The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Do I take it you've changed your cautious stance from yesterday??!
Looking very strong this morning...
Remember the 'code 1' chat last Thursday..........Coincidence?! We could end up positive today, not bad considering the dilution!!
Fast moving technology business environment means acquisitions to stay ahead of the competition. Short term pain, but this looks a sensible bolt-on. New institutional investors, more management cash involved, and placing at 3x's the last one, all very positive IMHO. Don't think this will plummet today.
Superb. Always like a midday update!
I get the 'fat finger' suggestion, but I couldn't currently buy 1 share at 1.65 as the actual spread is 1.625 to buy and 1.57 to sell? Wouldn't it have to be an mm that bought the single share? Or maybe other brokers charge the listed bid and ask price and not the actual market price? Anyway I think I've bored myself on the topic now!....zzz
£10.5k more buys today than sells, and still down. The mm's are playing games for sure. It'll be interesting what transpires ( if anything) from the signal 1 at full ask.
It was a sell, but good volume this morning. Buys approx 27k sells approx 16k. So far.
Just had 2 automatic email alerts from my stockbroker. One to say COMS had hit a 1.9p ask, and then 20 minutes later another to say that COMS had hit 1.7p on the bid!
enjoy.
To be honest, my suggestion would be that the 80k earlier in the week was actually a worked sell order. Makes more sense as it was settled after-hours, and the price was around 1.80 IIRC, which was a little above where we finished the day. It would explain the weakness in the share-price this week, despite some pretty encouraging news. Anyway whatever it was, we are heading back up now, and any over-hang appears traded out.
Should get us heading again in the right direction...
On 20th January 2014 Coms announced around 1.4m contract wins. Share price opened at 4.97p and closed at 4.9p. 7.8 million shares changed hands. The news today is for a reasonably small contract of 750k and we have had in excess of 33 million (albeit at a lower price per share) and a share price bouncing around 8-10% up. This is not about the contract, it's what it means. The bosses in the basement of IBM under a quarter of a million tons of concrete with perfect mobile reception and data functionality etc will be the first to spread the word. Easy marketing, great referral/ referencing and immense scale-ability ... what's not to like????
I think what's pleasing here is not the value of the win, but its significance. This is an untapped market, and Redstone are first to position themselves within it. I am sure there will be a move into this sector by others, but the first in place can exhibit some serious market dominance. Great vision by the new team at COMS!
I honestly don't know why I, or anyone entertains you on this site KatieC1, and trust me I won't bother in the future. For the benefit of other interested parties, who might be taken in by your seemingly innocent continual questioning, the below statement is from the October statement, and could not be clearer. The directors didn't expect any monies to be forthcoming after the initial consideration. Shows how wise it was to shelve the telecoms business in my view. Another masterstroke by the new management. On 31 May 2015 the Group sold the business and certain assets of the Telephony Services division to Timico Limited for an initial consideration of £2.5m paid in cash and a deferred payment of up to £1m contingent on customer invoicing in the period to 30 November 2015. Only the £2.5m initial consideration has been taken into account in this interim report owing to considerable uncertainty as to the likelihood of the targets for the deferred consideration being achieved.
http://s15.postimg.org/sulkrrkij/Bull_flag_COMS_Feb_16.jpg Appreciate that most will think I am bonkers. The poorly coloured-in image above is what I see as a textbook bull flag. This signal alone should see us head for 2p without too much trouble all being well. Plenty of info on the bull flag pattern on your favourite search engine. PT.
Bull flag has now broken to the upside as hoped. Very encouraging sign! I maintain my short term target of 2.5p. 50% chance of a pull-back to the resistance level (which will become support) around 1.60 ish, but otherwise looking good. Nice volume today too. ATB PT.
A little wobble late last week, but the news and volume have lifted us above the resistance which has been in play since the turn of the year. Short term target as previously suggested, 2.5p. Possible signs of a Pennant flag formation in the daily range, again good news for a continued push north tomorrow. I particularly like the reference in the RNS to continued investment, improving the offer to customers of Redstone, and the results of these investments 'beginning to bear fruit.' £1 million as a cash balance after investments is very promising and it sounds to me as though there is more to come in the future. I don't believe charts are the 'be all and end all' to investing, however they can point to possible large movements in share price, (so called break-outs) and so for now, I will continue to be interested in them, and will trade them, ( b.s or otherwise Mainora.)
This is going to the wire.... a break-out could be about to occur! Fingers crossed. We are looking for an increase in volume and a spike north.
This was the idea from earlier... http://postimg.org/image/6asz1n7tr/