theprior
19 Nov 2019
todays movements Placing announced today at 20p. Let’s see how the sp holds up now? TP
Eadwig
18 Nov 2019
todays movements There are no short positions of any significant size on AFC (I.e over 0.5% of market cap). If there were, they probably just went broke over the last week or so. I don’t think there was though, but the site I use to check isn’t fully working, so there may have been in the past. www.shorttracker.co.uk You can short anything using a spread bet account. If you are having to ask me about it then I suggest you DO NOT GO ANYWHERE near it. You can’t limit your losses and are forced to borrow money to make them work (leverage) and 80% of people who try this method fail, some of them with life-changing debts. 10% more or less break even and only 10% of people win, probably less over the longer term of, say, 5 years. It is a full time job, as soon as you open a position it is costing you money and does so until you close it … OR, the provider closes it for you… which is when you know you are in trouble. They can close you out and demand the money you owe. DON’T DO IT. It finished over @25p today and that was despite Schroder, the main institutional backer, selling about 0.8% of the company on Friday. Probably it was they who provided some of that placement cash for about @3p a share earlier in the year. Nice work if you can get it. It may drop back between now and December 6th/7th when they unveil the new product (and maybe some new customers), but with 46% rise today on top of the rises already you’d have to be extremely stupid to try and short this from this point, I think. There are much easier targets around, the way this is going it might go to @60p yet, there is basically no resistance and to shrug off that Schroder sale like that was amazing. RNS of large sale by main institutional backer was released 12:52… image.png815x462 25.6 KB
Ripley94
18 Nov 2019
todays movements AFC… XXXX Thanks Eadwig. Your record keeping a little to complicated for me. Although not as learned as you i think i am doing much the same thing. Looks like might of got lucky with last smaller slice as price dropped back a bit after. But that might look different tomorrow. I see over on LSE talk of shorting @ 25p i know nothing about that having never tried it how easy is it to short theses little AIM stocks ? Do you know the short positions ? If it drops to my penultimate slice i might be tempted to get that one back. Looks like the AMC repeat was a good move Friday. Are you a chart man ?
Eadwig
18 Nov 2019
todays movements Ripley94: But what for 3p ( your better buys ) when the price is now 25p . When I buy in tranches as explained earlier, I do what is called ‘trading around a position’. So sometimes I will buy a tranche on a dip, then sell it on a rise, then buy again on another dip and so on. At this point, when I’m ‘building a position’ I don’t take the profit, I work out the profit and deduct it from the cost of my holding’s average, therefore I sometimes appear to have an average price lower than is possible. In this case, I bought a tranche at @4.8p and sold half of it for 9.6p,(100% return) but I didn’t take that profit, I put it against my holding average which reduced it to @3.82p. Sales since then have been taken as profit. Its a bit confusing and unusual I know. This is because at the end of the tax year I work out my profit and then take it all out in cash to live on (if no profit I have to make it up the next year before I can then start earning any profits to take out). I also take all dividends paid (if any) at the end of each month and I don’t count them towards yearly profits. Hope that makes sense. I have little time to explain it right now, if not and you’re interested say so and I’ll find time sometime soon. There are ‘aim tracker’ ETFs but tend to be called something like ‘small cap’ funds or even ‘micro-cap’ or a mixture of both. Also AIM 50 funds, I think, which are the biggest companies on AIM. Similar funds exist for other markets in Europe, USA etc too. There are ETfs for just about everything you can imagine with a typical yearly cost of about 0.4% charge or less these days. The other post hasn’t changed my target, just a response to another holder about the 6th Dec product demonstration day. That could be the day, or shortly after, that i sell all my AFC except perhaps a single tranche.
Ripley94
18 Nov 2019
todays movements Second slice @ a higher 25p . Now just have slightly above ( T ) first buy… remaining . Thank you Eadwig. I read you reply earlier i had already set a second smaller sale @ 25p when i saw your 26.7p target was tempted to change it. That lifted @ 12.24pm . Not sure what my average was / is. If i divide my first 6 tranches ( all buys ) it is 7.2p … sells and buys after . But what for 3p ( your better buys ) when the price is now 25p . Although i can of course see 3p on 3p is more then 3p on 25p in gain. I do seem to be doing similar to you buying and selling in tranches . Can you get an ETF AIM tracker ? I’m not sure that would be the same as i do use some reasoning for buying. I have no idea why when one suddenly takes off … even if there is good news how high that should send it . Id guess most times an overreact in most cases . I see you have posted news on another tread … has that changed you earlier target ?
Eadwig
18 Nov 2019
More good news ... (!) psmith641: Going to go to the Dec 6th shareholder event and see what I can find out. do you have a ticket. first few holders that apply only allowed. 50 I think
psmith641
18 Nov 2019
More good news ... (!) Have been in this one a while now as always thought it was worth a punt. From being down since the first week I bought it after this last week its now one of my best performers. Going to go to the Dec 6th shareholder event and see what I can find out.
Eadwig
18 Nov 2019
todays movements Ripley94: What reasoning do you use ? I try to take profits in percentages depending on the type of stock and how its moving. Having built a position by trading in AFC to an average of 3.82p my sale @15.6p representes 4x the holding value or 300% The sale at 21p is 450% but I sold for the same value each time, which meant selling less shares. … and I already have a limit order for a sale @26.7p (600%) I’ve been in and out of AFc for some years, having sold at double digit profits before. At the moment it is still climbing on no actual news (possibly articles in investing press) but has a major demo of one of its products with shareholders and customers on Dec 6th. Funny that term ‘customers’ because they don’t really have any for this product, I’m thinking they may be about to release contract news the same day. So … i want to make sure that I still have some shares left at that point to sell just in case. I always take profits on the way up, selling in tranches, because you never know where the top might be. Same as when you buy. You hope to be in on the bottom but you never know, so I buy in tranches also. How big those tranches are and what percentage of profit you should take you only get a feel for as you follow a company… which is why i say you should follow just a few and get to know them and not spread yourself so wide. If you want to do that, do it in passive ETF funds that cost almost nothing to own.
Ripley94
18 Nov 2019
todays movements HI Eadwig Well i am comforted that you sliced as well as you seem to have more knowledge then myself talk of fundamentals which i know little about. When i look back just seven days and see mention of slices @ 8.4, 9.3 and 10 … looks like the buyers of them know how to do it . They have made more in a week then i made in years. But then again when i have not sold on AIM spikes before its been a mistake. What reasoning do you use ?
Eadwig
18 Nov 2019
todays movements I sold another tranche this morning @21p after costs … 550% profit in 4 months. I still retain 3 tranches of the ame value … assuming the price now remains there. Over last few days I sold a tranches @9.6p and 15.6p - over half my holding now sold. No sign of the rises stopping at the moment though, and still no genuine commercial contracts in place, hence my taking profits as we go.
Ripley94
18 Nov 2019
todays movements AFC… XXXX On Friday tried to sell 36% of holding in ( T ) for 18p it did not lift . But lifted this morning Monday 18th on a 20p so will give 10% of that gain as promised .
Eadwig
15 Nov 2019
todays movements Ripley94: Hope they do not go for a placing They already raised enough money earlier in the year to take this latest product to market. Research still funded by EU but that looks likely to stop … It wouldnt surprise me if they went for another placing or extended debt facility at some future point but have enough on hand right now … From H1 report on 26th July 2019 … This should be enough cash to take them into orders with some of the other nearly-ready products and should last beyond the summer of 2020 (I’m guessing without checking the accounts). Strengthening balance sheet to fund ongoing product development and launch of Go-to-Market strategy: o Convertible loan note facility agreed with Thalion Global Group for £4 million (before expenses) - facility currently undrawn. o Raised £0.813 million before expenses on 12 April 2019 at 3 pence per Ordinary Share to support the Company’s Go-to-Market strategy. o Raised £1.066 million before expenses on 24 June 2019 at 4.8 pence per Ordinary Share which is funding operating activities including investment in EV charger demonstration unit, roadshow of EV charging unit and engagement of dedicated commercial team.
Ripley94
15 Nov 2019
todays movements Thank you Eadwig. You know i could not answer your second and third questions !! Held them years ( i would of known what they were mining at first purchase ) Topped up… recall selling some on a spike a few years back . Topped again recently @ 2p and last week sold that tranche for 3.5p one day and got them all back for 3.25p couple of hours later. Next day got away with doing it again . I am not sat watching charts just setting limits so not a bad way of making a few bob. I post all the trades nearly immediately … to be honest mainly for myself lol Following day a placing @ 1.7p … typical . ( that is why you never leave on overnight ) So i thought if they go back to 2p ill double that tranche. I am a buy and holder really and i hope patience pays off . Like with AFC i would want to keep the core ( original holding ) As i would of investigated and spent time looking at that first purchase. I see AFC hit 17.5 @ close … good pointer for Monday ? Hope they do not go for a placing .
Eadwig
15 Nov 2019
todays movements Ripley94: I topped AMC @ 2p what do you think of that ? Again, I know nothing bout them. They look like a junior miner? In which case better to sell on the hype rather than buy for any profit making potential down the road. Do you know what your price catalyst is for selling on? What are they mining? Is the price going up or down right now? Who are they planning to sell to, when is production due?
Eadwig
15 Nov 2019
todays movements Ripley94: Well done Eadwig you must of got the top of the rise what price did you get for your sale ? @15.6p
