Member Info for CaneToad

Forward P/E is now 5.4 (12m Forecast Rolling)

Unless the LSE/Refinitiv data in Stocko is complete tosh, I don't see why this is overvalued. We're now at levels close to 2009, when there was genuine risk of bankrupty of major counterparties. Liquidnet is now priced at zero.

They have £1.033b Net cash, while Market Cap is £1.07b. Enterprise Value is £56.49m.

The only significant liability that I can see is if Cum-Ex results in a huge fine, but as I understand it, they have liability insurance against such a fine.

No doubt PI's are exiting, but I do not see a single significant reduction by any of the major shareholders in the past year. I suspect that algos are playing a big role here. My concern here is that poor results will see this fall below 100p. I would have thought that was ridiculous a few months ago, but that's our trajectory.

@Fevertreeman, can you shed any genuine reason why this is dropping from your supposed extensive knowledge of this business?

@toptable: "I’d like to thank our Members and clients for helping the firm to a record September in our EMEA Equities business, a month in which the Liquidnet MTF (dark pool) was the #1 venue for above LIS prints with 30.4% market share. We also executed the largest single EMEA block worth $76m. We are continuing to innovate and invest with the sole objective of helping our clients trade as effectively and efficiently as possible. "

This is the typical BLAH BLAH BLAH of the Investment Banking world, congratulating themselves, but not actually mentioning how all this hot air is translating into REVENUE and PROFIT for the OWNERS of the company.

It means nothing. Shareholders want to hear how much PROFIT the company is making. The rest is peripheral. The only reason that these companies publish this self-congratulatory junk is to justify their bumper bonuses. Management have their snouts deep in the trough, but minimal skin in the actual business.

MANAGEMENT NEED TO GO.

From what I can tell, Mt Gox isn't likely to clobber BTC too much. The following video is a few days old, but his statistics on the effect of the Mt Gox coins are good:

https://www.youtube.com/watch?v=CVSbZxEmr1w

Could be some amazing short-term trading BTC opportunities on the pumps/dumps. Undecided about jumping back into ARB/RIOT yet. I don't see an attractive risk/reward on those yet, but WTF do I know. Could be an amazing entry point to both if BTC dumps again. Happy to site on the sideline and wait.

Limited debt, growing revenue/profit, strong iodine prices and deeply depressed share price, with forward P/E of 6.6, while other speciality chemical companies are priced much higher, e.g. Elementis is on 15.3. Furthermore, if we compare Iofina to Elementis purely on the fundamentals/technicals, Iofina is the winner in the Stockopedia comparison.

CRODA is on forward P/E of 40

The main Stocko page is: https://app.stockopedia.com/share-prices/capita-LON:CPI

I highly recommend it, if you don't already use it.

CPI has improved dramatically over the past 2 years.

I think the fair price now is at least 100p. It was consistently above 100p for several years before covid and the fundamentals are now vastly improved. Look at Stockopedia: https://app.stockopedia.com/share-prices/capita-LON:CPI/chart

It's worth listening to the webinar from 17 Sep if you haven't already: https://www.youtube.com/watch?v=mbx2tmTIo2E

In terms of technicals, it's not going to surprise me if it slips down to 40p-44p, but I doubt it would go lower than that without some major market-wide correction. I suspect the funds that recently bought in will be buyers again around the 45p level and that's going to support the price.

I expect they will appoint a new NOMAD next week. That fits with the adjusted deadline in the RNS. I doubt that a PLC could launch a takeover of another PLC and then revert to being a private company midway through that process.

It's going to be interesting to see how they handle the fallout from this episode - it's not 'ideal'. But the optimist in me expects it to blow over.

"Well, at least we're not getting delisted before Christmas then"

Unless I am mistaken, nothing in that RNS relates to an extension of the deadline for appointing a new NOMAD. As far as I can tell, they still have only until next Friday (26 Nov 2021) to appoint a new NOMAD or risk being de-listed on the following Monday.

I might be wrong. That is just my interpretation of the RNS. I'm happy to be corrected. Either way, I do NOT want this share frozen any longer. It's ridiculous and unprofessional. It's very damaging to the INCE reputation.

I don't get it.
Why would you want to have your shares de-listed for 3-weeks?
I can't see how that would enhance your reputation.
There's something that I'm missing here.

It was massively overbought on RSI.
Last time RSI was over 70 was in the April-May sell-off.
It's a textbook/technical pullback, no doubt caused by people here taking profits. Sharks often swim around you...
I'll look to add some next week if/when I see a bounce off the local bottom.

- Highly profitable
- Net cash
- Increasing revenue/profit
- Dirt cheap
- Rising gold price

Hmm, sounds good, though it's been a painful/long wait.

Decent volume/liquidity now as well.
Something happening.

Serabi looks a lot like Fiore Gold (a multi-asset US gold miner), who were recently bought out. Smells like a leak to me...

I hope it doesn't break below 51p. I'd be thinking 46p and then 41p as the next support levels. Hard to understand when diamonds seem to be strong and company doing quite well, apart from modest reduction in guidance.

"Are you off your head, 4p? Don't be so ridiculous."

Have you listened to Peter Lynch's story of buying 'Kaiser' @ $16 and seeing it drop to $1, when the fundamentals were perfect? Anything is possible. There's no lower limit.

For JAY, the obvious support levels are what they are....

It will only be avoided by people buying. It's that simple. With low volume, the algo's just need tiny trades to move the price. There's nothing new - correct. It's widespread across AIM.

Their immediate target will be ~8.75p and if they break that, around the 4.5-6p level.
It's going to all depend on what the company does. If there's no news, then I can see it going sub 5p.

This is an algo.
It happened for many months on PRE. The main perpetrator was apparently an Australian team. You could tell when they switched it on each day.
Basically, they prey on stocks that have tiny volumes, systematically pushing it down until they get to resistance or news. They then ride the wave back up and then move onto another stock or simply, start again on the same stock.
FCA is asleep at the wheel as usual. No point in even telling them; they'd have no idea how to find or fix it.

One thing I've noticed about the ATYM price action over the past year, is the minimal PI involvement and 'strong hands'. It has been relatively steady even on days of very poor sentiment. I think it comes down to the management style:

https://www.youtube.com/watch?v=-EmsBS6zwB0

Alberto only announces something when it's significant and has a real effect on the bottom line. Contrast this to the rest of the AIM miners who tell you whenever they've even thought about 'drilling a hole'. He gets on with his job and does what he says. Consistently under-promising and over-delivering.