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As I said in my last post when the price is 1.5p last month that the share price will go down under 1p and that is the good time to entry. now price is recovering. I expect a bit of shaking around 1.5p. if good news released, share price could reach 3p. otherwise, 1-2p to build long term bottom.
terrible results. the debt is huge meaning interest cost is massive and the risk of default is huge. The net asset is only 60m and market cap is 140m. I am not sure if IRV can pay back the interest of the debt in 2018 based on the current performance. large selling pressure.
yes, exactly what is happening. Volume is a bit large. many people reduce the holding to reduce risk. Unless buyer have enough confidence, to push share price to �120 to overtake last high is not realistic. a safe tactic is to keep share price around 90. if good price emerge, jump to 120. if it is bad, drop back to 60p. 30p up and down.
Andy, not too optimistic at short term. one large share holder is dumping its holding and still doing this. i expect it could go as low as 1p although its cash in hand is 1.4m more than its current market cap 1.19m. get ready to enter the market at 1p. i think you will have a good return as Indian market is optimistic on long run.
Interserve used to be a profitable company, a couple of mistakes drag it into very critical situation. with the debt, many bet the company will go down. however, maybe bank, government and bod don't think so. after Carillion went burst, Interserve will benefit in some way. with total revenue around 4 billion, from long term, it will make more than 50m net profit a year in average. you can calculate what the share price will be. the problem is its debt when it is not performing like this year. it need bank support. if bank support, debt is not a problem. i have so many friends borrow money from bank to buy property in London and Aberdeen and make millions. brave company borrow money from bank to expand their business. we know debt is a two sided sword. hopefully, interserve will get bank support and survive and get stronger. as a investor, half of them buy the share and half of them sell the share. at this level, more people buy than sell. you look like a gambler. if you believe the company will burst, you can short the share using CFD with all your assets. i bought �10k at 58p on monday and sold at 64p yesterday because i see the selling pressure but bought back at 57p today. i do think 50p is definitely a rare opportunity to buy if you can afford to lose. if it get the bank support, it will fly to 120p quickly. i will buy more shares as i don't want to see UK good companies to die.
LMI/SGL is 2% higher. I can't understand why people buy LMI not SGL.
As I said last week, sp can surge up to 0.07. this is the first target of rebound with the positive effect of bod change and refinancing. however, the volume is too large. next week will fall back a bit. without any breakthrough of its business (it is tough due to no substantial technology here), sp 0.07 is top ceiling.
@Maidit308, no argument. I sold just after 1:00 when I was allocated OO at price 0.0457 to make about �2100. I want to be the first to pocket the profit before other OO shares float to market (I realised it is a bit too early, it may go up to 0.07 next week, however, sometimes, it is difficult to sell large volume in the company with small market capitalisation). when I sell shares, I normally left a few in my holding to track. this is a good practice. in the case of AERO OO, you can buy whatever you want as only 70% shares are sold in the OO.
@Maidit308, seems you are new. definitely sell. you can see the dealing history that time as below. if it is a buy, SP will be >> 0.05 05-Jan-18 15:29:53 0.0475 30,000,000 Sell* 0.045 0.055 14.25k 05-Jan-18 15:30:42 0.049 3,500,000 Buy* 0.045 0.05 1,715 05-Jan-18 15:28:06 0.05 13,975,009 Buy* 0.045 0.05 6,988
Brickie, this is a sell. maybe sb like me. I bought �10 before OO and then bought 20m on OO and sold this afternoon to make quick money. The dealing history show that AERO is pretty strong today and may have a surge next week if the buyer today is not II. otherwise, there are still �300k of OO shares to sell and SP will move slowly.
Penny, yes, all dealing at 0.05 is buys. Could you pls find out what price you can get if you sell anything?
i did not expect so strong momentum. I sold my £30k on Thursday high 78.5p and regret I did not buy back at 74p (I am waiting a lower entry point, but did not come). but even if I had hold until now, I would sell it on Monday around 86p. based on Sibanye share price, 86p is the offer price. I don't know how much extra cost you need to sell Sibanye. over 86p is definitely risky as the fundamental factors are not favourite: labour cost always go up, gold etc price is struggling, project even political instability, continuing loss and selling pressure like last years. if you are long on Sibanye , I wish you good luck.
Downbutnotout, don't lose your faith. to be honest, LMI is very volatile. for me, if sp is under 65p, I will buy, over 80p, I will short it.
Sentiment on Sibanye-Stillwater is not good. the share price is now down 10% at R1440. It may go as low as 1300, which is 69p if 1 lmi share convert to 0.967 SS share. Considering other uncertainty, if you want to buy back, I think 65p is safe point, 70p is not worth the risk.
I sold my holding £30k LMI at 78 pence and made only 2k profit. I would hold if it can touch 1 pound. today Sibanye-Stillwater share price is at 15000, which is about 83 pence. it may touch 80 pence, but not too high
Thanks, BarryAllen, no more interest on nyo now.
lordbryon. Pls dont mislead others. 25% kefi holding worth £5m.
Larest sp 0.0188
What is selling price? If large gap, not good, otherwise more confident.
It is a game between ii. Who is buying 70m and who is selling?