Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
I'd hoped in spending (losing) many thousands on this start up that somebody at the company might care to response to my repeated queries on this, given that I expect it to (unfortunately) personally matter sooner rather than later; but nope, they can't even be bothered to do that. Shame on them.
John Briggs - 0.030 won't be tested for mths. The Australian Brotherhood will have a ton load of shares to shift at 0.040 and above, and this is going to take quite some time. You could argue that this might be the time to buy as they will ensure the SP remains at 0.040 plus, and that in the meantime there could be a quick twitterati pump and dump. Downside is that the wheels come off entirely, but I fancy the brotherhood could get a couple of more years' living off this.
They are sells, and indeed are reported as such on Quotestream. But regardless of the platform algorithm you are following, what is it about trades and a falling price that folks don't understand. But it's cool if you do really know this and are simply trying to ramp/keep yer hopes up.
So, not much in the way of major shareholders then. We have Hargreaves, Interactive Investors, Maybank and Jarvis (ShareDeal) and which, hopefully you'll know, are simply nominee holders of PI funds.
We have Eytan’s holding, from when he puts some beer money down each time there is a dilution.
Then we have the two main bucketshops, RAB Capital and Bizzell Capital Partners, who hold the convertible notes and book flips, the latter which is also connected to Bizzell-Carnegie-Mass Choice Investments, Rookharp Capital and MHCNZ Trustee Limited lovechilds.
In short, the people of Liverpool seems to be the largest investors, other than Eytan.
0.04p should be the floor (barring any going concern issues), as the Maas-Bizzell-Carneige bucketshop will have received around a 20% discount at the advised flipping price of 0.05p (why anybody has bought these since the latest dilution, when this price floor was announced in the Rns is quite beyond me).
If the past is a predictor of the future, it will take many months to go below 0.05 before the dregs then get sold at 0.04p. For those with a strong risk appetite that would be the time to buy in for the usual "it's too cheap" 30% profits ramp. Possibly for the last time?
Baldy123 - What you see reported is not the actual booked price. Like all reporting platforms, LSE/ADVFN use an algorithm to determine / guess / assume whether the trade was a sell or a buy, based on whether and by how much it was away from the mid-price (between sell and buy) at the time of execution. Different platforms use different algorithms - the LSE/ADVFN isn't very subtle, it tends to provide a definitive sell or buy stamp rather than unknowns. For example, the reporting platform I use has all of todays trades as unknowns, except for your latest buy, which it's marked down as a sell. It's quite typical to see buys reported as sells when demand for shares is weak, as the selling price is typically below the mid-price. Personally, I wouldn't be in a hurry to buy more, as the floor for the latest share dilution is 0.05p, so unless there is news to encourage share buying, that's where it is heading.
In fairness, he's right, Maas, Carnegie and Bizzell aren't going anywhere...as they are the ones who will be helping the company flip this down to the bucket price of 0.05p.
What is it that folk still don't understand about the Australian brothers relationships here?
Pretty much agree Paul. I think some allowance has to be made for what's gone, even if we were sold a pup strategy-wise. I'd be okay with a sliding scale between 50, heavily biased towards 75p. But as is, the targets are pretty disgraceful and leave a bad taste.
In4cedros - to characterize me as a troll would seem a little unfair, I rarely post. I make no comment on the prospects for the share, as we know that under the right conditions there could well be an uptick (though of course it will be accompanied by another raise). But I think it not unfair to challenge posters who seek to disseminate misinformed or misleading information, whether they do so in ignorance or as part of their ramping. I totally agree that the Ozzie crew have done a good job in supporting the share price. Where we would perhaps differ is there motives for doing so. Bizzell and his mates have never shown any interest in this company other than receiving cheap shares and bucket shop activities.
Think you perhaps are new to the background here?
Bizzzell Capital are owned by Bizzell and Carnegie, and who have been flogging shares in this dog longer than either you or me have probably held a LSE account.
The Chairman of MASS is... .Stephen Bizzell.
Your other 'entrepreneurs' are:
*Choice Investments Ltd, which are indebted to MASS.
*Capital PTY limited, investors in MASS Group Holdings.
*MHCNZ Trustees Ltd, jointly owned by Bizzell and Carnegie.
All roads lead back to these financiers, who's job it is to support the current price to ensure it's above the 0.08p they paid for the 0.1p shares they flogged you last year, and they will soon be selling you yet more shares to buy.
Zebbo, think you need a new dealer - I can buy 50k with no problem (currently 24.12), or did you mean larger amounts than this? I wouldn't worry about the fall-off, it's just some of us taking a bit of trade money to compensate for our long term losses....
JKR is fully aligned with, and is a very, very strong associate of, people and groups who are strongly anti-trans. Again, whether one supports an anti-trans position is not up for debate, and I am not criticising her for being anti-trans, which is her right, just as it's the right of anyone to have protected beliefs about any culture, creed and race.
Hello atrm2. First of all, I fully agree with you that the company should not be getting involved in contentious political narratives. 100%. My response was to point out that you had been caught in the figment of the right wing media "What fresh hell is this?" mode of selling media to you. Hopefully, now that this has been shown to be a whole lot of piffle you may learn to be a little more discerning in what media you consume, or least learn to question where agendas lie.
Regards JKR, you have been rather presumptuous - I have nowhere in this stated a view on any of the trans debate, nor called JKR a bigot, but have correctly pointed out that she is indeed anti trans. There may be very good reason for her being anti-trans, but very firmly anti trans she is. Good luck in chasing divis elsewhere.
We simply know none of the facts about what happened, bar a few chosen snippets and presentations, and we have in the past seen how these things are simply rubbish. I'm afraid if you take it at face value then indeed you do seem rather gullible. But all of this is really an aside. Wickes were defending their position in being a LBQT organisation, rather than siding with the LGBA. To my knowledge, in this they are no different to any other public or private sector organisation. Beyond any political rights and wrings, makes sense as the LBQT community far exceeds the LGBA and the likes of JKR and the rest of the anti-trans lobby. Good luck with your investments.