Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
@Buffet out of curiosity, based on this do you believe a finish below 295 could lead to a downward trend, or do you see enough support at level to limit that risk?
@steve it isn't insider trading if they stop any insiders completing any trades before the results are published. It would only be insider trading if they traded on that information before it was released.
IMO the rules are sufficiently vague that issuing an update on the 30th on a report that was only complete on 15th is timely enough to pass the rule. "must issue notification without delay" is very much open to interpretation, unless I've missed the rule that specifies without delay means 3 days, in which case I'm happy to be wrong.
@mouseman
I agree with your view on the wider market - my confidence is also at an all time low and I worry that the wider market is likely to limit the upside for Boohoo's SP - I hope I'm wrong.
I disagree on the RNS point though, I think the smart move is to wait until 30th to release all the information at the same time.
I think £4+ is still in play, but that is feeling slightly less likely everyday unfortunately.
@mywife's point make me want to sell before 9am on 30th - I your point and think it's very valid, albeit it doesn't give me confidences in the steady price rise I would ideally like.
@bricks the rules on when they have to tell the markets seem vague to me. They will tell the market, but that might be on the 30th.
Unless anyone knows otherwise?
What do people think will happen share price wise if there isn't a trading update?
I'd like like but could understand if the board decided to release everyone in one at 30th. Would that lead to some big swings between now and then?
Someone calculate Boohoo's Beta against Nasdaq and let's have this done.
A quick search shows Boohoo's 5year Beta at 1.6 so the large impact of the wider market on Boo SP isn't surprising.
@zino you are completely correct
These inter day roller coasters aren't good for my stress levels. I wish I could take my own advice of being patient and think of long term fundamentals but drops to 290p don't help.
Still in and still hopeful.
I always compare SP movement against Asos to get a general feel for if it is boohoo specific or if due to market trends. (both similar businesses - obviously many differences but at a high level the comparison is valid).
Asos is down c5% today - this drop isn't specific to any BooHoo specific issue.
While I'd like a trading update, I aren't holding my breath for it.
I think a robust response to the audit result will help the SP just as much as a positive trading update. If we have to wait until 30th for both, that's fine by me.
Of course, if they come out on Thursday and say they've smashed all forecasts I won't be complaining.
It feels like a while since we've seen a few steady blue days without huge intra-day swings.
If close 2% up today it'll be a good start to the week and I'll be hopeful going forwards.
Nervous but very excited to see what happens in the coming weeks. Glad to be in sup £3. I think FOMO in the run up to results will be hitting PI's very soon.
@nick I'm glad I was wrong about Tuesday being a red day. I was worried that there might be more bad news over the week but it turns out there was nothing to worry about. I therefore bought back in first thing Tuesday morning.
Just because it is quiet and no news until results doesn't mean the share price won't continue to rise ( I should have clarified that in my post). Anticipation is building, and I am hopefully for strong rise over then next 3 weeks.
My mind has never changed about this being a long term hold, and if you are going to buy shares and leave them then I think that's a good bet. But in the short term, news drops daily, and I don't think there's anything wrong with changing your mind.
There's no legal requirement for the board to give an update that I'm aware of. I agree @steve , whatever the results are I'd want to wait until the result of the investigation are finalised before releasing anything to the market.
Only the board knows if a trading update is coming, but I wouldn't be shocked if it's quiet until 30th.
@dreamachine - agree. My guess would be a red Tuesday then some recovery. I still believe this has solid £4+ potential by results, but it's going to be a roller-coaster.
Do you think this will be higher on lower on Tuesday after all the other papers have filled their pages with this story? It's a sell for me and buy back in when this bottoms out before any results.
Currently selling price below 14p. A lot of people looking silly from their comments before opening. Be interested to see what people expect the closing SP will be today? I assume most plan to hold at the current level and are hoping for 20p+?
@investroid
I think you've misunderstood my point (probably my fault). I expect the result to be good. But if they aren't as good as what I expect the price will go down - was the point I was trying to make. I was answering why people sell. I haven't sold. I bought in at £2.17 and then again - slightly overly excited - at £3.20, so average £2.6.
To clarify, I am of the opinion this is likely to get back over £4 in the coming weeks / months. But that is exactly that, an opinion. If it was a fact that the price was going £4+ everyone would invest and the price would reflect that. Market equilibrium.
Because none knows that this will go to £4. People speculate and have opinions but nothing is guaranteed. If results aren't as good as people (including me) expect and bad news comes out then this could tank. With that been said I don't think it will tank and hence I am holding, but that's just an opinion and the risk that comes with investing.
*@Peakdistrict apologies
@prskfidistrict 5 days ago this share was at 212. No SP travels in a straight line. If you get nervy at every small downturn investment might not be for you.