Member Info for CHEQUEMATE

Interesting article from stockopedia today:

https://www.stockopedia.com/content/small-cap-value-report-thur-19-july-2018-rdl-jim-goal-spe-sis-dotd-nicl-383339/

I tend to agree with it where it says not being sure they can get behind a 17% rise in share price (20% come day end) from a trading update merely in line with market expectations.

I have kept DOTD on one of my watchlists since I sold out (at a loss) earlier in the year. After a brief look at the RNS this morning I looked at buying in again. Early on I could get 77p but hesitated only to struggle to get any price for a while and then see it rise to over 82p shortly after. Keeping in mind what Robbie Burns, the Naked Trader, about resisting trading in the first hour I decided to hold back and see what happened. By the next time I could get a price, some hours later due to being out in the fells walking, the price was in the high 80s. Maybe a lot of the gain is to do with the fact that DOTD don't see the GDPR issue being much as an issue and therefore investors have regained some of their confidence.

I will await and see what happens.

"Maybe too rich for my blood, as my style of investing dictated that I sell out when it retraced alarmingly. So perhaps I'm not cut out for these type of hot shares.

I prefer some sort of self-perceived control. Can't abide sheer luck of the draw. Who, anywhere in the world could have forseen a 17% rise in one day as perfectaly acceptable?"

Tend to agree Velo.

Good luck to all invested here.

Regards

CM

Why the drop today?, no obvious reason from what I can see. Perhaps we will find out more tomorrow or over the weekend.

Sorry I can't help.

Regards

CM

Next quarterly review of FTSE index is 1 August, by which time PLUS will be trading on the main market and at this moment in time will qualify for entry into the FTSE250 index. Hopefully that will give the share price a boost if not before. Regards CM

Thanks for that Rio. It's difficult at present to find real value in the market. I look on FCCN as being somewhat of a recovery stock, but that isn't to say there may not be more pain initially. Paul Scott with his background in retail should have a good handle on FCCN, not to say it can't or won't get things wrong occasionally. Regards CM

Very quiet on this board; usually a good sign. However, the share price has fallen nearly 20% since the end of April. Has anyone any general views?, and in particular why the share price may have fallen by the 8% quoted. Regards CM

sold any of my initial 6000 shares bought in at around 60p or so!. Oh well, could have been far worse. If only I hadn't sold half my holdings at around 389p just back in April. As I posted then it is never a good idea to deal in shares when we are experiencing a bad day. Still, I am more relaxed on the whole with my meagre 500 remaining shares. And I would always rather gain slowly with less than lose quickly with more taking a gamble. Although that is blindingly obvious for most of us it isn't played out that way for many. BT - thanks for your kind thoughts and concerns. I have just returned from my 2nd visit South. I have managed to do one or two things to try and ease things. My mother is so stubborn at times though (unlike me! ......... ahem!; don't know where I get it from!). Makes one realise how important it is to make the most of the time we have and when we have it. Cockapoos energetic?; come on BT, you know you love every minute. Re search dogs. Training in the woods last time. I was on one side of the river, the dog (Sam) and his handler was on the other side. River is no obstacle to the dog of course and he decided to take the short cut!. The swim cooled him down too!. Handler was left on the far side watching his dog make the find. There was a bridge about 1/4-1/2 mile away. Great fun and not the first time Sam has swam the river to find me. Sam and I are particularly close and I am sure he knew it was me by my scent.......yeah, ok........!. Brexit - that's being brave mentioning Brexit. On other boards we would be shot down in flames if we dared to suggest that it could possibly be anything but a good decision. Must go. Regards and good luck to all CM

Good evening BT, good to hear from you. Lets hope the results give the share price if not a boost then at least firmer support. These days though one just never knows. I am South for the 2nd time in as many weeks after Red Rum took another fall at Beeches Brook, or rather the back step. She was carted off to hospital. Thankfully no breaks nor fractures just bruising around the eye and internally to the chest. Much confusion which is ongoing at present. Not good at any age but at 92 even worse. I am spending some time here and assessing the situation and needs. Rather puts other things into perspective. Hope all is well with you and Mrs BT. Keep the dogs away from the Jura. Building work progressing to plan? Keep well CM

No luck again. I obviously have to be careful here. I found the article through the Tom Winnifrith website, so it may be difficult to access. Nevermind, you may find it through some other channel. Good luck CM

Ok, so it doesn't like the link. The ****************** obviously doesn't like the word "*************". Oooops, I didn't say that, somebody else did!. CM

Good evening Velo. Re the presentation from Mark Slater and DOTD, it was a video presentation from the UK investor show 2018. Hopefully the link below will work; apologies if it doesn't. DOTD is mentioned at around the 24.25 minute mark - but worth listening in to the build up to it from around 23 minute. The whole presentation is quite a good listen and gives his take on the market and timing. He mentions some other companies too. https://www.*************.com/views/35827/uk-investor-show-2018-video-mark-slater-the-uk-s-top-fund-manager regards CM

My comment re Donald Trump was made in all seriousness. I truly believe he thinks he is the "great I AM" and doesn't like to be trumped (no pun intended) by any news. You can pretty much guarantee that if there is some news bigger than him, he will be the next news. Yes, share price performance has been disappointing this week. However, things should pick up once PLUS is admitted to the main list of the LSE. If as it is likely that PLUS will then be part of the FTSE250 index at then next review, then that should drive the share price higher again, but nothing guaranteed of couse. Regards CM

Hi Dan. Sorry, I don't know. I would have to do some digging myself. Possibly visit their website, possibly Google Rosenblatt results, perhaps email them, sure they would be obliging. Let me know if you find something, I'll do the same if I come across anything. Regards CM

Good evening Velo, good evening DOTD holders. I very much agree with your views Velo. I sold out of DOTD mid March and for much of that time since have been near kicking myself for that decision. The reason why I sold still stands ie the share price had fallen by a (more than) determined % from my buy in price and I didn't want to take a larger loss. However, I have kept it on one of my watchlists in case things turned around and I would consider re-investing. I listened to a presentation by Mark Slater about a month ago, one of the very best fund managers, where he detailed what he looks out for before taking a holding in any company. In that presentation he talked about DOTD and what a good (longer term) investment he believes it to be and stated that he had increased his holding in DOTD when the share took a downward turn (exactly when I sold out!". Hmm, that made me think again seriously. GDPR was known about at that time, which has been a major concern for many companies of late. So, if Mark Slater thinks so highly of a company it needs serious consideration (imo). DOTD is one of MS largest holdings in his portfolio. Mark Slater is the son of legendary invested Jim Slater and follows key features of what is called "The Zulu Principle" written in the book of the same name. That book helped me turn my pretty desperate investment success (or lack of it) around. Although a little dated now, ie. it was written before the internet age, the basics remain just as relevant and I would recommed it highly to anyone. I will watch this space more, since I have been taken aback by the recent fall in share price and will consider seriously buying back in. I would like to see some strength though first and am prepared to pay something off the bottom (which is always a guess). Good luck all CM

Sorry folks, where I have typed RGBP please read it as being RBGP - eyes and fingers tired after a long day!. CM

Good evening Dan. I agree with you regarding the Naked Trader. I have read two of his books and visit his website on a regular basis. His books, "The Naked Trader - how anyone can make money trading shares" and "Trade like a shark" are great and easy reads and I have learnt a great deal from them - highly recommended. I came across RGBP by accident. I have a holding in Miton Group (MGR) and read in one of their RNSs that they had taken a (sizeable) holding in RGBP which led me to do a little research. I took a relatively small holding at around 110p and then increased my holding a little at around 119p (averaging up into strength rather than averaging down into weakness). It was/is an added bonus that I should have invested before Robbie Burns revealed he had taken a holding. Although Robbie says or advises NOT to copy trade him, he does have an extraordinary good record so is always tempting to look deeper into any of his trades. Here is the extract from the Naked Traders' latest blog: "I've bought Rosenblatt, (RBGP) a law firm. Listed law firms have been doing well and this one looks very decent. It feels like this is a kind of "disrupter" law firm. Headed up by a very experienced CEO Nicola Foulston. A great interview with her here: https://www.lawgazette.co.uk/people/interview-nicola-foulston/5057716.article The interview tells you all you need to know! She wants to drive this company into the future using different techniques to most. Her no nonsense approach looks good to me, I really like her and what she says. Profits are booming here and decent dividends will be paid. I am in for the long-haul and have tucked away in the isa for a three year view." Good luck all CM

I wonder if Orly is looking to buy more shares at this price?. This is now not far off what I sold a majority of my holding at back in April, which is quite a surprise. Markets are volatile again due to what is happening in Italy. Good luck all CM

Had a small top up of 100 shares at 1618p or thereabouts mid afternoon or so. On reflection with what is going on in Italy and the possible repurcussions, maybe my timing could be better. We have of course seen many issues potentially affecting the markets big time over the last number of years which have ultimately fizzled out; so maybe this is just another one of those times. Donald Trump won't be happy of course, he is temporarily not head line news himself; so what is he dreaming up to change that I wonder?!. Good luck all CM

In his book, "The Naked Trader - how anyone can make money trading shares", Robbie Burns states that one of his strategies for winning shares is: "Strategy 14: Buy shares moving up to the main market from AIM. Most companies that you will come across as an investor will be listed on the London Stock Exchange. But there are other markets that companies can join, for example the AIM and PLUS markets. these other markets are usually for very small copanies; often new companies joining an exchange for the very first time. The LSE is sometimes referred to as the main market, to distinguish it from the other markets. A fairly common progression for a new company is to first join AIM and then once it has grown to a certain size to leave AIM and list on the main market. One of my favourite strategies is to look for AIM shares that have just moved onto the main market, or are about to move to the main market. You get about 10 companies a year who decide to move onto the main market, which is good news for investors like me who use ISAs and can then start buying inot these companies under a tax-free umbrella. Why is it a good move and why do the prices tend to rise?. It shows the company is serious about its growth prospects and wants to be a big player. Also, both ISA investors and fund managers can now start to invest in shares they would not have wanted to get involved with before, which can help give the price a boost. Companies with a value of �x million or so will get in the FTSE250 - inclusion in that index will see tracker funds buy in. Of course, again you need to make sure you do the normal research and don't just buy anything. But if you like a company, it's invariably worth getting stuck in when you hear they are going on up from the AIM.......... ..............When it finally makes the move, it get an automatic entry onto the FTSE250, which will help the price gain even more!." After the spike in share price on Thursday we saw a retrace on Friday to see the share price up by just 20p from the announcement, possibly due to some folk taking some profit. I would imagine there is likely to be more positive movement nearer the date of moving to the main market and quite possibly on the day. I will watch this closely and will consider topping up, despite the share price having risen by over 30%. I would rather average up into strength than average down into weakness. Good luck all CM

Not a stellar update today. I was hoping for something a good deal better. I am not surprised that the share price has dropped, partly due to the poor weather in February and March affecting the number of claims etc. It is a little concerning that most of the funds allocated for weather related claims has been already allocated, if I have read the report correctly. Although the share price is recovering somewhat from early this morning I am wondering where growth is going to come from to push the share price higher in the near term. I largely invested here for the good dividend, but now that it should be paid into my account imminently am looking to take my small profit overall and invest it elsewhere where there is likely to be more growth overall. Regarding Citigroup; my view is I am more likely to take notice of a downgrade than an upgrade, although they all need careful analysis. Particular care needs to be taken of any house broker view, which nearly always will raise their estimates. Good luck all CM

Just for interest, FCCN is mentioned positively by Paul Scott in the following article: https://www.stockopedia.com/content/small-cap-value-report-fri-27-april-2018-talk-at-mello-derby-last-night-358083/ Hope the link works. Taken a small(ish) holding late today, although my trade is not showing. CM