Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Personally I don't think it's the re-action to the presentation today, it think it's more traders selling up having had a good few days of profit.
Some large buys (10k blocks at one point), coming in, so hopefully new people on board to take it into next week on a positive.
lets break .30 first and see where that takes us.. struggling today to breakout, however hopefully will before close.
This share is massively under the radar which is such a shame.
Today's results, plus previous director buys at a higher SP, and even the change of Broker rating/target from 60p to 70p this morning should be having a better impact that it is currently.
If the current bit is circa 30,31p, then we roughly where we were yesterday in terms of value (slightly worse off by my calculations).
Best way to work out your updated value, is to take your original share total, divide by 300 and that gives you circa what your new share volume/holdings will be.
Then simply multiply your new share volume by 30/31pm.
Hi FOMO
This is the RNS from the 5th Jan, which is when the sudden price drop occurred:
hope this helps
Tue, 5th Jan 2021 07:00
RNS Number : 5197K
Ridgecrest PLC
05 January 2021
5 January 2021
Ridgecrest plc
("Ridgecrest" or the "Company")
Completion of Disposal and change of name and website address
Ridgecrest (formerly Nakama Group plc) announces the completion of the disposal of its operating businesses to Sanderson Group. Accordingly, the Company is now an AIM Rule 15 cash shell and the Board changes set out in the Company's announcement of 29 December 2020 have now taken effect.
Change of Name
The Company's change of name has been effected by the Registrar of Companies and accordingly, the Company has changed its name to Ridgecrest plc. With effect from 8:00am today, trading on AIM will commence under the Company's new name and the Company's TIDM will be 'RDGC.L' (previously NAK.L). The Company's ISIN (GB0004251970) and SEDOL (0425197) remain unchanged. Shareholders should note that their shareholdings will be unaffected by the change of name. Existing share certificates should be retained by Shareholders holding Ordinary Shares in certificated form as they will remain valid for all purposes and no new share certificates will be issued.
In order to reflect the Company's new name, the Company's website will be changed to www.ridgecrestplc.com later on today. The information required pursuant to AIM Rule 26 will be available at this address.
Defined terms used in this announcement have the same meaning as in the Company's announcements of 9 December 2020 and 29 December 2020, unless the context requires otherwise.
Morning AJP
This is the most boring share I own to be honest and certainly one I keep thinking about off loading.
I was bought into the future "news" buzz and admit I thought this share could make a reasonable profit (I only have £2000 in this one), in a reasonable short period.
Yet, the share just drifts downwards daily.
is there any new due soon? or as per your post, the next results are due April? therefore in terms of expectations, this may just drift along at the same pace up to April?
It get it, many thanks !
Afternoon,.
LTHcine - sorry, just bring that to life for me in simple terms, what do you mean re "The fact the SP freezes while more and more buys go through is very promising" and then timing being highly suspect?
Many thanks NOFear, some great insight.
Excuse my lack of wider knowledge around Shorts, however what does this mean in summary? are we expecting the SP to drop given the increase in shorts? then once they have cashed in, start to rise again? or am i well off the mark?
Morning all.
Sorry, I originally posted this under the wrong post.
What does this mean in summary then? Do we think the share price has a large risk of falling due to Shorts increasing? Or help maintain a steady increase?