When one looks at the chart over 5 years, we can notice that a rally in the SP always takes place before the new year. Are we at the inception this year ? Could this start from next Monday ? I hope so.
RE: RNS - trading over last 3 months - profit ouch!15 Oct 2019 11:40
Due to too much negativity in the Trading Update, I sold out today and due to many flagged up uncertainties, the share price will be prone to extensive shorting for a good while until business turns around. So I am out and I may pick them up cheaper for the long term.
The share price seems to have found a floor around £35'sh and looks fully stablised. Assuming the worst has passed, any slight positive will propel the share price sharply upwards towards high £40's - £50 pretty quickly. The SP is so sensitive due to the low number of issued shares (73 million). So I have dipped in my toe today (total 550 shares only for a start).
The FTSE, including the software sector are all sharply down. From SGE, MCRO, CCC, SCT, all are down. For us, any news regarding the Sale will propel us to new highs. Just a matter of being patient.
RE: Mystery Tweet from Anthony Persse1 Oct 2019 12:07
He said "Just a few hours ..." so yes I expect something anytime today. The VRS CEO is even worse about statements in his daily tweets. So to me he said nothing material officially yet.
RE: Feels a bit like loose ends getting tied up1 Oct 2019 10:07
At present the market cap of about £50M is lower than its sales of £52M. Dutch acquisition will also add to revenues. IMO any offer must be at least 3 to 4 times its sales = anything between 150p - 200p or better.