Remember some trades aren't reported until after hours. The intraday figures are therfore subject to change.
Definitely think 50% is way overdone based solely on today's RNS but what lies beneath?
Avon do have several more divisions which are profitable but maybe this reflects the real current value of the company based on the body armour delays?
I will be watching L2 carefully at the close.
These were 72p Oct 2018. 21p is a baragin. Pitty I dont think there will be a counter offer. BOD can line their pockets with this deal so why risk waiting.... Still think they will do well once COVID restrictions lift but who knows when that will be. Bidder must see potential otherwise wouldn't have paid 42% above the recent average.
That's an extremely long RNS...
And lending a director 1.5 million dollars is just absolutely crazy (especially a company who doesn't have much money). Imagine you take a loan out with a bank for 3 years. After 3 years is up you ask for another 3 years to repay it and they say "yes".
That's AIM for you.
Remember when he bought £2m worth at around 2p. He could have made £28 million quid when they hit 30p
And for the poster who thinks I'm deramping - I've been in and out of GGP since 2017. See one of my posts in the link below at 2.5p
https://www.lse.co.uk/ShareChat.asp?ShareTicker=GGP&share=Greatland-Gold&page=6632
Had a scroll through some of todays posts. Anyone think one of the reasons for the drop might also be some people fluttering off to Hummingbird Resources? They also did a 7am RNS with some good news.
Once there was a pub on every corner now there's a Greggs on every corner.
Greggs ard in airports and train stations which are yet to reach their pre pandemic footfall levels.
The Greggs in Newcastle just outside Aspers Casino has security staff "on the door" until 4am on Friday and Saturday nights. The pizza shops and kebab shops are relatively empty compared to the queue outside of Greggs and up the street. And Aspersions also isn't yet at pre pandemic footfall capacity.
So the ATH share price might pull back a little bit, but £30 could be a good new base level.
Revenue of £11.5 million (H1 2020: £31.9 million) at a gross margin of 67% (H1 2020: 71%)
So similar margin but 64% drop in revenue.
Obviously there was a lot more business opportunities in early 2020 because of the massive amount of home working and video meetings due to COVID. That should have been an opportunity to quadruple their customer base and then make money from recurring charges.
I know AIM can be brutal and that's what has happened here. Always remember the directors will go to any length to keep themselves in their jobs and to pay their big salaries.
I bet if you look at their salaries none will have fallen by anywhere near 65%.
Another worrying thing is potential customers might be wary using their products and services if they are not seen as a financially stable company when potential customers do their due diligence with one of the credit reference companies.
I wiish this deal had gone through sooner when Zinn shares were lower. Zinn was 12p in June so would have been a better deal for BCN holders.
I can understand why some BCN holders are peeved at the deal for other reasons. Share price just back to what it was a few years ago whilst demand for Lithium will only continue to grow.
BCN mght still have a lot of work to do until production, but still think we could have got a better deal. Danger of what happened to Sir Minerals happening to BCN is low based on value of comodity.
BCN board won'tI want to rock the boat too much as with any deal like this people will be set to become rich.
Oops should have posted this on BCN board.
I wiish this deal had gone through sooner when Zinn shares were lower. Zinn was 12p in June so would have been a better deal for BCN holders.
I can understand why some BCN holders are peeved at the deal for other reasons. Share price just back to what it was a few years ago whilst demand for Lithium will only continue to grow.
BCN mght still have a lot of work to do until production, but still think we could have got a better deal. Danger of what happened to Sir Minerals happening to BCN is low based on value of comodity.
BCN board won'tI want to rock the boat too much as with any deal like this people will be set to become rich.
Re my other post, whilst Ocado market cap is 13 Billion, Amazon mc is 1.8 Trillion.
So Amazon are 138 times the size of Ocado.
Ocado is the online retail of the future (and they aren't doing too badly now). Retail of the future has lots of value (just look at Amazon).
Ocado have lots of very clever automation tech, not just their software, but the physical robots that actually fulfill the orders.
I wonder if Ocado could be potential takeover target of Amazon, who might be keen to get a huge leap forward in this type of automation with a quick loose change investment.
Maybe in the future, Amazons huge warehouses all over the World might have a lot fewer humans and a lot more robots fulfilling orders.
Any thoughts...
..it would still be 30% less than it was last year when it was 4.2p.
I said I would not make any post here for 6 months but would come back to either admit I was wrong about thinking it would plummet or to say "I told you". But rather than just say "I told you" here is my reasoning..
1 The death spiral funding has taken hold. It usually always does.
2 Everyone uses Amazon or Spotify.
3 The VR concert potential used to be their USP. They had something with that, but couldn't even arrange some concerts while the world was stuck at home during a pandemic.
4 Now they are just another music streaming service who must complete with the likes of Amazon and Spotify.
5 You get Amazon music included with Prime for £4.99. Millions of people have Amazon Prime. Why would you need another music streaming service?
Go on. Tell me why I'm wrong (but take a long hard look at the share price and my list above first).
The usual fat-cat non-performance based salaries.
Matchett got £442k in 2018 and £372k in 2019. Salary in 2020 was £275k so that's £1.1m at least.
If you look at the EPS for the same period it's a disgrace.
Han**** got £305k and £270k and is on a cool £220k pa so that's £800k.
£2m in 3 years for two directors at a company who are not making any money and who couldn't even figure out how to put on virtual concerts or events during a pandemic when everyone was struck at home.
Enough said.
https://www.investegate.co.uk/melodyvr-group-plc/rns/final-results/202006301205385525R/
Hi John
From RNS "it is encouraging that the well has already demonstrated production potential"
So are they talking about a non commercial type of production which I have never heard of before?
Maybe non commercial so they give the oil away for free?
What a joker.
.. but lets hope it is also commercial quality.
Yes, the fact they have found oil at all is extremely encouraging. I remember the RNS after the Bahamas drill when the CEO said "we have done what we said we would do, we have drilled the Bahamas". I made a post saying "what you said you would do is drill for oil!".
Change of name. Change of luck.
Demand for oil will only increase over the next few years as everyone will want 2 holidays to make up for the one they have missed and electric commercial airliners are decades away if possible at all.
Yes, customers probably should have been consulted before being offered a scheme.
It was a ballsey move which didn't pay off in current form but it could pay off eventually.
Directors better of if company survives and they know it.
10p at 08:32
7.6m buys
10m sells
Trading again 9.9p