As with the other ideas (ONC, ORM), we've got (i) price on the lower BB (weekly) with bands narrowing (usually suggests volatility incoming); (ii) RSI at 24 (oversold); and (iii) POC at 2p, all signalling oversold conditions and ripe for a bounce. FA: market cap 3.5m vs last reported cash at £7.8m, so not even valued at cash and nothing included for the business itself. Last update suggests a tentative recovery and next update is 24 March 2020. If positive again, price should react favourably. Last director purchase was at 2.2p. Short term target of 2p (although like ONC and ORM, this will be front-run ;-))
Trade stängt manuellt:
Bailed around 1.5p. Idea published before the crash so not a bad result. Results didn't move the needle but Jupiter selling out allowed a bounce. Post COVID, this should fare well but Link still in and market will discount harshly for a while yet I think.