Thorndon - wasnt making a slight at holders that are long btw, I meant that the longer that investors who sell on these falls (who are likely PIs that dont understand the business and its seasonality etc) then the more opportunity it gives for trading
As I say I love this business and hope Ive got a decent sum in when the inevitable happens and an offer comes in for the lot
In the meantime, I will buy these silly dips and sell most when it gets to double figures
TA says 6p is the floor here and we hit it today - I cant believe it dropped back to here again but grateful it did as it has given me another chance to fill my boots and sell for great profit.
The longer investors dont understand what this company is and how its finances work, we keep getting chances to make money
An absolute favourite of mine as its got great fundamentals and I value it at about 12p (was very surprised to see it go higher previously and gutted I had sold out at 15p ish!)
BUT - 6p is a gift - it could stay at this level for weeks on end now, but when it moves it moves darn quickly - I will be sticking to my exit plan again and expect it will drop again next May/June where I will be waiting.
The great analysis posted on this BB by some very knowledgeable investors, is a great place to start your research.
Thorndon & AJP (and others) offer great insight to this company and I thank them for so many leads in my research - hope you all make a load of cash - but if you are worried because you are in the red, then DONT - hold on for 3 mths and see where you are then
Blank - best wishes and no problems at all - you will get your 55p soon
If you consider adding then 48p and 46p appear to be the marks
when the shorts showed their hand I sold a load as we have seen in the past the shorts do get most of what they want in the ST - hence why I has happy to sell and set buys at the 46-48p - I will milk this cash cow as much as I can for as long as I can
Easy to trade when its undervalued (IMO) so buy the dips, sell a bit for profit, hold that cash and buy the dips again - rinse and repeat
I will see what its like when we get to 55p but next time I think 60p will be the stumbling block and depending upon when that is, it may drop back to 51/52 - where 50s become the old 40s - still rinse and repeat though!!
If you just hold, then I suggest not selling all at 55p but maybe 1/2 - then you have a natural hedge as if price goes higher you sell with more profit, but if it drops, you use those proceeds to buy more - same cash invested but more shares for you money!
Blank - yes we hear of a lot of these types of businesses that have poor working relationships - but frankly the market doesnt care about them, just the Balance Sheet and the projected profits - selling more smaller units that are not in focus and getting good multiple in return is frankly good business
Losing revenue is immaterial - getting 8-11 times multiples of EBITDA on sale of them is great for us shareholders
New contracts making double digit returns is great - good luck to you for your 55p, I think you will get that within a month - 6 weeks latest
I will keep playing with my 100k investment and leave the other 100k for 80p in Q1
This and ITX have been 2 shares that I have made significant profit on this last 12 mths - both are gifts that keep on giving - both have great upside but get played massively
Capitalizer, I agree with almost everything you said, other than £2 by this time next year!
I do however believe it will be close to £1.50 but it should be over 80p now so I won’t hold my breath. It’s been a great share to trade though. Easy because it’s so undervalued, as long as you can keep buying the silly dips we’ve had the past 15 mths, there’s always good money to be made.