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Unsurprisingly institutional investors are looking to increase there position here, the results continue to impress and the share price lags, it's great news for investors who are still doing their due diligence and research. The lack of activity in the chat is indicative of the fact that the market isn't currently awake to the severity of the opportunity here.
You don't know what my background is plus I've been out of university for years, I also happen to be a professional. It's embarrassing to see some of the chat, none of the traders on here who shout there position whether they are long or short state their position with justification. I'm simply pointing that out. If people can day trade and make a profit without a strong quants team and hyper powerful algorithmic trading software then they are purely an anomaly or it's not been long enough for them too lose it all. Time horizons do have an impact just as broker fees do. I'm not on a high horse, it just happens that I know IMM very well, I've been here for 7 years and I've seen a lot on AIM but also happen to a significant amount about investment strategy. Most on here don't have an idea and are essentially playing roulette while others are blatantly attempting to pump and dump. I'll say what I like and it's for people to make up their minds.
I've backed up my bashing of day traders, I'm not making claims to know whether it's breaks certain prices levels. It may it 40 it may hit 80, there's just no way of knowing. Don't get salty because I'm having a go at retail day trading.
Let's be clear, I'm not putting any specific numbers out there, I've followed IMM for years and the share has been pumped and dumped a couple of times and generally drifts on no news. They also don't put out RNSs for fun so don't expect much information unless something is certain. FYI I invested around �1.5k and cashed out under �2.5k, not trying to play myself off as some big shot , couldn't care less. It was money I needed to rent with.
I'm not a university student anymore, in fact I've spent the last 7-8 years studying the likes of Benjamin Graham, Seth Klarman and Warren Buffet. It's okay to try and undermine folks but you better come prepared with some info and justification for your position.
You're completely clueless, I'm not even a trader. I'm an investor who held here when I was 18-19, I sold at a decent profit to pay for university costs and only started following progress recently. I have no position but reading the garbage on here makes me laugh.
Reading all the comments on here from day traders makes me laugh. 100% of you guys haven't got a clue what you're talking about. Most of the time your predictions are wrong, whether it's short or long you're all clueless about what's going to happen in the next 30 mins unless you can create enough buzz on here to pump and dump. This is going sideways for a bit while the traders line the pockets of their brokers and then probably south until any further announcement.
My issue with IMM is that it is now going to be used as an awful day trading vehicle due to volatility with many real investors cashing out at any sight of 50p which will inevitably send it back down. Based on current market information the companies future doesn't look too bright but the conversations on here about trading do only one thing, they encourage wild speculation and payment of high fees to brokers. Retail day traders can't beat the market, it's a well known fact and yet so many delusional people on here give the impression they know what's happening.
Really want the share price to drop a little, which could happen with a few small sells. I'm keen to load up on more shares.
I shall be carrying out further analysis once I get a chance to really read the entirety of the results. I'm hoping the price falls back in the next few days as I'm keen to continue building my holdings here. It's slightly selfish but with a holding horizon of 3-5 years I'm not an investor who thinks much about the sale price. My portfolio diversification preference is 6 equities so I'll be focusing on building positions and only really selling if the price suddenly reflects fair value or if it's efficient to recognise my gains and other opportunities are better value. Unfortunately on an absolute term there aren't many true value opportunities out there at the moment, leading to a general scenario of me sitting on dry powder( undeployed capital).
The results are in and the numbers look great on a headline basis, in fact they have come in stronger than I anticipated. I'm revising my valuation to around 100p a share in terms of fair value. It's so quiet but I expect savvy investors to pick up on the results and accelerate the buying and the price will easily climb here for a while.
The movement upwards has been on relatively small volume. The obvious indication for this is relatively infrequent trading and a small amount of share in float. Now if we look at the fundamentals this stock in comparison to the sector is discounted significantly based on current earnings, the result is strong dividend returns. I picked this stock out 5 years ago as a value investors portfolio pick along with 6-8 other stocks. Almost all the others have either gone 2-3x or been acquired at a premium. This is the only of the shares which remains essentially flat. Today I believe this is extreme value for investors with dividends set to increase further and long term earning looking strong as brexit fears continue to fizzle out. As soon as retail investors look at this through the lense of value investing rather than punting their money on an speculative bio or oil field this will be heading towards 80-90p and possibly beyond on strong earnings.
Hi Stockboy, What I like is that the discussion board is also quiet. It's not traded much and continues to absolutely great value. I'm look at building a portfolio over the next 25 years and am interested in compounded returns of 15-25%. Grand targets indeed but in this kind of a bull market where there aren't many value investments around TMMG stands out for the savvy investor. I'm in no rush to sell and will only realise my position once it hits intrinsic value or 90% of it at least. In the mean time I'll be looking for other value opportunities. What strategy are you implementing for your stock discovery and due diligence if you don't mind me asking?
Hi All, I've just started to build my position in TMMG. It's a company I recommended as part of my value analysis portfolio when I was 20 in 2013. At that time I had a 5 year horizon for my investments and this is the only stock which still fits that criteria. Almost all the others have risen between 100-400% and simply don't fit under a value investment. What's great is this company has grown both revenue, underlying profit and net free cash flow and ramped up the dividends while the share price remains stagnant. It's definitely lagging sector P/e by as much as a factor of a 0.5x, the MCap at below 40 million is too low given the strengthening balance sheet and predicted growth. I'm calling this as a buy with solid dividends yield with minimal downside risk and share price target of 75p. It's a real value investors dream given the lack of interest and volume even in a bull market.