G up c115%....Gkp up c.69%...on a rev per employee basis Gkp trumps G by £80k (£433 v £352).
Perhaps points to being more productive but too many variables to give it much credence.
Outs 30 senior execs following the sub par results, shares up of course. This is part of boss Kelly's
overhaul of its sales operation after declining nos mainly in the UK. Sage is adopting the saas model from selling individual copies of its software.
Assuming no pull back to the sp the (-230's) are bust. That leaves 10 approaching the Canal Turn. Realistically its bunks 231 - ocelot 255 with 240 the fav which no-one picked! The most exciting end to the chase since Foinavon ran off with me money. Have a good'un.
Similar vols to 1/5 only this time they took the sp down on a bit of profit taking but overall held on to a 1.5 gain. The t350 added just 4, Sage (+13) & Mfocus (+7). Three trades of 33341 went through at 115.5 x2 and 114.5 x1 seems a determined buyer spending £115k. Overnight the Nsdq was off 30 & the Dow down 174. US Q1 nos are headed for the best result in 25 years yet the mrkts are singularly unimpressed. Volatility and exhaustion of being whipsawed is part of the explanation with many pis staying firmly on the sidelines and not running gains preferring to be safe than sorry. The bull case is becoming harder to qualify despite the mrkts resilience over recent geo political events and int rate hikes to come this year. Ytd nos DJ (-3%) S&P (-1%) & Nsdq (+3%). The ftse (-2%) has had a good run since early April gaining 500 (+3.5%). The ftseTechmark 100 paints a diff picture down just (2.6%) v the T350 (-24%).
Year end '17 payments rec'd totalled $263m. Say at an average of £$1.30 rate equals £202m or 72pps. You have to take my £$1.30 on trust but its kinda in the ball park. A low £$ rate is good for us, for instance if the '17 av rate was just 10c higher that would have knocked £15m of gross revenue. Currently the rate Q 1'18 is c.£1.3880.
Jan payments were c.$19m at the prevailing £$ 1.38 rate equates to
£13.7m or c.5 pps. So not sure where you get 79p from..that would be c.£220m! If only!
Always do your own thing when it comes to buying shares. Relying on others and I mean the experts can turn out badly. As it happens those broker tips for G upwards of 700 i wholeheartedly agreed with as I had come to a similar viewpoint doing my own research.
I always feel more comfortable blaming myself for a dud stock than blaming some junior wally brain in the research dept of a broker. You hopefully learn by your mistakes..... I sometimes have. While i consider myself reasonably au fait with analysing a Co you do need to delve deeply into at least 5 years of results, a bit of basic accounting never goes amiss. Then add a goodly dose of gut feeling into the mix. Remember brokers want you to think that stock market investing is too complicated for Joe Soap as that's good for business. Basically their salesmen peddling stocks from which they derive their income and invariably have 'agendas' especially from Co brokers! Activity is what they need hence the hundreds of recommends churned out weekly.
If your going to listen to anyone listen to the guy who has made the most money.....thats my tip.