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Yes well timed, I see that the ultra predictable shorters have found it necessary to resort to their usual practice of pushing this down at the close.
Agreed . Looks like Jolly is very risk adverse , life and especially investment life can never be gilt edged and set in stone. It is very nice setting precise investment rating values to every variable but it simply does not work. If it works how come the worlds highly rated investment houses and banks supposedly as safe as houses have recently gone belly up ? You pays yer money and takes yer chance . Under the mattress is ultra safe until you drop the fag end.
Smeagol , well said. The auditors are professionals with access to privileged information and they have their reputations to protect . Your final sentence sums it up. Always amuses me when the shorters wave red flags at the " change of auditors " and then do not go on to explain their concerns. The implication is that the new set of auditors are prepared to cook the books for a juicy fee .The shorters are too shallow and gutless to actually say that. The auditors were changed as a result of a competitive tendering exercise, an inconvenient fact ignored by the shorters.
Couldn't agree more. This market is not fit for purpose , which is to enable companies to raise funds for investment and growth. The manipulation here and elsewhere is bringing AIM into disrepute. We have a disconnect between the company fundamentals and an sp which bears no relationship to company announcements .A dysfunctional market. That said , no surprises here though . There is always a concerted effort to push this down between the announcement of impending results and the actual results , just check the charts. The shorters are running out of ideas and becoming too predictable. Same same same.
No rush, I am in here for the long haul. If things get say 10% sillier I will. FormereQuitan's ( wish you guys would come up with simpler names ) post makes a lot of sense.
have I been inflicted with colour blindness that cannot be blue. I doubt if they have finished trying to walk this down . Really couldn't care less they are getting none of my shares.
The last time it was tempting ( almost ) the sp was 46.75. Things must be really looking up.
Google shorttracker.co.uk It can be lucrative to buy shorted shares. I made a few bob on qpp ,all being well on the capital return and TUNG is now in the money. You must not use stop losses though because there is a strong chance your shares will be nicked and you will miss out on the inevitable recovery.
It's anybodies guess whats going on here . Interesting to note though that despite vigorous shorting and associated malfeasance over a prolonged period ,most holders are still in profit or a slight loss. There are few heavily shorted shares on AIM showing the same resilience . There has to be a reason for that. For holders with a sensible time span this is a dead cert.
Looks like your timing has been a bit too exquisite.
Brilliant idea , you say " maybe not " but why not ? It would really shake things up and it is in the direction that Costis has obviously been heading. Just love it ,hope he reads your post.
I am surprised by the amount of volume today. For every buyer their must be a seller and who will sell at this level ? Unless it's the shorters trying to control a rise. Be interesting at the close, if we get the normal last minute ( literally ) drop they are still trying to manipulate. But the longer they hold this back the greater will be the eventual rise.
the way this share always takes a dip at the close of trade ! Could it be manipulation ? Surely not, this is a squeaky clean Great British market it simply can only be free and open trading that is 100% above board . But it is rather weird .
Kowloon I have previously admitted that I know B all about mobile technology and I am sure you have far greater knowledge on the subject than me. Have you read the RNS of the 7th ? Even I can work out that it blasts an enormous hole through your argument. Did you not spot the paragraph that states the cloud is used to serve international offices? There is absolutely no reason, whatever the outcome in Greece for the company to stop using it's very valuable Greek work force in favor of an expensive American one.
Yes , a noble effort though. I see that it has also stymied the ennisless plan for a lower exit point. They have been forced to increase again..
Definition of oracle ----- A place in ancient Greece where a deity was consulted. Presumably consulted on past events because this oracle has 20/20 hindsight. Also covers every eventuality ------- "fundamentals in this company simply do not add up", but it is about to pop back up. Never read such bunkum.
Sorry, forgot to add that if you want a bargain here you are well advised to wait until about 16.28 just before the close that's when they try and khock it back. GLA
I am not surprised by the price drop in the slightest. We have seen this before and are completely immune to it. My post of yesterday at 16.06 explains my position. Technical or fundamental analysis does not apply here because the share is relatively thinly traded and is very easily manipulated as evidenced by the recent increases in short positions. The shorters are trying to take advantage of world events which in reality will have very little impact on GBO's fortunes. In fact the shorters are hostage to world events , they have approx 21m shares to buy back and I cannot envisage where they will be able to obtain them ( that's assuming you believe the figures supplied by the "authorities" ) Next week after the Greek vote might prove interesting.
Hi Copperbelt ,I understand your point but I did point out that the short position was being increased so it would appear that we are in agreement. Also I believe that an open short position will tend to put off punters and have a negative impact particularly on a micro cap AIM share because punters will be wary of buying at any new recent highs and the sp performance over the last year has borne this out. It is all about psychology rather than the company fundamentals which is a shame. Eventually the fundamentals must win out which is why I say patience is required. GLA
The reality here is that ennisless are unwilling to take a loss on their short position so they keep increasing. The mere fact that there is an open short position will be putting a cap on the share price, so we have a standoff . If Costis can land some heavyweight bond investors ,even at expensive terms ennisless will be obliged to close the short and the sp will find its true value. Patience will be required and it should eventually be rewarded.