Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Thanks for the heads up, great, Ill nip off in my time machine and go back and get some. Oh but darn it is NT again so cant even buy at 10.70. And yes is does matter, it tells you something and the market and what is going on.
The problems I see with AIM is that there appears to be a daily wash of money that moves from "shares with no news today" to the latest "multi-bag in 5 minutes cant lose" shares. It is like there is essentially a finite pot of money that short-term/day traders have available to invest, so buys in one share tend to be funded by sells in another. The worst thing an RNS can do to the short term share price is give a date in the future when the next news to due. The multi-bag hunters then leave in droves planning to get back in in time. Must work for some, IMO another way is to do your research and ignore these very short-term price fluctuations. Also MM are Market makers they can influence the price to make a market, they drop it, people sell, down we go. They sweep up cheap shares you pay more to get them back, they can see stop losses, they can hunt them. All part of the job. You can join the feeding frenzy or sit back from it. I find if you are out and try to get back in you will be frustrated out of buying at the right time by NT auctions when smaller PI have zero priority in the pecking order. Not financial advice, just how I see it happening on a daily basis.
Archy. Something new has happened, CAP-XX is now an approved supplier to a global smart phone manufacturer, whereas it wasn't previously. If that business did come Murata then there is nothing negative about that, it means that the strategy to migrate those sales to inhouse is good and if it did come from Murata then the profit margins have just dramatically improved. If it didn't come from Murata then it is obviously very good news too. How many global mobile manufacturers are there? The ones I have read about sell huge volumes, many millions pa. If this manufacturer doesn't have comparable large volumes then they aren't really global are they? I can make a phone in my garage that works around the globe, doesn't make me a global manufacturer, that needs the volumes of the global manufacturers. If those volumes were in the Murata numbers, then why weren't their numbers bigger? I think GW sold out before the first big rise to the high teens, he isn't going to be exactly ramping the stock after that is he?
Yeah the Company's order book only being over 100% higher than at the same time last year must be really disappointing, If only we had our own production capacity to make it all, Oh look we have, and if we fill those lines we make > GBP8mn p.a. Worth about 22p a share then. Then there is everything else. There are 1.2bn mobile phones sold each year, there are over 6mn cars sold each year. What market share would help?
That wouldn't be appalling news at all, It would reinforce the core strength of the company and help us pip all the competitors, (although I wonder how many there actually are our there not relying on our IP?)
I suspect we are FCF already, if you go through the recent RNS's and accept the blog entry from 20th January " (CAP-XX) has launched full-scale production and shipments of the thin prismatic Murata supercaps following the successful installation of the former Murata production lines" you'll understand why I say that.