Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Bloomy - fair play to you for your honesty.
FWIW I think setting lofty SP predictions (and I’m talking about 20/30p etc) in the SHORT term is simply yourself, and others, up for disappointment. Don’t get me wrong, if it happens I’m very happy but I think those kind of numbers are not reality - short term - as PaulFG points out, and you would do well to pay attention to his words, we need a few factors to come together - not just the licence reinstatement- to get 30p or around that level.
Be happy with 10/12p on licence reinstatement on its own.
it’s pretty bonkers isn’t it?! i think a good part of the issue is this stock is generally very illiquid. the mm’s don’t hold a lot of stock. when there is any shift in demand you get these very exaggerated price movements as the mm’s rush to protect their margins. why do you think there is such a wide spread constantly? lack of liquidity. the mm’s are very reluctant to take up a lot of stock.
i also think the rns they just issued actually confusedthe market and the mm’s at first. they thought it was regarding the licence! that’s what i think, anyway. it’s why the price immediately spiked then dropped back when they realised it wasn’t!
****show!
JJLH - we all make mistakes in investing no point in beating yourself up.
It has taken a long time to gain traction especially in the aerospace sector but it’s happening now and the pace is accelerating.
Don’t give up now after all these years when imo this is on the cusp of pushing on. In terms of utilising their capacity they’re at about 50/60% right now IIRC? So maybe expansion will be proposed in the next 12 months or so if growth continues apace. I think they are pretty sensible management.
Just to add to PaulFG’s excellent summary of Greg Martyrs interview with Zak Mir - great interview btw very illuminating- the upside case NPV $235m is worth 70p per share.
So that’s base case 43p upside case 70p - and this study was completed in April 2022. Since then Ti02 product prices have increased.
Same trend today? A few lost souls departing thinking the grass is greener?
Then FOMO kicking in later as people start to think about Monday morning red dot….
Whatever We shall see. F1 has got it all there in his copy and paste posts….😁😉
MM’s using v low volume to gently guide the price down to find a level of demand. Subtle tick down this morning after last nights UT at a price it had barely hit all day 37p.
No matter. I imagine those test sales must be conversely ticking up
Applebee - yes except that CMET have gone on record as stating that they have a very good working relationship with the body undertaking the review - BOI - and it is also worth stating that the BOI have a different role/agenda to the GSMB in that they are there to promote trade and inward investment into SL.
Nice try though. ;)
One other technical observation on the 6 month chart around the 4p level was previously a support level so this is now resistance and explains why we bounced off it. If we can break through 4p conclusively it looks v good.
F1 - reading what you said about the technicals i went and had a look. You are 100% correct.
SP has smashed clean through all DMA’s including the 200. Interestingly three previous times this year the SP bounced straight off the 200 but this time …. Knife through butter.
So yes fundamentally and technically very bullish.
So these are the guys reviewing our licence case appeal. This is their Mission Statement:
“BOI will work in a positive and speedy manner to fulfil Sri Lanka’s potential to attract and retain quality investment that leads to an enhanced export base, and brings more and better jobs, enhanced knowledge and skills through new technologies and innovations.”
https://investsrilanka.com/about-us/
Time to deliver boys…..
Where do you get that from jolly? Nowhere have I read universally bad. My research indicates a largely satisfactory harvest though not spectacular (within five year average) The only crop which seems to below average is oilseed rape
https://www.premiernutrition.co.uk/harvest-2023-update
https://www.fwi.co.uk/arable/harvest/wheat-yields-good-but-doubts-on-quality-for-2023-harvest
https://www.fwi.co.uk/arable/harvest/harvest-2023-some-good-oilseed-rape-yields-but-most-are-down
https://www.agriland.co.uk/farming-news/harvest-2023-grain-harvest-coming-to-an-end-ahdb/
Wynnstay have a number of strings to their agricultural bow so I’m moderately hopeful.
I reckon a very bad harvest is already in the price so for me the SP is good value.