to high 5ps.
Do what you will with it, just my views.
https://twitter.com/casual_journal/status/1373916174317191168?s=19
Source?
All of your previous posts lately have been negative.
What is your motivation, I wonder?
There will not just be one passport used.
Stop fear mongering.
Iceland have announced they'll open their borders without quarantine restrictions to other countries outside of the EU to vaccinated individuals, including the US and UK - their two largest tourist populations.
They'll require proof of vaccination for tourists to enter.
The UK simply cannot avoid vaccination passports for international travel - and as others as intimated, even if they do not want to proceed with full passporting for national venues, many private companies may have their own say there.
https://www.ft.com/content/c41ba74d-0e34-4a73-b258-d106217b6786
Your article is from october 2020 and Yellow Card is something entirely different by the looks of things, so I dont see the relevance - it seems to be used for reporting of side effects following a medicine or vaccine. A bit misleading IMO.
https://www.nhs.uk/apps-library/yellow-card/
I disagree. I think very few actually thought a conclusive decision would be made - that was never on the cards. It was to discuss the petition that the passports are unethical.
Many of the speakers noted the ethical issues, but it was wrapped up to the effect that whilst this is all to be considered, the overriding feeling is that people want to get back to normal and that this will likely have a part to play, but a clear decision cannot yet be made. Also an acknowledgement that if other countries are adopting it (and they are) we will effectively be forced in the decision over adopting it for international travel.
If you expected a resounding 'Catenae is going to get a contract, it's all go' then I'm afraid you were always going to be disappointed.
It's just one of the many hurdles that had to be crossed, noting the positives out of it, there was an acknowledgement that there needs to be an urgency on finding a solution that enables life to head back to normal, so it could be good for getting things moving.
Apologies, it didnt look loose my original response had posted.
for my post below, 4 hourly.
Hourly stoch has broken upwards, typically I'd expect to see a base found in the next couple of hours before a late rise towards close.
4 hour for the points made below.
Hourly stoch is trying to break out, typically I'd expect to see it looking to base in the next 2 hours before a late stronger move up into close.
Everything is printing as a sell, seems very likely to me that they're trying to mop as much stock from weak hands as possible, knowing how big next week will be.
4 hour RSI has just dropped to just above 50, stoch in oversold territory - looks ready to bounce. That ties in with the idea that people will be looking to get in later today ready for next week.
Bigger buys incoming IMO. DYOR.
I believe swing traders and investors will start positioning more heavily in the next 36 hours in anticipation for Monday, where the petition to prevent vaccine passports is being discussed. I fully expect the outcome of this to be that they are necessary and we must find ways to protect the rights of the individual, and I think this is something that Catenae have thought carefully about in the last year, putting them in a fantastic position.
Shared my views and posted links to the agenda and petition if anyone wants to see them:
https://twitter.com/casual_journal/status/1369947044790538241?s=19
Hi Metal, welcome aboard. Having rode this for over a year I can tell you it's been rocky - but I've seen a shift in sentiment from the company and directors in recent weeks that makes me think you've timed this very well.
With regards to competitors, I've not heard of any other companies doing this exact thing with the same approvals and preparation in place. No doubt there will be other parties interested in profiting from this, but groundworks have been laid for many months now here, in readiness for this topic to hit the news properly.
With regards to director shares, check out the RNS from 20th July, where options were put in place for two directors between 10p and 50p.
To add to my point below, if it wasnt clear, is that encouraging investors to sell would mean that stock could be picked up at a cheaper price by MMs. They would only logically want to do this if they thought they could sell it higher - which points to a belief the price will rise.
Others may offer different views, this is my opinion only.
Hi Peter.
Some will say it's because the system tries to guess based on price action, others (me included) think there is some manipulation to hide or mislead investors in thinking selling is taking place, to encourage fear and further selling (or vice versa, but this applies to your question).
I tend to think of it as something bullish, personally.
When I say 'lower volume' - don't get me wrong, there is some good buying still going through - but for anyone who has watched this closely day in day out, that rise this afternoon seemed to happen far quicker and easier than previous moves.
I have to say, this looks incredibly promising.
- Notification of a sell out (albeit from a month ago) and then the reduction in what we think are shorts.
- This morning we've seen consistent chunky buys coming through - which looks to be someone, or a group, loading.
- Now we have the SP moving up on lower volume.
I believe what we're seeing is that MMs have picked up stock and are now letting this move. I wouldn't be surprised if that's due to the belief that this will rise in the coming days and weeks, so would allude to the fact they may have some evidence to believe something positive is landing imminently.
It certainly looks and feels that we're moving to medium term highs - 5p could well get an inspection very soon.
As intimated by others, this went to 9p on hope - a significant RNS/contract would blow this up.
Steven King is a bloke who's been selling into this rise this week and we've still posted another green day.
Happy that we've got a keen seller reducing their holdings and still held firm. A month ago we'd have been firmly in the red after such an RNS, now we have willing investors spotting the opportunity afoot here.
Will likely be a long term holder so could well have picked these up at a very decent price, so I'm sure hes made a tidy profit. But plenty more to be made here IMO.