Member Info for CHEQUEMATE

Not a huge no. of shares traded today, an average of 1100 shares per trade, yet absolutely hammered!. I only bought in here on Thrusday on a buy order limit , bad timing. Totally illogical fall today. Raises the question, is this a buying opportunity?. If I sell out now taking a quick loss, it can be pretty assured the share price will climb back up. Raises another question, how far is this likely to fall?. I may only have 600 shares here, but that is enough when this happens and is the very reason why I didn't invest more in the first place. Normally I would only invest around £1000 initially, preferring to average up if things go right. Good luck all. Hope you have had a better day than me. CM

Words fail me on a day like today. Down 10%!!!, I would only expect that sort of movement after a profits warning. Having read the last trading update it was anything but a profits warning. Financial shares have taken a battering today, but so has just about everything else too. There seems little if any logic. It was only on Thursday that I invested here. Only 400 shares but that is enough when this happens. My other shares have got badly hit today as well. I had thought about staying out of the market but it seemed a good opportunity to re-invest some of my funds from recent sales on Thursday. Fundamentals sometimes seem to count for nothing. All I can say is good luck folks. CM

Dave, I have just done a lot of reading from the trading statement issued in December. I have looked at the figures in some depth and later in the report the risks that are associated with REDD, from economic risk, to competitive risk, legal risk etc. etc. Quite some reading. All to see if there was something there which may be a cause for the recent retrace in share price. I could find nothing specific. It ranged from an economic downturn meaning some debtors may find it harder to pay debts and may therefore seek better terms to pay off their debts and may lead to an increase in debtor days, to companies trying to set up with others to take market share, etc., but also to less miles being driven due to financial hardships and therefore less accidents. On the last point we could argue that with the low oil prices and consequently lower pump prices more miles are being driven and therefore more accidents are happening, especially with this continuous wet weather which should benefit REDD. However, it seems that the low oil price is still driving the stock market one way and then the other and so the general market malaise is having a greater impact than could be expected. This is affecting a vast majority of companies share price, the good as well as the bad and darn right ugly!. There are similarities on share price movement with other (imo) good quality companies, which are profitable, cash generative and paying increasing dividends. These are difficult and unnerving times and hard to "keep the faith" (hate that expression) that such companies will come through these times. I have taken my eye off REDD over the last couple of trading days and have to say I was surprised to see it trading where it is. I had a buy order on PAYS on Thursday and was surprised to see it executed after it had been a good deal higher during the day. It looks like had I had a buy order on REDD yesterday at just South of 170p that too would have been executed. I am very tempted to put a buy order on REDD for Monday especially as looking at the last trading statement it read very positive. Buying opportunity?.that is for all of us to determine for ourselves and our circumstances. Good luck Regards CM

The market is very volatile at present doze. You are far from the only one who has seen their investments fall back by 10% and more. GBG has been through such retraces on numerous occasions and has on every occasion without exception to date recovered and gone on to make new highs. I saw GBG up at over 180p then fall back, took some profit around 160p and sold my last shares at around 142p I think when there was all doom and gloom around October 2014. I have remained out of the share since much to my regret. Some 16 months later, the share price has been up over twice the price I sold out at. So from 180 down to around 130 then up to 280. For you down from 282 to 256. I don't see it as being a problem. Although unpleasant at the time, we sometimes have to go through retraces. I don't see anything fundamentally wrong with GBG as a company. Indeed I believe it is very well run, good management and good prospects. It is just caught up with general market malaise. The strongest of companies will see these difficult times through. This is without doubt, one of the better companies to invest in on AIM. As far as broker targets go, I always view them of no more than of interest. Unless the share target has been reduced a good deal. Then I may look into the reason why there is the downgrade. All of us have found ourselves in the position of having invested at the top of the chart at some time. It happens. However, I believe in investing into strength, so there is always the possibility that that will be at the top of the chart. Bigtosh has an excellent mindset on such investments as GBG. He has a lot more courage than me for holding. It might have something to do with having a good bottle of Jura to hand though!, lol. From memory, GBG has never issued a poor RNS. It doesn't tend to blow its own trumpet when one may think it should but that is down to the Finance Director not wanting the market to expect too much and then when it doesn't live up to their expectations mark the share price down sharply. How do I know this?, because I have had personal contact with the FD in the past over the exact issue. Disappointing for you I understand, but sometimes the best course of action is to do nothing and hold on in there. Regards CM

Thanks for the welcome Bazz. And sorry about the share price fall today. That was my fault and all my doing by buying in yesterday!, I am to blame!. Early days for me here and not a large holding. CM

You may be right. However, looking back to a previous holding RNS, dated 11 December (I think), there was another sell off by an instituion but the share price rose again fairly shortly afterwards. We don't know the reason for the sale; perhaps they felt they wanted less exposure to shares generally; perhaps they wanted to take a profit and invest elsewhere which to them may have better opportunites and PAYS had reached their price target. Or perhaps there is pressure(?) being put on them to sell because their is a buyer in the background wanting to buy in. And of course, as you say, there is a degree of panic surrounding the market just now. Having said that, there is such volatility that we are begining to expect volatility. Look at the DOW, a movement of over 200 points one way or the other has almost become the norm. Looks like I invested a day early - so perhaps the real reason for the fall was that the market was just waiting for me to buy and then the next day drop the price!.......seems familiar story looking back. Despite todays share action, although early days, I am reasonably confident with PAYS. I only have a small holding, since I didn't want to start losing sleep by being over exposed. If things turn out well then I would consider investing further. The market is looking for reasons to be depressed, then cheerful, then depressed........mad. Regards CM

Surprised to find I have a holding in PAYS since I set a buy order limit at 403.5p this morning at around 11 a.m when the share price was around 408p. I really didn't expect it to execute, especially as I saw the share price was up to over 410p at one stage. Only a relatively small holding, but enough for me with the market generally being volatile. Low spread is a good sign as to liquidity. gla CM

Well, well, well............looks who is here!. Hello Bazza and Andy!, Chequemate calling!. I set a buy order on MCS this morning before going out to enjoy walking the dog. Didn't realise it had been executed since I hadn't noticed it had fallen back to the buy order ask price. I noticed Robbie Burns has a holding and looked into it more last night, reading latest RNS and was encouraged by the share price graph trend. That doesn't guarantee anything of course, but it is healthy (at present). There is mention of a dividend in the latest trading update, so that would tend to indicate positivity. We'll see what happens. Regards CM

The opposite to setting a stop loss is setting a buy order. Not wanting to look at a screen all day waiting for the right price to buy in (or sell out with a stop loss), a buy order enables me to go out and enjoy walking the dog or whatever on my day off. I set a buy order on INL for 81.75p this morning and have found that it was executed at just below that. So, although this is a couple of pence above what I sold out at a couple of weeks ago, it is about four pence below what I could have bought in at around a week ago. With the volatility of the market at present I am far from sure what is going to happen generally, but with a much reduced holding in INL than previously I feel I can rest more an not be so exposed. gla CM

This is taken from Robbie Burns (The Naked Trader) blog of 14 January. Don't know why I have only just come across it. "I topped up in two in the same area that's Paysafe (was called Optimal Payments) (PAYs) and Worldpay (WPG). Both companies are in the right place at the right time and there is a lot further to go for both of them. Worldpay is straight into the FTSE 100. I have already made a lot on both (particularly Paysafe where I would say across all my accounts and spreadbets I am probably in paper profit of well over £50,000). I do suspect Paysafe will end up being taken over by Worldpay this year or next. Paysafe should also go into the FTSE 250 in March as it has now joined the main market. Together with a very positive update last week where it says it is doing even better than expected, there has got to be more to come, possibly a lot more. Both core holdings both in my ISA and spreadbets." Many years ago I invested in a company called Neteller (NET). This was the forerunner of the company Optimal Payments. I remember making one of my best profits from the company before selling out. Now it seems I am drawn back to it (in its' presnt form). Robbie Burns is a canny investor and doesn't get many of his calls wrong. This does look like a good opportunity, especially if it is likely to enter the FTSE250 come March. I will consider it over night and how much to invest (only a relatively small investment initially - leaving the option to top up). The general state of the market is very volatile at present so I do not want to rush into anything right now. gla CM

Being quoted 84.67 to buy 1000 shares, 85.40 to buy 1001 shares and more. It means it is cheaper to make multiple purchases if you want to buy, say, 2000 shares or more than make one transaction. Not sure what that means re direction of share price for rest of the day?. May be about to find out. It did the same sort of thing last week when I was given a better price to sell fewer shares than more shares. Then the price went up.........well, only after I sold out!. Market is totally unpredicatable at present. Your guess is as good as mine which way it will go and for how long. If I buy in it is bound to go down; if I stay out it is bound to go up!. On that basis.........what am I bid to stay out?. CM

Yes, don't I know it!. I had the chance to buy back in at under 80p on Monday but held back due to general market malaise. Now I see it rising to mid 80s again!. Arrrggghhhh!. I felt I made the right decision at the time due to circumstances which is the best any of us can do but obviously with hindsight regret it. I'll see how things go. As I have said previously, if the share price goes to £1, IF, then paying a little more to enter or re-enter isn't too much of a problem. Maybe I should view this as a new begining. Had I not already invested in this share previously and not known about it or just become aware of it, would I be investing rather than reflecting on what has happened in the past?. Interesting. gla CM

Just seen your post. Ok, will try other address. Market all over the place right now. Oil price up, shares up; oil price down, shares down!. "Hope" that OPEC and non OPEC countries will agree oil production cut. Difficult to know what to do - could argue both cases, to re-invest or sit tight. CM

I think you may well be right. Although it shouldn't really affect the share price of REDD the falling oil price seems to be affecting pretty much the whole market. I read the following this morning: Crude Oil At 0430GMT today, Brent crude oil one month futures contract is trading 1.7% or $0.52 lower at $29.98 per barrel. Yesterday, the contract declined 5.22% or $1.68, to settle at $30.50 per barrel, amid demand concerns from world’s second largest consumer of oil, China. Moreover, oil prices fell after the Chairman of Saudi Aramco stated that the company can bear the brunt of low oil prices for a very long time and would not cut spending in new oil production. On the above basis and with the DOW down 200 points + Asian markets down over night, I think share prices will drop across the board today, including REDD (imo). Therefore I think it will throw up better buying opportunities. If the share price falls to what you believe, 160-165p, then I may well be back in; particularly if it falls into the 150s. Of course it may not happen. Good luck CM

Stockopedia always worth a read. This article is from last month. http://www.stockopedia.com/content/small-cap-value-report-14-dec-2015-nxr-wtm-trb-wgb-chrt-boom-114654/ Mostly bailed out of the market last week. Felt I needed time out to reflect. Now considering opportunites with my war chest. WTM remains very much on my watch list. Not sure what the market is going to do generally so I remain cautious Regards CM

Check your email now DLUK. If you haven't received it let me know. Good luck and regards CM

Unbelieveable that on a day when a majority of shares jumped on the market, GBG got overlooked. Pretty much sold out of holdings yesterday for the reasons stated in my last post. Still not sure todays rally is nothing more than a relief rally based on the rising oil price (for how long) and Draghi of the ECB stating he will take further measures to stimulate the economy (which could be taken that the economy is not in such a good state as it was generally thought to be). Hmm. We all need to rest easy and there are times when being out of the market gives more time to reflect not only on the market and what we should do but also on more important matters. Have a good weekend all and regards CM

Good for holders that this is rising again. Not sure how sustainable the rally is in share prices today. It may well just be a relief rally; so may be an opportunity seen by some to sell out shortly before another fall. Looking ok though just now. I am almost totally out of the market - the sign for things to pick up then!. Watching closely. Good luck CM

Thanks capt. The price seems to be bouncing around. Quoted nearly 83p to buy 10000 shares and nearly 81p to buy 1000 shares. I don't know what is more difficult; sitting on the sidelines with a war chest or investing and trying to hold through rough times. Is this a relief rally or more sustained?. Nothing worse than getting caught in a suckers rally. I see the oil price is well up today, which is probably driving the market. We have to live by our decisions; better to have some cash on the side than see our capital disappear. We'll see what happens. If the share price does go up to say 100p (possible), then to get into the market at 80p or 81p or 82p is ok. CM

"A loss is only a loss when you sell out?!." I have heard that oh so many times. And what if the share price, in any share, continues to fall (not saying this will necessarily be the case with INL). It is an excuse not to face up to the reality that we ARE making a loss in any holding and letting a loss run away. If I had used that comment as an excuse not to sell any of my holdings in the past, then believe me, I would be stone broke!. I for one am prepared to take my losses before they get out of hand and the share price having to double, triple or whatever just to get my money back. It is only by taking my losses early that I have any capital to invest today. And as it happens, I made a reasonable profit here with INL. "You are either going to spend the money or wait for the share to fall some more and buy back in, incurring two sets of costs.". No to the first part of that comment and yes to the second. I am aware of the costs, but they are minimal at £7.95 a trade and no stamp duty. The costs are covered easily by a decent trade and even a smallish share price rise. As for 90p, well, yes it may well reach that back there is no guarantee of when. I am not afraid of buying back in to any share above what I sold out at if I feel the time is right. Each to their own way of investing. CM