Member Info for KNIGELK

The question here is that Phorm has promised similar previoiusly - look at all the countries they have been planning to operate in (Poland, Brazil etc) and suddenly it all sent quiet. This time might be different but there will be substantial dilution before the company ever makes a profit (it's got to start with getting some decent revenue first). By all means invest - but with eyes wide open to the history here gl

Excellent find and "handle increased business" are the key words imo... looking forward to news when it comes and note increased buying again today gla

The results are positive and outlook is great but I agree, there is nothing significant to move the share price sharply higher at the moment. Note eps is 0.55p so historic PE is 36. I reckon the shares will stay in a tight range for a while but perhaps news on a new contract in the near future will change this? gla

What is your problem please? We all know the results are due this month so we will not be waiting much longer...

Yes I was expecting the update today when you look back at previous years... perhaps there's so much good news on the way the company needs a little longer than usual to update us? lol (of course a RNS doesn't have to be at 7am)... the share price could fall back but I'm going to keep buying on any weakness gl

Really surprised to see a 50k sell today ahead of poss news tomorrow (as Thursday is the usual trading update day). Just added 10k at 15.3p and expect a decent PEG like return soon lol !

The last fund raising in July was for 208 million new shares at 4.8p each. So the fact that the share price is much higher and the two largest shareholders have not taken profits suggest the new share issue will be a lot lower unless they require more than £ 10 million this time...

I don't think there has been a leak - I just think PIs got excited about "China" tbh. The last RNS that dealer has just repasted is impressive but I just keep looking back at the interim results (which I hope everyone did on their DYOR) and there was hardly any revenue and negative shareholder funds - which changed after the July fund raising. £ 10 million was raised in July and now just four months later they need yet more funds and yet more shares to be issued... so obviouisly revenue is not yet reflecting the increase in user hits etc. How long will the test campaign take before they go commercial. My concern is when/if the company eventually becomes profitable, there will be far far more shares in issue by then. Of course sentiment is a key factor and most here continue to believe the story on growth but tbh I already think the share price has exceeded the current situation although the market continues to think otherwise.

Impressed share price did not open lower. I can understand if you are invested but why buy more at the moment when details of funding are unclear? Last time over 200 million extra shares were placed with two investors so who knows how many are needed now and at what price? Also factor in the possibility that one of these 40% investors might decide to bank profits themselves at some point.. still very high risk until updates gl

Maybe but some will bank profits. No details on funding though. How much cash is needed? Will it be via a discounted placing? I'll wait for the details but gl

Thanks for the link. I always dislike sharp movements in a share price without a RNS so good that the company confirms that the reason for the movement recently is good PIs moving into the share due to "China" and the recent RNS. With 80% of the share issue held by just two shareholders it was obvious any volume would cause a sharp movement. News of funding soon - it will be interesting to see how the share price reacts at the open...

CTFA

I have heard talk of an AIM christmas rally (not sure if this happens every year). Definitely some dormant shares are coming back to life (PPR, CSSG, TLY and Phorm to name a few). Could be a good few weeks ahead and PPR definitely due a trading update gla

I think it means "need more shares" which with such a low share issue is probably right.....

I am honestly glad to see some making money out of Phorm now. Several times in the Summer I tried and on both occasions sold at breakeven. I just note the pattern of RNSs but this time I concede they are trying a different strategy. It is really hard to have a valuation (imo) on the company until numbers are supplied but you are right - if cash burn is down sharply the share price will continue to improve. Just remember the company has a history of disappointment so I have to see probably a number of positive RNSs first to believe it (if you know what I mean). But I have no agenda or grudge against the company - I just feel they need to be a lot more transparent. Remember to that the AIM Christmas rally might be happening so Phorm will benefit from sentiment and at least some of my other shares are doing great at the moment and you can't be in them all gl

My bet is Friday (just glad it is not the 13th)

I do admire the companys new strategy... state stellar figures without giving any revenue details, state China update very shortly, keep PIs on tenderhooks for weeks. allow the higher risk investors to buy in, move the share price up and up... then issue China update (when who knows) and finally give out details of any fund raising at a far higher price than on previous occasions. I don't mind missing out because I want revenue facts first. What is the cash burn rate now? What is the revenue increase now? How much cash does the company have? Keep rising the share price - these questions will not go away...

However I have added now just in case lol (because that's quite a decent volume of buys)

There's been a few false dawns so I will believe it when I see it (a RNS)

You could well be right with 80% held by two shareholders it doesn't need much volume to move this. TBH I should have got in earlier as sentiment has definitely change but has the revenue? So will keep watching for now with interest..