Member Info for davey50

I'm not disagreeing BB but somebody a while back sent me a message saying have I gone through the accounts here and pointed this out.

The Directors note that majority of the Company’s current liabilities at financial year-end relates to a debt with a group

Company which has been a feature for the Group where the debt structure is fluid and is driven by current business

objectives of the Group. The Directors regularly review the Group structure and involve advisors to optimise and

complete future operational and business objectives. Furthermore, the Company’s subsidiary undertaking, Silver Star

Ltd., will show forbearance, if required, in demanding repayment of the amounts due to it until such time that the

Company has sufficient funds to repay it.

Naturally having a good day as people notice the cash is multiples of the market cap. They have not noticed that liabilities are multiples of the cash though.

NT to buy at the open so indeed the seller could be out or close

YU. issued some stonking numbers yesterday and they were sold off but OPG really is a bargain

We already knew that thanks to BSE :-))

I just do not understand with all that cash flow they could not pay say a 0.5p dividend, what happens today, usually results days are good when people see how good value OPG is but the market is terrible atm. First mm Singer has opened up much higher at 10.5-12.5p, I have a feeling the rest will copy and have a nice wide spread

Just remember that big seller might have none left to feed the market and if they have a few they will clear in the morning.

I'll go for 0.35p bid early doors

Clever mm's sell a bundle of stock and now expect everybody to sell it back to them for a huge profit which tends to happen. And so greedy too 0.292p bid when they have sold millions at 0.31p+

Must be working the last of "New Technology" group, they must be so close to being out now then I think 0.35-0.45p is achievable

Yes the penny market does need a cull to make it stronger. There's probably 100 or so awful stocks that will never ever generate returns, they have been set up to pay the mortgages of poor management. Why work for £20-50k a year when you can pay yourself £200-500k a year and be management and under deliver.

I think Kefi is one of the worst, my mate put £40000 in Kefi, since he bought in the market cap has now trebled yet his £40000 is now only worth £230...straight up....that is criminal imo

Newuncle.

Just about, I was disappointed with the results and the much lower cash balance. I was actually hoping for profits and the same or improved cash unless it was all used on debt reduction. Yes I was very keen and it still might represent excellent value to others but I'm sort of falling out of love with investing. Not far off 35 years I've doing shares and right now I feel like I need to look less and spend more time away so this is the least amount of stocks I have held for ages and I will just trade for now unless something really good catches my eye. It's a brutal bear market for penny stocks too, most of them have took the mick for years and years delivering nothing and doing funding after funding paying them selves silly money and I think punters have had enough so we could lose a lot of bad stocks this year and next which should fuel the recovery out of this bear market for penny stocks

Enet is a good share to trade if you go against the herd ie buy when they are panic selling and sell when they are chasing a 10-20% spike, 3 times they have chased it over 0.35p recently when it was 0.31p offer so today was another opportunity to get a trade in, then again the market is pants and people are selling everywhere but if it goes blue they tend to pile in.

Looks a lot better online today no signs of a overhang, nice wide spread but if mm's is now tighter it could easily move on low volume. I'll buy some more and see if it goes blue

I still think in this market if a company put out a RNS and said "tomorrow we will be going bust" people would still buy.

Last 10 trades are buys, for some reason punters still love to buy Vast when it looks almost certainly doomed.

You mean you dumped it and want in cheaper, you certainly leave a trail of destruction, what were people paying yesterday 1.3-1.4p high now 0.7p bid and dead and of course the usual suspects are long gone now

I just noticed it was 11.15p to sell and 11.08p to buy so I sold 50k and bought them back, £25 quid profit after charges. Might as well take advantage of free money in this tough market :-))

Ascendant shares moved up 12.5% yesterday. Normally very quiet had a couple of decent buys on the TSK

174k pays 11.44p, they drop to 150k and they pay 11.05p, I still find it amazing people with money do not test limits and pay way less for slightly smaller amounts, they could have bought 150k then bought 25k right after and saved themselves £500+

Nice run of buying late on, if that can sustain in the morning then happy days

No wonder the penny shares are dead when the mm's refuse to make a decent spread.

Diversity will probably keep going until 29.99%

That seller certainly wants out at any price