That's me in for another £1k. Nobody tell the missus.
I've topped up twice today (that 56,790 10 minutes ago was me), and I'm wondering if the wife would forgive me if I tossed in another £1k at this bargain price. Maybe she doesn't have to know :)
Yeah, I've invested in a lot of companies that struggle to articulate their message. I usually find, though, that I make much more profit in the long run with well-managed companies that can't cobble together a coherent press release than I do with those run by marketing gurus who could sell you back your own urine. It's frustrating to watch them fumble an important part of the business, but it usually works out in the end.
Absolutely. Whichever way it goes will leave a crapload of value that isn't currently factored into the price. I'm looking forward to the next piece of news that confirms which path we'll be taking, as I'd expect it to make it damn clear to those who can't read between the lines that the future is very positive. There might be a couple more red days between now and then, but within the next week I'd expect to start moving strongly towards a fair value.
"No ones taking it into account because they dont understand it or want to." It may also be the case that some are waiting on the sidelines until the situation is confirmed. Remember, while shareholder approval has been received to dispose of 90% interest in KRP, it won't be set in stone until after the fundraising deadline tomorrow. I don't know anything about what's going on behind the scenes, but if I understand the situation correctly ZOX could yet announce that they've secured $5m in funding, will keep control of KRP and will proceed with the debt rescheduling laid out in November. Of course it seems more likely that there will come news in the first couple of days of trading in the new year that they've chosen to open door number 2, and are now entirely debt free and sitting on a nice little earner.
Just a cheeky extra 58,000 for me. Averaged my holding down nicely, and I envision a decent return not too far in the future.
I've no desire to debate, but I'd think that given that this is a generally sound business (having turned a profit until recent periods) experiencing funding difficulties I'd expect it would be an acquisition target for a company looking to take advantage and get it at a bargain price. That's not to say that anything of the sort would happen, but I'd think it would be a much more likely scenario than SHFT simply folding.
I'm in with a very small punt, just to pass the time. There could be further to drop, but after such a plunge these things usually recover a little into the afternoon.
I don't see why not. Buy today, and you have a firm offer of 20p in a few weeks.
They only have about 780,000 of the original dump left. Once that's gone we should see some fireworks.
WINS grew a little common sense and raised the bid to 0.85p. Tightened the spread back to 41%, which should encourage a livelier market. A few more buys and we'll be rocketing back to where the day started, and beyond.
I'm sure they'll raise it a notch fairly soon. They're having their fun offloading the dump for a massive profit, but if they push the spread beyond 50% they'll destroy the market. That would do nobody any good.
There are fewer than 1.25m shares to be sold before the buys/sells are equal. 3.2m have been sold today, and 2.279m have been bought. Another 921,000 (£10,500 at the current price) brings us back to parity. The appetite to snap up that share dump has been amazing, and I wouldn't be surprised if the day ended with more buys than sells.
I'd be buying more if I had the available funds, but I'm all in elsewhere. I'd really like to see the MMs raise the bid a little now. They can still charge as much as they please for the cheap shares they still have, but with a spread of 43.75% they're not encouraging much of a market. It'll only get worse when they move the ask to 1.2 and the spread widens to 50%, so hopefully someone will move soon.
Actually, at 1p the Mcap would be just £3.45m. The potential upside here is phenomenal.
This is getting very interesting now. Lots of buying pressure, and nobody willing to sell at bargain basement prices. If the spread is tightened we could see a lot of new money coming in to drive the recovery over the rest of the day.
Wouldn't surprise me. This one's a weird company. Turnover in 2013 was £16.5m, profit was £2m, and yet the Mcap is only £3.5m. It was around £28m at the start of the year, and seems to have been hit by the uncertainties of the Chinese economy. Massively undervalued at this price, especially given their new focus on the export market. I might hold onto these until they hit 5p.
All they need to do now is tighten that spread up a little to encourage buyers. We could easily see a 20% rise over the next couple of hours with just a few grand of buys.
Yep, looks very interesting. All time low, according to the charts. I'm in for a punt at 0.9, and I'll keep an eye on it. I'd be surprised if the day didn't end significantly higher as people buy back that dumped holding.
Big delayed sell at 10:09. Looking at the chart it seems there may be one or two more sales to be reported. Should be a good opportunity for anyone getting in at this price to take a profit by the end of the day.