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Small uptick in shorts again. I wonder where they want this to settle?
I guess the only real positive that is evidenced is that 1) shorts gave significantly reduced in recent months, was over 4% recently 2) IIs have increased their holdings recently, Norge twice, and 3) a company like sainsburys which is a defensive stock during inflation, is profitable, increasing revenue and pays a decent dividend has 4% plus shorts which I can't understand really.
What we don't know is if these shorts are also long and with other companies like Blackrock, they hedge short against being long.
My fear is NETW's about to see competitive price pressure in their home market - I don't have any evidence of it, but short sellers will have done their research so I'm worried; they're so sticky with this stock, it must be something fueling them. Known unknown or unknown unknown? Or maybe everything's just dandy and we're simply witnessing a bear market...
This has plateaued, it's just stuck, doesn't bounce with markets, or go down too much the last few days.
Either a background buyer or seller imo.
Another 0.5% short open and downward slide continues, I know the market is bad at present but owning this share is a disaster
It's so corrupt it's scandalous and they get away with it because it's not a well known Ftse stock.
Take this morning, it dropped down to 175 down 7% on literally 5 trades totalling about 8k, how can that be right or justified, just because it suited them.
Personally I think because this is not traded by PIs it goes under the radar and the fundamentals of the company are completely missed or just ignored.
It was good to see Kuvari reducing their short, but for me as soon as I recover my paper losses I'm gone because it feels like this is priced by individuals for their own needs and doesn't seem to follow sentiment or any sector each day.
This has been hammered the last 6 months and has not experienced any of the bounces, and for a growing company focusing on markets where inflation is not really an issue, if other companies with high debt and that are vulnerable to inflation can have good bounces in between sell offs this certainly should too, but it doesnt.
Another day for the shorters I'm afraid.
It'll frustrate you into selling in the end.
Agree, there are probably few quality institutions of note on the share register any more - my point being that many left long ago, or are now just too skeptical.
The competitor to Network is one of the big UAE universal banks, I don't remember which. I've been trying to find info about this possible third entrant. The attraction is the still fat pricing structure in UAE for issuance and processing, also merchant acquisition. So there are some fundamental risks to the earnings outlook, I just don't know probability or magnitude.
But at a certain point, it's worth the risk.
This stock as recovered +50% in a matter of weeks a few times now, so you might well get your 280p exit opportunity sooner than you think. World is looking quite dark right now though.
Seatank
It's the only thing that makes any logical sense what you say about what this slide is driven by.
Every update has forecast revenue growth, debt is manageable, the fundamentals look solid enough, so the only conclusion can be that the market is not valuing companies by their credentials, but by what you've said.
And as far as IIs, I think capital research are the largest holder 18.1%, followed by Mastercard 8 9%, there are others around 6-7% including Blackrock, but I think looking at the daily trades, a majority are AT and not PIs, and I think that is why the SP here is so easily vulnerable to considerable downturns on ridiculous 100- 200 sells at times.
Personally I think IR are useless here, not exactly sure what they do, because they aren't attracting any significant IIs to the table.
I need 280 to break even on 50k shares, so I'm far from happy here and anticipate having to wait a while, hope I'm still alive.
Out of interest who is the existing other company already in play that you referred to in your last point about a third?
Chart tosh
Three things:
1. everything tech and fintech related has been sinking for a long while now; fundamentals and DCFs aren't driving share price action so much as sentiment and flows
2. Who's the natural institutional shareholder of this stock? Nobody...cos it's clearly a Gulf/Africa/EM company, so in my view UK institutions have been capitulating purely on share price action and fear of unknowns (read NMC Health)
3. There has been talk in UAE of entry of a third player in card issuance/processing or merchant payments, which could cut the cake and pressure pricing: this is a longer term threat and hard to assess but is terrible for sentiment.
My view is it's a solid company but the ugly chart puts me off, but at these levels I'm very very tempted
The shorters are still betting it to fall if the constant recent falls are anything to go by.
Chart points to about 125p being a good time to buy in.
Plus entry into saudi should see further revenue growth. Can't see how a company like this which home markets produce oil, is affected by inflation.
It defies any logic how this just falls and falls on no volume, with strong fundamentals.
There was some very large buys last week, approximately 8 million in a few days, no large sells, and down she goes.
IR are hopeless, really don't know why they're employed.
I'm sat on 50k shares at 2.80 , this is ruining my portfolio.
According to Stockopedia, the 12m forward PE is now 13.2. That's quite cheap for a company like this.
I'm expecting the UAE economy to stay strong, given the record oil revenue and am planning to re-enter NETW if it ever stops dropping.
Just had email from simply as I follow this share and they think 54% under valued
Investor sentiment deteriorated over the past week
After last week's 16% share price decline to UK£1.90, the stock trades at a forward P/E ratio of 17x.
• Average forward P/E is 27x in the IT industry in the United Kingdom.
• Total loss to shareholders of 68% over the past three years.
The amount this drops on such low volume is incredible.
I can't break even either and have held well over a year.
It ticks all the boxes of a quality growing company with vast markets in Africa and the Middle East, growing revenue, yet falls like a stone on nothing.
Investor relations are hopeless, what do they actually do, total waste of space.
Depending on next update If good this will rise again towards 300 then back down again,Held this dog for 2 years and still cant break even
And taking the price back down to a level from which they can benefit handsomely. It is a pattern that just repeats itself over and over again.