Member Info for saintpeter7

Jam4u - very well said

What a start today. For Doghouser and others interested, one other comment to make is that whist the SP is above the MA20 line on the 10 minute chart and when it moves away from the MA20 line, be prepared for it to come back to that line. Obviously if the SP is rising so will the MA20 line, but if the SP goes too far above the market can get over-exuberant and naturally there needs to be some consolidation at the higher SP as sellers come in to take profits. Take as an example yesterday's opening and the sideways move in the 2 hour period after. Please do not take any decisions based solely on the above. It is your money and you have to make the decision when to buy or sell. GLA

Well that makes two of us as I am a partner in a small accountancy practice. Currently investing to boost my pension fund!

Good post Damocles and recommended. One advantage that a growth company in the retail sector can have over one in the mining sector for the pi is that as with IDP, in which I have a stake, once growth starts the SP can be far more consistent in its rise with news more regularly than a company where you have to wait several months quite often for drilling news or the like and the SP falls as pis move to what they hope is the next good share. I do hold a few mining shares as you will see from my posting history an so I am quite interested in having another in the retail sector with SMA. Let's hope GC comes through; he certainly has a very good record of success.

Doghouser - I use 4-traders.com. When you open the full screen chart for IDP use the dynamic chart. At the top left hand corner you will see 1D. If you click on that, it gives you a choice of period. If you select 10 minutes, I then ensure that it displays the MA20, MA50 and MA100. Some might use MA30 rather than one of those - there is no set rule, but I use those I have just stated. Whilst the SP is above the MA20 as it has been since the SP was 280p on Wednesday great. Sometimes it will dip below that line. My general philosophy is that if it remains above the MA50 well and good. If below, it may signal a change in direction. Others may have a different view - so don't treat this as a rule that has to be followed - it is IMHO though a good guide. If you haven't used charts before, do take time to follow them and learn from the experience. You can draw trend channels on the charts whichever period chart you choose to work with to see where the SP is within the current trend. Often the SP will find support at the bottom of the trend channel and resistance at the top. Rightly or wrongly it does help me in my timing of buying or selling. More importantly is to have researched the share and know all that you can about it before buying in. Monies are easily lost my not doing enough research and also by not making hard decisions on when to buy and when to sell. I could say a lot more but I hope sharing my view helps. GL

Largest buy of the day for IDP was £67.20K at 16.16.43. Wow, they mean business! I liked Haris' reference to Fevertree in his ********** interview today. Nice if IDP's mcap could grow like theirs in time. He's certainly very switched on.

Doghouser be careful about your timing as I am sure you will be. I have no idea what will happen in the first half-hour tomorrow morning as I have no crystal ball, but there will either be profit-taking after today or new investors buying in after reading today's news and doing their research or of course a combination of the two. Stating the obvious I know! If you are able to view a 10 minute chart, I find that it helps me to find the right time to buy, as it shows the short-term trend. And no doubt other investors have their favourite charts or other aids to assist them. So GL when you buy in again.

Yes, unless there are unforeseen circumstances, the SP will reach 500p. Whether it will be in the next 3 months or not, who knows, but one day within the next 6 months would not surprise me at all. Announcing today when the next trading update will be, does make me expect the SP to continue to rise, not in a straight line as there is bound to be profit-taking along the way, but for it to be higher than 340p by then. Investors like having a timeline with the prospect of further good news.

TDH - they are to give a trading update then per today's RNS. Looking at the daily chart, today's finish has ended up above the trend channel that started just 2 months ago when the SP was 125p. So IMHO, we firstly have the previous closing high which should be act as a support at c. 292p, but also the prospect of remaining in a new higher trend channel. Depends a lot on what happens to the SP tomorrow. Exciting times for IDP holders!

Wow, just listened - Haris is very impressive as is IDP's potential. So pleased that I invested again recently - a LTH for me now. Yes, the SP may get ahead of itself for a while, but with the additional selling outlets being arranged, why worry. And as you imply boonboon, if Skinny Tan (and the other new brands in due course) can be a success in the US, what level of sales could be achieved. They will have to consider in due course perhaps setting up manufacturing in the US to supply that market more easily than having to export there.

Hi Vienna - been a good and a bad day - I have a decent holding of shares in IDP up 20% today and thankfully less in SMA, which of course went the other way. Looking at the current situation, on reflection the SP was too high as it gave the company an mcap of some £3.25m which gave a value IMHO over the cash held (which was no surprise), the value of the VG holding and the value of the AIM listing of about £1.25m. , a net £2m. Now the mcap is just over £2m, so in fact in my view, the selling has arguably been overdone as it often is. Yes there is a risk that no deal will be done in time, but the RNS does give reasonable hope that in the next 7 weeks, an RTO will be arranged. And if so, that is not priced in. Even if the share is suspended, the company does ultimately have a further 6 months after then to arrange something. In that the RNS refers to the Company intending to appoint a new CEO in due course who will complement the anticipated new direction of the Company and who it is planned will be based in India, IMHO they would not say that if they did not expect the Indian acquisition to take place. IMHO for anyone prepared to take the risk now, this could give them a decent profit if all goes to plan. I am keeping my holdings in SMA and may even add if the SP falls further. In GC I trust.

Resilient - can the SP push higher or will it knock its head again on the 290p level. Great to see the momentum being maintained as there is always a concern that it will wain before further news. GLA.

Looks like good support for the SP at 270 at present and consolidation around the 280 -290 good whilst waiting for further news. An early Xmas present to buy now? -;)

Yes GC so true

I am an accountant but I have to admit that I really am at a loss as to why FOR is suspended until completion of the audit. I suspect the Balance Sheet at 31 December 2016 will show a deficiency of assets. After reviewing the RNSs issued during the last quarter of 2016 prior to moving to NexExchange, I am unable to reconcile the company's statements about its liquidity. That may simply be due to lack of published information. Perhaps the auditors may issue a report questioning the company's ability to continue as a going concern without further fund-raising. But as the auditors have to be strictly confidential in their work, I am not sure why the shares should be suspended as no-one other than the Bod should be aware of what the audit report will say, if that is the Bod's concern. Maybe it is more a case of the company seeking to raise funds before the audit has been completed? One odd thing I noticed was that the SP rose to 0.2p from 0.15p today pre suspension. Had something been leaked? Well, we shall know in due course.

To buy shares in MILA at 4.75p is equivalent to a value for the whole company of just £1.102m, which must be very little more than the cash the company holds. At 31 December, cash held was £1.018m and with running costs at say £65,000 for a 6 month period, the company may have about £963,000 at present - a difference from the value of company of just £139,000. On 24 March the RNS said "Mila is in discussion with a number of parties as part of its programme of assessing projects from early stage through to pre-feasibility". Let's hope one comes to fruition soon. Certainly if one is prepared to wait, as FK said earlier you could make a few percentage!

Vienna11 - trust you are well and enjoyed the bank holiday. Do you know when the annual results are due to be published?

" Temporary Suspension Forbes Ventures announces that it has requested that trading in the Company's ordinary shares of 0.001 pence ("Ordinary Shares") on the NEX Exchange Growth Market be suspended, pending completion of the audit of the Company's results for the year ended 31 December 2016. A further announcement will be made in due course."

Hi - Investorprime - almost :-) Looks like we shall have to wait until Tuesday - what's one more day!

Good to see the SP strong again today - support does seem good - will be happy for a small rise on today to keep momentum going.