I've bought into this one. Looking at the T1ps report and the obvious value, it's seems a no brainer. Of course the share will probably dive now!
A good deal of this company's clients are in the residential / commercial property and financial sectors. I wonder if the drop in share price is based on the assumption that it's clients will stop investing as much in marketing as their businesses come under greater pressure in what are faultering markets at the minute. Property and financial services are getting a real kicking under the current financial conditions. I still think the company is cheap and is certainly out performing the other media companies I looked at but I wonder if the reduction in share price will continue for a while based on this sentiment. Any comments? Ps, you could argue their customers may continue spending the same in an attempt to keep things going under tougher market conditions.
I'm pretty sure listed companies are required to make these sorts of statements - you see it all the time.
sorry for the words in caps by the way - just had a glass of wine and got carried away!!!
I'm also a t1ps subscriber and couldn't agree more with ihavenoclue - what a stupid position to take!! In fact I think themoneyman's action's do alot to promote the t1ps site assuming the info posted doesn't turn out to be rubbish that is!!. They should be paying him commission on all new applicants (as they should me cos I also do it). STOP BEING TO TIGHT!!
share placings / fund rasing goes on week by week. If a company has a good story to tell, investors can be convinced to put money in. For some investors, the sort of money raised here is a drop in the ocean and quite acceptable for a high risk / return investment. Even in this environment, investor still have some investments for this type. It's a small company working in a very narrow market. If it gets it right the SP will fly, if it doesn't find a few significant customers, the company will carry on making promises and raising money until it folds. I think your assessment of the significance of this fund raising and the likelihood of news immediately around the corner is a little optimisic although as a shareholder, I hope you're right.
the graph on barclays shows the shares at 10 times their original value historically as well as today. I don't for one minute believe the share has gained 800%+
sorry - you're quite right.
interims due this month - I've heard friday on this site but don't actually know the day. I hope 20p will just be one rung on the ladder - i am expecting the return to be a multiple of my original investment at 17.2p ave. You should really think of this one as a 2-3 years investment in my book unless it shots upto 70p in 6 months or something like that. The last broker report I read in feb quoted 68p as the target price.
Thanks
does anyone have other such undervalued stocks their looking at. I doubt there are too many around but it nice to get current views
except I bet most of them haven't felt any pain ............................... lucky fu-kers!
for once, I may have timed a share perfectly actually catching the bottom!! It looks like this may fly all the way to the interims - just hope the news is really good and the curve does 'a stagecoach!!'
thanks for the link buller, that makes interesting reading and seems to have sparked off a few buys.
A little more news ........................... Still on the upside, Myhome International ticked up 1 to 15 after Derek Pain in his No Pain, No Gain column in Saturday's Independent newspaper described the stock as 'cheap as chips'. My guess is it will drop back again to 14 but who knows.
on the other hand the buy price is now above the mid price so the real cost of buying the share hasn't dropped so far. You'll note from my previous post that the trades marked as sells are often buys - you can tell from the trade price.
interims are due in May, I had heard mid May but don't know for sure. Interesting that Barclays are back in. Lets see what May brings. Clearly, this isn't the bottom - I had thought it was................SH-T!!!!!
If the business and more importantly, it's profits continue to grow, then the company's inherent value grows. The interims will be important but if they due show continued growth, then I think medium to long term, the SP has to rise in line with the companies true value. Perhaps MYH will be one of those shares where private investors suddenly wake up and the SP flys (a bit like LEG did a few months ago rising a multiple of 5 times in 3 months). I'm waiting for the interims - if they're good, it will at least tick up.
from Barclays £160k of buys and £25k of sells going of the trade price as they are all indicated as sells with the mid price where it is. The trade volume represents almost 2% of the company's value. Makes you wonder how much more buying is required to get the price moving north? (or am I missing something?)
I've just topped up at 14.5p with a mid price of 14.75p so what are showing up sells could be buys (which would show as sells if they go through below the mid price. I couldn't determine the sell price. I tried to get a quote on Barclays but it throw up a messsage saying the deal was too big to process on line (only a quote for £1000). If the interims are due out in 2 weeks hopefully, the price will creep up a bit rather than down???