RE: Value12 Jan 2019 18:56
Coldspy, it’s a hard call, as usually you would see a rise in anticipation, which we haven’t had, couple that with, what already appears a lack of sentiment within this stock.
Now, this could be nervous retail investors, or people simply waiting until Monday afternoon.
There has been low volume, minimal trading (contrary to what others “want to believe”), and little interest from the MM given spread over the last week.
Monday will be a key day imo, if there is no real shift then, my opinion, is no, we will not hit 20p. As that would strike me as there bekng genuinely no interest from the market given the complications and lack of growth prospects....it simply not a stock worth holding for the bigger players.
I would imagine a spike to around 13p ish and settles 10-11p. Buyout would then be the next price point.
Alternatively IF there is upward movement Monday, it would be clear that retail investors are looking at this for a quick and fast turnaround, which, ultimately with a low (ish) number of shares and the speed it moves it will creep to 10-11p mark by close of trading Monday. Then we will see 20p in my view Tuesday with a re trace Wednesday to high teens and by the end of next week settling again 13p mark
Tel Aviv market tomorrow will have no reflection on our market (as I keep saying and keep proving) so whilst it may give a slight postive feel, I wouldn’t read anything into it, unless, there is a very sharp substantial rise, which would indicate a likely leak
The issues I see here is the lack of future known growth prospects at this stage, for a real sentiment to be with the stock coupled with it still be a binery bet.
Summary, no movement Monday, good news RNS Tuesday, my target 13-15p
High volume Monday, naturally people taking a position, low share availability, followed by good RNS Tuesday 20-25p
I really do not see more than this given what I have seen with the company (forgetting ramps, de ramps, banter and arguing!). My opinion is based upon your own research, experience and feel for the stock (that doesn’t mean I will be correct)
Many will jump out at around the 17-20p mark imo