RE: 70p New Base?20 Jan 2021 11:33
Small trades have become increasingly common over the past year across all stocks, presumably due to people on the furlough scheme trying to make a quick buck.
Agreed, not having cash flow issues (alone) won’t see us back at 140p, but an INCREASE in cash reserves/profits will see the share price head north, comfortably to the 90p region imo.
In the meantime, if we receive an update on new contracts (which is pretty likely) or a blockchain update, we’ll defiantly be north of 100p.
You’ve got to remember, an Mcap of only £18m will put the share price at 120p! This can easily be achieved this year based on higher demand of their current services alone. As stated in the last financial report, Triad’s cash reserves had grown by 34% compared to the previous year, and since then demand for their services has grown hugely.