focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I hold IMMO and the deal probably means I am back to breakeven - also they usually provide a trading update in late December but it has been radio silence for ages (now we know why). Hopefully the same applies here? Certain deals are taking ages hence the lack of news - well that’s the positive take…
They were going to sell 51% of HBE for £250k not that long ago so something changed - perhaps there’s an acquisition or two already lined up? Also imagine the time spent working on this deal when they could have been growing the LBE business??…
Nothing for months then three RNSs come along at once - sad to see them sell the core asset but seems a decent price with 3p back to shareholders and money left to grow the remaining business. Win-Win?!
That’s probably the largest buy trade I have seen on TIA this year - perhaps a Director!?
Well I rather have four divisions than one - spreads the risk. We didn’t have StartArt last year - nor KPOP - nor formula-e .. no one is happy about the share price but I am not selling at the low point just before the brokers note and news on formula e plus I was told to expect an investors presentation in February. Eventually my patience might snap but the darkest hour is just before the dawn and people seem to have forgotten the share price moves from 3p to 12p in a matter of days last year - so why not again???
The truth is that there are plenty of decent companies out there with growth potential - like here - that have had a dog share price performance the last year - probably 100s! You can pick 5-10 of these shares and stick with them as most will recover - or sell at losses to chase other shares you think will recover quicker - trouble is - I can tell you from experience that it doesn’t always work and the dealing:share price spread charges soon pile up. Btw I like Dark - it’s just one of many shares I see recovering this year - and I include LVCG in my list but probably the second half of this year imho
At least the acquisition is at 89p so I doubt they will be selling down any time soon - once we get numbers then we can start to work out a decent share price target
Some buying ahead of tomorrow 31 January due date to complete the acquisition - maybe other news coming too?
Indeed - there will always be contracts to sign and talks to be concluded so you could use this “excuse” indefinitely as the reason not to issue the brokers note… release it as it can always be updated later in the year (btw the next investor presentation is due next month so February should have more news flow than this month)
Another purchase and at this rate Tobin might take over the company himself in 2-3 years time!!
Except for the tweets - last one 6 January which I replied to asking when we can expect a trading update!!
Indeed!! Time for another angry tweet…
It’s not just Ohmin - I thought StartArt were hoping to get 100+ artists to sign up with a monthly fee so I presume everytime one of the artist sells a piece of art, StartArt gets a commission fee if sold via the platform? Also isn’t there plans in the works for an event every month going forward? £1.5 million EBIT seems ambitious for this year but I can see how they might achieve it!
Only if they sell - otherwise it’s currently an unrealised loss
Agree - apologies for the confused text - perhaps too early in the day or just fat fingers - not planning to sell so can wait but the share price will only move back upwards on positive news flow (and I am sure the company are aware)