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Regular 10k dumps pushing this down today. Someone offloading.
For one thing - the year end results are audited, not sure that’s the same scrutiny for interims. Buys them 6 more months before the finances get forensically assessed.
Don’t understand why nobody is salivating here. Fooler stated he’s moving the date so as to include the fortunes that are coming through in early 24. He wouldn’t do it if it weren’t true , surely ? Might as well take the 500k now given the riches due to flow in the first half next year , and thereafter.
I can see why punters are piling in here today - hold on to those golden tickets as this is going all the way to 1.5p !
I think the best you can say is it looks like they’ll get through another year without issuing more shares.
Got to be running on fumes now and the likelihood of any contract progress seems minimal despite what Fooler has said this year …… and last year…… and the year before.
A couple of chunky sells in the last hour , hopefully to feed further demand.
Another leak ?
If Bob was still in charge I feel pretty sure we’d have an RNS first thing. It’ll be interesting to see on comms strategy with current BoD.
I sometimes wonder how much companies are bothered about the SP and therefore implied company valuation. Once a company is floated - usually at a much higher SP and capitalisation - unless they need to raise funds again, do they just accept that the market will do what it wants with the SP. There are many companies whose market cap would seem to be way off compared to performance. We’ve seen it last week where Mars have valued Hotel Chocolat not on the basis of the SP but clearly on other factors which has led to a takeover proposal significantly higher than the market cap derived from a depressed SP.
Seems to be the case that LSE is becoming recognised as being noted for low company valuations which is why talk is of more companies looking at listing elsewhere. Whilst city traders may get rich from playing company SP’s to the downside it may well come at a cost when the LSE is seen as a third rate market.
I read it as 3rd Nov - so fairly recent. Not too sure what they’re up to though as they moved holding around only a couple of weeks ago.
I’m cautious ahead of tomorrow. This is a traders share with the price capable of wild swings based on the whim of the herd. Given this has risen nearly 30% over the last couple of weeks , any negativity could be used to hit this down hard. Similarly if the traders feel it can be pushed higher then it may well surge. I can’t see a steady day with little change either way , that’s for sure.
I doubt there’s been any leak - this is the city fast money moving in ahead of Tuesday.
Update will be key, any slight negative and the herd will move out just as quick as it’s come in and the price will take a disproportionate hit. If it’s positive then more of the herd could move in and drive this higher.
Guessing there’s a monthly volume cap on the buyback hence why it stopped before the end of October and then started again on the 1st. Hopefully steady progress to report at the end of the month will get this out of the doldrums.
Are we due the interims this month and would we get a notice RNS beforehand ?
Market flying today and still zero interest here. BOD gone AWOL.
Looks like a bit of internal shuffling within UBS. 2 disposals and 2 acquisitions, the acquisitions being in the name of the UBS London branch. Net result is very minimal change in holding but in a different name.
It’ll be market makers taking any big sells and depressing the price. Once the selling stops they’ll look to move them on at higher price. Hopefully soon.
Makes you wonder sometimes why companies now are still keen to IPO. It’s effectively like selling your sole to the devil - you effectively give your company over to the market and all the sharks and shysters who will use a company SP for their own gain.
Maybe shows why now more larger companies are going to US markets. No guarantee of success but less destructive than selling your sole to the LSE.