Member Info for leedskier

last buy was at 2.55

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It was previously rumoured that SEG only required £30m. According to today's Sunday Times SEG may need to raise £100m. Its assets are said to be currently pledged. If this is to be raised in a rights issue, the sp could tank short-term.

I have day traded this twice since the profits warning. (1) Immediately following the profits warning, when the shorts closed after it halved in value and the shorts closed gaining 20%); (2) today I bought at 56.45p and sold at 76p (34%) I would have bought earlier but my online traders IT system was down at the start of trading. I make it clear that I do not offer advice, but I will be watching it carefully on Monday to see if there is to be further short-term recovery. With main listed shares a jump of more than 50% in a day would be very unsual, hence the stall today at 76.5p. BUT that is not to say that a recovery back to (say) £1.50 may not be achieved over a few trading sessions. There are a number very large companies and institutions (including Warner) who paid a lot of money (£5 per share) back in the summer of 2007. The new CEO is an accountant by background and I would not be surprised if he does not quickly set about slashing costs and looking to add value. The City likes the change in the Board. The weekend papers should write it up. Buy recommendations are already flying around at this sp. Any hint of a bid (there were discussions last year with two or three suitors) and/or short-term funding on good terms and I hope the sp will rise expotentially from presnt levels. I repeat I offer no advice. DYOR.

may go back after the day traders sell

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that there is no trading

do not forget it fell by 60% in two days...so jumping back 100% is no big deal

...it may fall back on early profit taking, but any sniff of of partnership/funding as hinted in the RNS could see this move above £1. Most of the co. is owned by institutions. They will have levered the board out.

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it may bounce today

ALM has now signed up 3 of the 4 major UK bookmakers to its Turf TV monoply in conjunction with the racecourses and the TOTE. The 4th Betfred is just dotting the 'I's and crossing the 'T's. The independant bookmakers are now queing up to negotiate access to the ONLY live horse racing TV link to bookmakers from the UK race courses. The off the shelf price is 6k per shop. William Hill has a reduced package but as the RNS in the morning will make clear the income stream is rather impressive. The contracts are for 5 years. No ramping intended...DYOR etc, but this may open at 33 or 34p and over the week (subject to profit taking) spike up higher. It is thought that it is now a prime target for a bid.

Apparently announced on Channel 4 this morning. If so, that just leaves betfred, not yet using turf tv. Monday will be interesting. Over the last week or so, the sells have appeared on the FTSE and the majority of the buys on the PLUS Market. I would not be surprised if it opens 5% to 8% higher. There is a view that ALM is now in play for M&A activity. [As always DYOR].

that Wm Hills signs up...and if so, it just leaves Betfred...

I bought at 61p and sold at 74p this morning...every dark cloud has a silver lining...:)

http://player.clipsyndicate.com/view/1778/487893?cpt=8

I have posted about this before in Oct/Nov. Its being launched in Ireland in March. They have been going out of the door in 100,000 chunks today. I have been in this since October. The launch of leakfrog on 28 December (with the press/trade publicity) certainly helped. The MM's have controlled the sp tightly to ensure there is no mass sell off (even assuming some were minded to). Its thought that there is a shortage of these shares to meet institutional demand. The share conversion for the £250,000 currently only reflects some 4% of the shares in issue. If the sp rises to 4p before the end of January the percentage drops pro rata. Its hard to find a downside to the leakfrog. (of course the usual warnings apply to this post).

it will be interesting to see how the market reacts...

It is not as you think. Another's post has been rewritten. :)