No expert2 Jun 2020 16:47
I'm no expert at these things. Previously bought a small holding at around 1p largely (if I remember right) on the basis that (a) it has good products with a large market that are clearly in demand, and (b) post Woodford debacle it had fallen so far, and yet the guy can't have produced such great returns for so many years by knowing nothing at all, and they still were holding onto some, and (c) losses were getting progressively smaller. Oh, and (d), when it dropped briefly below 1p the gannets rushed in very quickly.
I reckon the reason the SP stayed as low as it was was the concern over finance.
Then this thingy happened and my investment that had been up to 1.75 was down to 0.39. Small holding originally, so now virtually worthless: buy more or throw it away.
Tried to look at it as a new investment... the big worry, the short term financing is out of the way. That's why I don't think it's fallen further in spite of the new shares coming onto the market. It still has great products, in demand, increasing sales, and with a great future - and now with much more secure finance, within which it may break through to profit. Most ii's will still not have large holdings relative to what they hold elsewhere, so I'm not sure they will sell on making a profit: perhaps only some pi's. The ii's will hold for the long term, and judging by this board so will most pi's. So I wasn't sure it would fall further, and didn't want to miss the chance. Trying to time the bottom is a mug's game.
Bought in at 0.39 yesterday. Relieved to see it up to 0.45 so far today!