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Directors have been picking up vast amounts of this stock in the past few months. The last RNS came out shortly after they had sold the Cheltenham Property base that one of the directors had bought 1,000,000 shares. Most of the directors now hold a good beneficial interest in the company.
With only 40 million shares in issue it seems that sooner than later the directors will be considering taking the company back into private hands by carrying out a management buyout at 10 pence.
Doc still has 3 properties.. software seems good .. (go to their website) coupled with their clients...

A great punt at these prices.

www.documedia.co.uk

In the last week there has been some very large buying in this stock with a 400,000 buy at 2 pence, followed by a 500,000 trade at 2.25 pence and a 250,000 buy at 2.25 pence.

40% spread looks a bit scary for a punt !!!!

could be interesting but dont like the 40% spread!

beat me to it plantec!

yes but I just keep accumalating, the spread is smaller when the volume is high, with only 40 million shares in issue I think there are trying to discourage buyers as they have some large buy orders to fill at the 2.5 pence level. (like the ones I have listed that have come through in the last week).

SueHelen,

But the price still has to rise a long way before you make a profit with a spread like that!

the share worth 2p now but the ask and bid price is 2.5 and 1.5 seemed take long time to make a profit/

True chaps, but have high hopes that the price rise will more than cover the spread.

Someone is buying in huge chunks at the 2.5 pence level hence the MM's are keeping a widened spread to discourage buying. That is what I think, having seen the large buys that have come through in the last week.

SueHelen, I like the look of this one and can see your point of view on the spread, am just wondering where you have found your research on them going private. Do you have a link please or some item I can read up on.

cheers GF.

Refer to their previous news releases throughtout the year. In addition, Investors Chronicle had a snippet on them mentioning the same thing at the beginning of the year due to their market capatalisation at being only 800K against assets of 10 pence a share.

Few got the hint when they attended the Annual General Meeting(AGM) in the summer.

Many Thanks for that Sue Helen.

cheers GF.

thanks for the information.

price dipped back to 2.25 pence to buy so will wait for a few days before accumalating more and would recommend the same.

T10's closing their positions today and tomorrow possibly so one to leave for this week. Will update again next week.

Moving today, any news, even the bid price has moved a fraction. Anyone got any news on this one.

Price closed at 1.75-2.25 pence today. Interims are due at the end of the month so could see some positive guidance and a management buyout could be looming.

Regards,

Sue.

Thanks Sue, I'm hopeful bought in at 2.25 so need some further movement north.. In your opinion is 10p a realistic target price ? Or is that just pie in the sky any foundation to this price?

Moving again, anyone know why?