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Bit odd...the website is down http://truspine.org/
Ha that's good to know...you'll get a sold returnn on this £45k, well done.
Let's see, certainly looks to be holding so far :-) Just a bit of patience here, good on you if you can get in at 67p, even at 72/73 it's a great price for a buy and hold approach...still got my eyes on all time highs of 180p
That's us at the base of of the weekly channel that we've been running in since November, would expect to see a bounce backup from here. A good time to get in or top up.
Strong Buy rating on TradingView today :-)
After the lows of Mon/Tues a nice build back up towards end of the week. The weekly looks good, with a sign that we'll now see a bounce of the 50 day moving average and continue the positive trend towards 100+. There was a good chance this week to pick up in the low 70s with a trading through to high 90s. Patience as ever is key here, the medium/long term outlook is good.
I want to love this biz, already lost £10k after selling a slice, but god this is slack...are they smoking it or selling it?
I think we have to have our eyes on all time highs as a longer term target, with continued positive newsfeed I see this breaking 185 within a couple years. On a medium term 140 and in the nearish future the gap of 83 - 102 to be filled. But I still see a pull back over the coming weeks, most likely after the ex-div date on 1 July, so any purchasing firepower would be worth being patient for a decent entry in high 60s / low 70s especially if you believe major market dip is on the near term horizon (I do).
Coming out of Covid looking strong - multichannel strategy moving forward at a pace, savings generated by closing leases on 90 branch offices, increase in more profitable digital loan book, competition decreasing & under pressure ("Last man standing"), growth in new customers with quality focused loan book...a great business in the right place at right time.
A long term hold for me, so weekly chart gives a great picture...the daily is interesting as there's a clear gap 83p - 102p with an expectation to fill. Ex dividend 1 July may see volumes increase in run up, 2p divi, will be paid in 1 month with a fall back after the 1 July. New buy in target for me is 68p if it falls back in short term. Longer term, if this positive channel continues then 120p by October.
Weekly chart is a thing to behold, a perfect upward channel from 16 Nov...steady she goes, all progressing nicely. Maybe maybe mid-80s by mid-June if 13 May results are well received. GLA :-)
3 times the average volume today and price doesn't change...bit odd but has held nicely above 50 last couple weeks. There's a channel the price has been siting in since end Nov 2020 and we're currently sitting at bottom, see this building momentum over next 6 weeks as we aim towards (ahead of market expectation) results on 13 May. If we stay in the previously mentioned channel the high at results day is 81p / 57%+. Good luck all, our time is coming :-)
https://www.investegate.co.uk/morses-club-plc--mcl-/rns/trading-update/202103040700050950R/
Bang on: "we anticipate that Group profit before tax for FY21 will be ahead of current market expectations. Morses Club intends to pay a dividend for FY21, demonstrating its confidence in the Group's prospects"
Why is anyone selling?!
Ouch that was a tough end to the day! I think we've seen a lot of short term traders take the breakout around 19th Feb and hold through until 9th March which created a bit of downwards pressure. Drop in some poor sector news from Provident and MCL is guilty by association rather than the facts. This is a great business with lots going for it - earnings exceeding expectations, strong team, digital offering rapidly growing, decline in competitors & decent divi. On the bright side another chance to buy in sub-60p :-) Good luck all, see you at 150!
A bit surprised FFWD aren't in on this (yet)
Interesting...from December 27, 2019
That's a useful link thanks...I see it's dated 25 Aug 2020, wonder how long it took to submit registration. The global sales lady suggested we'd see it released this year (with a fair wind).
Wow...it's lively in here! I like this stock. A few things that have encouraged me to invest:
- Switched on sharp widely experienced team, many with a holding in the business (not all huge but better than nowt)
- Approaching breakeven, based on ongoing income from 'food supplement' type products and medicinal prescription biz in AUZ
-£6.5m funding from LSE to get through to breakeven stage and invest further in R&D
- Evidence of nibble mgmt team through development of covid treatment, ArtemiC should be cleared for sale later this year. Even with vaccine, there will still be many cases of C-19, 75% uptake in UK amongst older population, likely to fall as goes through younger years.
- Approval for a large site in Malta to produce initially ArtemiC followed by CBD medicines once approved. 80% funded by Malta biz dev.
- Time flows look OK, 2021 maybe get some ArtemiC sales, 2023 launch of CannEpil (Epilepsy), 2026 CogniCann (Dementia)
- Lots of catalysts to boost share price on the way to the above, phase 2 & 3 approvals etc etc
- Great links to academic world for further research on ongoing new product pipeline
- If you dream a little you can look at GW Pharma buyout at $7.2bn, based on rev of £330m. similar space with key product a CBD treatment for epilepsy https://www.bloomberg.com/news/articles/2021-02-03/jazz-pharmaceuticals-to-buy-gw-for-7-2-billion-in-cash-stock
- Epilepsy and Dementia/Alzheimer's markets chunky (12.9bn global) and ($40bn global)
Sure there's some risk, but at this current price , the RR looks appealing.
Good luck all
PS if you're into charts, a strong bullish engulfing on the daily today suggest we will see further upside over the coming days...a bit of news and some support from our auzzie friends will do this the world of good. We have to be targeting the previous daily high of 7.4p in the nearish future.
Yup a good long term hold here for many, I decided to buy a bit more today as freed up some cash from offloading part of boohoo holding. Here we are seeing some decent momentum and positive news flow. I have a comment made by CEO Paul Smith in one of the investor videos a few months back ringing in my head, he was asked about share price and made an off the cuff comment about getting it back to over 150, I really do think we'll see this over next 12-18 months, a cracking return along with some decent divi's.
In terms of charts we've been in a nice upwards channel since 25 Nov 2020. We're currently sitting in the top of this channel, so we may see some pullback over the next few weeks as the SP builds to break the two key resistance levels of 74 and 80. The price is running ahead of the FTSE250 since 17 Feb and above 20EMA, if it can stay here then we'll see on ongoing upward trend. March could be a bit rough across the markets so there still might be a buy in opportunity in the high 50s if you're feeling lucky and not too keen to get in (this is a gamble I'm not willing to take). Beyond this if we can break these two resistance points then we should be on a decent roll through to the gap fill between 83 and 104.
Good luck all...here's to 150 :0-)
Rockets et al....well done, plenty more here :-)