RE: SP detached from reality10 Jan 2018 13:24
Afternoon Squareballs , while i a agree with you , in principle , and hence why iv brought in again , i can see why the price is stalling , firstly a bit of a sell off due to xmas, people need some cash , secondly people will of taken some profit , not all investors are lth's many people bought in at 4/5/6 p given them a 70-100% return which is not to be sneezed at , also as someone pointed out the other week the number of shares in circulation has gone up so it takes a few more buyers to move to price than it did before , but i do think the main reason is its past performance , it doesn't matter why, all that counts is it did happen and people are wary of getting burned again , its all very well saying we are doing this and that and are going to make xyz profit but until its in black and white on a balance sheet signed by an independent auditor then people are going to be a bit cautious given the companies previous track record .yes i know the company is completely different to what it was a year ago , but many people don't , know this , if you were looking at this company for the first time as an investment , be honest !!! looking at what happened and the balance sheet , number of dilutions , board members taking the piXX would you invest as a first time investor ??? , probably not , its only when you dig deeper into the why's and the how's and really research this company that you realize how under valued this company is , i think the true value will come when the next set of results are posted until then the price will float along ,
hope i'm wrong and that it moves north in the next couple of months , but for me its a waiting game , once we have a set of accounts with a big profit in the margin , then it will be lift off and never mind 20p i can see this in three figure country by next year , predicting what will happen and what actually happens is always fun
gl all