Member Info for 42trader

Almost certainly a buyout on the way.
https://www.diginex.com/en/team/

Certainly looks like this is being kept down to fill orders at a set price. There is no way Byworth could of picked up 329m shares otherwise without it being held down. I noticed also you can only sell shares via IG.

Another tip: Only trade after 9am, from your bed with a good lady to bring you tea and toast. (It worked for The Naked Trader at least).

It is very common for a share to tank after a profits warning, then slowly drift lower over a period of time until bouncing back. Too man pis pile in after the initial drop and get caught out. A few tips for investing is: Stay away from ipo companies Choose a company in an upward trend instead of downward.

Oldtimer, I hope you are not suggesting I am a shorter. Where I think the so could still drop further I realise it could bounce from any level and potentially there is more upside than downside. As FT wrote about this weekend there are certain companies that are kicking the trend in the retail sector and I believe FOOT could be one of those in time. But the facts are: currently retail is unloved. Foot has given a profits warning. So II s are likely to stay away from here because: They like shorter term trades. Until Foot proves that they have the company back on track. Now to get back on track is likely to be two years as foot has said next years results will be modest. Until then I’m guessing, and yes it is a guess as no one really knows, that the so will linger or drift lower on low volume until a time where the ii s deem it is either: Low enough that the so makes the company a absolute bargain. Or a stream of news comes out proving the company has grown and beaten market expectations. All this ofc is my own speculation. I may be right, I may be wrong but I am not the one investing your money. I am certainly not a shorter either and never have been in my life. I do try to show both positives and negatives in my posts because there rarely is just one side and we are all here to make money, so why not be honest and help each other? Atb

There certainly are risks here as there is in any share. Aim being higher risk than most. But there is nothing wrong with being positive in a share you own. You would be a fool if you were invested in a share that you saw nothing positive in.

Does anyone know the amount in wages the chairman owns per year? The 116k buy by him on 2nd July is really very small change considering at Capita he earned 14.5k per week.
Going through the expenses of EVE, all of the expenses are high. Wages, marketing, logistics. The market does not mind high amounts spent on advertising as long as it works.
The Dreams deal looks good though as long as it will be a permanent deal. Dreams themselves seem to be financially good and progressing well.
Certainly a share to watch and see if their new market plans gets them back on track.

atb

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While I think FOOT sp can still go lower I do believe it could be a good investment one day.

FT this weekend have written an interesting article titled - Clever tactics help some UK retailers beat gloom

https://www.ft.com/content/ed6c8770-7ba2-11e8-8e67-1e1a0846c475

Exactly. Not much downside from here if any. Even if boom do not go cash profitable in the next two years, they have enough funds to keep going for over another year. I think RP realises the mistakes he has made and is doing his best to investors informed and progress the sp. I’m expecting positive results with figures in line or above market forecasts. If just in line then that should be enough to move the sp above 3p again.

Significant progress is being made here.
This is the type of share many investors like to be in, including The Naked Trader.
Figures increasing, SP in an upward trend.
Forecast in an upward trend.
Progressive dividend to be implemented this year.
Expectations of 40% increase in SP per year.
Break above a major resistance line recently.
"The level of cash generation has continued to be impressive, allowing the Group not only to reduce net debt, but also make a bolt-on acquisition which has bolstered our presence in the Australian market." - Chairman's Statement.

As they say, buy the dips.

A lot of very good points there BTFATH1.

Unfortunately the sentences from the results RNS will not have helped the sp:

our trading since the beginning of the new financial year has undoubtedly been impacted by the widely documented weak consumer sentiment on the high street.

FY19 is likely to show more modest growth than in FY18.

A lot of money is been reinvesting and the company is in a growth stage so you can not expect too much at this stage.
But the fact is, sales are down with next years expectations lowered and in a sector that is unloved for the same reasons.
IMO FOOT will drop lower. But I think then it will provide an opportunity to buy very low. I think it will do ok in the long run.

This is a bit like the pub trade. You would not buy a pub yourself, you would be crazy. But, for those that spend enough in the pub trade and specialise, there are examples of kicking the trend, like JDW.

I understand where you are coming from, given the huge error with the reverse take over failure. And previously before that with promises of going cash positive.
I do think though that BOOM could come good here. There has defiantly been a change in the regular reports being put out. Funding by Candy with previous announcements saying the funding will last over a year. I would surmise with this RNS this morning the figures due out will be good and likely ahead of expectations for Rob Proctor to make such a statement again.

Regarding the share price drop, it seems it is mainly private investors selling, scared out after the suspension. There have been no holding RNS for sells, but 3 buys. Make of it as you will, but if the results due out were bad it would suggest a leak of info but RP has said he knows no reason why the sp has dropped so results therefore should not be bad.
Read back all the RNS since the suspension and you will see lots of reasons to be invested. I think this coming year is going to be exciting for BOOM.

Volume is low, but that is average for this share. Unfortunately, until news comes out that is positive, the share price is likely to drift on low volume as the mms try to make some money.
Every share needs positive news to propel the sp, and with the results out last month, a sector that is unloved and getting to that time of year where generally shares have low volume and drop I see this drifting lower.
Come closer to Christmas and we may well see a bargain price to buy in here.

Flying now at 32% up on day.

Just goes to show what a trading update can do.
The share price is now back to the TERP price.
Later this month the acquisition of the Ascential Events business will be completed which in its self is making double the amount of profit than the rest of the company.
It does not therefore take a genius to work out the sp will not stay at this level when profits are shown to triple.

This share may not necessary shoot up from here yet. More BOD buys is always a good sign but remember BOD can only buy when it is not a closed period and no news is due out.
The BOD have brought large amounts regularly and the recent 58K buy is small compared to previous buys.
The company is in the process of increasing its revenues and expanding which should progress the share price significantly. Until that happens, and is shown in reports the sp will not likely rerate. there is also a seller about.
There is likely a bit of time therefore to pick up shares at this low price, well below the recent isuue price and well below the bod averages.

This reminds me a bit of the WHSmiths drop. People talking of fundamentals being good but the fact is FOOT has not made as big a profit as forecasted. Adding to that, they have said next year will be worse. ii s do not want to wait until 2020 to see if foot gets back on track and are therefore pulling out. People need to stop trying to catch the bottom. You do not know where the bottom is. No one does.

If CTP can achieve 40% with the carrot of the LTIP to the management then this share is ideal. Too many investors want huge returns next week. Well 40% is huge. My yearly target for my portfolio is 42%. 42% doubles my funds every second year. So if the target price is hit in 3 years time, and you bought at 68p, you will approximately have tripled your investment. Atb

Mr Poutney is collecting a fair amount of shares here. Another 200k spent.