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Anyone with L2 access can share a bit what you see in there? (without breaking the ToS you have!).
Feels like there's someone out there either selling a big position in small chunks or someone building a large position in small chunks.
Wyndrum, you need a designated trader to keep hold of your account until you sober up :D
I honestly wish HE1 finds HE in the next hole... I find it painful to hear some people investeted 10s of thousands on this company and where it's now.
As a few poeple mentioned: having their own clearing house will be a big win for CAB. I recall they had to use multiple clearing houses because none of them could handle the volume CAB generates (and that is a wonderful problem to have!).
I disagree with CAB expanding to South America, most countries already have big international banks working there for decades. South America feels more developed compared to Africa, SEA and some of the Middle East.
Another reason is that there's not much commerce between South America and MEA regions. But CAB is very well placed if this would change in the future.
Thank you for the correction! I score a zero on reading comprehension :(.
I read the beginning of the RNS which says 7.5p shares, but later it states the actual price.
I should get clear some money to put in Naked Wines. I have a very little position, but it looks like there's a lot of room to grow.
This might bouce a bit in the coming hours or days as very little volume is driving the price up. The volume was solid up to ~74p... and this is one reason why to have L2 access, which I don't...
The director buys in the last couple of days felt like the directors were investing in the company, but I have the impression they were exercising options to buy shares at 7.5p, vs the 53p the share is at the moment.
Not a bad thing in itself as directors hold a few % of the shares, but not the same as paying shares from their own pocket at market price.
Feels like the SP has a good up trend. I'm don't expect it to be by 150 by Friday or anything like that, but I won't be surprised if it gets to close to 75 by the 16th of Jan, and I'm quite confident there will be good news in Jan which will propell the SP higher.
I checked RTOP about a month ago (read their website, product briefs, claims that 60% of the customers stay with them, having 50% of the Italian market, etc). Coming from a banking & payments background the product they 'have' sounds like a lot of fairy dust.
Compliance is not easy, and pretending that shipping all data to a system that would figure out how to keep a company compliant is a bit of a laugh. I can imagine that by the time an organisation finishes configuring a system like this, they would have built a better platform in-house and with a fraction of the running costs.
As always DYOR.
I recently started tracking Essentra and I'm wondering what other people think of the company and management team as the increase in short positions doesn't bring much inspiration.
I'm also wondering what is the cause of the delayed buyback, could it be that the company thinks the SP will drop in the next months?
Hi Rachel,
I worked for a company that used CAB to do remittances to Africa. The company was profitable and sound even before the big increase in business in Nigeria (which now got reduced). I know this because the company I worked for had to do its own due diligence before taking CAB's services.
This ups and downs happen with companies that deal in emerging economies, and not many companies have the stomach or know-how to deal with it. CAB has both.
As a side note, having to deal with other regions is also a rollercoaster. Governments in emerging economies that have ficticious pegs against currencies 'invite' companies like CAB to alleviate the lack of access to foreign currency. The Nigerian government doesn't like it not because it's wrong, but because it highlights their ineptitude (again the same for Russia, Ethiopia, Venezuela, Argentina, etc). Another side note the negative views (in particular from the FT) are quite biased, I have the impression the FT or one of the journalists has something to win, as they have been very critical from most IPOs in the UK. It feels like they don't want companies to be listed in the UK and want them to be listed in the US.
I was looking at the same. 60p is a *very* good place to start in my view. I did buy a few more yesterday when the price was a around 61p. I'm quite confident the price will ballon up, but it might happen in Jan when the next earnings are reported.
Out of curiosity could a reduction on the short positions mean that the funds shorting don't see the stock moving down in the medium/long term and prefer materialise their profits and use that in another share?
I also don't know much (actually nothing) about the retail clothes business, but reading the news it sounds like this festive season might not be the best due to the cost of living increase.
Sorry to piggy back on this, I didn't know it was possible to move shares into an ISA. In this situation, is it also possible to move shares to a SIPP?
For example if £20k of shares go to the ISA, can the rest go to a SIPP? And would that be taken as a personal pension contribution? (and get the tax benefits)
Https://www.reuters.com/business/finance/cab-payments-pledges-hit-revised-targets-after-stock-plunge-investor-2023-11-16/
Looks like ther won't be an RNS until Jan.
@Jen248 can you share where you've seen the negative press? I saw some negative articles around the 25th (the FT had a scalding one), but the last 2 articles I read were positive due to last week recovery and the buy from Chief Risk Officer.
I'm not trying to defend CAB. The continued silence after the drop is plainly poor PR.