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Absolutely terrible financials, this company makes barely any money, 11 employees, chinese related pump n dump.
11% free float, how in goodness is this even legal to lsit a stock with this type of free float?? I guess the stock is linked to a chinese company listed in the UK.
Alpha came runner up in the citywire capital markets elite companies award, beaten by Swissquote--
open link and scroll down the categories--
https://citywire.com/selector/news/citywire-elite-companies-awards-meet-the-emea-winners/a2420037
Looking at the trades that go thro daily, its usually large numbers of £'s and we know only around something like 8% of the stock is only owned by retail, the majority by a select amount of institutes so yes it seems, its institutes trading amongst themselves.
The Emea awards focus on 31 of the sectors that are most popular with elite investors in the region. Over the last month, we’ve been revealing the shortlists of the five companies in contention for the grand prize in each category. In each category, the award will be handed to the company with the most backing by the top investors we follow.
The winners will be revealed at a gala ceremony at the London Stock Exchange tonight
https://citywire.com/funds-insider/news/revealed-the-emea-shortlists-for-the-citywire-elite-companies-awards/a2419850
If we had more public awareness of the stock, we would have kept climbing imo, as at the moment we are level pegging, despite fundamentals improving, we do trade very lightly in number of trades a day, whilst the "popular" stocks with similar size caps have 1000's of trades a day. what will it take for alpha to become a stock that is always in the news. do we want more retail or more funds to buy in?
6% interest rates expected, even more income for alpha--
"The markets are pricing in that UK interest rates will hit 6% by December, up from 4.5% today."
Today we will find out if alpha won the best capital markets company award.
https://citywire.com/funds-insider/news/money-game-europe-s-five-best-capital-markets-stocks/a2417307
Very , very interesting comment, let me explain, for stocks to become huge multi baggers, eg go up 100 fold, its all about revenue growth, eg 50% growth a year for years on end, for stocks to get more level footed its all about profit, not revenue, its easier to make better profit by making cost savings, but much harder to make revenue growth if you have saturated the market or your revenue potential has much slowed down.
Interesting what you forecast, but in 2 weeks plus ?? considering the stock market gives a usual 8 -10% gain a year. I remember reading an article in america about stocks a couple of yrs ago, and they asked an average american who thought stocks should give 10%-20% a week !! in gains you knew we were in a bubble!
Yes IG offer it for advanced traders, but i guess you will have to pay tax on any profits, where as in a regular stocks ISA you dont.
Yes, i agree with you, and like i said can you buy UK stocks premarket or after hours?? with your ISA or SIPP?
Look hard enough and you will find disruptive, AI, high tech UK stocks, but avoid ftse 100 its full of old banks and mining stocks. but i guess the nasdaq has collapsed more than the ftse 100 has over the last 18 months. The prob is we have a high pound to dollar which means you get less shares for your money when you buy US stocks. we also have UK interest rate rise due very soon which will punish Uk stocks, unless you are in a stock that makes money when interest rates rise !!!
I know it drives you nuts, I own a stock with a price target of $32, its been trading at $5 for a year.
I have always wondered that? cos I watch US stocks a lot and as soon as good news comes out about a stock its up 50-100% in the few hours before the market opens.
Then as soon as you try and buy when it opens the stock does nothing all day, but level,, then after hours its gets sold off 30-40% drop.
The US market really drives you nuts if you cant get in or out outside the market hours.
so what about UK stocks like ASOS???, I use hargreaves lansdown for my ISA and SIPP, and i have to trade only during market hours.
thats why I stick to UK markets, but boy oh boy can you make a lot of money in the US stocks, as the P/e ratios are over 100 plus or the companies have huge debt, make losses, but investors give stocks over there price to sales ratios of over 25 easily. investors over there are only interested in revenue growth, they dont care about profits.
I guess UK stocks dont get the same massive bumps, or attention, Amercans buy anything and pay any price for stocks, they dont care, they say " buy high, sell higher" !! gone is the" buy low , sell high attitude"
Like i said the 2 ways of investing/trading these days are go for 52 weeks high eg lets say asos was £30 and it took it 2 yrs to hit £60 a nice 100% gain ( based on steady good fundamentals) nice safer method)
or you could be like i see in the USA latest fashion is go for 52 week low, the bottom feeders, get asos at say £3ish hold it to £6ish a nice 100% gain say weeks, months.( but much more risky), then find another stock and repeat process.
Watch the last 30 mins of trading, that tells you most folks positions.
We also have share based scheme holders, but the private holders the big % is the 3 battling giant %holders we have seen in the chat posts,
Lets say it did give a reasonable report, and retail got behind it and bought it up and then say 2 days later most retail sold out for a fast profit, institutions would never fomo on retail spike, they would wait for the 2 days to pass and subsequent drop form profit takers then buy in on any pullback after earnings.
or they could gradually buy between this earnings and next earnings if asos expect a better recovery in next earnings September, when summer clothing sales picked up by then.
Sorry, 32% private companies, 24% institutions, 23% retail, 12% hedge funds all approx