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I believe GMD has cash of well over 40p per share.
Fallen even further now.
getting this sold off - Allows ESG to concentrate on and move forward with its core 'big earner'.
Top up time again I presume.
All starting to come together nicely.
They're obliged to make a takeover bid at 30%
PE of 3.2
6% yield
. . . or at what price SAG will launch a bid ??
Yep. SAG stake building.
And yes NM it's very frustrating to see FST management seemingly brain dead.
Probably an order from SAG
Reading the Science Group's RNS, it's clear that they think they can make a lot of money out of FST. Hopefully they accumulate and try again.
Started buying these last year from March to September at under 34p. Topped up at 62p in February and again at 75p in April. UPGS are obviously back in business! H1 sales up 36% etc. etc.
I see them over 100p soon before they go back over 200p in good time.
Not time to sell imho.
selling 50,000 bought at 1.09p in March. Made £99 :) hardly worth the effort.
Still holding 300,000 (at a nice loss) for the big rise though.
They dropped to 2050 after he "advocated selling them at 2400" Good call.
Yes they're higher now, 5 months later - prices fall, rise and fall.
Some of us are traders.
FD is a fantastic company. The problem is simply valuation. Historically, it has been too highly valued as a software company. However most of FD's revenue is through consultancy, hence the re-rating in October/November. (To put it simply, FD's profits are growing linearly with increased headcount (consultancy) rather than exponentially as would be expected with a software company where increased sales needs little investment in people) It's the balance of actual software/consultancy that will determine its future valuation. You pay your money and take your chance.
Look at the date of Luddite's post. The dead cat bounce was back in November. Look at the chart man :)
According to SCSW; "Dialight, Originally known as Roxboro, used to have a range of businesses including Solartron (oil and gas instrumentation) and Weston (thermocouples for the aerospace industry) but in around 2006, the company sold those and returned a huge slug of cash to shareholders". Hence (I assume) the large fall in share price.
Looking very good for them.
Coal price has fallen over 20% since May 2018 ($79 now v $100 then). Back then SCSW said " it doesn't take a rocket scientist to see that a 20% drop in coal would send the price (of OPG) hurtling back towards 100p"
dyor
But very low volume ??