Mav,
I’ve never really shared my view on the sp movement.
What I would say is that despite the fact that we’ve had some very nice contract wins with hopefully more to come, the market is pricing PFC today because it’s awaiting evidence that it can demonstrate that the margins from these recently won contracts can more than service the (time extended) debt and covenants.
Once more contracts are won, this dilutes in many way the margin aspect, although that’s still an important factor.
After over 6 weeks of an imminent rise on the back of gap filling which is still to materialise, I’ll stick with the macro rather than the technical.
I do believe we’ll see an upward trajectory soon but I won’t come on here and predict its timing until the macro indicators suggest I should, and it will most certainly be on the back of indisputable fact rather than technical predictions, because in my view, the volume of trades doesn’t support most of the TA predictions put forward on here of late.
Just my opinion of course.
Apologies… Janbo.
Jambo, we’ve been filling gaps for countless weeks now with the suggestion that once filled, it’s a signal to move higher, yet the sp has stagnated.
We’re apparently in a consolidation phase now that numerous gap-fills have taken place.
Gotta love this T/A malarkey.
He already has a short, Jace.
He’s expecting it to fall through 2p.
Just another chancer talking his book, but to question the IP indicates a lack of research.
VV
They’re not 1000% better than £4bn profit in the 1st qtr this year.
No problem. I could have PM’d you.
Do you post on ADVFN?
“ think the info would be valuable to the Private Investor.”
Bingo!
This market doesn’t belong to PI’s, never has, never will.
Unless the nominee Company updates Cizzle, there’s nothing the Company can do or say. They’re are reliant on Nominees staying within the regulations. By and large, these large nominee accts stay within the regs.
The same applies to nominee accts. it’s only incumbent on the Company to update the major shareholders list once they’ve been informed. Let’s face it, it couldn’t be any other way…
“Companies should enter into their registers, information received from their nominee shareholders (including any updates) within 7 days after receiving the information.30 Jan 2023”
The reason I asked was perhaps you were aware of something that most weren’t.
From time to time, the Company will declare the number of shares in issue.
When a major shareholder holds 3 percent+ And breaks through this threshold by selling, he must inform the market. Alternatively, if he breaks through the 3% to the upside by a further 1% he must inform the market.
So the upshot is, any + or - 1% above the 3% must be communicated by the holder.
The Company can only update when a holder declares their position. In the absence of such communication, the register stays as it is.
Do you feel that there are gaps in the shareholder holdings list?
I also highlighted a certain poster on here a few months ago that could fall into the sort of twitter tactics that some have suggested.
If you fell for it, tough luck. Learn from your experience.
I personally don’t think it was. I think they had a fiduciary obligation to issue a RNS.
Perhaps I could be missing something here and if so you may be able to put me on the same page.
Tia.
Crikey!
All this whining over £400.
Count yourself lucky so far.
City wire is pants.
The most reliable source is the FCA daily update xls.
If it is the 1.6p subscription seller that I mentioned last week, then there’s no TR1 requirement.
Neil in, I posted words to that effect a couple of days ago.
We’ve certainly got some snowflakes on here.
Given the size of some of the trades, I could be these guys cashing up. Purely speculation on my part, but even at 2.5p, it’s still a healthy profit.
“ Cizzle also announces that it has raised proceeds of £115,586, net of expenses, by way of a subscription for 7,371,557 new ordinary shares in the Company ("Ordinary Shares") at 1.6p per share (the "Issue Price") with existing investors (the "Subscription"), in order to provide funds to be put towards satisfying the Option premium.”