Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Profits have been taken, brief consolidation and it can start to move up.
Very interesting Company indeed, in many sectors with a formidable design team, and their own manufacturing department too, highly unusual.
Very low free-float so once our short sighted sellers have vacated, it could move up quickly.
If the US stock was trading ( a glitch over there it seems) then this could go ballistic.
The Sound Man
Always frustrating first thing but you’ll get your opportunity to add properly at some point, mid afternoon is often quieter.
I feel anyone building a decent position sub 3p will do extremely well, as has been pointed out here before, the big boys have much higher averages.
LOTM - well done reaching your first target.
Yes, I saw your posts elsewhere, very honest & thorough - you’re an interesting investor with thorough knowledge.
Keep up the good work.
Morning LOTM
Indeed, I added another 500K last week in 2 tranches, the second 250K on Friday around 10.30.
I’m not quite up with 2 Phevs yet……
I agree, things are going to get interesting here pretty soon.
Morning All
Yes, I agree, 2Phevs was instrumental in enabling me to build a very large holding here, his deep knowledge of Mirriad & his quick honest responses to my questions in a period where I just needed quick answers. ( I was travelling for a week with very limited internet access).
I had previously held Mirriad Stock some years ago ( around 50p!) but was not at all up to date on what the Company had, or hadn’t been doing, and when I saw the share price at 1.5p I assumed it hadn’t been doing much.
So, a good reminder that there are good people on these BB’s, generous with their knowledge ( which can, and should of course be checked via ones own Deep research).
So, this is my personal thanks to 2 Phevs for his gracious sharing of his knowledge.
I’m aware any investment is my own decision & associated risks.
LOTM-13 has become a recent addition to the shareholder base & valued member of the BB too, well done for your solid well researched posts - keep them coming.
Finally, I’m interested to see if the sudden scramble for stock ( about £40K’s worth) in the last hour of trading on Friday materialises into an announcement, I’m a cynic and I sense someone had a heads up?
I noted on the previous Friday a huge volume in buying around 33p in FTC posted in after market trades, & on Monday the stock gapped up to 50p on the announcement of SpaceX taking a position in the Company plus a huge contract order.
Can I add even more Mirriad before breakout?
I think we’ll all be trying to do that.
Yes, which was why the post was removed.
Either way, the fact remains that we are at an SP that resembled the position following £20M of contracts signed since 19th December 2023 through to March 2024.
Currently the SpaceX agreement has added a few pence to the Share Price, sellers are impatient and taking their profits now.
That’s up to them, but give this a few months, and more & tje rewards could be substantial imo.
Mmmm, better volume today, and a recent £6.5K buy at 1.88p just through.
I would have thought we’d have an update on Microsoft pretty soon after SB tweeted a few weeks ago regarding their meeting.
Maybe news next week?
Regarding ‘numbers’ - it has occurred to me that the Company is refraining from informing the market whilst it positions itself, in many cases it’s not a good idea to advertise revenues publicly when one hasn’t completed the ‘land grab’ fully.
I’m constantly reminded that Rathbones continue to build their position, which instills confidence during the quiet periods.
Have a good weekend all.
“not post, link to or otherwise publish any content with recommendations to buy or not buy a particular share or other investment or which contain confidential information of another party or which otherwise have the purpose of affecting the price or value of any share or other investment.”
The information that he posted ‘may’ have been confidential.
We’ll have to wait & see.
Nothing to stop further announcements of contracts with other parties.
Let this settle down a bit, the sell on news brigade will probably be finished soon.
Having 5 years of sales pipeline just with one customer is pretty impressive, it’s the sort of foundation any business would dream of.
Now let’s see what else Filtronic will announce.
Agreed that there were extenuating circumstances.
However, when you consider that APTA IPO’d with a share price of 120p and the arena that they specialise in, The Size of the Companies that they are working with, its feasible that some stupendous returns could be made……