RE: Day 5 of the rising CNSL Shareprice1 Nov 2023 11:25
It remains nigh impossible to buy a decent slice of stock here and for good reason, the market has taken the shares down too far, the last broker note had a target price of 12p, although this is due to be revisited shortly it is a long way from the current 2.2p level, the current sub £5m is a significant disconnect from reality, cash as of was 31st March £5m.
The sector is bombed out, just like the AIM index, however now is the time to buy the lows and profit, on just about every bulletin board there are bashers, ask why, the reason being the shorts have had a field day over the last 24 months, however the market is poised to turn up and when it does !!!
Warrant expiry in next Thursday, no extra 90m shares to add to the count.
IG are currently asking a premium for just £3k of shares here, ask why !