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Following text from Jan RNS is what interests me the most here. "Meanwhile, our US$175 million first rig order is progressing well at our partner's (Yangzijiang Shipbuilding (Holdings) Ltd) yard and is on schedule to be delivered mid 2015 with the main hull nearing completion." "Moreover, as potential customers note the progress and the quality of the first rig, discussions regarding orders for further rigs continue and are advancing." No definite news scheduled before mid-2015 which is probably why the SP keeps slipping as people are looking for a quicker fix or a lower buy-in price. However, the second sentence says that other orders were being discussed so I am wondering where those discussions got to. It seems a long time to wait but then the monies involved in these orders are not small so perhaps that's why. It's a speculative buy for me but if news of new contracts emerges and the original rig order is completed on time then this must surely be a multi-bagger. So, it's either wait until mid-2015 or hope for a new order sooner. GLA.
And after such a good week last week. Well, I was always planning to hold long with this one so in that sense nothing has changed for me. The outlook is still hugely positive for the company, we might just have to wait a few more months than we'd hoped for things to bear fruit. Can't blame others for going off to seek short term glory elsewhere but think I'll be staying put for now. GLA whatever your tactics!
RNS red dot and thought it was time for me to sell my FAST and REM shares and get back into AMED. Sadly it's just notice of a presentation. Might become interesting on here after that presentation depending on what is said however. Definitely staying on my watch list as I'm sure once the rigs are getting close to completion and if new orders are anounced this SP will seem very low indeed. GLA to all that are holding, I strongly anticipate being back here with you in due course. Doc.
Keep looking at getting back in here as I feel the future is very bright but nearly everytime I look it seems to be dropping still. Wondering where the bottom will be. I'm surprised they haven't anounced any new contracts yet, perhaps people are waiting to see how the original two orders progress although I can't imagine other businesses sitting back and waiting. Oh well, time will tell, GL to all that are still holding here.
Looks like we'll have to patient a bit longer! I think the share price is dropping because a lot of people are selling their original IPO amounts because they haven't made a fast quid at the open as a lot of people (jncluding me!) hoped. They're not seeing any big upward movement and are seeing a lot of other people selling up so are cashing in at a small loss and probably looking for other possible ways to make a quick quid. Personally I'm opting to hold because even though I didn't get my quick 20%ish that i was hoping, the future prospects in terms of results and company growth looked very good from the shares portfolio and I strongly anticipate the share price will go above 245 once results are released. Never thought this would be a multi-bagger but I do strongly anticipate making a positive return this year. I would suggest as always that anyone looking at whether or not o buy these shares does there own research and invests according to their own aims. I think these are relatively low risk with a modest but positive return in the not to distant future. Long term growth is likely to be positive too as there isn't really anyone in a position to compete with PAH at the moment and small pet shops are all going out of business. That's my 2-pence worth. Good luck to everyone whatever decision you make!
a rumour or something to make it spike like that? Probably retracing now due to no actual news. Won't be surprised if it closes down today in the end. Hope not though! Well done to all those that bagged a profit and good luck to all those that are holding.....may a good RNS appear soon!
If I'm seeing things right there was >£150k of shares bought around close today including one of nearly £99k! Looks like some people with a lot of money share my sentiments about money to be made from this share :-) GLA that are buying / holding!
Given the forecast for this company I suspect it will prove quite popular with people for their new ISA allowance next week. My view is that there will be a nice tick up in the SP to reflect the increased demand early next week and then another following the release of the end of year financial results a few weeks later. Hopefully a good share to be in for the next few weeks at least and hopefully beyond that. Almost certainly not a multi-bagger IMO (at least not in the short to medium term) but should see a healthy return for people who bought in around the 240-245p mark. Fingers crossed and good luck all!