Member Info for lemmink

From the consolidated income statement (HY16) diluted EPS before special items is 13.14 cents, call it 10 pence. So for the full year call it 20 pence and going forwards assuming debt reduction and other conditions improve I guess 30 pence. Apply a PE ratio of 10 to that and you get £2 - £3 it may take 12 - 18 months to get there, so a small discount for time could be applied (8%) but the main discount should be for risk, which is subjective. I have decided to apply a PE ratio of 6 which means I am valuing FXPO shares at between £1.20 and £1.80 as they stand right now.

Bought 5k @ a little under £1.14 ... holding 115k @ just under £17k spare cash

Interesting question ... dunno! ...good luck

Bought 10k @ just under £1.06 ... holding 110k & a bit over £20k cash ... massive trade went through this morning ... several million shares at roughly this price.

Chart looks like a space ship to me!

Bought 10k @ 98.3 ish p each ... holding 100k ... hoping for a jump into the £1.20 - £1.80 range ... a little worried about the quality of my opinion tbh ... putting it mildly!!

Bought 10k @ just under 95p ... holding 90k ... little bit nervous now

Bought 7.5k @ 91.7 ish p each ... holding 80k

The share price continues to show remarkable resilience in my opinion. Recently it has been subjected to waves of fear concerning old news and yesterday an element of more recent "disgustingness" has been introduced, which RBS claims to have been resolved rather than provided for. Perhaps it is simply cheap on a price to NAV basis? ... glad to be on the sidelines because I suspect the banks are still worthy of particular contempt.

Bought 5k @ just under 88p each ... holding 72.5k

Dreadful, very predatory lending ... witch hunt required?

Sold @ £1.81 ish ... bugger this for a game of soldiers

Bought 15k @ just under 82.5p each ... holding 67.5k ... got a dose of the galloping greeds again couldn't help it!

Definitely a scary day and rather confusing too! ... But all's well in Lalaland :-)

Sold 50k @ 18p ... Holding 60k ... Still looks dicey to me

a possibility?

The pain! :-(

Sure I said I sold some but the post is missing? And I was doing so well too!

rightly or wrongly i'm holding this because i think the recent news (Deutshe Bank related) is just old news that will hopefully turn out to have been fully provided for or at worst already adequately discounted for by the current price.

Order set to sell 10k @ 30p each expiring 30 september