The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That is quite a bizarre statement you have made. You suggest selling your holding at 45p which has no importance technically but also expect a 25% upside to it's current bid price in a company that you call a joke, maybe you would care to enlighten us as to what will drive the share price to 45p ?
Who ever it is needs to be careful as what they are doing looks like dissemination to me and is covered by the FCA Market Abuse guidelines.
I said that not to be detrimental but because of how I see the market. The only things that move a share price are fundamental news which we had this morning and the share price has not really moved on the back of and a change in sentiment towards the share price. My analysis on the share price is that the market has been expecting an update that would be fairly positive and along with the recent dividend announcement has rallied to where it is now, the news has already been priced in. To push the share price higher I feel we need more updates of which I am confident will happen in the near term.
I also share your misgivings OFR. I would have preferred had they paid the 6 month dividend for existing shareholders and then gone monthly as it does appear that new shareholders are benefitting from the last 6 months. Having said that it might explain some of the recent move up so we have made multiple times extra than the H2 2021 would have been so overall I am happy.
Hi Austin, if i3 were to announce they were making 20% more money then charts become very valuable because traders need to look for entry and exit points and by studying previous support/resistance levels as well as other indicators can help with this. Charts are important because every fundamental price movement historically is mapped onto it so the reaction to the news is there for everyone to see. Some peoples problem is knowing when to buy or sell and charting may not give you a definitive answer it certainly can help when determining the price at what you decide to do,
Fundamental verses technical analysis has always produced an interesting discussion. For me technically the RSI is overbought but that doesn't mean it can't go higher whilst the MACD amongst other indicators suggest there could be a further upside push. Fundamentally the share price has been undervalued for a long time and that continues to be the case and will remain to be the case until there is a change of sentiment regarding the company. Fundamental news will dictate the direction of the share price whereas technical analysis could give us an indication of what levels to expect. Personally I did sell a small amount on Friday afternoon and am working orders below to buy back in again whilst retaining most of my holding so I can trade around the share price a little. Because we broke through last years high so emphatically I would expect a little pullback with the old 14p resistance price being the absolute floor but certainly would be working 15p bids whilst on the upside 23p is in range being the replication of the spike last June. These levels are not recommendations or opinions they are just what the chart tells me.
Exactly, all those eco hippies and XR lunatics who seem to think that we can keep warm with using mouldy cabbage have caused a lot of damage. The whole NIMBY greens have made Europe and especially Germany dependant on Russian gas and low and behold Putin now has Europe over a barrel and energy costs are surging but at least we have North Sea reserves to fall back on. Good thing is that at least Greta seems to have been put back in her straight jacket and padded cell for now.
I would not touch GBP with a bargepole. The company website says "Targeting underexplored blocks in highly prospective offshore basins" Not sure the people who lost money here need another reason to throw more money away !
That's a stomach churner, horrible.
Unfortunately I didn't see time and sales for the first 10 mins mate, clicked on the screen to see the carnage later but the move down was brutal I wonder if anyone could comment on if they had stops and at what prices they were filled ?
The problem is that setting a stop loss on an AIM stock if you hold the underlying in size won't help you. If the market gaps down below 4p you will be filled at whatever price the Market Makers give you, if you get filled at all, so don't beat yourself up too much.
Unfortunately it could be, explains why the market makers were selling quite large amounts at 0.685 and 0.70 in the last 10 minutes if they have picked up stock at 0.625.
Also IG will just B book the trade so doesn't reflect the true market
Hi Neil, the strike price and the exercise price are not the same thing. The strike price being the level that the underlying is either bought or sold at and the exercise price (EDSP) is the prevailing price that determines as to whether the option is either exercised or not. The resulting transaction is settled between the two counterparties clearers and doesn't get booked through the exchange so you won't see the shares trading at the strike price. I know this is slightly off topic but useful if you ever want to trade options.
Neil, sorry but I think you have miscalculated along the line. If the company is paying a dividend of 1.05p then surely it must be worth more than 0.07p or around 5 days revenue in terms of market cap. In the derivatives world the exercise price is the level at which the market is marked to determine if the strike price is exercised or not and is not the same as the strike price.