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I suppose that they have insight into the status of the large legacy shareholder's remaining holding to be rid-of. It may now be negligible.
Once that's finished the selling will cease and the market for the stock will normalise.
Today ... should get the sp back to 100p over the rest of the week.
Market Cap £48 million, net debt £43 million (source: Stokopedia).
Interest on debt is not well covered.
High risk, high reward.
Buy out most likely IMO.
Hi All,
My teenage daughter matched my brazen confidence with her own naivety and allowed me to manage her ISA. And yes, I bought DX for her at 30p. It's with AJBell.
IF DX can no longer be held in an ISA does anyone know the mechanism for their removal from said ISA?
Will AJBell simply remove it ........... to a General Investment Account in her name (I would open one) or is it gone gone?
Any advice one how I can turn this into an investment lesson for her, without her throwing a wobbly?
CEO Dunn bought a boatload of shares at 18p after announcing this debacle. If that's not playing down (misleading) the seriousness of this situation, I don't know what is.
I think you're being a bit disrespectful or may be unaware that, despite the fact that ANIC does not "make this stuff", its success is very closely associated with the commercial/financial performance of its investments. If the businesses cannot be scaled profitably then the investments fail, and ultimately ANIC fails.
SisterAct, your list seems to cover all the possibilities; so have you listed them in your order of likelihood from 1 to 4?
Just maybe having the company shares off the market at the moment is a blessing in disguise. It could turn out to be advantageous to open at 30p in May than be sitting at 12p in today's awful market.
I disagree that Llyod leaving would be a disaster. To quote from Laurel and Hardy "that's another fine mess you got us into".
There are other capable leaders out there ...
I think DX just wants to show the market that they're still around and doing things, albeit fairly mundane dressed loosely as innovation.
My calculations are along the same lines as your logic here.
Also, consider the time-lag from the purchase of the case to realisation - around 11 months if my memory serves me correctly. Quite a lag.
Omicron risk looks overblown. Christmas and New Year festivities are on.
Means alcoholic beverages.
Up 8% this morning, so far.
@Crazylaegs
Good thought IMO. I read today that Gymshark is opening its first store on Regent Street in 2022. They're no muggins. The best performing have both online and shops - Next and M&S for example.
On BOO, I have a buy set with a limit of 145p that expires on January 14th, 2022.
@stewie8
Expect it to bounce between 22p and 24p for a month or two before a) people who know about the raise forget about it, b) invested individuals get bored and try to trade it up and down, and c) new investors who don't do their homework are attracted by the price and story, d) there are few token investments by ANIC into fledgling businesses to spike a bit of interest.
The price then goes to 34p, as the NAV goes to 17p, hangs around thereabouts for a few months, drifts down to 28p at which point there's another fundraise.
Long term there will be billions of shares in issue, the brave early investors will be shafted and the latecomers will surf the late wave to great riches (2030 - 2035 AD).
This is what my crystal ball is telling me.
My gosh, these guys are good having their fingers in every pie and taking their cut left right and centre.
I halved my holding at 25.22p this morning, realising a 19% loss on those, and will ride with the balance.
I expect that Gatemore having a seat at the board table is now priced in, as are the seeds of recovery of investor confidence after the probable suspension.
Let's see.
GLA.
It riles me that when they should have been dealing with company business/investor relations they took the time to line their pockets.
Directors buying at low prices in the immediate (same day, in fact within hours) aftermath of an event caused by themselves, whether directly or indirectly, demonstrates moral flexibility, greed, and insensitivity to all those who do not have inside knowledge nevermind the personal wealth to buy more shares at the drop of a hat. What happened, IMO, with the Directors buys was a disgrace. Instead of being fully focused on the company business they were fiddling with their iphones buying shares in their own mess at knock-down prices.
If they wanted to reassure the markets they should have issued a detailed RNS with the traditional reassuring words that most PI's and all II's recognise as signals.
I really wanted to get that off my chest.
Thanks for your thoughts Blue83.
Given the timeframes you mention, it makes it more odd/interesting that the MD bought shares in July 2021, with knowledge then of the issue (if you are correct), at a price of around 32p. I really don't know what to make of that.