Its a decent sized contract to win. Key thing here though is can they deliver it profitably. Turnover hasn't been a problem in the past, its actually making money that has been the issue.
Still a welcome rise. |
Always the possibility of an MBO here too with management already holding 43% of shares. |
Lots of buys coming in at 12.5p and with the sellers out this could move much higher today imo. |
up 35 per cent now and buying pressure very strong....great first hour |
In auction but price is now 11.50p v 12.50p |
market makers lifting up now and ready to push up higher |
agree 15.00 to 20.00 close coming today |
Zico volume is massive today 15 times more than the daily average done in the first 15 minutes ....i am expecting a rise today in share price |
bones
I don't think so , it's now NT to buy any at 12p.
Far too cheap , 15p to 20p close today. |
Yep volume has taken out lots of the stale bulls. Price should continue to rise imo once the market digests how big this contract is against the MCap. No wonder the CEO and COO are up to the maximum percentage (ie 43%) they can own without breaking concert party rules. |
Once the early sellers are out of the way shares will continue to rise higher.
Buying price beginning to to increase and it's now 11.88p.
This is a massive contract relative to market. |
today is a massive contract win = £19.5 million ...wow |
in the top 10 leaderboard gainers .....fabulous RNS and opening start |
The company habitually loses money and cash. Gaining new contracts is part of their basic business so you’d like to think this new contract will help with future cash flow but we are not advised what profit margin comes with it. I don’t see a game changer here but it should help stabilise things a bit.
As always with MTEC, check the cash flow statement when the results come out. |
volume crossed 800,000 in the first 20 minutes buys outstripping sells....people just finding out major contract win |
up 25 percent moving up nicely |
I presume you have sold already but not finished. Ha ha. |
What's your price to sell on news then? |
up 20 per cent great start |
major buying pressure incoming this morning in for a massive rise today |
agree very cheap may even rise 100 percent today on this news |
Might be good enough to finally break the 2.5 year downtrend on the chart. MCap is peanuts. |
RNS OUT
wow game changing contract £19.5 million wow .....may see 20.00+ today |
Shows the potential......... |
That's a BIGGIE for MTEC. Mkt cap is only £14m! |
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