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Good day, nice volume, consolidating the recent rise. Only a matter of time ebfore this shoots off again, happy to be patient.
Have re-set my target for selling to about £3, gap to fill now up to about £3.10
i would be surprised if they hold back negatives, they're obliged to inform if affects the results materially. in terms of next year as well, who wants to get the ship oving again and then drop a load of ****e on the market, i suspect it's already out fresh start.
that said i still don't plan to hold until april.
I think a lot of these are matched trades and delayed, taking a chunk from a big seller and matching to a big buyer.
You have to appreciate the time the trade is printed is not necessarily the time it was actioned, also if it's being filled or sold all day in multiple transactions that can affect the time its printed and the spread it is within.
The reality is there's big buyers and sellers holding the price down as there has been for weeks, but the share is going in the right direction.
EXPECT A STRONG CLOSE
Not conviced all sells or all buys, guessing large seller still in Blackrock but also large buyers too. Trades are being matched to get them through, and it's currently holding the SP where it is. Very happy though, at any point this coiled spring is going to jump.
Can see the placing shares dragging this back below 0.25p.
PI cash alone is going to struggle to shift it
You don't know it isn't a duster. We will find that out in a few weeks.
You are right about them pushing the RNS boundaries, they've ramped it as hard as they can without making it possible for them to have broken rules if it dusts.
A rampy RNS.
This is a not a commercial discovery, just a rsampy RNS to help the shift the placing shares. And that's the same rhetoric I've always said.
IF there's a commercial discovery I WILL CONGRATULATE and admit I was wrong, until then the game is still in play. I just genuinely hope there is and mpre people don't get spiked on this dog.
I always said if the placing shares were not flipped this RNS would be rampy, truthfully I didn't expect it to be THIS rampy.
Enjoy the day, use it as a good exit, feel sorry for others coming in on a new spike. I can't see them letting this SP go too crazy as if it does after the placing shares go they'll just do another raise pre results.
The RNS is a great ramp, but there's still limited chance of a commercial discovery. And unfortunately due to the company’s history and track record, it’s only going to be unseasoned PI’s buying in NOT II’s as they’ll see through the guff.
Time will tell, time always tell. Just be careful
'high royalty' 3rd party games..
2 key points from this RNS that make it better than just a repeat:
A - This share was priced for more doom, talk of bad news comes in 3's etc. The feeling now could very well be the last RNS was a kitchen sink job, and not even a very big one.
B - They said 'particularly team 17 label games'. One of the key points in the last update was that the high margin 3rd party games had dominated the sales, they've made a point here that Team 17 label games performaed well over the period. Which equals better margins, more profit, and potentially continued momentum into the new year.
They may be marked as that but it's impossible as there hasn't been the volume above the strike price of £2.12 to warrant it UNLESS there's huge buys to be printed out of hours.
Likely worked buys since Friday, hence the SP went mental last week.
Buys just printed
Understanding is the opposite, usually the spread is wide when they want to discourage sellers as they have lots of stock. As the stock availability reduced the dspread tightens before moving up. But I may be wrong.
Good if it was bad ha, but we're not quite there yet, still 6 dauys left in Jan. I hope they dont unless good ha
Price action seems different today than it has been, very low volume but great movement. Spread's super tight now, interesting to see if it moves into a £2.15 - £2.20 range or £2.15 - £2.25. Tighter spread indicates there's less share availability now and there's been loads.
Looks ready to bust through to the next range already with any volume
Did they realise it was a lost cause and cut their losses
Is the funder is still trying to offload the £8million placing shares into PI hands, so then they can release the duster statement and all the PI's lose their cash.
If they dont let the placing shares be flipped their chances of further funding are ZERO.
If this starts to move quickly, I would be evry cautios as it could be either the placing shares gone and then bad update next day OR a ploy just to let some vol;ume biuld up then they'll sell it back down.
Good luck guys, but this looks in dodgy territty now
Was all a bit sudden the other day, but that was a nice pull back that was needed, shofted some more stock and moving back up.
Let's see if we can break into the £.10 - £2.20p range tomorrow, fingers crossed the black rock release of shares was just one client and it's all done.
Yes it certainly has been, and I guess a small breather was going to be required, I just hope the amount blackrock have to sell isn't too large.
My short term target was £2.50 ish and that's where I will exit with one tranche, but if blackrock start selling loads and it gets depressed I may revisit as I was looking at this as a rebound trade as opposed to hold for result.
I have 2 tranches one at a £1.87 average that I will sell at £2.50
And one well udnerwater at an average of £3.60 (this is through a company with bus partner)
Both pretty small, not loads of skin in the game financially, it's more to keep me sane as a hobby as opposed to make a future for myself.