Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Hi Rivaldo, the original source for that article is The Motley Fool so I personally wouldn't put much faith in it. Some others do though, so it may have a mild effect on the SP by bringing it to people's attention!
... and the price continues lower again today, still no director purchases and nobody seems interested in this unloved share. I feel I am either missing something that everyone else knows about or I am a genius and this will come good later in the year. I just wish the SP would wake up a bit!
It's been an encouraging run, particularly when the market overall is down around 2% today. Let's hope this company has popped onto people's radar and they have seen it is undervalued!
@MichaelGoodwill - You have pointed out the "big division" in this current crisis... Those people who have retained their job and are still earning against those who have suffered a hit to their income. Like your friend, the former will have healthier bank accounts than ever; unable to spend money in the pub, go to restaurants, take holidays or weekend breaks, drive for work/recreation. Given the employment to unemployment ratio, this should be a good thing as once lockdown eases there will be a pent up demand. Unfortunately, the modern economy is not particularly resilient with most businesses working on a knife edge of just in time delivery, thin margins, low cash balances and reliance on continual growth just to survive and service their debts. It's a really tough call right now, but getting that macro picture right will enhance or destroy your investments more than anything else.
I like the thinking behind this. Without checking the various numbers you give, the story makes sense in the current context. I have spent quite a lot of time of late assessing what many businesses actually do (not always as obvious as you might think) and how that fits into a post COVID world (or a continuing COVID world). Running through a story like this raises ideas and questions that help build an investment case. One further thought, is it possible that car ownership overall will drop? If people are driving less miles, there comes a point where a car share service begins to become viable and car ownership (with all it's associated costs) ceases to make sense. This would affect a number of different business types and insurance would be one. I think this is a little way off, but as people get to the point they would traditionally replace their car they will have a decision to make - possibly amplified by the fact that Petrol/Diesel cars are on the way out (by government decree), and that electric car technology is just not quite up to scratch yet.
I agree with your sentiment. I bought in 2018 at 245p and it has been a steady decline since. I added this as one of my "bedrock" shares... solid, reliable, unexciting even but with some interesting exposure to overseas and developing markets. I should have sold and invested in something else, but now I've been holding so long I'm just trying to forget about it and wake up to a pleasant surprise one day!
Random question... When a broker gives a price target (such as today Barclays saying "Overweight, target price 347p), does that imply a particular time frame? Do all broker price targets have an implied "within 3 months" or "within 12 months) tagged on the end? I'm sure that DLG will reach 347p at some point! But if that is in 5 years that doesn't necessarily help me right now! Thanks in advance.
Sorry, posted URL with an extraneous full stop... this is correct https://www.ft.com/content/40fc8904-febf-4a66-8d1c-ea3e48bbc034
Hmmm, I think the number of "excess deaths" is starting to appear pretty dramatic, eccles04. The numbers in this article should be revealing to you https://www.ft.com/content/40fc8904-febf-4a66-8d1c-ea3e48bbc034.
I'm surprised not to see any director buys at these levels. If I were in their position and really believed in the business strategy and outlook, I would be adding to holdings. Makes me nervous about what they know. Their website seems to suggest the business is still busy even under lockdown but I'm anxious to see a trading update with some hard numbers in it!
Lol, yes YOYO would be appropriate. It strikes me that this amount of price swing in such short periods suggests that "the market" (i.e. all the individuals and corporate investors) have no idea how to value this company in this climate. Old adages such as "the value of all future earnings over time" just don't work when nobody has any idea whether the bank will even exist let alone what the future earnings of the business in a pretty much zero interest rate world could be. Interesting times... Probably better to trade these swings rather than think of this as an "investment" at the moment!
Branson only owns a tiny amount of this after the takeover... https://www.bankrate.com/uk/current-accounts/virgin-money-replaces-clydesdale-and-yorkshire-banks/
Hmmm... I still think they should have had the courage of their convictions and marked it down as a sell. Still, along with most other stuff in the market right now, CRST is a bargain once more! I'm looking forward to that juicy dividend in the coming weeks.
Hmmm, that is disappointing to hear averageMan. I have a small holding in SMDS, but do not like a management team that doesn't bring it's employees along for the journey. Everyone should benefit from profits... shareholders, employees and management but it sounds like the latter may be getting the best slice of this pie. I shall investigate further and may get rid of the shares if I don't like what I find. There are plenty of well run businesses out there that deserve support!
It's a mystery to me afrc... Haven't been able to find any news, director deals, broker recommendations or anything else to make the share move so much relative to the market. I guess that one of the downsides of a small niche share like RCDO is that it often slips under the radar as not many journalists follow it; which is also one of its great attractions. Hopefully all is well within the business and at this stage, who cares what the market thinks! A promising announcement or a decent set of results should make people sit up and take notice ( at least for a little while).
Thanks Boomer for that unemotional response! I understand the point you make about a closed customs union, but the balance seems to be between the price of goods and reliable quality. Remove the overhead of regulation and prices should fall, but there is a danger that quality also falls (and counterfeiting increases). I'm not aware of any other significant force in this equation that will reduce prices. Indeed, the absence of passporting on services will have an opposite effect to any reduction in price of goods. As I did clearly state, I'm not advocating for either side of the political debate and I'm merely interested in the economic consequences. If anyone has any useful ideas on where these changes will feed through to the markets I'd be interested to discuss!
Oh Alan, it looks like you have made the mistake of falling for the "dream of Brexit", travelling to the sunlit uplands where Britain will regain it's place as a global power and people will be queuing up to trade with us. Just before everyone starts ranting, I am neither a remainer nor a leaver - preferring instead to watch from the sides to see where I can safeguard and increase my investment wealth. But, the reality is that any serious analysis (of all biases) shows that Brexit will almost certainly not be good for the UK economy, at least in the short and medium term. So, if I cannot rely on general growth in the UK to propel my investments upwards, I have to come up with different strategies to counter, circumvent or take advantage of the new situation that presents itself. Now the threat of a Labour government is off the table, we can at least be sure investors funds will not be raided by our government in the hope of resurrecting some Marxist dream. Returning to Barclays, it really depends how they can ameliorate the downsides of Brexit and realign themselves with a new post-austerity world but one where capitalism needs to be less selfishly corrupt to work its magic. I await their strategic plans with interest.