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If this drifts down to around 5 or 6 pence then I may pick up a small amount just for fun... but with it's most advanced drug useless and the other three a ways from being worth much then I'd say that there's not much hope here for anyone.
Get in now for 50p...
Visonic (LSE: VSC.L; TASE: VSC.TA), the international developer and manufacturer of electronic security systems (alarms) and home management systems, announces that one of its major European customers (“Customer”), who accounted for approximately 9% of sales in the current financial year, has informed the Company on 22 December 2009, that it will not renew its current purchasing agreement with the Company after the agreement’s expiration date, being the 31st December 2009.
"If you bought a house for 200K would you sell it for 120K?" ou seem to have confidence in this stock. Nothing wrong with that. I hope the future works out as you think it will. My own speculative opinion is... that the company will break up into smaller pieces in the autumn of 2010 in an attempt to reduce the massive debt. During the World Cup people will abandon expensive pubs for their giant indoor plaza TVs and it will be a non factor.
"...the facts have not changed over that period..." We'll agree to disagree. The markets have lunged 2% ahead today and PUB has dropped another 3%... so far! Tomorrow when there is the inevitable profit taking and we are in a selling mood then PUB will once again dip. Things HAVE changed for PUB and maybe their board of directors are as hard headed and resistant to admit it as some of the share holders. Now - none of us really know thew future and we are all doing our best to guess correctly. It happens that my guess is that the Woolworths analogy is more accurate than you think. 59p by Xmas!
"do u think a 10 fold increase is possible?" I think it's possible. Then again! This share is a speculative gamble. DOR and then decide.
"...but I entered this for the long term so..." What IS the 'long term' for a company which has crippling debt and a badly run business that is increasingly unpopular. Look for PUB to have a massive property sale next summer (after the world cup) and for shares to hit 19/20p by then.
I personally would not. But there are those still willing to throw good money after bad so if you are desperate to have this in your portfolio then NOW is the price to do it. If you have a little patience then wait till it breaches the 60p mark. If you have any common sense then avoid this dreadful business altogether.
I expect these to slip to maybe as low as 16 or 17p before march and then double by the results in April. In fact I'm investing in that happening!
"No worries, my wife has just bought in again, she has an uncanny knack of calling the bottom for this share..." I'd wait till they level around 66/67p sometime today and then maybe stick your bid in...
I'm hopeful that CHRT will drift back to close to its original share price eventually. All buys almost no sells... I'm comfortable holding on to what I have. Should open about 106p tomorrow, 2p down from today, and close the week about 111.
Check out the sales for today.
108... Not good!
Are they worth 9p?
Shareholders registered as at 8 December 2009 (5:00 pm) will be eligible to receive the Second Return of 8p per share...
Oh dear... there's a bit of a shock for some as there seems to be some discrepancies over the figures this year...
Whoever did that must be wondering about his portfolio today!
Not quite sure why this dipped like this and I can't find any news so I'm back in here for less than 20p!
9% drop... May be time to get back into this one.