RE: Completely oversold now!16 Apr 2024 08:01
This is like many other stocks on AIM, this market is dead. The SP on AIM only seems to reflect actual income, often does not even cover cash on account or certainly not always asset value. AIM companies that have a strong IP and patent portfolio must hate this situation as the IP certainly is not reflected in the SP, in USA markets investors seem to appreciate innovation and this is shown in the market cap. I suppose the UK economy is so weak and lack of disposable income means lack of investors in AIM. A real shame for the few excellent companies, with a strong IP portfolio (for example DGI and BIRD), in this market place, who will probably only be noticed when they are taken over. Probably at a good premium to the lowly market cap at the time, so news making when it happens, but knowing when this end game is going to happen is impossible. Alternative to the end game is trading on AIM, but with such low volumes and often wide spreads, this is just a loss maker for most and really just gambling as the SP never seems to reflect the true value of the company.