Member Info for LongerGuy

Agreed, this is more profitable and so looks like more of a bargain. I'm contemplating cutting some losses in NEX and increasing here as it seems hugely oversold as I indicated over the weekend.

PCF Which do you think has more potential, this or NEX?

LWHL. It was generally the consensus that this wasn't going to become profitable anytime soon and was therefore a huge risk.

As I say, I'm gutted I listened and ironically I've actually gone for a profitable company that keeps falling regardless so it didn't work out too well.

I can see this doing a THG tomorrow now though.

I have no position here sadly having been deterred by advice I received elsewhere, but I'm really jealous of the potential rise you're all going to see in the morning.

The one thing that puzzles me is that surely the directors couldn't have bought stock due to insider trading rules if this was legitimate?

Since 2018 Future has made at least 17 acquisitions worth £1.4bn.

That excludes the intrinsic value of the rest of the business such as it's digital advertising model, the existing brands it held prior to 2018 etc and goes to show how undervalued this is now.

Surely it must be at risk of a cheeky takeover approach. Look at Centaur media, that has a 25x PE now, but dropped to about 10x PE at the end of 2020. This is trading around 8x PE presently.

Having seen a meteoric rise I think the shorts are playing on the fear of those who are still hugely in profit here and this is persuading them to sell whilst they still have profit left to take, but this business is much more valuable now than it was.

Just look at ASOS, that is in a much worse place and is loss making, but is still apparently subject to takeover approaches. FUTR is still close to it's peak profitability, although the growth has slowed down due to the economic climate, the business is worth far, far more than the share price right now in my view.

I don't understand what they are seeing here that I'm missing

Don't knock it. This is a rise and it's holding. As I mentioned Futr had a similar rise after an £800k director buy and lost it the same day (and is continuing to drop). It's not the size of the director buy that matters, it's what you do with it.

Well done QD, but please don't come back trolling again now.

First time this has risen and risen in ages. Could be shorts have given up?

I dipped into Futr and that lost all the gains from the director buy the same day so bodes well here that this just keeps on climbing.

Going to be an awesome day, but annoys me they couldn't have done this on results and instead waited for it to tank another 30% whilst we all suffered

No takeover then, but that's good news still I think

You're not short here too are you Terry?

Thanks Terry, agreed this seems oversold considering the profitability here. Well done on your gains, have you considered a long position for the bounce?

Please take ahl with you Terry

Any chartists now where this lies on the oversold rating? Seems like this is going to bounce really hard after the speed of this drop

Incredible that this, as a highly profitable, cash generating company has dropped more since the trading update than ASOS has since they had an impromptu rights issue!

Once shorts get a hold they're hard to shake in this market

Could make sense David. The CEO clearly saw value at 890 here

Thank you. I feel really sorry for you here. Sounds like you've been in a while and this is being destroyed by shorts. It's crazy as the profitability is really impressive and this was touted as a potential takeover target not long ago.

Which site are you using to see such small shorts? Most only show over 0.5%