Techfinancials Share Discussion Threads

[backtogo] 13/6/2019 16:01

LOLOLI thought this was going up? Ramp group 1 advfn 0

[ny boy] 13/6/2019 16:01

Luckily I went against my usual long term hold policy and sold the other day @ 10.5p, having ready the news, I won’t be investing again here. GL though if you feel confident of share price growth.

[tomboyb] 13/6/2019 14:57

Should go below 5p -

That is the level when rns should of come out -

MMs ruthless -

[pwhite73] 13/6/2019 13:57

Well don't say I didn't warn you. Pure pump and dump with the assistance of MM. There are only 57 trades at 13:54 this time yesterday there was 281. I did say volumes would fall and prices return to 11/06/2019. May not happen today but will by the end of the week.

[zen12] 13/6/2019 13:26

That's naive, traders don't stick around and are the first ones to exit on a spike. They're all out by now.

[tomboyb] 13/6/2019 12:48

Traders getting bored -

down to 5-6p soon -

[zen12] 13/6/2019 12:02

Very dubious trading today..so far.

[tidy 2] 13/6/2019 09:35

Looks like the no1 riser baron has been handed to IQA today. Delayed reaction to massive news. Gla here.

[lb28] 13/6/2019 09:34

Yes good spot. It went 7.94 then two sells, then 7.90 for less shares than the 2 sells and then bid and ask shot up.

[upsondowns] 13/6/2019 09:29

Also there was a jump in the buy price between 8.31 and 8.39. Delayed buy to pop up later maybe?

[upsondowns] 13/6/2019 09:28

The actual spread was very tight at that time so hard to tell. I was getting quotes of 8.1 to buy when 8.5 was paid

[lb28] 13/6/2019 09:24

Actually the 110k at 8.05 must have been buys.

[lb28] 13/6/2019 09:20

MM's take on 110,000 at 0.8 then another 20,000 and then raise the bid.

Strange, strange goings on.

[tomboyb] 13/6/2019 09:15

The Company has taken a decision to reverse entirely the gain of US$9.49m, recognised in the interim results to 30 June 2018, of its investment in CEDEX due to the volatility in the cryptocurrency market in the subsequent months since the publication of the interim results. The Company has also decided to recognise the impairment of its investment in Dragonfinancials, the Company's 51% owned subsidiary and operator of its B2C trading platform focused on the Asia Pacific Region.

So both really are gone -

The two things that kept the share price up -

Dragon providing cashflow and CEDEX the interest -

Nothing left apart from Footies -

And cash is dwindling at an alarming rate -

So i suspect they will need to raise very soon -

[tomboyb] 13/6/2019 09:10

Blockchain revenue $3.8mill -

That is " services" to CEDEX -

CEDEX (CEDEXETH)

Looks fairly dead to me and is -

That revenue is actually the " services provided" and will falter significantly -

[lb28] 13/6/2019 09:00

Sells being hoovered up.
It's a very interesting one this.

[upsondowns] 13/6/2019 08:57

Over 8p to sell now

[zen12] 13/6/2019 08:41

On the rise again. Gla

[lb28] 13/6/2019 08:39

Blockchain revenues up 0.2 to 3.8 million.
That will at least double again...

I'm sticking around for a month.

Because if any football clubs are going to sign up, it will be over the next month in time for the new season and i'd rather be in than out when that news drops!

[fairenough11] 13/6/2019 08:31

The RNS was a shocker so the new venture will have to take off.I will wait until all the day traders have sold and see how the new venture goes on before adding any.Back to 5p/6p imo.

[letmepass] 13/6/2019 08:26

KEFI starting to build

[tomboyb] 13/6/2019 08:22

No more dividends with Dragon financials -

That really was the difference here -

Cash of $1.1mill will dwindle very quickly -

Cash burn is high -