The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Was going to sit on my hands with this one, but after checking out HE1 I've decided to sell up here and move the funds over there. Didn't really want to but that's how the cookie crumbles sometimes, best of luck to all invested.
What's happening over at HE1 suits more the LT holders rather than the ones chasing trying to make a fast buck. Those who bought in under 20 are winning right now. Those jumping on board now will likely get spiked, not enough time to check over the company, and when you do, multiple red flags start waving, and you jump back out at an even bigger loss. Over here you know what your getting and the potential is there. Better the devil you know. Then there's also the possibility that you could stay over here and it drops a lot more and your at an even bigger a loss. You have to weigh up the two evils and stick with one. I'll be staying put for now, as tempting as HE1 seems.
Ethernity Networks has a total shareholder equity of $5.2M and total debt of $403.5K, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are $11.6M and $6.5M respectively. Not exactly a multi million dollar company but well worth the £5M mcap. With the fundamentals the company has in place, imo there worth £10M at this level, which will bring the SP to 3 or 4 pence. With the added news that the company will be exiting the TS, this will only add more value to the company.
I just looked on the London Stock Exchange London website and it shows that on the 18/01/2023 at 12:00pm the SP dropped to 2p for twenty minutes. I hope that's a slight technical glitch and not anything more serious.
It doesn't say whether it's a buy or sell, it's showing as unknown. However, I strongly suspect it's a buy a there is some serious buying going on today. I've just checked in the L2 account and all I can see is large buys and not a lot of sells. Long may it continue.
Looks like everyone is selling off with the very strong possibility of a Placing coming up. But I've just done the Maths and from my calculations the company still has 4 drawdowns outstanding, thats 1.2M. If this is the case then there should be no reason for a Placing until at least March/April.
Onlyprofit - That's actually a sell. We only had 1 buy on Friday and 17 sells. In fact all week has been a sell off. I invested in a L2 account this month, you get much more in depth information especially with the level of trading. I'd highly reccommend.
I wouldn't call it tanking, it's just hit a ceiling at 30. Whether it breaks through 30 or not depends on how Bitcoin is doing. If it stays above 42K then we should break 30, if not then this drops.