RE: SLUMP IN PRICE7 Jan 2017 19:14
Trading update was very positive that's why I believe the share price gone up (I topped up after reading it averaging down) but I have no idea what is behind the recent fall. One or few of the investors/funds may have de-risked their positions, who knows?
Volume is so low that we can go down or up significantly without any news. Few smaller investors may be shaken by the fall and run to the exit.
I'm happy to keep it for many more years no matter the price.
What I liked in business update:
"In August 2016 the Company announced its largest contract win to date with a leading global asset management company."
"In October 2016 Osirium signed a pilot contract with a UK based contextual surveillance company, which by December was fully integrated and operational. All other existing contracts during the year were successfully renewed, with several expanded."
David Guyatt ,CEO commented: "...The Board remains very confident in the Group's prospects and we believe Osirium's unique proposition is well placed to prosper in the thriving cyber-security market. We are also confident that in the next quarter, a number of new prospects will be converted into contracts and potential channel partnerships formalised. ..."
So just wait a quarter or two for some more good news and hopefully a big rise in sp. GLA