I posted at 14.19 hrs24 Jan 2014 18:44
The ramping today has been excessive...exactly what is the fantastic news that is going to move the sp through the roof ? Last years financials that keep getting quoted are not what the company is worth now ? One investment , WSX , is virtually worthless and PHC has dropped 35% since it was purchased. They used cash for the PHC investment which came from their £1.99 million !
Perhaps they are going to average down on their PHC holding or buy into something else but is QRM really going to sky rocket ? Perhaps PHC is ripe for a takeover?
Anyone who bought today on the hype is either locked in hoping for a miracle or will have to take the hit. This is merely an investment company and not a very successful one at the moment !
Before you start shouting at me, i want this to rise like a souffle, but as a long term investor perhaps a different viewpoint maybe appreciated by some. G.l.