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Real-Time news about Radiant Gwth (London Stock Exchange): 0 recent articles
|Radiant Gwth Daily Update: Radiant Gwth is listed in the General Financial sector of the London Stock Exchange with ticker RADG. The last closing price for Radiant Gwth was 2.25p.|
Radiant Gwth has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 119,502,217 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Radiant Gwth is £2,688,799.88.
|bubble pricker: so what? It rose 2 days and then it continued downwards. The share price is 60% down since last November.|
|bubble pricker: Parvez, congratulations on saving what was left of your investment.
Remember, RADG raised £6m in cash last year upon its IPO, and floated at 10p, a market cap of about £10. So it already floated at a premium to cash without having any other assets and management having no experience whatsoever in the natural resource sector. Now the market cap stands at £38m. There is no justification whatsoever for this. The company still is mostly in cash, and has made only one investment. Why did the share price rise so much for no reason? Following IPO, the shares were pumped by boiler rooms to naive investors. This was done to allow the "friends" of the founders to offload their pre-IPO shares. Meanwhile, the rest of the cash will be whittled away on director's salaries and more pointless investments until the company eventually dies worthless, at which point it will be renamed and the whole thing repeated. Believe it or not, there is an infinite supply of novice and naive investors who will fall for this again and again. It is a legalised scam.
Invest your money in a proper company.|
|bubble pricker: How is this going back up? And how can a short from 52p be burning when the share price is 39?|
Radiant Gwth share price data is direct from the London Stock Exchange