The chart looks immature and has'nt really settled into a pattern.The results were very positive in my opinion and the new office in Strasbourg show the intention to expand in Europe.The main purpose of these traceable,automatic wheel locking trolleys is to cut back on shoplifting not just to prevent trolley loss.
This share is not volatile and the company works in a niche market.In theory a safe share with good potential to grow as new contracts come in.
Only a little worry that sp might fall off when first six months after IPO are ended in a couple of weeks.Traditionally new IPO stocks are unprofitable for the first three years,but this is'nt the scanario here as profits are up and rapid expansion is the plan.
Only negative is that market cap is too small to attract the big boys,but maybe the share is safe from shorters as well!!
I bought at 59p and am hoping for 10p rise on these results....the ADVN hope for 100p is maybe a bit much short term,however IF the share is tipped,it should appeal to many private investors because the savings to supermarkets will be very large as these trolleys definitely deter thieves and vandals,and the electronic markers mean that the quantity of trolleys can be controlled.