Member Info for moorhey

Is this upward movement due to strength and confidence in the company, or (more like) due to the £ being at it's lowest value in over 30 years (which makes the FTSE akin to Lidl)?

Bought in Feb16 and, after today's poor report, I'm out.

I work in Bond Street opposite the FCCN store in Oxford Street. Traders here seem to be unable to cope with the demand. I've no idea what's happening outside London, but I've never seen such a glut of tourists as there have been since 23rd June.

Bought at 610 in Jan 2015, not sure whether to continue to hold or fold. Any suggestions?

With half-year figures looking better than expected, and 2nd-half likely to be improved, we should see another "Special Dividend" announcement in the 3rd-quarter report.

Since hitting a low of 32 on 7th July, the SP has done nothing but climb - hit a high of 46 today!

Spot on Twonko! Topping-up today.

Topped-up my holding at 364. Fingers crossed for next Wed's figures.

Significant negative movement today, with no apparent reason - Have Paysafe appointed john McDonnell as Chief Finance Officer?

Director Angelides has bought 100,000 shares this week, which must count for something. I've been in this company for some time now, and it is probably only the last of the hangover cloud from the FCUK marketing putting off a major re-rating. That's the way I see it anyhow - just gut feeling and personally liking the product.

I respect your right of opinion Floundered, even though I don't share it - but, as disgruntled Leave voters have already started shooting dead those who don't share their opinions, if we vote to leave then the UK could turn into a very nasty place, very quickly. Nobody wants to invest in an extremist state.

The effects of a vote for Brexit will be almost immediate, and detrimental to the economy, as the 1-million EU workers currently in the UK (mainly transient under-25's here for 3 - 6 months working in the service industry in the South East) will leave and not be able to be replaced. Are there a million UK citizens willing to take their place, living in the South East of England? Stricter border controls will come in almost overnight forcing employers to "justify" the need for an EU worker over a UK passport holder. I work in the construction industry and the effect of that piece of legislation will be near catastrophic. Construction will virtually grind to a halt, especially in London. And to what end will this be a "positive" to the UK when the shockwaves reverberate through the economy? How many small independent traders will go bust before Christmas? The long-term outlook for a Brexit decision will be extremely bad for areas like Cornwall and South Wales, where the economy relies heavily on EU grants and financial support. Does anyone really think that monies currently paid into the EU and then paid back (by the EU in the form of grants) into Cornwall and South Wales will (instead) be paid directly to those areas by a Conservative-led government? Or is the more likely outlook that this money will be "saved" as the UK Treasury strives to "balance the books". As for the City: what good can come of Brexit there? The UK currently obtains 30% of it's tax revenue from the City, and if that dropped by 20% (not unlikely, given worst-case scenarios suggesting a 50% drop in revenue if the City moves lock-stock & barrel to Frankfurt or Bonn) we would be £50 billion a year worse-off. We'd need to sell a lot of knickers to tourists in M&S to cover that deficit.

I hope so Frisby, but there are too many people who do not understand the consequences of voting to leave because they've been hoodwinked into thinking it is only about immigration.

Hi JP: I'm in FCCN and have been since early Feb16 - which (in hindsight) was entirely the wrong time to buy, but the figures looked good at the time. The thing about clothing is men don't shop, whereas women do. It may be a generalist statement, but it's true. And last night (Wed 5:50pm) the women's section was very busy, yet I was the only man shopping in the men's section - and I'm 56yo. What is interesting is the move into furniture with the "home" section. Since Habitat went into administration in 2011 (and bought by Home Retail Group), there has been a gap in the home furnishings market for a "design-led premium brand". There is a lot of focus on Sainsbury buying the Home Retail Group for the Argos brand, but I think they are really after the Habitat brand. If FCCN can make progress in home furnishings, they could be the next NEXT.

Hi JPTRADER - I'm a long-term customer of FCUK and I visit the Oxford Street store often (my current office is above Bond Street tube), and their current merchandise is right on trend and extremely competitively priced (when compared to Ted Baker, Reiss, All Saints etc). Personally, I'm not bothered about the lack of customers in the Oxford Street store. Was in the store this lunchtime (Friday) and plenty of staff were there, and customers buying. The reason the high-street is a bloodbath is due to internet shopping, and FCUK do well online and have a strong website and brand online. The only "fashion" stores that seem to do well on Oxford Street are Uniqlo (possibly as it is a Japanese brand) and Top-Shop. All the others are just "flagships".

Interestingly, phoenixchi, I came across a recent article (research paper) that suggested that as we get older although we get wiser, we also make poorer investment decisions (not individually, but as a group - there are always exceptions that "prove" the rule - as I'm sure plenty on here will be happy to point out). The summation was that as we age beyond 50yo we become progressively more risk averse, whereas the way to find value in the market is to be more amenable towards risk. I would like to post a link to the article but, as it is when browsing the internet, I can't remember where I found it (another benefit of being over 50). I think it was attached to an article in a recent Investors Chronicle.

Now is the time to play the markets the Warren Buffett way - sit tight and hold on, in the meantime switch off the share ticker and go away from the screen for a week (or three).

I understand your point CBINV, but there is a relevance to my observation and that is that people of my generation (50+ and I am 56yo) even if they are as computer savvy as me, may not be aware of the potential of a product like Skrill (or Paysafe). As the 50+ age group hold the majority of funds available for investment (with the under 35's not even able to save for the deposit on a house) in Pensions etc, it makes sense (to me) that the spur to drive the SP up is not just potential future earnings, but awareness and acceptance of the product by those who have to attributes with which to trade in the shares. A stock needs more buyers than sellers to go up in price, no matter how good or how much potential it has on paper. If nothing else, my observation has indicated the enormous potential growth there is as the under-30 age-group get older, and richer, and more reliant on cashless money transfer/purchase systems like Skrill. Where I struggle is that my horseracing blog "sells" betting advice, and Skrill says they will not accept "donations" (ie payments) to my account when I'm not selling an actual physical product, unless I am a registered charity. I do not have this problem with the other payment medium.

Maybe it is just me; but I already have 3 debit cards and 3 credit cards in my wallet, plus a store card. I do not particularly want another cashcard that I pay to pay 10-Euros a year for having, and one that I can only use with businesses that also have a skrill account - something not everyone has. It may just be my own problem as I write a horseracing blog and those on my email list make "donations" for the advice I give them, via the blog. Paypal is fine - yes I have to pay a commission on the transaction but the money can be transferred into my bank were I can manage it. This isn't a "interest" issue (as has been suggested by CBINV) but an "access" issue. Maybe it is me, and I haven't adjusted to the possibility of a cashless society yet, even tho' I know that it is coming.

As a new Skrill account holder, the main issue with Skrill is being able to spend the money deposited with them. You can only do that (it seems) using a Skrill mastercard. Why does it matter? Well, if I've just won £200 on a wager with a bookie account linked to Skrill, I may want to use it for something else (like saving for a rainy day) and not spend it, or just plough it back into the bookies sticky mitts. Just sayin'.