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It will be interesting to see how true this is: "As the Group has made further positive progress since the Q3 trading update in October, the Group expects that the full financial year 2020 results will be materially ahead of the upper end of consensus profit before tax".

I've searched and can't find anything either. Maybe the acquisition was weighing on the price and now that's finalised it's regained the upward channel that it had been in until recently. If that's the case we might see it run up to 4.40ish, going by the 1-day chart: https://invst.ly/u5yp0

If you could all stop offloading your cheap 15p shares onto the market and let the price go up a bit it would be much appreciated, thanks.

They couldn't be prosecuted for not selling shares, that's insider not dealing!

It wouldn't raise the share price, the question was why would they sell shares last week if something significant was in the pipeline?

It could be to do with their acquisition of their current wood pellet supplier... announced last friday, it's expected to significantly reduce operating costs.

Apparently there's some concern over the sustainability of the divi in light of the capital requirements of the growing annuities business. This, along with profit taking after the recent share price rise, explains today's fall.

Good call. Looks like it will test the recent low around 4.48 and if that fails then 4.20 on the cards.

Yeah looks to me like we're still 15% ish below that trendline, so closer to £6 before we test it. There's a clear double-top in July as well, preceding the sell off in Nov. I agree with your caution: https://invst.ly/a2bx3

Indeed, it looks that way.

I might be, but would also buy if it stabilises sooner, no sign of that yet. Here's where I think it's heading: https://invst.ly/8xvdb

Let me say it again: It's because that's where I see the lower limit of the long term trend (10 yr) channel, with the upper limit at £1.30. Take a look at the weekly chart over a 10 year period.

Of course it's speculation, just the same as everyone else, I don't have a crystal ball.

The price is up today but that looks like just another retrace, to be followed by a continuation of the downtrend.

All technical indicators are showing sell/strong sell for any time frame greater than an hour. So it's my view that it will fall further and when/if it gets to £1.30 I'll be watching closely for indications that we've reached the bottom, with a view to buying.

None of that has got anything to do with the intrinsic value or potential of the company. I share the view of many that the market is overdoing it by writing the sector down so heavily. But that doesn't change the fact that it is happening and will continue to happen, probably until the shares are significantly under-valued.

TomE - Funny how you believe that there is a proportional relationship between number of posts on this board and investor knowledge. I think inverse proportionality might be closer to the mark.

I haven't said we will go to £1, I said it's possible. Clearly the sector is out of favour and prices are continuing to fall. Where prices will settle is anyone's guess, but my guess is that they will find a base somewhere in the long term (10 yr) price channel, which would put them somewhere between £1 and £1.30. Hence my comment: "wait until they get to £1.30 then take a look".

First rule of investing, surely, how could you not know?

I'd wait for £1.30 and see how it looks at that point, suspect it could go down to £1.

https://www.globalwitness.org/thedeceivers/

Why the vitriol, I didn't make you buy at the peak? And it isn't really my wish either, it's just where it looks like it might go based on the chart. If it doesn't I'll be happy for you, if it does I'll be happy for me.

If it's any consolation I've been left sitting on plenty of spikes myself over the years, most recently national grid, bought right at the top, it happens. I made the decision to take the hit and sell them at significant loss last week, on the basis that the diminished capital has a better chance of doing more elsewhere over the next 3 years.

I invest long term and I think these are good value with a great divi but I'm not trying to catch a falling knife, I'll wait and watch until the sell off looks done.

Don't hate me for not being on this particular spike with you.

I was looking at the charts last night - I'm waiting to enter - and I reckon £1.30's could be on the cards, based on an average of the long term trend. Link here: https://invst.ly/8ixdb

Ha, sounds like a cross between Walter Mitty and Fagin. I mean, stealing from the boy scouts and fantasising about some secretive mongolian agency, ffs, how low can you stoop. Clearly not to be trusted and we can all kiss goodbye to our cash, which is now lining his pockets.

It's not for me, have lost enough money on it already and my trust in the company is greatly diminished. I can't see it multi-bagging anytime in the near future, maybe 3-5 years if all goes well and the board don't spend all the cash on living the high life or syphon it off into other companies they have interests in. I'll watch with interest but won't be buying at this price.