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At a guess maybe their loss has increased. Increasing turnover is all fine, but where is the profit? I can't see any figures except those reported in September. Massive headcount too on that revenue.
Good results reported. Is there something they are not telling us?!
For all current holders / prospective holders, please be aware that many companies are manipulating Trustpilot reviews and their business model is flawed.
This is done by inviting the customer to provide feedback using your own survey, then if they score positively inviting them to leave a Trustpilot review. This has been happening for years and is common practice across most of British companies including household names.
Really interesting watching the trades on this one (that's how dull my life is in lockdown). £250k trade at 13.44 today, listed as a sell, but runs concurrently with a tick up in bid/offer price. Such a massive trade, a third of today's volume, is obviously a buy. What gets me is the volume that drives the share price down. Thin volume, drop in price, along comes a big buyer, vacuums all of them up, and direction switches. Fascinating stuff!
I have to admit I wobbled yesterday/this morning about holding, but decided to close the laptop, go off for a few hours and am so glad I did so. Looks like the large trade (I think it was £250k or so) yesterday which pushed the price down, likely on the two days of not breaking 315p was it, and the buyers are back in town! I reckon this'll continue to rise in the way FB did. A hold for many years I think.
Aha! £250k buy, and could only be fulfilled at 314. That accounts for today. So shares are being held pretty tightly, few being sold, my guess is that 350p isn't far away.
Hang on guys. Is there another board for this share? Am I the only PI profiting from this incredible investment?
It's pretty tight up to 310! Phew! Glad I didn't get spooked post IPO! I'm guessing this is going to settle around 350 perhaps? Well, wishful thinking I guess as no one really knows, but the last few days have shown some pretty decent steady gains on quite low volumes.
It's tough to know when to buy. However, if you look at the RNS of late, you'll see that there have been several changes in institutional holdings. The price went down to 250p, so my guess is that these were all sells (I can't be bothered to do the legwork to be certain) - there's an insurance policy in place (check the RNS again, and the IPO docs) for Morgan Stanley to buy shares to 'stabilise' at 265p for 30 days. They've been doing this. So my guess is that anyone that's wanted to offload for whatever reason since the IPO will probably do it before the 30 days is over in order to guarantee at least 265, their money back. Frankly, given the price is now back up to the mid -270s, I'd guess there isn't anyone left wanting to offload quickly until the 6 month lock in is over for other shareholders, when there MAY be another sell off - but again, this will be after results, so by that time, there'll be a lot wider market for TRST shares. What does this mean? My guess is that it is increasingly less likely that there'll be a pull back as time goes on. However, I sold a third of my holding this morning to buy into a company where there is greater risk. but also greater potential reward! (FFWD)! Thus spreading my risk with the majority in TRST, some in high risk high return, and around the same amount in another high risk higher return company! TRST is my boring but safe bet for the future!
I am a trustpilot customer. To give you an idea of how they make money (if you dont know) they charge websites a membership to invite reviews from customers. In my case using a magento online shop. Trustpilot is integrated with my site and the invites go out to customers 2 weeks after ordering.
If the customer leaves a review it shows as "verified purchase" on trustpilot, so as the name suggests trustpilot facilitate the trust issue concerning whether a review is real or fake.
I have nearly 20000 reviews for my site and in a position where I cant really leave. Unfortunately TP like to put up their prices regularly. I was paying £4000 last year and its up to £6000 this year.
I am trying to negotiate a cheaper renewal but it's probably not going to be any less unless I remove some of the key features of the service like product reviews.
I hate giving the money to them but the idea of paying a bit less and trying to build up reviews with one of their competitors like feefo just isn't appealing given the time to gather the reviews.
The bottom line is trustpilot and is market leader has 17% market share in online reviews.
I dont see this changing given customer retention is incredibly strong and goes without saying online shops are sprouting up everywhere.
Impossible to guess any share price but I can see trustpilot being market leader for many many years unless the internet is shut down (unlikely)
I want to buy, unsure whether to wait for a pullback or to go in now.
No advice but speculation only: My speculatative guess is that given it is currently seeking to increase it's workforce by over 5% (around 50 jobs advertised for a payroll of 765), they are growing pretty seriously. HY results are due on August 4, nothing much is likely to happen until then. There's been a bit of a sell off, who knows by whom? But of course, employees were able to trade shares for the first time after the float. The company has achieved great growth in recent years, I'd guess this will continue. In terms of brand name, I know that Trustpilot tend to be the place I'd go to research unfamiliar business. They lead the market in terms of brand reviews. Personally, I can only see up and up. Tech is the future and less prone to cyclical dips. So it looks like a blue chip in terms of quality.
I've never bought shares on a new launch (IPO), should i buy Trustpilot shares???? anyone got any advice??
Its been a wonderful week buying and selling shares of TP - I am now on my third cycle and its not even been a week yet. It is however getting a bit tiring and perhaps move towards investing. Does anyone know, or can hazard a guess of what is a good target sp for this share? Googling didnt seem to bring much info up. thanks
Dunbot, not sure what you mean but the ticker is on IG etc since listing.
Any websites got the ticker yet apart from the main LSE one? I can see its on AJ Bell now is it on any others?
@takayama i sold my trustpilot shares just now for a nice tidy sum.
i actually did sold all my IAG and EZJ shares after your advice yesterday - good profits @ 197 on IAG. I unfortunately bought back in at 189.6 today but sold it for a very minor loss @189.4 as i think the sp will continue to drop.
Plan to buy back into trustpilot on the dip over the next day or two... as you say, opportunity costs!
deepbluediver - No probs. There'll be dips as profit takers move in, but the trend is up here and unaffected by Covid. This really is the bottom rung. I find that often IPOs are followed up by a good RNS in a few days which provides some support at the higher level - but look at Facebook and where they are now compared to IPO day!
@takayama good shoutout on this share. I am knee deep now but its all gone very blue. thanks!
Unsurprisingly, there are massive buys - £750k just now. Good time for institutions to buy at close to placing price. We won't be here again!
Nice one! I'm in. Close the laptop time and come back in a day or two to see what's happened I think!
Yay!!