Member Info for davey50

Total squeeze now. Just 1000 available at full 113p offer.

Off to walk the dog, hoping for more rises when I check in later

I mentioned SAL with a similar market cap with miles better fundamentals and business and that is moving now.

If this was a decimal stock it would have buyers all over it. For some strange reason a £2 mil stock at 1p is miles more popular than a £2 mil stock at £1 even though it's no difference whatsoever.

I've read numerous results from similar valued stocks and some stocks worth 4-5 times as much and none have a sound business or balance sheet like Sal so now the sellers are out after a long time the free float is tiny and stock is scarce until a price to tempt somebody to sell a few.

Ah just checked it's 1000 max online so somebody is buying and having to do online max each time, no other way atm to get size unless they pay a premium

So it should. I'm watching stocks double and treble worth the same with no fundamentals whatsoever.

This has a growing business, a huge cash balance, new network rail contracts signed, growth, cash generation

and all for £2 mil market cap...oh I forgot to mention it makes profits as well.

It's tiny because that is all they can probably get. They could have easily used the RNS to mention any news but there is none, the spike was caused by a load of guff posted on here and telegram no doubt leaving the usual greedy idiots who paid over 0.4p and 0.47p high well and truly trapped. I did try and warn people oh well

Always makes me laugh this stock, same old waffle but we all know the next placing is going to land any time for more huge dilution. They do not care it's been long past the point of being a viable genuine stock to invest in, just a pump and dump stock for the usual suspects.

Cannot get over the valuation here, they can change their name now and again but the company more or less has done nothing for as long as I can remember which is low turnover and big losses and cash burn.

Remember this We-Chat deal and E=Purse were signed over 5 years ago and they do not generate hardly any revenue and with so little cash they will need to raise funds at some point. Keeping it very real here

Worth reading SCGL RNS history. Despite joint ventures, acquisitions etc etc they struggle to get any meaningful turnover.

Personally I would wait for the half year report this month or next.

The point is decimal stocks for the only reason a few k can buy you millions is the only reason so many stocks are popular.

I bet if this was a 12-17p stock instead of 0.12-0.17p it would not have had any interest and spiked because there has been no reason for the spike in the first place. Sadly there will always be novice investors get impaled on the spike like those paying over 0.4p recently.

They are "not" 0.005p stocks

Is ENEG a love child of Enet and Eleg.

Why do punters love the loss making rubbish on these markets.

I can give you a list of superb value penny stocks. Mafl and Sal for starters but because they are 0.005p they never get pumped.

Newuncle.

The price should never have got so high anyway. If people are too lazy to research and pay 300-500% higher for a stock with dire fundamentals on no news then they only have themselves to blame.

I've said numerous times there's loads of tiny stocks doing well or represent great value and nobody is touching stocks making profits in this market which is bonkers.

The ramping to cause the spike was ridiculous

Would not matter anywhere. Seems the rampers cannot work out that the turnover is so tiny that any revenues they do get from We-Chat they are miniscule. Cracking ramp. I wish some of these people would ramp my stocks they have more spin than zebedee. Imagine a stock 5 bagging in a week on sweet f all..and in a bear market...crackers

Newuncle

I remember the abuse I used to get for warning people when it went from 0.2 to 4p for no good reason.

Market cap £2 mil...better value out there for same price. SAL is dull but their business and balance sheet is miles better than this for the same valuation

For under £2 mil market cap you can buy a solid stock like SAL £5 mil+ turnover growth, profitable and cash generation and a huge cash balance...stocks like this should be doing 300% not this SCGL

Looks like somebody has read my post and bought in 5k lots. Overhang should almost be clear now.

One of the best valued small caps on the market, deserves to be a lot higher

Yet the turnover is less than £200k a year so clearly any revenue from it is tiny. It said in 2018 it had 1 billion active users so in 2023 SCGL have no revenue and no cash left.

The pump is over now...bigger delayed sales coming in at a regular pace

Wow newuncle you are not that daft surely. Go to trade data and go back 2 hours and you can easily work it out.

The last 5 mil sale at 0.3775p sold at 0.4p bid