Member Info for GSmiley

Don't shoot me - I am doing this from memory, but there is a LSE (London Stock Exchange) page on the subject somewhere. A prospectus is required, which is sent to LSE and the FCA (as the UK Listing Authority) who take a look, ask questions, justify their fees etc etc. The timescales I have seen are in the range 6-10 weeks assuming all is OK. It will be, but that still puts FTSE Premium listing in late September early October at best. FTSE250 components are decided in (about) the third week of the month before the quarter. So on the timescales above, end November for December inclusion. GS

@Techni If I knew how to trade I would. I have a core holding in this share that I expect to do very well, and given a horizon of say 24 months (no one can see that far) I do not really care when that it is. However I also bought on spec in the hope that the good days were very close and that the sp when I bought looked ridiculous. It still does to my eye but I think China is overshadowing everything else and while it does stocks will struggle to make headway. Especially ones that still have considerable, albeit reducing, exposure over there. In that scenario, with the virtual certainty of strong, future good news in the shape of synergies, FTSE250 etc etc blah blah I think it probable that the mm's will take every opportunity to fill their boots. They will try to keep the sp in a place where they can do that. So just a little bit of pump and dump first to make a quick buck and then, when the euphoria has died down they will get back to the business of grinding pi's down..... I guess. GL GS

@Techni Fraid I agree. I have reduced some of my holding around 285-286 as I simply had too many after the excitement of the last couple of days. Still hold a lot but now have room to buy if there is another dip. For me the RNS was actually disappointing. We knew the historic numbers would be good but there was a lack of timescales, a lack of outlook and a lack of feedback on Skrill integration other than a bland "it is all OK". While China looms I think there is a risk that the market will drag OPAY down again after the early surge - it is hard for a share to go up when all around are falling. GLA GS

Well, let's hope it does not turn out like this.... https://www.youtube.com/watch?v=VYjyFQS3DWM

@PP Yes - we will get back to fundamentals. In the end, all shares do. But while China looms, with interest rates uncertain etc etc etc they may be put to one side for a bit. However, what with buying (yet) more yesterday and spreadbetting (for me) in a big way, this is now comfortably the largest holding in my portfolio and it will stay that way up to FTSE250 entry. GL for tomorrow (and beyond) GS

Thanks for the link Pete

I would doubt it. OPAY have always kept a lid on price sensitive information in the past. However, what is writ large is that 1. trading has been strong and when last reported was continuing to be, 2. the "skrill integration team" are progressing well (which probably means there are more synergies than previously announced and/or that they are arriving faster) 3. there will comment regarding FTSE entry timescales 4. there will be positive comment regarding future trading, and (private hope).... 5. there will be de-China comment regarding income dependencies..... All of which should be enough to push the sp a fair bit although until the China non-melt down is past all sp's will be depressed I think.

Either blind panic or simple disbelief at the valuations on offer yesterday. I will pretend it was the latter. GS

My L2 service from our host here is at present 1 hour and 20 minutes behind reality. So I have little idea of what happened this afternoon, but a spread bet at 243p seemed like a good idea at the time. Hopefully by 26th it will be showing a better return than it is now.... GLA GS

...I was (from Yoda, Jedi Knight) for having bought back in around 274 whenever it was. And look where we are. Groundhog Day. (Good thing I liked the movie). Just one of those sit tight if you believe the story, panic if you don't, days. GLA GS

Interesting. And why given recent RNS pronouncements would one think the announcement on 26th would not be as good as expected. In those shoes, I would have sold maybe in the hope of buying back for less post 26th. GS

Teix- I would love to hear why you think the fundamentals do not support a buy at these levels. GS

Hi BB - Sounds like hell - bet you are happy to be back in sunny, warm, cloud-free Blighty Completely agree with the buys theory. Am now as fully loaded as I will allow myself to be. If we get any kind of dip now I will add to my existing spreadbet. I just think this is set to explode - liquidity must be reducing with buys of the scale we have seen recently (about 14m reported today plus a fair bit of after hours reporting over the last week). Exactly one week to go OPAY results/update. I think it will be fun. GL GS

and another 4.5 million shown as a sell at 283p at 10:54. Pretty sure this has to be a buy. Really hard to have sold that many so cheaply over the last few days.... GS

Sorry Wolf - should have said "good post". Would love to see us listed in the US....

The transaction for 7.9 million shares at about 8.40am today may also help. It is booked as a sell, but that volume did not happen this morning so it was either a sell that has been happening over the last few days (explaining the depressed sp) or a delayed buy where the market has been held down. Same effect either way. (We will probably find out by Holdings RNS in the next couple of days) Hopefully with that trade complete we will see the sp rise now. GLA GS

Not a lot of volume, but it all seems to be one way traffic at present. Looking at what happened last year, the sp began to rise about now and climbed pretty steadily towards results. Let's hope it does the same this year - it should. GLA GS

Shame there are no numbers, but CS has built Restore with a series of little acquisitions and this is just another. Strip out the cost, let the margin drop tot the bottom of the page and hope the large contract drops.... GLA GS

I think that these holdings RNS' are all related to the effect of the rights and the issue of shares on completion of the Skrill takeover. Any other views? GS

@Techni Thanks for your chart, as always. Such a clear example of the difference between trader and investor. I think Wolf and I are of a similar mind here. We look at the longer term trend, factor in all those investy things like management, prospects, sector, newsflow, comparable etc. What we see is everything pointing to a significant rise in sp over the next week and months. You concentrate more on the pattern of (in this case) downward breaks that offer good short term trading opportunities but which would leave me, and maybe Wolf (although I have no first hand knowledge), sleepless at night :-) Something for everyone and obvious on your chart. A great pity about 95 of the posters here and elsewhere don't get that. GS