Member Info for GSmiley

Just prohibit lending shares for more than a sensible period of time needed to balance one's books. GS

Thanks :-) You probably do this already, but just in case - here is something it has taken me a long time to learn.When you like a share, never (as in never ever) buy 100% of what you intend to invest in it. I tend to work in chunks of 20-25% but with a big invest such as PAYS I work in 10-15% bites. That way, you are guaranteed to miss the sudden steep rise. The reality however is that it is more usually for the sp to slip back after whatever action/tip/writeup you reacted to in the first place. And when things like this happen you have cash available to break your own rules :-))) - My good fortune here was selling in the 400' when I had made a very good profit on the way up from about 300. So I was cash heavy and as the sp started to slip I started to buy back in. I was only 50% invested before this morning hence my excitement. GS

Generally I think you are right not to set them. For what it is worth I used to work out where my stop loss figure should be when I bought a share, but I never stuck to it. Better to decide to cut your losses when they don't look recoverable, wherever that is. Slightly different if you are in profit on a share. I am a firm believer in any profit being better than a loss. On the rare occasions that a share I buy is showing a really good profit, then I do set a trailing stop loss (choose your own level, but not too close to the sp when you set it). I am religious about those. Every so often I regret it, but about 7 times out of 10 it proves to be a really good strategy. If you get a fall like the one today, you can always buy back, but generally a decline is a lingering death. Then stops work. All imho of course, and each to their own. GL whatever you do. GS

@BB - I wish making money was this easy every day... If I was guessing, I would imagine our greedy directors are rushing round getting advice on whether they can buy before putting out a "No reason... last outlook RNS holds good... etc " sort of RNS. Of more interest to me will be to see if any shorts are reported over the next few days as having closed out. Which is highly likely. I must admit to having placed a (very) small short bet in the 460's which I closed today in the 260's thinking 200 points per share was pretty good. But if any are gone, then the sp will start to rise again I would think. But right now this has to be one of the best value shares around. GS

.. that was fun. Loaded up as much as I could in the 250's. Shares, spread bets the lot. In my wildest dreams I never thought we would see these levels again. Loads of rumours flying around, but for those new to this/AIM I would suggest you balance the relative merits of a post entitled "Directors are Selling" (about 4 below this one) from someone who has not posted here before (or anywhere else for the last month) on the one hand, and the net purchase of 270,000 shares yesterday by the Finance Director on the other. I may well be wrong - often am - but on balance I think I know which one to trust more. GLA GS

@wolf - I think you are more of a conspiracy theorist than me. Give it 2-3 days and we will see. If there is a positive holdings rns (all our fingers should be crossed for Bain increasing) then we may be seeing the beginning of a short squeeze. What fun. Equally likely however is that the stock was shorted in anticipation/because of the poor trading update. "As we said it would be.." is just not good enough for a company trying to 4x its market cap. The price rise yesterday/today could as easily be shorts closing. That tends to get reported more slowly, but the next week should reveal all. GLA GS

@ BB Not sure if I hope you are right or not. I filled one boot in the 380's but kept the other empty in case the sp fell into the 350/360's. Still, beggars can't be choosers and although I have no idea about timing I am pretty confident that there either has to be a correction in the p/e or someone will come shopping. Too sweet a business to be rated at this level. And either way I would be looking for comfortably north of 500p. But the sp of this share has never gone anywhere ina straight line, so I have not given up hope of 360 yet.... GL GS

@CBINV Sorry - I probably was not clear. What I meant was the market has come to EXPECT each announcement to show yet more growth. So "steady as she goes, all is well and we will do what we said we would" was a disappointment. The sp performance since then would suggest that view may be valid. With an sp below 400 again I would not be surprised to see it fall further still. I am certainly keeping some powder dry just in case it does. GS

Hope your fingers were on the buzzer at about 8:02 this morning. Hopefully you got your 408p (or even a little better). Certainly smiling here... famous last words. GLA GS

I wish I could agree. Anyone can want a market cap of $10Bn but the reality is that PAYS is a small player in this space. Its sp growth has been fuelled by its strong profit performance over the past few quarters and by its successful integration of Skrill. Unfortunately, today's update translates into "no change, no unexpected growth and no EXPECTED growth". Let's face it, we are all here because we expected yet another strong update. This was not it and the market, like most here, is disappointed. I suspect the sp will fall further and am still heartily thankful I only bought back in to about 25% of my intended investment. This is a good company and I think it must either fly or be bought - so the upside looks pretty safe to me, but let's not try to gloss over a flat statement. GS

...I did not buy them all at once. A few more sometime today I think if it dips a bit more. And, depending on the US this could still go down quite a bit early next week, update notwithstanding. But I think this level will prove to be good value in the not too distant future. GLA GS

I have to admit that having sold everything outside my SIPP in the 430's (expecting the usual pull back) I was very glad to get the chance to get back in over the last few days at about the same level. Which probably means the sp will tank.... More seriously, with presumably good results only a few days a way it is hard to see it going down far from here and I would guess that if everything is on track we could easily see it heading into the 470's in about a week. GLA GS

@comeon - yes thanks - been buying a bit in the decline since the CEO was appointed and a fair bit since the FD was announced. I think we may be in for a good ride now so hopefully you have one or two as well. @spikey - for reasons that have nothing to do with this kind of investing I happen to be a s/h in Augean. I liked what I saw of him/his impact. He is a cashflow man and theirs improved rapidly following his appointment in 2014. If the same happens here the sp will fly imho. I really think the UTW team has a "spine" now - big stable shareholder, good ceo, good fd and a chairman who is probably not up to the job, but who has Woodford sitting on him to make sure he does no damage. GLA GS

More important to me is that they have a good FD now. No more nasty surprises which should mean that as trust grows the sp should increase. Profitable, cash under control, good yield. If the sp falls back (which it probably will) I will have a few more. GLA GS

I regret the fall as much as anyone, but I don't see any particularly good reason for it. Component costs are up but they expect revenues to increase also and the guidance for the full year was to meet expectations. Any kind of positive statement in Nov or before would cause a rebound I would think (hope). There is nothing wrong with the company, its model or the market in which it operates, so I am not inclined to take a loss right now. I may well average down if it falls further but I would think we are not far off the bottom. Each to their own GLA GS

@BB - Interesting as to whether the new CEO "kitchen sinks" the accounts or not. Obviously I hope for "not". Any improvement in cash flow should cause a real bounce imo given that this looked to be worth nearly £3 to Woodford amongst others. I suspect it still may be and most sincerely hope that a little bet taken out at about 125 pays off... As for FXI - your guess is as good as mine. If they are moving the SME version of GIANT through the channels they were talking about around the turn of the year then we may be in for some good news. Certainly got a fair mention in SCSW at the week-end which probably accounts for the sp today. As long as it does not go down too far between now and results we may have a good platform for a real bounce. Hard to believe it was nearly 700p once.... GL GS

@rivaldo - I agree with some of your commentary. You are right, the cash pile is good and stripped out the p/e for the current year should be around 10 which could prove cheap. The big "but" is that while most of the other players in this space seem to be flying, SCH appears to be slowing. Unless the sp recovers quickly, they may well end up a tasty morsel for the likes of PAYS who are looking to acquire and certainly have the firepower. This is no market for small fry. Which, of course, may be good for us longs. GS

...and the market does not like it. Unsurprising in the short term.

Strong update today but not as blistering as some others in the same sector. Cash is being generated fast and SCH needs to find a good home for it soon. So M&A action is to be expected. GS

only applies to subsidiaries within groups. It enables them to avoid reporting information which will in any event be reported in the accounts of the parent. It is designed to reduce cost, not transparency. But DYOR GS