RE: Morning all10 Apr 2025 12:32
I think it's fair to say we already know why we're stuck at this price:
the integration didn't do anything for the sp
the next update date on Semnet is undetermined
the IPO seems to be many months/year away, as it requires more accounts than we currently have
we have no qualitative information or verification on any volume on the platforms
bake hasn't had any updates beyond integration
no ongoing news on client numbers
no podcasts
no interviews
was unaffected by tariffs, which is good but, equally, implies not very connected to wider markets
the sp does very well when the 'news imminent' is very positive but, considering the positive news that was delivered didn't do anything it's stuck with nor real volume in or out.
suspect it'll wallow and might move up to 1.55 with a few buys but, equally, move down to 1.4 on a few sells.
there's more interest out there, potentially with the market volatility because, as we've seen, this share isn't really part of the market volatility so noone's really looking at it.
i think that's a fair summation, until some news drops that moves it one way or t'other.