Ingenta Share Discussion Threads

[encarter] 29/9/2020 16:49

30k bought this morning.

[smithie6] 29/9/2020 14:30

& in 2015

8.3 million new shares issued at 120p

raising ~£10 million before costs

which makes the current cap. value with the profitability & ~3-3.5 million of cash, look very cheap

~80p is ~ 2/3rd of price paid in that cash raising

& the new contracts announced in 2019 infers that the acquisitions in recent years have worked, in which case the share price should surely be higher than that for the placing, 120p

[encarter] 29/9/2020 14:01

Everything is rosey now so it must be annoying for directors that the share price is so low and that they have lost a chunk of cash albeit only on paper. I think the share buyback plan will prove a good way to get the share price up to a fair value. What that value is I'm not sure. I think that I read that funds have been raised at 150p not that long ago but the share price has been as high as 600p historically so perhaps a price somewhere between the 2. MM's will be happy to keep pushing the price up because they make their money from trading and know that raising the price will flush out weak holders and that any stock they get can be sold on straight away to the company at a premium. A very unusual situation.

[timbo003] 29/9/2020 12:13

>>>Smithie

I participated in that subscription (attracted by the EIS tax break) and have subsequently topped up several times since at lower prices. I think if the company is subject to any offer in the future, it will have to be substantially higher than the 130p investors paid in 2016 in order to be successful.

[smithie6] 29/9/2020 12:09

last subscription

july 2016

"The Subscription will raise up to £780,000 through the issue of 600,000 new ordinary shares at a price of 130 pence per share"

to part fund an acquisition

130p/ share

some way to go yet

(& imo the acquisition was a good one & probably played a part in the various contracts won last year)

[smithie6] 29/9/2020 11:17

good/correct point

[encarter] 28/9/2020 21:15

Some of those treasurey shares are from a previous buyback. They have about 480 grand left to buy shares.

[euclid5] 28/9/2020 20:18

91,104 Ordinary Shares are held treasury.

Co still have another 491,000 shs to buy on the open market

[euclid5] 28/9/2020 20:17

That was my 10k at 79p, had to pay that price for that size - 2p pver the ask
couldn't even buy 5,000 - no quotes - had to call the order through my broker - took a while to fill

[encarter] 28/9/2020 17:54

Yep. Buys matched sells to and the share price went up. MM's are happy to make their cut knowing they have a buyer for any stock.

[smithie6] 28/9/2020 17:33

volume still tiny, % out of the total of 16-17 million shares that are being traded in one day is minuscule

[smithie6] 28/9/2020 17:31

anyone that ever puts fixed electronic/IT stop losses in place on micro caps....is 'driving on 3 wheels' imo...but each to their own

[encarter] 28/9/2020 17:16

Another great day. Watch your stop losses boys and girls. They might try and grab your shares with a quick dip in the share price.

[smithie6] 28/9/2020 16:12

wow

a buy of 459 shares was the trigger that moved the buy price to buy up by 3p from 77p to 80p !!

& the price of 77p changed from being the price to buy...to being the price to sell...

[smithie6] 28/9/2020 14:05

1/2p spread

je je

:-)

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symm !! je je

[p1nkfish] 28/9/2020 12:06

Someone doing themselves a favour by buying as it will encourage the company to meet the price.

Nice Smithie.

[smithie6] 28/9/2020 11:57

the trade at 79p allows the buyback to also pay 79p

[smithie6] 28/9/2020 11:54

buyback

total of £500k

£18.5k bt so far

£481.5k worth of shares left to buy !

[smithie6] 28/9/2020 11:35

a trade of 10k bt at 79p

£7.9k
decent/biggish size for ING

they paid 2p over the quoted price of 79p to get the volume, higher than the nms

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the MM is confident he can obtain 10k shares at 79p or below, & not lose money,
.. I'm fairly confident that the price to sell will be at least 79p within the coming days/hours

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so, we're off again

(anyone that sold at 55p, 60p, 65p, 70p
that wasn't so clever !)

[p1nkfish] 28/9/2020 11:32

Low thousands available, small holders selling. Supply tight and only likely to tighten further.

[encarter] 28/9/2020 11:22

While we wait for the next step up take a look at SEEN. Plenty of cash and the fun due to start Q3 2020. Read last set of results for info.

[euclid5] 28/9/2020 10:11

hard to buy any shares, even 5000 or 10,000 - none being offered

[smithie6] 28/9/2020 09:06

share buyback

25k trade reported today for last week

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dont understand why they dont do a buy trade now