Member Info for raxfactor

Got to see this as positive news, major new investor upping their position from 5% to 10%, reaffirms for any doubter's out there that FCRM is doing something right, its just a shame that the market at large hasn't latched on yet, perhaps when the results get released we will see some price action regarding the sp.
Surprised they have been able to get the extra 5% with no news of one of our ii selling, maybe that will be revealed in a day or two.

Interesting news today, I'd like to know Ory's next business, disappointed he has chosen to go now when XLM appear to be on the up, nobody gets it right all the time and he did put the business first, safe guarding cash which he could of blown on acquisitions after the raise a while back, integrated the businesses we bought that fitted and let go those that didn't live up to expectations.
When the sp started its decline, he didn't panic and held onto the money from the raise, maybe the market can't forgive him for talking about acquisitions then nothing as the business stalled. However the cash has been put to good use with the buyback and the downturn rectified by repositioning the business to higher margin areas, new markets and ditching the low margin stuff,
So looking forward all is good for our new CEO to move the company on to better times. Time will tell.

My only experience of a similar situation was with REC and my thought process was they must think this company is going places, but it didn't progress as they thought, the growth didn't materialise.
So you can never tell is my opinion, it comes back to the bottom line profits and growth if these don't occur then the sp will drop back.
Management is upbeat and we are in recovery mode, I have thought about taking profits and if it rises accept I buy back in at a higher price, if the price falls buy back in at a lower price that's the choice.
Its a trade in circumstances, interesting because we are at 80p to sell now, is this the glass ceiling or can it break through and if it does is the tender doomed to fail.
Still lots of time left to ponder before the deadline.

Hello Harry,
Nice post and agree with your logic, and for a change so does the market up 5%,
Have also seen that charging points are on the increase, but as you imply the country needs far more if range anxiety is going to be overcome and encourage more of us to embrace EV's.

As others have said, this could and should of been avoided, the company has known for some time what was required on the accounts, and has made a bit of a hash of it, and cost the CFO her job.
Reassurances again from the board that the business is good, I suppose it comes down to competence, and this fiasco over the accounts doesn't look good, so outsiders will most likely be giving FCRM a wide berth for now.

Happy with the boost to the sp and management's view of the companies worth and the knowledge that XLM is trading as expected, we just need to see these upbeat statements follow through to the results, then belief will return to the market which is at the moment sadly unconvinced.
What to do about the offer? I am not sure, it was a nice surprise and has caught me off guard, still its only 9.5% of our holdings.

Well that didn't take long, but can the sp keep going or slip back?
Good to see the launching of two new roulette titles details below,

ttps://www.igamingbusiness.com/news/playtech-expands-live-dealer-offering-triple-launch

So JPMorgan started coverage of PTEC and what were the wise words and wisdom that came from them.

Playtech is well placed to meet guidance for FY19, which we think will represent a trough in terms of organic growth, margin and cash flow,” they said in a note to clients.
"Beyond FY19, we expect broad-based growth across B2B and B2C."
JP Morgan Cazenove also believes Playtech is “less risky” than it was even a few months ago.
“Group revenues have been diversified by the acquisition of Snaitech, both by nature and geography, which dilutes the elevated risks associated with the B2B business.
“Several adverse regulatory changes have already occurred (UK, Italy) and Asian revenues have reduced to <10% of the group.”
Even if you took away all of the remaining Asian revenues, the analysts argue that would still imply a “reasonable valuation

So nothing lth didn't already know, or anybody who has even followed PTEC from a distance, basically confirms what we know PTEC is okay and geared for growth and the Asian part of the business is far more less important than it was.
On the executive front Susan Ball only joined the board in August of last year, but will depart Playtech at the end of the month in order to pursue new opportunities.
Still can't get past 450p and hold onto it, but we are getting closer and it it only looks like a matter of time now, due to the new broker boost.

I know little about Rhodium other than its rare and is at moment trading at all time highs, and that it is found in small quantities.
All in all looking very good for SLP and if they make their production figures even better.

Rhodium is a silver-white metallic element that is highly reflective and resistant to corrosion. It is considered the rarest and most valuable precious metal in the world — well above gold or silver. The name rhodium comes from the Greek word "rhodon," meaning rose, named for the rose-red color of its salts.

Jab1tt,
Thanks for your valued contribution, and in depth review, as for loss depends when and where you stake your claim, plenty on here took advantage of the drop at 20p ish, shares don't only move in one direction and you take the rough with the smooth, hope you don't suffer to much heart ache with your investments.

Down again 4% on pretty much equal volume of £20k ish, it should be noted that there is not a mass sell off ii, neither has there been bad news anywhere in the media, this is aim and unfortunately sometimes the sp moves in mysterious ways.
Bayford would not have invested significant funds had there been fundamental flaws in FCRM business plan and outlook.
Logically the further this falls the more of an opportunity it is, its all been said before but debt is minimal, perhaps its the sector in general is unpopular but this company has opportunities for growth on several fronts.
If I was seeing large volume sells I would be concerned but that's not happening.
At these levels somebody is going to do a an in depth small company review speak to management and get rated as a buy, just my opinion.

Postponed and cancelled orders are part of business life in this day and age and those are out of the control of management, what is under their control is a well run and diversifying business running at a profit, I can't see what's to turn round other than recognition of that, and market sentiment regarding the sp.

as I type this so hardly a massive sell off, in fact basically nothing has happened at all, and the market has marked us down 4.5%.
Unless some late sells appear later its much ado about nothing.

Deutsche Bank today initiates coverage of Playtech Ltd (LON:PTEC) with a hold investment rating and price target of 460p.
Is it any wonder why PTEC can't hold on to any gains when the broker releases a recommendation like this? sp doing very well heading towards 460 then nip the rise in the bud with a damp squib of a recommendation and watch as it falls back.
Brokers do they have any idea? especially Deutsche Bank, I thought they were on the brink of going bust, due to being run so well ..... or not.

Hello Gary,
I agree there is no comparison between COST and Carillon, we are not laden with mountains of debt, and as you state profitable.
Feel for investors in before the fall, the market reaction seems ridiculous when you consider the reason behind the profit warning, delayed and cancelled projects, that's part of business life and nothing to do with competence of the management of COST.
It would be logical to cut the divi, that seems good business sense, again feel for the lth, but for new investors this looks like a good opportunity especially if it falls further next week.
All indications to me are its well run diversified company, but sometimes things happen that are out of your control, this is one of those times.

Nice them dip into their pockets and see some buying by the directors, especially since the sp has been languishing around these levels for some time, no coincidence the sp got a small boost.
Some activity with GVC as well a bit of a love in, so shows a good relationship there which needs to develop further.

https://www.sharecast.com/news/dealings-round-up/director-dealings-two-playtech-directors-pick-up-shares-in-gaming-supplier--6774616.html

Yes I agree, so after further deliberation I have also taken the plunge

Hello Tav,
Suppose the H2 rail contract gets cancelled, will this hit COST hard? or can they cope, if so then this drop does seem overdone, £65m in the bank, and now with this update £30m penciled in for this years profit.
On the face of it looks a good entry.

Transfer of ownership progressing, with the acceptance of the new safety case the last hurdle and this is expected to happen in Q3.
Production continues as per plan, only downtime relates to the ongoing riserless light well intervention campaign, which is expected.
Stag is performing as it should, and in negotiations to develop Vietnam assets.
On the face of it the business is running smoothly with no imminent problems looming large, all good.

Afren drilled the cores and these are the evidence that oil exists at multiple levels down the depth of the drill, after Afren collapsed Oyster then take control of Afrens drill results and core samples, but it takes years to actually get them, they then send them for independent analysis, who again confirm oil, at various levels.
However, other than throw away statement's of millions of barrels of oil, I haven't heard of a competent person's report detailing the hydrocarbons initially in place or associated recoverable volumes expected from the fields.
So my reading of the situation is yes there is oil, but how much? how much is recoverable? and most importantly at what cost to recover the stuff.
Based on this discovery being at an early stage and all of the above if my reading of the situation is correct needs to be proved up, then that's the investment case.
If its proven that there is large volumes of oil easily recoverable then sp here will rocket, but there is also the issue of funding to prove up the assets, also Gun is the minor partner.
Gunsynd, Northbay Capital and Subco are currently in discussions with parties regarding both financing and management of Subco. It has also been agreed that Gunsynd is entitled to board representation on Subco. The Company would like to reiterate that we are a minority shareholder, we do not have control, we are not the operator nor are we in a position to determine the timing of any news releases."
So that's the investment case here, HH rates this oil discovery due backing this opportunity twice, once here with Gun and also with Polemos, as others have said you pays your money and take your choice.