Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Expect this back in the 40p+ region by cop today and then a quick move into the 60p area ..locking out these prices in a matter of two trading sessions but in the meantime transferring a load of shares from weak hands into those in the know
It’s gone from around 18p to 81p tagged yesterday in around 10 trading sessions ..nothing goes up in a straight line and that is some rise, with a low float is even more volatile so not surprising we have a slight dip today ..as soon as commercial deals land this will move up to the next level ..amazing strength generally at the moment here
The fall doesn’t surprise me at all really ..they had £4.5 million cash at end Sept if I recall correctly ..if they have to ringfence £2.5 million for prudence incase they need to pay the loan then it’s clear they are getting very tight on money ..mkt isn’t stupid it knows what’s coming ..I really thought this was heading back up over last few days but until cash position comes clear it’s even more risky now than it was ..
With only a £21m mkt cap ..cash in the bank ..low number of shares and covid very much back at the forefront ...can’t say I’m not very intrigued to see how high this goes ..and very quickly I expect ..gla ..big big few weeks coming here ...
net / macro environment has changed ...look at HOC ..it’s environment changed mines could have been hit (they won’t be by looks of it) but it lost 50% + of its value ...sentiment has massive part to play in stocks and sentiment towards covid plays is turning back to them
What’s new is there looks like a more transmissible and potentially vaccine evading variant ...and as a company with a test and soon to have POC test all eyes are back on covid plays ...lockdowns are beginning and being strengthens across Europe ..travel curbs being put in place ...covid has just exploded back to the front of everything ...and we’re only just going into winter really so it’s prob going to get worse before it gets better ...