Member Info for covmutley

Not too bothered how the market reacted today. I doubt anyone INVESTED here was looking to sell off the back of this update.

I'm confused, its showing as a sell?

And another strong day so far.

Not sure if this is just reclaiming the ground we never should have lost, or perhaps some news getting out?

Cheers Bruce, you just made me add another £1k ;)

At sub 80p, it seems a complete no brainer.

It's a fair point. We all understand that the projects won't happen overnight, and so we obeying about daily, weekly or even monthly SP movements is a bit silly.

Human nature, I guess

To be fair, I think people have been robbed by the over reaction to the July trading update and the continual downward sentiment since then.

Only reclaiming some ground

Thanks for the replies. 20p would be nice!

Certainly lots of news to come before next calendar year. Let's see how it goes!

I will be honest, I know basically nothing about this sector. Have about £5k invested via SIPP which was from top slicing some multi bags. I put my money here partly because I like the frequent and transparent updates, like the fact PJ has a lot of money in it and I wanted something fairly risky but with good upside.

What do people think the share prices potential is in the next 1-3 years please?

Yes no debt, past the 'spend' stage and firmly into sales, and recenty added £1.4m to the kitty.

Nice uptick today...

It's painful, but I'm not worried.

Just have to keep reminding myself how much the directors put in not very long ago.

That's a big buy! Surely you don't do that unless you have serious faith. Helps me stay patient!

This fall has been tough, but I'm yet to sell a single share

Exactly. Yes there are multiple projects, with news due this year, but somewhere down the line some have got to be successful.

Risky , yes. But we know PJ has put his money where his mouth is and this mornings RNS is hopefully one of many more positive rns' .. I hope!

Just added, again.

Breaking my personal rules now, but just reminded myself of the mcap and simply couldn't resist .

Just a case of (more!) patience. Cash flow sorted, projects moving forward, directors bought in with a substantial sum at a higher Sp ...

It has been a painful year so far though!

Is the market misunderstanding (or being cynical) about the recent £1.4m. That's the only thing I can think of.

They confirmed growth, so makes little sense !

The update may not read as all positive, but it is entirely as expected, and as presented by them just a few weeks ago.

Buying opportunity!

That must be the back of the 90's. Should at least be back in the 120-130 range as a start!

Not a huge amount of new info, but consistent at least.

Still saying 2nd half will be higher, still saying significant growth. Confirmed no debt, plenty of manufacturing capacity, that money from the placing is being used to strengthen balance sheet and buy more raw materials to create a buffer.

Their discussion of the covid related problems of formulation seemed credible.

He did say they will set out plans on road to profitability in next few months. I guess we don't know if that was the plan all along, or a didge of your question.

It's a steady ship in a positive growing market.

I should have topped up yesterday! Still, at least I didn't sell a bean.
This company feels exciting, and solid.

39% increase in revenue and 27% drop in sp currently.

Either market expected more, or mm playing games?