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I'm guessing the results are already built into this SP, and have been for quite a while, hence the long sustained drop.

This company has been so disappointing in terms of communication ( or lack of), and unfortunately it probably means that this is because there is nothing good to report.

I am not a deramper ( personally I don't think anyone needs to deramp this Share, as it seems to take care of that itself with no positive news.) I am in at 23p, back in early March....then it hit 40+, and I probably should have sold..

Now I'm in line to lose all my investment, but that's the risk with investing I guess.

Just disappointed, what once sounded like an exciting prospect with lots of opportunities....has come to this. But then again I blame myself, as the financials of this company have been awful for the last 5 years.....a company who makes not money, but burns through it......and who don't announce any sales...or any concrete strategies to achieve sales.I should have listened to my gut.....but I thought they would make one of their opportunities work and all of the LTH PI's might have seen some success. Unfortunately, being a realist now, it doesn't seem to be the case.

Have to let it ride now as I'm so deep in the red, its all or nothing.

Serious drop in SP from last week..wonder is there a news update coming

Hi Lionel, it does seem like it's announcing further funding for these institutions and it's partners.

However rather frustrating, that when you click on the tab for genedrive to read a little bit more about the company, there is no information appearing.

It kind of baffles me how there are huge buys after hours ( delayed trades) most evenings, sometimes totalling around £1m over 3-4 buys, then the following morning the SP opens up 3-4p higher........followed by almost an instant drop.

It's happened a few days this week, aside from the day we were up around 8%. And it seems to happen quite often on this share.

Like today we had a high of 86p on google finance this morning, after closing last night at 82.95p. The buys were huge last night. Then drop back down to 79p. lol

How can people be buying shares at 84/85/ even 89p this week, in huge volume trades, and the SP drops.

+ 232%

You’d imagine if there gona make an offer of share payments they might consider it over the next 12 months

Draft kings sp now around $36

Up 60% in the last 6 months

Some people are picking up large volumes of these shares today, and I wouldn't be surprised to see a delayed trade coming through after 4.30pm, similar to yesterday.

yesterday there was a buy for £250k which appeared after hours.

Hopefully we can get back to the right side of the 90s again over the next few weeks.

The last time this share dropped to 79p, it rose back to 132p very quickly...........the decline was then pretty swift.....but hopefully we can climb again slowly to where we should be.

Yea....are you able to estimate that?

Metrics Man - roughly what would that look like as an SP price? Do you have any idea?

It does sound like some people thought the takeover had a good chance of happening when FS gaming were involved, and that's why it reached 132p.

I think the Directors all believe that eventually this business may be the recipient of a takeover bid, and that's why they had their money invested at anywhere between 80p to 95p a share.

They will be hoping that any takeover would at be a considerably higher SP than that.

I did read your posts....and yes you did say they would struggle with growth, and you may be right for a period of time.

But significant Directors buy ins, and an attempted takeover bid recently, along with Analysts forecasting SPs in the mid 100s, would suggest a lot of people smarter than you and I still think this company has potential to grow. You also came out with the dramatization yesterday of " the company is done"

And you said in your first post 119p is the correct price for this share.

IF that is the case, then there is great potential for growth in the SP from 82p to 119p ( I'd take that investment any day of the week)

So which one are you right on? the company is done? or the share price was correct at 119p?

I'll take your posts with a pinch of salt, as there seems to be quite a few throw away comments in there. Whether it is an attempt at de-ramping , or you jus like dramatic posts, who knows.

Good luck with your investments. I really do hope you are successful. And I do hope you are right that the SP was correct at 119p as I will have made around 60% profit if we get back there.

Trouts - its unbelievable some of the things people spout on here.

They expect their over reaction posts to immediately pull back the SP as they have probably took a short position.

It's a very strange way of de-ramping, as I don't think it will have an impact on the directors who are purchasing millions of £s worth of shares in the company.

Yes this share has been frustrating since it hit a high of 132p recently, however there seems to be reasons behind this.

If you look back at Testaccounts first post about 88 he said the SP was correct at around 119p. lol now hes saying their closing the doors.

One the main reasons for resistance in bookmakers SP prices at the minute is probably the plans from the Govt to introduce blanket affordability checks across the board.

There is a significant objection to this in the form or a petition.

Once the outcome of this is determined it will tell a tale, but I'd imagine this has been built into the dip recently, along with the shortcomings on quarterly results.

Can anyone please explain to me why every time we receive positive news around this share, the SP drops?

I remember the crash of the SP as a result of the fire, and the SP bounced back pretty quickly.

But over the last month or so it just seems to consistently move backwards despite some really positive news.

Baffles me.

I actually thought this share was a steal at 2.20, and then when the fire hit, I bought in again at around 1.45.....now we're sitting at 1.27. Very strange share to be involved in

Normally positive news = gradual rise.........not here for some reason.

It was at 2.80 when i post, because I went to sell.

it's now 3.00 yes. It makes no difference for me as I got in late to the party so I'm in the red anyway and the share price has dropped near 20% today

The pumpers and dumpers really worked their magic on this share, and have now sold up and will be on to the next one.

This share will hit 2.50p today

The new CEO has actually bought near £2m worth of shares

he bought 940,996 shares at SP of 109p on 1st August, and then he bought 1,125,539 shares at Sp of 84p today.

£2m of your own money in a company who you must know inside out by now, is a serious investment........i like to think both Per and Peter know more about this business than me, so I'm going to hold long term and hope this achieves the SP ratings which all the investment banks are predicting.

This is the second time he's bought in around this SP in the last 6 months.

He obviously sees a potential upside.

I've an average of 74p and things were looking so good at 132p.

I just hope we can see a turnaround in fortune again at some point.

The last 4 - 12 weeks have been so strange for this share.

First of all the FS gaming debacle, which was looking so positive and priming the business for a takeover.

The huge SP decline from 122p to 79p, when 888 made the decision ( with their hands tied) to protect the business, and move forward without FS gaming input.

Then the new CEO, purchases near £1million of shares ( If i recall correctly), after previous significant purchases from other members of the board, and the share price rebounds from 79p to 132p in a matter of weeks.

Now we have had a financial update, and the share has crashed back through the floor.

So frustrating especially when analysts everywhere have quite a positive outlook for this share

Also seen a recent further investment from an Investment fund when the share hit 90p odd which give it a lift to 94p.

What news is coming in the back ground thats impacting this significant drift this week.