We would love to hear your thoughts about our site and services, please take our survey here.
Share dilution to raise capital to grow the business can raise the SP in the long run
Centamin – Do Ya Feel Lucky, Punk?
https://www.*************.com/views/52246/centamin-do-ya-feel-lucky-punk
Jarv - Thanks for the explaination.
Another one - why is BRH not moving up with the same speed?
Starting to move!
Any news on asset purchase?
A great post by StartBright in another thread IMO, beware the people trying to influence you, go with the ones that discuss the business, rather than the top again brigade, blue day today, its going to happen this week, rocket ship, etc. etc.
Here's his post:
The share price movement over the last 6 weeks has little if anything to do with the actions of market makers, whose influence over anything but very short periods is minimal. They fulfil a useful role as bogeymen here on LSE, but don't pay too much attention to the endless drivel about evil hyaenas who are trying to steal your shares. It really is just that - drivel.
In many ways, market makers are better thought of as price-takers than price-setters. Their interest and incentives lie in standing where the greatest flow of transactions will take place. They thrive when pricing and sentiment is such that both buyers and sellers are prepared to transact. Theirs is a flow business not a return business, despite what you read here daily,
Holding shares overnight - let alone for extended periods as your question implies - carries costs for market makers. It requires their firms capital to be tied up, and risk capital is still costly. Look at the names involved - these are not deeply capitalised business with significant risk appetite. In many cases quite the opposite. Their interests lie in exposing the minimum amount of their capital to risk whilst standing in the way of the greatest volume of transactions. To do this they flow like water to wherever the busy balance is found. Only occasionally are they minded and capable of driving pricing for their own account.
Your experience over 6 weeks is more likely an outcome of the timing of your buys relative to prevailing sentiment. Those who've bought when buying was unpopular during that period have likely done well, those who bought on positive sentiment less well. ODX's sp has been moving by about +/- 5% per day during the period in question, so plenty of scope to have got your timing right, or wrong. Plenty of scope to have been lucky or unlucky too!
Decent RNS's are confirmation of news that is generally priced in. You can't wait for RNS's to confirm what you hope to hear because the more likely the desired news becomes, the greater the extent to which it is priced in. When you read hear that a share has been "de-risked", it is safe to assume that any anticipated returns have been priced in, so "de-returned" may be a better phrase.
If you believe that CV will be with us for an extended period, and that testing will be a key component of our response then risking some of your capital funding companies involved in the development and manufacture of tests is a valid course of action, and you should stick with it.