Member Info for CaneToad

@Visitor: "THS is on a Forward PE of less than 4 based on current PGM + Chrome basket."

I see a P/E of 3.4 (12m Forecast Rolling) in Stockopedia, but the problem is that stocks like this can look deceptively cheap, depending on expected future commodity prices. And the market doesn't like that.

I'm a THS holder, but I didn't buy it for the dividend. Is the divi really that great?

For whatever reason, the market is not valuing PGM miners highly. e.g. Sylvania is on a 2.9 P/E. I'm loathe to add any unless the price dips significantly from here.

@Mary: "Cracking share I love you FSJ"

It looks to me as though the vampire has returned to his coffin for another 6m. This could be a very slow recovery.

Directive: "I've seen PI's on Capita saying "oh wow 4% rise, very nice". This is one of the problems with Capita as well."

I don't see that as a problem. It provides liquidity. Everybody has their own style and ultimately we all do the same thing - sell higher than we bought.

Personally, I'd take a 4% in 1d instead of a 10% rise over a month every time. The most important thing to me is the equivalent annualised rate of return on each trade. That said, I'm letting this run at the moment, because I think it's an attractive setup and the fundamentals have dramatically improved.

It's going to take time to bring in new investors.

It's not yet on many people's radar, because the (stale) fundamentals still look terrible. e.g. In Stockopedia, the Net Gearing shows as 568%, with Debt of $720m. Once those things gradually update, we might see some more investors entering here. Until then, it's just the smart and brave - i.e. "us".

@Blubay: "although I think it may make us less volatile over time as there will be more shares in more sticky hands"

Personally, I think it's going to make ARB more volatile as it's going to bring on lots of traders. e.g. RIOT has an average holding time of 5d. Volatility is good. A lot of people (including myself) buy ARB as a geared view on BTC.

It gets even more ridiculous when you compare INCE and KEYSTONE.

KEYSTONE has half the revenue, but a market cap of almost 7 times.
P/E is 41 for KEYSTONE vs 5 for INCE.

It's interesting to compare INCE to peers:

Knights Group
Keystone Law
Gateley Holdings
DWF
Manolete Partners

INCE is by far the smallest in terms of market cap, while it comes out the 'best' in terms of fundamentals/price in Stockopedia.

INCE is 1/10 of the market cap of DWF, but 1/3 of the revenue, while DWF made a loss last year and INCE made a modest profit; it's on half the P/E of DWF.

It looks like somebody is trying hard to keep it down while they load up. 'Expert's will tell you that this is just the wild imagination of stupid PI's, but it's a well-known fact that some of these funds 'massage' the market to their benefit.

@Porsche1946: you don't need to be a genius to spot a falling stock at the moment. Lots of stocks have significantly corrected downwards. Over half of the S&P 500 has corrected more than 10%... It's just the FAANG stocks supporting the index at the moment, giving people the impression that the makret is holding up. If those start to dip, things are going to get *really* choppy.

@Porsche1946: Manipulated - yes. I'll change my opinion if I see some funds selling down.

Happy to hang on and triple my holding when I see a bottom.

I'm going to get excited if we break 51p; ecstatic if we get beyond 52p.

They seem to have upgraded their website to show all of the products quite nicely. I was surprised by the variety of products now in the portfolio. I'd always had the impression they were just focussed on the Cable Protection System. Another aspect which I noticed was the 'Key Track Record' section for each product, which is quite impressive.

I've sometimes wondered if TGP has a pulse, but at a market cap of £23m and their reputation, I'm going to hang in here. At worst case, I would have thought this is a takeover target. @Chriss, I know what you're going to say re: a capital raise...

I'm not concerned at this level of shorts. Very tame.

Hard to believe that it's just ebbed away to nothing again. Very weird. Also hard to understand the level of shorts.

Reading it more carefully - it's very, very solid. Might look to add to my position. Hard to believe that the market views it negatively.

Very solid. Let's see what the market thinks.

@firepisces: re: crypto, you'll notice that Brevan Howard today have even announced that they're increasing their crypto business, because of heavy institutional interest.

https://www.reuters.com/technology/brevan-howard-expands-further-into-crypto-2021-09-13/

This is why I think TCAP's new platform will be such a big thing. The likes of Brevan Howard are going to prefer interacting with TCAP than Binance, with their FCA problems.

Know0: "As I say, this is just a theory but anyone else have a reason 50p hasnt been broken?"

Yes - crappy market sentiment.

42trader: "Regarding buying US stocks, I'd be very wary as they are so very over bought where as the UK market is still under valued."

Totally agree. The only thing that interests me in the US market at the moment is Nasdaq put options...

Another problem is that the UK market, however cheap, is not attractive. Just look at the abysmal FTSE performance over the past 20 years. What sane person would buy a FTSE 100 index tracker?

Without any doubt, a company like ASOS would trade on a P/E of 40+ in the US markets, but it's trashed here.

I think we can expect a rapid clamp-down by Mr Gensler after this Walmart sideshow. This is becoming a total joke, except that people are being fleeced of their money by fraudsters and it's not that funny...