The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Its not the kind of buy you'd call punt money is it? Not far off 1% of the whole company bought in one trade. Holdings RNS on the cards?
And now bouncing back fast. Nice little mover this!
Enjoying the deramp attempts here. Americans don't like singing is probably the best so far!
I only know about PXS as alf sets himself up as some kind of expert, so I thought I'd investigate what he considers to be a great investment. Errors today include his thinking that the term tortious interference has just been coined, rather than its being an established legal fact, and that my questioning of this company's potential ever to be worth 9 million is in any way actionable.
All of which might be true alf. But pxs still isn't worth 8 million - plus however many placing shares are created through the somewhat fringe method of dilution that is primarybid. It remains a loss making company with tiny revenues.
Whatever happens "in the end", this company is currently valued at over 8 million. That's way way too high for a vague hope that sales in China will be vast multiples of the pitiful sales it acheives elsewhere. Assuming of course that extra sales don't just increase the annual losses.
Can't be traders alf. Traders is plural. Today, only one person managed to dump their shares. It appears to be for a minuscule amount of money - until you compare it to this company's sales for the day. Then £5.75 starts to look a lot bigger.
For the amount they sell alf it might just as well only be on sale in your local co-op. Thats the point here, tiny tiny revenue, losses year after year, endless placings to pay for said losses. Oh, and a hugely inflated mcap, that sooner or later will come crashing down to earth.
So much going on that the share trades here were just over £1000. Huge. About the same value as the company's revenue yesterday. It's all jam tomorrow stuff alf. And Chinese jam at that. It's just never going to happen.
Its just a snake oil product. Most people worldwide - even in China - prefer dietary measures. Eat a bit more garlic. As for shareholders here - you'd be better off buying a stake in your local corner shop! Chances are its turnover is far greater, and it will certainly make a smaller loss.