Member Info for GSmiley

Yesterday looked too cheap to miss and now there is a tight spread, update news can only be a matter of a few days away and it is expected to be good. Just a bit more volume and this could fly (at last). GLA GS

If you had held QPP shares from 2p up to 40p (old money) as I did and NOT top sliced you would have remembered it for the rest of your life. Just look at the QPP bb if you do not believe me. It is full of people who have lost more money than they could afford. I think that the saying that a loss is not a loss until it is realised is a load of b/s. However the only profit that is real is the one that is banked. GS

I could not agree more. No shame in taking all or some profit. Top slicing (and halving and running for free when I have been that lucky) have saved my bacon too many times to be ignored. QPP, TRP, TUNG, CRND, AEX, FXI, MONI are all on my list. And over half the shares in my current portfolio (Sipp, ISA and trading) are running for less than 10% of cost thanks to top-slicing and using stop losses. Other than luck, there is no other way to invest long term and reliably make money on AIM imho. GS

at £2.92. Good enough for now. My guess is the sp will mysteriously come back a bit over the next 2-3 weeks and I will buy back in then. If not, I am running for better than free and my spread has a guaranteed stop on it just in case. The sp will overall climb between here and 250 entry, but there will be a few dips on the way I think. GLA whatever your strategy GS

Hi BB Great timing! Although there was a pretty easy trading range (even for me) to be had between about 255 and 260. Not much, but it happened several times a day so a few bob could have been made. I think we pretty much agree on strategy although it might just go up slowly towards main market listing. The risk for the mm's is that if they try to push the price down there is a nice hungry ii or predator just sitting there gobbling them up. Odey has his hands full at TUNG but that would be just his style. So I am compromising. My spread will stay put unless the sp hits my ridiculous limit. My SIPP, which is about half my holding will stay because I try really hard not to trade that. And I will play with my ISA which is now seriously overweight. Some has to go and it is just a question of getting the timing about right. Not sure about leaks though. There were a couple of huge trades on 29th (roughly 3m shares each which a number of posters thought were buys. One was certainly a sell and the other looked like it. Brave thing to do if you don't know a bit more than the rest.... Good luck tomorrow to all long pi's. Watch out - I suspect we may see a troll or two in the next few days looking for a cheaper entry than they deserve.... GS

Ha ha The endlessly verbose and opinionated BrotherHumb has written far more than two books over on the QPP and DAN boards. He is dyslexic, but putting that to one side I have no idea what they might mean. Hope yours is/are better. :-))) GS

Just a quick reminder for any spreadbetters out there who were trying to leverage an almost sure thing. If you think the sp will spike tomorrow (I am not saying it will, but the mm's are quite likely to mark it up for the off) don't forget to set your limit according to your hopes. I am not bothering as I have a Dec-15 contract where I am in the money at 228 and touch wood we will not see that again. Whatever else the sp at some stage over the next 5 months should be well ahead of the price today and (I hope) tomorrow. GLA - we knew it was coming but it is always a good feeling to have it confirmed. GS

It has looked as if someone has been really trying to keep the sp down all day. My money is on an order being filled, but the brakes finally seem to be coming off. Maybe as simple as not wanting to be out over the w/e but I am ever the optim(al)ist and hope we can now see the sp begin to get back to where valuation fundamentals suggest it should be. GLA and have a good w/e GS

I have seen enough of the posters on this bb to know that none mean to give offence. I certainly did not, and if my post caused any, I apologise. GS

Ha ha Wolf A SYMPHONY of agreement.... how can we possibly be wrong? :-) GS

Re-read the RNS. It says "...decision on the application is expected to be made no later than 11 August, 2015". Expected does not mean definite. With the FCA anything is possible (except processing this sort of admin efficiently). So if there is a further delay, don't be surprised. Which does not change the eventual outcome, just the timing. I am hoping it will be sooner, but...... GS

Two issues. FCA approval. Turn the proposition round and assume the FCA does NOT approve. My bet is that the sp would tank. Therefore the market considers that there is still some risk that may happen. Assuming approval, that risk is removed and the sp should rise. It also means that conservative, non-tracker ii's will be more likely to buy as post acquisition main market listing entry becomes a given. FTSE250 entry. I think it is pretty well documented that there is a "tracker effect" which is typically worth about 10%. Even though they can see entry coming, and even though they know the sp will rise on entry, trackers cannot BY DEFINITION take positions in stock that are not present on the indices they track. I also happen to believe that the valuation of OPAY at this price, with or without Skrill, is low by comparison with its peers, I believe this underpins the argument for a rise in sp on (good) news. If you do not believe this last point, then an a LTH the rest is irrelevant and you should sell. GL GS

I am not despondent yet. As have some of you, I have been with OPAY from the beginning. In that time, they have always behaved like a grown up company and their investor relations have been superb. I have absolutely no doubt that we will either see an RNS today or at the latest, tomorrow either relaying the FCA decision or explaining why there is a hold up. GLA GS

Stopped out. Just rebought at 257.50 which is probably a rush of blood, but: 1. 7p on about 20k shares is not shabby (assuming the sp recovers at all), and 2. I think OPAY is undervalued at these levels even if the Skrill deal is turned down. They will be bought within weeks if it is (imo). But I thought the sp would rise today..... GL GS

I suppose the possibilities are: 1. Leaked bad news from the FCA 2. Pre FCA announcement nerves 3. Clever market tactics to prey on 2 above so the big players can line their pockets. Thank goodness for stop losses - the question now is when to buy back as OPAY without Skrill is undervalued at this sp. GL GS

You will be OK here. Moni was a cash gobbling start up hype. Opay is the opposite. GS

Given that tomorrow is kiss or tell, speculation is pretty pointless. But, as I wait for someone to come on to a conference call, it passes the time. We don't know for sure. But the only regulatory hold up the the takeover is the FCA approval. All is OK in the USA. If the FCA had a pre-existing problem with OPAY (regulatory failings of some sort perhaps) then surely they would have said so at the outset. Anything else would have been irresponsible, counter to their purpose and likely to end up in leaked information which if traced to them would be embarrassing beyond belief. So my take is that the FCA will say yes. Whether they do that tomorrow or a few days later I do not know, but you can be sure that every question they asked would have answered in minutes so any delay will be the FCA's. As at 3rd July this was on track otherwise OPAY could not have worded the RNS of that date as they did, and the Schedule 1 RNS of 24th July is a pretty strong hint that OPAY was still confident then. So, without offering to eat my hat or even bet any more money than I already have on this share, I think we will get a yes tomorrow The very best of luck to all longs here GS

From Gaming Intelligence - June 2015 "The company said that "good progress" was being made after it secured approval from the relevant authorities to take over Skrill’s US business, while the transfer of shares to be issued as part of the purchase price has been approved by the Delaware regulator, where the company has been granted a US money transmission licence. The final step ahead of the deal’s completion is securing approval from the UK’s financial regulator, the Financial Conduct Authority (FCA). Notification of the deal has been made to the FCA, with the body confirming that unless it exercises its right to interrupt the consideration period, it will make a final decision by July 30th." Surely the FCA cannot go that much more slowly than the Americans.... :-) GS

Don't I know it - diary reminder popped up last week :-) And when I re-read the Half yearly results RNS, every metric seemed to be going the right way. There has only been good news since then (acquisition, partnership etc) and as consultant numbers rise, the corresponding increase in other staff needed to support them reduces. So profitability ought to be improving and I am looking for a pleasant surprise when we are updated in the next 2-3 weeks. BWTFDIK GLA GS

my timing is better than usual. Topped up just now. V happy to see someone (much) bigger than me buying as well. GL GS