Member Info for GSmiley

Interesting question.
Effectively Epic and Giles Brand are the same thing (he is the boss of Epic). So you could assume about 32% will act with one voice and it is hard to see a difference of opinion between Epic and Hornby since one has backed the other.

Given the rise in sp and the sizes of their holdings, I would assume that we will see some divestment - presumably via a placing at some stage in the future. As to when that happens - your guess is as good as mine, but LUCE looks to have a lot left in the tank so why would they sell now if they expect still better things ahead?

There are other (respectable) institutions involved but their stakes are less than 5% individually which might signify that they expect to pick up some shares in the event of a placing. So my opinion - which is worthless - is that in this case tightly held shares are not a problem and I have been a buyer for some time now.

Which last statement is guaranteed to precipitate a crash.
GLA
GS

I agree with both your statements. I still have 5 figures (££'s not shares, unfortunately) in FUTR so I still have tremendous confidence. It is just that nothing in investing is 100% certain...
GLA
GS

...but having held since February 2017 I have just halved my holding to recoup my original investment (and a chunk of profit). I have done very well indeed over the last couple of years and experience has taught me never to let one share represent too great a proportion of one's portfolio. Fingers crossed I find something else as good.
GLA
GS

Re-read the RNS to make sure for yourself, but essentially it means that performance targets agreed in January 2017 when FFX bought Q Money have been hit and therefore additional consideration (also agreed at the time) is now payable. And if further targets are hit in the future then further consideration will be payable. If the targets were hight relative to the additional consideration it is good news. If they were not, it is not.

GS

I am not sure I care too much about the seller and so have been happily adding for the last 4 weeks or so - holding is now just over 40,000 shares.

If you believe OW's presentations, and you think XLM can execute on its present strategy then this is a very cash generative business. That means the dividend should be safe (it may be reduced a bit this year but will grow again next). As soon as the market begins to believe in a c. 10% yield, the sp will rise. And that ignores the possibility that this may also be a good business with real growth prospects. OW clearly implied, when talking about the 2018 numbers, that he expected 20% EBITDA growth to resume. Factor that in as well and the sp has to rise steeply somewhere in the next 12-18 months. Yield and growth - bring it on.
GLA
GS

I am very long here as I added a lot in the December "crash" and have a fair sized long bet as well. So with an average cost of about 80p a share, this is getting interesting for me. Especially as I am beginning to sense an uptrend - I am not a great believer in charts, but there does seem to be a rising support line from December to now. If that is correct then there is a fair way for the sp to go between now and the end of May. 120p looks v likely and IMO there is a chance of 140-150p. I will cash my bet if that happens, but I will continue to hold about 30,000 shares long term with an eye on 250-300p

One swallow a summer does not make, but the last few days have been a good start.

GLA LTH's
GS

Actually, I am not sure that is what the RNS said as it referred to "adjusted* and reported PBT" where adjusted was noted as being before amortisation of acquired intangibles, share-based payments and acquisition and reorganisation costs. The headline number might disappoint.

I do not doubt this is a good company/investment longer term, but for me this statement is somewhat underwhelming and I suspect the sp will gradually slip back over the summer against a backdrop of lack of sparkling numbers, trade wars, Brexit mess, political uncertainty et all. Might prove to be a case of sell in May... I was already well up here and sold first thing this morning planning to return either in the autumn or sooner if news pops up that suggests the sp will rise. No shame in taking a profit.

GLA
GS

Looks as if the SP may be beginning to rise in anticipation. See RNS 10th April - CEO: "The Board looks forward to providing a more detailed update on progress and the exciting evolution of the business on 28 May 2019 when we publish our year-end results." I am sure there will be ups and downs, but the trend should be up.
GLA LTHs
GS

No, it does not because the market has already been told the results will be in line with market expectations.

Given the statement of 10th April, I would expect them to be just that. What the chairman & chief exec have to say on 28th May about current and future trading is much more important. Reading the RNS of 10th April - feel free to re-read it - this year has started well.

And if I was guessing, there were no numbers for 2019 because ALT was expecting more (significant) action between then and two weeks from now.

GLA LTH's
GS

Since my ill-timed post of 15th April (sp had fallen 15% as of last night), I have been trying to catch a falling knife and averaging down as PTSG has looked woefully undervalued for some time. So quite hopeful with this morning's update that all is not lost :-)

GLA
GS

Looks like a cracking appointment for LTH's
GLA
GS

In order to guarantee a further price fall, I bought in today... more seriously it is very hard to see bad trading news hard on the heels of:
- a "no reason" RNS,
- an increase in bank facilities (bank due diligence - ha ha)
- a final results RNS that contained the statement "2019 has started well as we continue to deliver against our strategy to seek sector dominance in the markets we serve, and the Board is both confident and enthusiastic about the Group's prospects and performance"
- and what look like good contract wins.

I am guessing that whatever happens over the next few days/weeks, this time next year LTH's should be smiling.
GLA
GS

or it often is when the sp has been falling steadily and LTH's are finally talking about cutting their losses. Looking at past RNS's PTSG issued a "no knowledge" RNS in Feb which would suggest trading is OK. SCSW has covered them pretty consistently and likes the company. It is not always right in terms of timing but barring the odd hiccup its judgement is pretty good. I have not bought yet because I think the market may suffer more Brexit shocks before the year is out, but at this price, the company looks tempting with EPS of nearly 14p in the current year before acquisition synergies on an sp of 85p today. Could prove to be very cheap. And if Corbyn gets in I would think PTSG is in a sweet spot in terms of government spending. If we don't all get nationalised that is...
GLA
GS

A buy of approx £30k by the finance director is not insignificant. Which suggests that - despite the c. 50% rise in sp since the last poster's wonderfully unbiased and accurate comment - there may still be plenty more to come.
GLA
GS

And about time. Interesting to see if it appears in SCSW Portfolio 3 in the next couple of months. Of the other two main tips this month, FFX is already in and DIA is not dissimilar to LUCE (which is also in P3). So my money is on LIT - and has been since the end of Jan. Feels like a better bet than MANO which appears sluggish by comparison.
GLA
GS

And in SCSW in June, July, Aug and this Feb. Mahe bid for Lighty get mentioned again this month given the bid for Lighthouse (LGT).

GS

Not in, but noticed a relatively positive write up this month in SCSW. I imagine the sp will bounce on Monday morning
GS

:-) Belatedly halved this morning having bought back in April. In for free is always a good feeling.

GLA
GS

Feels like a buying opportunity. Statement anything but hollow - the all-important KPI of take-up of the platform - no matter how it is branded - is looking good. More upside than down imo.
GLA
GS

It is a copyrighted, subscription only letter and it would be illegal to do that. Imho the key takeaway is this (DYOR on the technical terms):
1. In conjunction with Nokia, FTC has developed a Massive MIMO (mMIMO) antenna.
2. Nokia contracted (in July) to supply T-Mobile with US$3.5 billion of 5G Network equipment for T-Mobile's first US nationwide 5G rollout.
3. This deal is probably related to a US$2m mMIMO contract FTC announced last month.
4. FTC's CEO says “if you were to assume Massive MIMO had to be applied to T-Mobile’s 110,000 masts, in theory it would be several $100 millions of business for Filtronic.”

They won't upgrade all masts and not all will be upgraded using FTC gear, but there is the potential for some truly colossal business for FTC.

GLA
GS