RE: Markets9 Feb 2018 12:54
The speed at which we ran up to 3.79p on Wed, is indicative of the fact that "mobile shares" are limited. The deal with Bosch has been under wraps for so long it is now an open secret, and as such we have probably got II's in the wings (cash ready) to invest as soon as the deal becomes official. My feeling is that it will take 5-7p at least to get most PI's to loosen their grip in Q1 (especially those buying at over 3.5p), and from there until December (by when we will have more motor bikes and shipping deals,) I would not be surprised to see us at 12-18p.
With news due this month, and the 14th (midpoint of the month and the quarter) only 48 hours away on Monday, I would not be surprised to see an RNS at CoB today as the longer it is left, the more likely it will clash with the UN announcement - and Bosch will probably not want to share the limelight of publicity at the launch of their new product.
I think we'll see fireworks next week - nearly there.