Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
WT – your question “Any reason why this reached an all time high at 1.8 and drew back?” Looking back over ADVFN bboard comments around the 180p time, I see that 200p was the house broker target price and soon after the peak Shares Mag advised profit taking. It had also moved up quite quickly to that 180p or so peak so some retrace was to be expected as it was probably technically overbought. By the time the results came out – 10th March – the sp had slipped to 155p. The bboard comments indicated that pi’s were finding it difficult to decide whether to take more notice of the EBIDTA figures or the bottom line profit after tax. Confusion reigned and I suspect that is why there was that drift down to 120p by April 19th which is roughly where it stayed until 5th May. Then for no apparent reason over a 2.5 day period it descended to below 100p from which, not surprisingly it bounced back to about 118p. The sp then on Friday received its boost to its current 130p by that unannounced very positive trading update which was accompanied by the news of the shirts sponsorship deal. You referred to some chunky sells on Friday – I expect much of that was due to traders who had been following the sp and spotted the decline to below 100p. They managed to buy at or a bit above that very low price and achieved a quick return. IMO the cash increase from about £7mn to about £10mn is the key figure from the 2015 results. EBIDTA and profit after tax are a less good indicator of the way the company is progressing. I would expect this to trade between about 130p and 140p for the next month or so. I too am a newbie and I expect that some of the above picture may need reshaping by the long term viewers/shorters/holder/traders.
http://calvinayre.com/2016/05/13/business/32red-leeds-united-shirt-deal/ May 13, 2016 32RED STARTS 2016 OFF ON A TRADING TEAR, INKS SHIRT DEAL WITH LEEDS UNITED FC Steven Stradbrooke UK-listed online gambling operator 32Red says it started 2016 off on a financial tear while also announcing a new shirt sponsorship with English Premier League footballers Leeds United FC. On Friday, 32Red issued a trading update covering the year-to-date through May 11, during which like-for-like gaming revenue was up 39% from the same period last year. Throw in the contributions from Malta-licensed online casino brand Roxy Palace, which 32Red acquired last summer, and revenue is up a hefty 71% year-on-year. As for that shirt deal, 32Red says the pact will last three years, commencing with the 2016-17 EPL season. In addition to having their logo adorn the chests of Leeds players, 32Red says the deal offers them primo visibility throughout the team’s Elland Road home stadium as well as access to Leeds’ global fan base via the club’s digital and media platforms. Interestingly, 32Red’s traditional red logo will appear blue on the team’s shirts. The color swap is a nod to the longstanding animosity Leeds fans have shown EPL rivals Manchester United, whose association with the color red makes 32Red’s traditional logo a non-starter if it hopes to get off on the right foot with Leeds fans. This isn’t 32Red’s first foray into the EPL sponsorship derby, having previously scored tie-ups with Aston Villa and Swansea City. 32Red’s logo can currently be found adorning the shirts of Scottish football mainstays Glasgow Rangers. 32Red’s new signing follows a flurry of high-profile UK football deals in the past couple weeks, including West Brom’s two-year shirt deal with the K8 Group and Celtic FC’s four-year deal with Dafabet
Hi Metis, newbie investor here. I haven't followed the stock much but the latest news caught my attention. Any reason why this reached an all time high at 1.8 and drew back? I can't see anything that would have dragged it down. As you mentioned the director buy is higher than current SP, profits are at a high in the RNS and a 3 year sponsorship with Leeds FC. The buys yesterday were compensating for the chunky sells and held up very well. Where do you see this going in the short term? Thanks
Apologies for the double post - especially as no2 contains garble! worth noting that CCO buy at £1.43 The Company was informed today that Matthew James Booth, Chief Commercial Officer, has acquired 41,958 ordinary shares in the Company at a price of £1.43 per share on 5 April 2016. http://www.investegate.co.uk/32red-plc--ttr-/rns/director-dealing/201604060811503211U/
Dividends paid out during 2015 £1.95mn Cash part of Roxy Palace acquisition £2.0mn Net increase in cash and cash equivalents £3.2mn Had no dividends been paid and had Roxy Palace not been acquired, the net increase in cash and cash equivalents would have been £7.15mn Shares 83.6mn current sp £1.30 M Cap £109mn Trading update from yesterday - “The Company's like-for-like net gaming revenues for the first nineteen weeks of the year to 11 May 2016 is up 39% on the same period in 2015 and up 71% including the contribution from Roxy Palace.” Roxy Palace looks to be roaring ahead.. Looks as if the low profit figure quoted in the 2015 finals has been totally misleading.
Dividends paid out during 2015 £1.95mn Cash part of Roxy Palace acquisition £2.0mn Net increase in cash and cash equivalents £3.2mn Had no dividends been paid and had Roxy Palace not been acquired, the net increase in cash and cash equivalents would have been £7.15mn Shares 83.6mn current sp £1.30 M Cap £109mn Trading update from yesterday - “The Company's like-for-like net gaming revenues for the first nineteen weeks of the year to 11 May 2016 is up 39% on the same period in 2015 and up 71% including the contribution from Roxy Palace.” Roxy Palace looks to be roaring ahead.. Looks as if the low profit figure quoted in the 2015 finals has been totally misleading.
Gap up on Monday for a stronger blue day following a top quality RNS.
From 2015 finals The Group had a cash balance of £10.3m as at 31 December 2015 (2014: £7.0m) and has no borrowings Recommended final dividend of 1.7p per share (2014: 1.4p) bringing full ordinary dividend for the financial year to 2.8p (2014: 2.4p) in addition to Special Dividend of 3.0p per share declared on 10 February 2016 http://www.investegate.co.uk/32red-plc--ttr-/rns/2015-final-results-replacement/201603100830476619R/
52 wk high is 186.00. My guess is that we will fast approach this figure and exceed it considering the business profits alone are good enough to push this 40 percent North. By securing a mammoth sponsorship with a League 1 football club, I can see profits new highs over the coming week. Good Luck
Wow - Not only is 32Red the official sponsor of Leeds United Football Club for next season but their revenues are also on fire. How this dropped to these levels is beyond me. A big re rate coming. A number of massive media reports are circulating as of 30 minutes ago including the football site http://www.leedsunited.com/news/article/noyxd5aejlkb1pvlojcyix7xq/title/united-announce-new-shirt-sponsor 32Red is now going to gain huge visibilty on every single televised broadcast in the Championship. Well done holders.
Good update very strong profits no reason to worry after all guys - fill your boots bargain at this level
Online casino 32Red (TTR:AIM) is on the acquisition trail after snapping up Roxy Palace for £8.4 million in June 2015. The stock soared 202.6% in 2015 but has fallen in recent months as investors take profits. 32Red will be affected by the Remote Gaming Duty when it comes into force on 1 August 2017. It has already struggled to mitigate the Point of Consumption Tax, with pre-tax profit plunging from £3.4 million to £1.1 million last year. The key share price catalyst will be further acquisitions.
Imho
Hi guys... I'm back in 32red. I held this for a period over a year and a half ago. I've been watching it like a hawk ever since. I couldn't resist getting back in after this unexpected/explained drop. Great fundamentals, forecasts and the chat speaks wonders on the long term investment scale. My trade at 9:50 today has apparently gone through as a sell. But that 3800 share trade was my buy.
moving up today - hope we all took advantage
Market almost always gives you opportunity to buy stock at discounted price...so i took advantage of it today:-)
Without any news its hard to be totally sure that nothing is driving the fall, however personally at these levels I'm a buyer and prepared to hold. Dividend is also ok and every chance a bidder will appear - have seen several times prices driven down prior to a takeover approach. IMHO
Are ULS Technology plc (+12%), 32Red plc (-10%) and Fairpoint Group plc (-9%) on the cusp of colossal corrections? By Motley Fool | Mon, 9th May 2016 - 16:42 Share this Shares in Fairpoint Group (LSE:FRP) have slumped by 9% today despite the consumer professional services company releasing a statement to say it's performing in line with expectations during the first quarter of the year. Although market conditions in the company's core debt solutions segment remain challenging, it's focused on cost control and expects to make good progress in the first half of the year in the legal services division. Fairpoint's performance is expected to be aided by the acquisition of Colemans and Simpson Millar, with the integration of both companies progressing well. And while the first three months of the year have been quieter than anticipated in conveyancing services, the outlook for the wider company remains upbeat. With Fairpoint trading on a price-to-earnings (P/E) ratio of just 6.6, it seems to offer a wide margin of safety. Certainly, further volatility in its share price can't be ruled out, but for long-term investors it remains a relatively appealing buy at the present time. Potential target Also among the major movers today is 32Red (LSE:TTR). It's down by 10%, although the online gambling company is still up by 80% in the last year. It hasn't released any significant news flow today to prompt the share price fall and with it having upbeat earnings growth prospects, 32Red seems to be more likely to soar rather than suffer from a colossal correction. In fact, 32Red is forecast to increase its bottom line by 62% in the current year and by a further 28% next year. This puts it on a price-to-earnings-growth (PEG) ratio of just 0.3, which indicates that now could be a good time to buy it for the long term. That's especially the case since there's a considerable amount of consolidation ongoing within the gaming sector and while 32Red may or may not be taken over, it retains bid potential due to its strong financial outlook. On the up Meanwhile, shares in ULS Technology (LSE:ULS) have risen by 12% today despite no significant news flow having been released by the company. Of course, market sentiment has been buoyant since ULS released a trading update in mid-April where it stated that results for the year are expected to exceed market expectations. In fact, ULS announced that revenue is due to be around 28% higher and adjusted profit before tax 31% higher as its strategy of growing the number of trading relationships it has with challenger banks and mortgage intermediaries continues to work well. As a result, ULS's order book has been well ahead of the same point in the previous year, which bodes well for its long-term future. Certainly, there are fears surrounding the health of the UK housing market, but with ULS being confident in its outlook and predicting strong growth, its shares look more likely to be positive rather than
Someone please reassure me that this is not going down the pan!!! Seems quite a fall on no news/RNS.
"Why is this slipping? I'm not concerned but feel the fall isn't justified." ---- How do holders justify the current price? Based on P/E and a risky sector this has over performed despite its great success.
Not concerned either, as LT holder and no change in fundamentals. Will likely flush out a bidder if falls much further, definitely time to top up/average down IMHO
Why is this slipping? I'm not concerned but feel the fall isn't justified.
No RNS, so the fundamentals haven't changed. Be greedy when others are fearful; be fearful when others are greedy said one W Buffett. The rise up to 170p was too fast, hopefully this one can maintain a steady and sustainable rise upwards now.
I have out money in and followed the price pattern since October last year and it was more or less the same pattern throughout but never seen a drop like this over such a long period. Usually it drops when RSI is high and then bounces back over 2-3 weeks. Is there something going on that they're not telling us?