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Someone’s loading up today. Will hopefully be reflected in the SP soon
I don’t think it needs a breather, it’s barely moved price wise despite a considerable increase in buys. It looks like it’s been held down, unless there’s a big sell order in the background. Either way there’s a lot of buy pressure building which I’d expect would be released soon and it would guy 70p +. There’s a small free float here so moves tend to happen quickly
Hard to feel they’ve got the strategy completely wrong here. They’ve spent significant funds acquiring companies to grow the diagnostics division only for them now to look to divest it. Those funds could’ve have been used for the therapeutics division and avoided a value destructive raise now. I’m really unimpressed
Yes I think it's a good change in strategy. ESG space is crowded and with a lot of ESG goods, it's often thought to come at a cost or even be less well performing (heat pumps etc). Changing the positioning of ITX is a good move.
Tbh I can't believe the SP dropped so much, but that was in part due to bad comms and lack of faith in the management due to poor expectation management. This is a reassuring RNS and I expect it will re-rate sharply from here, perhaps even doubling the SP in the coming months, given the low free float. That's just the tip of iceberg to where it should be. £22m MCAP with £8m in the bank and £7m recurring revenue, which will only increase at a compound rate and break even expected this year.
I topped up earlier today at £1.59. Against what I had planned to do, because I'm already heavily invested here, but the sheer disconnect between the fundamentals and the market made it an opportunity I could not ignore
Bodes well for Wizz
https://www.bbc.co.uk/news/business-68398421
I also dreamed about flying pigs
Looks like the seller is now out, after those 2 £58k sells
It’s a basket case
No the CEO and CFO haven't put any skin in the game, only the chairman did.
Very small purchases, but good to see nonetheless
RENE tried to raise funds last year and failed. The writing was on the wall then, if people chose not to see it then more fool them
Whilst I agree there are some rogue companies/BODs on AIM, that is not the case with RENE. There was no manipulation here. They threw out a final hail mary to get the product commercialised but couldn't gain any interest. The precarious nature of the company was laid out VERY CLEARLY in black and white in the RNS. If people are too stupid to read or understand it, then there really shouldn't be investing in the stock market.
Looks like a lot of people can't read RNS. I did warn people but others thought better. It was spelt out in black and white and yet some people still can't see the wood from the trees
The SP is dwindling because cash is also dwindling and the company is still to commercialise a product. People are losing faith, whilst the company is getting overtaken by other OEMs
Https://www.wsj.com/business/airlines/boeing-finds-new-problem-with-737-max-fuselages-8ee225b9
Problems mount for Boeing. Ryanair will undoubtedly be impacted