Member Info for nr98

Was Hopkinson really part of the tunaround for Metro? All I see is him joining, then leaving at receivership. Apparently, the CEO of MTR was willing to pony up big bucks into recapitalizing MTR but Hopkinson wasn't.

Volumes still rising for DMs but EMs defo have some issues... staffing overheads, well as mentioned, core biz is slighly underwater. I dont think the biz requires a huge headcount anyway and many of the beloved tech co's for e.g. reduced headcount before inflecting in their sh price. AI is questionable i agree, sounds like some buzz word to catch attention... unfortunately, nobody turned their heads :(((. But mangrove partners just took a posn, let's see what theyre up to here, if at all

Could sort of guesstimate from 1H24. You are right core biz is facing issues, but again, think we are at the trough here. In 1H24, transactional income and other banking svcs was modestly profitable ~1.9m net of OPEX with the rest of $ coming from net interest income. Hence mgmt is cutting a lot of fat out of the biz here. Think the main thing is to look out into the coming years - 14p to 21p of EPS potentially. Also just the value of the banking r/s developed over the years, don't think 160m is a fair IV for the entire firm.

was at work so couldn't reply on this thread when stock was down but tbh, didnt think this was a bad report at all. they're reaffirming 30m of ebitda against a net cash 160m mkt cap... and dms volumes are growing >10%. ems just been havin it rough. bank network increased and visa partnership rolling through. whoever panic dumped at 61p is nuts. don't forget mgmt rsus tied to 14p to 21p of eps in 2026.

and us license delays... this **** happens. i was long some us stonks that were waiting for a doe loan and it's not always so predictable, we kinda hope for the earliest but life happens. business goes through up and downs and cabp seems to be trudging along fine.

not saying im defo right but the r/r is apparent here.

us license would defo be a big catalyst for this stock but at current pxes i dont even think that's what's needed to make money here. big picture, this is trading at 8-9x trough p/e. all other currencies ex big 3 are growing ~10%. i just think this is asymmetric to the upside, noise aside. ofc, we could still lose more money if **** gets worst i.e. idos sending in lesser money blablabla. we'll see.

My thoughts as follows - this is net cash, trading at HSD multiples on trough earnings w non affected corridors growing 8-10%. Secular tailwinds for industry - specialist players take share from tradfi banks etc. Imptly, whilst the LTIP grants p disgusting - signals where mgmt thinks earnings will be in the out years - 3x P/E here on max vesting. Insider buying +ve as well.

Also, tinfoil hat - stonex just cant come to agreement w insiders selling px - 145p is pathetic, relative to 52w high and relative to IPO px...and not in a down year when key corridors suffered.

Patience shd make good money here.

Ok pardon my message below. So the narrative is, we are seeing industry wide consol and even Vertu is lining up deals in the pipeline. Tony sold 20% stake to Constellation early this year; why has it taken so long for them to acquire this whole thing and sale leaseback land etc? Or were they waiting for a lower base price after the rumors die out and swoop in soon.

Shareholder register is different from Pendragon; Bramall is pivotal.

Puking of stock seems very risk-off and understandably so. Market was positive re earnings result before puking non stop... unless i missed smt on the fundamental side of things. But populist macro policies aint bolstering the case.

Would really lik to be greedy with this but risk management...

Insiders having been purchasing a lot lately.
Strong balance sheet provides some amount of staying power.

I just don't see how this doesn't work out at some point. Fingers crossed.

Struggles are well known.. valuation is still very low and profit forecast still intact with dividend to be reinstated. Moreover as the previous comment said, online revenues is only a fraction of total sales. Don't understand why Carolyn bought stock when she did though.... or did she not think the market will react this way.

I would think that has been factored in the sp since the start of the year. And moreover, weird sentiment shift over the last week and today - without any commensurate meaningful change to the inflationary narrative.

Why are shares tanking? Is the new CEO not good - read his Wiki page - p good with a track record of value creation. Or is this because of the $WMT apparel print

Carolyn notices. Fraser Group reports great earnings. 1x EBITDA here.

Financial buyers are not as incentivized to think LT. Why buy when u can just walk and figure stuff out later? But business is very cheap now based on guidance and the blockers of aris bid still own stock at much higher prices.

Don't see this addressed ever but how do people reconcile the accounting - Tortilla debiting COGS twice, once at the gross profit level and a second time at the OPEX level. Have a look at the filings notes and youll see it

https://www.baltictimes.com/estonia_s_online_gambling_success_story___the_history_of_playtech/

Not related but fascinating read

https://www.investegate.co.uk/article.aspx?id=20220511152200Z6301

about 1m shares at 494p

Seems like Marathon has taken a 1+% stake in PTEC....

Not that it means anything but value signalling!

This has been one of the most outstanding companies over the last decade and at the forefront of the athleisure trend...
Most fawn over JD.com in China but JD sports has had the better TSR..

Nike has ceased their severance of partnerships with wholesale distributors...

JD now trades at a single digit EBITDA...