Member Info for cornishpixie

TNP: as ever you may be right - when predicting tomorrow's fortunes most people are right more or less 50% of the time...
People sell for all sorts of reasons, sometimes they just need the cash for an opportunity that they think is better than the one they are in now (see sunk capital fallacy)
In hindsight, the obvious thing to have done was to buy sub 3p and sell above 9p. Some will have done that. Will have recognised the resistance at 10p and also the spike likely with FCA letter and likelt subsequent drop. Others will have held for more and then need to decide whether to sit out the fluctuations between now and May or take a bet that things will drift lower in the absence of positive news. Most PI's are inclined to the long position. People selling today are in effect going short - not an unreasonable position in my view. I think downwards drift is quite likely.
For the record, I bought sub 3p, sold some on the way up but nowhere near the peak and am sitting on the rest for now as I think long term Amigo will come good and predicting short term fluctuations is too uncertain in this share. If I had to day, I think more likely it will drift down from here but willing to sit it out

picked some more up at 64.5 a few minutes ago - surprised as buy price was showing as nearer 70.
fingers crossed onwards and upward from here

Always likely to be a pullback today following recent rise and no news now likely for a while.
What is less certain is whether it will drift back down from here or find a level whilst awaiting the next development, or even rise again as the overall future looks less uncertain although no-one seems to have a clear idea of what the 19:1 dilution will mean.
Anyone who knows the answer to all that isn't wasting their time on this board, they're relaxing on their yacht or luxury villa

Hoping it has bottomed out now - rereading the RNS seems to me good prospect of things improving from here in the medium term, and I think on that perspective oversold.
I've bought a few today - keeping some money back in case falls further, and looking to next year really, especially with macro economic conditions swirling around

even cheaper today

A lot of shorters will be funds where the managers are on performance bonus for gains but not penalised for losses. Encourages higher risk taking chasing gains. They can definitely get it wrong

I agree that is a reasonably likely outcome; other possible outcomes include an escalating conflict, or Putin confiscates overseas owned assets such as this, which is also possible.
Never invest more than you can afford to lose; diversify your portfolio.

OOR - afraid you will find that GB news is one of the less reliable news sources - rely on at your peril

Is PPS still subject to that dubious financing and share dilution?

and keeps on going down. Anyone any idea why so much of a drop?
I had this a while back then sold too early and kicked myself as it continued to rise. Not looked at it for ages, and shocked to see where it is.
Looks good value to me, unless the Ukraine business expands to a much bigger war, in which case lots of stocks will be struggling. Fundamentally sound business, hit by factors outside of its control such as supply chain and market sentiment - it will come back. If I can find some spare cash I'll add it back to my portfolio

@chestec - 502 starting to look like a really good entry point!
Just checked my account and that's how much I paid for them in June 2020.
Been buying and selling since - wish I'd bought some more sub 500 this time around but got a good holding and still in profit at these levels thanks to a few sells around 1500.
Long term prospects look good to me

CharlieBrown10
Posted in: EQT
Posts: 478
Price: 0.85
No Opinion
RE: Cash Runway24 Feb 2022 07:59
Let’s get one thing straight. DP did nothing to contribute to the 2020 SP rise. It was a covid anomaly. Now we are in the great re-rate and I initially thought we’d settle at 0.5p but now I’m seeing signs that we’ll most likely go all the way back down to .02p.

Maybe seeing some sentiment returning to this sector: IES was way oversold, and Ceres too perhaps. ITM too? NEL ASA?

Everyone in Look seems pretty confident there'll either be further re rate or a takeover. I had an automatic top slice set up for high 90's but have bought that back and more.
THG more speculative.
Joules great bet. Had a reasonable holding which has obviously lost value but IMO way oversold, and I bought more in the low 50's. Liked today's news

They would be better using the cash in hand to grow the business: that would really put the price up in a meaningful way

people have been predicting the end of the cinema since TV / VHS / DVD / streaming etc
People still enjoy a night out watching a film on a massive screen with sound effects and loads of other people sharing the experience. Add in the fact that cinemas are improving the overall experience with better food and seating. I'm betting that cinema is here to stay. Patience.

Sadly, given that the SP was 15p 2 years ago, it could definitely get worse from here unless market confident that the company can generate income in the future once the covid income dwindles to nothing.
I agree that for now it seems cheap for a company with cash in bank, no debt, and a decent income for the current year. But the market looks forward and at present remains to be convinced that we will still be making such returns in a couple of years time

Funnily enough I was thinking the same thing last night - not 140p - but whether it would be reasonable to pay a decent dividend; or whether they should use the money in bank to develop the company given that Covid revenues seem likely to fall further. We would all love a dividend, but as this company isn't owned and run by Tricky Trevor I can't see them paying a dividend sufficient to compensate for fall in SP.
So mainly I would like them to use the money to generate future revenue which would in turn boost the SP. A well targeted M&A that was EBIDTA enhancing for example.
The risk of course is that the money is squandered

My theory, FWIW, is that the board want shareholders to vote this down so that they can back to the FCA and say: look, we tried to make the shareholders take a punishing haircut, and they said no. Now let's agree a SOA which doesn't overly punish shareholders, whilst giving redress to those who are due redress. Meantime, they continue to draw salaries for doing exactly what at the moment?
Either that or the board are somewhere between incompetent and careless, and don't give a damn about shareholders

It's extremely hard to value shares like this - price tends to be driven by sentiment, momentum, and associated market/sector forces. They always end up overbought and then oversold, or vice versa. The £10 price is was hovering around probably reflected heuristics and the placing rather than any true nominal value.
I topped up yesterday, not even sure if that is averaging up or down for me now, but in short term price is hard to call. Have to have faith that shows potential for the longer term.