RE: Its only a matter of time31 Aug 2018 08:33
Patience is certainly the key here. Aim is a mine field. STAR bottomed out at 1.2p ish after a few years of dropping due to being a new company setting up, growing and a few placings along the way.
If you read back over the RNS’s over the years you can see this company has been run well. But it takes time. The figures are good. Revenues increasing, costs regularly being reduced and it is getting closer and closer to becoming profitable.
The company has products that are only going to grow over time as technology grows and as the company is only small is likely at some time to be bought out by a bigger firm.
It is possible another placing could happen and I only think that will happen if funds are needed to grow the company expediently which would be a good thing, but otherwise the company does not need too as it has enough funds to carry on as it is for the next year.
You can either invest this longer term, knowing that the company is growing and improving the figures, where steps up in the sp is likely to happen until it is ready to fly or you can trade the ups and downs taking smaller but more regular profits.
The main thing here for me is STAR is not too far away from profit and funding is secured which means the chart is now going to run in an upward movement as opposed to a downward.
Bear in mind also, the company is run by and experienced person, with previous form of starting companies, bringing them to profit and selling them on to bigger firms. The bod have also plenty of their own money in this company.
Let the traders and mm have their days knowing that patience will win the day.
Gla