Member Info for dasv

still seeing nice linear growth on this since my purchase on 29.3.07. This RNS proves how respected this company has become in OLTP (online transaction processing):- LONDON (Thomson Financial) - Datacash Group PLC said it has been awarded preferred payment service provider status by Lloyds TSB Group PLC. Lloyds TSB will recommend Datacash to its new and existing clients in the gaming, airline, multi-currency and specialist sectors for all online payment processing.

100 was a very narrow spike - might have been hard to actually get that price - perhaps with the help of level 2 streaming Davius? I've been out all morning so I'm looking at still holding. Bought with own funds so can wait indefinitely thankfully. Wish all my other trades were doing as well as this one!

Mozy, I know your question wasn't directed at me, but perhaps I can help with news feeds... This morning I noticed a post on SVR in recent sharechat on lse.co.uk. from stockspy. I then went to advfn.com's free forum and looked at a thread on SVR. Someone on there said results were out. I then went to selftrade.co.uk (who i trade with as well as td waterhouse). No sign of any RNS regarding SVR. Then I went to www.londonstockexchange.com and searched for news on SVR and got the RNS prior to it appearing on selftrade or lse.co.uk. Moral of the story is newsfeeds come out first on london stock exchange's site - as GedW has mentioned before. From there they are desiminated to other financial web sites. With respect to my approach to stock picking. I go for value almost exclusively. I look for undervalued companies rather than startups with potential for growth (although I have tried to go down the latter route in the past and have been stung - e.g. BYOT and SEO). I buy generally after positive results - e.g. TFL in October, SMC today and SVR today. I generally miss the first chunk of growth because I don't have level 2 like Davius and I'm not up early enough! Good luck with your trades.

hehe ;) can't blame him really...

in at a rather higher than desired 13.85 - none for sale btw when i placed the order

See my posts below on convertible bond arbritrage. The convertible bond produces shorting on the stock however i haven't seen any reason why yesterday was chosen to be the date to short. There was a plague of nutters on the Renesola thread on advfn in the last few days all talking this share down. They have mysteriously disappeared today. There is talk about how the shorters were even talking in code via the advfn thread though I suspect this is just a conspiracy theory. However I think the presence of the nutters is indicative of massive short term shorting yesterday. I have bought 4 times on this fall, and 5 times in total and was late to SOLA so my average price is 471 (and I'm not ashamed to admit it). I am hoping the prelims will prove the estimates for growth to be correct.

i'm not day trading this because I'm hoping the rebound will be longer than 24 hours.

software companies aren't my thing though - save for Autonomy. Having said that forward P/E looks like about 6-7...

results out today http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1457787&source=RNS looks like they are going somewhere

On Thursday 5th, I posted twice about how I was about to buy but didn't even though I thought the company looked undervalued. This morning I got hit with a big spread and ended up paying 74.85. The Way of the Samurai is one of immediacy...

http://miranda.hemscott.com/ir/epo/pdf/2006/Earthport_AR_2006.pdf

i find last year's report pretty scary reading. This company has spent £6m on computers and software and gets a measily revenue of £661k with admin expenses of £4.7m. I appreciate this is a startup, but with the level of outgoings I question their strategy particularly in a market dominated by some very major players. With hindsight, a better bet for online transactions would have been datacash. I cannot fathom why this share has got takers, however I would not be surprised to see it rise - such is the blind optimism of some.

Debts.co.uk Our view: Buy Share price: 117.5p (+4p) The debt management industry looked to be in all sorts of trouble at the end of January, when a handful of providers put out profits warnings. As well as complaining about increased competition, several of the sector's largest operators revealed that a number of creditors had been taking a harder line when it came to so-called Individual Voluntary Arrangements (IVAs), which help indebted consumers to write off large proportions of their debts. IVAs need to be ratified by 75 per cent of creditors by value, so if the banks stopped playing ball, as some had feared, the industry could be brought to its knees. Shares in all the IVA providers nose-dived. Even Debts.co.uk, which issued a statement claiming its business was in rude health, saw 25 per cent wiped off its shares in a couple of days. Over the past few weeks, however, the lenders have continued to work with the industry towards developing a Code of Conduct. This will see greater transparency, and put an end to debt management companies advertising IVAs as a way to escape your debts. Meanwhile, demand for these services remains high. Debts.co.uk unveiled a 61 per cent rise in profits yesterday, and looks well positioned to take advantage of this fast growing market. After its January share price slump, the shares are woefully undervalued. Buy. http://news.independent.co.uk/business/comment/article2396095.ece

and lo and behold, sola drops 4.15%. Damn and blast I seem to have been right.

obviously 1% is a very low yield so the incentive for the purchasers of the bond is to go short on the stock instead. I hope I'm wrong as I'm long on SOLA

also http://www.investopedia.com/terms/c/convertiblearbitrage.asp "This strategy attempts to exploit profits when there is a pricing error made in the conversion factor of the convertible security." The hedgers think they will make money because the share was incorrectly valued at the time of the bond issue. The price set for the share under the bond issue was 5.88 "Deutsche Bank AG, Hong Kong Branch ("Deutsche Bank") has been appointed as the placing agent for the Offering. On 21 March 2007, the Company and Deutsche Bank entered into a placing agreement relating to the Offering (the "Placing Agreement"). Under the terms of the Placing Agreement, RMB 928,740,000 (approximately US$120 million) principal amount of the Convertible Bonds will be placed by Deutsche Bank with institutional and professional investors. The Convertible Bonds will be issued at par and are convertible into New Shares at a price of ¿5.88 per share ("Conversion Price"), subject to adjustment for specified dilutive events. The Convertible Bonds will not be admitted to trading on AIM or any other stock exchange. The Convertible Bonds may be converted into New Shares at the option of the holder at any time on and after 10 April 2007 up to the close of business on 11 March 2012. The Convertible Bonds will accrue interest at 1.00 per cent. per annum, payable on a semi-annual basis. "

see http://en.wikipedia.org/wiki/Convertible_arbitragefor an overview of hedging technique used in this fund raising example.

thursday's late price collapse below support is seen to be for one of the following reasons:- 1. CGT allowance (end of tax year - so people are closing positions to utilise their allowance). I doubt this would have a significant effect on the SP - how much volume could this really create? 2. SOLA raised funds using a convertible bond which is subject to delta arbitrage by hedge funds. Essentially, according to some posters on advfn, hedge funds are set to gain from shorting the stock. According to others this is nonsense. The devil seems to be in the detail. We don't know the exact setup of the arbitrage positions so it's hard to say whether hedge funds will favour going long or short. I could also add a couple of other armchair post hoc analyses of the drop. 1. Results are out in a few weeks - the figures will have to be strong to push the SP up. Perhaps there is a rumour (maybe even based on fact) that the results will be below expectations. 2. Random walk. Sometimes volalitility is hardwired into SP variation by institutional investors stops or indeed auto-buys on target prices. Perhaps the volatility is none of the above and is just random. It certainly will be interesting to find out which if any of the above potential explanations is true.

http://www.theglobeandmail.com/servlet/story/LAC.20070316.RSOLAR16/TPStory/Business "Merrill analyst Srini Pajjuri's top picks in the sector include Sunpower and China-based Suntech Power Holdings Co. Ltd, the two biggest solar cell companies in their respective countries. He also likes two recent China-based IPOs, Trina Solar and ReneSola Ltd."

Davius, Have a good weekend - good luck with the surf. (I just learnt to surf in Bali in December and January... Nusa Lembongan shipwreck was a bit much for a noob like me but still a lot of fun)... Re stocks, I did pretty well too since January. V pleased with Reckitt Benckiser, Autonomy, Tanfield and Savills. A little dabbling with the small caps with you and others has also added to the fun. The one thing I'm chancing is SOLA - bought twice this afternoon on a falling graph - catchy knifey...