Val - we’ve apparently been showing thought for the future for 2 years now and year on year the figures are a disaster. Literally burned through £5m cash in 6 months. Covid cash pile gone in 8 years if we do nothing else.
No plan here, just devastating losses. I won’t apologise for calling out the appalling performance of the company and the board over the past two years. Acquisition aside, don’t forget we are 7/12 through the year and have no idea what the 2023 forecast looks like. All we have to go on is Q1 figures which ended 4 months ago, which is appalling.
Indeed HC, which is what makes me super sceptical. The last 100%+ rise we had ended with the price being below where it started. But agreed that a nice steady rise and consolidation is needed. A boom like yesterday and a settling as appears to be happening now, levelled out a bit today but still +10% so can’t argue. I expected serious red today.
Let's not get carried away, eh. Fantastic start to the week but as someone else said (and I didn't see them get hammered for it like I would have done), we have seen this countless times over the past couple of years with ncyt and have always fallen back, and lower.
That said, given that there is absolutely no obvious reason for the rise (as there is often absolutely no obvious reason for the fall) let's embrace it for what it is and enjoy the respite.
None at all, caveman. Absolutely none of us here know why it it is 23% up but I’m not complaining.
Past experience tells us that these highs can be quickly wiped out but let’s hope it is actually related to the tangible news we received. At least we have something to go on at the moment, whereas for 1-2 years the company gave us nothing other than copy pasted presentations and pie in the sky future revenue predictions.
Happy to see the rise, harchris. But see no reason for it, buys don’t massively outweigh sales etc so can’t rule out pump and dump.
I guess it’s just aim price action which, frankly, makes little sense, so what will be will be.
Don’t really care any more, 89% down so just riding it out now to see if anything fun happens.
Moniman - would make no difference to them. This Tory government hate working people, hate SME’s, hate the uk and hate pretty much anything that isn’t a massive corporation and/or something that further enriched them and their mates.
They wouldn’t blink about destroying 1, 2, 5 or 10 companies