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Started: Holden77, 20 Jun 2024 12:04
Last post: Swaltz, Today 15:15
Yes it does.
It’s a balancing trade.
Cheers Swaltz, yeah mainly the size of the trade and that it happens every single day?
The UT is and Unwind Trade. It happens on / after closing and is a sort of balancing trade but can also be used to correct a trade error. If trades are sometimes reported wrong this is an easy way to balance things up.
I'm no expert but hope this helps, if the is what you meant.
Good day all round! Any ideas what this large UT at end of every day is about?
I wish I had some cash to buy more at these levels .... well done to anyone who topped up at 120ish yesterday.
Good luck all.
I Topped Up Again few days ago 120s and I've been buying into Pennon Group plc
LON: PNN
Hugely Undervalued with huge profits going forward and Dividends,, just like here... Strong Fundamentals going forward and Strong Growth potential and huge profits coming going forward,, so it's no brainer,, Strong Buy and Hold and Top Up on the dips
Not affecting the SP. Good news...
Started: Chasetheace13, 20 Jun 2024 10:35
Last post: Chasetheace13, 20 Jun 2024 10:35
Very glad I did a few top up yesterday, totalling £40k.
I think we may see a further recovery taking place in the coming months and hopefully not that long to wait until the US licence gets approval.
Started: Hopist, 19 Jun 2024 13:18
Last post: Hopist, 19 Jun 2024 13:18
Does anyone know which instrument they took out? It say what ever it was, was 'Open', so presume it was a Short, looks like they then reduced it later in the day as the SP went up... Is this right?
If it was a short their position could still be 'OPEN' by the 2.52%...
Apologies in advance if I've missed something already posted...
H
Last post: PartyPooper, 19 Jun 2024 12:46
Sold up at around the 130 mark, the direction this was heading became too obvious, somebody offloading in 10k and 15k lumps. When they are finished this might be worth a re-visit.
Just Topped Up
WISE should be looking to take over CABP (IMHO)....as anything below the 330p IPO price is a total steel. Other companies will also be looking closely at CABP around these levels?
However, the founding and current major shareholders surely would not be interested in anything below 400p so I'm happy to hold.
Good luck all.
Started: SilenceDogoode, 10 Jun 2024 09:23
Last post: Sp28, 14 Jun 2024 12:25
@Holden - Thanks. I do agree with you. Alot of fear being spread by new accounts. Generally speaking, many companies have taken a bashing in the last several days. Synthomer was 340p now 270p, IQE 36p to 27p etc. Happy to be holding for a few years, very cheap, but then many companies in the UK are very cheap.
IPO was mid year 2023, JPM then were front running some negative trading conditions in October by shorting.. big deal. This is a big nothing 🍔.. makes me wonder about some of these comments
Apologies,.....I mean't that article from September 2023 is not relevant now. JPM did screw up the IPO and then shorted it to their benefit. If they are now shorting it again lets' hope they get their fingers burned.
Not relevant? So they massively screw shareholders over and 9 months later it's not relevant...?! You're a more forgiving person than I am.
This is dated September 2023 so not relevant now?
Started: katstrangler, 14 Jun 2024 08:37
Last post: katstrangler, 14 Jun 2024 08:37
Make your mind up what that means...
Started: katstrangler, 14 Jun 2024 07:54
Last post: katstrangler, 14 Jun 2024 07:54
It's far more far-reaching than that and being covered by majors: https://www.reuters.com/world/africa/world-bank-approves-nigerias-225-billion-loan-request-2024-06-13/
Started: RayPurchase, 14 Jun 2024 02:15
Last post: RayPurchase, 14 Jun 2024 02:15
Started: katstrangler, 13 Jun 2024 22:50
Last post: katstrangler, 13 Jun 2024 22:50
Not sure how anyone can take the rest of your post seriously if they believe that line.
Started: katstrangler, 13 Jun 2024 16:27
Last post: fre1, 13 Jun 2024 16:47
Rns nice appoint, nice UT at the end there, almost 300k
I wonder if they will announce a divi in the trading update in July ?
Bang, there you go nice UT close way above offer.
Stops were hit and then shorters started creeping out of the woodwork. Let the company do the talking with results and there is plenty of growth to factor in which cannot be ignored. Upside very significant and US licence on the way too.
This is becoming oversold now
Started: sharesters, 12 Jun 2024 09:12
Last post: katstrangler, 12 Jun 2024 09:20
It's only oversold until the next news drops. until then there are a lot of folk now in profit on this, even if they've lost some from 165.
Surely the fall is not because of the cost of living crisis in Nigeria (in particular) and the impact on the Naira?
Diageo is the latest company to 'exit', Nigeria - according to Bloomberg.
The poor state of the Nigerian economy, isn't a new thing, and CABP are better diversified now.
Surely 125 is the end of this fall...
Think some who set stops were taken out and there is a lesson to be learnt regarding setting stops. The likes of Goldman are in here so expect this to be well beyond £2 come next month as the prospects are huge and US licence will pace the way to even greater growth
Last post: A147lek93, 10 Jun 2024 16:27
The share price should go up and down. I am actually happy, as I can buy more now. Like old Cab, 2 week big drop and then 2 weeks big rise. It will go up, just get ready for it and don't panic sell with loses.
Started: fre1, 10 Jun 2024 11:28
Last post: fre1, 10 Jun 2024 11:28
Concur with the last 2 posts, notice that post was at 9.23am this morning and is the 1st post ever - there lies the clue! Anyway, ignore the noise the charts point to strong recovery after the takeout of stop losses. Thew business is cash rich and growth is significant - they must be in the midst of getting US licence after the european licence already has paved the way for huge revenue and margin growth. II's such as goldman sachs have a nice holding here too.
Started: Multiplier7, 8 Jun 2024 17:57
Last post: Multiplier7, 8 Jun 2024 17:57
Https://www.lse.co.uk/rns/CABP/pre-close-update-wczynbr7g5hsdu4.html
Based on the last pre update, expect the H1 24 pre update on or around 16th July. Let's see where we are then 🤑
CAB Payments, a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets, announces that total income(i) for the year ended 31 December 2023 will be approximately 25% above the prior year (2022: £109.4 million).
The Company continues to benefit from the structural shift in its markets from incumbent providers to specialists such as CAB Payments. The Company has a high quality and growing customer base, made up of G10 government entities, some of the world's best known international development organisations, global remittance companies, emerging markets financial institutions and, increasingly, major market banks. CAB Payments has laid out a clear strategy to grow its customer base, expand its presence to new markets and broaden its product offering. To deliver this growth, CAB Payments is continually investing in its technology suite and capabilities, and expanding its already strong network of partners, liquidity providers, and nostro accounts across a range of markets. The Company continues to believe that successful execution of its strategy will provide material growth opportunities in the coming years and support its robust profit and cash generation.
The Company will provide additional detail on performance in 2023 with its Preliminary Results, scheduled for release on 26 March 2024.
Started: Multiplier7, 8 Jun 2024 08:05
Last post: sharesters, 8 Jun 2024 16:42
The fact that the Chief Compliance Officer sold £129k shares on May 24 is just a coincidence?!
I’ve bought the dips right down from 155. Will see what happens next week, but I plan to sell some other investments to continuing doing the same.
First time posting into these forums. Started investing during Covid. Some good and some not so good e.g. SYNT, ENET 🤣
The drop of Monday looked suspicious right from the start, and Tuesday didn't make any sense either. Such a big drop with no news and (relatively) low trade volumes is always a red flag.
I topped up with some more on Wednesday around 147p because I figured the worst was over and they couldn't push it down any further without the manipulation being blatantly obvious. How wrong I was!
However, I'm not too bothered because if you had offered me the chance to top up below 150p two weeks ago I would have taken it. It does suck though for anyone who bought in recently and had stop losses around the 140p mark.
The bad news is that both of the two shorters still have nearly 0.6% each to buy back, so there's probably another 6 or so of these manipulated drops still to come. Be careful if you have stops set, and I know I'll be waiting until late on day 3 of the drop to top up again each time.
The good news is these shorters must be losing a bunch of money as they would have sold originally around the 80-90p mark if they were lucky. The buy back is going to hurt them even now, let alone if some actual good news drops and we head towards 200p.
Market Abuse Regulation (MAR) clearly breached
Fraudulent, and a criminal offence
Reported to FCA and the Company
https://www.fca.org.uk/market-abuse-reporting-form
Totally agree that this has been manipulated for the short closer to buy back shares at a lower price. Not sure how they did this but it would have taken others to assist them. Have used the drop to buy in but will they be able to use this tactic again to close out further shorts ? Really does need the FCA notifying of market manipulation.
So now we know what all the shenanigans were this week, market manipulation by the shorters and mm's to try and close a position!
Did say small PI's are being taken through the rinser, 18% drop last week on not much volume, and another shorter reduces, looks very very desperate and also totally incredible.
It's a totally rigged market, the mm's are letting there mates out on the cheap, by hitting small investors stop losses.
Something did feel very orchestrated this week and clearly targeted.
WHAT DO THEY KNOW, seems like they have got the wind of some major news, and they've gone for the ultimate smash and grab, like they are in a mighty rush.
Both shorters have reduced in the last 6 days now, and share price goes the other way, against all logic and market dynamics hahaha
Imagine genuinely trying to reduce there positions from 165p, with little liquidity in a free and fair market, without any manipulation, CABP would have been nearer 200p.
Totally illegal and manipulated, textbook case here, this should not be allowed and investigated by the FCA. Something should be done, it's the wild west on LSE, may aswel just invest in crypto lol
I expect some big news more than ever now, after this week's shenanigans. Is US License imminent, we are very close to H2 now! Something is definitely up.
Cannot make it up if you tried, very unfortunate for everyone wiped out.
DYOR
Started: MKopportunist, 6 Jun 2024 21:00
Last post: MKopportunist, 7 Jun 2024 14:26
Looks like marketmakers are also hoping to square off their books and make a few quid from nervy private investors. Hang in there and see renewed progress over the coming weeks.
Yep MKO, shorting seems to have stopped now?
A few weeks back it was indeed 130p and a few months back it was less than 50p. I just now is your last bite of the cherry for short term huge gains. I bought a tiny bit at launch, a far larger chunk at 51p, plus more in pieces up to 145p. Yesterday's drop was z chance to add more for a quick profit, as I view 165p plus in fairly short order, with fewer severe backsliding as the price accelerates away over the coming year. 200p by year end and passing launch price in two years, viewing conservatively.
Golden opportunity? A few weeks ago it was 130.0
The jitters are being caused deliberately by institutional players to give private investors a shaking. Selling out now is exactly what private investors should NOT do. If you have spare cash, add to your holdings. I've actually dropped some other stocks to load up on this golden opportunity.
Started: stargate, 7 Jun 2024 10:16
Last post: stargate, 7 Jun 2024 10:16
Hidden bullish Commodity channel index, divergence , on the daily and weekly chart views. Confirmation of the position also from the RSI(relative strength index). Juxtaposition of the sp, with the volatility based lower bollinger band and support from P2(price peak before the most recent peak). The sp p, is trending as confirmed with the Macd, indicator registering above zero , which is a requirement for a valid hidden divergence bullish signal, often resulting in a fast sp movement . DYOR.
Started: MKopportunist, 7 Jun 2024 08:02
Last post: Trickyvegas, 7 Jun 2024 09:39
Looks like a nice day for those who topped up yesterday.
Just piled in....back to 160p+ I fancy, sooner rather than later
Opening spread of 11p. Now will we see some interesting shenanigans today?
Started: Multiplier7, 6 Jun 2024 18:21
Last post: Jonmitch, 6 Jun 2024 22:51
Ramptastic
Back in March CABP had a pull back from 115p back to 90p, similar musings at the time, and then 4th of April BOOM, EU license granted.
Today 0.4% of total shares were traded, equal buys vs Sells, but 6% down 🤔 😂
IMO Institutions are loading up, not many were selling with the gradual rise, so they've gone for the ultimate smash and grab instead! Unsuspecting PI's will have been washed away and all stop losses well and truly hit. A game of psychology nowadays.
Helios/Goldman Sachs/Working Capital Advisors/BOD/other Institutions who all own over 80%+ of all shares in issue, are not going to sell, they are actually loading up if you look at the share register, this move is only to shake out the few PI's before the bigger move up. Shorters are also reducing!
With a tight free float, unfortunately you get volatility, can work both ways!
Every single share of mine firmly locked up for minimum 18months. Happy to have Increased my holdings in CABP by 34% this week, and average up a little 🤑
Where else will you get a global growth company, expanding globally with new licenses with huge new markets, huge margins, huge FCF, huge competitive advantages and zero debt. It's a rare gem.
Email IR, they will call you back, after you can confirm your holdings, very accommodating, answered all my questions, obviously no new info, just a general conversation around the already RNS'd info, but got the sense that everything is on track as previously stated 😉. All about expansion and growth 🚀
Anyway, I'm off in 2 days for a few weeks, let's see where we are come end of the month. US license granted, we can wave 200p away in a flash, US market is gigantic! Remember they are already staffing up in New York Office 😉
Au revoir. Unless US license drops, il be back here in a flash 🤑