In this case, Tusimple Holdings Inc - Class A finds support just below today's level at $32.17. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. On the downside, the stock finds support just below today's level from accumulated volume at $32.17 and $31.34. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Monday, October 04, 2021, and so far it has risen 3.45%. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $37.00 and $38.17. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The Tusimple Holdings Inc - Class A stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Superbigal appears to be emotionally biased against this company - one could no doubt understand why given the performance in recent years.There are mixed signals in the stock today. interest earned will cover the plc costs so no capital erosion should occur while options are evaluated. The new chairman is indeed credible and will look after the best interest of all shareholders no doubt.Īt 6p the shares must be a sound risk/reward - upside 30-50% and very little downside. the listing should be worth a further 1p/share so that in aggregate the board should be able to get 8-9p/share in a reversed transaction - to which could be added that there could be additional upside in the business being rolled into Telspec (and downside of course). there should be 20p-ish of tax losses (gross) although telecom-related mostly. It seems realistic net cash will end up at not less than £3m or just over 7p/share. Remember they netted about 2Million for stock that was actually due to be written off anyway. All the asset selling and the "conveniant" fire and insurance payments has covered this up over the last few years. I like you are worried that all the wastage in admin/wages to people now basically designing and selling nothing, is eating at the cash. The heirs of Mr H-J have been far too trusting with certain people on the board over the years. We may, of course, see all the cash wasted on admin over a few years and be left with nothing.This is a risk I am willing to take. So a sale of TSP should prove easy enough to arrange and, from a prospective purchaser's point of view, this is a considerable advantage. Hackett-Jones still hold 42%, I believe, which they must want to realise one day. Once the rest of the Costa Rica money is in, we may see some action. TSP must also have large tax losses which could in some circumstances be of value. has irons in many fires and may well be able to effect some combination that would be beneficial to a company wanting to raise c.£3 million without a rights issue and to TSP shareholders. We would not, of course, receive anything like 9p a share in a liquidation but Mr. The group balance sheet shows only £2,767,000 cash, as you say, but it also shows £1,728,000 of receivables and, in total, £3,779,000 of net assets equivalent to 9.33p per share. Shiv "Wrecker" and his cronies will continue to take their cut and wages for as long as the shareholders seem to be prepared to suffer it.Īlthough the report is rather depressing, I cannot see any surprises. Not sure anyone should want to merger or aquire. I think Peter G has not backed a winner here. Oh Dear the board finally admit that their products are now dated and uncompetitive and they wont be able to design anything new.Ĭash now down to £2,750,000 and at last NO more assets to sell.Ĭosta Rica now ALL delivered and invoiced. The Hackett Jones would be better of with lottery tickets. They managed to run this into nothing as I predicted years ago. You will do well to get tuppence halfpenny. The doors are closing and after obligations re warranties etc and more significantly paying themselves large severance cheques I reckon there will be less than £1Million in the pot to share between the 40Million shares.