tipped recently, no movement, i am none the wiser

I know moneyplus that is very early for a new ceo but that announcemnet at this moment was not a clever step because even if he had to announces the bad results he should do it (I think)using more clever words as you can not keep investor confidence saying that the company is not going to generate enough cash. He just said" Don't put money in this company". he can not say that when the company is recovering 3/4 of the price in less than a week.this is a buisness not a church in orden to be that honest.

I think what that was a stupid step. I would like to hear your opinions.

Richard

Richard I think he was giving reasons for closing and selling the groups assets and underperforming investments, also to clear the decks and be honest about the turnaround he has to achieve. Also the previous chief takes the blame for the mess the company got into---I hope all his future announcements will be good ones as they are holding onto the three best bits of the company and concentrating on them. He admits they were spread to thinly before and didn't have the funds to support it. blue again today -I am still keeping my fingers crossed Richard!

Ok moneyplus i can see that you are a good person, YOU just want to be sweet with him.but you didn't answer my question. was that a clever step o no.i just like to keep my money were it is making something, no in a free museum. have you seen the 5 year chart of this company.it is a nightmare. have been going down from 9 to 3p that is telling yuo, that if you are going to be chief in this company you have to be good,you have to be clever and you have to win. Everybody make mistake. I made one, buying here , I just don like to waste my time , looking the chart,it doesn't look good and i think we are going to be here for long time. but im still 33 by 50 i will be out jejejeje all the best RICHARD

I think you will make a profit by 35! Don't forget the chief bought a very large amount of shares himself--he must think he's in with a chance! good luck next week. I think we need Goldfinger to follow SIP he seems to find out a lot about the companies he watches. cheers m.plus

Thank you to be that positive, but to reach 35p they have to buy all fish & chips in london and add them to company jejejeje
.and that it is almost impossible. 8p could be if they can finish this cup,

What do you guys feel this will drop to, before it starts to climb?

Any thoughts?

I bought in at 3.5p and they seem to find a resistance of 4.5 now and have gone up to 6p. when things improve if this new man turns the company round they will hopefully reach 10p + within 6months---and on up. fingersxxx

Tokyo and all SIP holders............
I think we're skidding along the bottom now.
Here's hoping for a gradual climb up.

It's nice to see a few familiar names on this thread, I have been following this stock for a couple of weeks now, haven't bought in yet, as I was waiting to see what it would drop to. 4.5p seems to be the resistance price, I shall be diving in next week

Good luck Tokyo, we're all in together, but may have to be patient!

moneyplus

From reading the recent statements & the history of this company. I was thinking about 6 months. long enough for the new M.D to start to turn things around?

If it ends up around 10 pence will be very happy. At 4.5p it now looks like a good buy. Do not think the new guy can make as many mistakes as his predecesors. Hopefully the only way is up, with this company, although agree with you, it is not going to be overnight

A few positive announcements will lift the price---got to come soon!

I'm sitting on a substantial paper loss at the moment.......
since the Chairmans update.
Have decided to hang in there.
Here's hoping for all of us.
Would love to see more comments/views from other traders/holders.
Regards

hello amardev & moneyplus .looking from chart perspective i done my analysis last week and this company is channaling the 4p share price, which is not 100% bad, because, now they and us are going through an very important step, if they can lift the price to 6p -8p, a big buyer could be interested in the company, and give to them the money that they need to continue.
i haven't read nothing interesting about Scipher, but dont forget that a good investor buys during the bad news and sells during the good news
then somebody could help this company, some thing good can happen. look what happen with British Energy almost finish 3 month ago, it went from 4p to 11p, so good luck for all of you.and keep buying and buying.
RICHARD

Yes, I am sure we'll get rewards soon--the price is trying to lift off> I would like to buy more as soon as I can free up some cash!! Stay patient, remember they could be over a pound in twelve months!

moneyplus - they could be over a pound in 12 months?????

What do you base this on?

I do agree with you, SIP does look like a good investment, but not that good.

If you have some good info, please share.

looking forward to your posting

tokyo

I echo Tokyo's comments.
Is that just wishfull thinking........
or have we missed something.
Regards to all holders.

More buys than sells today, you may be able to still get these at 4.15p if you are quick. I think these could begin to move now.