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This moves quickly on very little volume so can see it trading above 10p prior to the JORC.
Once that lands you won't be able buy. Not much stock about. As per previous post, load up now while you can.
I had a little top up this morning.
I decided to buy back some of what I sold yesterday off the back of the continuing buying pressure.
Took a punt on it finding resistance at 13p but it swiftly broke that. Chris Akers prediction of 15p by end of the year looks spot on.
Share price nicely consolidated above the 50 d MA and ticking back up again. Can see this retesting 170p soon.
If it breaks that I'm hoping for another leg up to 200p.
Still my largest holding and bullish for 2021 as they increase their digital revenues.
Sold a few at 13p. This run may have legs yet but I'm sticking to plan. SP now at the channel resistance line, looks a bit overbought at the moment and I think the price was buoyed today by the post Brexit market surge.
Will buy back in on weakness, the rest I'll let roll all the way to £1.
SP now near the resistance line of the ascending channel dating back to March.
If it breaks that we're off! Otherwise can see it trading between 10 & 13p until further news or the prospectus.
Either way its looking great for 2021.
Great to see this above 10p.
I'm reading between the lines a little on this but wonder whether DEV have a agreed to offer their standard subscription for free as part of the NISA agreement;
".... schools will have the option to upgrade the platform from a standard subscription to a premium subscription licence - NISA's recommended level of career guidance."
First post and straight in with a 50p prediction.
Bosh.
Ave it.
After such a rapid rise a pullback was always on the cards and as is so often the case, news triggered the sell off. I sold half my holding following the update.
I'll be buying back in soon. Share should find support on the 50 dma.
Long term I can only see the SP increasing. I think they'll continue to launch new 'Live' websites until they cover pretty much the whole of the UK. Couple that increased traffic with better data collection and I think revenues will soar.
That's my hope anyway!!
Yeah I agree, the risk / reward on this one looks good.
The reward is likely to be a share price over 15p in the shorter term providing everything goes as it should.
The only risk to that price appears to be achieving the necessary purity. The graphite is clearly there, the flakes are of a premium size, but jumbo flake graphite needs a purity of at least 94%. In preliminary tests they didn't quite achieve that. But with further lab work I'd expect this to be successful, especially using SGS in Canada.
Chris Akers target price is 15p by end of the year.
That'd be a nice Xmas pressie!
Here's hoping for an exciting January then!
The SP seems to have found support on the 200 dma at the moment. Providing it doesn't drop below that, my target price is 12p in the shorter term.
Podcast with Blencowe CEO. January is going to be interesting!
https://www.sharepickers.com/blencowe-resources-brandshield-and-richland-resources/
Hi, fairly new here. Slightly underwater and only share on which I'm currently down but topped up twice now as the potential is very exciting.
A little disappointed with the delayed prospectus but I understand the delay. Why issue one now when you're in talks for a transformational deal. I think Dev could be a little better at PR and outline the reasons for the delay.
I do have a question regarding the latest RNS. It states : .......... or (2) the issue and admission of the Subscription Shares in respect of the second tranche being exempt from the requirement for publication by Dev Clever of a prospectus.
I'm reading that as they don't need to issue a prospectus. Is that right?
I believe the trading update will be positive, just hope it doesn't prompt a pull back (buy rumour, sell news). But even with the recent increases, this is still trading at a low PE ratio with significant growth potential as they increase their online presence and ad revenues.
Don't forget Luxor still have 6m shares to buy back as well!
Adam, I think what your are looking at is Trade Receivables due in excess of 1 year. This has indeed sky rocketed because of the large claim settlement which was reported on 15th Sept and has a very prolonged repayment schedule. Mano have stated this is not the norm and hopefully that was evidenced by the second large case completion.
I'm not hot on accounting practices and reading through the Manolete reports gives me a headache in truth. But my simplistic view is that as they are growing, Mano are investing in twice as many cases as they win each year. Each cases closes in approx 1 year and they then receive the cash from that case a year later. I.e the cash they receive this year will generally be from the cases invested in two years ago. That means they're receiving cash from a quarter of the number of cases that they're investing in. So you'd expect them to burn through cash.
Fast forward a couple of years and I believe the number of cases they invest in vs the number they close will be closer to 1:1. Given the average return on investment per case, there will be no shortage of cash.
However, if they elect to keep growing at the same rate as they are now (further recruitment needed) then I agree with Lucretuis, a placing may be needed. I also agree regarding the dividend, it has been paid with debt and wasn't really needed at this stage in the company's growth.