The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It was an interesting market today; the price was held at 1.38 despite a plethora of buys, clearly the mm's were managing a sale, and at shortly after 2pm a 1m sale went through. Once cleared the bid and offer once again moved according to the weighted buys or sells that went through. The cleared over-hang meant that the price fluctuated, and increased into the close according to supply and demand as you say. Some mm 'games' to generate cover for the sale, but a more fluid market into close bodes well for Monday! Although COMS shares are clearly gold plated, Monopolistic forces are not at play here and ultimately if more people buy, the shares will go up!
Adrift, I concur that following charts on aim has some difficulties, particularly with illiquid stocks like COMS. The best way is to use longer time periods to cut out the 'noise' of large fluctuations on a daily basis. My last chart was back in October and signified a possible run up to 2p, where resistance at 1p had proved hard to overcome. http://s26.postimg.org/j5wg417a1/Coms.jpg The result of this prediction was reasonable I think? I agree however, it as just something to consider when making a decision when to buy/ sell. My current hunch is using a 3 month chart, and time will tell whether useful or 'B.S' as Mainora calls it. Happy to prove wrong, but even happier to be 'having a go!'
Mainora, I am delighted to have helped a little to brighten up your obviously woefully inadequate existence.
COMS pattern detected? Those of you that follow chart patterns may have noticed a possible symmetrical triangle pattern that has formed, best viewed on the 3 month chart. A stock that has a rising trend leading into this formation normally breaks on the upside, especially strong signal coupled with the reducing volume we have seen recently. A break-out from this triangle looks very possible in the next few working days upside around the 2.5p area, look for increased volume in conjunction with this price movement. Worth searching 'symmetrical triangle formation' for those sceptical! Passes the time of day! All the best.
Follow the money!
Your post of 20th May 2014 states you are invested here with a 2-3 year time-frame with the expectation of 30p. Would this explain the slightly negative tone to your last 50 or so COMS messages?
Time will tell! I hope (and expect) in a few months we will look back at these levels and wonder why we didn't re-mortgage to top up. Our market cap compared to nearest peers is laughable. Personally I am not afraid of the 'low margin' scaremongering by some who frequent this bb. Often the lower margin business arena's generate sustainable cash, and after the crazy ride some of us long term COMS aficionados have 'enjoyed', some stability would be nice! So called 'low margin' may not be sexy or glamorous, but that also cuts out much of the competition; factor in high entry to market costs and the excellent referable contracts successfully delivered, and you have a useful formula! When the business is expanding and generating a real return is when margin can be successfully improved, I believe we are getting closer to that goal.
Little top-up for someone near the close. Shows some confidence in the interim's.
Double bottom could well have formed, coupled with an increase in volume yesterday, and bullish resurgence near close. GLA .
I believe you know the answer. If the business generated a revenue stream of a greater significance once sold, it was a way for COMS to claw some money back. It was a necessary fire-sale, and without the sale we probably wouldn't be debating COMS now. Nobody, I believe, ever expected a payout.
A few posts from KatieC1 in 2014 about COMS: I will call these the positive years... 'Outsourcery product offering is similar but not as extensive, also check out their numbers v Coms and market Cap.... think we should be at 12 times if my maths is correct.... that should make Coms 432m market cap...... This week is going to be interesting in this share, I only ever invest in shares that slide downwards and hit their peak low and on the bounce. This one has more bounce then any I have ever seen. X' and another one from April 2014: I purchased some shares in Coms to make money, hopefully the share price will go up yes, if not then my loss but it was my decision. I am not a person that tries to post to sway the share price either way, hope you have seen that today. (I know I am new here and it appears to be a bit clicky, sorry about that!) But, this is my hard earned money and will not tolerate people trying to drag the price down on purpose to benefit themselves, you are messing with my investment. If you do then you will feel my wrath.... (sorry mum, forgot the NLP training there just a little bit :) X Where is all this wonderful optimism now?? x
Just before 4pm. Management consistently bullish, legacy issues dealt with swiftly, director buys, market cap possibly 1/3rd of revenue, strong order book, huge future opportunities ... guys it doesn't get any better than this!! Feeling positive about this....
These are roll-over trades. £24 commission to sell and buy back, normally at the 'bid' price or 'ask' price.
Please don't stop Worzel posting. I have noticed a positive correlation between his appearance on this bb and a reversal in the short term down trend in COMS share price. I may use this as a future strategy.
Looking at the current market cap compared to the company revenue stream (which was remarkably strong considering the lack of focus last year) I am convinced this business continues to be undervalued as a stock. Taking in the increase to the bottom line (30k per month) after the lease was terminated, the 42% increase in revenue by Redstone in the second quarter from the first (which I have no reason to think was a one-off with European expansion mooted) and the renewed focus and energy of the management team, this has the hallmarks of a recovery play with legs. The director buying is comforting, (I always like to see 'skin in the game,)' but they are often on different timescales to many retail investors and it has, if anything, added some volatility these last few sessions. I await with interest the results, and although guesswork, at this stage, I am going for approaching £50m turnover, and a much improved profitability.
BTW a 38k buy just reported at 9.37am, so someone likes this price (1.35p)!!
It looks like a sell, granted, however the mm's were attempting to attract buyers at the time and had an ask below the bid price! The trade after the 27k was a sell at 1.30p, and the following trade was a' buy' at the increased ask of 1.33. Anyway it matters not, all academic...
The price was pulled down for the trade, after it went through the ask went up to 1.33 immediately. Definitely a buy for what it's worth!
Well the fib retracement of 38.2% to 1.68 didn't hold! The next fib retrace is 61.8%. Could be coincidental, but todays low is 1.365. 61.8% retrace of the 1.31p gain (from .87p to 2.18p) takes 80.95 off the top price of 2.18p. By my calculations that takes the share price to 1.37p which is NEARLY EXACTLY the low today. Looks to be oversold on the RSI indications now, but who knows!! ATB Plantravel.
...well that explains why they were desperate for stock!!