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When you've seen such a sustained drop for so long it's difficult to be brave enough to buy more, no matter how much you believe in the Company and the Products, regardless of how attractive the price looks.
I did buy some more at 118p but like you I wish I'd shown more confidence in my convictions and really pushed the boat out.
I can see it now….
Itaconix - A Division of Unilever
We're finally seeing the reverse of what I've witnessed for the last year (or even 2!)
It's been soul destroying watching individual trades move the SP down day after day. A large sustained drop on minimal volume.
Today is good to see. Every meaningful buy - and it's impossible to buy in quantity so 2 or 3 thousand pounds worth is meaningful - sees the SP move up. Who knows where the ceiling is. A very long way north of here I feel.
Well the breather didn't last long, moving on up. ITX must be real fit ;-)
The market seems to have forgotten that it trashed the SP by 30% the last time the CMA opened its mouth. It's also forgotten that a significant percentage of CVSs business isn't even in the UK.
Oh well, it's a great buying opportunity for shares in a great Company.
I agree. 888 have only 2 options, they need to increase shareholder value quickly and that can only be through a significant increase in the SP or by accepting a bid. The rumour-mill continually suggests they're fending them off. They can't do that for much longer.
The SP has a very long way to go but it will get there.
The market has been very unfair to ITX over the last 18 month, but it looks as though it's finally recognising the potential and the balance sheet is looking stronger too.
The next 12 months should be very interesting.
We'll soon find out...
Someone's buying and way above the ask. Leaky me thinks.
They are alright. Crazy selling today. This is only a CMA announcement closing the enquiry away from 2200 again.
...is also joining the board as a non-exec at ValiRx (Val).
Brave fella. That is a basket case of a company with an ineffective CEO and a very unhappy shareholder base.
Looking to Divest their Diagnostics business. Well what an utterly crap decision that was.
The most amateur investor could have told them it was a stupid idea.
Placing at 50p.
Thoughts? Time to add or just be irked?
In demand I'd say 8-10p per share is true value.
But if key shareholders are now pressuring management to pursue an 'exit' then more likely 4-5p.
About time.
They’ve had more than long enough to grow a meaningful and profitable business. It’s time to create some share holder value by selling up.
Is he really still spouting that Questionable Business Model crap. Really!
HVO has nearly no competition, its clients are the biggest Pharmas in the world, they pay the majority of the fee up front, they make a profit and now pay a dividend.
What the hell is their questionable about that. Unbelievable Jeff.
It'll be back no doubt and beyond, it doesn't take much to move share prices up and down on AIM (unfortunately).
The story at the end of the day will be the same - sold, probably to PE - but who knows by what route it'll get there. You just have to make a few extra pounds (or shares) on the roller coaster in the meantime. Whatever I took out on the way up will go back in as it falls
Still a great Company. Nothings changed. JPM didn't invest up to 29p to lose money.
Interesting. AA is anything but predictable, other than his predictability in finding a deal somewhere.
Stick around if you can.
Also btw, trading platforms make it simple for you to buy and sell shares in any quantities (if the liquidity exists) at any time, but it isn't the only way. It's just the easy way.
You can make a direct approach to any shareholder (CF has a few shares left over) and make them any offer at any price. It's not the preserve of IIs doing it that way.
The irony here is that today you can get a better deal on 10 shares than they got yesterday on millions.