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I really cannot see how with the free float continually shrinking that the share price does not start to respond one day by rising sharply. It is as if the market is in denial that the shares are being slowly sucked up.
You do notice on the other hand that the spread seems to now be often eye wateringly wide - I suspect there is dissent amongst marketmakers on this, as they clearly worry about pricing the shares down if some sellers emerge against the risk of someone swooping and buying in. It does not currently take much stock sold to make the sell price drift lower, the converse should obviously be true on the other side of things.....
It is also noticeable how often now the spread comes sharply down in the afternoon as US interest comes in. I suppose that is a portent of the future - eventually this will go to a US bidder?
What is going on? It's 5.15pm and there's still no uncrossing trade. In fact further trades seem to still be coming through?
Has the LSE / AIM broken down again?
Got to admit, I am becoming a big supporter of the BizTech Academy. The man talks a lot of sense.
At what price does everyone else agree with me?
The shares have now fallen from 80p+ to 50p yet the Company has confirmed trading has now stabilised? It looks to me like the price is being marked down to much.......
Desertsands, fair comments. I noticed that as well, but I do think that this company operates in such a dynamic sector that the market will begin marking in a substantial re-rating much sooner than the proverbial six months that they do for other lower risk shares. Key to all this is obviously the winning / keeping of further contracts, and as their technology is so far ahead of the field, this should hopefully be more and more in the bag as the oncoming year progresses. The point is that this update was not a bad one, certainly I don't think it merits today's drop, and if anything, it confirmed that business was very much stabilising; which after events earlier in the year, is a decent achievement.
Currently the market is pricing in the company to fail on its objectives, but it seems to me that cashflow is better than some had realised. AS more contracts are won, cashflow should improve further. In that case, I cannot see how the price will stay at these low levels.
Lastly, no major investor is selling, and we have all discussed how illiquid the shares are. It will not take many new bigger investors to make the price rally again. It is clearly a waiting game now, but it looks to me like the company has an excellent management team in place who in all likelihood, can pull off what is needed. The share price will catch up with this in due course. I am now going to average down to take advantage of these low levels accordingly.
Good reassuring update. All going to plan and as expected, so the shares should rally today.
In fact I think bigger investors may now buy in again, so will be watching the volumes traded with interest.
Oculus, am pretty sure that Friday’s fall was due to fears of a wider market fall as a result of the Israeli war situation. More risky shares were much more volatile on Friday afternoon. There are now a range of superb bargains out there.
Fingers crossed for good news!
A further RNS of further contract wins would help, beforehand........
Lately we have had several decent trading announcements advising shareholders of wins for CRTA, and each time the share price has risen and then fallen back within the same day. Even an announcement of Richard Griffiths increasing his stake had no effect. I am not sure how long this can carry on for, as at some stage, the business wins must logically indicate that things have stabilised and that turnover is going back up again. However, we are stuck right at the bottom really of the trading range for the company - indicating that the market continues to give no credibility to the wins despite recent RNS's. This is extremely frustrating - we are starting to see wins involving a range of decent customers, but nothing seems to make a difference. It is like watching a dam about to burst. We just don't know when it will.
I am stocking up now as this is becoming a total bargain and delinked from reality. I suspect when it does move upwards, it will be very sudden, especially given so few shares are available in the free market.
Richard Griffiths now holding 7.71% - quite a big increase.
When is the penny going to drop with the market that this is an absolute bargain?
Something badly wrong here
Now being discussed on LBC
Time to run
Surely the real problem with Kelso's recent sale at 105p is that this sets a precedent and an upper trading range level at which others will think it right to sell. Therefore, in the short term I wonder if the shares will manage to break through this level? Certainly, I cannot see this as likely this year now that Kelso have done this....
Our only hope then is a capital event or a bid. But how likely are these when MM seems to be doing his best to keep the price as low as possible?
We might feel like patients, but we all need patience at the moment..............
How far off can an announcement now be that WAND has won some new contract? There must be some stuff to be announced very soon - I expect another institution to load up shortly accordingly.........
Can someone please wake me up when the share price starts rallying again?
This is beginning to get repetitively boring each day
That was the whole point of the recent rights issue - from my own calculations, the monies raised provide the company with enough liquidity until at least end of 2024 so making out they need a further cash raise now, just a short time after the rights issue shows a basic misunderstanding of figures and balance sheets. In fact as they move into a free cash flow position, the chances of a further rights issue recede markedly, and it is easily possible if business normalises as expected, and some decent wins come in, that no further rights will ever be needed. A lot of staff were culled, this company's cost base is now materially lower than before.
I can only infer that those who repeatedly mention that they think a rights issue is likely then in the near term have ulterior motives for their comments. Perhaps they are former sacked staff, or shareholders who lost big time when the price collapsed from £14? Who knows, but we really do not need everyone with a grudge on here.