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I'd say so. I'll be topping up if we're still below 120 when I have funds available.
Yes PE is def. high
In terms of current sp slumped a bit further, a gd top up opportunity perhaps, taking into account year high of 1.50?
It's certainly trading at a high PE, but this is a growth stock and you have to see FFX as a potential takeover target. Organic growth for incumbent FSes will be minimal thanks to the shambles that is Brexit so I'm expecting a lot of takeovers.
True, also SP high to date is 1.51 were only at 1.20 so loads of room to go back up to 1.50 with the update.
The MK is 12 times last years revenue. This is high for a company reporting it's first profit last year. Add in the fact that the sp has quadrupled in the last 2 years and there may not be to much headroom.
However the way the companies being currently run gives good chances of meaningful future divi's which in themselves are good and will support a higher sp.
One of my successful bets.
Yes last interim update was positive, confident they will hit full year targets
Surely this will fly in January with a positive trading report.................
Yes last interim update was positive, confident they will hit full year targets
Surely this will fly in January with a positive trading report.................
Also important to keep in mind that the sector is becoming more competitive as pretenders continue to appear trying to take a slice of the banks revenue. When the next results come out, in January I think, transaction growth of 20-25% will go along way to reassure the market of the growth prospects of this business.
Yep, I'd say this is definitely a medium term play given current conditions. A good company, but all FS companies are getting battered at the moment. The market tends to overreact, and I believe we're in a similar position here.
Happy to sit on a paper loss for a little while and may top up if cash becomes available from other investments.
A large number of companies all over the markets, AIM and FTSE, are getting shredded, regardless of quality. There is no doubt in my that funds are abandoning AIM en masse in anticipation of an extended period of volatility or maybe a bear market.
For a while Blackrock was mopping up loose shares which was holding up the price but they seem to have stopped. There is also a huge overhang from some large holders sitting on some huge paper profits with the last announcement showing a reduction in their holding, which is no doubt making investors nervous.
I have decided to preserve capital and reduced today to a small core holding, its a good company and longer term prospects are sound but the selling is just too persistent. When the bounce comes I'll be ready but for now I'm mostly on the sidelines.
Thumbsup its dipped back in the 1.20's, what do you reckon will start to fly again when Jan. results are out?
Think we'll see this back in the 150 range in a flash once the markets stabilise. Good top-up opp.
Last week nearly 8m traded. Some way below market price.
5,450,000 shares bough by Mr William Currie and Mrs Catherine Currie
Anyone know why this has dipped???
that caused the blip in share price.
10:25:04 11-Oct-2018 28.44 GBX 1,902 540.97 Cancelled CANC AIMX
10:25:04 11-Oct-2018 28.44 GBX 1,902 540.97 Off-book AIMX
Both at 28.44p. The second undoing the first. BUT the blip then caused the ongoing 10% dip from this morning. If soneone knew this was coming and had a short in place they could have made big money.
What's going on today? New investor yesterday 5% stake, surely that would be going up not down?
it is down 10% though.
and after 5mins back to where it started......market games? Whatever needs to be looked at by the authorities.
sudden drop. Real or MM's taking out shorts?
sudden drop. Real or MM's taking out shorts?
Good timing too.. with Crystal amber trimming and the market weakness looks like Blackrock have been mopping up the market sells
a new corporate holder with a 5% stake.....
Can anyone shed any light on the extract from ADVFN
below?
Crystal Amber cutting their position. Pretty savage reaction, but I suppose it is because they have a big position - so could potentially be that start of a long unwind.
Thanks for sharing
"Live at the seminar on Monday I bought some FairFX (ffx). We discussed this one quite a bit - the outlook seemed perky for this challenger banking and payments brand biz.
It recently bought Cardone and offers retail and business accounts. Profits are flying high here.
At the seminar we discussed that investors just won't buy shares that have gone up a lot, they only buy ones that have gone down. I was perfectly happy to buy much higher than they have been and was rewarded yesterday with an excellent statement that has pushed the shares higher."
http://nakedtrader.co.uk
Bman1 House broker Cenkos released a broker report today. I don't have access but there is a forecast which you can see here:
https://www.marketscreener.com/FAIRFX-GROUP-PLC-17109493/financials/
Like you I'm surprised that for a company of this size and growth its only covered by the house broker. Its a great opportunity for well researched PIs to get ahead of the game.