The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
DEUTSCHE BANK RESEARCH STARTS FUNDING CIRCLE WITH 'BUY' - PRICE TARGET 250 PENCE
They need stock to fill orders, wally. Its been overbought since March.
Overbought so just needs to cool off beforehand but nice rise
So I can't remember the exact numbers but it was something like £165m unrestricted cash. Current SP is about x1.5 that. So when you think of the US exit to come and a reduction in issued shares through buyback, £1 is very conservative. Once US exit complete you now have a 'profitable' business ... so 20m AEBITA for 23 and in theory growing. If you just look at a very low 6x, you are talking about 285m. That's without any outcome from the US business and growth in UK profitability...I think Flexiplay is a good play! Hearing enough about it.
I think you're £1.50 is very fair and if a company wants to pick up the business you'd think that's where they'd need to be. Even then, management might feel confident enough to bat it away and I can't say I'd blame them.
I agree. £2.50 at todays issued shares total would value the business at £800 odd million which seems high.
I think a £1.50 valuation is a lot more realistic and that's the target I'm holding for. A few ups and downs between now and then no doubt. Deutsche have been rating a few of the drinks suppliers as well and seem very ambitious with some of their price targets there as well.
Whilst I love the trajectory this is on and clearly it will eventually get over 100 ... a 250 target seems mighty ambitious for a share you could buy for as low as for 26p before they came out with buyback and US exit.
Deutsche Bank has put a buy rating on Funding Circle with a target price of 250p
Selling was happening at 40p
hope we can see 80p+ before the trading update....
There’s heavy buying today. Is someone about to make a bid for the company I wonder !!
There has been major selling today, profit taking or issues with selling the US business?
100,000 buy at 70p - getting serious now
Trading update, AGM, buyback to increase by £12.5m, update on US disposal. I have a hunch we might be taken over by one of the USA banks we are speaking to
Big week coming up
A very comfortable buy and hold
AGM coming up over the coming days and so a further 50% buy back on top of existing is on the cards: Flexipay going great too including US sale to come
Personally I think the climb will slow now we are getting over year highs. They’ll simply start finding more sellers. If the US exit delivers some £m, then I imagine that will be the catalyst for £1.
Quite the week here! The fundamentals are heavily set towards this continuing to march higher - they've so far completed just over 10% of the buyback, so still have around £22.5m to deploy. At present the quote is well above the advertised ask, with them wanting 68p for 30k shares. If the major shareholders value FCN at even half of what it IPO'd at (£4) then we are in for quite the ride.
This has got plenty of upside now, heading twoards +£1 and beyond
I think £1 will at least be achieved soonish....
Nice controlled break out to £3
Put them through in smaller batches and you get top end of range. Earlier I got 60.4 when range was 59.8-60.4. 21K was something like high 61.
63.4 now for only 25,000. T
Calmed down now. Hopefully it will hold at the 60p level prior to another jump on actual news. Hopefully that's come before the AGM.
Up 50% in 2 days on hard buying - Something cooking. Company might be forced to RNS
Picking up now