Opportunity 4 MASSIVE GAINS! FITBUG are 11.25p a 1945% GAIN

Share On Facebook
share on Linkedin
Print

 

© Mike Hodges

OMG! Opportunity 4 material Gains!

OMG  should now stand for OPPORTUNITY 4 MASSIVE GAINS! –  On the  29th August we  recommended FITB at 0.55p – today they are 11.25p a  1945% GAIN

 

The news flow since we rang the bell at the bottom justifies much of the price rise – clearly, however  the company  should clear debts of £7.0m and raise  sufficient funds to further develop the business.

We usually suggest selling half your holding

The Original Article

FITBUG (FITB) 0.45p-0.55p Mkt Cap  £0.8m  Next Results; Interims to June annc. September

The Finals to  December reported in May did not make good reading , but the share price knows that already. Fitbug provide online personal health and well-being services, and have been doing so losing money for doing so almost  before gym membership was fashionable. The product is now wide spread and  most smart devises will have some sort of App that tries to get the user out of their seats  to do some exercise.  Fitbug have a sophisticated and content rich application of connected health products for the mobile healthcare market,  and were able to state  that orders  at £1.2m for 2014 were already 60% higher than the whole of last year. Customers include Tesco, Dixons and PC World in the UK as well as having clients in Australia, South Africa and the US as since the beginning of the new  financial year ten distribution partners have been appointed hopefully providing room for turnover growth in the second half. On Thursday it was announced  that a £1.75m loan had been secured – that should be enough to deliver a leverage impact for the second half of the year! The loan is from mainly the existing board and is repayable by 31st July 2015 and carries a mere 5% interest rate.

As  show of confidence in the Futbugs ability to deliver some contracts this is hard to beat – as always you make you on  minds ……

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211208 03:26:01