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Averaged down heavily on 1st big drop last week, terrible timing! Very concerned as to where the bottom may prove to be.
Next major support is at 48p then its 12p. NAV is at 51p. A lot will depend on how well the company does in the rest of the world but without actually knowing the figures it is too hard to work out where the sp will drop too. I would guess 48p for sure. Beyond that is any ones guess. Will another rights issue be needed to raise cash?
Incredible! Traded hyve constantly last 18 months, never expected sub 80p again, now in 50's and free fall. If it reached 48, how come the next support level is so much lower? Thanks for info.
It’s a little hard to explain but 12p would be where support was found after the covid crash and where it stopped for a while. Doesn’t necessarily mean it will go that low. You would be better googling support/resistance. A lot will depend on whether hyve has enough cash to get through this. Hyve bod have done a great job after covid keeping the company going and also from before that when it used to be ITE. There is a good chance they will survive this but they may need to raise cash again which would be detrimental to investors. Currently iis are seen to be removing positions in all companies with connections to Russia, so holding is a big risk now. Better to be out atm. You can always buy back in later on positive news.
42trader.
You talk a great deal of sense, its too easy to think that things are bargain and rush in/average down just to see things get worse. Probably better to watch and buy back in when the situation changes and the way forward is clear. Yes, you'll miss the bottom and you will buy on the rise, but that is a price worth paying because the bottom may be way lower than this (we don't know).
Makes sense, thanks for reply. Also in AML and RR which have both been hammered more than most last 5 days!
Paper losses too heavy to sell, will have to sit it out and hope for recovery over the next 6 months or so. Terrible timing!
Sadly, the 48p support has been broken today. 12p is the stronger support level from where the sp had gapped up back in May 2020. There is though another support level, ableit not as strong as 12p, at approx. 32p. I would expect the sp to drop to this now.
The BOD buying last week was a good sign they believe the company will survive and create a good buying opportunity to make money. It's impossible to say though what level HYVE will drop to. I see no reason to buy HYVE at the moment, but I'm not sure I would sell at this price now. Maybe if you are in cash, buy around 32p but save some cash for a lower entry too.
I have a contrary view, I see no reason to sell at these prices given it has been so much oversold. One news of ceasefire and this will gain potentially 100%. Hyve continue to do business as usual outside Russia which is their main market anyways.
I think Hyve has to totally sever links with Russia, not just on moral grounds but on business too - how successful will hosting exhibitions in Russia be in the short to medium term? Certainly not worth the bad press.
As previously stated I was an ITE investor a decade ago, and Hyve recently but got out when the threats became so real in mid February. I will probably invest again but will need to look at the other markets in which it operates and whether there is any political threat there.
ps part of the 'About' part of the website seems to have been taken down. I wont attempt to read anything ominous into that, more that maybe they are revising the geographical spread of their operations?
I'm not sure I agrre BOD buying is good signal. Shouldn't they be wiser and know to wait until more pain been inflicted on SP. As todays mkt demonstrates. Last time I saw this same BOD logic being applied was Boohoo dirs buying... and look how thats worked out since. Make your own views, but this is too complex to get a "ceasefire" so soon. And by the way... there is already meant to one for civilians which not being adhered to. Sell and buy back later or look away for a year or two is my thinking. Cash position of company is key to know. GLA.
I do sometimes wonder if BOD buying means much except that they are trying to convey confidence and stop a downwards spiral (which can happen even in healthy companies).
I'm not that generous with my thinking. As i am never entirely convinced BOD own money is used - and that the funding is provided. Seen c suite joining bonuses include money specifically for company share purchases. Some of buying could squeezed by institutions - whether or not dirs truely believe in positive fortunes ahead. I certainly do not equate as de facto sign of confidence. Politics first IMHO.
Bullmarket is a shorter!!! Don't listen to him
Quetta... i dont think we know each. So you cannot make that claim publicly about me. I am a LTH. I merely commented on on BOD transactions and if they are a signal. Please check Boohoo SP post director buys and you will see my comment is valid. Do you work in Putins misinformation regime - since clearly spout trash ?
Quetta - I read vacuous posts all the time... hes a shorter... shorters closing their posititions... blah blah blah. Vomit. Do small PIs actually short and if so how do they do it. I have lost heaps hoping thing to go up. If i had reversed my trades i would indeed be wealthiefr So... how do you it please?
Sorry for calling u a shorter . but I don't see this staying at these lows for long . See 1£ in the next 2 weeks easy
I agree Quetta86 - big bounce is coming up. CEO, Chairman and CFO dont just buy on luck. They know the health of the business before putting their own money here. All IMO.
I can’t see this moving much