Yes its quite strange the trading over the past few months. Most...

  1. 5,172 Posts.
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    Yes its quite strange the trading over the past few months. Most days 0 shares traded, occasionally a day of up to a million shares traded but no (or negligible) movement in share price, then a few times in past 6 months when there's been a sudden jump in share price.

    BUT from a fundamental perspective the past couple of quarterlies shows that financial performance has certainly improved dramatically, and its becoming cash flow positive.

    Whilst the current lockdown in the UK would not have helped at all my feeling is that if this financial turnaround continues you can expect a dramatic change (= positive) in share price that won't drop. Its business model is relatively simple, and more akin to the online disrupters that are all the rage in share markets around the world.

    The fact that the directors continue to slowly accumulate (and the Chairman is creeping above 20%!) suggests this is a company to watch.

 
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