G'day mouse fans.3 May 2020 14:06
Hope you are all enjoying a safe weekend out there.
Just been looking at this one in a bit more detail and have a few observations.
Has anyone seriously looked at the fundamentals here? No excuse for not doing so as they are right here for all to see.
Market cap if it goes back to 15p is £59.5 million! Can anyone give a bit of detail on where they see revenues coming from to justify that, given the previous years trading history?
Admittedly this is a potential CCP virus money maker but there is a practical limit on that even considering buyout potential.
Before I go any further I'm not in any way deramping, merely trying to throw a little objectivity into the ring here.
In fairness the SP held up well throughout Friday, admittedly it dropped near close as some took profits, not wishing to risk being in over the weekend. Anyone holding from a week or so back would still have made a tidy return and taking profit is the name of the game at the end of the day.
Are people still trading without access to live charts and prices? I'd be interested to know why if so.
Do people have a trading strategy overall? Breaking down available capital into high and low risk categories, or is it all in on one share? Personally I have found that the latter is often not much better than a coin flip, however much you want the price to rise. I've massively over invested in a company in the past that was made to look fantastic, in hindsight it was a scam, the directors of that company moved on to another and rinsed the shareholders there too. :(
You don't have to consider my words but it is just feedback on my own years of trading and learning from early heavy losses. A wise man learns from his mistakes is a well used adage, i believe that an even wiser man learns from the mistakes of others, it is far less costly.
I firmly believe that in the short to mid term the CCP virus sector is the one to be looking at, I'm expecting to see the bull run that we've seen across most other sectors to fizzle out as the bears come out of hibernation. I think the catastrophic effects of this vile virus have been seriously underestimated, the banks have set aside billions to cover debt default but it isn't going to come close to the losses they have coming. My long positions with UK banks were all closed on Friday. My SIPP capital will be retained and added to until we see where things are going, I'm in no rush to jump back in!
My share ISA's are well topped up and partly invested in a couple of CCP virus related shares, I've picked a couple that have existing diverse revenue and sound looking fundamentals, investing with the head beats investing with the heart 95% of the time IMHO.
Anyway, enough of all that as I'm sure all I will get in response is a load of abuse. I can categorically state that I have no vested interest in this company, I'm not paid (as some are!!) to ramp or deramp but merely wish to share views based on my own experiences.