Member Info for Xenor

120m contract was big news. Preferred bidder I know, but confirmation is a formality. I suspect trading updates and such are being held back until after finance. We don't need another "material uncertainty" in the financial results, which would happen if they were released prior to finance.

It wasn't that long ago people were claiming that buying in the mid 20s was bargain prices. Sometimes a share price is low for a reason and as such isn't a bargain.

The link doesn't work, but thanks for the update.

Surprised the JR is taking so long to get a result. Factoring in the summer break last year it seems to be taking longer than the original JR.

12p on the dot is a 20% rise to 14.4p, so I'm sticking with that. Slightly below if we want to account for the 0.5% dealing tax. 🙂

It seems like 14p is the top of the range here. I will want 20% when I enter so I think a buy price at 12p on the dot would be good, maybe slightly lower. However got to be not too greedy as that caused me to miss the recent rise.

As for selling at a loss. Have to 100% disagree on that. Selling at a loss is a valid strategy if you think the price will go lower. Buying back cheaper is a more effective way of averaging down than throwing more money at it and ending up in too deep. I don't regret selling at 24p or 17p on the two occasions I have held this.

And you'll learn about selling too early. Good luck.

Double top. 😂

The only double top you're seeing is on that X rated website you have open.

It's 13p. You can talk about double tops when it hits the November 2022 peak.

Enjoy your 20%, with finance due any day I wouldn't want to risk trading this. But you do you.

AIM shouldn't have been capitalised in my second paragraph there.

Stokey, of course it's based on market cap. There are some AIM companies with massive valuations. The FTSE 250 typically represents the biggest 101-350 companies in size, hence the name 250, sitting below the FTSE 100. Market caps change so companies get kicked out and promoted to both indexes.

FTSE 250 is not the AIM here, we'd need a market cap around 500m. Not out of the realms of possibility on a 10 year timescale but we will likely move to FTSE small cap market long before then.

Are you sure it wasn't just a dead cat?

You don't go straight to the FTSE250, you join the FTSE small cap market first. That's what I would like to see. AIM is dying.

But that's exactly why chartists get a bad reputation. They're all over Telegram too. "Look at this share, it's primed to take off, my chart shows it!". Day later it's down 10% and that person is posting about a different stock. You're obviously not one of them but I treat all charts with suspicion these days. Apologises if my lemming jibe caused offence.

Different ways of charting I guess Si. Yours do tend to remain consistent. But that's not how I normally see charts. I follow the hashtag on Twitter and there are people who post charts and it's always a different line. MajesticTrader for example. And that's just one example, on just one share.

Who knew the word lemming (or lemmon) would be so divisive. 🙂 I thought it was quite tame compared to what normally happens on this board.

Maybe I have just seen some bad chartists over time. It sometimes feels like every time I see a new chart the line starts from a different point or is at a different angle across the period in question depending on which peaks and dips they want to take into account at that moment in time. Like I have seen several charts over time where the share price is at the skinny end of a triangle (wedge to be technical) and then a couple of months later it's the same again with a new line.

Chart people sell when the price falls a small amount don't they? They buy at X and then set a stop loss about half a penny below that on an arbitrary line they drew. I don't really care what they do, just giving my view on the afternoon selling.

Quite possibly Si. 🍋

Lemming is what I had in mind though.

I'm not sure what you're talking about though, I don't believe I have posted in the TA thread. Just giving my view on the selling towards the end of the day in the appropriate place. It looks like typical short/trader activity. Good luck to them I say, I'm happy holding for finance which must be due any day. Some will get caught out.

I kept an eye on IG app today and this afternoon around the time the 2x 100k sells came in shorts went from 17% to 18%. Additionally the app is showing 86% sells for today, 87% for the week and 71% for the month. The share price is doing the opposite. Starting to think people only use IG for shorting. The shorts will pull it down slightly and then the lemmons wielding their charts will sell thinking the share price is about to reverse. Now would be a great time for the finance news to drop.

If I were JW I wouldn't bother RNSing anything that isn't legally required before the finance deal is posted. Time and time again we've seen it has no effect on the share price and is often sold into.

This will be RNS worthy some day, when the process is completed and we get awarded the funds.

Https://www.offshorewindscotland.org.uk/news/2024/april/02/full-sim-stage-2-list-published/

April 2nd... Same day the current share price rise started. Coincidence?

Good news, and good find LSE03. It sounds like we have the potential to be a huge player in Scottish wind energy. All the cards falling into place there on renewables.

Clearly it's going to take time to get there and get these big contracts, but that's the medium term growth opportunity 2-5 years down the line. Makes you think where the company as a whole will be in 5 years and its valuation. I suspect substantially higher than today.