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I've bought in, and I am pretty sure many must be eyeing up this share fairly actively at these levels. It's bargain basement. I think the chances of a bid from WPP or Publicis for example, grow by the day at these destressed share price levels.
It's about time SMS gave up his golden share - this alone must be putting off a lot of potential big investors.
I really think this share is about to explode upwards, there's no way I want to be out of this potential multi-bagger. Its chosen area of specialisation is so niche that it can only be a matter of time til it gets gobbled up.
It reminds me of Blue Prism for example. I'd say CRTA's days as an independent company are very limited whilst the share price is below £2
IMHO it really is a fuss about nothing. The sector was down, it's just the way the market was today. Look at other shares, many are down substantially as well, we are just down more reflecting that this is a more volatile share in an ordinary day - i.e. it has a higher delta.
Thoroughly expect some level of recovery tomorrow / day after and this will be then be seen in hindsight as a great buying opportunity. Clearly a number of funds sold out of the sector today, hence the volume and price drops. They'll be back or their replacements will be..........shortly.
You all need to keep calm out there. As I have long said on here, don't invest with borrowed funds, then you won't worry about such short term fluctuations.
Cirata plc (LSE: CRTA) , will announce its trading update for Q4 FY23 and H2 FY23 on Tuesday 9 January 2024. An accompanying video presentation of the trading update will be available following the release on the Company's website .
Trading update due around second week of January, should be very bullish indeed given the increasing stabilisation of the company and the fact that old clients have stuck with Cirata and are now increasing their spend again.
Fascinating looking at the trading this morning following yesterday's spike. I really suspect US buyers are starting to buy in, and that we will see further buying this afternoon. Should be very interesting in a couple of hours time.
I suspect UK investors are selling, US ones are now buying. Let's see later on today, but it is an interesting situation especially as the shares do appear to be right at the bottom of their trading range, and maybe about to recover a bit?
The question is: how big is the FOMO?
An interesting comment, NigeCo which amply demonstrates the conundrum for investors in SFOR. Why are the Directors not buying shares at this lowly price? Perhaps they feel it would smack of opportunism, but this seems very odd to me. I agree, it would obviously send a very positive signal to investors. Perhaps they are in a closed period due to material deals being discussed?
Whatever the reason, at some stage the newsflow will turn positive here, and whilst I have no idea for sure if now is the bottom, what I do know is that the share graph indicates the rate of falls has stopped, and flattened out. In turn, this infers we are at the bottom. Sooner or later the share will turn, probably when Directors do buy in, all we are doing now, is buying in ahead of this.
As ever, DYOR and be prepared to be patient........