Sadly a lot of the posters who appeared on Friday and over the weekend have bailed out and disappeared... hence the sharp sell off and back to the same share price as earlier last week. There was even one ramping saying 50p was coming! Sorry this has always been a high risk share but sharp one day movements (like Friday and today) happen quite often here so best to hold and consider your position on the next update. Personally I might reinvest a small amount at this level but weighing up all factors first as I don't see this moving much for a few days at least
Added today as I'm sure news is not far away. Some profit taking this morning but these guys probably could have made a lot more if they could have waited a little longer! gla
To be fair though the share price has been in bargain basement terriority for a long time. EPS of 5.5p suggests a share price nearer 40p than 20p imo gla
Good luck but you are a bit late as the share price has already nearly doubled. Stake building has been going on for many months now and I suspect some news is due - perhaps a bid??
The market is usually right. A decent operations update on Friday trigger interest and a sharp spike. A more sober interim results statement confirmed losses and cash burn still happening and a pull back to fair value is the resutl. The company will only re-rate if the improvements seen in Turkey continues and progress is made in China - so I will continue to watch with interest and those who invested on Friday may still see a decent profit over the next few months. However I am convinced that at least one more significant share placing is on the cards but the last one triggered a spike. Good luck to holders and I expect further news is not far off.
Been able to add without going to neg trade - so still a decent free float available. Boris better hurry up and make his mind up before the PIs take the lot lol
No as long as everyone DYOR that is fine and sorry but a lot of newcomers have appeared (did you post before last Friday) ramping it like crazy - that is what I object to. DYOR and provide decent comments - not have a go at someone who is just trying to warn newcomers that this company has always disappointed, has had placing after placing and losses run into hundreds of millions. I got out after the last spike and I suggest some consider making a profit and moving on later this week as I am yet to be convinced this time will be any different. BTW I will post were I want and I do not rule out reinvesting here - just need to have a bit more meat on the bone in detail from this company (China and Brazil hardly get a mention) and proof no more dilutions will be necessary before I do. Just look at MTV - every time it moves up the company hits shareholders with another placing and it falls back. The same has happen here - so do your research and you will realise I am talking sense !!!
BTW I have never shorted in my life - just wish people who do some research first before piling in just because everyone else is doing the same - look at the facts. The company has promised much but so far it has not delivered -- why should it be different this time? If everyone sticks to the facts - improving statistics (positive) and still heavy cash burn (negative) Turkey business growing (positive) and heavy dilution likely (negative) then we will all be fine with one another. I just feel the negatives still outweight the positives and will not lose money with this company again - if it recovers great but just look at the chart history...
Listen I have been a shareholder several times in this company this year and time and time again the share price shot up then fell back on ramping profit taking. If it stays up and starts to recover I will be the first to say "well done" to those who managed to get some profit out of this company because 99% of current and past shareholders have not!!!
I suspect the rampers will be a bit less active today after reality sinks in... US$ 9 million cash as at end of August but cash burn UP to US$ 2.5 million PER MONTH. Sorry whether the company will eventually become a cash generating profitable venture is up for debate but there will be a lot more dilution before it happens. Another placing looks very likely in the 4th quarter...
Stellar results!!!! Profit before tax up to £ 657,000 from £ 88,000 for the six months ended 30th June 2013. Also more new events in the pipeline. IMO this is cheap!
You are not the only one who sold some of his shares a tad too early (although I did get in before HHR was back on PIs radar).. difficult to call this one now although 10p looks possible medium term and special dividends of up to 1p likely once Autofocus finally is resolved so no point exiting completely imo (and still a decent buy for patient investors) gla
Agree 21p is the test point until news. Hopefully a pre-close trading update or contract win will be issued early in October. The sudden interest and volume every day last week suggests positive developments are around the corner gla
Maybe there is a placing coming and shares are being issued into the market? That's the only thing I can think of as with this non stop buying the share price s/b 30p already imo !!
Shareholders are not wiped out (presuming yes vote). Existing shareholders would have at least 20% of the new share issue of min 15 million shares as £300k to £500k is to be raised for the cash sheel. It is dire and obviously if the shares relist under the new name it will be at around the 2p area which is better than zlitch