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Traders Café with Zak Mir: Asimilar (ASLR), Cornish Metals (CUSN), Dev Clever (DEV), Infrastrata (INFA) Remote Monitored Systems (RMS)

06:14, 12th May 2021

Sometimes there can be somewhat obscure factors which affect the share price of a company. This has been highlighted over the past week or so in the aftermath of the suspension of All Active Asset Capital (AAA). As can often happen, investors in a certain company can be exposed to similar kinds of stocks, for instance, where there is a common shareholder. In the case of Asimilar (ASLR) and Dev Clever (DEV), the immediate aftermath of the AAA suspension lead to some being caught out in terms of margin, with both these shares being marked down. However, with the passing of days the sellers have faded, and both Asimilar and Dev Clever rebounded well against a sharply falling stock market. In particular, it will be interesting to see how Asimilar performs in the near term given that it is now effectively a proxy for AAA in terms of its investment holdings. Both ASLR and Dev Clever were up around 8%.

One of the better rules in terms of deciding if / when to buy a stock which is new to the market is to wait to see when the opening range is broken to the upside. In the case of Cornish Metals (CUSN) we are also of course helped by the way that the company’s line of business with reference to near-surface high grade copper and tin mineralization at the United Downs project in Cornwall, is about as hot an area in mining as one can find currently. In terms of the “opening range rule”, the initial range for Cornish Metals until the latest 12% jump was between 7.7p versus the latest close at 13p. Bulls of the stock will now be eyeing up a potential breakout of at least the former 4p plus range over coming days.

Shares of boardroom bust-up specialist / controversy generator Remote Monitored Systems (RMS) also managed to swim against the stock market tide with a 14% share price rise. This was all the more impressive given that the stock is moving in the aftermath of last week’s passion killing trading update. It would appear that it has taken this long for the bulls to get their mojo back with respect to the Pharm2farm owner and anti-viral face mask producer. In addition, as they have for some time, fans of the stock were pointing to sales prospects in Europe and India, as well as the possibility of a fresh sales initiative and / or new contracts.

Having totally walloped shareholders over the past month with a 54p high versus a 30p latest close, it may be a positive sign that Infrastrata (INFA) kept its head above water on a dismal day for the stock market. At least helping sentiment to some extent was perhaps Killick hitting the share register at 11% via a TR1, and of course a £1.6m two vessel project. On this basis alone it could be argued by some in the market that recent treatment of Infrastrata shares have been somewhat harsh. The shares rose 0.5p to 30p.

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Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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