Member Info for trader-mick

Just proves you should never bail when it's drifting on low volumes because when it turns it can claw back weeks of losses in a few minutes, made a cup of tea and in that time it jumps from 21p to 24p bid, highly illiquid stock

Amazing how quickly it can turn and how little stock there is out there. Looks like the mm's were happy to walk it down so long as every trade was a sale but when the buyers return they quickly ran for cover.

Yes the smart nibbles as others move on, agree buying around 20p is a great price, it's amazing how many Aim stocks become flavour of the day yet become so dead so quickly. I'm happy to build a position again at these levels ahead of the next spike.

Unless they extend it, it's not a bad deal, yes the current offer is between 10 and 15% higher so we might see some buying tomorrow so people can get the cheaper stock and with the business making great steps forward the money raised can reduce liabilities more if they want. Either way it's a win win. The sellers are people who bought for a quick buck on Friday who cannot bare to keep their money in one stock for more than a day. Those who can hold in 2017 should see 50-100% even more this year given the tiny market cap.

On here and twitter came and went but this stock is worth holding given the low market cap and massive improvement in profits and fundamentals.

On here as the hot money arrived and quickly went, but if they meet their broker forcasts they could be one of the cheapest plays on Aim. For year ending April 2017 they go for EPS of 2.6p so PER of 3 certain upside from 7.5p for sure.

Has been flipped already now. Now it's back to mm's v punters hence it spiked up to 0.25p briefly on Friday and could easily do it again, while I'm no bull of the company you still have to take advantage of trading opportunities here and if people can chase this up to 1.09p offer recently they most certainly will not have no issues paying 0.3p next week so 0.22p still gives a possible upside of 30-40%....it's a mad stock...

Hey I'm not fussed over them, still have some more, just playing safe and banking a profit, it's going to be all over the place this morning, great recovery atm

You compare this set of results, with the 2015 numbers there is huge/massive improvements. In 2015 accounts the debt was 702 million (CNY), now it's 80 mil, yes it's not changed from the summer 2016 but clearly if they want to pay debt they have the ability to wipe out large sums of it quickly. Losses were 323 mil which must have included a lot of write-offs butt 18 mil profits CNY is again a massive turnaround Cash seems to jump up and down large amounts given the size of the business but there has been no fundraising's I can see so that is some drop in the debt and some turnaround in the profits so given it was a tiny market cap before today's news you can understand the reaction today. I'm not going to predict tomorrow, it's never easy after such a correction today but each to their own if people want to trade it good luck or take profits or whatever because this will be volatile tomorrow.

For once I did the right thing. I took a whopping loss on a share that has gone nowhere for ages. Normally I would sit here stubbornly refusing to chase a spike but this time I though hang on this is still very cheap so on the next shake I will buy in which happens to be sub 24p, and it closes 33.5-36p so on paper I have got back all my losses on the dead stock. Never done this before I'm usually a bottom fisher but I'm sick of watching stock shoot up and then go up another 100%, difference here is there is fundamentals to back it up. Now tomorrow there should be a mark up a chase then profit taking, after that who knows what it will do so good luck to those that play

All guesswork for me at this stage re the EPS, have to look later, how have you arrived at 18p, really hope it is :-))...surely not, if it was the price would go stupid !

Like all spike stocks the mm will let you buy after they have pushed it higher but not let you buy after a shake, it's tricky situation to be in if you are not holding, that is the gamble

N/T to buy again at 26.5p luanorte, do not think the EPS is 18p, wish it was :-))....given how much debt they have paid down in that statement they could easily be debt free this year, it might be a spike job but there should be legs for a re-rating to this year so if it does not go mental it will be worth holding, it's not some pile of rubbish like FITB that rises 100-500% then loses it again, this is just the start of a fair rating

Borrowings are slightly above their cash levels luanorte hence this needs to re-rate, another spell of consolidation before the push when people want to play before the close and press and overnight enthusiasm

Usual pattern is spike, consolidate then hit new high then drop a bit consolidate then hit a new high, if it breaks 30p later on then it could easily rush to 40p, on the last shake I tried to buy more but mm's would let you sell only which is normally a sign they are going to take it higher later

It's almost 30p now, if each shake it met with new buyers it could well keep going, just like FITB except this has numbers to match the higher valuation so there could be a rapid correction, try not to get shook out to early.

Guessing if cash almost covered liabilities which is done and adopted a PER of 10 that would give 20 mil cap or 60p so there is value at these levels despite the price hike already. FITB when it did 100% just carried on a went mental so I've gambled a few quid this happens here too

Market cap around 8 mil, cash 6.4 mil, liabilities/debt 9 mil, profits 2 mil, not bad....

What about the liabilities, is everybody ignoring them ?

The pump and dumpers did vanish, anybody got the NMS for this, just noticed all they will give me online is 500 shares at 17.1p so there is clearly a squeeze but can you get any size here ?