In The Style Group PLC (ITS.L) has been in a death spiral since its IPO and now hovers just above its all-time low. Yours truly has been accumulating since it found support.
There's an old saying among those who study the price charts;
“The bigger the base, the bigger the rise; the bigger the top, the bigger the drop.”
A key thing I look for when sifting through stocks is to find those which have been building a base for several years on the long-range price chart. The numbers, capital structure and the situation are all important too but I always begin with the chart.
Iofina PLC (IOF.L/IOFNF) was recommended to me by a reader of the blog a few months ago and I initially passed on it due to the market cap and share count being higher than I usually favour, but I found myself coming back to the chart on several subsequent occasions and digging deeper into what was happening with the company.
Time for a closer look.
Energy & Environmental Services Inc (EESE) is sat on the pink-sheets building a base and the market has left it for dead.
I've been buying.
Today's market doesn't care about Westell Technologies Corp (WSTL). Most market participants are either repulsed by it, ignoring it, or have just forgotten about it altogether. Aside from a few net-net investors and some bottom fishers there's little attention being paid to it right now.
The less attention being paid to a stock, the more I am attracted to it. There's plenty of reasons why WSTL is sat trading below NCAV on the pink-sheets but where others see risk I see opportunity.
I was recently invited back on to the Capital Employed Podcast to have another chat with Jon Kingston. We chatted about recent developments at MYX.L and I pitched the tiny AIM listed firm HDT.L.
You can listen to the show on Spotify, Youtube, Apple Podcasts and Google Podcasts.
Disclosure: Long MYX.L and HDT.L
Holders Technology PLC (HDT.L) is selling below liquidation value and building a base on the long-range chart. It's only a matter of time before the stock begins to break out and I'll be there when it does.
Most of my investment decisions happen very quickly now. It's rare that I labour over an idea to figure out if it's a buy or not. Tricorn PLC (TCN.L) is no different to the rest,
Everything lines up;
The market cap, share price, public float, price chart and situation. All just how I want them.
Learning Tree International Inc (LTRE) issued its last financials in late 2018 and then went dark in early 2019. Since then there's been very few updates regarding the company's fortunes other than the occasional news release on their website. The market hates uncertainty and the stock price has responded in kind.
PASSUR Aerospace Inc. (PSSR) is at a multi-year low on the long-range price chart and the market is not interested in it.
Worth a look.
MyCelex Technologies Corp (MYX:LON) is currently sat way down on the long range price chart and selling at a discount to tangible assets, that's enough to get me interested.
David J. Flood
UK based Investor. I focus
BLOGS I FOLLOW
No Name Stocks
Svenda's Manual of OTC Stocks
Caveat Emptor Stocks
Nothing But Net Nets
Clark Street Value
Value Investing Blog
Deep Value Investments
Value Stock Geek
Barel Karsan - Value Investing
Yet Another Value Blog
Streets Of Value
TES Optimal Value Investing
The Bad Investor
Adventures in Capitalism
White Chip Stocks
Light Blue Value
Global Investing Insight
Mesaba Range Value
The Market Plunger
Battleship Investing Blog
The Investment Long-List
Grahamian Value Digest
Canadian Value Stocks
Analyzing Bargain Stocks
Hidden Gem Investing