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The fact that it's dropped from £9 is obviously not why it's risen 50% today specifically, don't be ridiculous.
Either a clarification RNS tomorrow or I'd have to echo others here in saying it's a P&D... fine for people like me (and Zen) that have been in for a while anyway, but I'd urge caution to new investors as I think there's definitely a risk you'll get spiked buying in here - not deramping, just being balanced
If it’s not a leak then I’d expect a retrace to the 60’s - as I said, not the first time we’ve seen this (albeit not as dramatic an increase).
In order to maintain this we’d need to know what’s different today vs yesterday, or last week...
Obviously hope it’s a leak of good news for all LTHs, either way we’ll know soon enough
IMO - if you're trying to day trade then you should be well aware of the risks involved in mistiming your entry... if you aren't then you should be researching the fundamentals and making an informed MT/LT investment, in which case you really shouldn't be on Google hitting refresh every 10 seconds
Hi RBT - funnily enough I caught INDV on the bounce and sold out when it first hit 40p mid-month to get in here having seen quite a lot of noise (mostly Degsy), so whilst I wasn't in 'early' I'm still very happy to be sub-9p.
I think it's the first time in 20 years that I can actually say I've managed to time it near-perfectly in terms of trades... and if I ever meet Degsy I'll be buying him/her a beer
In all seriousness though, and I know this has been said by some already, I don't think everyone realises what we have here... the reason that the AIM market is so volatile, and the misses far outweigh the hits, is that companies usually list there in order to raise finance - with the promise of future profits... as such they are often very high risk / high reward.
There seems to be something of an arbitrage scenario with BLOE at the moment, where the company has (inadvertently) landed itself in a position whereby they are not only largely self-financing, but actually generating free cash flow... the market is (slowly) waking up to this, but if near-term milestones are hit then there's a lot more money to be made here - and the reason the CEO looks so happy is that even if they fall short on those the FCF already generated means the rest of the project is significantly de-risked
Results exactly as expected... what I want to know is what's happened to all the people that were claiming that Faron were holding on to the Japanese results so that they could release them in conjunction with YODA? I think it's important to challenge these assertions as and when they are proved to be baseless, because they are completely misleading
Good luck with the target knokke, AIM is definitely the right market for the kinds of returns you’re looking for... with high reward comes high risk of course, and I’m sure you’ll already be aware that even with a good deal of due diligence there’s a greater chance of losing your initial £1k than of turning it into £20k.
That said I’m in ARS and confident that your short-term upside of 15-20p here is achievable. My only advice would be that if you do enjoy some early success you look to de-risk accordingly - the fact that you have a target amount and timeframe already set out is good. The hardest part is often walking away from the table when you’re up, when it feels like you’ll carry on winning forever.
cwebb07's original post here is important as a general observation when using these boards to help inform investment decisions.
A bit of simple due diligence re. Zen would tell you that, based on number and content of posts, he is likely to be heavily over-exposed re. FARN, and sitting on a not insignificant (to him at any rate) loss at present.
Most on these boards will be invested to a point, so you're never going to get a completely unbiased range of opinions, but when someone is as bullish on a specific stock as Zen is here it's always worth stepping back and asking if it's based purely on company information in the public domain... if it is then that takes us back to the obvious question of why the SP is remaining stable just above historic lows...
If you’re really on the fence there’s nothing to stop you putting a stop loss on it of course - barring anything catastrophic happening it means you can stay in and still sleep at night once you’ve broken even...
There’s the 40p then... if it gets close to 45 then I’m probably out to be honest - not because I think 45p if a fair price, this should still be higher IMO, but I got in at 24p and part of the game with these types of gambles is being able to walk away from the table when you’re up.
Best of luck to anyone staying in here long-term, I think news about where any liability would actually sit is likely to have a very positive impact here, I think you’ll be fine long term
RB - hopefully you’re reading the sarcasm in some on those responses? Nobody’s listening to Woodstock, that kind of activity should result in a ban IMO.
Personally I think 40p will be tested tomorrow, but obviously DYOR as always
Unlikely they'd book a $3bn contingent liability - accounts are prepared under IFRS I believe, so IAS 37 would apply.
Indivior will argue on the basis that they believe payment is unlikely and/or that a settlement will be reached for a much lower figure. Much more likely that they will up their provision based on revised legal costs and/or what they view to be a realistic settlement figure.
A clarification RNS issued tomorrow would probably rocket this now
I agree - been watching all morning.
Dead cat to 40p IMO, well oversold now... I'm in for £9k at c. 24p to back up my assertion
Hi Mani,
My guess is that it would depend on so many factors that we as relative outsiders wouldn't be able to determine what would represent a 'good' deal or not - either way I'm sure that the RNS would present it as a 'good' deal.
Definitely the level of upfront investment required would be a major factor. Other factors that I imagine would play into how good a deal we are able to negotiate would be how many interested parties, whether there are any similar solutions under development by competitors (one slight concern of mine on Clevegen after reading the article posted yesterday) and whether we are in a strong enough negotiating position to walk away from a 'bad' deal... the latter is obviously dependent on our ability to raise finance through other means