I agree but there's going to have to be a catalyst for the movement.
We can't just expect real price movements on the back of nothings. This movement today is clearly in the anticipation that the quarterly released shortly will be very positive. 2M shares worth of people believe it will be positive and 2M shares worth of people believe we're at a high point. It's nice to know there's buyers there waiting for the news to drop. They'll need to pay a considerable amount more to part me from my shares though.
Real value will be made and retained on genuine results. The value we saw this morning will not be retained unless it's a positive quarterly result. If this is true and full year targets are likely to be hit as a result, then hold onto your hat.
Overall, SE1 is on the right target. If we are able to get to a point of cash flow positivity over the coming year while also accounting for growth, we're looking the goods. My money is on them.
SE1 Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held