Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
20p by Stumps.
At which point I intend for a 4 bagger in less than 2 weeks.
But will keep an eye on Momentum as it reaches that because it could easily overshoot that if it passes 15p with ease and also if US is also flying.
Should be an interesting afternoon..
Everyone knows that Kira001 is a David right? 60+ from Richmond Upon Thames.
If you've been tricked into thinking its some female 22 year old female student paying off her loan then you need to recalibrate.
And you also probably need to stop answering those Royal Mail texts about your parcel being stuck.....
Financial Controllers are usually tight as a ducks ar*e, and normally so risk averse.
So to read that he has bought more shares is a great sign.
Hopefully the next 1-2 months can have some major announcement.
@Novicehunter
Have a meeting with yourself.
Its all over son. You missed the boat. Your bet on a placing failed spectacularly, and all the people you convinced.
You were duped by your Master, as were alot of other LTH to sell their shares in panic yesterday which were then eagerly bought-up by the people who 'really' knew what was going to happen.
If you read Monday's RNS its clear there was no imminent placement. Maybe in 2 or 3 months. The company has substantial cash.
As per RNS:
As per the announcement of 19 January, the Company has SIGNIFICANT cash resources. Accordingly, there is NO IMMEDIATE NEED to raise additional capital and the Company may choose not to proceed with a fundraising until such time as conditions are more favourable.
The BOD know if they published a placing this week they would be off to one of Her Majesty's fine HMP establishments.
Won't happen anytime soon.
It doesn't take a Golden retriever to show a blind man the sun.
So humorous reading the dog whistling for a placing by the shorters in some of the posts below.
Panic has truly set in now that they have called it wrong.
So which approval will be granted first??? I wonder what it could be.
US certainly needs more tests and China restricting exports of tests due to an increase in cases.
Exciting times.
GL
Trading Update tomorrow.
Have kept some powder dry on anticipation of slightly disappointing results below expectations. But we will see.
SP has not lifted today or yesterday in-line with the general market after Monday's dive, so I am nervous for what this is indicating. Really poor infact.
Time will tell. Either way I will be buying tomorrow as still averaging up.
Yes that is right, their customers are shipping the kettles, or not shipping as many kettles is the more correct fact, which means their customers warehouses became very fully indeed. Then what? Can you work it out? Yes thats right, lower production schedules of required thermostats.
Lets see what happens. But we should know this week.
If there is bad news on top of todays news then we will see more of a drop. If not then I have already got a bargain today.
Of course it is speculating because the figures have not been published yet.
But my opinion is based on what has already been seen with other small appliance manufacturers in similar industries.
I expect that the next Update will say that call-off quantities have reduced due to large warehouse inventories at the customers due to reduced shipment quantities to major markets.
Do you know how much it costs to send one kettle from China to Europe within a container of kettles? About 50p. Well that cost has increased about 10 times which for a kettle is enough to wipe out all profit on many kettle models, and the same for many other appliances, so shipments by brands has been curtailed.
Many Directors use the old property tax line as standard excuse to justify selling. Hard thing to prove so is a safe line for them.
I agree that it is undervalued. But I think it will drop after next Update. So don't intend to top up until then.
We will see soon enough.
However, I have also topped up today as too good an opportunity to miss.
As I pointed out on here back in October, I expect the revenues to be down due to end customers restricting numbers of kettles shipped from China due to high shipping costs. This is why the sp has been drifting down in my opinion, and also why there were Director sells early on.
The question is what is the magnitude of the hit on revenues.
I certainly had no plan to buy any until financial statement which is due any day now, but seeing the price today is very attractive. Bargain.
Big drop in momentum today.
The City always know a lot more than we do.
I will bide my time before jumping in.
Will we see a return to 0.16? If no news soon then we may.
But potential is certainly there if drill results are good.
Bloody hell, I think Rammer will be complaining about the veneer on the inside of his own coffin!
After what most have been through over the last 12 months, then it is no surprise that people are getting excited and in good spirits.
Even as a resource swishing around under the surface, price shout be at least 3 times this even by now.
Clearly other developments will happen in the coming months to address exploiting the resource and that's when the real fun and games will start.
Hold for gold, or buy more and lock them away.
Put the shares in a draw and lock it until 20th December is my advice. Then review what you want t do then. Or buy more of course.
You will be alot richer by then, takeover or no takeover. There will be a huge uplift from here by then either way.
Far less stressful than trying to play it. That's what I am doing.
Also, if you fancy getting in on 'another' COPL type share, take a look at #FOG. Definitely worth reading back through the comments on that BB during the last week or so. Alot of combined knowledge on this BB so would be interested in thoughts.
Hold till Xmas. GLA.