Member Info for You_Having_a_Laugh

All my own opinion only. Dyor.
Your money, your responsibility.

I bought a load last week around 24p, a bargain.
Surprising how the price has held up and it wasn't for the fact I have enough already and adding more would distort portfolio I would add on any weakness.

A little gem.

Good luck everyone.

Chinese registrations.

I haven't told anyone to **** off.
People here are too emotionally attached and it is distorting their thinking.
Just because someone jokds up a mirror theres no need to be nasty.

Dyor but I dont think there has been a better time to buy MMX than around now. Profitable, Growing. Innovative - as stated on the website - and leaving behind legacy issues.

The buyback is only wasted money if you dont believe the share price will rise over time. The people that want to exit low are being given a chance, a buyer of last resort, rather that keep offering negative downward pressure on the price. Churn is being mopped up.

It's also a vote of confidence.

You want out? There's a buyer.

You got it.

No names, no pack drill, but for their own mental well being a couple that post here might do themselves a favour if they sold out. The cost of holding an investment that engenders such negative emotion can be way more than the potential upside.

These same types are likely to sell when it reaches their average purchase price just to escape their own misery, thinking themselves lucky.

Anyone in the markets for long has been there, done that, at some time.

Look up & forward.

Mello will make little difference. If the price moves up from here it would anyway. After the move people look for reasons but its baked in. It will happen irrespective because the set-up is in place.

I would consider this a very strong buy on dips below 6p now but dyor. Your money, your responsibility.

Good Luck All.

I believe they had a plan, knew this is bottoming and want maximal return for shareholder value on upto £1M investment. Its clearing people willing to sell down here, underpinning the bottom and can increase from £1M spent to £1.x million in shareholder value in relatively short order.

Positive expectations are often disappointed but I think we will know for certain relatively soon and certainly within 7 months. Depending on the volume as it moves through ceiling levels the move ould be quick as momentum builds and trend confirmed.

Dyor.

Looking like a rounded bottom from April/May 2018 and there was a trend sell flagged about 8th April 2018.

Currently at a very important juncture with potential for decent appreciation on a 6-12 month time frame as it exits the formation.

On a 2 year time frame the ceiling to trend buy is about 6.96p.
On a 1 year it has already broken its ceiling. This is interesting as a first sign.
The shape looks promising and 1 year ceiling broken at close on a Friday.

Dyor, GLA, even the knobs.

No wonder you're under water here.
Good luck.

Not getting what you want is sometimes just what you need. Twist the Rolling Stones.

You don't get it. Until this is stable any dividend is very risky.

The buyback is an interim price guarantee until it stands on a fundamentally sound foundation that spins off reliable free cash flow to offer a progressive dividend.

Get it?

This is becoming inevitable. It takes time and a lot of house cleaning to prove it to investors that will make a difference and not just pi speculators without much of a clue. No names, no pack drill.

They were underpinning and stabilising the business. No dividend until that was/is fully in place.

There was a need to underpin the sp, the buyback has helped there as people can buy knowing there is another buyer of last resort around this price waiting for the turn to occur.

I would expect this to be closer to 4p without it and £300k us chicken feed to achieve that.

I gather Tap doesn't get risk mitigation?

Clearing .London is critical and, for buyback naysayers, what do you think this would be sitting at if the sp wasn't underpinned.

Yes, minions dont matter.

Fundamentals better, sentiment worse. Dont see fundamentals worsening so a case of a sentiment turn needed. Could time to buy imho.

I wish you'd learn to buy at the right price!

From memory the buyback shares are going into treasury and not cancelled down so unless some small print also eligible for divi. If so it's another way to keep money in the business. As shareholders are partial owners that's good for us too.

Patience will be rewarded.

No one looked at the consequences of a failure in a major holder. Broad shareholder base is like a diversified portfolio - less risky.

Have to hope they have risk mitigation in place to help cope with other potential hits in other areas. Somehow I think not.