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Good progress, good results.
My quick calculation shows EPS 6.5p which would be excellent. I wonder what hedgies will do next. Need to wait a few days before celebrating.
Am I right? Revenue ~35mln with 40% margin gives circa 15mln profit before taxes and there are 36.5mln shares which means EPS 41 pence per share. Never mind, that's a very solid company. Will keep them very long, maybe forever.
...London's share of global daily forex turnover has rocketed to a record 43% - from 37% in 2016 - as it stole market share from New York and Asian hubs, according to a Bank of International Settlements survey last month.
London has long led in forex thanks to its convenient time zone and cutting-edge trading infrastructure.
But the news surprised many who had predicted Brexit would drive an exodus of banks and traders from London, or at least arrest its growth, while cities such as Hong Kong and Singapore were seen benefiting from a boom in local currency activity.
"London is hard to beat ... The depth and diversity of the skill pool here is unrivalled," Matthew Hodgson, the founder of Mosaic, one of a clutch of new fintech companies tapping into the forex industry.
It may stay at elevated level for quite long or even go higher still. Not many investors willing to sell. Future looks bright to me.
On 21 August Planet Zoo won ‘Best Simulation Game’ at the largest video-game trade show in Europe, Gamescom. Since opening for pre-orders, Planet Zoo has maintained its position in the top 10 selling games on Steam and is currently the top-selling simulation game on the platform. There's an article in shares magazine.
Topped up this morning a few more, couldn't resist.
I guess it's going to test 1000 in coming weeks. I still keep away from it and becoming increasingly convinced that decision to sell it some time ago was a good one. May also be wrong. GLA
Very positive numbers. Will see in the coming weeks what the others think about them.
Hello Dar- Yes, you're right. There's absolutely no connection between OTB and Thomas Cook. Just wanted to highlight the strength of online retailer vs traditional high street seller.
"Travel firm Thomas Cook has warned of "further headwinds" for the rest of the year after reporting a £1.5bn loss for the first half of the year." OTB keeps gaining the market share. Solid.
It's so quiet here, probably some were taken by surprise.
If that was issued in February after sales warning it would be more credible. DYOR, always.
Thomas Cook is closing 21 stores across the country and cutting more than 300 jobs.
Goldman Sachs started covering LTG today with BUY recommendation an price target of 113p.
There's only one explanation for the drop IMO, BREXIT. Should soon be fine.
Excellent set of results. Doesn't matter what the share price gonna be at the end of the week, month or year but I can see the strategy works and should make us richer.
It really doesn't matter why the price is so low atm. The market is not always right and in such times betting against it might bring above average returns.
Confidence on the stock market is growing IMO. Good to see other funds started to cover OTB with positive notes. GLA.
So the BoD delayed FY Results until 13 March, giving the dust time to settle.