Quiet day in WSE land. Me thinks the imminent SL grid maintenance has everyone frantic in-world. Hopefully the day ahead has some stronger volumes. Big movers with volumes (HCL-31%), newcomer (PFW8%) and (SNE-6%). The market felt sluggish all round.
- Hope Capital Ltd (HCL) fell again today trading late at $L0.38. From the outside, this may look gloomy for the WSE, but the major shareholders are snapping up these bargains as quick as they arise with Casper Trebuchet (LEM) now capitalising over 4% and Eric Goff (HCL - non-executive director) commanding 2.87% of the company.
- Parks Fireworks (PFW) just out of IPO has kept a solid stance on its price and saw some solid gains during the day with good volumes around $L1.50, some late green hording to settle at $L1.10, still up 10% from IPO.
- Sarah Nerd Estates and Mainland Holdings (SNE) a very solid company suffering from under-educated trading saw some early gains up $L0.03 on morning close, but profit taking meant at reporting time it closed down at $L0.80
Recommendations - Not a lot to tell you today with volumes so low:
- (SHF) definitely get in on these below $L0.10
- (SNE) keep an eye on these, a small fall will rally quickly
- (HCL) if you can beat the major shareholders to the punch, get in @ $L0.40 or less!!
SW
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