Member Info for PI_Winner

Big trade Friday.....

Looking forward to results next week. Raspberry PI is in the right market at the right time. I see this company and SP as a bit of a unicorn.....can see the SP soaring in due course. GLA

Re the repurchase RNS so circa 100 trading days until end of Jan 25. Meaning continuous daily buying pressure of circa £500k per day. Have experience with Darktrace a couple of years ago doing the same thing and it is a big positive. Super confident that the OSB SP will be £5+ in the coming months on this strategy alone. GLA.

Much better trading action today, better buying momentum......previous days it has been circa £3M per day. For every buy there is a sell and vice versa. Looking good given the buyback and % of shares no longer in circulation, could be the base now to commence a re-rate, MCAP far too low given fundamentals. GLA

GLG Partners now hold a combined total of 5.135744% in voting rights. This includes both direct ownership of OSB shares and financial instruments as per RNS.

Man GLG (who owns GLG partners) is a long-only fund that invests in Europe's strongest companies through a focussed, bottom-up research approach.

As of 2022, Man GLG had $35.4 billion assets under management.

From the Guardian......Annual UK house price growth at 20-month high.

UK house prices rose at the fastest annual rate in 20 months in August – although they remain short of the record highs hit in the summer of 2022, according to the latest figures from Nationwide.

Annual growth rate picked up to 2.4%, from 2.1% in July, the UK’s largest building society said. However, on a monthly basis its figures showed a 0.2% dip in prices, which it said was a result of “seasonal factors”.

That meant the average price of a UK home was £265,375.

Robert Gardner, Nationwide’s chief economist, said that lower interest rates to come from the Bank of England would likely push house prices higher. He said:

While house price growth and activity remain subdued by historic standards, they nevertheless present a picture of resilience in the context of the higher interest rate environment and where house prices remain high relative to average earnings (which makes raising a deposit more challenging).

Providing the economy continues to recover steadily, as we expect, housing market activity is likely to strengthen gradually as affordability constraints ease through a combination of modestly lower interest rates and earnings outpacing house price growth.

For me you should never waiver from the facts and fundamentals and for me the results were strong as per below with a backdrop of ceiling interest rates for the past couple of years. Over the coming year interest rates will fall which can only be a catalyst for improved BTL and strong house price rises over the coming cycle as the economy outlook improves. The previous cycle has been a lot worse for the BTL market given high ceiling interest rates and house prices remaining largely stagnant.

For years now the BTL market conditions have not been as favourable for landlords including additional stamp duty, less favourable rates than home owners etc, ultimately it does not materially impact the BTL market in a negative fashion.

Speculation around CGT is merely rumours at the moment and ultimately it would still need to pass through lots of hoops and votes etc. But regardless it will not materially impact BTL......why because economics drives any market and the rental market demand is HUGE and unprecedented. It is the reason why Lloyds Banking group have recently entered the market.

Underlying profit before tax increased to £249.9m (H1 2023: £116.6m) and statutory profit before tax was £241.3m (H1 2023: £76.7m) primarily due to non-recurrence of the H1 2023 adverse EIR adjustment partially offset by lower prevailing spreads from mortgages and deposits and an impairment credit compared to a loss in the prior periodUnderlying return on equity2 increased to 18% (H1 2023: 8%) and statutory return on equity was 17% (H1 2023: 5%)Underlying and statutory net loan book grew by 1.5% and 1.4% to £26.1bn in the period (FY 2023: £25.7bn and £25.8bn, respectively) and originations were £1.9bn (H1 2023: £2.3bn) as the Group maintained pricing discipline and a focus on returnsUnderlying and statutory net interest margin (NIM)3 increased to 243bps and 237bps (H1 2023: 203bps and 171bps, respectively)

For me the MCAP is far too low given the financials and fundamentals and the SP should rebound very soon. GLA.

I have sold about £260k in the last 30minish as was sitting on 40% profit and need for another share I am heavily invested in. To confirm no insider trading and still hold a stake, just needed asap for another trade. GLA.

In advance of the results on the 4th September the SP is trending as anticipated. 200p+ in the coming period, GLA.

Expecting positive results on the 4th Sept, key highlights expected.

Record H2 forecasted

Client on-boarding in the EU market is moving apace

Final stage of US licence approval

Strategy on diversification away from African currencies

MCAP far too low based on zero debt, revenue/profits previously reported and tailwinds from expansion. The SP must be 200p+ in the coming months. GLA.

Yep fully expect a re-rate in advance of the 4th September and then post the 4th Sept. CABP is all about volumes not a 0.25% rate cut by the Fed in a market that they are currently not operating in! The EU and US markets are the 'holy grail' in tapping into significant increase in volumes. A combination of zero debt, big revenues and HUGE growth potential in new markets is hard to come by on the FTSE. CABP is a sleeping giant and PI's will be rewarded significantly in due course. I have 100% confidence in a HUGE re-rate in due course. GLA.

Expect positive results on the 4th September inc positive progress on EU client on-boarding as well as material progress on the US licence and forecasting significant uplift in revenue in H2. The new CEO will want to ensure PI's welcome the strategy around diversification away from Africa. CABP is significantly undervalued. GLA.

For PI's focus on the fundamentals and the facts.

The focus for CABP is the EU and US long term. Huge markets in comparison to the Naira.....the Naira is not the long term goal!

200P+ by the end of the year. This is a 'no brainer'!. GLA

The SP should trend to 550p+ in the near term in alignment with a couple of months ago given it has smashed the analyst consensus view on profits.

O'Leary should be called out by the EZJ CEO today for providing a false narrative (lies) to the market related to EZJ performance.

Great Results......

easyJet delivers a 16% YoY profit improvement as we progress towards our medium term targets

Q3 headline profit before tax £236 million, +£33 million YoY

Passenger growth +8% YoY

easyJet holidays delivers £73 million PBT (Q3'23 £49 million)

Well done to those who bought yesterday. This is a trading share at the moment due to the fragility of the SP....ultimately PI's are wary. This should have been 450p today without the Bernstein shenanigans yesterday and it looks like there is still an overhang today. GLA.

I reduced my holding by half on friday and then sold the rest on the bell this morning.....happy with the profit margin. This is unfortunately a trading share only at the moment....will review whether I jump back in post RNS tomorrow. GLA.

Each to their own boyo.....if you make money tracking daily charts then crack on, from my own experiences it is incredibly unreliable.

I prefer to track:-

RNS's

News related to the specific industry

Economic news in the UK and US re inflation/GDP etc

Trading reports vs MCAP etc identify undervalued SP's

Trading Guidance

Future growth prospects, nature of services i.e if leading edge and AI/robotic related etc etc

The sooner you realise Boyo tracking daily charts and candles is nonsense.....the better for your own sake. When you understand that SP outlooks is on based Facts, fundamentals and sentiment you will be rewarded :)

If they are static or little movement it means they are buying......as per 'hedging' they work on margins and the algorithms will dictate the percentages they need to buy at different price points to remain above breakeven.

Top tip for PI's......if you review a company that has had to disclose form 8.3's as a result of a takeover you will see it is common for a hedge fund to have a short of i.e 1.5% and a long position of 1.4%, 1.5% or 1.6% as an example....hedge funds always 'hedge' and it is margin calls. GLA.