Medica - share monitoring

[garindan]

This thread is for all discussion about our Medica shareholding. Please ensure your current view on the share is noted as either Hold, Buy or Sell.

Hold - keep the share
Buy - look to add to share or at least hold
Sell - sell the share

We currently own:

Medica Group : 442 shares on 10 Oct 2018 @£1.36 costing £599.21

Please contribute to the Club by posting any news, thoughts or respond to members posts about the share in this thread.

[an6ypan6y]

So we are about 10% in profit with the share price on a slightly downward trajectory. I would favour a sell and also be happy to buy in again should the price return to February levels.

Often the case with small caps, there is not much news about on this.

[parchedpeas]

I voted to hold - if we're going to do these small non-div shares then I'd be hoping for a move more like 15-20% before we considered moving them on as it looks like this one fluctuates quite frequently and I'm not sure we're really set up to 'trade' it with our historically slow response times!

[garindan]

...with our historically slow response times!

Though the whole idea of having a "rolling" vote where members can adjust their view on the share at any time is to remove this issue, or at least reduce it very significantly to almost nothing.

[garindan]

I voted to hold - if we're going to do these small non-div shares then I'd be hoping for a move more like 15-20%

I'm also of this thinking, so if we were to get back into that territory I will be reviewing my thoughts of progress and the likelihood of it going back down again.

[garindan]

Just a point - it is good to see members are changing their vote according to Medica share price / news. This is exactly why a rolling poll could help us speed up our process.

[garindan]

Still two members to submit their rolling vote. At the moment our view is 50/50, which considering past performance, I feel is quite understandable.

[BeautifulSunshine]

Indeed a 50/50 split between "Hold" and "Sell".

[BeautifulSunshine]

Closing in on 15% profit. I'm thinking to sell and we can buy back if the price is right.

[garindan]

Now in this poll and any other polls like this monitoring one there has to be a member majority..., so at the moment that means 8 votes commands majority.