The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Yeah me too JCB , I really don't think it's the market, I think it's shorters, can only be.
Brokers reiterated outperform and 440 target.
The only thing that gives me any comfort is looking at other payment sector companies, say Wise group, PayPal, visa, look at their performance over 1, 6 months even a year, they're all similar.
You would think so but looks like the market is not impressed, so not sure what the future holds .I will give it this year to see If we recover but so frustrating
After those results?
Seems wrong that a competitor Wise group is up more than this today.
I've lost the will to live with this share, I anticipate it taking the rest of this year to recover my losses ( 290) .
This return to pre pandemic growth and numbers has been laid out for 6 months, yet the sp has halved almost in that time.
Even after recent updates and good broker forecasts outperform, 440 etc, nothing gave the SP what it deserves.
So yes good day today, but needs to be sustained and from the performance over the last year, I wouldn't be surprise if this is back in 170s before the end of the week.
The only plausible explanation can be shorters working it all the time.
Come on Network your costing me a fortune.Results look good to me even though I'm no Expert we need 100% gain this year please
Results look excellent revenue back to pre-pandemic levels!
I doubt it, all the trading updates have been good the entire last year and this pile of S--t has dropped continuously from 409 on 8th March 21 to where we are today.
Useless IR, highly shorted because they can get away with it, I'm so far down with this, my worst ever Investment.
2021 year results tomorrow hopefully they will be good which could trigger immediate turnaround in fortunes
This share keeps going down and patience is tested but what else can be done part from being patient. Hopefully will come good!
Have you not thought about going short yourself? might make more sense.
Last time I looked at his website the Naked Trader was shorting the share.
Seems like they have been capitalising again today.
I've been holding this for nearly a year, through various very decent trading updates, and it's just be in freefall, down 60% in 1 year.
I ve noticed all the little sells also, 1 day there were about 6 or 7 for 301 exactly, I mean who sells 301 shares 7 times.
Take yesterday, the UT trade was registered as a buy at 195.30 x 250k shares, yet the price never even reached that level.
IR are useless, MMs and shorters have got free rein to do what they want.
I'm not selling at a huge loss so have written this year off.
Results next week will show growth and increased revenue on 2019, may get a 5 % rise on the day, but won't change anything until market sentiment completely changes.
Further as if to amplify the strange sp movement though I daresay we shouldn't overanalyse the sp on just one day, but today we're down 7% with an increased holding RNS and FXPO 's key assets are at risk from the tragic situation in Ukraine and down less than us. Let's have some order all around soon.
It is frustrating to watch the repeated drift down in the sp punctuated by the odd reset in order to serve up same again. The daily trading pattern showing those countless small value A trades and generally small overall value and same again today but with a few large trades after the close. Hopefully they are buys or at least indicative of a seller closing out, and a further crumb of comfort from the RNS showing someone at least has increased their holding. I didn't think the last trading update guided such a downward trend thus perhaps with patience the wheel will turn and better value shown. Holding patiently.
Shorts increased; I'm still watching this, but only from the sideline. Too dangerous for me to re-enter until shorts disappear. Very difficult to believe that this type of behaviour is legal, but it is what it is and the FCA seem to be clueless to stop it.
How can the UT trade of 250k be at a price lower than the SP reached today?
Drive the price up to then drip sell their newly borrowed shares, I hope they really suffer in some way.
I know, I'm so underwater it's depressing!!
Canetoad, I think you're right in that this is not a well privately invested company in the UK, but they don't have large amounts of debt, the interest payments are more than manageable by the looks of it, cant see it halving in value based on a US correction.
It just seems to be wandering aimlessly, not helped by shorts that are playing it every day, you can seen by the amounts of buys/sells , often a figure like 316 shares sold x 6 times for example.
It is baffling as to why short interest is so high given the business is improving, Increase in revenue, Mastercard revenue not yet included, entry to Saudi 1st quarter, whats not to like ?
Personally my holding is way too high and am desperate to reduce but need 310 just to break even, when that eventually happens again, this year or next I will reduce and then hold the balance long term.
I wished I stayed out cant even get a green day when the FTSE250 is up 250 points,hopeless
Pros:
By all the metrics I see, this is a solid company. Revenue looks to be on upward trajectory. They've managed to stay profitable throughout the past two years, though they're well down on previous years. I would have thought the Shadow Fall story has now subsided, because DPO is now done and it's contributing nicely to revenue.
Cons:
- Forward PE is 20.7. That's a high multiple for the UK markets and this type of 'growth' stock is being hammered at the moment
- The short interest is still high. That is significant, because NETW does not have a significant retail following in the UK.
- The technicals look terrible
Verdict:
I'm staying out until I see an improvement. The US market has *not* dropped significantly yet; it could still do that. If it does, I think there's the chance that a share like NETW could drop to a PE of 10 or lower, which would represent a 50% drop from here. That's too risky for me.
I am by no means an experienced investor. However NETW looks like it may come good in the future. Revenue expected to be $351m compared to $285m for 2020 and $335m in 2019 (according to their November presentation). In 2019, with lower revenue, they made a profit of $57m. I would hope something similar can be achieved for 2021 (all things being equal). Will a 10 fold increase in profit compared to last year satisfy the City. This is ignoring future growth. Any thoughts?
We all are in a similar situation, just topped up again and hoping for the best and still believe in long term and I personally preferer to be in this share compared to other fintech companies, definitely there is manipulation going on with NETW but the company has great potential until they come out with bad news such as profit warning or other bad news I am staying put and I am also aware of about shadow fall have been involved in the past and I also believe the shorter's will be reduced eventually.
461
Probably 100% right, I long for the day I can get out at minimal loss or even. Been appalling the way this has performed. Constant downward spiral since last April.
And look at all the 416 sells in a row. Completely manipulated.
Probably 100% right, I long for the day I can get out at minimal loss or even. Been appalling the way this has performed. Constant downward spiral since last April.
The trading on this share does seem odd,If you get a run of buys then straight after you get a run of sells all at the same time usually small amounts as though it is being done to hold back the share price.Maybe it is me being cynical