The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
It’s a peculiar one, maybe Clive needed to settle his Greggs tab. What baffles me the most is how quickly the price bounced back on a £1.54 buy.
There’s been lots of little buys pegging the price around £0.0225 - £0.025 over the past few days.
@Badge, it was a little surreal to have received some positive information in yesterdays RNS. It always seems to be doom and gloom. Perhaps CC and the team have turned the leaf, ready for a new chapter. We need investors back.
The purpose behind this dilution is promising; I can understand and accept why the BOD have opted for dilution in this instance. I look forward to the £1+ party when the next RNS is released.
Dilution in my opinion in any form is not necessarily a good thing. To help put it into perspective, it is weakening the shares we hold in value. To use another analogy which most may understand, when the bank of England issue quantitative easing when the economy is down in the dumps, it increases more money into circulation. This weakens the value of the pound despite having a short term gain of encouraging spending as more individuals have money. When there are more shares in circulation, there is often more supply than demand and if they are dumped onto the market we will have a retreat until the shares are picked up by others.
EUA have a history of share dilution and it goes as far back as I can remember the share price being in the £0.004 range. This was my biggest pet peeves about EUA historically.
I stand by my holding and expect pay day to be soon.
Best of luck.
casaeurasia, my initial estimate in 2019 based on NPV, shares in issue, dilution etc was circa 30p. Considering we've been floating around the price mark for some time shows how resilient the share price has become. I'll definitely take it as a big +.
As for why the SP hasn't moved beyond it is down to two reasons in my view.
1. Sentiment, lots of people have made money on this penny stock and cashed in a tidy profit. I can't recall our published company valuation in 2018/19 and considering we've been having that many announcements and published articles, I won't even attempt to find it on google - that said, most people will be currently sitting on their free float and very few people will be chucking their life savings at the current price until we have a firm NEW valuation with rosego's assests built into the mix.
2. Is the sale happening? I think we're almost there but the market will remain cautious until it is confirmed. I've been in a similar position before and up until it's firmly announced about what the heck is actually happening, I expect to be hopping in the 20's for the near future.
My back of a fag packet calculations suggests that a sale price should be circa £1.20 to £1.80 but what the heck do I know?
Best of luck, i'm dying to cash in what I have left as i'm sure most of us are.
Fidelio what are you talking about? How can 3 people talk/write a share price down?
The fact is that we have not flown a deep and haemorrhaging cash, these FACTS have ran the share price down over the past three years. I don't understand why people call other people out when the obvious factors are right in front of us. Peoples comments are irrelevant when the news is good. Let the BOD do what they need to do and we'll just sit and wait patiently (sometimes not so much but we remain in hope otherwise why else are we here?).