A good week..(23)10 Jun 2017 07:41
Yes one of the better ones, 80% of the trading done on Monday and held on to the gain (0.75) through 25 bargains dealt on 500k volume.
Wk (24) last saw no company news and little interest (8 deals/125 vol)
the shares closing at 8.5 after 9.875
open.
I'd agree we have no good news factored into the sp, it would be nice to know how we are valued!! What's that old wives tale about the SM looking 18 months ahead re a companies prospects? Obviously does not apply to Aim microscopic cap med device firms, or I hope not else we are for the knackers yard.
Unfortunately there is no formula for a Co in our position with no sales to speak of so sentiment and prescience play a huge part or what someone is prepared to pay for a share or hope the co is on the right path that determines the value. Mispricing of shares presents opportunities if you get it right. I think Sphere is substantially mispriced and have within my cash resources bought as much as possible between 5-7, not as much as I wanted, but at least Mr Market gave me the chance. Only sales will prove me right or wrong on that score (av downing). I bet I'm right.
I better be!