The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks for the tip Davius. Through Barclays, the best price I could get was 434p. What broker service do you use?
I did short these guys but got back in late last week at 24.5p. 24p is the lowest the share has gone since it floated (last record low 24.5p). The news from oilbarrel.com at the end of last month sounded fairly positive so I'd be suprised if we didn't get some upward movement eventually on the back of progress BLR just has a awful reputation right now with SP movement to match.
The shares have lost almost 90% of their value and acmh's broker has downgraded his valuation to 150p from 750p. I know it's brilliant scandle but do you guys think this has much further to fall or is their a middle term prospect of a decent recovery after the dust settles?
Hi Davius, what are the shares you're currently looking at?
I'm sure they'll be a time to buy back into BLR but not now. When the next piece of news hits, I'll jump back in. I expect the share price to drift until then .......... abit like some of my other oil company shares. I got out at 35p
Hamworthy are cash rich and have consistently performed over the last 5 years. It's also won the AIM company of the year award for achieving such consistent year on year gains. Last time it dipped like this, it bounced straight back and onto 600p. Could be a good day 2-3 days profit ahead
This is going through the roof for some reason - don't know why
Just a brief few words on Avanti Screenmedia* (ASG). The company is no longer reliant on an overdraft facility having secured a £100,000 loan via a convertible facility, carrying a 10% coupon. If converted, the loan will require the issue of up to 5 million new ordinary shares, equivalent to 16.3% of the enlarged share capital. Meanwhile the company continues to look for further funding to satisfy the group's short term working capital requirement and continuing development. On the operational side of things, I am pleased to see that advertising sales across the company are performing strongly. Booked advertising sales for the current financial year have already exceeded those achieved for the entire 12 months to 30th June, we look to be at last turning a corner. But there still remains some funding uncertainty and so (although, if things go well, there is real upside), at 4.375p the stance remains "hold".
I held for now - hopefully the rate at which they secure orders continues to pick up. From such a low position I hope a continued uplift in sales will make a real difference to the SP.
Got in at 5.75 this morning and already in profit. Looks like a potentially good day trade. I wouldn't like to bet if the company will recover long term. Hoss, I guess it's worth holding for a short while - not that this consistitutes wisdom!!
Any idea how quickly the expansion to 4 lines will be put in place. I assume the sp won't really start to fly until the production capacity increases kick in.
I bought this stock on Friday after the slump and sold this morning kissing goodbye to £100 in the process. T1ps (EK) have given this stock a target price of 50p which sounds a bit dramatic. For now, I'm keeping an eye on this stock and I'll buy in when it seems to have hit the bottom. The trouble for companies like this is credibility. Bad news isn't so bad if it's upfront and clear. A profit or output forecast for the year end would be nice for a start.
I got in at 90p. The company's two products are both in development phases and going well so you should expect to see the share price rise in the coming months. I thin the risk with this company is that when it's feet are held to the fire in the few months time and it actually has to start generating sales, can it actually deliver. To date, the company has worked off EU funding, not actually trading in product.