Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I was beginning to think my trading strategy had gone tits up, when I sold at 181p and saw the price move over 200p following the merger announcement. Now I see both Tap and RM1 are being pasted together today and my RM1 shares back well into the 170's again.
Its always one step forward and 2 steps back with this share.Still what can I do other than continue to hold onto all my other shares in RM1 and just hope and pray that eventually results will outweigh any market manipulation.
Problem is that results are hard to judge because no one year or period is compatible with the previous. There is always some purchase/merger/consolidation to muddy the waters and nobody can be sure what benefits these have brought to the company. Cash and actual profits always seem to be a bit murky. I do have confidence that finally this merger/takeover should bring really substantial benefits but the share price doesn't lie. As has been said ad infinitum this share was trading around 500p before Yume was announced and its been downhill ever since.
Quick question : Does a company who buy back their own shares need to issue an RNS in advance or can they just buy in the market and then announce they are quashing the shares ??
Yep sure enough the algo's kicked in with a number of tiny volume trades, each one a sell and the price duly falls by over 4%. The sells today greatly outnumbering the buys. I have been an investor for many years but NEVER have I encountered such a share that can be so easily manipulated by the market.
What is the end game I ask to continually take it down with these algorithm sells as the ultimate buys never seem to compensate. Lets say they make a few pennies each time its hardly going to make multi millions is it ??
Hey Ho I stay in it for the long term (whatever that is as it keeps getting longer !!!!)
In the few trading days over Xmas and New Year the trading volumes have been pathetically low so there's no real indication of sentiment going forward. Seems to be stuck in this trading range between the 170's and 180's.
My expectation, after selling at 181p following last results was that these bastard shorters would bring it down again to the 150's/160's (they seem to have absolute control over this share irrespective of results) so I was hoping to trade it over short terms and try to lock in small profits before next statement/results. The surprising price rise just before Xmas to above my last sell price put this on back burner, even though going forward I am very very confident that the price should shoot well beyond 250p.Its just trying to time the purchase.
I wish everyone who is actually invested in this share (as I am substantially) a very Happy New Year and hopefully by next December we'll all be looking at a 500p share.
Yes think I'll just trade this share for the time being at least until end Year results. If this goes to pattern I'll try to buy back in at around the 155p level, lock in a 10 % profit and sell. Its the only way to follow this stock. Its a shame because when it was back in the day of 485p (48.5 p old money) I was looking at getting to my break even point in my ISA holding at around 520p but looks like I'll be having to draw down my pension before we ever see those giddy heights again. Am reluctant to lock in a huge loss (having done so already with Quindell/Watchstone group which is now worth fuck all) so will continue to hold on and just trade a few thousand quids worth in short term.
As I expected we have again begun the usual drift in the share price immediately following results. Once I saw the pullback from the almost 200p share price during that first post results trading day, I immediately put in a stop loss sale of 181p having bought at 167p. Bloody good job I did as yesterday we saw a quite unjustified drop which continues further today.
This stock must be a shorter's wet dream. Although I remain a long term holder I just wonder what depths we will reach now until the next update/buy back announcement. Can they take it back to the 150's again ??
I'll be on watch for yet another buy in as its now pre-baked in that the price will once again rise as we near another trading update.
Given the rinse and repeat nature of this stock every single time pre and post results/update, yes I fully expect this to start today with a gradual decline over the coming month. My only hope, and I fear its possibly forlorn, is that it won't reach an ever lower bottom and get below the 145p.
However this time I hope I've locked in a small trading profit with a stop loss, so I'll try to trade it back when I see the expected bottom. Just missed out last time in the 140's.
I still think this share has a brighter future but as STT1 repeats an nauseam,it is a "show me the money/jam tomorrow share" You've got to think a bit that a company with a 175 mil turnover for 6 months can't even post a small profit. This EBITDA nonsense is largely ignored as there are always write downs and other items taking the EBITDA profit below the break even line.
Looks like I was spot on this morning with the price closing exactly 5p higher.
Sorry that should have read 900 p in new money.
Sorry but I for one have never posted the sort of negative commentary as STTI. My comments only reflect the reality and pain of being a long term and hopefully optimistic holder. I've been in this share since I bought at the around 90p some 4 years back but it has continually disappointed me.
As I said I've popped in a stop loss today just to protect the small gain of my recent purchase. I expect I'll be trading this share again in the next month or so and try to get another small gain.
Sorry it should read "algo's"
I note that the initial euphoria which took the price to within a whisker of 200p, has now evaporated and we are already retracing back to the 180's/190's.
Fully expect the day to end with only a modest rise of about 5p and then the next few days will see the alto's bring it back to the 150's again.
Anyone disagree based on past performance ??
Up 10.6p at open.
Check out R1 website for full results. Still loss making ($2.2 M) , cash down substantially, announced share buy back up to $ 10m. Forward guidance still against "management expectations" and not "market"
Not quite sure how the market will take these but don't really expect a major uplift in share price. Just in case I'm locking in a stop loss around 167 p.
Managed to get 3100 shares at a touch over 166p. Just have to now sit back and hope for a run up to the results, doubtless after which the price will run for a few days then the shorts will again kick in and run it back to the 150's. Who would ever have thought that from a 244p high post trading update in September we would have retraced almost 100p back to the 140's. Somebody with greater powers than us is controlling this stock and the management seem to be useless.
following my earlier post about trying to game this stock by buying at the lows pre announcement when I saw it hit the 140's, I immediately decided to sell all my other unit trusts (which had been hit in recent months) and pile in. Unfortunately the 2 days it took for the sales to go through made me miss my target and it had shot into the 150's before I could try to trade today. Posted a limit order for 157p but just failed to get this as it again shot into the low 160's to buy. My plan was to hold through the almost certain rise pre/post results and then sell out once the fall back from an intra day high was reached.Placed a fill or kill order but again it got away from me. Bastard bad luck. Will have to try again.
Wow what a shock to see yet another 6.5% collapse in price to 170p. What caused this ? Such a huge drop in one day. We'll be back again to the all time lows in a couple of days if this continues. Good luck to anyone who bought in last week. I can only hope and pray that the "results" will deliver some sort of good news re actual profit and cash generation to see the shorters look for another prey.
So down she goes again in the last half hour of trading. Just look at the number of tiny sell volumes between 16.00 hrs and 16.22 and the price drops by more than 8 p to finish yet again in the 170's. Back for more tomorrow ??? If only I had some spare cash to get in at these prices.
Looking a a graph of this stock is like looking at an ordnance survey map of the peaks and valleys of the Himalayas. Having plumbed the depths of a 52 week low of 156 p intra-day in early April we were shortly after in very early May back up to 244 p intra-day high, then back down again to the 170's, then up again to the 220's then down again to what may become the 170's again after today. Just wait for the last half hour trades that will surely see yet another 4 or 5 p fall into the 170's. Day after day its like a death by a thousand cuts. Although I have until now always retained my optimism that this share will one day soar, I am getting slowly a little more concerned that maybe the anticipated figures will not be the actual floor and that the "jam tomorrow" syndrome which I associate with this stock will continue. Only those few lucky directors with their free shares and golden handshakes are actually making any money out of this. Maybe for once STTI may just turn out to be correct ?? Till then I hold on in anticipation. If only I had a few spare quid to buy around these lows !!
You know I was always wondering why the Directors have never piled in and bought masses of shares at this allegedly low price. But when you can get them for free why waste your own money. What a complete rip off.