Member Info for Paul2566

I suspect we may see a new 52 week low soon.

MGC Pharma confirms receipt of the full US$750k cash deposit due under the terms of the 3-year US$24M US Supply and Distribution Agreement with AMC

Its a start at least.

I'm not sure I would move money into VOD at the moment, it seems out of favor and on a downward trend.
NG. is a safer option I feel.
I hold both stocks mentioned and of course GSK.
I'm on the fence with the split, and don't yet know how this will play out, but for now at least I'm going to hold and see what develops.

It concerns cannabis for 'recreational purposes', dosen't have much to do with MXC, different market, different product.

The filter on these bbs is a real asset.

I think you missed my point. SP moves for a reason, the reason for the move in MXC is apparent, not being familar with the stock you mention I am unable to comment, but there would have been a reason of that I'm sure, even if it a short term FOMO.

Oh and just in case there is any confusion, price and value are not the same thing.
Sometimes a company with good value can be had for a cheap price, but MXC isn't that I'm afraid.
Not yet anyway, but of course that could change. However I think this is going to take years, not months.
I'm not saying MXC may not come good, I just pointing out that all this talk of price manipulation by several posters here is nonesense.
As MXC is loss making, as the months roll on, its accounts fall in value, that changes the value of the stock, its simply worth less, just like on payday we are worth more than the end of the month when we have paid all the bills. If its worth less its only natural the SP should reflect this. Of course other factors may allow a stock to trade at a premium, but MXC dosen't warrant trading at a premium as no other relevant factors are present. At the moment anyway, although of course that can change as I don't know what the future holds.
If you have done your research, (most haven't, I'm afraid social media and bb's don't count) by all means buy and hold, but lets keep grounded somewhere near reality.
MXC is a stock with potential, that as yet has not been met.
It is a stock that as far as I can tell is laying some solid foundation work that may allow it see its potential, or despite its efforts maybe not. If I knew for sure either way I'd be a far richer investor.

Metalbasher
Its not being manipulated, how many shares do you think would need to be sold to change the SP, it would be easy to see these even if broken up into smaller lots.
The fact is unfortunately, there are no institutional investors who are overly interested in this, a couple hold some but haven't added for a long time.
MXC is a stock that offers lots of promis but is loss making and has yet to deliver on its potential.
Looking at cannabis stocks in general, they have failed to capture the imagination of the market or institutions despite the initial hype.
There may be a few with an eye on this but those professional investors will no longer buy this on potential, they will wait to see contracts made and funds entering the balance sheet in a meaningful manner.
MXC has a limited cash runway of far less than 12 months, which mean if nothing changes and no further shares are issued to creat funds it will not survive. If further shares are issued as previously done existing investors will see their holding devalued. This situation isnt new with MXC its been ongoing since it was founded.
That is why we see the share price fall.
Its simple economics, buyers and sellers set the price, a stock is worth exactly what someone will pay for it.

Metalbasher
Who do you believe is responsible for manipulation the SP of MXC?
How are they achieving this?
To what end is the price of this stock being manipulated?

Thanks for the reply.

The media haven't helped with a few news sources hinting that Germany may follow suit.
I have had a little look at some statistics. I personally am not convinced with the accuracy of these reports as while Germanys rate of infection is on the rise, its much slower and more controlled than Austria.
Looks as if the usual media feeding frenzy is getting started, just look at what it did with fuel just recently, caused a problem where really no problem existed.

MVarawa
I would agree that LLOY has not always been well managed and could still do better.
However I can't condem them today for something well outside their control that has had a negative impact on many other FTSE stocks today.
Austria has a rapidly accelerating Covid-19 infection rate, for what I see as obvious reasons, and reported they will be going back into full lockdown from Monday and will be the first country in Europe to make it a legal requirement to get vaccinated from 1 February 2022.
The media haven't helped with a few news sources hinting that Germany may follow suit. I personally am not convinced with the accuracy of these reports as while Germanys rate of infection is on the rise, its much slower and more controlled than Austria.
I think there is little doubt this has the market worried.

Austria certainly does stand out when you look at the rise in cases, most of Europe is fairing much better which shows the value of the vaccine programme.
Sky News is also hinting that Germany may follow suit, but their cases while rising do look a lot more controlled when compared to Austria.
The UK in contrast, while cases are still quite high do not show the same high rate of growth.

Of course the Austrian population is reported to be poor at taking up the antivirus treatments, but it looks as if its going to be mandatory for them next year. Austria will be the first country in Europe to make COVID-19 vaccines mandatory by law.
Is not a good sign with Austria returning to full lockdown from Monday and reports that Germany may follow suit.
The NG. SP has fared better than many and I'm glad it forms part of my portfolio.

I think the Austrian news today has spooked the market a little, LLOY is not alone in its SP reduction.
I would agree there seems to be a wall about 50p, below this and buyers see value, above there is some profit taking.
I think the risk of the 4th wave of covid causing problems over the winter, if it becomes a reality could well send the SP lower over the winter months, but should rise again in the spring.

The SP seems to be meeting downward resistance around £38, it appears as soon as it drops to this or just below a few buyers come out of the woodwork and push it back above £38.
Have we finally found the bottom I wonder.

Stocks are not liking the Austrian news today, early signs suggest the '4th wave' of covid is being welcomed by winter.
NG. might be a good place to hide.

fatprofits
Amen to that

ULVR seems somewhat unloved at the moment.

SD235
Are you sure, I think that is probably the other way around.
I don't think I have ever seen a buy price lower than a sell price, and think it unlikly it would ever happen.