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Gettingthere, I think I post 350p a while back. Now, I'm expecting a further flush down and we could be very surprised by where the bottom sits - lower still. After, a period of consolidation, then recovery.

I really do believe we will be shocked where price goes to before this is over. Partly due to the attractiveness other assets will have that are paying a decent divi, money will go there and out of the long duration end that doesn't yield. Just my thoughts and freely given so worth what you paid for them.

All these type of companies are similar to long duration assets. All are, and will remain, under the kosh for the foreseeable future. Trade them but don't fall in love.

Any "concrete" reasons for this weakness.
Pun intended.

Trying to call the bottom is very hard as it become even worse to a truly ridiculous level.

I held Grow and made an excellent return, hope to again, but id I said what I could see as the bottom you wouldn't believe me.

Sage, its illiquidity of the under lying holdings.

The value of liquidity increases as markets turn down. The flip side is the cost of illiquidity rises.

That is what we are seeing here.

Illiquidity is of the holdings. They are illiquud assets. Cash can be valued at cash, or below, if thought needed to support an illiquid asset going forward. An illiquid asset, the value of which, is not entirely transparent no matter what method GROW use to value it.

There are better options and will be more so soon as this droop in the wider market continues.

Its still a sell.

Waterfall event probably no further than 6 months off and yields > 5% will be available in many areas (possibly 7%+) and in companies that can offer growth too. Get the message. GROW is great but not great enough for this period. Its going down for good reason and possibly for many, many months.

Forget downrounds, it's illiquidity that kills when the rest of the world is heading to becoming cheaper in equity prices and will be paying decent dividends. Clever money doesn't want to be here, better liquid waiting for the waterfall event.

Yesterday there was somethiing like £100K of transactions and today even less. Looking at the price move without looking at the volume vs free float is only half the picture. when Saber is released and generating revenue the volume of sells will be reversed in no time and the price recover +++. £20M+ market cap in no time imho. A treble? Whereas will you find that with a management that is into this upto their necks. They have to make it a success.

Have been buying.

Mopping up a few as a punt. They only released full news on new MWD on the 6th Sept with the emphasis on SABER for usage. They are looking to move out of the way of commodity MWD that has turned up in the market. That should help future margins if you read up on the increased reliability and SABER should pull those sales through.

Buy now as a punt as Saber will offer MWD pull through and bring MWD back. A gamble but the upside looks decent vs downside as SABER must be made to succeed and management are in the shares up to their necks. Darkest hour and all that.

184 quid at the higher price is diddly squat. Higher price doesnt mean anything without some volume behind it.

Yes, but do you trust them?

Voting with their money and expect it to retest the lows or lower. We've just had a bounce, that's all, not a return to the run up towards the previous peak. That's gone.

Only the fittest will survive.

Needs a shake-up.
Investors voted with their money as is obvious from the share price.

It's a buy and hold now. Not worth trading from what my point of view when lucky enough to be able to buy around this price.

There is light at the end of the tunnel but no clear of this mess for a while imho. Cash is king.

They know its likely to get worse before better. Next stages in general are proper earnings downgrades across the wider market as economic activity slows rapidly, then o/p reductions due to excess inventory, leading to commodity price falls and finished product price declines (deflation) etc. GROW will not be immune no matter what is in the portfolio.

It could become very bad indeed over the next 6-12 months, then onward, upward.