Member Info for Velo

Hope you're right about 30p by end of April onwards. Held this share for what feels like only 10 minutes and was 40 odd % up the other day. After retracing now currently over 30-odd% up. Bought at the bottom with no particular insight to Craw. Just an opportunistic contrarian buy :)

For over a year and a quarter the SP has been on a relentless jiggly downward spiral. (Long term holders don't need to be reminded of that - they know). But is it now at yet another decisive crossroads once again? It either turns soon from here and continues its downward longer term trajectory or as the price action indicates it appears to be on the cusp of breaking out from that long bear grip. Roughly, by eye alone, I can make out resistance levels at surprisingly convenient levels: - 700-705-710-715-720-725 It closed at just over 700 at 701p Good, it's broken 700p (just like many times before but to no avail) that could mean it's ready to tackle the next resistance level - 705p) Intrestingly during Friday's Intraday price action, it spiked up to 705p-ish but no further. If it steadily can take out one resistance level after another it could be a portentous indication that it's intent on breaking out. But on every other occasion over the the past full year and a bit, it's been hauled back by the bears. If it can continue steady progress at this juncture it could be that long awaited breakout. If it falls back in the coming days then it's just a continuation of the longer term bear descent until the true floor is found. But right now no one can accuse you of undue optimism if you think it's breaking out of that long decline because at the moment it is on the cusp of breaking that channel - right on the edge of it, it is. Which is it to be ???

Yes, caught me off guard the lower final dividend. The extra shares soon become the new normal don't they? So, this 23.9p is for the 2nd final divi to complete the full year ended 2016. End of. Now a new year, new page. So forget 23.9p For 2017 hey're forecasting 25.1p for the interim divi for later in this current trading year. As the past 5 years have shown both annual divis were both identical payments per year (albeit with one year that wasn't, about 3 years back) it more or less has become traditional for PHNX to offer 2 identical divis per year. So on that basis I'd expect the final divi for 2017 to be another 25.1p thus making 50.2p for this current year. And that's assuming they've finished with the fancy ameliorating and averaging but they could yet produce an update that boasts of "x" percentage increase with the 2nd final divi coming out higher than 25.1p - because it's not contractual that the 2 dividends per year should be equal in amount, is it? In other words I'm expecting 50.1p as the lowest payment for this current 2017 year with a faint chance it could be slightly higher yet, if they decide on an increase with the final divi, due to this fancy averaging "increases business".

Then that's the same as no update at all, as the annual financial year end is April 30th.

Starting to feel uncomfortable with the longest delay in 5 years in releasing an RNS informing of the usual update at this time. 2016 and 2015 were released on 26/7th February 2014 on March 6th and 2013 on March 8th. March 17th tomorrow and still no sign of it. That worries me. Good news can't wait and leaks out. The SP has been uninspiring. Lucklustre even since the media scare awhile back and no urgency to release the usual trading update at this time of the year. If it comes out by Friday, fine. If still no sign going into the last week of March I will start to become highly suspicious.

Despite it being early in the day it's most pleasing to see it bounce convincingly up and off those two support levels from yesterday's retrace close of 716p.

I'm AMFW so reluctantly having to track WG. now as was too slow-witted to sell out first thing yesterday morning. After such a large one day fall today, it's interesting to note that it closed coincidentally on both a support level and a Fibonacci retracement support level. But such was the hefty retrace today it's hard to find a reason to think the support will hold tomorrow. If it doesn't then there's nothing to prevent it sinking below 700p and if momentum is with it, possibly to 670p-ish area. First thoughts are to see if this 716p support is the floor or just a stop over on it's journey to sub 700p land.

+1 Rivaldo. Highly envious of your firm decisiveness getting out at 295p today. Now that's how it should be done! I could have too, but I dillied and I dallied - and I dallied and I dillied. . . . Then I decided to wait some more again to see 'what was what' until my sluggish brain sent a signal to concentrate thoughts on the 'red flag' CFO quitting so suddenly without months of advance notice and reasonable explanations for a more timely exit. So decided that during the flat-lining portion of the retrace to sell up at the 251p area. V annoyed i didn't act sooner in the day. Made a small profit but just selling hours earlier could have got out with tons more. Dropped even deeper than my too late in the day sell. So belatedly right decision - for me. Now watching to see if further developments leave the core business intact or not. But I agree it's a red flag.day writ in capital letters. Fully expecting continued, but lesser intensity, retrace tomorrow before maybe a dead cat bounce in coming days. Just couldn't gamble on the dead cat bounce to pull back from the depths. So, I'm out. But watching.

Be careful what you wish for Clamp. There are numerous unfilled gaps all the way back down to last summer and the 400p area. Want those filling too? Not a £1 gap though is it? More like 23p odd. As I am just as much a victim of selective price anchoring as the next person I hope that gap does get filled. But bear in mind gaps on the way down change polarity on tge way back up and the whole void area acts as a resistance ceiling to overcome.

It's not £29k he has left - but 29k of shares he has left. - Not up to speed with his tax position but it's flagged up on my broker's page as the sale being for tax reasons.

Take no notice of them Tally. Over the years I've never, ever, heard anyone say they had a limit order/or stop loss triggered by one of these extreme candlestick shadows that NEVER register as one of the intraday's low or high. Just ignore them if they don't register in either of those categories. I'm convinced they're some sort of off-grid thing that doesn't affect shareholders in the slightest. If it doesn't register in the intradday's high/lows it doesn't exist. Chill :)

Bad yes, but bear in mind it still leaves him holding approx £3m in shares. He needs watching though in case it's gping to be more than just a top slice. And it's just the one director who has sold. Then again perhaps career-wise he may be on a sticky wicket so had nothing to lose by selling?

Woah there Tally. Every site I've checked up on, shows the shadow intraday flash crash down to 525p area. It's there. Discount this site for charts though. It won't display candlesticks on the intraday chart. It was a flash drop that hasn't even registered as the day's low. I've had limit orders in play for stocks in the past that momentarily flash crashed to crazy prices and upon checking my limit orders they were not triggered, as the flash crash happened in a micro-second and not long enough to register and trigger my pre-set orders. Volume was at record levels today; perhaps an institution big sell caused it, that was arranged by the MM's separately over riding SETS? Volume was well over double the medium term average volume but not quite that for the long term average volume but at seriously high levels regardless. No chart is showing that deep candlestick shadow on the intraday view. It only shows up on longer time frames. Suggesting to me it may have occurred after the closing trading hours (but can't see any UT trades today) just the usual after hours tidying up and matching orders @ approx 5:10pm.

Yes, a staggering, mega volume day at 8.7m (long term average 500,000). Important Trading Statement and profit forecast updates were released on 26th February last year, and on the same date in 2015. So this year's likely to be released very soon in 10 days time approx. - Perhaps some big fund/s wants a position beforehand?

In this week's Shares Magazine a fairly decent sized piece on PHTM using it as an example in their Rational Investor heading on when not to panic sell - (Love the title header they use in the intro:) "... WHY THE MARKET GOT IT WRONG ON PHOTO-ME Photo-Me International (PHTM) saw its share price fall 20% on 23 January 2017 after old news reached a wider audience. A couple of the national newspapers ran stories about the public being allowed to take photos with their mobile phone for passports – the market panicked that Photo-Me’s photo booth services would no longer be required. This supposed risk to its earnings wasn’t entirely breaking news, and people had talked about this last year. For the smart investor, the sell-off presented an opportunity buy a great company at a much lower than normal price. Yes, the UK is trialling potential changes to passport applications. It is potentially allowing adults aged over 26 to use mobile photos to renew their passport, but only if the photos are of the requisite standard (set by ICAO and ISO), something which is very hard to achieve. Photo-Me’s UK photo booths only account for an estimated 5% of group profit, so a decline in income from this area of the business wouldn’t have a major impact on group earnings. The earnings threat certainly didn’t warrant wiping off a fifth of the company’s market value. The company replied by saying it believed accepting photos from mobile phones for official documents was ‘incompatible with developing security requirements’. In Europe, there is a shift towards more sophisticated security photos including 3D imaging and iris scanning. Therefore you could assume there is a chance the UK Passport Office could rethink its stance towards pictures from phones. Our conclusion is that the market has incorrectly priced this earnings threat and applied too much of a discount to the share price. Therefore the rational investor could have picked up cheaply-priced shares. And that’s exactly what people have been doing as the shares have subsequently recovered a good chunk of the lost territory. In Photo-Me’s case, some discount is warranted given the threat to part of its earnings – so we aren’t saying the shares shouldn’t have fallen at all. This is an important point to consider. . . . . "

I posted below of expectations of the floor being between 650p and 600p I've bought my first tranche at 651.odd Good enough even though I'm leaning to it falling further in the short term. Just as well I buy in modest amounts building my holding up to the budgeted final stake when appropriate. Bought this for two reasons only. Diversification and the yield. Been tracking it since early last summer. So not quite as impulse a buy as might seem.

another one to the slauhterhouse? - First modest tranche bought at 15.7499p.

@ HFWizard - It was published approx 11th January this year in SCSW (a subscription-only newsletter) so no links to it, would work I'm afraid. I can post the single sentence in question though, without breaking subscription copyright etc., (I think) - ".... The MyNumber regulation came into effect in January requiring all 87 million Japanese citizens aged 18+ to have a new photo ID card. After halting it due to technical issues the programme will restart in March...." Tried online news site 'The Japan Times' to get confirmation - plenty there but it's more concerned with the problems they're having with the "My Number" ID system gremlins. However, discovered this: Funds were set aside by the govt to distribute the first 30m cards but only 9m had been issued by January 4th before the system was halted. Also, there is considerable resistance to the new ID card in Japan. The govt is launching a charm offensive with teach-ins at libraries etc this summer. Still in Japanese citizens minds is the govt seizing and freezing all bank accounts at the end of 1945 ostensibly to help the economy but in reality it was to actually tally up how much money was in the nations bank accounts - then they introduced a new tax on those savings and billions of yen were taken from the accounts as a tax - and it was two years before the accounts were returned to the rightful owners - from that day to this, large swathes of the population hide massive amounts of cash "in the back of the wardrobe" as is their saying. They think the ID cards are another attempt to spy on their savings; and distrust of banks is very high. There's been so much cash stored in homes that billions more banknotes have had to be recently released into circulation as they're disappearing from circulation at an alarming rate (stored in "wardrobes") because of fears of the My Number ID card. Banks have recently issued an edict that no money can be transferred abroad from bank accounts - unless the account holder has the new "My Number" ID card. Fuji control 40% of the ID business and there are reports of them being sued by affected parties for the gremlins in the system. Photo Me said this time last year they were adding 1,000 more booths throughout Japan in 2016. Whatever, it would appear there is resistance to the ID system itself, by the populace - still yet to be overcome by the govt. Here's a link to several stories about the ID troubles from Japan Today site: .http://www.japantimes.co.jp/tag/my-number/

All 87 million citizens in Japan are required by law to have a new photo ID card. It came into effect in January - but was halted due to tech issues. The program is being restarted in March - just 3 weeks or so to go! When it gets underway and media interest reignites there will / must be an impact on the SP. Is this tentative movement in the SP the start of that recognition? PHTM are big in Japan. How much of that 87 million in ID photos will come there way? It will kick the recent kerfuffle of UK booths into touch. 87 million citizens are required by law to get a new photo ID starting in March -.no opting out - they have to have one for all those over 18 years old.

Worried and undecided by the reaction to media reports concerning PHTM. Maybe there's just one thing you need to know to help you decide. Quite simply it's this - PHOTO-ME’s UK photo booths only account for an estimated 5% of group profit! So a decline in income from this area of the business won't have a major impact! There, that's it. If you closed every single photo booth that would only lose 5% of group profit. In an otherwise good trading year would you even detect it? You might have to have that missing 5% pointed out to you. Just 5% only. AND that's assuming every single booth was mothballed never to e seen again! Okay here's the full version from this week's Shares Magazine, out today: Title: Photo-Me blinded by mobile threat to earnings Sub header: Any-hit-to-profit-unlikely-to-be-as-bad-as-implied-by-share-price-collapse One fifth of Photo-Me International’s (PHTM) market value was wiped off at the start of the week following news that the Home Office will accept photos taken on mobile phones for passports. Investors assumed this would render Photo-Me’s UK fleet of photo booths as worthless. The company replied by saying it believed accepting photos from mobile phones for official documents was ‘incompatible with developing security requirements’. Analyst Simon Davies of investment bank Canaccord Genuity remains a fan of Photo-Me, saying share price weakness is a buying opportunity. ‘The UK is trialling potential changes to passport applications, potentially allowing adults aged over 26 to use mobile photos to renew their passport, but only if the photos are of the requisite standard (set by ICAO and ISO), something which is very hard to achieve,’ he comments. PHOTO-ME’s UK PHOTO BOOTHS ONLY ACCOUNT FOR AN ESTIMATED 5% OF GROUP PROFIT, SO A DECLINE IN INCOME FROM THIS AREA OF THE BUSINESS WOULDN’T HAVE A MAJOR IMPACT. Davies notes Europe is shifting towards more sophisticated security photos including 3D imaging and iris scanning. Therefore he believes there is a chance the UK Passport Office could rethink its stance towards pictures from phones. Ends.