Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
In sum I hope we're looking at a violent tree shake which is working in the absence of news and volumes and general market distraction to fast rising indices; and in the context of the recent rapid rise.
Dunno guys Apart from the 21st, transactions per day are still pretty scant. But there still appears to be a 3k, 5k buyer... Dibs opined that we are heading for a placing so if he is right that might explain it somewhat. But a big drop nevertheless. Outsourcery was launched on Friday so it may be that they are absorbing cloud telecom interest at the moment. I suspect this take news to move it on. Lots of news about doing the right things but the market probably wants to see results. In the meantime the herd is off chasing major indices.
Any Chartists feel able to offer a view on OPAY? My reading of it is that the 20 day SMA is just about to cross the 40 and 80 and that it could be a buy signal. The recent dip has the appearance of a bear trap shaking out any bears and stop losses. The recent announcements and broker/ tipster support offer grounds for optimism going forward. Are we about to take off? I'm looking forward to seeing confirmation of the up trend.
http://www.4-traders.com/OPTIMAL-PAYMENTS-PLC-4004643/news/Optimal-Payments-Plc-Optimal-Payments-expands-European-operations-16904228/ "We are thrilled to be opening this new office in Sofia and welcome Iliyana to the Optimal Payments team" said Danny Chazonoff, Chief Operating Officer of Optimal Payments. He added "The continuing growth of our NETELLER Stored Value business supports our expansion and Sofia represents a high quality and cost effective location. We will continue to invest in delivering the best product and providing the highest levels of customer support and this expansion represents a key part in our strategy to achieve this."
In the lexicon of the City, "significantly exceed" is about as good as it gets, and the fact that Optimal Payments is able to make such a bold statement with two-thirds of the year still to go is more encouraging still. The share price is already 160% above my original 67p tip price and I have raised the limit several times since. Today I am raising it again to 200p and setting a new target price of 300p. BUY UP TO 200p
Good to know I've got company gonedown! :) RHPS put me onto this but need to watch their recommendations like a hawk eg NEW. But in general I wanted a growth investment in the e-commerce space and this seems to fit the bill. Some very heavyweight competitors but these guys have a great client list and I like the connections they have into US gambling. Cheers.
Is there anybody else out ther?. I'm looking like a right Billynomates!
http://www.cityam.com/article/optimal-payments-shares-rise-boom-internet-shopping Ivor Jones, an analyst at Numis who has a “buy” rating on the stock, said the performance was down to investing in infrastructure as well as a general rise in online spending, in particular gambling. Optimal Payments’ statement moved Jones to bring forward his projections by two years, and he now predicts a 26 per cent rise in revenues this year to $227m.
http://zolmax.com/optimal-payments-plc-receives-buy-rating-from-canaccord-genuity-opay/67325/
Wednesday 22 May 2013 - Optimal Payments Plc (LSE: OPAY) ("Optimal" or the "Company"), announces that all resolutions put to shareholders at the Company's AGM held earlier today were duly passed. As at 22 May 2013, the Company has 148,741,802 ordinary shares in issue with voting rights.
Wednesday 22 May 2013 – At the Annual General Meeting of Optimal Payments Plc (“Optimal Payments” or the “Group”, LSE: OPAY) being held later today in the Isle of Man, Chairman Dale Johnson will make the following statement: “I am pleased to report that 2012 was a year of many achievements for Optimal Payments with excellent top line performance and strong growth in profitability. Group revenues grew 40% to $179.1 million and EBITDA rose 58% to $27.6 million. “The strong start to the current financial year, which was first announced at the time of the Group’s 2012 annual results, has continued in the year to date with both divisions performing very well. Revenues for the full year to 31 December 2013 are now forecast to be ahead of expectations and, as a consequence of the operational gearing in the business, the Board believes that EBITDA for 2013 will now significantly exceed its original expectations.
http://www.stockmarketwire.com/article/4598774/Synety-partners-with-GoldMine-CRM.html
Interesting thought on placing. I wonder if the coming launch of Outsourcery might be another inasmuch as Mr Seemann was previously a top bod there? Something appears to have lubricated the trading anyway. Whatever though, there is still an appetite for the shares.
That 3,000 buyer pops up to mop up any liquidity that comes on the market.
I'm not sure the bid/ask or spread mean terribly much here. I think they just seem to move it up or down in the hope of finding some action. Volume and transaction sizes are almost negligible.
I wish I could give you an informed answer. I don't think there is enough information from what we've seen today to pronounce on where the firm is going- at least from the trading point of view. Shares in this company are being held extremely tightly- only 10% or so are held by PIs. Also the share price will ultimately be driven by results and there is little information on revenues to justify a price level. In other words I think we are few criteria short of an economist's perfect market for the purpose of perfect pricing eg + lots of willing buyers and sellers + good information. HOWEVER- what I do see over recent weeks is apparent steady buying in consistent but decreasing chunks- presumably as supply gets yet tighter. I am hopeful that this buying is coming from someone with an edge on the company eg, a supplier, a customer or just someone knowledgeable on the sector. So in sum- I see the price as being sustained in the region of 300 to 350 by buyers that are happy to pick up any supply that comes available. I think it will take deals and revenues to move it on and today's announcement on product development - on top of the multitude of other recent product development announcements is very encouraging. Would be interested in your views and any I sights you have.
Nice to see a couple of larger transactions today, including your own. Volume and deal sizes seems to be dribbling to a trickle probably due to shares being held tightly.
"CloudCall sync differs from Synety's other CloudCall products in that it organises call records from entire organisation rather that an individual user."
You are such a tease, Dibs.
Dibs, as far as I can see there's not a single trade since 11am and very few today at all. I think the supply in this has just dried up. Shares are being held tighter than a camel's proverbial in a sandstorm.