focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Someone mentioned on another board that there is a big anouncement tomorrow for Skrill and Neteller. Mentioned on there corresponding Twitter accounts! GLA...
At least it held above last week's high. A good sign I think. Need consolidation weeks.
Nope , but as a holder of both pays and sch I was rather hoping it may be the corporate action that people on here believe will happen. Sagi still controls the company though so won't happen unless he wants it to.
I haven't. Have you? :-)
Anybody heard any rumours ?
You were right about seeing this back off. Hopefully a few days means one and we're back blue tomorrow...
Hopefully shorts will see their chance and cash out.
As someone mention on another BB - may be indicating a deal is immenient - hence PAYS know any sp dip will be short lived - the Norges sale of the 2mn shares to the shorter also tells a story that further weakness in sp is not expected and perhaps the opposite - further rises on the way.
And no RNS re buyback today (re Tuesday) either. Which suggests that PAYS is happy with the sp around the level it is at present. It will be interesting to see if the threat of more share purchases if the sp falls a bit from here will be enough to support it. GS
@GS - The closing prices is the most important price of the day. I use them for drawing support and resistance but I prefer the additional information candles give - a bit like the candle printing today that appears to be rejecting higher prices as it runs into the bottom end of a resistance zone - you don't see that with just the close. At least we know why you have a breakout that I can't see - just goes to show there are a lot of ways to do this. I only use the 200MA as a trend filter and nothing else. The slope (or lack of) is a vital piece of information. Price has a tendency to mean revert. When the 200MA is flat price can give back an entire move - exactly as we saw after the Skrill announcement. When we saw a sustained move it was with the 200MA sloping. A mean reversion then doesn't give back everything. If you look at the chart you'll see price came back towards a rising 200MA several times on the way up. I wouldn't be surprised to see this back off a bit for a few days..
@GS - welcome back great to hear you enjoyed the hols IMHO the Risk profile is positive skewed to upside risk - at these levels 2 things can happen a) no M&A - in which case we are open to a bid as we only trade on a PE of 10 b) M&A occurs - we jump by upwards to 50%+ Given the shape of the graph and the cross over of the 200MAVG and JL comments I am pretty sure we are in for a repeat of the Skrill announcement. at worst we are taken out for a 20-30% premium in a takeover GLA
Was able to buy 4000 @ 253.3169 at 11:51:50 on 13th Dec thru Interactive Investor
@ Technie - holiday was utterly fab. First time in India and certainly not the last. I am afraid I use Sharepad which does not seem to be able to produce a link that I can post. As for the low on 13th December I could not buy any shares below 270 (I got some there) but I was able to place a couple of September 17 bets one at 241 and one at 254. Don't know if any of that helps establish a low. FWIW (because I am a rank amateur) I have been using the daily close rather than candles so for me the low was 305.xx On that basis there has been a clear rising support line between 16th December and 8th February and using the closing sp the upper resistance line is pretty clear between 19th January and 10th Feb at which point it was broken so I am guessing that will become support going forward. What is also interesting to me is that assuming the sp does not collapse, the 200 day MA must inevitably turn up (the 200 day sp's dropping off are all in the 370's and are being replaced by sp's in the 400-410's. As the 20 day average is already rising and will do so more steeply than the 200 it looks as if we are about to see one of those golden cross thingies.... All that bothers me is that I do not see any financial surprises on results day. We know it all already. @Wolf is keen on the M&A angle but I have spent enough of my life close to M&A to know that these things do not run to a timetable and tend to go wrong at the last minute with awful regularity. I have no doubt PAYS is trying but if there is no announcement before or on whichever day they announce their final results then I suspect the sp will tank. Slight schizophrenia as I am invested but am also keeping some powder dry for that eventuality as there may be some cheap stock to be picked up then. Feel free to shoot me down - I ought to be an easy target. GS
I suspect that the low that day of 229 was to hoover up as many pi's as possible who had extremly wide stop losses in place when the MM didn't fill their quotas - of the 40mn shares that traded on the 13th I suspect the vast majority were well north of 229 - clearly no one was able to buy at those levels so it was a false market in one sense. I suspect COB price is probably representative of the average of where it traded - rather than where it was marked intra day.
@moorhey - I had a similar experience trying to buy. I stacked multiple orders at 10p increments and got nothing close to market. That's why I have a concern about the accuracy of the low. If we can't be certain of the lowest price actually traded then it doesn't make sense to project forward from it. The fact it was manufactured is less of an issue. My gut says this is similar to the Brexit low in Cable or the Swissie on the removal of the peg - data will be all over the place. Stockcharts has it at 229.21.
What volume is required to constitute an SP? just 1 share? I was trying to buy on 13th Dec (via HL which holds my SIPP) offering 10% over the odds from 220 up. Tried to buy 3 or 4 times in about 5 mins and kept getting rejected, and eventually bid at 295 when the SP quote on HL was showing 260-265 and had my purchase confirmed at 292. I know it was a major downward spike, but it was manufactured and not a genuine market reaction - or does that not matter?
@GS - hope you enjoyed your holiday. I think I can see what you mean by the channel but I have had some difficulties in replicating it. Any chance you can post a chart? I see it like this at the moment: https://tc.md.it-finance.com/ProRealTime_V10_2/display_chartimage.phtml?name=6sonnsghqb8itxyy80na5skxw&type=png&purpose=share_twitter I have a breakout above a downtrend line a little earlier. The third touch to confirm the trend line coincides with the breaking of it. 200MA is flat so no trend for me. RSI still not overbought. Bollinger band expansion with price moving on the upper line is very good and suggests higher prices short term. Fib extensions and chart resistance anticipate potential resistance at current levels but as price is already there the next area is up towards 430. Where is this ending? Longer term I can easily stick a fib extension on the major decline. That should give us a target. With that said, is there agreement between brokers on the Dec 13th low? I have 232.6. What is everyone else seeing?
I suspect PAYS will be at new highs by the time the results are published (3 wks hence on the 7th) and possible M&A activity is announced - that will kick on the sp significantly beyond previous highs ( 30%+) - I still firmly believe we are suseptible to a bid at these levels and will be until we are past the 400's.
It's definitely at second break on the chart , I know there is a lot of shorters sat in on 425 avg so expect it to ramp up pretty quick ;)
Getting close to that 425 -430 mark , this is going to tick up fast ! Gla
With John Murphy under one arm and a pencil and ruler under the other I think we have been trading in a rising channel for the last 3-4 weeks. Today's sp rise looks to me like a break out from that, so I am guessing that we will see a higher support level establishing if there is no retrace in the next couple of days. Would any seasoned chartists care to comment (please be gentle)? And speculate as to where this may end? GS
Interesting that for the first time in weeks, there was no RNS today regarding the buyback of shares. Given that the sp moved up nicely on Friday, I hope the time for support is passing. If so, I cheerfully admit to being wrong in my read, although my new found charting skills.... ;-) caused me to buy a fair few back over the last couple of weeks. (See next post). GS
So it looks like Norges used the Dec 13 issue to pick up an extra 0.44% stock and then novate it across to whoever was short on the 7th Feb to possibly let them close the position and make what looks like a profit of about £0.5m into the bargain. Norges Holding in PAYS 07-Feb-17 % 05-Jan-17 % 12-Dec-16 % Shares held pre- trigger Event 14,429,926 15,914,672 14,324,628 Shares held post trigger event 14,816,695 3.06% 14,093,556 2.88% 14,767,843 3.01% Stock out on Loan 85,469 0.02% 2,167,947 0.44% 44,302 0.01% Total Holding 14,902,164 3.08% 16,261,503 3.32% 14,812,145 3.02% I am guessing there was a shorter just below the 0.5% that is now closed and possibly suffered a £0.5mn loss into the bargain
courtesy of mips55 on another board Excerpts from casino.org 11 Feb. Pennsylvania’s omnibus gambling reform bill finally made its appearance in the legislature on Thursday. The bill, HB 392, is sponsored by Representatives George Dunbar (R-56th), Rosita Youngblood (D-198th), and others, and seeks to take off where Representative John Payne (retired) left off. Payne’s online gambling bill was attached to a wider gambling expansion package last year as there seems to be an appetite in the legislature to address all the state’s gambling issues in one fell swoop. Accordingly, HB 329 is a 209-page whopper, covering everything from the regulation of daily fantasy sports and online gaming, to the authorization of slots at airports, and a fix for the state’s casino rev share problems. It comes a day after the state’s Democratic governor, Tom Wolf, unveiled his budget plan for the 2017-18 fiscal year, which factors in $150 million in extra gambling revenues, generated by a gambling expansion package that has yet to become law. Wolf isn’t the only one who believes Pennsylvania will get it together this year. Senator Mario Scavello, chairman of the Senate Community, Economic and Recreational Development Committee, said last month he believed that the state would legalize online gambling sometime in March. GLA
Yes if there are some shorters with around the 430 mark avg , so they must be considering there positions now and should they buy back the sp should tick up nicely ;) gla