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INVO Invocas

10.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Invocas LSE:INVO London Ordinary Share GB00B0ZGN364 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 10.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.00 GBX

Invocas (INVO) Latest News

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Invocas (INVO) Discussions and Chat

Invocas Forums and Chat

Date Time Title Posts
15/2/202219:47Investors only52
21/7/201520:32Debt Debt & lots of it INVOCAS can help195
03/6/201012:39Invocas Financial - the only way is up... with Charts & News33
02/6/201008:02INVOCAS - Proposed delisting from AIM-
10/2/200819:10Invocas - with Charts17

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Invocas (INVO) Most Recent Trades

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Invocas (INVO) Top Chat Posts

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Posted at 26/1/2020 17:00 by mattjos
so, at this stage of the chart development, I see CNG as a Buy at up to 17.5p & certainly if you can get on Bid and collect at under 14.6p.

However, I am in this for the bigger prize as follows:

2009 - 2013, CNG went form 2.75p to 41p. A 38.25p total advance. This is Major Wave 1

2013 to 2018, CNG's Major Wave 2 then retraced all of Wave 1 and went as low as 3p in October 2018 before leaping back to 10p

Then October 2018 to April/May/June 2019, CNG retraced again to 2.6p. In fact on one single day, it printed a low of 2.59p (the day i bought at that price on Bid).

EW theory says that Wave 2 should not re-trace to lower than the start of Wave 1 .. but, a 5% leeway is permissible

The Low of Major Wave 1 was 2.75p.
2.75p - 5% = 2.6125 …… on only one single trade on one day, did CNG print lower than 2.6p so, I believe that is near as damn it acceptable on EW theory.

So:

Major Wave 1 was 38.25p

Major Wave 2 retraced all of Wave 1 & formed a low within 5% of W1.

Major Wave 3 is now clearly underway (confirmed when it broke past the intermediate high of 10p & formed the Adam & Eve Double Bottom).

Major Wave 3 is going to be at least 1.618 * the value of Major Wave 1:

38.25p * 1.618 = 61.8885
Add on the start point of the Wave (2.59p) and we get to 61.885 + 2.59 = 64.4785p

Call it 65p for simplicity sake.

(Wave 3 is always the longest & strongest Wave & the Wave that usually 'channels'. It is also the Wave most likely to extend and might see 2.618 X the value of Wave 1 but, lets keep it simple and work on a 'standard' EW pattern for now)

Thereafter Wave 4 will set in … remember Wave 4 cannot fall lower than the peak of Wave 1 (in this case 41p).
Given how CNG tends to extremes of the Wave patterns, lets assume it falls to exactly 41p.
Finally, Wave 5 will occur and that is typically 1 x the value of Wave 1 (38.25p)

So, this gives us a Wave 5 target of 41p + 38.25p = 79.25p

So, 65p and then 79p look do-able for the longer term investor / EW practitioner.

At under 16p to buy and with what looks like strong 10p support below, that offers 300% - 400% upside as compared to 40% downside.
Posted at 12/9/2019 18:36 by mattjos
on SETS stocks, O trades can appear all day long, within the quoted spread and at both Bid or Offer prices but, do not seem to move the price. But AT trade instantly moves the price, as reported on Level 2 so, on SETS stocks I am interested in using the extremes of the indicated (Grey) Bid/Offer spread as the upper and lower parameters for the chart.
This one seems to have printed an Irregular Triangle that shot out to the downside and was halted at the 38.2% retrace level, for now.
Noe we wait to see if (as i suspect) this is actually a flag on the flagpole being printed.
Posted at 09/6/2010 19:29 by baner
INVO was floted in 2006 raising ca 9m for a Newco that bought the "old operational company". the vendors were given 70% of Newco(=INVO) plus ca £6.5m in cash, the remaining £2.5m was for new investments etc. the shares were issued at 111p !

4 years later the same vendors take the company off the market and no doubt will be able to buy the 30% back at say 30p = £2.5m.

so after 4 years as a public company they will again own 100% of the Business while having pocketed a net of £4m in cash - plus HUGE salaries and payoffs meanwhile.

it is extremely bad of Blackrock not to take action against the INVO board and their advisors in a situation like this! they have been totally screwed and the only thing they do is to vote with their feet. and for this they charge their investors fat management fees......

it is time for the LSE/AIM to intorduce rules that forbid this type of "robbing the public" as no doubt it will hurt the serious companies that are really respecting the best interest of all shareholders.

shame on the INVO directors and majority owners, shame on Charles Stanley their advisor and shame on Blackrock who just let this happen. or maybe they like being screwed?

as for Gillenhammer: sure he has spotted some excellent value here - but how avoid this being nicked by the directors?
Posted at 07/6/2010 13:45 by gogoneko
Very pleasant news to see PG buying up stock (I'd thought it was the directors doing a last-minute share grab on the cheap to get their 75%). I wouldn't be surprised if the INVO directors are suddenly feeling a bit hot under the collar with his arrival on the shareholder register as they may not get the easy ride they'd hoped for ..... interesting ....

... but might have guessed it'd be Blackrock dumping though....!

gogoneko - 20 May'10 - 08:22 - 159 of 180 edit

Very disappointed at the lack of improvement in the share price despite what looks to be a large number of purchases being made over the past week.

Based on having witnessed bad investment decisions by them elsewhere my bet is that this is due to Blackrock disposing of its holdings.
Posted at 02/6/2010 09:49 by gogoneko
There's a small chance someone will appear because in the right hands they could make good use of the business. I wrote off the value of the remainder of my shares as soon as I read the RNS title this morning anyway, my only personal comfort is in having disposed of some of my original purchase in disgust of the lack of appearance of a trading update. At least it's clear now why they didn't issue one.

[edit : I am surprised at the purchases today - I can't believe some do have the confidence that the share price can recover, unless they're happy with life on the matched bargain facilities ]
Posted at 14/5/2010 13:16 by mike_f
Established in 1998, Invocas is one of the UK's leading debt solutions companies.

We help our partners, their clients and our customers turn debt around by providing them with access to a full range of consumer, business and outsourced solutions.

Major Shareholdings:

John Michael Hall 9,580,000 33.5%
Ian William Wright 4,746,385 16.6%
Stephen John Lightley 3,486,385 12.2%
Peter Cyril Robert Lewis 2,206,385 7.7% *
Blackrock Investment Management 2,455,550 8.6%
AXA Framlington Investment Management 1,005,725 3.5%
Hargreave Hale & Co 900,000 3.2%

* Mr PCR Lewis has a beneficial interest in 226,385 shares and a non-beneficial interest in 1,980,000 shares.

70.3% of the Company's share capital is not in public hands.

In December a couple of Director buys significantly higher than current share price by the CEO which shows great confidence IMHO:

22-Dec-09 Buy David Roy Macmillan 26 GBX 67,956 138000

18-Dec-09 Buy David Roy Macmillan 25 GBX 70,044 70044

I feel the price has been slipping due to the lack of news since December but now the company is extremely undervalued IMHO. NAV of £12.5M and cash of £2.1M with market cap being a measly £4.29M at current price (15p)!!

All IMHO & DYOR. GLA
Posted at 13/5/2010 13:13 by mike_f
Key facts:

In December a couple of Director buys significantly higher than current share price by the CEO which shows great confidence IMHO:

22-Dec-09 Buy David Roy Macmillan 26 GBX 67,956 138000

18-Dec-09 Buy David Roy Macmillan 25 GBX 70,044 70044

I feel the price has been slipping due to the lack of news since December but now the company is extremely undervalued IMHO. NAV of £12.5M and cash of £2.1M with market cap being a measly £4M!!

All IMHO & DYOR. GLA
Posted at 13/5/2010 11:25 by gogoneko
Hmm! I was hoping to give the directors a kick to issue an RNS due to a falling share price, but I don't mind if it starts climbing again! :)

I think that I'd label it at best "reasonably priced", but I do think that there is recovery potential here if the directors have performed well. This should be determinable within the next six weeks if the directors stick to their historical June prelims schedule. If they're still failing to get to grips though then it could be painful.

The recent gov't insolvency stats ( ) show a mixed picture for INVO business though, e.g. increasing individual UK bankruptcy numbers, increasing corporate insolvency in Scotland but falling individual insolvencies, so it'll be interesting to see how the company has managed.

What the company may find though is that if the hammer is to fall on public sector workers then my understanding is the northern UK regions' workers are most vulnerable.
Posted at 13/5/2010 10:42 by mike_f
gogoneko, we meet again, this looks very cheap at current price... looks like the share price has been slipping back due to the lack of news but figures look good! £12.5M NAV and £2.1M cash and a current market cap of only £4M! Might have to dip my toe in here... looks a great recovery play. GLA
Posted at 20/3/2010 16:26 by gogoneko
investopia,

A bit old :

It's something that I'm aware of as well, but I would find it too AIM-like if they did attempt it, mainly because (off the top of my head) :

1) By their own admission in the previous interims the directors (under quick and unsettling management changes) have not run the company as well as is expected during recent years in what should be the optimal operational environment, hence the share price underperformance to reflect uncertainty and disappointment.
2) The company is not under financial pressure to reduce costs by not having a listing.
3) If the company is to expand its operations in a consolidating industry then it will likely require money which could be accessed through a placing. I think that a delisting would restrict this option.
4) The market cap of the company at today's value, based on standard techniques, would, I expect, not be too harsh given their performance this FY. They have yet to prove that they can pull in the profits again to cause a share revaluation.

If the company can from this point demonstrate that it can perform well under the guidance of the current management and the share price does not respond accordingly in the year ahead, then perhaps they would have a cause to complain.
Invocas share price data is direct from the London Stock Exchange

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