The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo 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.
Think the computer is just having a break..I think the volume will not require a holdings rns unless it rises. I think it is a good medium term buy..
There's some battle going on today, bears vs bulls!
Morning HFWizard, yea it looks like someone selling, but selling very aggressively using a computer, looks to have subsided (for now) and we should be due a decent bounce here. The trade would have to be reported after crossing certain thresholds, they may not have passed a percentage but they were certainty hitting the bid when stock was loaded. I totally agree with you on the bargain status of this stock, I've held for around 1 year now but just topped up on the results and think it has good prospects with Japan coming online at some point this year! Im also hoping for a remain vote which will reduce a lot of uncertainty around the currency fluctuations, all good news for the SP
Hi derivativetrader, is this is the case we should wait for the storm to pass. i think this has happened before. at sub 150p this is a cheap stock. down below 130p its a real bargain. am i right in saying that an RNS on holdings is only mandatory after the holder has completed their transaction (selling in this case!)? Also if nothing is being forecast into the accounts for Japan right now, come end of year surely anything that is booked could be a bonus?
Its actually a joke to observe this stock. There is someone loading the ask and nailing the bid. Did it all yesterday and are doing it again today. The stock rises when there is no auto volume going through, then when the auto starts to tick it gets dropped quicker than people can get behind it
Funny that a 50k trade appears late at a much higher price. There is an ii leaving the building so this volume could carry on for a while yet and the price bashed down considerably more...There does not seem to be any underlying cause to vacate from the rns apart from the Japanese delay.. That will resolve itself and the yen is very strong at the moment. A slight delay may prove advantageous..... Interesting to watch this..
6000 ish shares on the ask @ 127 then a gap back upto 133, someone is pushing it down right now
There is a computer selling stock at the moment, its an algo that's trading about 50% of the volume. Its adding stock to the ask and hitting the bid. I've topped up here because it looks like someone is exiting a position and normal service will resume once that's finished
Looks oversold and rather attractive at these levels!!
Figures quite good. So bash it down. Trip the stop losses and then fill yer boots..
Looking into it further I think the decline may be more related to the comments about Japan: 'Owing to technical and administrative problems at local government level, the implementation of this plan to date has not gone as smoothly as planned, after a strong start, but the Japanese government is committed to the programme and is increasing financial resource to ensure swifter issuance.' ...'due to the uncertainty over timing, we have not included any profits related to My Number in our forecast for the current year. '
so still 5.86p ordinary div (4.38%). Also a special div 2.815p (2.1%). giving a toal div this year of 8.675p (6.49%) ~ give or take. based on share price of 133.75p
I was also surprised at the big decline following what looked like strong results. The only disappointment I could find was the total dividend for the year being 8.675p per share instead of the broker forecast 11.23p. I figured the special dividend must have been lower due to lower net cash (anything above £50m is paid out), thanks for the confirmation Arbitrader75. I think the lower cash would simply be due to adverse FX movements though, as underlying performance seemed fine. Does a 3p shortfall in the expected special dividend warrant a 27p share price decline? It's back to my original buy-in level so I might consider adding more.
Canacord downgrades the stock after a smaller than expected special dividend.
very strange drop in the face of very good results, an increased divi and a special divi. Must be more Brexit jitters!
a good question. this has happened before in this stock i remember. once a seller got cleared it was a steady move up. lets see if we get a holdings RNS tomorrow. i would see this as a very good top up price but am not pulling the trigger just yet.
Why the massive drop??
What a huge set of results. Div up 20% a year for next two years. Special bonus div the year. Good revenue growth. Excellent earnings generation. Very good pipeline. Ftse 250 here come!!! Financial Highlights -- Revenue up +3.8% at GBP184.0 million and +6.3% at CC -- Underlying EBITDA 9.5% higher and margin increased to 30.8% -- Underlying Pre-tax Profit of GBP40.1 million, up 14.6% -- Net cash position of GBP62.4 million -- Increase of 20% in the annual ordinary dividend -- Special dividend amounting to GBP10.6 million Operational Highlights -- Photobooth performance boosted by first stage of My Number programme in Japan -- Agreement signed with Moneygram for money transfer capability in booths -- Agreement signed with ANTS in France for driving licence applications direct from booths -- Development of 3D photo technology for security applications -- Further good progress in Revolution rollout and returns remain very satisfactory -- Continue the roll out of the launderette concept in Europe -- Production of the smaller Revolution to commence in September 2016 -- New digital photo printing kiosks showing promise
Wizard you were right to get out and back into this one. I had a limit order in for £1.40 to top up and narrowly missed out. Fingers crossed!
Johnny, 21st June confirmed. pre-referendum is a good sign of confidence. cant see how any of the business areas could have slowed in momentum. will be listening out for japan strong trading and updates on the big projects they have up their sleeve (France). and of course divs and special divs. . . . and if you had no guessed i jumped back in today with some more bullets to top up potentially.
last year were June 25th which would be good; - after the referendum, I expect high volatility in the run up to the 23rd The contribution from Japan is of great interest, not least because of the increase in business, but last year there were 177 yen to the pound, now its about 160 The Euro is trading close to where it was last year despite the referendum jitters
do we know when announcements is due? price is still falling and now a real bargain
paid today 2.575p - small crumbs of comfort now we waiting in anticipation of the FY results and possibly a special dividend?
I also had a dabble in XLM. It's negatives are that it is Israeli and mainly sends traffics to gaming firms. The market does not give fair value to either of those.