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I suspect some of the reported ‘sells’ are actually buys.
Debating whether to add a little at the current price. 115p is the all time low I believe, so who knows how far it could drop if it goes below it. On the flip side, it could bounce on news of an acquisition (way overdue) etc…
255p?! I'd also like to see the Berenberg note!
Thanks
Yes. I'm using IG - won't give me a quote for anything above 500 shares (to sell) and anything below it is offering me £1.
(I don't actually want to sell and was heartened by the update, which I thought was pretty decent - but I also felt a little concerned about the market reaction to it). My average here is 130p, so nothing to worry about (yet).
Berenberg saying 255p - after the update - would certainly be interested to see the note.
£1? I'm getting 116p to sell, not that that is anything to celebrate!
I agree about the update, but I think the sky high PE is predicated on the prospect of spectacular growth through M&A, which shows no signs of being realised, even 18 months after the IPO.
Regarding the fall?
Just quoted £1 to sell, which seems odd given the published price.
I didn't see anything alarming in the update, given current macro conditions.
Quite the opposite in fact...
Might have expected a better reaction to what was a pretty good update, IMHO.
Hopefully, will feed through the price in the coming days/weeks.
GLA
saas ceo.....on sky news atm
https://twitter.com/surprised_trade/status/1527571003957813248
interview below was at...... v o x markets
https://www.**********.co.uk/articles/q-a-with-james-thorne-fund-manager-at-columbia-threadneedle-18th-may-2022-13524c6/
SAAS at 50.15mins
Did a few test runs - slow day today.
Immediate quote @ 139.9999p for anything up to 25,000 shares on IG - above that number the quote changes to 144p.
What does this indicate? A big seller? I bought more late in the day yesterday and it went though at the mid price on an immediate quote. Just curious really.
https://twitter.com/surprised_trade/status/1513792235627859970
broker note out ...With a strong order book and Q1 tracking in line, it is confident of achieving its FY22 targets and flags a more buoyant market beyond, given strong projected customer demand. We note the current push into International markets and the midmarket and that SAAS is reviewing a number of acquisitions.... 12 month target price 280p
Well done for calling the bottom (probably). I can see the shares at least going back through 150p-ish, where the directors bought recently.
Thanks Pianista.
Agree re the acquisitions. Their paper is considerably cheaper than it was just a few months back. However, it moves quick this one. Just grabbed a few more myself.
GLA
KBYK - the loss of 0.8m is after IPO costs of £3.4m. The "true performance" is a profit of £2.6m.
Decent results despite 18 months of chip shortages, which in any case are expected to abate in Q3 2022.
Looks like the SP has bottomed. Probably waiting for SP to recover somewhat before launching an acquisition or two.
Look solid to me (but what do I know?) ..nice increases across the board. However, nothing of substance in respect of acquisitions. I hope the analysts really push this point during the Q&A.
You're absolutely right Pianista - at the very least PIs should be able to access a transcript of the call.
I find the following statement slightly odd. Looks like a typo, but perhaps someone here with a greater understanding than me can explain?
*Loss before tax of £0.8m for the 12 months ended 31 December 2021 (CY21) compared with a profit before tax of £1.3m for the 12 months ended 31 December 2021 (CY21)*
Cheers
I've complained before to the FCA (in relation to other companies) about this sort of cavalier treatment of PIs. There ought to be at least a transcript put up on the website.
As you say, we need news on acquisitions.
Seems not. Slightly annoying; although, I would not have been able to attend at such short notice - even via Zoom. However, it would be good if we could pose questions.
The RNS speaks of analysts but who is covering SaaS? I’m not sure it is comprehensively covered.
Perhaps Raza sees it as a chance to continuing selling the success story of the business?
PIs aren't invited, are they?
Hopefully there will be some detail about acquisition strategy. It was, after all, the heralded reason for coming to market, I thought.
Yup, SAAS and TRAK need each other more than ever!
I assume this is down due to concerns over China's lock downs and supply chains in the sector.
added a few myself :-)
03-Feb-22 10:59:44 145.50 537,000 Buy* 140.00 150.00 781.34k O
03-Feb-22 10:58:00 145.00 154,748 Unknown* 140.00 150.00 224.38k O
03-Feb-22 10:57:57 145.00 108,731 Unknown* 140.00 150.00 157.66k O
03-Feb-22 10:57:53 145.00 856,350 Unknown* 140.00 150.00 1m O
03-Feb-22 10:57:53 145.00 856,350 Unknown* 140.00 150.00 1m O
One must assume that an RNS is on its way?