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Blanco saw organic growth year-year of 20-25% in the previous 5 years and this will start to benefit Rgs in h2. Js don't you think this acquisition taps into a huge market which will continue to grow in the data age we're in? Margins on technology repair are low in comparison to the fruits Rgs can reap from Blanco/data erasure division
Around 75-80% of these are held with institutions and private investors. When trading updates hit the market it will become obvious that the company is undervalued and trading at a significant discount. All the market needs is news/results/updates and I expect this one to be away on it's journey and gradual climb northwards.
Rhae, good strategy. I've switched to something similar this year and shuffled the portfolio around. Breakout looked clear once 230 was passed here so a perfect opportunity yes, and will be interested to see where this settles. Hopefully the upwards progression will be accelerated by the trading update which will probably be on 15th judging by previous, and then the half yearly report in March. Perhaps people are building positions ahead of the both? Js why the slice at 285? Are you trying to trade the swings on this? I'm taking a long term view here, think the data erasure/Blanco acquisition will give some real growth over next 5 years on the back of sp decline earlier this year. Good recovery play imv
Looks like a chart breakout and 3 month ceiling broken, best time to be buying/to up before new range is found. Been watching this since summer and looks like I timed my entry in the late 230s well
Just read his piece now, thanks for pointing it out. There's quite a lot of research out there and been tipped by quite a few people. Tipsters aside, and I don't tend to follow many, the forward looking yield here is enough to demonstrate that this is cheap and organic growth across all divisions is very encouraging. Good cash balance. Solid fundamentals and a non-cyclical stock. Perfect for a good 3-5 year hold
I agree, new trend should come soon enough with a good recovery play throughout 2015. The acquisition of Blancco was a very shrewd move by the management and taps into a huge market place. Organic growth elsewhere too
Took a few this morning ahead of results in Feb, watched it since IPO and 2016 yield of 8% is very healthy. Good growth story, impressive management and shareholders on board, long term quality stock under the radar and bb is very quiet. Let's keep it this way and have a steady share price increase over 2015/16. Buy and hold
Low valuation for a company producing circa £1m profit. P/E ratio circa 8, dividend and good management. Should this be seeing new highs shortly and the trend continuing to nearer £1? Hard to argue with the fundamentals, and a nice quiet bb which is always the best
whoevers brave enough to call the floor, 13p looks pretty stacked on bid and RSI well oversold territory so downside should be limited from these levels, he says holding onto his tin helmet
In utter disarray here. Week after one of best wells and this. I know market is in a bad way and oil falling but this is absolute mad prices.
Buys still outweigh sells, down 10%, trading at a ridiculous valuation, go figure
More buys than sells now as smart investors take advantage of an unbelievable valuation on a company heading towards 2000bopd soon. Long and strong here but don't like to see such drops
There you go, big buy, blue book, similar buy v sell ratio, and no upwards movement. This is a shambles
I can guarantee today that a few large buys will pop up and have absolutely no effect on the share price. AIM mm's are a shambles at playing share prices like they do, over exaggerate everything
Bringing it down on absolutely nothing, can't believe the price has got into the 14s after the last 3 months hard work plus top broadcaster flow rates plus acquisition. Mm playing on fear it's a complete farce
Larger forces at work on the book again.
Morning shake then take it up today mm
And doesn't out block buyer know it!!
Agreed confounded. They would be stupid to let the scenario tide mentioned play out. Pure short termism all round, and on markets, rationality always prevails in the end, always. Keep the faith and buy in hard times to hold for long term gains. Best way. Besides October has a nack of being a volatile month for market corrections. Too much noise, stick to targets, Santa rally not so far away.
Iran warns that OPEC indecision will hit oil prices. Minister won't bend over to Saudi for too long as both have different tolerance to lower prices, Iran needing higher. Kuwait more likely to be with Saudi but Venezuela and African countries with Iran. I don't think they will let a deep seated rift play out so will all have to act together accordingly. Worries being overdone by mm and for clarification Malcy isn't in this for a quick trade! He can spot undervalued companies, like caza and hur, and will go long.