Member Info for MattTheBrave

They are good, but should the stock really be back at record highs give a quater where earnings halved, and uncertainty is still rife? I'm going to to take a few more profits here I think.

A profi is a profit, I understand, but in at 2.42, and out at 2.50. After stamp duty and brokers fees, doesn't seem like this will launch you into the Times 100 richest men GS.........? :-)

...upward momentum. The stock is still on 4x earnings with high levels of free cash flow, and recurring revenues. It gapped down from £8 to £4 - no reason it shouldn't gap back!

Boom shakalaka! :-)

I cannot fathom why the stock is now flat on those results (they were much better than was flagged back in April). A few short-termers getting out I guess. I would still be a strong buyer here.

Great RNS - not only is full year forecast 36% ahead of last year, but it's 14% ahead of 2018, the peak year. This year will get off to a great start as well. I fully expect to see an increase to the dividend here as well. I think this will now move up towards £10.

Indeed. My largest holding now having bought steadily below £2 since March. Lowest I got was £1.62! Thing is, it's still way too cheap. My other big position is now Microfocus which has almost been priced for bankruptcy, whilst the business is largely retainers on 40% ebitda margin and 100% cash conversion. Large amount of debt, but should be paid down steadily over next few years. (I think Lloyds too cheap as well BTW).

Er.....which one?

Mkt finally waking up to how cheap this stock is, particularly as covid will have only modest and temporary effect. My biggest holding after adding in March, April, and May, all below £2.

Noggers - sure, if you make 4%-5% every time. But the thing is, you won't - not unless you're the greatest trader in history (cause their certainly isn't anyone out there who has ever been able to do that). Bottom line - returns are uncertain , but costs are not. Trading is a negative sum game and you have to be genuinely skillful to make money longer term. Regarding economy, China is already back to normal. We could be there in 3 months. We'll see. Again, all IMO.

See what happened to De La Rue this week? This is what happens when a business with challenges is priced to go bust, and the market suddenly realises that it isn't, and in fact there's actually a sniff of good news (up nearly 300% this week). I think Capita is in a similar position here - one sniff of good news, and this thing will fly.

Noggers and HM. Stamp duty 0.5%, spread 0.25% plus commission, so round trip cost over 1%. recent market been a traders dream, but it won't continue forever, and constantly paying up for trading will blunt long term returns IMO.

Then you're a brokers dream mate!! Keep paying the spread and commisions - I'm here for LT growth and dividends (eventually!).

I added significantly below £20 (lowest acquiring price at £14. I think that's probably it for now - I'm going to cut my position back again. Domestic financials look ridiculously cheap, so I'm going to add to LGEN and LLOY. GLA

Next stop £8.....;-))

Not surprised you didn't get any at 228, consider the price was arond 440 all day!!! (typo?)

...up, up, and away! :-)

...makes no sense:
- Most of business on contractual retainers
- IT spend will hold up as its how many companies are still able to operate given the change to WFH
- divvy cut was precautionary, not enforced.
I think there's a huge bounce coming here whe the market realises the above.

New F1 game coming out next month. Given lockdown, plus huge F1 fanbase who have been devoid of action, i see the takeup (in the form of downloads) being very positive. Add to this a modest PE and cash on the balance sheet, and I think there's great upside here. This is now my biggest holding!

I'm sure there's a few of us here who have been waiting some time for IG to turn around and recover for the c£5 level last year. Clearly a shame that it took a worldwide catastrophe to finally bring this stock back toawrds fair value, but certainly nioce to have something that's actually gone up in 2020!