Member Info for CaneToad

@holly: why would I give up investing? I invest fulltime for a living... I've made over 500 trades in the past year and am consistently profitable and have easily replaced my City salary since becoming a full-time investor.

I've given you the facts. But I see that you have no interest in them.

"Bargepole - overpriced, overhyped. Weak mngt, weak results. Not worth half the mkt cap"

Here are the facts that I see in Stockopedia:

- Revenue is very strong and growing
- Operating profit is very strong and growing
- Net profit is at a record
- Low gearing (Gross Gearing: 37% / Net Gearing: 25%)
- Record levels of cash (£2.748b)
- Increased debt, but still at a low overall level
- Solid EPS
- Broker target (14 brokers) is 8,964.57p (33% above Price)
- PE (12m Forecast Rolling): 22.4 is vey cheap against peers
- Tecnicals are undeniably poor

I've opened a small position. I see it as one of the safest UK shares.

Nasdaq also looking weak.
Not a time for me to go big on crypto miners yet.

Most likely (like all other opinions) wrong.

Anybody know the reason for today's rise?

Valuation gap is closing, with ATYM having forward P/E of 6.8, while ATYM is on 5.9. Both are excellent and is not unreasonable that CAML is currently higher, due to its consistent divi history. Copper also looking strong again.

Copper is looking strong again. I've added another large wad this morning.

Remember:

1) They have £100m headroom on their debt facilities
2) They are still expecting to produce an underlying profit
3) They're starting to deleverage; it's going to be a slow process, a bit like Babco* International, but they will survive.

Rolls Royce is currently operating on forward P/E of 31.7 and they made a huge loss, while James Fisher is on 8 and they expect an operating profit. Let's get this in perspective.

@jolly: Are you long or short this share?

@Gidget: I'm definitely not implying that he's trying to kill the share price. He's simply doing what any smart investor would do. Good luck to him! Selling small chunks gradually over time is the only way he'd ever be able to sell his holding.

I'm hoping we get some PFAS news over the coming months.

Is it responsible to let a company like this get to within a few days of being de-listed?
I do not understand.

BTC volume seems to be staying small. All we need is a hundred billion dollars to pump BTC, but I'm not yet convinced that it's coming in the next few weeks.

I see two possibilities:

(1) Speculative stocks are not going to regain their Feb/Mar highs in this market cycle. It's spooky that ARB, RIOT and WEED all look vaguely similar (WEED is a Marijuana stock on NASDAQ)

(2) BTC is about to pump and take the miners with it.

I'm not yet sure which one it is and am keeping my ARB/RIOT position size small. Happy to be holding a PUT on Nasdaq.

Clearly, he's the one that's been selling into the buying strength. Obvioulsy, the most logical way to do it with a holding that big.

No disrespect meant, but isn't he a trader (an ex market maker)? why will he be missed?

Very hard to fathom why it's dropping, when it's already on a forward P/E of 4.3

Incredibly, Petra Diamonds is on a much higher P/E after its near-death experience.

Here is the exact response that I received from Capita:

"We are planning to have a pre-close trading update in mid-December, with the date yet to be confirmed."

Looks very nice to me. I've only recently started trading this share again after a long pause. Nice bounces on a rising backdrop.

Capita IR have said that it will be in mid December on a date to be announced. So roughly 3w away. I think there's scope for the price to slip some more by then and am hanging back, in case there's a bargain.

@SteveJones999: "Nuts day on PMs - bullionvault has an explanation"

I would not take anything from Bullionvault too seriously ... they're not market neutral. They're a gold dealer...

I also do not believe the market manipulation theory. Nothing that I've read can prove that it happens; several large studies have been done to try and detect it and they never found anything.

I think it's simply a matter of supply and demand.

I still think/hope/pray that gold will rise over the coming months, especially if US inflation ticks uyp again on Powel's watch (the rest of the world is irrelevant?).

@Gnome - that's an interesting idea.

You could do this with a digital form of money, that automatically had a 'half-life' that got automatically reset each time it changes hands. The rate of devaluation could also be adjusted by the central bank in times of crisis, to make it more attractive for citizens to spend more quickly... as an alternative to printing more.

A more attractive alternative would be for the money to become more valuable over time (in essence, a form of interest), which would be increased at times when the central bank think there's too much speculation...

In essence, it would allow a central bank to directly control the velocity of money.

It did make me wonder if they crashed the market cap enough, whether or not the company could pay for itself from its own cash reserves. e.g. it's currently worth £32m. It's not beyond the realm of possibility that they could get the market cap down to £10-15m then buy back the remainder of the shares... for pennies each. I don't think that's going to happen, but the thought did enter my mind.