Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looks pretty good right now for further gains.
20p is the first target with 30p the next one. RSI has room for SP appreciation.
If you wanted to really play it then you might have a stop put in around 11p. so currently 13p is a 2p loss/risk against an 7p rise/reward which is greater than 3-1 which tends to be the ratio most traders use before committing to a trade.
(imo dyor etc etc)
Good morning Wyn,
I can see the 20p now, and the 30p (July / Aug '23)which I couldn't before, but why does that November spike get ignored; cos it was just a spike?
All the best, D
Morning D,
Based on all that TA is odds based, (what is most likely rather than a firm "prediction"), than a spike of that magnitude can be ignored as not representative of the crowd over time, and therefore not likely to be repeated. If its not likely to be repeated then it can be dismissed, (or at least be given less significance).
Cheers
Wyn, Latin still has its uses and I can use google translate!
Hope things are ok with you.
Fine thanks D.
I think your disposition is a credit to you.
Maybe one day when we are all rich from AVCT we can meet up :0))
Good morning Wyn D (I know… sorry… 😇)
Seeing the disproportionate response the sp has to a relatively small number of trades, a stop loss would get very interesting very quickly. The sp would crash through the floor with any mass sell off. Great if you want a cheap buy in price, otherwise very disconcerting to the rest of us still holding.
CTSFO, thats the drawback to trade small cap stocks.
Its fine on paper but in reality the stops are harder to execute and therefore the whole risk/reward ratio gets skewed pretty quickly.
I tend to use charts to time entry and exit whilst understanding some of the fundamentals of the company.
atb
Hi Wyn, yes that would be good :-)
I suspect I live a few miles from where you once mentioned to another poster where you *grew up...
(*Cue the searching by other posters through your history!)
I think for me to be breakeven (after eve, 4D, etc) I need AVCT to be >£10 so we might just have to settle at you being rich and me 'less poor'.
All the very best,
D
Well, maybe this will be the one!
(have you looked at ABDX)
I do have very few ABDX and I know you are saying the chart's looking good there, and strong management. I'd like more my track record means no new money these days unless exceptional circumstances..
Not at all 'aim' but FUTR Future plc might be on the way up for a while. I sold out last week to buy RUA instead (maybe I went too early) but they are a lot less risky and seem to double / halve over the months and atm are on the rising trajectory.
That they are although a retrace is most likely now, around 10% I'd guess.
Well fingers crossed for RUA!
Didn’t expect a red close tbh. Looks like a 11p - 12p range till some good news?
Huge buying pressure yesterday at 13p. mms kept NT. Today folks selling under the bid for 11.6p. LOL. market maker's dream...
Rinse repeat
Yep, same person did the same last week for the same amount. Could have got 12.75 yesterday!!
A few have little conviction but it matters not in the grand scheme of things
Scoredagainsteps - Disagree as 11.6p is nowhere the top of the range. But if you want to day trade an illiquid stock in this market you mast be fool.
Agree, the illiquidity and small float often means 0.7p RSP spread when quiet.
More importantly, you can't buy big here without premiums. [200k is 13.5p atm]
NT to buy. Well done if you sold it!
Couple [or just one] of traders still trying to influence the chart.
Boring but a necessary by product of tight float.
The current problem as I see it is that six months ago, 60%+ of the current float was issued at 11p. Six months on, a lot of those holders are maybe frustrated by a lack of action and seeing other shares kiting up, are bailing with their investment intact. Notice how it sells off every time the bid gets above 11p. 60% is an enormous overhang. It needs a catalyst from the company to take off. At least some update will come by end of July with final results….!
Just to follow up my last post, Bill Brown has a tendency to provide a shopping bag full of updates in one RNS. So, likely as not, the next update will be like the last one, a bit about each division with the odd tidbit thrown in to each.
Unless something major occurs which must be announced as price sensitive, my bet is it will be a long list of updates on each division as part of the final results commentary.
You never know, he might pull a rabbit out!
Quality posts IV. Very useful to know about the 11p placing, though I should have done more DYOR and already picked up on this! Every day’s a school day. It will get very very interesting with a ‘blow the doors off’ RNS. A muted response to a generally okay RNS is also more understandable. Roll on completion of the HV trial.
IntraVnus - I agree. I have a theory that RUA are withholding notifying about final results in anticipation of including some good news (which they must be expecting if I am right). And if it is a 'blow the doors off' RNS as CTSFO (and the rest of us) hopes we might need to take our socks off to count the multiplications of the SP - except that as you point out the overhang is huge and many of them would probably take a doubling of the SP without a second thought.
CTSFO - if you find the time it is worth going back to 2019 /18 and following the story through RUA updates, the first error came when due to Covid the additional cleaning in the lab actually contaminated a crucial test they carried out (grafts) and delayed proceeding by about six months. Ever since then we have been waiting for that transformational RNS but things went from bad to worse, a lot of the spoils of the tech (if it ever gets to market) is now going have to be shared to get the various products over the line.
Ultimately I believe the reward (which comes with equal risk) will be huge which is why I keep a position here.