The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I haven't nailed down the reason for all these ATs throughout each day but can only surmise that stock is traded between investment funds for some tax reason. At the same time the ATs do a good job at manoeuvring the SP for the MMs "Mates Rates". All looking well played to me. Bought & Sold nearly the same figure yet SP drops 2.6%.
SP could well explode & catch everyone off guard. Imagine having just sold to short the price then some news comes from nowhere to send the price to +£6.
Not buying 33p waffles - strong day tomorrow +36p
Low volumes are sometimes deceptive. ATs working away and seem to be holding around 35.5p.
11 million is the average trade volume. Between 3M & 11M the shorts get active
Order book is looking good. SP should gain 4% today.
Cream away all the excitement, the SP is unlikely to move much until more news. Probably will drop to 15p in the short time. The PI presentation, judging from the available PDF was not impressive enough for investment which can often be the case for medical advancements. Company needs a helping hand to get commercial faster. I don't expect much will happen until maybe April but keep watching.
Beware the trading update when it comes is expected to show a drop in sales if within guidance. Beware that a sudden RNS may appear before the trading update that could announce a change in fortunes. What a dilemma! You BUY you SELL before TU only to miss the unpredictable. Best to invest & beat the shorts & the traders.
As of 1 November 2023, 30.73% of shares were not in public hands.
https://www.boohooplc.com/investors/major-shareholders
To turn the media frenzy on its head it has been good publicity for the company. Brand Awareness for free or at a short term prestige cost. The only downside is that BBC viewership is dropping (probably dying off). Ehh grandad, you watching the BBC? Ahhhh (sadly no more).
PIs to be squeezed out -well it will stop the bickering won't it?
https://uk.finance.yahoo.com/news/insiders-own-22-boohoo-group-091733298.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAIG9EFzqC8-aaIlPPuhyfbyOURoUOYUmMEwjFtcDJKoO2pBL3JMskCFbiDBFnxkpIIakRacthzcP0I1I-q0z4Uw9R8vymzauZtu1HhAFKmLPpdsqSKLF6uboVyA5BPdfcWJ8-aQ_d5Rgjk0huEe2SxgUz4JH_9qj3S96OPpnSPFn
Best wait to next week before buying here. Too many jumped here today.
Gonna make me a dynamite waffle & place it TwoGood2Die's best post.
Anyone left here that bought over 50p? Been a massacre with a small rebel group who ran to the highest hill then fled once they saw how far away the horizon is.
Hopefully some good stable news will emerge shortly but don't wait for any poster here to announce it DYOR.
There is always potential for a change in the SP direction - speculation or hard cash.
It looks like TwoGood2Die survived the assassination attempts & has kept his hat on, well done.
15p or 9p then static until further news. It most likely will flare up again when some major contract pops up.
A big change from a few days ago when it was hard to get 23p. 37p was when speculation was rife. Still worth £1 but will take a bit longer to get there.
Forecasts are that it will bottom out in 2025
https://www.fool.com.au/2023/11/27/what-will-the-lithium-price-be-in-2024/#:~:text=Here's%20the%20latest%20spot%20prices,%25%3A%20US%241%2C580%20per%20tonne
Producers may also halt production to restore prices.
The problem with scientific research is that it is often presented by some oddballs in white coats whom financial definitions do not enter their remit. Coupled with a media manager to give flare to the idea of a science breakthrough we get these presentations for those that may know little to provide funds for the product development.
So do you invest? Do you trade in the hope there is interest in the company? You can't make any decision based on the remarks on this board for sure. All here have a trading agenda apart from the angry ones who have been here a long time.
Presentation is a nice sales pitch but not investment material. Strong buy if the SP goes up otherwise keep some for later in the year.