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B Crader,
Re:Thugela
Are you concerned about short seller Boatman Capital allegations that the coal miner has environmental allegations exceeding its market cap.I an aware that Anglo has denied it,could be that Anglo dumped this mess on the market thus escaping from future liabilites and perhaps its v. cheap for a reason not withstanding its rise from £1.40 ipo to todays £1.90.
Price is Price and is the only truth in trading.Birg is in profit taking area and any overall market weakness could see Birg test 4 and 3 in a severe pull back.Todays tick up is due to anticipated increase in NIM in banks generally following a policy shift by the Fed where interest rates are now seen rising in 2023 rather than 2024.Any weakness in US indices will be reflected here.
Best of luck.
On the Weekly 3yr timeframe,wait for RSI to pierce 30 and turn up and S/P to hit 112p and hold.Ideally wait for the S/P to regain the 20 week MA and turn up as it churns forming a base.No rush here folks in my opinion,long summer ahead.
The above should provide a decent entry and protect the downside.Price Action is king.
Best of luck to all,patience is usually rewarded.
Silverhorse,
I tend to usually stick to sectors I think I know something about.
I sold Greencore before recent results,I mention 112 as this was the placing price and support,if it gets there then I will buy.
I have been at this for many years but wisdom,I am afraid, continues to elude me.
I have a decent size in STX @34p and would add on a break above 70p.I trade with stops and my stop on the 34p tranche is now 25p.I have a big stake here in BIRG circa 150 and will unload when/if £8 is reached.
This is a tough profession and one needs to make it when the bull is giving.
Best of luck.
There will be a lot of churn between 4.50 and 6,one should expect a 10%-15% pull back in US indices between now and Sept.
My view is that a decent pull back in BIRG should be bought.
There is more to go in this bull market 6k S/P 500,8k + FTSE 100 and £8 + here are the targets.
Greencore @ £1.12 is good value and for the Gamblers STX (Shield Therepeutics) worth a small gamble,very high risk.
Best of luck and the above are only my opinions not advice etc.
In the inevitable scenario of funds being required,what is the considered view of posters on the price of a Placing/Ri.
An easy one for a Sunday morning !
Best of luck to all.
Clearly the risk here is that any rise will be sold into by founders,in fact they have implied that is their plan.
Only for that ,Stagecoach is a good recovery plan.
So how can this be resolved ?
The founders believe that anything around £1 is worth selling.
My view is that unless the founders can place their shares with an institution (presumably at a discount) or the company is taken over,it is difficult to assume a resolution to this conundrum.
I am thinking out loud here and would welcome any input.
Disclaimer :I am not a current holder.
Best of luck.
I agree Paddyboy 1,I expect this to drift lower.
There is possible support at 130p which is a breakout area of previous resistance.
After that there is nothing until 112p,the placing price.I doubt if it will get there unless there is general pull back.
I tend to trade weekly charts with approx 3 yr timeframe for swing trades.Greencore has dropped below the 20 week MA and the RSI has turned down from 70,currently 46,minor support.I will wait until the RSI gets closer to 30 and hopefully the 20 week MA is recaptured.
Great trading share to watch,Best of luck.
Mystic Mick,
How are things looking for SIG in tea leaves land,May has come and gone so just wondering how June looks.
It has to be some month/year I guess.
Let me know when I should sell everything,again !
Best of luck Mick,at least you are making some money in the building side of the business.
It is naive to expect a hassle free launch and straight into sales.This project should be viewed in terms of years rather than if the next RNS is positive.Execution risks are high here but the rewards are also high.
Driving sales to replace incumbents in the medical world is never an easy task regardless of the merits of the new challenger and MDs are slow to change prescribing habits.
I am bullish but lets get real here,in addition to the above we have a management team who,to date,have hardly covered themselves in managerial acumen.
I anticipate a lot of volatility in the share price as events unfold and investors need to have a stomach for that.
Best of luck .
You see Mystic Madmick62 I will let you in to a little secret.
All those investors that you think are naive, agree with you, that a correction is well overdue,where the disagreement lies is that your predictive capacity is the same as my dog,it will be just luck if it coincides with your timeframe.
All good stuff Madmick,your posts are fun and I hope the correction arrives as your posts will be even more fun.
Best of luck Madmick62
Madmick,
It looks to me as if you really have no plan,just blowing in the breeze subject to the twist and turns of whatever pops into the head at any given moment.Buy/Sell/Hedge/hold/long term/short term ??? Its all a bit of a mess really.
Stick to the property Madmick,
Best of luck.
@ 2.55p market cap £13m.Overhang to clear 8m shares @2.55p is £200k.Relatively small one would think.
The overhang does not help but this is falling because of recent company news,very poor management,poor communication,zero market confidence and a very real possibility of further placing/raise with further dilution.
One to watch,best of luck.
Small oilers are only run for the ego and pockets of management.
Bond holders are reluctantly tolerated out of necessity,shareholders will get shafted time and time again.
Tlw,Pmo and now Hurr the list goes on and on.
Sell up and go and trade Bitcoin at least there, one is under no illusion.
I agree gkb47,optics not good.
I think at this juncture pdl offers more risk but better uplift,just a biased opinion as I took profits in gem d and invested in pdl adding to an 8p position I had opened pre covid.
India will be a temporary drag but hopefully they can turn around the grim humanitarian conditions currently prevailing. there
You must be having a great laugh here Madmick, getting all that pent up frustration off your chest and the joy of helping us poor ignorant plebs onto the right path.
Entertainment value 10/10
Actionable info 0
Best of luck Madmick and all trying to make money here.
Indeed,not one of madmick62s strengths !
I hope he is just taking the proverbial but God forbid he doesnt hit the clairvoyant jackpot and fluke his prediction because I have a strong sense that madmick62 is not the type to be slow in coming forward and telling all about his brilliance.