3000p+ Coming soon!! Lifted today @ 60p
3000p+ Coming soon!! IDP… XXXX So this was a broker tip to me i see… they are now 61p
3000p+ Coming soon!! IDP… XXXX 72p 16th Jan 2019 recovered to 85p now. Collins Sarri Statham tip before the May profit warning. Would not give view after , Brokers ?
3000p+ Coming soon!! IDP… XXXX Odd goings on today placed a limit buy on surprising drop ( stop losses ? ) @ 120p went strait through then again @ 117p searched to see if i had an older order on i had forgotten about .!! ( No ) Put sale on for 121p to correct only to then see a correction by broker @ 120 sale. So 117p top up.
3000p+ Coming soon!! IDP… XXXX Down another 10 % today , put a limit buy in for 131p which lifted @ 129p ( oddly had modified a slightly different buy down to 129p when placing this one ) Buy showing @ 127p mins before ? Got all the slice of six days ago back. Very volatile ( even within the day )
3000p+ Coming soon!! IDP… XXXXX RNS … Today more space in stores up 23% to 207p One i lost patience with only 13 days ago. Now over 40 % higher . Example of buying into rising share i didn’t see anyone suggesting it . Example of just leaving and not spending time looking at market ?
3000p+ Coming soon!! IDP … XXXX Retracing today 175p still a lot better then my sell.
3000p+ Coming soon!! IDP… Up to 179p just five days after another winner i have sold. That is over 20 % more than i sold at . Maybe better to just leave portfolio alone. Thought i needed cash .
3000p+ Coming soon!! IDP… XXXX Tried to sell last week @ 146p lifted quickly after alert @ 147p limit @ 11.30 am. Did not look at trade history see sales at 147.8 just before . Busy but wiser to look at trades first.
3000p+ Coming soon!! IDP… XXXXX Up to 143p on today’s 23% rise . Green morning share , i grabbed this falling knife March 8th 2018 @ 126p , one the lifted below limit and headed much lower , the bottom was 88.5p 20 days later. An example of why you should wait for it and buy on way up. very volatile.
3000p+ Coming soon!! IDP… XXXX Good rise today back to near where i came in .
Bounce This has got to be due a serious bounce at this price.
cash position whilst you are right to be concerned about the cash position - please also note that whilst cash has gone down to £2m since the £4.4m placing only last October stock has risen from c£2m to £3.6m in the same period (so net reduction c£0.8m).I suspect much of this increase is to get stock in place for the Prolong launch and possibly the hair/headmaster too. This is a very high level for such a small company (annual revenue c£10m) but on the positive this could be converted to cash quite quickly when sold and stock is valued at cost and not selling price.
Added on today's dip This paragraph will be dull reading because of my caution. I added a little IDP this afternoon, and could add more if the stock goes down further. I'm making sure I only invest a quite small proportion of my portfolio in IDP, because of the risk relating to negative free cash flow which I commented about on 14-03-18.I was going to say why I think Prolong should be good for cash flow. Then I thought, it could have a big marketing spend, with the risk of it being funded by issuing stock at a low price. The acquisition presentation has "No integration costs. ProlongTM to be revenue and earnings enhancing in the second half of financial year 2018", but in the period, the revenue could show up as receivables rather than cash, depending on how much is sold indirectly. Still, it suggests the profit won't be eaten up by the cost of advertising, at least not in the second half.
FT I've just bought in here.[link]