Member Info for JohnLewis79

Good to see BGO holding onto the 8 gain on the day.
What selling was easily absorbed.
Ytd were now level but off 4%,19% & 48% over 1,3,12 months. It's a long way back to the levels of 200+ of late '17 then skidding down in '18 as quickly as it shot up in '17.
Can see this moving up nicely on the F/Y results a month or so away now if interest is maintained and BGO can monetise the applications over the next couple of years.
A £60m mrkt cap looks up with events given the small '17 revenues (if that is a consideration?).

I cannot fathom an sp of 255 equated to any fundamental I'm aware of as I'm uncertain how the mrkt values tech shares as most have little in the way of tangible assets and they seem to differ from Co to Co depending on the story 'old tech/young tech', sub sectors and when earnings are negative in fast changing environments one is left bemused at some loss makers with mega valuations.
Size of the mrkt would be top of most pis lists and how quickly the Co can go from high growth to consistent sustainable moderate growth & increasing margins and eps. Guess we'll find out shortly if BGO can follow the tried and tested path.

Bgo might be considered a thinly traded stock given the wide bid-ask spread at times today (7-8%)
However unlike some OTC counters where buyers are few BGO does not suffer from lack of buyer interest.
Some longer term holders here than me can confirm /deny when BGO was up in the 150s plus territory if bargains & vols were substantially higher.

Big jump in vols this morning...the penny has dropped as the 10 rise is highly unlikely to have been driven by the new guy, contributory yes, but pensioner is right on the data business could be the driver of profits down the road.

Mrkt likes the appointment and a quickish return for those in the low 80s. I'm holding.

New appointment to Bango...

Not at all. Some people say shorting Co shares help with price discovery.
Perhaps?
I believe shorts main aim is to drive a Co share price to zero or as near dammit for the sole purpose of making money, despite the obvious risks to this type of strategy.
And it's not always high risk Aim shares that are targeted. Sainsburys, M&S & Debenhams have been top of shorters lists for ages.

Pretty sure there have been concerted efforts from pis and others to get short selling banned in the UK over the years but to no avail.

So Gluck Qd22.

Pensioner...don't think I'm promoting anything. Just part of the world of payment provider company's, that might be of interest to some holders.
If I held shares in RDSB I like to know what's happening in other parts of the oil sector.

Payments start up GoCardless has raised $75m from tech investors inc Alphabet to help its launch into Spain and the US.
The firm said itv was processing $10bn in payments annually. Regardless let's customers set up recurring bank payments from customers on line rather than relying on a debit or credit card.

The Co has 40,000 customers among them Sage, Thomas Cook and Bulb the energy business.

The German regulator have stepped in to stop short sellers betting against Wirecard the payments provider Co after short sellers targeted the Co following a string of reports relating to fraud and accounting irregularities surfaced at its Singapore office.

Shares on loan had jumped to 13% and the sp has fallen 33% wiping £6bn off its mrkt value.

BaFin the regulator stressed the company's importance for the economy and this was the first time it had taken this action.
Shares gained 11% on the news and the ban remains till 11/4/19.

Decent few days of rises and more interest following the strategy day.
Still down on 1 mnth, 3, ytd & 52 wk.... be a lot happier when 90 is cleared which with a fair wind we should see come F/Y results.

Increased my holding a tad and slightly lower avc
So happy with that. Not often I succede in achieving that so win win.
Final results on 19/3.

BGO might he suffering
from the 'story stocks tell tall tales' syndrome, ie an interesting concept based on media coverage and the like promoted by a charismatic CEO.
Plenty of examples of this from Jobs at Apple, Kelleher at SWA & WB to name a few all great stock promoters in their separate ways.

Once engaged over enthusiastic investors bid up the prices of stocks ignoring the fundamentals and this creates a rising momentum (see BGO 2016-2018).....the shares rocket beyond acceptable valuations promoted by management & brokers using the 'disruptive' technology tag to lure investors in letting the trend be your friend etc...

Once these evaporate or the stories become stale the price comes down rapidly, investors having left in droves with just a few die-hard left holding the baby.
Buying the story can be a slippery road to losing money and one traders use profitably at lths expense.

The question of dilution via a RI is dependent on a couple of considerations that holders will have to make.
The main benefit of a 'rights' to you as a holder is that the assets of the Co you partly own are enriched by the amount subscribed for the issue and therefore the Co will be able to expand further.
I have to say I have been involved in a few RI's and all were dismal failures by that I mean that the sp fell below the RI price.

Be that as it may you should consider a) are the old shares under or over valued on the mrkt. If under-valued you would take up the rights. b) if over-valued at time of the issue you could sell the value of your rights* and wait for another opportunity.

* the diff between the mrkt price and the ex rights price. I'll give you an example.
If the offer is on a one-for-one at 30p with the mrkt price of 40p the effect on the mrkt price ex the issue is as follows.

One old share at 40p
One rights share at 30p
Value of two shares 70p
Value of one share 35p

The mrkt price is adjusted to 35p. So the value of your rights is the diff between the mrkt price 40p and the ex-rights of 35p in this case 5p which you could sell in the mrkt.

You should also be aware that the lesser the proportion of 'rights' shares to existing shares the smaller the adjustment in mrkt price
(1 for 4 opposed to 1 for 1)

Of course munters is quite right on revenues. Unless they translate to profit at the bottom line....or if you like turnover is vanity, profit is sanity.

Never wrong to have dissenting voices I suspect BGO falls between the two stools with this year being especially crucial.
I have been to some investor meets in the past and cannot remember any significant buying interest following the presentation so wouldn't read too much into munters assertion ' the story impressed no-one etc..'
However if munters is right a 'raise' would be very bad news for pis given past record of the company and I would not support feathering the bods nest. I have been involved in 3 separate Co 'rights issues' and every one ended badly, ie the sp much lower within months.
Pretty sure BGO will not tap shareholders but you never bloody know. For now I will remain on the sidelines.

Stupid to equate one bad pick with BG0 I know...so ready to buy back sometime tomorrow though it might cost me more to av up...we shall see.

Only the US remained in the blue on Fri albeit marginally.
London fell 22 (7071) but up 51 on the wk, the 250 down 146 (18653) & off 158 for the wk.
Trade and global growth were back at the top of the agenda as news that Trump will not meet XI J until after the March deadline on tariffs has passed. A deferment is a possibility.

In the US stocks posted small gains on Friday the Dow ran up its 7th straight weekly win closing at (25106) though fell 63 on Fri. Ytd the Dow is up c.8%.
News that tariffs might be kept at 10% initially rather than the threatened 25% buoyed mrkts somewhat.
Q4 nos were no longer a factor.

In Asia with SH closed all wk TK slumped 418 on Fri and 455 over the wk. HK back at work fell 44. Ytd the Nikkei is up c.2%, Hang Seng up 8% and SH up 5%. Your editor in chief...heh heh heh!! will be practising a period of masterly inactivity for the foreseeable.

The nos: Oil $ 62.08. Vix15
Gold $ 1318. Coin $3644.
£$ 1.294. £€ 1.143.
MSCI 489.
Ytd nos: G 0%. Gkp +13% & DNO up 33%.

Morning all.

Well your making money in G...congrats hydro!! It sure pays to trade this stock from 1000 down as long as your timing on entry /exit points are spot on. Never felt comfortable doin that tbh as i know i would hold on too long or sell to early. It ain't all a bed of roses making money day trading that's for sure.
Given the lack of choice and I won't get involved in cfds and other instruments of mass destruction its the old standby 'buy and hold' for me.
Much depends on the type / class of stock, trading RDS seems pointless given the £24 stock price.
Though I like a punt as much as the next man I got badly burned in the '87 crash trading the account and I have never forgotten that. Have to say I was able to punt £500k of stock nil paid- settlement at close of the account period (10 days).
I did have a blue button watching my trades like a hawk. Mind you in them days no mobs, no internet you pretty much spent your whole day on the phone and youhad to be vetted to obtain an account at a brokers and certainly not of the type i was allowed to use which generated considerable commissions (1.65%+) for the firm.
Big Bang put an end to my trading days as my brokers were unable to compete and sold up. I graduated to my fathers brokers James Capel but they frowned on acc trading and would not allow me to trade without cash upfront.
I pretty much quit the mrkt for the next 10 years concentrating on the ponies and sports betting.
A big win at Goodwood got me back into shares in early 2000 ish and it's been bloody downhill ever since!

I have reduced as 85 been hit. It's a Fri so I might pick up some cheapos on Monday. Took a small loss but heh ho.. I set a stop loss of 85 ish and for once acted! Their might be too much baggage and an extended stay for my likes
for me to re buy, I'll have to see. Odds are
I will call it a day. Unfortunately this has all the hallmarks of a stock that near decimated my net worth.
On that one I held on far too long, not anymore. Gluck to those who keep the faith.

As a follow up to my prev post, ask yourself whose making money in G, is it you?

Never happen as long as I live...which is lots so far...mrkts are inherently corrupt...i mean why the uckf wouldn't they be? Examples are myriad from the 'squawk box' era of the NYSE when mrkt commentators could move mrkts simply by punting a 'go go' stock. From memory there was a delicious young lady who fronted CNBCs ' Market watch' early morning tv programme and the tip of the day could go stratospheric...CNBC became an indispensable means of communication where every sniffle could give mrkts electric shocks. It's a playground reserved for specialists / jobbers and the like where they make the rules skimming off a % of each trade....nice!...
screwing with your money of course! It's a shadowy system at the best of times and as long as you know the system is rigged
you have a 10% chance.
As an aside to pis woes the main TV networks had their own ratings to worry about, ie bolster the growth and doubling the audience...the little guy lost in corporate moves. I mean whoever heard about conflicts of interest and the like?