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Share Views Episode 13 - Ferrum Crescent Exec-Chairman Justin Tooth talks on his re-structuring strategy and exciting new projects

Member Info for lemmink

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Member Since: Sun, 20th Sep 2009

Number of Share Chat Posts (all time): 1,235
Number of Share Chat Posts (last 30 days): 21

Last Posted: Tue 11:16

Post Distribution over the last 30 days

Tue 11:16

Orders (exp 28 oct) set to sell 2.5k @ £1.175 and £1.20 ... holding 85k
Mon 11:25

Order expiring 28th oct set to sell 2.5k @ £1.15 ... holding 87.5k
Fri 15:44

Sold 27.5k ... I'm a coward :-(
Fri 07:40

If 5 random lunatics pointed a gun at your head and demanded that you guessed wether or not the share price would be higher or lower than 50p £1 £1.50 £2 or £2.50 in 12 months time, and said get right or you're dead! ... who would you fear the most? ... (£2 me)
Thu 17:35

From the consolidated income statement (HY16) diluted EPS before special items is 13.14 cents, call it 10 pence.
So for the full year call it 20 pence and going forwards assuming debt reduction and other conditions improve I guess 30 pence.
Apply a PE ratio of 10 to that and you get £2 - £3 it may take 12 - 18 months to get there, so a small discount for time could be applied (8%) but the main discount should be for risk, which is subjective.
I have decided to apply a PE ratio of 6 which means I am valuing FXPO shares at between £1.20 and £1.80 as they stand right now.
Thu 12:52

Bought 5k @ a little under £1.14 ... holding 115k @ just under £17k spare cash
19 Oct '16

Interesting question ... dunno! ...good luck
18 Oct '16

Bought 10k @ just under £1.06 ... holding 110k & a bit over £20k cash ... massive trade went through this morning ... several million shares at roughly this price.
14 Oct '16

Chart looks like a space ship to me!
14 Oct '16

Bought 10k @ 98.3 ish p each ... holding 100k ... hoping for a jump into the £1.20 - £1.80 range ... a little worried about the quality of my opinion tbh ... putting it mildly!!

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