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Pennystock

Great support level - A stock for late H2 2019 - turnaroundHMI is on a cycle after hype on revenue turnaround which we will see later this year to next year. 6.4p is at good support but best to wait a few months to see progress within company before position or perhaps add a little here & wait for a top up later on. $1mil revenue as of Late Dec 2018 Strong cash position as of late Dec 2018 - $11.9mil - £11mil mcap Massive expenses by June 2018 as they were developing the company ahead of sales. The enlarged plant became fully operational in Q3 2018 so last final results don't reflect post revenue. next set of results though already known to be 25% below expectations so I think this is a stock for H2 2019 post final results as we might have a further dip then. I do think HMI will turnaround after that period as revenue should/would start increasing with less issues. keep on watchlist. -------------------------------------------------------------------------------------------------------- The Company's expectations, at this stage, are that the sales price and cost of production numbers assumed by the Company brokers are materially in line with the Company's full year expectations. The Company expects that the assumptions relating to sales volumes (and therefore revenue) and resultant profit before tax, will not be met by the 30 June year end, predominately as a result of a timing issue where the prime selling seasons in Brazil and the Company's financial year end do not reconcile and as such we see this as a timing issue not as a permanent impairment. Additionally, the Company has experienced some unbudgeted one-off costs that have impacted the Company's profit before tax in H1 2019, which are not expected to be repeated in H2 2019 or thereafter. The Company therefore expects to report a 2019 full year revenue figure approximately 25 per cent. below current analyst estimates, and to breakeven at the profit before tax level.
LSE:HMI
by vcm11
Closed above 200ma daily, RSI breakout Possible trend reversalBroke above 200ma daily & closed just above 50ma, if Monday we hold above this level then we might be heading towards weekly 200ma, eventually there will be some retrace to possibly the RSI support so best to buy on a dip as long as we stay above weekly 50ma 1.53p Target 3.64p Latest news: Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa, is pleased to announce that it has completed its first sale of crude palm oil ("CPO") from the newly commissioned palm oil mill ("POM") at Palm Bay estate. & Appointment of Director Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa today announces the appointment of Mr Patrick Kee Chuan Peng as a Non-Executive Director replacing Mr Teh Sar Moh Nee who retires with immediate effect. Mr Patrick Kee Chuan Peng joined Kuala Lumpur Kepong Berhad ("KLK") in 1982. He has vast experience in all aspects of operations at KLK and was promoted to his current position as Group Plantations Director of KLK on 1 October 2017. Mr Teh Sar Moh Nee has retired from KLK as Operations Director and accordingly steps down as a director of EPO. Michael Frayne, Non-Executive Chairman of EPO, commented: "We are delighted that Patrick has agreed to join the Board of EPO. Patrick has been at KLK since 1982 and was the former head of all KLKs plantations in Indonesia. His guidance, experience and input will be extremely valuable for the Company, especially as we ramp up our production and look to increase the yields at Palm Bay estate. "I would like to take this opportunity to thank Mr Teh for his valuable contribution to the Company since his appointment as a director in 2014. We wish Mr Teh the very best for his retirement." Mr Patrick Kee Chuan Peng, aged 60 Mr Patrick Kee Chuan Peng has served KLK's subsidiaries in various capacities from Assistant, Manager, General Manager to Regional Director in West Malaysia, Sabah and Indonesia. He is an Associate Member of the Incorporated Society of Planters. He has also attended the Senior Management Development Programme conducted by Harvard Business School and Advance Management Programme of INSEAD.
PLong
by vcm11
RSI bullish divergence - long downtrend -big risk 55-70% rewardMassive volume after placing as many ramp over twitter so high risk here but I still see RSI bullish divergence & possibly a trade here Possibly not a stock for long term, company lost over 90% value over time, Mr. Keith Broadbent has no experience as a CEO, He used to work as a Commercial Site Director at an Electronic company and before that working on motoryachts, now stepped up to CEO from previously working as COO. BoD doesn't hold many shares in the company. Long downtrend stock & high risk - placing brought further interest & many are bought on placing so beware of special interest behind. I would say short term trade but slice on spikes/rise - for long term best to see a proper trend reversal confirmation. Possible target 3.59p on last support becoming resistance - & 20ma touch. Better option for longer term - Versarien - VRS (don't hold shares - non biased)
LSE:HAYD
by vcm11
Watching for re-entry - 200ma & support closebyLithium at the moment is out of fashion but SAV is in a good place for next H2 with Feasability study to come. Please keep an eye on cash level as they mention they had enough till Q2 so unsure if they will ever raise before the feasability study. Amazing support at 4.62p so I would think it will hold this level, in case it doesn't don't hold & best to walk away & stay on sidelines. Very much bullish in the company long term but always best to get the best price as possible.
LSE:SAV
by vcm11
Possible retrace to 9p-10p before next leg BULL TRENDIt could still head higher as RSI is strong but I would have sliced at 12p-12.25p to protect some profits. trend is a really good bullish one so a retrace doesn't harm for new positions to be taken. Production should give a nice boost to further push price up. Bought at 2.4p-2.5p & sold at just above 100% I can see it was premature but that's ok as I used the profits elsewhere which done well. Still following story & like it very much so, perhaps in future I will take a further position
LSE:PRDLong
by vcm11
Investview Trading Above Key Support and Moving AveragesInvestview is trading above critical support after breaking through the $0.02 resistance level and is now attempting to build support above the $0.03. I am looking for a further bounce toward $0.06 and then higher to $0.10 in the next several months. INVU is also trading above critical moving averages on the Daily chart that indicate additional psychological support. OTC:INVU There are also many fundamental indicators that support the idea of an increase in value to the marketplace including the expansion into the Data Mining field.
OTC:INVULong
by debthamr
Bullish 10p & 16.66p target - H&S - RSI strongExtremely bullish here as progress is being made within the company. Please watch latest interview with Tony Gilby at Proactive investors. A very strong Q2 coming with newsflow! We have an H&S pattern and are within a range at moment 5.36p-6.34p so once that breaks then momentum will come. RSI seems stronger even at this levels which proves there is some volume buying 10p is a solid target for a good slice but ultimately 16.66p is the best one. after that long term as gas flows & revenue increases then this could become a major company with over £100m £300m mcap +
LSE:TLOULong
by vcm11