RE: Trading Frenzy28 Dec 2023 18:54
I will be here to end but we are only at the beginning so the end is a very long way with many millions in the bank, growing sales,over 20 new products. No debt!.
Nothing changed but actually in a better shape than 3 years ago when it went to 7p pre consolidation which is over £1.10p in today’s valuation.
More money in the bank than Market Capitalisation is one indicator but the ROCHE indicator is my chosen method to see where it’s going.
No dilution and only 52m shares in total and one investor just snapped up 3% ata ridiculous low price.
Mercia and directors own way over 10%.
Over 20% tied up with loyal investors so I only see them adding.
No need for a fund raise and I’d expect a possible dividend which would attract new money.
Only a few days to go until year end.
Powerful move today so hoping for a follow through to take out 200DMA.
Went ro 28p after consolidation so no reason we shouldn’t get back there soon enough if figures are good second half.
Looks like the new year is starting with a surge in covid!
Revenue on many fronts.
New contracts!
Roll on 2024