Member Info for You_Having_a_Laugh

Not sure about 10x (hope so) but 3x looks very possible indeed to me.
£30M market cap without stretching my imagination too far, based on results potential.

I like the no nonsense workaday approach .

Hooray, we agree.
Sooner they sell up the better.

SJL posted the below and it is astute. Main reason to be here is capital gain potential imho. Watch for signs of change that could lead to a lower multiple to earnings on sale of company. Change in attitude of the market to this sector.

The dividend will be noise unless you are lucky enough to have a low entry price and comes with company and sector risk.

". question is whether any such bid comes before the market / sector runs out of steam . "

Take a step back bakky and think. The real reason for being here now is capital gain. The dividend yield, even progressive, is unlikely to be > IUKD etf that is also much less risky. At least for quite a while.

Some think this way, see a recent gain and move on. If that pushes the price below a sell trigger point others automatically sell = downdraught.

If you are liquid at that point, and see a positive future, then you buy & get a good top-up price.

The thought I have here is who long before the tide in the mmx market will stay in. Even SJL alluded to how long a few posts back. If they dont sell up within some period the tide will go out and valuation at exit be less high. Then even holding for capital gain is unsure.

If I was here for the dividend I wouldnt be here and I dont think anyone else should too unless in <= 6p in which case the yield will be not too bad and a capital gain.

This is a one trick pony, a low cost dividend orientated etf is more segment and geographically diverse and much less risky. Time will come to sell up. Hope management get an exit soon.

It's just above the sell trigger point.
Dont laugh, I've followed these techniques and done well.
Avoiding losses and avoiding having money tied up in dead ends is critical.
No use holding for 5 years waiting for dividend under water - dumb.
Same time being miserable and complaining and blaming management.
Better off buying FTSE100/250 at less risk and more income.

Thankfully my average here is low. Bought towards bottom in fsfious tranches.

Current price may not be "sell on the news" but realistic depending on the expected dividend. Someone doing some maths.

Talk of sale at >15p (I agree with) is fantasy until it happens and it might not. Weigh up outcomes vs other alternatives.

Thank you gh.

He's just shining a light. A public service.

No it doesn't when so close to the limits & especially if multiple people are looking st the same price & volume signals.

Perhaps he sold the Perfec Commerce to ii's that hot burned. He's also in IPO Group that is depressed.

Just above (only just above) where some could take it as a sell signal and move to side. Its holding above for now. Would hope it firms from here and stays clear else there could a further downdraught.

Value will out. "Progressive" is a cover all and depends where it starts as a divi. Stable, on track, growing, no debt, innovative, cash generative, worth more than 8.3p/sh.

A controlled AGM wont be helped by news that causes a fuss so I'd expect it after the demos have settled into investors minds.

Still consolidating. Patience needed.

Ideally need to see a golden cross on the weekly over 2 yrs+. Ocurred on the 1yr daily around 2 ndweek of Nov 2019 but some time & further increase needed to achieve the cross-overs. Finger crossed. That would be a true price trend change to celibrate and could pull in more money.

Hope people got chance to fill boots sub 5p and trusted management turn around plans without moaning. /sarc.

Love it when a plan comes together. The look of this chart so far is beautiful.
No guarantees but close to classic in my book.

Good to read someone stating how hard it is to do what management here have done so far. Turned the ship & trimmed the sails.

The "running out of steam" comments, when might that be by as an approximate date?

Opinion only, if this falls back rapidly its thereafter likely to rise to above peak prior to the fall in a cup and handle type formation, quickly. The rounded bottom so far looks classic.

Bigger problem will be relief sales as people under water for "x" years see a chance to get out at what they think is close to breakeven (forgetting inflation and opportunity cost). Those people exist but hopefully they don't hold much stock and are easily overcome by buying else it's a painful climb out of the last section of the bowl.

Is product development proceeding well.

In my book buys and in any case the price held well compared to being mid 90's on lower volume recently. Good sign.