My sentiments entirely.
The two major shareholders could well do with the cash, having probably been stuffed on other deals this year.
£1.50 would save them face, but once out of this recession, Shanks SP will be much higher AND they will be paying dividends.
I hope a counterbidder is hovering!!
All my humble opinions of course.
From reading the RNS EPT Disclosures, it would appear that Piper Jaffray, as Brokers and Financial Advisers to D1 Oils, have been 'Shorting', as some of their deals go back to mid-November.
If I can buy at 5.20 I will.
This was the price I originally bought in at just before the jump to 9p.!
This is virtually an all time low and a great buying opportunity IMO.
No 'blast' about it herring.
This is a 'great long termer'.
If the major shareholders reckon it is worth at least £1.50 a share and the bidders are so narrow minded that they think they can buy us on the cheap, I am happy to hold and wait for those 'divis'!
Just phoned Recolight and was told that it is a Private Company funded by the major lamp producers, namely Philips and Osram.
These Companies put a 15p. surcharge on each lamp to cover the cost or recycling.
Recolight collect the old lamps, then sell them to whichever Company gives them the best price.
Due to the merger of Chelsea and Yorkshire Building Societies, an order has been cancelled.
I see this as a market over reaction and a good buying opportunity at these levels.
I shouldn't worry too much, unless you are in for a quick kill.
Questor tipped them as a long term investment in a very strong and growing economy.
My recent research points the finger of blame at the Vietnamese Government and their handling of the currency situation.
Once this problem is solved, the shares, in tandem with the growing Vietnamese economy, will grow.
Tuck them away and come back next year!
My sentiments entirely!
Snatched 35,000 last month at 5.2p. and not for a moment was tempted to sell, even when 9p. was available.
I bought these as a long term investment and will be topping up very soon!
How come the Barchart rating has come down?
Last week it was showing 100% in all aspects.
Can Barchart be relied upon as an indication of future performance, or is it just an interpretation of past facts?
Thanks for the link gb44.
To quote 'The Times' :
"The £9 billion rollout of 47 million new gas and electric meters in every British household."
I think that just one in every household would be quite adequate!