The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Exactly my feelings as well. Will just have to wait and see what happens next as the market is so volatile. As regard shorting no individual investor will be able to borrow shares from an institution, however it may be possible to buy a CFD from say IG or similar. That of course depends on whether any dealer is offering such an opportunity. I have my doubts.
I wonder if the company will make a statement regarding this sp fall. It smells of a TW rumour in which case trak need to refute it. Any thoughts....??
What is Tw saying is wrong here?
Do you think this fall is anything to do with Tom winnifrith bearcast. If so what is he accusing Trak of ding. Unable access his bearcast.
That's it exactly. sentiment and nothing factual.
I turn on the pc again and see we've taken a healthy knock here. I had sold and bought back 4000 shares at 306p. Not a bright move but that was because the sp had recovered from a drop to 280p and maybe Simon Thompson's target of 400p had some logic. I always believed this stock was running too high a p/e, nevertheless so was ASC right through 2008 into 2009. However this stock has been volatile for quite a while with wild swings. Yet it is actually making growing profits and generating cash so it is safe so to speak. So few companies on aim make any profits just live off dilution and promise jam tomorrow but no jam today. Trak's financial figures look promising so things from that angle look good. Its just a question of valuation the market is prepared to put on this stock. My initial profit from buying in at 260p has been eaten up but the loss is not too big. I don't want to sell yet but its a fact that the market downturn is far from finished even if we get a bounce tomorrow.
Agreed. Unfortunately as you have previously pointed out, the volatility here is caused by only a small percentage of shares in free float. I can't see why investors should be so easily spooked into selling when a number of analysts have pointed out how well the company is doing. Having read simon thompson's article in the Investors Chronicle (last fridays printed edition) he is pointing to a target share price of 4p for example. investors seem content to ignore such analysis and head for the hills at the slightest sign of trouble in the wider market. With oil likely to dip to $20/brl or less the market looks set to fall further. How far or if at all Trak follows this trend is anyone's guess. It's not just the falling oil price that's spooking the market. Apparently banks in europe have more than one trillion dollars in non recoverable debt lent to countries etc and its how politicians, central banks and the IMF are going to deal with this without a repeat of 2008. Debts have ballooned higher than eight years ago and interest rates are rock bottom. QE kicked the problem down the road but now its coming back to haunt the world's richest economies. Then there's the matter of emerging markets................... It's going to take careful management to steer us out of this one and create some certainty that stock markets will like.
Agreed but a disappointing drop. Oil price looks set to drop further so market outlook generally not looking good at the moment.
Latest bid price over 5.2p. Interest here still quite strong despite lower oil price depressing the market.
A bit of action today. 5p on the bid and only 1.50p back to breakeven for me. I wonder what caused this to spark back into life. Will this continue tomorrow...??
Thanks for the link. Very positive statement by exec. director and good to see Trak nominated. Otherwise not a good day here unfortunately. With the oil price likely to fall even lower now that Iran is about to enter world markets, we can look forward to more volatility here. It seems that the market is ignoring the fundementals and following the bears out of the market. A good opportunity to add imo if this continues. Its just the herd mentality at work. In the meantime I hope we get an update soon.
Nice to see the sp creeping up. Judging by the IC web article I agree with Simon Thompson that the growth path continues to look good for the company. Should be something in the printed edition tomorrow as well.
I've just noticed the huge sale. I wonder whose that was but nevertheless a tiny percentage of shares in issue so no holdings Rns. Maybe there will be a bit of a bounce in the days ahead.
This share has not proved one of my best ideas. Got caught up in the ibuprufen story. Did'nt put in a fortune at 6.50p but down roughly 1.8k. Looks like nobody really believes in it and ignoring the other developments oxp is involved in. Wondering whether to call it a day. Oxb is doing better for me
I take your point but no company likes poor reviews. I buy articles on ebay and often companies request you phone them up with any problems you may have rather than leave negative feedback on the website. In one case an article was never sent and upon phoning the company I was promised the moon and sixpence as long as I did'nt leave a negative comment. It does reputational damage and hence the lawyers going after those leaving bad comments about Yodel on twitter. The problem is such stuff sits on the computer for the entire world to see, where in the past a few errors could slip by unnoticed by the public unless someone contacted the media. I agree its got nothing to do with RM directly but it would help Yodel to grow if it improved its reputation for indifferent service. Such growth should benefit Rm and Trak in the long term. Anyway I'm more concerned about today's statement by RBS that everyone should get out of stockmarkets. Reminds me of the same warning given by Morgan Stanley in march 2007. It took 18 months for that prediction to come true. I sat largely on the sidelines until february 2009 before going back in. Should I do the same...?? It does'nt look all that great out there.
Hope we won't go lower in the short term. Sellers still about unfortunately but all we can do is wait for news re developments.
Well according to the twitter complaints they're delivering small parcels as well. Its what happens to those parcels when the customers are out and have left no instructions where to put them in that event. Without a customer's signature its difficult to prove that parcels have been delivered anyway. I hope Yodel sort it out and keep growing. In the meantime I see the stock market being buffeted around by events in China for a while, so until we get further good news the sp looks to be rangebound. There are a lot of problems out there in the world.
Just re-read Rns on acquisition of Route Monkey. RM claims it has Yodel a major parcel delivery service as one of its clients. Never heard of them or seen their vans anywhere around where I live in Bucks (probably operate up north), nevertheless upon googling the company Yodel has poor reviews which is a pity and seems to like employing lawyers to crush poor reviews on twitter rather than improve service.
I am also with HSBC as a bank and use HSBC direct plus to trade shares. From phoning them today I gather the charge is going to be £10.50 a quarter from the end of march 2016 ie £42 per annum. I've had nothing in writing as far as I am aware but HSBC argue that this was advised last november. The amount charged is a fixed fee and does not depend on how much you have invested in shares. Considering Brewin Dolphin the stockbrokers charge £2000pa if you want their advice as well and Stocktrade their execution only arm charges £16 per month, the HSBC deal is pretty cheap. With your holding here its neither here nor there is it..?? I'm not leaving HSBC though I'm irritated with banks trying to nail you at every turn whilst paying you no interest. 17%pa for an overdraught when the bank rate is 0.50% tells you that either they're greedy or wrecked their own finances. Unfortunately banks are organisations that will lend you an umbrella when its sunny and want it back when its raining. We have to pay for their past incompetence be it PPI scams or whatever wheeze to make easy money they managed to dream up.
Sp beginning to slide as I suspected it might. It will of course bounce back.