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So speaks someone who doesn't have a clue what went on at Carillion
And all those institutional shareholders, including Asteriscos must be losing a packet on this share.
Clearly the company is in some trouble, even though they won't admit it. Eventually, of course it will all come, out just like it did with Carillion a few years ago, another one who refused to admit until the end that there were serious issues. When the sp behaves like this over a few years, you know the company is in bother
A pal of mine managed to provide me with the current II shareholders list from Bloomberg the other day. For those interested, here it is below:
Asteriscos: 24.46% 17.75m
Liontrust: 10.66% 7.73m
Schroders: 5.23% 3.79m
Brown Capital: 4.67% 3.39m
Premier Miton: 3.61% 2.62m
Aberforth: 2.75% 2.00m
Sanford Deland: 2.74% 1.99m
Janus Henderson: 2.69% 1.95m
Norges: 2.55% 1.85m
Interactive Investors: 1.95% 1.41m
Franklin Resources: 1.90% 1.38m
Hargreaves L: 1.88% 1.36m
I was surprised to see Asteriscos at 17.75m. The last TR1 they issued (as at 27th Feb) showed a shareholding of 18,427,96, which means that they have reduced their holding by 700k over the past 6 weeks. Its the first time that I've seen them reduce their shareholding over the past 3 years (I may be wrong, but generally they always seem to be adding) and given the low current price of the stock, I decided to sell out completely. Now, before anyone jumps on me, I'm not saying that they are completely selling out or that they will continue to reduce their holding. I just found it strange that they continued to add during the recent takeover (at higher prices) and now have decided to to take some risk off at slightly lower prices. Who knows, could just be shenanigans, but thought I'd share it with the BB given that most of us don't have access to Bloomberg.
Cashola, I can see good reasons why a cash limit might be in force. Firstly, it reduces the amount of cash that shopkeepers may need to bank (this is becoming increasingly difficult, not to say costly, as bank and Post Office branches closures mean that shopkeepers are having to travel further to bank cash). Secondly, it means that less cash may be held on the premises (one of the other upshots of bank and Post Office branch closures is that shopkeepers are tending to bank their cash less frequently). Thirdly, it reduces the potential payment cycle (the time between receipt of the money and the payment for services rendered). Fourthly, it becomes a question of risk (and insurance); if a shopkeeper accepts cash payment and is then robbed, who is on the hook for the payment of the bill? Not the customer (they've paid and their account has been credited); the liability would fall on Paypoint in the first instance and the shopkeeper ultimately (who'd have to reimburse Paypoint from their insurance claim - assuming they can get insurance for cash losses). Fifthly, if it was needed, banks and Post Offices are now charging more for cash handling because of the declining volumes. They are benefiting from the very problem they have helped to create!
Bottom line, the cash limit may not be all of Paypoint's making, especially if the shopkeeper has to indemnify Paypoint for any losses (regardless of whether or not they have insurance cover). You can moan all you like but everybody is having to move away from cash transactions (whether they like it or not) because of the bank and Post Office closures (it's becoming self-fulfilling). Shopkeepers will undoubtedly have some cash float on the premises but it's becoming an increasing risk and it's therefore inevitable that they too will want to reduce the amount of cash transactions and/or want to make it, as near as possible, a zero sum game on any given day i.e. the amount of cash purchases more or less equals the amount of cashback.
PS. Customers can always pay their bills by debit card. It's the new cash didn't you know ;-)
It's always worth speaking to shop-keepers.
I think this is how they lose money. Each shop with a PayPoint service is capped at how much cash they can accept for the payment of bills per transaction, so the customer has to look for another shop that does PayPoint to pay their bill. There's a PayPoint service down the road from me that does not accept any bill payments in cash!!!
Our 10k buyer seems to have kicked some life into this!
Having traded down and now given up as out of ammo for the time I need 468 for evens now from over 550!. I have been lucky putting cash in and pulling it back out for small nibbles when the share was more volatile.
I think we could see it turning now. A +20p day would be nice!
450 looks safe now and back to 500p old support which will likely become resistance could be on.
Divi just increased so it’s a good yield buying down here plus a possible aster bid!
Usual caveats
Trek
I've invested in this one and it looks like I've picked another turkey! Still as long as they keep paying a dividend I should eventually make it back into break even territory.
And keeps collecting! Some larger trades have been coming through today.
Lots of sells today, seems odd and SP goes up!
Someone is happy to collect!
Usual caveats
Trek
https://ffnews.com/newsarticle/fintech/hat-trick-of-award-wins-for-paypoint-and-clearbank/
I think it sounds worse than it is. Will be interesting to see how that unfolds over the next three years or so. Pay already has its infrastructure in place and could likely buy-out a weak competitor in the right circs.
Not posted here.
Thought it was sorted following PAY wavering of exclusivity rights. I don’t think it’s anything to worry about but has sure put a dampener on today!
https://www.londonstockexchange.com/news-article/PAY/announcement/15895103
Usual caveats
Trek
Captive participants with those energy company pre-payment meters.
SP is a massive 40% down over last 5 yrs so its just as well this share is starting to show its defensive qualities - otherwise we might be in real trouble.
At last this share is showing it’s defensive qualities. Now up on a market down day!
Usual caveats
Trek
I know that Pay isn't the most liquid or highly traded company, however, the volume for today is beyond pitiful!
>I tried dummy trades to come up with findings. If you look here on the trades tab there is a 7.5k trade gone through in one hit.. there’s also another +7.5k trade, 5k, 4k etc on the LSE site
Yea they will be off book trades but not @ 460!
Hi MBUK,
I tried dummy trades to come up with findings. If you look here on the trades tab there is a 7.5k trade gone through in one hit.. there’s also another +7.5k trade, 5k, 4k etc on the LSE site
https://api.londonstockexchange.com/api/gw/lse/download/PAY/trades
There have been other bigger trades recently. It’s a good sign that someone is taking stock on. I still think Aster are slowly adding.
Thanks for the intel from stockpedia it’s good to know we have made it through some tough investment filters. I used a more basic model to come up with PAY for my income pf.
There was a PDMR RNS today. Not listed here. Nothing exciting though just 27 management incentive shares across board.
https://www.londonstockexchange.com/news-article/PAY/paypoint-plc-director-pdmr-shareholding/15886966
Looks like it’s batten down hatches again tomorrow! Previously PAY has held up well on down days as it’s a more defensive play with a solid divi.
I would have though the budget change making electricity costs via the payment meter the same as direct debit would have given us a lift. Some customers may actually keep or even opt for a pay as you go option now to help with budget planning.
Usual caveats
Trek
So "Super Stock " is the best classification of a stock on Stockopedia derived from 3 metrics Quality, Value & Momentum:-
The Value Rank is a ranking system based on an equal weighted blend of traditional value ratios including the P/B, P/E, P/S, P/FCF, Earnings Yield and Dividend Yield. These inputs are computed for every company in the market on a daily basis, ranked, blended and then re-ranked as a percentile from 0 (worst) to 100 (best).
The Quality Rank is ranking system that aims to find the best quality listed companies. It is based on a blend of measures that include an assessment of company franchise (profitability, cashflow, margins), company risk (bankruptcy, volatility) and fundamental trend (F-Score). These inputs are computed for every company in the market on a daily basis, ranked, blended and then re-ranked as a percentile from 0 (worst) to 100 (best).
The Momentum Rank is a ranking system based on a blend of price momentum (52 week highs, relative strength) and earnings momentum (recommendation upgrades, earnings upgrades and earnings surprise) factors. These inputs are computed for every company in the market on a daily basis, ranked, blended and then re-ranked as a percentile from 0 (worst) to 100 (best).
The StockRank™ provides a simple but effective system to discover higher expected return shares. It is an equally weighted combination of the ValueRank, QualityRank and MomentumRank. These three basic ranks are computed for every company in the market on a daily basis, summed and then re-ranked as a percentile from 0 (worst) to 100 (best).
Trek I cant buy 10k on book. I could from a market maker. There is no SETS volume?
Well could buy on book - there's a 10k sell sat on @465.5 (been there a few days) but had hoped for that in auction @ 460 (probably not gonna happen)
LOL so today SETS volume so far is 4 yes FOUR...OFF Book is still only 8750
Novice I have DMA have a look at iDealing
I could sell 10k buy 5k shares here so liquidity ok?
Do you have any comments re super stock?
Thanks
Usual caveats
Trek
Mark - what platform do you use to access the auctions? Thanks
>but then there is a morning auction too before opening
That forms the opening price?
Being a tight a*rse I missed it @ 460..very little liquidity on opening auction at the mo on this
" End of day auction's UT forms the closing price PC? "
Mark
yeah . ..but then there is a morning auction too before opening
yes..price now looking attractive ...I will see what the FED do and say first and take it from there ..