Member Info for Matthew125

They are not selling it now, it will be part of a spin-out.

I agree but holding a fair chunk already and only have enough cash for 1 more additional buy. Will have to wait until its turns.

Yep it is totally over now, with a slight of hand, over 90% has been hit and everyone will now get 67.5p for their shares. Thanks for the input of everyone, even Bob! I will still be checking here from time to time and I hope in the fullness of time, some light is shone on what really went on behind the scenes here. Sure that I will see some of you good folk on other boards.

Same. The mistake I made though was not repursing outside of the ISA to keep the cash in the ISA. Not a huge issue as I don't use the full 20k allowance every year.

Nice to see that so many others also thought that the 42p offer was subpar! Bit sick see the shares valued at 0, for now.

That is unlucky. I only bought in Monday, after finding and researching Sunday! I could a fliped for a 10% gain! Ha, lucky I only threw 5k at this. You win some and you lose some. Maybe there is a plan B here, we will have to wait and see what they think they got wrong.

..but trading at last reported cash levels, so if all of their other assets is worth 0 it is still close to break even at this level. Worth a punt for me, will have a review in a few days time.

What do we think? I have been brave (or stupid!) and topped up yesterday. My view is that this situation has been going on for ages and most of the risk (apart from total worst case i.e WW3) is priced in. A total invasion would result in a plummeting price and probably in more than just FXPO! But I don't see this worst case happening, mostly Russia appears to be posturing to try and get concessing from the west.

This is one of the cheapest stock on the market. Low debt, great cashflow, add to that a raising iron price and it looks like a no brainer.... of course, there is the little thing of geo-political tension and that is why the price is where it is.

@ Jim I watched that interview and didn't think he was ramping at all. Sure he mentioned a few things that have been delayed but are still in the pipeline but it wasn't anything like the time he said something like 50% gain every year, or 6 months! I forget! but it should have been a signal for me to sell some! ;D

So impatient. Spin-offs will come and CF has toned any rampy sounding interviews. The price got ahead of itself but company is profitable and should have good growth over the next couple of years. But the spin-out are probably where we will gain most.

I topped up today. FXPO is my biggest investment by far now. Still have some cash on the side so if Russia do invade or annex, I will buy more!

It would need to get through the support at £2.40 first.

@ max Good points about the 2.5m. I also lean towards, it won't be paid back. ODX were ready all that time to producce whatever test the gov wanted and should have met any legal obligations. My one reservation here is that the gov make the rules and could pretty much do whatever they want! I'm thinking windfall tax on oil etc. As this would cause significant financial hardship here and ODX have already missed out on any potential revenue and had costs for hiring extra staff/premises etc, eat away at their cash balance, I just don't see it happening. It's pennies for the gov.

Clearly without that gov. contract, (which was huge!) the stock isn't going to see 150+. But the sell off has pushed the price down to levels below which I would value the core business at, and yes there was a profitable business here before the pump and dump over the past 18 months!

I suspect we will continue to see weakness here until all of the weak hands are flushed out and until we see a plan from ODX on how they will get profitable again. A raise is possible but probably depends on how hard the gov. push to get their disposit back. Seeing as how they have basically ruined the elevated prospects of this company, it might get quietly dropped. Without that, they have a enough cash on hand to turn things around, if they act.

All very interesting.... I had a top up.

Looking at doing one myself! ;)

@orc You should be using this time to top up. CF gets a bit overexcited and over-promised on the spin out a but, but there is nothing wrong with the company or the cashflow. No debt and CF is heavily invested here himself. Price got a bit ahead but more spinouts coming and with rev. of at least £40m for 2021, I have no problem holding for the LT here. Investment has been done, should turn into a cash machine over the next couple of years.

@ash I had a similar thought, after filling a sending the tax forms. And also partly because the next time I claim, I want the full 35% back, because I'll be buying back in a SIPP! ;D

Errr? Over? Explain?

Didn't bother selling any. Let's see how they treat shareholders once they are delisted.