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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.
The trading update last week has really taken the wind out of the sails of this Share.
Hard to believe a few weeks ago, we were racing to SP of 132, and now we're back in the low 90s.
Could do with a bit of good news before the end of the year.
Would really love to know what's influencing this? with no RNS, no negative press....it's not making much sense, and such a swift rise to 130p a couple of weeks ago.
Is the results of the review due soon? OR has this already been announced? I haven't seen any further update on that.
Anyone any understand whether the new CFO appointment has anything to do with the retraction in Share price over the last week?
It seems strange.
Would the previous CFO have been selling up all of his shares? If I recall correctly he did have a decent holding.
OR is there other news out there impacting SP.
Thanks @Cebo ....i have been noticing your posting history, and how accurate it has turned out to be,
Hopefully for us all your predictions continue to be right .
Do you believe it could ever go back to the highs of 2021 where it hit 458p?
@Cebo - yea 210 would be a 3 bagger for me and I'd be extremely happy with that if it was early 2024.
@Cebo - hopefully........surprised by the selloffs late in the day after breaking 133p
Cheers Bromtree.....I didn't have an hour to hand today hence why I was looking a brief synopsis.
Will get reading tonight.
New to this board....does anyone know the reason for the significant losses on the balance sheet over the last 3 years?
- 2020 - minus £10m
- 2021 - minus £18m ( despite £13m revenue)
- 2022 - minus £70m ( despite increase of revenue to £27m - almost double previous year)
Would be good to understand the story behind these financials, and any foresight on why things might change moving forward? i.e will there be a significant reduction in expenditure, and a continued growth of revenue?
Hoping for genuine answers.
Ignore.....it's fixed itself now....was excited there.
Anyone else showing SP at 132.80?
Why would that be?
I'm now becoming used to daily crashes on this share without any significant news which is really frustrating.
I have an average SP price of 1.86 having bought in when it was a low as 1.35 and as high as 2.33
Now down 40% on a share which seemed to have so much going for it.
Opened at 114 after them big trades last night
There were some huge volume trades yesterday as well.......one around £500k value bought.
I've been quite surprised also by the dip but seemed to recover pretty quickly when it touched 100.
If review only takes a few weeks and the outcome is positive does this see another significant bounce?
You would have to think so.
Any ideas on timelines of the conclusion of the review?
Did anyone notice HL finished the day on 103 selling price vs 94.5 buying price.
What does it normally mean when this is the case?
Don't know where your buying but it was never 1.97....highest was 1.90 and came back down very quickly to 1.80
Would love to see this bounce back over 100p by Friday.
Is there any realistic chance of this share reaching 30p again? and if yes, what needs to happen to see this being achieved?
Is it completely reliant on sales data? - why aren't the company sharing any information on this or devote funding if it's positive news?
I'm a long term holder, but have seen investment halved since March ( at one point on the 17th March I had near double my investment so it's been a considerable Swing), and now I'm wondering if there will ever be a silver lining to this or is the writing on the wall.
What concerns me is lack of activity from the company, and the fact its the same people repeating the same half truths / sometimes lies on this board all the time and there doesn't seem to be many genuine people who are sharing genuine information (it's always one extreme with the rampers, and another extreme with the derampers)