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Even if you think this will recover long-term - you should probably just sell your holding and re-buy at a lower sp.
It looked as though there would be a small recovery at 3pm but plummeted again into close. After 4 continues days sliding i didnt expect another 12% drop!
Have done a little research so far and cant seem to understand why the sp is plummeting. Do any LTH have more info - as far as i can see all the fundamentals are in place.
I was looking to buy in around 450 but remained patient and it has kept drifting. Any help would be appreciated.
The ramping can be a bit annoying but in fairness, what they are saying is genuinely true - its just they keep repeating it.
Having been in at .5, I have seen times when people would be ramping when the sp was sliding, yet look what happened, it made a come back every time and I have more than doubled my money!
Everything is set for the SP to rerate big time, my advice would be to mute those you believe to be ramping and then buy in! Even if you are cautious due to the history, this is a no brainer imo.
Absolutely.
Two key points for me are the increased loan facility and huge institutional buys we have seen over recent weeks.
If the experts (institutions) are buying in bulk they are clearly expecting a good return and are obviously more knowledgeable than the average PI.
The increased loan facility essentially means our lenders are also confident in us generating large revenues to pay back the loan - again, they are clearly well placed to make this judgement.
Follow the big money people
Another important snippet:
"Under the Amended Loan Agreement, a commitment fee of US$136,000 is payable by the Company to the Lenders through the issue of 8,349,546 Ordinary Shares in the Company to the Lenders"
As if the loan increase wasn't a big enough issue of confidence, the lender has secured 8million shares as part if the deal. They have clearly seen all finances and future plans and think that EQTEC is going places - fantastic news for us holders!
What is your purpose in being here? Just buy in already so rather than being a miserable sod, you can join the party and celebrate as we get back to year highs and £100m contracts. You're only kdding yourself here mate.
Reported as 320p in this article - https://www.fairfieldcurrent.com/2018/09/27/northland-capital-partners-reaffirms-corporate-rating-for-eqtec-eqt.html