Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. 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.
Far less risky than CYAN, Woolworth.
Just be wary.
Having finally gotten around to revaluing Velti (following my dissapointed sentiment on 1 April) I am maintaining my fair value of £15 - £16 (about $26 for nasdaq shares.) I had said that I didn't think my £15 would stand, but after a less passionate review this morning, I'd say the opportunity is there for a 12 month double (assuming next quarter results show further progress on replacing licnese revenues with saas revenues. The current base building around the 50 day EMA is a great buy opportunity.
Well the SP is still rising Maybe we will see a takeover prior to delisting at the end of the month Im holding for now !!
anyone know why ? cant find any news but there were a couple of big buys AM friday
Velti results came out last week. Not impressive. Qtrly EPS $0.05 vs. $0.79 last year. Annual EPS $(0.41) loss vs. $0.18 profit last year. Qtrly revs $57.5mm vs. $65.5 mm. Annual revs $116mm vs. $90mm Velti are refocusing their business on software as a service. As a result, licensing and managed services revenue has declined from $46mm to $16.5mm. Whilst saas revenue has double drom $20mm to $40mm. Resulting in a $10mm revenue decline for the qtr, which has translated to the bottom line reduction from $30mm profit to $2mm profit. The rest of the decline are acquisition related ($5.5mm), tax, depreciation and equity exposure ($5mm), and a general rise in costs across board as a result of expansion (and perhaps a laxness in managing cost, now they've received a big wad of IPO cash.) ($6.5mm) Overall I support the Saas strategy, though I didn't expect the transition to be so expensive. But overall it will take at least another one or two quarters of results to confirm the strategy is working. These results will definately dampen investor interest in the company. I had built a small position at $12.50 (£7.70 over here) a few weeks ago, I am yet to reappraise the value, but my 15.00 valuation definately won't stand.
I can't tell for certain why the price has rallied, but it appears to have found a bottom and is bouncing off it. i) It also announced that it will be announcing its results on March 16th. So there may be some speculative positions being put on around this ii) It is also possible that the results have leaked. (or if not leaked you know how it is, it only takes a look or turn of voice to the investment bankers when the CFO is telling them when the results will be announced - they've heard it from so many CFOs they can tell when they are good and when they are bad without asking.) iii) Or it could be a new buyer has come is as a result of their very extensive road show in the states, iv) Or who knows it could be the fact they will be ringing the nasdaq bell this week? What ever the reason I think a bottom has been found (though I could be wrong.) That said though the volume on yesterdays increase was by no means overwhelming (hence I think todays softie,) it did not show an overwhelming number of buyers, it just showed that there were not that many sellers in the low 700s (I also confess to some personal confusion over Velti's volume. The volume numbers from by broker, Big Charts, Google are all different by quite a bit.) Funnily enough I don't feel like a Dork for having sold at 750 (close to the bottom if indeed 720 is it.) You never can tell in advance how far down it will go (I can always buy it back at a premium and consider the premium as my insurance policy.) I do feel like a dork for not having sold at 800 when it first became obvious that there were no buyers above 800 at the time. Anyway I have just reappraised the company and think it is worth 1500 or more, so I am active trying to rebuild my position (now buying on Nasdaq given your advice on their delisting from aim. I'm also finding the nasdaq have a more orderly market for thieir shares.) Have made just on buy and might make another one before the results announcement and if the results are good make a big commitment.
is there any reason for the rise ? post if you know
Chan. Thanks, I missed that. I sold all my velti at 750 on tuesday, the market was just too weak. Its a pity that they are leaving AIM, I don't understand the pros and cons to them as an issuer, but nasdaq hasn't embraced their stocks since they started trading there - though I guess they are busy selling their new shares so this may well be the reason for the weakness. I trade nasdaq stocks through both my brokers (SaxoBank and Internaxx.) My gut is that they are planning to become an American company at some point in the future (Greek - Irish - next American.) Greece was obviously not a place to build a global technology firm from, not sure why they chose Ireland instead of the UK or US in the first instance. On a more general note, do you think this high oil prices and uncertainty over the middle east will turn this pull back into a bear market, or do you think FTSE will regain 6100. Though I guess time will tell all things.
Guys___Mobile phone software group Velti plans to cancel its Aim membership in April. Existing investors have two options. They can either transfer their shares to America, where Velti is now listed, or sell them in the market. Swapping British shares for US ones is a logistical headache. Investors should sell now and put the money into something more accessible.
Interesting speech reported in the Times today by Martin Sorrell of WSP on the growth of mobile phone advertising at the Mobile phone conference in Barcelona . They are predicting increased growth in this sector because of the growth in smart phones ( invested in IQE ) and growth in that sector has been great for me over the last year I really think we are going to see Velti move up further this year and maybe just maybe a bid in the medium term Been in here for about two years now so am waiting for the next move up
It's already trading on nasdaq, since 28 Jan. It is being dual listed and their is no action (to my knowledge) for AIM shareholders. The stock rebounded sharply today, it seems that buyers are interested around the 775 to 800 price range. I almost put in my sell order yesterday, I'm glad I didn't. Volume though remains low
thanks for the posts guys agree afamiii the support needs to hold up Been following toluna which has agreed a takeover I thought this would rub off on our SP . Time will tell if others think this eill find support Does anyone know what happens to our shares when this lists on NASDAQ ? Are they going to be dual listed
PS: I'ms still very positive about Velti as a company. In my book it is the leader in what is a fast growing and potentially important new industry (mobile advertising.) And it is showing excellent revenue and profit progress and is fairly priced. It is just the short term outlook for its share price that I am concerned about. I just don't believe in sitting through a correction if I can avoid it. I've experienced short term corrections that ended up coinciding with a long term bear market and I hate the negative emotions that can come with being impailed by a bear.
There doesn't appear to be much support for Velti at the +£8.00 price point. Following the heavy buying on 28th and 31st Jan. There was only one day (the 9th) when their was signifcant buying, otherwise the price has been dropping on diminishing volume (i.e. no one is buying it in quantiy.) The US market is pretty much following the same pattern. I'm thinking strongly about selling if buyers don't come in now it is below the £8.00 mark and it is breaching its 10 day moving average. The next price point would be about £7.00, close to the 50 day MA and I don't want to be thinking about selling around there. My earlier sense was that the 14 million shaers they were selling would be easy to distribute, but on hind sight the 'high price' is keeping buyers away. Less than 8 million share have been sold since 28 Jan and given sales of existing owners and traders I sense that possibly only half to 60% are of the new issue. And now we're struggling to do more than 200,000 perday.
Forgot to add there was an interesting article on Stockopedia last week, you may have seen it. ___ http://www.stockopedia.co.uk/content/velti-looking-to-start-a-revolution-53298/
Hi TD sorry I missed your posting on 28 Jan' but yes I did notice the $ price. I'm still amazed, wonder what's in store for the rest of the 2011. Best wishes
It did very well on nasdaq to day. I was apprehensive that it would get swept into the general weakness on the nasdaq this week. lets see how it goes, the US markets are under threat of a correction (though they may wiggle out of it.) Though longer term I think there aren't a lot of shares to go round (just 12 million + 2 million optioned) So it won't take for many institutions to get on board to drive the price up for some time to. Anyway, I'm a very happy camper for now.
have you seen latest price on NASDAQ now upto $15.00 !!! we should see a further rise on monday as the SP in USA was up further after UK marets shut at 4.00pm here to a further 20 % on monday early
Mobile marketing and advertising technology provider Velti plc has priced its initial public offering in the US of 12.52m ordinary shares at $12 per share. The shares will begin trading on the NASDAQ Global Select Market today (Jan 28). In London, Velti shares were up around 7.6% at 740p mid-morning. Story provided by StockMarketWire.com
Reaching higher levels, nice to see.
I'm not a great one for predictions, but I can't believe that this one wasn't obvious. I took a second bite at 535 (to add to my position of 480) last week (with funds available from being got shaken out of Super Group) when it first ran up on high volume. Also bought back super group today (using margin,) since the buyers (me included) were out in such force.
Nice news.
Looks like I'm the only one left talking about Velti. Well I still believe the mobile internet is going to be at least five times bigger than the desktop internet. And Velti is number one in advertising software for this growing industry. I was convinced it was worth 600 at the beginining of the year. So I've just bought back what I sold in Oct at a bargain price of 480. We will see how goes.
Velti seems to have slid down to 470. I think time to start rebuilding my position. I love volatility. Unfortunately much of what I sold went into Super Group (though I'm not complaining.)