Just look at today's RNS, another contractor asking for payment in shares rather than cash. They all know, THEY KNOW!!! We just need to be patient and let them do their stuff. I keep topping up on the dips when the others panic :)
In fairness to some moaners on here, unlike some other companies I could mention (Novacyt as one glowing example), at least the team are giving us regular ops updates. At least weekly, so all being well am guessing we should see more news on Monday AM/Sunday night? I'm happy with the fundamentals/stats and research, if the price plunges I can then top up back to the block I originally held before selling some at nice profit at 4.3p - we know oil is there. The problem is some just don't have the patience to wait. Where else right now can you put your money and 6-12 months it could quadruple!??? GLA
I’ve struggled with this share to be honest. Made a bit, lost a bit and eventually pulled out at £7 per share as couldn’t see any room for further uplift other than speculation without news! No wonder they took so long to release anything and now we know why. Blame the govt sure, but this is an appalling situation and the RNS highlights the fact these very clever guys are out of their depth not knowing which way best to turn. I wish them every success and hope this gets back to £12 but glad I’m out, I feel this could go even lower in the coming weeks.
Just got to be patient. The poorly worded RNS didn't do anyone any favours including me! I've been topping back up on the dips much as I can. They had a bad few days, happens to us all. Let's wait and see once next RNS is posted which am guessing shouldn't be too long hopefully.
I can confirm via my software (Quotestream) the two massive transactions at 16:50 were both sells. One was 25mln shares, the second 22.9mln (22906887 shares to be precise). If anyone in the "know" they would have to declare it so wouldn't be management etc. I'd speculate someone who possibly bought in years back and got their fingers burnt now resetting/clearing the decks again. All I'd say is if other exchanges holding up well then fair enough, let's see when Oz opens tomorrow as bound to go up further. Let's face it with pending and all being well GOOD news, no one has any reason to sell right now other than capturing some past losses probably. From my research it is all looking very favourable and after the year we've all had, we deserve something good to happen for once. Good luck all.
Wow, deramping everywhere. Seems to be a new impatient culture here. As others have said DO your research, the sp is actually less relevant than the bigger picture. Think WHY you invested? Yes as we all do, we are investors and here to make money but this is a good long term prospect in my view and sits in my "long range" holdings portfolio. Once upon a time this was nearly £6 a share! I know I know past performance not a reflection now blah blah etc but from my research these guys are making good headway. Let's wait and see! Results are due this month so the lower the sp goes, fine with me, I shall top up further and save money then :)
Just seen this re merger? Past 15 mins:https://www.proactiveinvestors.co.uk/companies/news/901418/88-energy-steams-ahead-as-it-kicks-off-merlin-1-drilling-901418.html
OK....pause. We've had fun haven't we since Friday, I mean WOW! This has been awesome for the first time in months hasn't it. Look, we all want this to fly. Any traders on here with any sense are checking the newsfeeds as closely as I am and I really think this time we are onto a winner. Yes the price has got a bit excitable lately but justifiably so. We've all soldiered on for months on end with little hope and now we finally have light at the end of the tunnel. Let's see how this all goes in the next week or so, am sure will be some RNS and we know there is oil there so chill and this will come good in the end. The best thing about this game is we are all in it together, no competition, share that news and the collective good shall win. Post 1p is awesome! I think this could go a lot further but a little patience.....
Haha Matty. I know the feeling there, I could have done with a washing machine/tumble dryer in my office last week LOL. Just dipped my toe back into SMT at just over £10. I think it's dropped back enough now, fingers crossed and hopefully these inflation worries which are well into the future will ease in the US/feed through to here. Good luck all.
Yep good post. This is pure speculation this share, I made stupid mistake of investing too heavily then sold majority holding at a loss. Kicking myself for it but lesson learnt. Have kept a very most few £hundred in the stock which I shall leave in the hope it amounts to something 3-5 years down the line. All anyone can do.
My other mistake was getting too carried away with the new sector as made a killing on the Kanabo stock and thought I could do the same on this one and Cellular - wrong! Another lesson learnt.
As someone said to me who was more wise than I am, the similarity with stocks and chess are almost the same. You have to play the strategic game as any chess player knows, play the board like some of the erratic stock decisions I've made (not all bad mind you) and you will lose every time. Slow, methodical research. I know no other way....
I feel your pain. Knowing when to buy I find is easier than knowing when to sell. The yardstick 25% approach then sell can pay off but as I've found with many shares some have soared well past this level and you end up kicking yourself for selling. All I can say is if something is looking too good to be true it usually is, then sell. If you are still holding on to profit, sell and bank the money. Then wait and see, nothing to stop you buying back in when the price is lower. The world shall always need tech which is what's so astonishing with the US dropping dragging UK stocks on its tailwind. I found this article helped me a bit:https://www.investopedia.com/articles/stocks/10/when-to-sell-stocks.asp
Keep smiling :)
This share blows my mind! Made a good return second half of 2020 and into this year. Bought some, sold etc along the way and finally sold rest at small loss but overall made a profit. Who's not going to need tech though in this day and age? Every day last week I've lost $$$$$ per day on Nasdaq, topped up each time went lower and then still dropped. Likely to continue today but I don't buy this inflation argument. Anything like that or interest rates will be a long time off, or has the bubble burst on tech I wonder? The big reset maybe? I like many are waiting in the wings to try to second guess when SMT bottoms out. Approaching £9 this is starting to look cheap but when will it end. Another comment someone said on here which is a good point, with financial year end approaching can we factor a lot of profit taking in as well hence adding to the sell off?
Good luck all. Long term I think this is a great share and one to invest back into...timing......
Genuine question from more of a novice trader here but am also very experienced business owner of 15yrs etc and as a past holder of this share, which did well, I decided to sell a few weeks back anticipating bad results. These figures are horrific in terms of quadrupled loss, drop in turnover (pandemic we can understand) and the slight improvement of lower debt. Overall though this company is in a bad way and seriously needs to get some traction (ahaa see what i did there) on the market. So HOW on earth is the SP at £20+ per share and it didn't drop this morning? Logical to expect that or is this another bubble. Genuine question and well done those who've made profit today. Help me see the light then it will convince me to buy back in :)