Formation Share Discussion Threads

[mylands] 15/10/2015 08:28

Still ticking up.

Market is definitely short of stock. Max I can buy online is 7.5k, yet I can sell 75k @ 8.8p

[threeputt] 14/10/2015 22:17

"loads at 1p", am so envious, nice one !

[barnetpeter] 14/10/2015 21:02

yes indeed....does make sense...it was easy to buy at 1p and I have loads from that price.

[tom111] 14/10/2015 19:33

sooner or later this will break upwards chart looks good

[crescenter] 14/10/2015 18:46

Looking good.

[tom111] 14/10/2015 14:27

should be at least 15p here dosnt make sense

[threeputt] 14/10/2015 14:17

slghtly late to the party but bought some at 8.28 other day, tempted to double up here at 8.95, the recent trading statements were the stuff dreams are made of, still seriously undervalued imo.
"the Board is confident that profits for this financial year, ending 31 August 2016, are likely to be substantially in excess of double the £1.75m anticipated in the financial year ended 31 August 2015. It is also anticipated that this exceptionally strong performance will generate sufficient cash for the Company during the forthcoming year to invest in further projects, some of which are already in the process of being appraised"

so "substantially in excess of double the £1.75m anticipated in the financial year ended 31 August 2015" - all for an mcap of 19, just wow !

[mylands] 14/10/2015 08:28

Looks like the market is short of stock. Currently offering 8.45p for up to 75k, with the max you can buy only 35k at 8.9475p.

[tom111] 13/10/2015 17:05

I would expect more news to come shortly a lot of activity going on at the moment

[crescenter] 13/10/2015 16:19

Is that the overhang gone?

[mylands] 12/10/2015 10:17

The Kennedy family control this but at long last the business is starting to perform as it should, considering its exposure to the London housing market. All the dead wood is now gone and sites, like Streatham, are good profit earners, hence the 2016 forecast.

What you need to be aware is that there are shareholders like me who have been in this for a long time and they may decide that the recent rise is a time to jump ship. I think that would be a mistake, as they would miss out on good capital appreciation over the next year.

[plasybryn] 12/10/2015 10:09

THanks mylands.
Seems an interesting stock.
What a turn around this year.
Still not overpriced. If the Profit is £1.75m the EPS should be £0.008p.
But profits predicted to be substantially in excess of this to August 2016.
That should mean the introduction of a dividend imo.
Kennedy's own quiet a bit of stock.
The Balance Sheet looks sound - little debt & cash
The Director's remunerations seem at a sensible (modest) level)
Have I missed anything?

[mylands] 11/10/2015 16:22

When I last tested the market on Friday you could buy at 8.26p and and sell at 8.0p, a spread of 3.375%, not 12.5%.

[plasybryn] 11/10/2015 15:14

Looks good, but don't like the 12.5% spread.

[mylands] 06/10/2015 08:36

More buys. Heading for 9p today?

[tom111] 05/10/2015 16:51

Considering this is making big profits in relation to the mc its all very strange,the punters prefer rubbish mining and oil stocks which is even stranger

[barnetpeter] 05/10/2015 16:15

Yes but a big rally in a short time. I don't mind in fact.....one of the best small caps around and no one here. They are all on the shares that have lost 99 per cent hoping fr a bounce ...

[tom111] 05/10/2015 16:04

should be a lot higher though

[crescenter] 05/10/2015 14:47

I assume there is a small overhang from the 500k odd sale reported a few days ago.

[mylands] 05/10/2015 13:27

More good news in today's RNS. Muted response by the market, but the news underpins the price at above 8p.

[mylands] 05/10/2015 08:50

Trades at 8.099999p are buys.

[mylands] 25/9/2015 12:20

tom111

With small cap stocks, that are generally pretty illiquid, the mm's don't hold much on their books. So, when you have a few sells, as we have had this morning, the share price is marked down pretty quickly. To maintain the rise we need buyers!

[tom111] 25/9/2015 11:58

cant believe this has dropped,odd maybe a tree shake

[ileeman] 25/9/2015 09:44

The thing I like about FRM is it doesnt really spike but when it starts to rise it goes up day after day.

Expecting 10p to break soon and when it does this will really motor.