Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Morning Geeman. Yes nice feeling, recovered my Eve losses and now onto recovering the ANGS losses. I believe I will soon recover those too and start making a real profit.
MMAG is my top pick. I was fortunate to realise the value of it since single digit SP and been adding ever since.
I believe it still has a long way to go, never felt so confident about any another stock in more than 20 years in the markets. It reminds of the Amazon early days when Amazon was simply selling books and begun expanding. I sold 1,500 shares of Amazon at $25 only for it to turn back up and go to $3,500 !!! That is a staggering $5++ mil profit lost opportunity.
I am not saying that MMAG will reach Amazon highs but in the present climate they are in the right field and the CEO is confident that MMAG will be a £1 Billion MCap company within the next 33 to 5 years - that will be ~£10 per share.
MMAG also differs from other AIM companies - they have a 108 mil shares float and has been effectively the same since IPO. They also have a £30 milo revolving credit facility and the chance of ever having a placing is infinitesimally small. About three quarters of the shares are held by insiders and big institutions.
All - DYOR
Great news ass we expected. A £1 should be within reach in the short term in my opinion. At current SP MMAG is way oversold.
Wyn, if it closes on the high today 30.5p maybe left way behind IMO. Should push higher tomorrow.
MMAG looking great … already recovered my Eve losses and more (paper gain for now) :):)
I hope you are still holding Wyn, there is still huge upside..
Hi Wynn cheers mate. 2023 hopefully will make us rich :)
Got the following reply from IG regarding removal of the Eve shares from my account:
Thanks for your email.
We can't remove the shares from your account until delisting process is over. If there is some sort of takeover or residual payment, we will make the necessary changes.
For more information regarding delisted stocks, please take a look at this link:
https://www.ig.com/uk/help-and-support/corporate-events-and-dealing/corporate-action-events/what-happens-if-the-stock-i-am-trading-delists
If you have any further queries, please do not hesitate to contact us.
Regards,
Morning guys and Happy New Year.
Yes, MMAG is doing well and I believe that the journey just started, a long way up to go from here. Not a solicitation to buy though, this is my own opinion and nothing can happen. MMAG worked well for me so far - I am currently recovering 75% of my Eve losses.
D, I had a look at ONC and if you got in now, you got in/bought at a very good level where the chances of going up are higher than the chances of going down. The weekly chart shows that the SP rebounded before from this level and th chart already shows signs of bottoming out.
We have to remember though that what looks cheap can end up looking even cheaper, but for ONC the Risk/Reward at that level is good.
Reports on AVCT are very good ( don’t own AVCT) and if successful then you will be looking at several multiples from here. There are a lot of good and respected traders/investors on Twitter that speak highly of AVCT. As always there is a risk. Risk is everywhere in the stock market though, if there was no risk we all be millionaires.
From my experience, when it comes to investing and trading I agree with Wyn; have a core long term holding which you are confident and believe in it and trade other stocks.
My biggest mistake in the past was to jump on a stock at the wrong time only for it to go down and instead of cutting losses, I allowed the losses to continue and carried on averaging down and being trapped for a long time. Averaging down for me worked on ALBA but big losses with ANGS and EVE.
When you see a good stock you need to take your time and get in at the right price. For me it worked with MMAG, I got in low and being averaging up rather than down but at the same time being very careful not to get my average close to the current SP, keep a good margin.
HARL is a good stock that we talked about before, a good one to enter but if you remember, when it was above 20p I mentioned 15p as a good entry level, when at the time 15p looked like a level well left behind. 15p now though.
Now on EVE, our painful subject. Yesterday I wrote to IG (my broker) asking them to remove EVE shares from my account. They have not responded yet. I am tired of looking at £60k+ losses with no recovery chance. Is depressing. I will even pay a fee to have them removed. :(
Looking very good. Added again today, been adding since single digit SP.. I think this time round the SP will fill the gap at 27.5p and break above. 200-DMA is at circa 50p, would be nice the meet that within the next couple of months, hopefully sooner.
MMAG doing ok so far. I believe this is the bottom for now and will drift back up from here.
Results in January should be at worse the same as just announced so it should not knock the SP off again since the sell-the -news brigade has already sold. Hopefully, we’ll have another business rental service deal and a few more subscribers.
If the production is about to be doubled next month … with ££millions … and ££millions coming in each month … why place? Why dilute? Dividend? … yes, pigs do fly.
Could these delays really be 100% down to simply incompetence? Doubt it, they must have known that thee £12 mil was not enough to bring SFB on line long ago, and this explains why compressor No 2 was not ordered earlier. Would this be the last place before SFB is fully online?
This reminds me of the placing at 4.25p just before the Brockham disaster. The SP shot below 4.25p never to see that level since.
Glad I bailed out earlier, albeit with a loss. I am out and will stay out.
Good luck though to everybody holding. I sincerely hope the SP recovers and goes up even though without me. Good luck all.
Morning guys, I still have lots of faith in MMAG Wyn, when you know, hold on to your conviction. I don’t trade MMAG, even when I see the resistance. I am trying to increase my holding as and when I can.
HE1 placed 198 million shares at 5p, the SP may stay close to 5p for a few days to clear and may drop to 5p or slightly less. I got the feeling that you were not the only one though to sell other stocks to buy HE1 :).
HE1 is a good one to be in now but staying through the drill results though is another issue. Very risky. If I was to get in I would play it like you - get in at or near 5p, set a target (your 20p is reasonable) and bail out when the target is hit. Or bail out at whatever SP just before drill results. If it reaches 20p, might leave in a small amount as a gamble for the results, in case they are successful.
Good luck with it.
The SP is holding quite well at this level and once the 25p resistance is taken out we should move quickly above the top of the gap at 27.5p and in to the 30s. Needs a spark to bring a bit more volume. Fingers crossed soon.
Geeman, ATOME is having a placing at 106p and now is the time to get in. Unfortunately I don’t have spare cash, is all in MMAG.
Got high hopes for MMAG and most of my eggs are now in the MMAG basket. Got very high hopes, I am expecting a few bags, I am expecting to more than recover my EVE losses. I’ll keep you posted.
Wyn bought some MMAG last week, haven’t seen him posting again so I don’t know if he was shaken out. I added more on the drop, now is back up and the way higher. Fingers crossed it will keep going.
Might be a PI.
2 mil is 5.7% of the free float but not 3% or more of the shares in issue.
If it is an institution we will see a TR-1 soon, else it is a PI and that is good news because it sets a higher bottom. We will soon find out.
Swerve, back in the early 2000’s when Amazon was in its early stages of development it was trading in the teens, then it moved up, I bought 1500 shares at $20. The SP was trading in the $20-$30 range for a few days and on similar news to today it dropped from $30, I bailed out at break even more or less. SP dropped to just under $20 and then turned back up leaving the sub-$30 behind. Before it split, the Amazon SP reached a dizzying high of $3500 … 1500 shares = $5,250,000 … I am still kicking my self.
MMAG reminds me of those Amazon early days. I am not saying that MMAG will reach Amazon style highs but the CEO is expecting MMAG to be a £1 Billion MCap business within the next 3 to 5 years.
The foundations are set; SMARTDrop kiosks in 290 ASSDA stores are in place, subscription service for business launched …
Heavy institutional investment, insiders fully loaded, about three quarters of the float tightly held. £30 million revolving credit facility, no fear of placing and dilution. This is turning round and 2023 should see a substantial improvement. Second hand market is hot - benefits from the cost of living crisis and environmental drive - look at Vinted valued at $4.5 billion.
Is not normally good to fall in love with your investment but in MMAG’s case I am making an exception. Long term hold for me no matter what the charts are saying. I trade other shares.
I think 21p is gone, let’s hope 20p will hold tomorrow.
Overreaction to ok news, was not expecting such a sell off. I thought it would have pulled back up to 25p … but what do I know? The market is unpredictable. Hey ho another chance to add lower, long term hold for me as I believe that there are several multibags to be made here.
Morning Wyn,,
The TU is more or less what I expected, is upbeat and much better than previous updates that dropped the SP down from £2. I don’t think the market is looking at the TU as negative, profit taking on news from short term traders and stop loss triggering in my opinion. However, for today, I expect the SP to hold at ~25p.
Had the TU shown increase in revenue then the SP would have gone up further today but in any case the results are better than previously expected.
I think MMAG is now in a strong position for growth as most of infrastructure spent is now over, SMARTDrop kiosks in 290 ASDA stores are installed and functional but what do I know?? :)
The CEO expects MAG to be a ££1 Billion market cap company within 3 to 5 years.
Personally, I am sticking with it and will be adding as and when I can. Each to their own though and GT.TA.
From Twitter (Afzal Vali):
https://twitter.com/afzalvalli/status/1600119141687382018?s=61&t=0xhp3Nsy--_jrJ-eUhhu8w
https://twitter.com/afzalvalli/status/1600119768555454464?s=61&t=0xhp3Nsy--_jrJ-eUhhu8w
Aston, I have been adding all the way up, I am expecting the TU to be a positive one as the bad news are already out. I could be wrong ofcourse but the odds are for a positive TU as we had some good developments since September’s TU. Fingers crossed.