RE: Val news30 Sep 2021 13:09
Cenkos are on the Job
The presentation is only day one in issue and the bigger players need a few days to arrange meetings discuss the Investment proposition.
A family office I sent details to for example are currently reviewing it over the next few days, they had never heard of the business, no guarantees they will take a position next week but its not an instant thing, the point I'm trying to illustrate is these things take time.
Meanwhile, retail investors can be a fickle lot, impatience is their worst enemy and the market makers use that to their advantage, retail have a fixation on an actual share price, if it moves up 50 percent, is it expensive, do i need it a bit cheaper to buy etc etc, human nature. Of course what they should look at is the fundamentals of the business in relation to the market cap.
At this second VAL is at a market cap of just £ 25m, that really is microscopic for a Biotech at this level and way way under the peer average as discussed, so for me personally, not a chance of me selling anything at these levels, this is BUY and ADD only, traders and short term players not researching the business can do what they like, the market is finally JUST waking up to this business.
Good luck all but this is going in one direction as far as im concerned and that's far North. Its about to get materially better from here imo, but DYOR
Pork's