The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Disco when someone says it’s 50/50 on whether you make money or lose money and you call them a troll, you are showing how over exposed you are on this share and your desperation for everyone to just say it’s going up 500% so you can feel justified. End of the day the news is there in plain sight, if the company doesn’t find funding they are going into administration. That’s from their mouths! If you want t take a punt go for it. But it really is you will lose all your money or make some, there’s no selling for a slight loss.
No debt, slow rise in profits and contract wins lead this to boost upwards to the high teens. Then failure to secure more contracts whilst embarking on suing companies for patent infringement, big one was Maxwell which took 5 years and CPX lawyers failed to spot the patents were invalid, so massive loss and the company has to pay up court fees. The CEO also resigned and took a huge chunk of money from the company as a buyout, so there’s no money left unless they can secure funding.
London Ale, why don’t you explain how it’s transformational? How is a company that’s reported they will be going into administration if they can’t find funding suddenly had a massive turnaround less than a week later? Don’t just call people scum
If the company does go into administration we probably won’t find that out until nearer the end of the month. I notice most LTHs have just left the muppets here to pump their nonsense. Facts, they tried to sue Maxwell, lost and have massive costs to pay, if they can’t secure funding they’re going under. The only reason to buy in now is if you really are taking a massive punt, if you’ve not done any research as I suspect most people posting the last few days haven’t, you might be in for a serious headache. Only chance to get out is if this spikes on rumour over the next few days.
What you mean is, "Petro, my mindless ramping to get out of a share I am down on isn't going to work if you keep posting true facts like this company is potentially going into administration at the end of the month, so can you please refrain from posting until I am out and let the idiots that bought in without doing any research deal with the fallout"
Love seeing all the rampers turning up after the spike desperate to try and pump this up. Well I won't complain, but a lot of you about to be stuck in this like the rest of us. Still if you can ramp it to 1.2p I'll be over the moon.
Nah I'll just leave it here, see what happens, that's what a punt means, but thanks for your advice. I bought BTC a few years ago so I'm not going to worry too much about a loss here. To everyone else, ignore the saddos here and just do whatever is going to make you feel most comfortable. See you around!
Blame yourself? What are you on about? That the investors are the reason the company failed? Simple fact, the company was meeting pipeline orders, had no debt and cash in the bank, they decided to pursue Maxwell for patent infringement, which their solicitors seemed to persuade them was a near guarantee, and they lost, and the fees are clearly too high for the company to absorb, thus here we are. It's the fault of the company and the lawyers, not the investors who took a punt.
The difference is is that the company has failed mostly due to the court case loss, so your comments are few years ago were baseless and redundant. Coming back to rub salt in the wound of those who are hurting shows the type of person you are.
Ooft, that's quite a bit of news to take in. Sorry to hear about those who are overexposed, never bet more than you can afford to lose. I see little point in selling now so I'll be here until they turn the lights out. You do hear stories about those that held their nerve and were rewarded (look at RR), and at least in the new few weeks we'll either know if we can finally lay this company to rest, or if we will be getting a fresh start, although I highly doubt we will ever see the heights of 18p again, or even 4p. GLA.
When CPX posted new contracts, the MM's dropped the SP.
When CPX posted they expected better than average results, MM's dropped the SP
When CPX posted under performance, MM's dropped the SP
When everyone thought CPX would win the case, the MM's dropped the SP
When CPX lost the case, the MM's dropped the SP
When it was stated no costs would be incurred, the MM's dropped the SP
When it was stated costs would be incurred, the MM's dropped the SP
When CPX said the costs were minimal, the MM's dropped the SP
When CPX posted better results than expected with figures, the MM's raised the SP...then dropped the SP
I just don't know after how many years, what this company can do to get those manipulating the SP to take it to at least it's fair value.
Unfortunately I do not think this is a wild claim, it seems more likley than a surprise turnaround. This company has had years to secure massive contracts with it's "world leading" tech, but it has failed to do so. and unfortunately, the lawyers here appear to have absolutely f****d this company with their sheer incompetence and failing to recognise a clear invalid patent. I doubt they'll be dropping their fees and covering the costs for their failures, and Maxwell naturally are going to push for their costs to be covered since they've been found not guilty. At this point I should just sell and take what's left and throw it into tech funds, S&P and global index trackers, but I have decided with the level it's at to just ride or die and see what happens. GLA.