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Buying a SaaS product is not something one does for 6 months with an optional extra 6 months. Buying a SaaS is usually a multi-year investment as it's expensive to switch providers for whatever product that is. Even more if the product is to keep the company in check with regulators.
I have the impression that RTOP has sold consultancy services (as in outsourcing) rather than a product.
I haven't invested in RTOP, but having worked in banking for a long time, reading their website and product material raises many warning signals in my head.
As always DYOR (and if you have a mate working in the technology area of a financial institution, have a chat with them!)
Just being curious about what other things are on your radar (I still hold to my CAB shares!).
I got some Naked Wines a while ago and it's doing very well since then. Also dipped my feet on Endeavour Mining after the CEO was ousted and it's giving a small profit, but on the up. And got some WisdomTree Japan ETF which has gone a nice ~12% in the last 2 weeks.
This share is more exciting than the first season of Lost. Citadel reduced their short (and maybe it will close it down?).
I do hope to see the SP go up tomorrow and see it tickle 100p (I can only dream! :D)
One of the positive things about CAB is how diversified it is. If the DOW is down, it might affect companies buying commodities from countries in Africa, but won't affect any of the other organizations that do business with CAB.
Jumbo, did you open a short? as your latest messages are all about 'it's going back to 80'.
It depends on when you bought and your risk appetite . If you bought at 50, the chances it tanks below 50 are very low (in my view). If you bought at 80, maybe it makes sense to lock in a some of the profit.
Some of the best advice I read recently: never feel bad about taking profits (even if the price shoots up later).
All transactions are both a sell and a buy, what some sites (like LSE) do, is that if the price of the transaction is above the mid point it's considered a buy and if it's below it's a sell. You can see that sometimes a transaction is exactly on the mid point and LSE marks it as 'unknown'.
I cannot recall how that midpoint is calculated, but you probably can google that.
Fully agree. I wonder if today's increase might be one of them trying to close the short.
It's also crazy risky as even if CAB reports that there will be a reduced profit, the SP might still shoot up because it's far too low.