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I agree Jäegermeister l…
I think that Tom guy is a great trader, selling this bag of garbage for 1bilz
I had a look at tasty trade on Twitter, they have 59k followers.. which is incredibly small but ok financial is nice… video views is 444.. which is absolutely abysmal.
I love how we bought 20 times revenue!! I mean that is the height of insanity.. but Matt who has no idea how equities work.. thinks it’s great.
Matt the share price was 9£ it is no longer 9£
It is significantly less how can you not keep up with this?
You are being a prick.
Because at the fb of the day you are wrong, I think you should stick to index funds because I hope you are just pumping to try and make a quick gain. The price is down from where we bought tasty trade. We have lost money.
If you want to learn how equities work I will link you some books.
18 - I don't know what you mean by 'locked in'? Now listen carefully, it's very simple. You said everyone had lost money over the last year. 12 months ago (1 year) the price was 750p. It is now over 790p. That is a rise, not a fall. I am desperately trying not to call you names here as I have promised myself I would stop doing that on these boards (for example, the old me would have asked whether 18 was your age or your IQ...;-)). But I think what I'm saying is pretty clear, and struggling to work out how you are arguing against it?
Maybe Tasty was genius as:
1 The price was amazing (for the sellers)
2 It has a great name (said no-one ever)
3 It is growing really fast (well it was until now when forcasts cut)
4 It was great for the stock when announced (if you were short)
5 It was great for the stock as tasty owners offload (if you were short)
The only good reason for doing it was diversification away from CFD trading, but surely there were hundreds of better targets than this. There are more bad reasons for doing this than anyone has time to list.
Matt it cost us a billion and is costing us more because it doesn’t make any money.
Idk how that is genius.
Matt we had 9£ locked in..
I don’t know how that is not a loss to you)
Can you not look at a charts or something?
So right in literally 4 months time will you agree that we lost money because that is what the chart shows 1 year?
I feel sometimes like you are deliberately trying to avoid facts whilst pumping.
Stock price down. Eps down. 1 billion spent.
I don’t think you are looking at this objectively.
J and AoC - you do make me smile. I'm guessing you were part of the crew who said TT was an awful acquisition - now you're saying wouldn't IGG have been rubbish without TT - LOL. Also, AoC, comparing any stock with their all time high and saying they've done badly since would apply to almost every stock in the market!
Here's the facts:
- They DID buy TT, and it is already proving to be a stroke of genius
- They managed to keep the legacy business stable despite others in the industry getting creamed
- They now expect the legacy business to start growing at 5-10%, whilst TT and other fledgling businesses grow at c30%
- their balance sheet is amazing. £600m net cash, and £900m own funds (= 25% of mkt cap)
- £250mn FCF each year
- Yield above 5% and dividend 100% safe cause of bal sheet and fcf (and v. likely to grow from here)
- PE of 8x this year
It's not really that hard to understand is it?
18 - re your post at 10.58 - are you not bored of being continually wrong?. Precisely 1 year ago the price was 750p. As it is now 794, I believe that everyone here who held the shares made a c6% return.
I agree with AofC. Tasty really is the gift that can't stop giving. Just imagine where IG would be now if they had not bought them.
Obviously the shares were hit hard when it was annouced and again today as tastys owners start to sell down their holdings but that is not the worst of it.
For me the worst news is the downgrading of tasty growth projections by the analysts, they were hoping for >35% Y on Y, now 25-30%. That makes the purchase price look even worse.
Then you have all the distraction and change of focus to try to make tasty a success, at what cost to the original business? Then finally you have the remaining tasty owners who presumably are also waiting to offload, so a long term overhang.
I really hope there is a masterplan behind the purchase, but i cant see it.
MattTheBrave: It's irrelevant if the share price ends the day with an 8 at the front: in 2018 this was trading with a 9 at the front. I write as a long term holder (@650p average) who is re-evaluating a share I have usually held in higher than average regard.
For all the management puff in the interim statement the most telling fact for me was no increase in the interim dividend - indicates an uncertain management with no real confidence of future performance. Is this just a company that bobs up and down with the level of volatility and has no real control over its own performance?
The "High Potential Markets" appear to have the turnover of a busy corner shop, Spectrum, £3.8M, US OTC leveraged market £7.5M. Without the TastyTrade acquisition revenue YOY is falling when allowing for inflation and I am still trying to work out exactly what they have bought and why was it worth so much money.
June Felix never approached Tastytrade with this business adage in her head "If the Americans want to sell you something: it ain't worth buying."
Competition in this area is really hotting up: think FinecoBank and my favourite to get it right: Flatexdegiro.
IGG unexciting but safe and steady? Maybe not for much longer.
AceOfClubs
Lost money on IGG? I first bought 2Feb21, which is when I started learning this game.
Total purchases, less total sales, plus divis, has returned a CAGR of 17.01%.
Latest company update 2022 :
revenue from £854 to £958m 31/5/23 and £1.053b 31/5/24,
EPS unchanged at 83 GBp and gradual up.
divi unchanged at 12.96 GBp.
EPS are not growing so fast - why?
Capital markets expected to grow 18% this year.
The price target is unchanged £10.24 and the share price should return to the mid £8.50's GBP sometime soon, maybe £8 today, wish we knew.
I'll add my two peneth as a long termer.
Not happy with another big fall today after promising results yesterday, but I have seen it so many times before with this share. I keep telling myself to sell it but I just keep on holding for that little bit more of a rise because I think it should be worth much more fundamentally.
I was buying here back in 2014 firstly in the £5 range and traded a bit since then so I am well in profit overall but it is frustrating and any newcomers buying north of £8 may need to be very patient.
MattTheBrave thanks for the encouragement, will consider. It is a great company and product, but depends on constant and rising interest in investing (read trading) and I wonder is such interest will be maintained as covid dissappears in the rearview?
Matt we lost money this past year is what I have said. which is true for everyone here.
There isn't an overhang - these shares were bought by longer term institutional investors. That said, this will have taken out a fair amount of future latent demand for shares, but in the long term, this stock will be driven by fundamentals rather than shareholders who ended up as holders effectively by accident. This will finish today with an 8 at the front of the price IMV.
Au contraire - I've made money in this stock having bought most of it at the 4.xx and 5.xx levels. It's all in the posts if you trawl back far enough.
TCMI have sold at a huge discount... a US tech centric PE firm whose portfolio has been wrecked YTD. e.g. They were early investors in firms like Peloton and even bought more Peloton as recently as Dec 2021...
18, this is nothing to do with exit liquidity, sure there's now an overhang of supply of IG shares bought at 780p, but it's a discount that makes no sense fundamentally.
It’s called exit liquidity that is everyone who bought let them sell out higher price
From the reports "According to Bloomberg, Barclays and Jefferies were the bookrunners".
Didn't Jefferies raise projection here the other day?
I've added at the same level, 784. Nearly had a heart attack when I logged in this morning and saw the share price before I saw the reason
iPhone matt and you know I can.
Cheap shares boy loses money all the time. Is important to fade him.
This stock loses money and you cheerlead all the time matt.
We have lost money both of us. This is not good.
Leap frog - to even maintain the trader numbers, let alone grow them would have been amazing - look at CMC! The only reason the stock is down is a US PE firm decided to take their money - not a surprise - they would have been looking for an out from day 1 as holding shares in a listed UK company is not what they do. Great opportunity today, and I've added at 784p.
You only posts here or Lloyds.
You are a novice investor?
I been trading and investing for 12 years now on
3 different platforms.
Perhaps you you to read some 101 on basic trading / investing. Good luck
18 - - if you cannot even spell the word yield, can I humbly suggest that investing might not be for you.....;-)
Ok Bidstack up 100%
Mks up 50%
I think you are a loser
Filter on