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And if it breaks 22.99 then it will look for 18.77
Almost the same Mcap as Fipp but P/E and earning very different.
Probably 18-20p
It is common for many IPO to drop below their initial offer price before rebounding, whether this occurs here remains to be seen. It is still way too early though to try and predict the bottom.
It looks like you're a long way from finding your bottom!!!!!!
The massive spike, such a the one seen here just sees a redistribution of wealth between the smart investors who know when to sell and those who don't.
With so many people having their money tied up in the CBX IPO, I doubt if you will see another spike next week.
Yes, it is similar in many ways to FIPP who invest in a lot of new University Start ups.
Generally these buys shown after 16.30 don't affect the following day. Often they are the total number of shares that a Broker has purchased during the day for clients with an Advisory Account, but the final figure is only shown after the bell.
Choosing the right time to sell is often a bigger skill than choosing the right tome to buy. Especially when the price rise has been so steep. When the herd arrive many get spiked, this always happen, whereas the skilled investors are already taking their profits.
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Until close of play tomorrow when the CBX IPO closes it could be stormy here but perhaps the sun will come out next week.
Clearly those invested here will want more investors to keep buying here, which would no doubt lead to the SP rising further. The herd are well and truly here and the ramping knows no bounds.
However if you want to make an entry to a CBD stock then surely the best opportunity for a decent profit is to participate in an IPO, if one is available. Until close of play tomorrow everyone has the opportunity to place an order in the Cellular Goods (CBX) IPO and with CBD shares being flavour of the month it could well rise in the same way as KNB leaving you with an 8-bagger or more.
For KNB to 8-bag from here youâre looking at it reaching 360p.
Which is more likely and be realistic???
Admittedly with CBX, due to it being oversubscribed youâll probably not get your full allocation and due to HMRC rules you cannot have IPO shares placed into an ISA Account, albeit you could B&B them to get them into you ISA Account later I f you havenât yet hit your 20k allowance.
Next week with the CBX IPO closed, further rises may well occur but wise investors will always be wary of being spiked.
Thereâs not much risk with Buying CBX in the IPO and there is great upside potential, hence why I have my order in over there.
I guess it was Pot luck with IG as to whether you order succeeded or not. I lost out on a 100% rise.
Did anyone succeed in buying here using IG. I tried so many times buy the orders never got filled.
This afternoon's trade of 50,000 share at 142p, although marked as a sell, would appear to be a buy, when you take into consideration today's othe trades. Its also one of the biggest trades for some time. I guess we'll have to wait and see if it is a Director buy but if not clearly someone is confident about the direction that SMRT are heading.
Having bought these well over 5 years ago when it was called Verdes Management and seen the consolidated price go to 0.16p about 2 years ago I'd all but written these off. But now it seems as there is some life in the old dog and a 10 bagger in 2 years is a pleasant surprise. However its still got a very long way to go before I come close to break even . Unfortunately I didn't give averaging down a moment's though when the SP was so low.
However with all the changes that have occurred and the opportunities that COVID has opened up I now find myself considering further invesment here.
The following is a link to a comprehensive article about SwipedOn, by Hadleigh Ford, that was released yesterday.
https://www.swipedon.com/blog/key-lessons-covid-19-has-taught-us-about-access-control
Yes - Average is awful. They're in the bottom drawer and pretty much written off, unless MB can do his magic.
An interesting piece of news for those who have been here for several years:
Mark Braund, our ex CEO has been appointed Chairman of REACT Group. (One of DBâs old ventures) Itâs a small world.
Congratulations to anyone who bought in the 15-20p region just 9 months ago and have now almost got themselves a 10-bagger. I didnât due to it being one of my larger holding, even back then.
I donât think any of us could have envisaged us being where we are today. The next trading update should hopefully provide us with details of what is driving the SP.