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I also believe that this long suspension has been of benefit. BOO bought in when bigger contracts wern`t in place and REVB has since expanded greatly. REVB is a different monster now, and worth a lot more than when BOO took their large stake for peanuts. Whats another few weeks wait ? Those that bought in low are going to be rewarded greatly and deserve it as they took the risks at the time of suspension.
So Revolution now in stock at Primark. Looks like they are going for the bottom price range cosmetics to take market share off other manufacturers. Kind of McDonalds marketing format, not the best, but cheapish, tasty and sells. Sure to make a reasonable profit margin as most young people buy the cheap stuff.
All I know is that the largest holders will accept what they believe is a good takeover price if BOO were to put in an offer. I`m sure that this will have been discussed between them in private. Would prefer to get re-listed and no quick offer proposed as the price will increase dramatically the longer it`s trading with new market capture. Can speculate what`s going to happen every day, but wont know until it`s re-listed. Be quite happy to hold shares for a few months.
Allsworth & Minto received 48,838.993 free shares each from IPO I believe. BOO bought 26% at around 19p off-market. If this is correct, then a deal could go through between them without any vote from others. Could easily be taken over early doors so us mug-punters dont benefit too much.
Just a thought, REVB are in some of top retailers now. Are all the products manufactured in the U.K. by Medichem ? Seems strange that they can raise production very quickly without expansion or outsourcing, more so for the U.S. export market.
Maybe some manufactured in China. Any answers please.
Forget 50p opening price. Primark contract is worth multibags. Primark has footfall way above all the other retail outlets for all ages. Best not to sell too much of your stock as this one can make you very rich......
Hit the nail on the head SWLC. Jupiter and abrdn UK smaller Co`s are the ones doing the damage. Both are still above 3% so hence no TR1. Hope other funds will start to accumulate at the low prices but may take some time for sellers to clear out fully if that`s their intention. Good post.
Still a kind offer though. Looks like we will have to wait until near close to see if seller is still dumping. I darn`t mention bottom reached anymore as the hole gets deeper everytime. Not going to make anymore comments now until £1 is reached, so may not post until next year...
Looking at the long term charts, it has fallen to around 50p lows a few times over the period, but never from prices as highs as recently seen. Has this share been overbought based on potential earnings which havn`t materialised ? Wish I`d never bought that large cheap shovel now as i`ve dug a rather large hole that will take some fillin....
Think I should have done the same when only losing 5%. Now heading for 40% down despite quite a few small top ups on this cliff fall collapse. Behaving like an AIM share. Really hope this is down to one big seller and not any other reason that We dont know of. if this was the case, then would expect other funds to be selling as well which may be the case without any TR1 or RNS. Why aren`t the directors /funds buying ? Worrying times.......
That would take the S.P. to around 65p on rough calc assuming the shares sold dont get bought up. Will also make others sell. So dissapointed with this one but can only hold now till support level is found. Dont I pick em....
May well have a director selling up before New tax year. A director buy would give more confidence though, although no RNS TR1 has been released for previous sells which seems very strange regarding the very large amount sold.
Not sure what to make of the large transaction to be honest. A sell of over £600K would drop the S.P. dramatically which has not been seen. Suspect that these large trades are orders being filled by others. Seems to have stabilised over last 2 days now, so whatever is going on, hope to see back of seller and get back to a more realistic value. Have stopped trading for now as need to get my head straight after buying into this one.
Will probably wait until buyers to raise price again and then sell near the close. Dissapointed not to know who is selling as no TR1. Kept under the radar and their continuous selling has also panicked other PI`s to sell. Be nice to have just one day in the blue. Hope that this is the bottom and support level found.
Certainley My worst pick since I can remember. No real support level seen and thought 75p would be the bottom. Fidelity were the largest holders with nearly 10 % but this has fallen way more than that. At a loss why this is only going down every day. Do I top up or wait for a support level ? or RNS that could explain the sell-off.
All this is historic and will be in accounts for that year. £9m wrote off from profits as per falsification. What matters now is agreed revised valuation price for medichem and next profit up-dates. As I have said before, they dont want it re-listing yet and want to take into new tax year so that any losses can be realised against future profits. Clean slate in a way and once that is done, then the Company can focus on whats in place now regarding expanding of market share in U.K. & U.S.
Quite happy that this was the correct decision by Bob.