The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Yes I'm very confident , Matt . A contest ?...you'd lose. As for your ''not without risk ' comment..sounds like the type of drivel to be uttered by a run of the mill equity portfolio manager. What investment is ' not without risk' ?? Perhaps, my comment was over the top but I don't like inane comments . Each to his own.
Totally agree, davey . Feelslike this is the calm before the storm as news approaches. Its well offered at the moment .Have just bought another 1500 at 25.58 , although trade not showing up yet. Being so illiquid , it just takes one seller in the market to keep a lid on the price but that will all change as we move closer to the nasdaq listing and news.
I think there will be quite a lot of churn as the increased volume allows those sellers to offload. I don;t tend to read too much into it. Having traded the markets for the past 15 years , and seen around 6 Uk to US flotations(eg. Sola, KFX, VEL etc) I've seen it all before. In reality , I believe that HCM is the highest quality company to make that particular move . Experience has shown , even in the absence of big news , that the share price appreciation either by the time of IPO or 3 months after is the range of 50% up. That would take us to around 28quid. That would be a minimum target for me but I think the upside will be much greater over the next 9 months.
An associate of mine attended the meeting today (as I could not attend) which was very sparsely attended. He spoke to both Simon To and Mr.Hogg. Both were very unbeat and everything is on course. Strong newsflow ahead. There were no hiccups. Professional courtesy prevents me from divulging anymore but needless to say, I will continue to add.
Unfortunately, I can;t make the meeting but if any one is going , I'd suggest you wait till the meeting finishes and try corner Mr. Hogg to ask a few questions. Directors are more open when you get a quiet word alone with them in my experience. I think the most pertinent would be what he considers the market cap of HCM to be when it lists on Nasdaq at this stage of its cycle and to what US listed companies , he compares to arrives at this valuation. A further question would be the timetable for the Nasdaq float. Are we talking about pre xmas as suggested by Investors Chronical or imo, a float in Jan/Feb . If you are able to get a word with one of the brokers ,Deutsche Bank or Merrill Lynch , that would probably be excellent to guage what demand they are seeing and an idea of price. They could well be in present. If anyone could keep us informed, that would be very helpful.
That's a good purchase price. I'm waiting for some decent seller to pick up stock.. At the moment, you have pay a 10% spread just to get involved which is a joke. Good for holders though!! Good Luck.
Its not listed on AIm. Never the less , its a very hard stcok to buy. The mm's apear very short of stock. Just bought 4500 and had to pay 217. Looks a very interesting company. I shall be buying plenty despite its strong rise since IPO.
dalooks, best you stick to the tea leaves mate. You called this up 10% and its down almost 20%. One of the most embarrassing calls I've seen ....ever.
Well,that was a crap call...aren't you supposed to be a self proclaimed expert on fccn ?????????
dalooks1, You were wrong about the profit warning.Things seem to be progressing quite well for FCCN for the stronger 2nd half.