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Thanks for the reply pmpm. First of all the trades were closer to the bid than asking price. If we take your argument that these are buys not sells my first reaction would be 'Why hasn't the share price risen significantly?'. After all we are talking 17.27% of the shares in issue. Thinking deeper, using logic, I realise that for every buyer there has to be a seller. If there are no sellers then unless the MMs have a (I think the parlance is) overhang of shares then no trade can take place. Would the MMS really be sitting on such a volume (17.27%)? Hey they might, just seems a really high figure for a company that's doing well in the market. Yes I've been reading the share chat of a few companies on this board and seen the 'MMs are manipulating the SP lines'. Personally I don't buy it and agree with you in the main, 'paranoia'. It's not to say that it doesn't happen occasionally though. Or are the cynics right and us wrong? I honestly really don't know. Suppose it might depend on how many MMs there are for each company. Manipulation would imply collusion.The more MMs that deal in a company's share the less likelihood you would think.
dave I think you will find these are not sells at all but buys. Although LSE is reporting the current spread as 21.5 / 22.0, I am getting a live price of 21.6 on the ask from Hargreaves Lansdown at the moment. When the trade is reported on here, because the trade appears to have gone through closer to the bid than to the ask, LSE assumes it was a sell when in fact it was a buy. As to why the ask is being reported as 22.0 rather than the 21.6, I must confess I am not 100% sure, but it is calculated based on what the MMs are reporting... many paranoid types would therefore tell you it's the MMs playing games / manipulating the trading pattern when things like this happen, but as far as I can tell this sort of thing doesn't seem to affect share price at all - just confuse private investors like us! hope that helps...
First ever post on here and I'll freely admit, I'm a novice when it comes to share dealing. Yesterday I observed something that puzzled me. There was 48,288,949 shares sold and 284,000 shares bought. 48 million wow that is some figure! Delving further I saw that 47,925,449 of the shares were sold in 11 trades between 13.04 and 13.27. That's 17.27% of the MC of the company. All these shares sold but the share price didn't budge at all. All the sells were at 20p except for the last 2 which were at 19.96 and 20.06 respectively. How can such big sells, a staggering 17.27% of MC, result in no drop in the share price? Like I said I'm a novice, so am I missing something here? Is something brewing?
This game stinks at times but can see why sp has been steered down! On the plus side DOTD seem to be riding the "sweet spot". Plenty of cash, clear strategy and good revenue streams. Said it before but last few results announcements have caused the sp to bomb. Got a feeling next weeks will be huge in terms of sending this to the next level and up towards 30p.
Expect an RNS next week to see which fund or inst is buying. My own opinion is good news is looming re expansion into America /Australia and will be released in October. Looking forward to the next three weeks(and beyond).
Hi, This is also showing as a 100% strong buy on barchart http://www.barchart.com/quotes/stocks/DOTD.LS. From the look of the support levels doesn't appear that I will be able to get in much less than 17.00 now. Overall picture looks promising. Strange that it is still rising with those amount of sells going through. As you say must be some big orders being filled which doesn't surprise me with this one. I will probably buy in tranches and see how it goes.
Very positive article and bodes well for the future now that a clear strategy has been set for future growth. I was hoping for a bit more info on the expansion into America and guess this will come in October when only positive news is released and not the usual **** sandwich that causes the share to bomb. Good luck getting in at the right price as this has been rising on a sea of red and IMHO some big orders are being filled. AN interesting couple of years ahead me thinks.
Just been researching this one after seeing the PA report: http://www.proactiveinvestors.co.uk/companies/news/60069/dotdigital-brokers-bullish-as-earnings-exceed-expectations-60069.html Looks like a nice one to add to the PF for a long term hold. Not yet in this one but plan to buy once things have settled after latest jump in SP.
Strong buy and a hold for medium to long term, great share for the patient invester to invest in.
The Labour Party and BP contributed to the success of dotDigital (LON:DOTD), which said earnings for the year just gone would be slightly ahead of expectations. They were among the new corporate clients to sign up for dotMailer, the company’s lead product. Landing these large companies (Investec, Santander and Bourne Leisure also signed up) is key to the group’s growth strategy as they tend to be higher value clients whose revenue base expands over time. The divisional breakdown shows that email marketing and software as a service produced the strongest growth, with revenues ahead 28% at £12.2mln for the 12 months to June 30. This more than made up for a 34% drop in sales from its search engine optimisation and web design business to £1.6mln. The upshot is the group will exceed current market guidance, which set earnings before tax interest and depreciation at £3.8mln. dotDigital said it continues to be highly cash generative with £6.1mln sitting on the balance sheet, up £2.1mln on the previous year; and this after a significant period of capital and product development. The opening of an office in New York, meanwhile, provides a platform for international expansion. In its trading update, the group revealed it looked at several potential acquisition opportunities, but judged them unlikely to add shareholder value. Instead, it says it has “compelling data that demonstrates the significant return on investment to the business from hiring additional sales personnel and effective targeted marketing”. dotDigital said the core dotMailer email marketing business continues to perform “very strongly” into the new financial year. Chief executive Peter Simmonds said: "This strong performance is again very encouraging. Demand for digital marketing continues to strengthen and for the first time in the last few years, confidence in the wider economic outlook for the UK is returning. “To maintain our record of strong organic growth we will continue to focus on product development, hiring high quality people into revenue generating roles and selectively expanding our international activities. “We look forward to providing a full update on the year's trading together with greater detail on our future growth plans when we announce our full year results in October. “I would like to take the opportunity to thank our staff for their tremendous enthusiasm, commitment and performance over the past year."
Possible trading update next week will surely give this the kick it needs towards 20p. Anyone have any clues as to how they are doing in America? Nothing but sells for several weeks and still rising!!!!!!!!!!
Wow this space is hot...sales force buys Exact Target for 150xProfit and 8xRevenue!
Hiya fella ,sorry been mad busy havent been checking much lately .Wowser just checked out OBT,seems a bit harsh ,probably getting ready for a nice rebound ,make take a punt if it doesnt fall further ,whatdya reckon ?? Hasnt been any bad news there has there ,so it seems like a drop and pop maybe !
Great news on an update with great financial performance and sp drops anyway