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selling 12% of the company at a fairly small discount. Sale handled solely by Jeffries shoes last target was £3.60. Ernst has been reported in the news as having bought around £3.5 million shares @ 3.93 on august 23rd, where as the rns states he sold them on that date @ £3.67. coincidently the same sale price as the placing. All in all some confusion but ultimately its probably better that there is now a wider ownership than just 12% by one investment company and nothing has changed fundamentally with the company since yesterdays close @£3.85
£3.90! Still better than dimwit Morgan @£3.50. I suppose that goes some way to explaining Barclays rather sad sp. Interesting to see the effect of $60 million deposited in the account for starters if not already priced in.
Yep. Not the only one. They all still have a considerable stake and now in the happy position of their stake paid for several times over. Probably mindful of their presidents ability to single handedly crash the global stock market with his childlike tirades. Some say it is a deliberate ploy so that he can stage manage a recovery just before is alarmingly certain re-election. Hard to believe that the market can be this gullible so often, but there again this volatility is also a warning as is the inversion curve they keep banging on about. Has been correct in the previous 5 recessions. Less trumpeted is the fact that it took the economy at least 2 years to retract to inversion indicator. Not that recessions are totally bad or enduring. The bank sp's are rather concerning. For a tech company Avst maybe more immune than some. Could be getting a bit toppy. The rise has been breathtaking so taking some profit is probably sensible. Might not be the next apple or amazon but somehow I feel this has plenty of growth left for a few years to come as has cyber crime
but not great that an Exec Director sells £Millions in shares!
continual rises as the market takes on board the great results and the product set
Price still soaring today. Lots of potential in the SP to be realised. Will stick with Avast for a while yet.
I read it Vulcan. Rather flowery piece for the ft. Cash generative with some hidden treasures. Should sail away with a good wind and following sea. Not sure why the ft think this sort of journalism is worth paying for! The previous CO Steckler was vice president of Symantec till he joined AVST in 2009. Symantec sp apparently moved nowhere for five years and has no been bought out. Sounds pretty rubbish company. Avast is a very different fish. Very innovative lots of add ons for free users which they then pay for and paying business users, which in turn leads to advertising revenue and of course the very lucrative digital data which ASCl are buying an initial stake in. None of this mention in the FT article about as in depth as the Daily Pain ! Once rebuffed from the Dow Jones, it takes time to understand what they do and how they seem to be rolling out a snowball effect like business. I think we are on a really good one here. GL
Does anyone have access to the FT? Wonder if you could copy and paste this article.....
https://www.ft.com/content/43d962c4-c33f-11e9-a8e9-296ca66511c9
The strategic partnership deal with ASCL closes around August 31st and could provide further short term impetus.
Exactly the same strategy as IWG. Price drops for several days before results and then woosh. Have topped up all the way down on both holdings. Would have been a different story obviously if results were poor, but both directors seem to have signalled quite well in advance that things were going extremely well. Thanks guys. In fact IWG didn't really react till the day after its results. Should both have a lot further to go and as news seems to spring out quite regularly will remain firmly entrenched for the foreseeable come what may
Watched an interview with the CEO on Bloomberg. He has deferred his salary and bonuses - focusing on investing into the company.
agreed - strong results - nothing negative. Market seems to like........
Interim on first reading looks good, quick synopsis
'
Revenue up from $388.6m to $425.4m
Operating profit up from $109.7m to $161.9m, fully diluted EPS at $0.11.
High levels of profitability with Adjusted EBITDA margin at 55.4%.
'
Dividend 4,4 cents XD 12 Sept Paid 11 Oct 2019
'
“Important strategic milestone in first half of 2019 … release of direct-to-consumer and carrier-based IoT solutions ( products will protect users' entire digital lives) .
Expect like-for-like FY2019 revenue growth at the upper end of stated high single-digit percent range."
Hopefully it’s another good set of results to draw more attention to Avast! Growing company with a great dividend.
Not the first time. Last month it inexplicably dropped from £3.20 to £2.90 before hitting £3.45. Good news stream and very confident new CO. Barring the total collapse of the western front I think this is a good medium to long termer. Like IWG I don't think the market is yet convinced how they make their money. Just done a great deal with ASCL which admittedly still needs approval end of August. Hope they get the same reception as IWG results
Big pull back from 345 prior to results, will be interesting to see if there is anything that warrants it
I guess the MM's trying to loosen a few shares before the half year results. Thanks for the top up @£3.30 and now you can take them back up
Results to look forward to Aug 14th.
Wind Tre and Avast deepen partnership with a converged smart home security offering for Wind brand subscribers, based on Avast's Smart Life IoT security platform for carriers
Redwood City, California, U.S. & London, U.K., August 1 , 2019 - Avast (LSE:AVST), a global leader in digital security products, today announced the roll-out of a new router security service based on Avast Smart Life, to Wind Tre, a top Italian mobile operator and among the main operators in the fixed-line market. Following on from the market launch of the WIND FAMILY PROTECT application in December, which offers on-the-go parental control solutions for families in Italy, Wind Tre is now the first of our carrier partners worldwide to add router security to its offering for Wind brand subscribers, based on Avast's Smart Life platform, to help its subscribers protect their connected homes and Internet of Things (IoT) devices.
"We are delighted that we completed the second phase of our WIND FAMILY PROTECT product roll-out, with the availability of added router security for Wind subscribers in Italy," said Peter Hobbs, VP Global Mobile Partnerships at Avast. "We share a common goal with Wind Tre in providing converged digital protection for Wind customers using the Wind Tre network, across their devices, both in the home and on-the-go. Wind already offers a mobile security solution and parental controls product based on Avast technology. The new router-based offering adds an additional level of security for Wind customers merging the protection of their home networks and connected devices through a single service. This is the first offering globally of a truly unified, centrally managed, and easy-to-use in-the-home and out-of-the-home protection solution."
"The lives of families and individuals in Italy are increasingly becoming digital, and keeping them safe shouldn't add more complexity to their lives, which is why we're offering them a fully integrated solution with WIND FAMILY PROTECT, allowing customers to protect themselves and their families at home and on-the-go," said Tommaso Vitali, B2C Marketing Director of Wind Tre. "Avast's technology perfectly fulfills our requirements in offering sophisticated security, with an easy-to-use interface for our subscribers
25/07/2019 8:00am
PR Newswire (US)
Avast (LSE:AVST)
Historical Stock Chart
1 Month : From Jun 2019 to Jul 2019
Click Here for more Avast Charts.
REDWOOD CITY, Calif. and LONDON, July 25, 2019 /PRNewswire/ -- Avast (LSE:AVST), a global leader in digital security products, has introduced built-in performance and battery-saving enhancements in the latest release of Avast Secure Browser, code-named 'Zermatt'. Memory benchmarking tests* show the new browser controls reduce CPU and RAM demand by up to 50%, and also prolong battery life by up to 20%, the equivalent of 30 additional minutes.
One of its many attributes is the way it ignores the wider market. Some say it is expensive at 19x earnings, but that may well be re-evaluated after earnings report next month. Keeps being compared to other cyber security companies which is ridiculous. The confidence of the new co is very positive. I was a bit surprised at the sp reaction compared to ASCl who is buying a slice of Jumpshot which sot up 4 % on the news but has since fallen back. They are the ones stomping up the cash to buy. They are also considered under the radar, but now we know they potentially are prepared to pay off AVST debt in 2 years time, I know which one I prefer. Cant help adding at the moment as you say 'could go stratospheric'
I'm glad I bought in earlier in the year. Considering upping my stake before it takes off into the stratosphere.
typo; pay off loans in the longer term, or possibly within a couple of years diy ure own research etc and Imo etc!
Announced a deal today which could not only boost earnings in the short term but practically pay off loans. Maybe the upcoming results will finally help the market get the bleeding obvious. hopefully not before I've freed up some more funds
typo: couldn't get a listing in the states. They don't like tech stocks that are cash generative and profitable!
after Fed signals 'even deeper rate cut.'So says the STREET. Also have just looked at a Microsoft security v AVG forum. Absolutely unanimous for AVG. I know you are supposed to have a balanced portfolio but it just doesnt work for me. I think you have to stick your neck out. Cut loose the non performers and go with momentum and quality. For me this is it. I like the fact that it has performed so well almost against brokers forecasts, under the radar and against big institutions. Couldn't even get a listen in the states! Very under rated Imo.