Whilst it is good to hear that FBT has struck a contract with a company in the eSports market, it is irritating to see no mention of money. I wonder whether this is another example of an FBT agreement whereby they allow someone to trial their technology but for which no money changes hands?
Yup, as shown on my chart, we're entering a very heavy news period in Q1-Q3 2017 imo and the market is just waiting for the signal to move her and maybe move her big - looks a superb entry at 9s both from a timing and chart perspective imo.
I suggest that you read II Editor 26.09.16 post (below). Then compare the chart with bonker's on LSE (if you can find it - he did post it again today). My view is that FBT crossed and closed above 12.68 twice in October 2016. Schroders have been a persistent seller which period started just after the stock crossed and closed above 12.68 (in fact touching 13 pence 2X). They provided liquidity but they caused the price to slip back whatever small purchases lapped up.
There has been improved news from the company and it MAY be that Schroders have slowed selling if not stopped; Miton are a cornerstone investor. If there is a trading update which is half decent the price should rise and if it breaks through 13 pence again this time it may ride towards 20.6 and then possibly higher especially if the BBC/Apple tie up completes.
" FORBIDDEN TECH, HIGHLAND NATURAL RESOURCES (again) and a word on SOUND (LSE:FBT & LSE:HNR) We're revisiting HNR due to a strange anomaly which has made itself known. Essentially, we've three arguments proposing action very soon on the share ..."
It looked like a turning point but clearly leaky ships let loose the 18 million dilution at 7p. Normally I would welcome the fund raising but releasing the two major bits of news in the wrong order has killed the share price gain. I suspect someone made a killing here.
FBT has been around since 2000, and until now have not been able to turn their R&D in video technology into profits. In spite of that the company has run a tight ship. Finally it may be that this is now the turning point with the announcement earlier this week of a major collaboration with a UK media company and a US software company (the former to test their video editing technology and the latter to help enhance the product). We are told that during this one year trial the UK company will be paying for the technology.
'Transformational' is an oft used and sometimes abused word, but if the trial is successful then FBT may have found its niche market.
"Shares in Forbidden Technologies (LSE:FBT) jumped by as much as 19% in early trade this morning after the company announced that itÂ has started a 12-month proof of concept study for its video-editing tool Forscene with a major UK ..."
"LSE:FBT:Forbidden Technologies has been an incredibly popular share since hitting multi-year lows last autumn. Adding to a recent string of contract wins, the cloud-based video editing platform has just secured a flagship deal with ..."
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.