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The shares are being pushed up this afternoon, hopefully out of the 70p - 73p trading range?.
Looking at the Currys example, just how bad did that share price need to get before bidders came out? And even now they are not exactly making formal offers. Yet how cheap is Currys? Even at the current price of 65p it's a bargain price long term. Yet those with the cash are not coming forward. This sums up the more general problem, now affecting us here, and at SFOR, DARK, CRTA, ASOS etc etc etc. No wonder so many UK shares are so underpriced. People now don't recognise a bargain even when it is staring them in the face. No wonder an increasing number of UK companies are planning to leave the UK indices.
"The FOR SALE sign is up, MM & press talking about USA listing, suitors are bidding and THG is actively looking for potential partnerships."
Perhaps the problem here is that no suitors are bidding. Nor is MM publicly talking about a USA listing in any sort of manner that comes across as being a likely event in the near term.
Simply, we are all being strung along currently, and what is clear to me is that MM finds it easier, by far, to do nothing, than to take a proactive stance and change things. That is why nothing is happening. Given his stake, nothing will happen unless the situation is forced, and for that a proper predator needs to come along. Unfortunately, and for whatever reason, no-one has shown up, despite the laughable share price. I'd guess that if there were more bidders out there, UK share prices would be higher across the board. It's just that no-one wants to make bids at the moment, bar the odd bid here and there such as the current interest in Currys.
ASOS, THG, SFOR, DARK, CRTA, etc etc.
They are all undervalued by a substantial degree, as is much of the London market. This is setting things up for a buyers frenzy as our PLC's get picked up on the cheap by foreign predators and venture capital houses.
I would say the FTSE100 / FTSE 250 are probably around 1/2 - 1/3 of where they should be if they had kept up with other exchanges, especially the DOW. It just shows you how undervalued things are here now. Buyers are frankly spoilt for choice.
Reputationally, I really don't think it is helping either SMS or the SFOR Board that the share price is at record lows. What good is this if they want to do any more deals using the equity? Utterly useless.
Instead, the Company's current market cap is now so low that it has to be at severe risk of a predator. Only SMS's golden share holds that one off, but even that has a price.
I wonder what SMS's price is and if any 'non official' discussions have been taking place?
Oculus, there are also a load of late reported trades going through. These do not register on here the same day they are made. As per the Singer position, I would suggest that the declaring of late positions is poorly managed by the stock market.
Hope everyone is noticing the unusual closing price of 73p, out of sync with trading during the day over the last few days. Someone is quietly again hoovering up the shares, but they are doing it at a relaxed pace, not signalling anything to the market. It is all being done very cleverly, under the radar..........
Absolutely fascinating...........
Https://www.bing.com/ck/a?!&&p=4e62b7d8f87ad7beJmltdHM9MTcwNzc4MjQwMCZpZ3VpZD0xMzFkNWRmYi02YTk0LTY5YzYtMzA1Ni01MjlmNmI2ZjY4NTUmaW5zaWQ9NTUzNQ&ptn=3&ver=2&hsh=3&fclid=131d5dfb-6a94-69c6-3056-529f6b6f6855&psq=sfor+news&u=a1aHR0cHM6Ly93d3cuaW52ZXN0b3JzY2hyb25pY2xlLmNvLnVrL25ld3MvMjAyMy8wOC8wNC9oYXMtczQtY2FwaXRhbC1iZWVuLW92ZXJzb2xkLw&ntb=1
I've been a stock market investor for over 35 years and frankly when a company starts buying back its own shares that alone is a big buy signal. When that is combined with the shares hitting all time lows, it becomes a screaming buy.
I am not saying for a minute that the price cannot drop any lower, but we must be banging along the bottom now and this share is clearly out of sync with the market.
At some stage, institutions will buy in or a predator will make a move. It's also very tied to interest rate moves so once they start coming down, this will surely rocket.
I really feel there is mispricing and then there is SFOR. Something has to give here, and anyone loading up now must be getting a bargain. It's just a shame it isn't 1st April so we can all put our new ISA allowance in at these prices.
Makes you wonder who else is going to be 'late' with their notifications.....
Clearly the free float is getting less liquid by the day. Still, as someone said on here not that long ago, we're currently stuck in a very tight trading range so let's hope we get through the 75p+ level soon.
Given the previous update, there would appear to be a lot going on at Cirata HQ so I wonder when the market will start to cotton onto how cheap this share is? It's currently far too oversold.
Https://www.bing.com/ck/a?!&&p=40fd3cf873cf1ea4JmltdHM9MTcwNzY5NjAwMCZpZ3VpZD0zYjNmNWNjZS01ODg4LTZmZWMtMWQ0Ni00OGVkNTk0MzZlNmUmaW5zaWQ9NTUwMw&ptn=3&ver=2&hsh=3&fclid=3b3f5cce-5888-6fec-1d46-48ed59436e6e&psq=thg+news&u=a1aHR0cHM6Ly93d3cudGhlYnVzaW5lc3NkZXNrLmNvbS9ub3J0aHdlc3QvbmV3cy8yMTI4NTUyLWRpZ2l0YWwtZW50cmVwcmVuZXVyLWluc3RhbGxlZC1hcy1maXJzdC1jaGFpci1vZi10aGdzLWluZ2VudWl0eQ&ntb=1
I just cannot believe anyone is going to go along to the AGM tomorrow and applaud how the company is being run when the stock price is this low. The share price shows what the City / big institutions currently think of the company: not a lot I'd say.......
According to the 9th January RNS:
"Investors should expect the preliminary full year FY2023 results update between mid-March and mid-April 2024. Cirata will provide full year 2024 guidance for both bookings and December 31, 2024 year-end cash balance in the earlier of the Q1 Trading Update or the FY23 preliminary results. An in-depth review and commentary of the Turnaround Plan will be provided in the FY23 results."
I really cannot see how MM is happy with the current laughable share price. The shares are on their knees despite a reasonable trading update. It is becoming ridiculous day after day. Infrequent RNS's from the company are not helping and whilst we all expected some news on perhaps some US listings, nothing at all is being advised. Meanwhile the Chairman says nothing, month after month.
Aside from anything else, it is better to be CEO of a larger company than a smaller company, it surely gives MM more kudos, more latitude with the banks, more respect from city institutions, etc.
Yet there is no programme in place, it seems, to either woo the city, or to woo any investors and the shares are clearly unloved. And there's no dividend either.
MM - you need to up your game - this is not good enough. We have invested real money here - do something about improving the share price.............please!
This is one of many shares - including for example: THG, SFOR, DARK etc that are heavily influenced by the current interest rates cycle. It's clear that dampened expectations of interest rate cuts this week have heavily hit many shares, so it is then clear that as and when interest rates do start to fall, there should be a dramatic rise in the price of these shares.
With each day we surely get nearer such a situation arising......
In addition, at this price level, we are surely in oversold territory so it's both a great time to average down plus there's every chance of big buyers coming in and the price jumping. There's also the growing chance of a formal bid by one of the many predators out there.
It's all a matter of time - patience is required.
This is one of many shares - including for example: SFOR, ASC, DARK etc that are heavily influenced by the current interest rates cycle. It's clear that dampened expectations of interest rate cuts this week have heavily hit many shares, so it is then clear that as and when interest rates do start to fall, there should be a dramatic rise in the price of these shares.
With each day we surely get nearer such a situation arising......
In addition, at this price level, we are surely in oversold territory so it's both a great time to average down plus there's every chance of big buyers coming in and the price jumping. There's also the growing chance of a formal bid by one of the many predators out there.
It's all a matter of time - patience is required.