JOJO et al18 May 2015 09:45
Whilst I would be happy with 10p by the end of the week and I am not a chartist, I am just hoping we don't slide back to the 5-6p range. We've seen it before and I don't want to see it again.
I don't go in for the people that say 'I hope it goes down so I can buy in!' I'm heavily invested here and just want it to go up and quickly so I can get out of here.
The only issue that might be perceived to be a problem by the wider market is that receivables are due to look unchanged year on year, which of course in fact is actually a good thing. It means that old receivables are being collected - the difference being turnover for the 4 or 5 months prior to the balance sheet day as debtor days are in the region of 120 days here.
Fingers crossed we get news before results in my opinion and we get the chance to sell at a decent price, first stop 12p, or at least double figures please!!
GLA