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Well they have issued the RNS, but it is the wrong one for you guys . No towel in sight.
are getting really carried away with yourselves , very triumphant Two things are missing here , where are the dancing girls ( yes I know they are on another website) The other thing missing here is an RNS from the company throwing in the towel. Until then I would cool down all the self congratulation . Save it for the RNS.
downbutnotout. Broken 34 next stop 32p or lower depending on markets . So it is nothing to do with Globo fundamentals !!! What sort of idiocy is this ? Market down today Globo above 34. You appear very confident in your analysis, please explain the anomaly .
Utterly pointless issuing an RNS. This is a glowing endorsement of a Globo product, so the "market" will undoubtedly go into free fall. What a joke, as I have stated before this market is not fit for purpose.
Jolly, as per usual you are pedaling the snake oil .1) " no point in fighting the trend " ( so please give up and sell your shares ) 2 " no reward without risk ". What exactly does all this this mean ? In the first instance you are saying follow the crowd , which is absolutely a guaranteed route to disaster . In the second instance you are contradicting yourself . You mostly have a reasonably clear standpoint , please make up your mind , you are letting yourself down .
In answer to your question does capitalism have principles ?No capitalism does not have principles . In fact when they bailed out the banks and started printing money it ceased to exist.
Hi jolly , quite here because nothing we put into print will effect the sp which is being impacted by much more powerful forces than our measly words. I find your comment " GBO's sp is in critical state ( perhaps even the business is ", very interesting. Is this a rare admission from you that the sp is not reflecting reality ? The use of the word perhaps would certainly indicate this. Surely the sp is supposed to reflect the fundamentals of the business in this instance you appear to be stating that it does not. Obviously much hinges on on any large acquisitions ,but you are not crediting the companies very successful experience / track record as a result of the purchase of Notify & Sourcebits ( admittedly smaller ) in the US. This is a high growth company the use of junk debt is not out of the question. the multiplier effect of a successful acquisition would be a game changer . They have not even made an announcement of a purchase yet , but the sp reflects a dumb acquisition . Costis has a great track record it is highly unlikely that he will make a drastic mistake
I find it very illuminating when a share takes instantaneous dips and equally immediate recovery , as instanced today at 1300 & 1455 hours. Nobody would assume that these movements were spontaneous they are indicative of a share being manoeuvred down by tripping stop losses. Shorters are aware that some investors buy or sell on technicals so they are desperate for further falls . they have failed we finished level.
Not a sucker. This has been the routine exercise in squeezing out weak holders before the results .
You appear to have misread the rns. They reduced by approx 3m. I read nothing sinister in that.
Hello Upper. Possibly we are misunderstanding each other, but you appear to be under the impression that shorting activity has had no impact on this share. In reply to my post on Friday about shorting Ridingwaves summed it up very nicely when he stated " Shorters suppress natural demand and therefore create an unbalanced market ". That really should not need to be stated as it is absolutely obvious.
Supply and demand only applies on a level playing field , the demand side here has been clamped by all the shorters games. Simples. Makes no difference if you can afford to hang on and add at lows, the shorters have got to buy back eventually.
I am sure that sebwood and Jolly would be the first to defend the thoroughly honourable practice of shorting ,since they obviously attempt to take advantage of it. In reality shorting is is creating market distortions and is probably negatively impacting the real economy. The mere fact that a share is being shorted ,even if the reasons for the shorting are entirely illegitimate will tend to deter potential investors . Whereas the investment houses that indulge in shorting are regulated by the "authorities" they are being piggy backed by assorted shysters and scum who are not regulated. These shysters are free to do their very best to spread fear and consternation to fleece their own nest . This is inherently unfair. Shorting is a bizarre concept , why is it possible to sell something that you do not own ? i am sure that if I set up a system to short the governments beloved housing market and sold short a shed load of frothy London properties the "authorities " would rapidly put a stop to it . Indeed I believe they banned the shorting of banks during the peak of our recent ( and continuing ) financial crisis, so they are very selective in what they allow. How many small and medium sized companies are there that are looking for finance to expand and create employment ? They have the choice of the banks that are very unlikely to assist in the present environment or perhaps a listing .The primary function of the market is after all to raise funds . They will take a look at the negative implications of a listing as exampled by all the shorting and decide that the market is not fit for purpose, so further enterprise and employment is put on hold. Jolly you state that doubts expressed by your mate TW over QPP were not misplaced . Think again,they were the best part of a billion $ misplaced . The man is a complete buffoon.
This share normally dips or trades sideways between the trading update and the actual results in September . This is all entirely normal and (yawn ) expected. The only way the shorters can win is if they can entice some volume selling Jolly (who I believe claims to be a holder ? ) is on here to assist the shorters in this regard, this is patently obvious.
Thanks for informative post.
Ash, couldn't have put it better myself . Well done.
is so low here the shorters will be able to drop this to whatever they like looking for stop losses. Just a matter of patience and targeted buys at potential lows.
I would echo MRBB. Isechat your time and effort is much appreciated . Most certainly makes our present valuation look silly.
Of course there is room for intelligent discussion. But there is not much point in it when the share is being manipulated. I take it that there is a general acceptance of my assertion that the sp is being manipulated because nobody has tried to deny it.
You are dead right there are plenty of posters on here spouting things like --- "high risk" "where is the cash" "no dividends " no fcf " " i have lost confidence" "auditors quit" " no management track record " ( that's a beaut ) "grexit " " cash in junk banks" Some of them even have the gall to claim that they are long term holders , they must think we are simpletons . They spout all the above to imply that they are illuminating the reason for the sp fall whilst studiously avoiding the use of two words - - blatant and manipulation --- which would explain the true reason for the fall. On the 10th June we reached the dizzy high of 62.2 on exactly that same day ennisless increased their short position to 2.86 and the sp starts to fall , coincidence ? (lol) .The board then fills up with the above spouters , coincidence? (lol). The sp continues to get marched down particularly in the final hour of the days trading, and especially in the final two minutes . This trading pattern can only be explained by blatant manipulation especially as throughout ennisless have been steadily increasing their short positions , coincidence ? (lol) It is about time for the spouters ( and they know who they are ) to explain the reason for the above trading pattern whilst avoiding the use of the words blatant and manipulation , but of course they wont because they are trying to avoid the subject.