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I’d be disappointed with 1.2p as a final dividend. Company doing well according to the last trading update, debt free and sat on a stack of cash. I’m hoping for more than 1.2 p.
I’m guessing finger trouble on a trade. Probably get cancelled.
Bluebelly - you stated:
This is a low point and I believe the FTSE delisting news has been known about in certain circle. It's now out in the open and we should reverse the downtrend and end an awful 6 months
I fully agree. I think with things like this the planning takes months and the market knows all about it. There’s a slow grind down of the SP ahead of the announcement to PIs who then panic and head for the exit , just when those in the know then move back in.
In the long run I see this as a good move but we’ve had to go through months of pain while the planning was done.
Definitely a credibility issue here.
Very little of what has been announced recently is being priced in and everything the company does is being met with cynicism. Even director buys announced today are dismissed, even though PIs have been continuously asking why they don’t invest.
One day the tide will turn but changing sentiment is a lengthy process after years of disappointment and justified scepticism.
Except every time there is an announcement that could take the SP higher, it gets knocked back by the inevitable placing. Cut that out and maybe the SP will relate otherwise it’ll be a slow interminable crawl to get anywhere near double figures.
Broker targets aren’t worth Jack in my opinion.
There was quite a few times when Fooler mentioned things ‘moving right’ , meaning timescales shifting out.
I think , when he spoke about financials he said something along the lines of ‘if we don’t make 2021, he’s much more optimistic about 2022’.
It was implied quite a bit that certain things would have to come in to make the 2021 numbers, which they might , but they might be 2022 instead. This ‘right shifting’ again.
Personally, I think 2022 numbers are more likely to be hit than this years. Some things that don’t sneak in will fall in to 2022 so that could be the bumper year.
On a separate point - this notion that they think the SP could hit 26p from the CFO. That would require a 5 fold increase in SP - potential but highly unlikely. The other thing it would require is the number of shares in issue doesn’t rise - I’d say that is practically impossible for this BoD.
Let’s hope Fooler gives a clear and unambiguous update on DRC and the whole ratification issue. As previously stated, there’s always something left unfinished with a Fooler contract which holds the SP back. Market wants certainty not obfuscation.
Yrabs - to be fair, this will be traders. Pumped over the last few days, sell whatever the news, buy in lower.
Other than RNS’s out of the blue, any diary day is a chance to trigger some activity. Traders want active days to get in or out.
Always disappointing to see. Makes it look like twitterati positive vibes is purely to walk up the price for somebody’s next exit. So many times there’ll be talk of much higher SP only to see them taking the exit much earlier and lower.
Being slowly and deliberately walked down. Traders will wait for the ‘**** drop’ before piling in for the next bounce.
All part of the contempt Fooler has for shareholders.
The instos won’t be bothered and will no doubt be fully appraised of the situation but everyone else is not deserving of information concerning THEIR company other than when the placing bucket needs replenishing.