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insane@myopia, perhaps the truth is you can't stand the fact that we so-called "Johnny come latelys" have timed our entry at an apparently opportune moment. How much are you down, just for the sake of transparency? You don't seem to accept that there are smarter people than you out there who can read the signs, which are all pointing to a recovery here. Jupiter exiting, followed quite quickly by some fairly substantial directors buys was a major bull flag (https://www.yahoo.com/now/insider-buying-purplebricks-group-plc-052045689.html). The "significant transformation against a backdrop of challenging market conditions" statement (see half year results), if to be believed, suggests confidence moving forward. The average revenue per instruction (£1,642, up 15%) was also hugely encouraging, indicative of solid progress in turning the fortunes of this company around. All of this coupled with rumors of a bid incoming from Axel Springer (https://propertyindustryeye.com/purplebricks-valued-at-60m-is-ripe-for-a-takeover-says-tipster/) certainly piqued my interest. I may be late to the party (thank God), but isn't it fashionable to be late? P.S. I'm not suggesting for one minute that there are not substantial risks here, but gut feeling is the market has (as usual) overreacted to some prior bad news and is now coming to its senses. 40p in fairly short order looks very achievable. AIMHO, GLA.
ndr, I think you'll find the 1.9p prediction was many moons ago, long before consolidation. It equates to 95p in new money, so not beyond the realms of possibility, although I would be surprised to see sub-one pound again. But anyway nice try at spreading fear amongst potential new investors.
sain@don'tbeatwatallyourlife, the narrative you've been regurgitating ad nauseam is that this is a dog of a share, and that we are witnessing "a suicide in installments" (your words). As I say, anyone listening to your garbage would be seriously out of pocket, so run along, I'm sure you've got some homework to do!
Nice try, sain@blind, to save face. Anyone listening to you would have missed out on a substantial (c. 100%) rise. Just admit it! You called it wrong - BIG TIME.
It must be a huge relief for you and your family. All best!
Major Tom, you're becoming a bit of an oddity in this space. If PURP is such a dog, why are you still here?
... to the rescue! Good to see directors/family members buying in here. A huge vote of confidence moving forward, imo.
Major Tom, ground control here. You seem to know all about dead dogs. How's your Tullow Oil investment doing, lol!!
Now that the toxicology report has been independently verified and seemingly met the desired outcomes, could one expect news regarding AGILE? It's been over 8 months since the July 1st RNS, which seemed so positive in its claims for SDC-1801 and its potential to treat the severe respiratory complications associated with COVID-19. By gaining fast-track status, there would surely be some useful synergies with SDC-1802 that could really accelerate progress here, or am I missing something?
sain, maybe you missed yesterday's RNS regarding the director purchase (1m shares)? Also, just before close of play yesterday, there were two further purchases of 500,000 shares each. At least some appear to be confident of a turnaround here. However, I guess you've already sold up given your pessimism over PURP. Which then begs the question: what on earth are you posting on here for?
Pimnappa, have you been smoking the same Rastafarian Old Holborn as Thoth? Or, are you also in the West Indies watching the cricket?
Mafuta, most LTHs know the score and have been here countless times before. But the mood of the board recently suggests some are close to capitulation. Even Thoth has been critical of the Bod, and not without good reason. To watch one's profit evaporate by almost 90% is difficult, unless of course you're on a free carry (which I presume most are). But we certainly lost one LTH recently, and respected poster, Breagh, whose frustration became too much to bear. He was no "bed wetter or boy racer" as far as I know. Everyone has a breaking point, and the recent share price collapse has certainly tested us all.
Definitely stifling any action. Tiny volume so far, again, this morning. The "let's scare the LTHs into selling by lowering the bid (and triggering their stop losses)" playbook is no longer working. Kind of a war of attrition at the moment - who flinches first? "Upwards and onwards", hopefully. All the best. Great weekend, everybody!
...the spread (currently 13.64%)? An attempt to discourage buyers? This is the one thing I thought consolidation might eradicate - ridiculously wide spreads - but, alas, no. I mean, if you buy near the ask, your portfolio will show an immediate 13% loss. Who wants that, ffs? There seems to be a concerted effort at the moment to demoralize investors, scare them into selling. My advice, fwiw, is don't be fooled. News is imminent, so selling now would be madness. AIMHO.
With an almost 20% stake in the company, it would seem Ashanti is confident. One reason to be invested anyway.
I'm not sure we were ever told that consolidation would eradicate volatility (or at least I can't find such a statement anywhere). For example, this from the Half-year Report: "Regarding the Consolidation, the Board is of the opinion that the high number of Existing Ordinary Shares (currently 3,403,470,791) and the low absolute share price negatively affect investors' perception of the Company and considers the Consolidation to be in the best interests of the Company and its shareholders." It was all to do with reducing the number of shares in issue and increasing the SP, so that we weren't perceived as some basket-case penny share. Volatility is a separate issue in my opinion. Actually, with only 68m shares in issue now we might well see wild swings, as the scarcity of shares will feed the buying frenzy (when it comes). Furthermore, with the geopolitical situation such as it is, volatility has been the order of the day and Sareum has borne the brunt, sadly. The volatility index (VIX) tells you everything you need to know about current volatility and recent market turmoil. It doesn't excuse today's shenanigans, however.
Reported here, of course, as a sell.
Just topped up at 1.12. Hopefully not too much more downside risk from here. GLA.
PUR and FRES I concur. You might look at GFM. When POG rebounds (on news of a ceasefire?), the potential upside could be enormous here.
I think a lot has been achieved by the recent consolidation. Most significantly, the number of shares in issue has been reduced from 3.4 billion to 68 million. We now have a similar number of shares in issue as NCYT, and coincidentally a similar market cap., and we all know how rapidly NCYT's share price increased last year. I think the main reason for that rise was the scarcity of available shares, and I think we might find the same sort of rise is possible with SAR, especially given the fairly large number of LTHs who are unwilling to sell they shares too cheaply. In essence, our golden tickets have just become 50x more scarce. In addition, SAR can no longer be perceived as a penny share, and therefore may well be taken more seriously by investors/institutions with deep pockets. We know that the science is compelling. We just need to convince the large investment houses to come on board, and through the consolidation I believe we have taken a giant step towards achieving that aim.