I think the market is digesting the news and we will see a rise later this morning or early afternoon that update was good....we knew revenue would be down I think the we need more light on the debt reduction.....
To be quite frank I do not see any problem with long term holders selling some stock, I have chose not to although I have traded some in the past I hold circa the same amount of shares I did 18 months ago I have some share I trade and some investments I class my BMN stock as investment so am prepared to hold for the medium/long term although I am disappointed with the SP I am not Disappointed with BMN and FM and very comfortable with my holding...The SP will turn at some point the fundamentals do not lie and the vision, direction and management of this company is better than some Blue Chips I hold....at this level it's now a strong buy and I may add on anymore weakness. GLA
Yep the directors knew something, that was a very good Q1 trading update given the circumstances.....however that's my opinion and not Mr Markets but I do expect a rise.....this is still way too low.
I still believe in FM and The Bushveld story and have no intention of selling been here circa 6 years but am still under water as although I bought in at an early stage I averaged up as the stock rose....it is depressing to keep seeing the SP fall and I suppose you have to ask yourself why? why are people off loading at this price? it does not make sense to me? am I/we missing something.....
when we get the trading up date and see all this has had little to no affect on sales this will be £3.50 plus as we near that date the shorters will be fully aware of this and will start to close....if they are not already doing so, boo are such a massive growth story that I can't see much that will stop them....yes the have got to get governance right but they have already started in that direction also over time it may bring the margins down a touch but that should not be too much of an issue when you are growing at over 30% and margins at the moment are excellent......you will not stop this BOOHOO HOO HOO TRAIN...
I did say at circa £1.60 this was too low..so at £1.38 I now feel this is way too low I have been adding and fully understand it could go lower but feel this should start to pick up as we start getting back to some sort of normality I await the half year results ....the still need to address the debt but that aside £1.38 ? really?
I can also imagine some in flow from tech stocks.....I still feel there is plenty forward movement on the SP but will certainly add on any wobbles......
I got out recently at a huge loss was warned by many....as much as I admire AC the guy is a bit of a dreamer going off in various tangents....I think the straw that broke the camels back was them manufacturing masks ffs. anyway good luck all....
couldn't agree more that's why I make very few comments now, the board has been cheapened by a few idiots and tbh it applies to a few other lse stocks where I used to post.....
however you will not see me de-ramp boo to get back in at a cheaper price they are a great company and I hope the rise continues for all....I think when they got to £4.30 that was a little rich but I can certainly see £3.50-£3.60....GLA
I sold out most of mine yesterday when it headed back towards £3.00 managed to get circa £2.96 but just took my capital out and kept the free shares....however although this is now a free ride I can't help thinking ive moved to soon and feel this will continue upwards....even when I sold I had an idea it would continue north but thought it may take time...its not unusual for me to sell too soon ive done it a few times now and could kick myself...