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Have you bought back then, Trek?
It’s ready to go now. The analysts have absorbed the numbers and now believe what this company can achieve. It’s a highly cash generative low cost business. It can move up as quickly as it went down.
Usual caveats
Trek
Barely any reaction so far, but at least it's stopped glut of a daily losing streak.
Last hour might be interesting though, day's not over yet.
Disappointed with share price action today. Seems to be going nowhere fast. Sold half my holding and used to top up in OCN ready for 6% divi. Pay should rise rapidly now! GLA,
meant to say "would take"
I personally wouldn't take the Liberium note with a pinch of salt - they flip-flop between price targets like its nothing.
Samson were short during the APP takeover, once it completed they closed their short. Main thing to watch out for are the Institutional holdings...does the update change their positions?
Ah ok Petrencf that was unclear ;)
The massive short reduction makes sense now:-
Samson Rock Capital LLP 0.00% 15 Mar 2023
Samson Rock Capital LLP 0.89% 1 Mar 2023
I meant to be sarcastic. I have a massive holding here. They have made a nice progress (especially in the economic clinate), with APP on board hopefully an extra 6-8 million profit goes to the bottom line. Fair value should be 7-8 GBP imo.
PS I have todays full note , very detailed and very positive
https://ibb.co/CvBWsQp
What you mean is you are short and the big trouble (without reason or substance) is simply your pipe dream
Yesterday :-
Jefferies reinitiates PayPoint with 'buy' - price target 550 pence
Today
Liberum BUY 1100
As a previous poster said they are in big trouble but they have not admitted it yet.
Todays Liberum note is very positive. Target price 1100 BUY
On the face of it, its positive Trek. Whilst I don't think it will have a huge impact on the share price today (it should still go up 3-5%) it bodes well for the longer term. All eyes on the institutional shareholders now, wish I had some money to throw at it!
Not posted here
https://www.londonstockexchange.com/news-article/PAY/paypoint-plc-fy23-post-close-trading-update/15923636
Towards top end of expectations but no idea what that means to SP!
Usual caveats
Trek
" And all those institutional shareholders, including Asteriscos must be losing a packet on this share."
bendipa1
sunshine......if you were in this game when I was probably still in nappies then you would know institutional shareholders use derivatives to offset share price downturns ...
" And what has PAY's fortunes or misfortunes have to do with derivatives? "
blimey ..you sound really lost ...sunshine
'you dont know how the stock market works ..or how Institutional Investors hedge their long bets with Derivatives ....
do some homework'
Oh really! I've been in this game when you were probably still in nappies, sunshine. And what has PAY's fortunes or misfortunes have to do with derivatives? Do tell. I'm all ears.
“ sometimes they dont report until they have reached their target sell off level..... so if they aim to sell down 2% they notify when that has been achieved .....sometimes because they have instructed a broker to do the selling for them and then wait for the broker to complete ...and then report”
This is incorrect and would put them in trouble with the MAR!
Each notification for PAY as UK listed is at each 1% crossing for over 3%. See DTR.
From FCA handbook....DTR 5.1.2 sub para 1
“(1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR 5.3.1 R“
https://www.handbook.fca.org.uk/handbook/DTR/5/
Notification process….
https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/shareholding-notification-disclosure
I have exited today having traded down. The chart is so bearish now. I lost around £500 on my last 5k shares and parked it in other income plays and topped up at DEST.
I will await results before buying again. I expected some SP action after the APP deal bedded in but there’s been zilch and the SP has declined in a rising market. Can’t win ‘em all!
It’ll now do that 20p in a day rise!
Good luck guys,
Usual caveats
Trek
Agree with Pokerchips, it's the most plausible scenario. Guess we will all find out in due course.
sometimes they dont report until they have reached their target sell off level..... so if they aim to sell down 2% they notify when that has been achieved .....sometimes because they have instructed a broker to do the selling for them and then wait for the broker to complete ...and then report
bendipa1
you dont know how the stock market works ..or how Institutional Investors hedge their long bets with Derivatives ....
do some homework
Novice, Somethings not right. Astericos aren't actually obliged to notify the market of all their additions/disposals but they are obliged to notify the market if their holding crosses a 1% threshold either way (namely 25% or 26% in their instance).
Prior to the acquistion of Appreciate, Astericos had a declared holding of more than 25% and, following the issue of the consideration shares, would still have had a holding greater than 25% of the enlarged share capital. So, in principle, if Astericos have reduced their holding they would have been obliged to notify the market (because 17.75m shares is indeed 24.46% of the enlarged share capital).
The disparity may be due to Astericos's original disclosed holding including an indirect interest or those of a related party but there is nothing in the TR1s to suggest that.
Therefore, if the Bloomberg figures are correct and Astericos have indeed sold down c700k then the only way I can think that they could have managed it without notifying the market is to have sold off enough shares to leave them with just above 25% before the new shares were issued, allowed the issue of the new shares to (automatically) take their holding below 25% and then sold off the remainder subsequently. I don't know whether that is legal (or against the spirit of the legislation) or whether they would have been obliged to notify in any event (even if it was simply the case that the issue of the new shares took thier holding below 25%).
*trust
Hi - the Bloomberg data was correct as of 5pm on 12th April. Agree about Threadneedle, it is strange to say the least. I personally rust the data from Bloomberg as opposed to any other website, but hey, you never know.
On the Financial Times site (on marketscreener also) there are different holding numbers and those have been updateded at end of Feb/March. Threadneedle (4.5 percent) is not even your list here. Asteriscos kept increased its holding until 1st of March, I would be surprised if they would have reduced their holding since that time. But wtfik.
Agree Trotsky...there is no evidence to say that this is another Carillion. It will be interesting to see if Asteriscos sell off more of their position, if they don't, its most likely that the current trades were just some spring cleaning of their portfolio. Personally, I never believed that they were planning to take over paypoint, despite their large holding. Next dividend should be due around July, price action should be interesting over that period.