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Held these since float & have done relatively well being up nearly 50%, but now being held back by large spread, fairly mundane dividends and no apparent growth. I’ll hang on until end of year results but unless there is some positive news I think I’ll bail out. More potential elsewhere.
Looks like that without some positive news from Capita this will continue to drift. For the next level we need to consolidate above 52p & from there I think we could move up gradually to around the 65p mark. Once year end figures are out I think we’ll see some substantial uplift but I really do hope we don’t have to wait that long for the next leg up.
Report on ITM from Motley Fool today.
Generally positive but didn’t recommend due to valuation & risk.
Just wondering with Schroeder’s increasing stake whether this could be building for a buyout.
I think, but correct me if I’m wrong that an offer is mandatory if they hold 30% or even if they are intending to hold in excess of 30%. Personally I hope this isn’t the case as I think long term rewards will be far greater than any buyout offer.
As we know the value of this share currently, as stated by Barclays etc is in excess of 70p with more to come as results, contract wins news etc is announced. So whether the short term price is 45p or 55p is largely irrelevant. Just need to hang on in there.
NoFear I’m almost exactly the same position as you with 150,000 shares at 46p average.
I think we just need to be patient for a week or two until those wanting to sell are out and we wind up with some more medium/ long term holders
Hoping this will now consolidate between 50 & 60p with hopefully 50p acting as a base price (although I wouldn’t be surprised to see the odd retrace below 50p.
I think for the next rise above the 60p level we will need a contract win or some other positive RNS.
I do believe that after the year end results we will be looking at around the £1.00 mark.
Having now as a very long term holder (150K shares) managed to average at 46p I’m keeping my fingers crossed for the future
Have not been following this much but pleased to see I’m back in profit but what has promoted this dramatic rise?
I would be disappointed to see this go for less than £1.50. Having turned the corner with profits for the year end likely to be around£150m I believe 2022/23 is going to see some considerable gains. We know there is £50m cost cutting being implemented, rents are reduced, pension shortfalls are down to manageable proportions, debt has been restructured & is reducing fast, and a few more good contract wins could see profits in excess of £200m and growing.
Next week will be interesting with a bit of a sort out of holders. Those glad just to get a bit of profit or even their money back will be out and hopefully replaced with those looking for longer term goals. There will still be those trading these on highs and lows but I think we will see a shift in the targets of investors which will hopefully be positive on the share price.
The day has at long last left me a profit. I was initially attracted to this by the now somewhat discredited Neil Woodford back in the days when he was buying at £10 & I thought it must be value at £5 . I also took part in the rights issue. Luckily. I bought fairly small volumes at these prices but as I learnt more about the company started buying in around the 30p and now hold 110,000 so after a disastrous start looks like it’s going to turn out OK at the end. I will hold these at least until year end results and possibly a lot longer.
There seem to be several different takes on institutional holdings from the 96% shown below to around 75/80%. I wonder if the difference could be some calculations show platforms such as HL etc as institutional when in reality they are representing PIs.
I think this week will be pivotal with those who have lost faith seeing this as a good opportunity to bail out being replaced by new investors looking at this as a good entry point.
Looks like profits on target for a full year of around£100m. A P/E of 15 ( not unreasonable for a public company in sound shape with growing revenue) would give a valuation of 1.5billion roughly 2.5 X current value so Barclays 80p looks achievable over the next year or so.
Overall very positive but would have liked to have seen a bigger debt reduction.
Seems that we will now have to wait for year end results although hopefully once the market has digested this we might begin to see a steady rise starting next week. I would hope for a sustainable move above 40p initially.