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Hi Bob. There has been steady buying today and the expected profit taking. I have witnessed a lot or Retail interest with fresh money coming in and some partial liquidation of trading positions opened in or around the 45p level. We have not sold today and we expect a hike tomorrow as well. Perhaps at the start of session, then the overall market direction and the amount of profit taking will dictate final direction. As I mentioned just before, I have witnessed for myself Partial squaring of open long positions meaning that many traders do believe the stock has significant more upside. My Personal opinion is that the stock would touch 50p before any large scale profit taking kicks in. Provided then that trading during the festive period is as predicted we should see high 50's in early February. So all in all we remain with positive future outlook on the stock but we would take every presented opportunity to re-align our position in the stock which is still seriously long. I do not believe that at this moment in time Dow impacts on DXNS, as there is real retail appetite for the stock. Dow will impact on FTSE but if the retail appetite witnessed today for the stock continuous we should see an improved bid tomorrow if shorters [ reaching peak price] kick in or sellers continue at a stronger pace we should see the usual retrace. But I always believed in DXNS future and so far the stock has done us proud. GL with your trading and the best of luck to all BB members been long on the stock.
Hi Puffy! Everybody is entitled to his opinion. But in my humble opinion if your price target is increased by 20% from 43 to 50 p then that is an upgrade unless I have missed something else? As for the Argos indeed their sales are improving but that seen in the overall online sales news published widely in the press over the past 10 days is not news... is a simple confirmation of the general statistics. One way or another the stock ended up well bid, lets see if it would maintain its upward momentum.
With Volumes significantly improving and buyers coming into the stock the share moved above 48p. Lets see how long it would last the offloading selling pressure.
The upgrade today by Paribas has brought some smiles back and the stock at the moment seems to be well bid. Lets hope that it would maintain the 47p level and would soon attempt to overcome the crucial 48p level. Volume is light and there has to be some significant increase in volume IMO to overcome 48p. Lets see then. Good Luck to all of us that are long on the stock.
Cheers! Wish everyone on this BB the very best with their trading!
There has been a further significant reduction of the short interest in DXNS by the major shorter in the stock Fest NV resulting in an overall open short position in the stock at the moment of just 3.81%. The lowest since the start of the year and I believe almost 50% less that what it was in Jan 2013. Trading-wise the stock has been in a tight range 44.5 - 47 with buyers coming in between sub 45.5 and sellers offloading at 46.4+. We have further increased our exposure to the stock with purchases sub 45.2 p and remain with a positive long term view.
We have had as expected a further improvement in the open Funds Shorts positions on the stock which has now overall come down to 4.95%. Three funds reduced further their open interest while one has actually gone more short of the stock at 2.08% overall. The overall direction though is lower with further price consolidation.
An improvement of the short position held on the stock as it is now lowered to 5.92%. Six funds have reduced short positions on 9 & 10 October.
Please bear in mind that you only need one interested party to start the ball rolling. Indeed the initial suitor might not be up to the standard but rest assured that if one makes a start and bids more than 3 would pop up. It is like the ninja movies. You 'kill one' and three more would appear from the bushes ..LoL. Anyway..I believe enough is said on the subject. Time would only show whether one suitor would appear from the tunnel...GL anyway
FT Today> Shore Capital handled the business, booking two trades of 21.8m shares at 170p apiece. The shares initially rallied on the assumption that a stock overhang had cleared. Then came the gossip of stake building by a predator with private equity group CVC once again mentioned among the potential bidders. Similar theories have been doing the rounds since Ladbrokes’ profit warning last month, which tested investors’ trust in chief executive Richard Glynn. But analysts argue that, while Ladbrokes has a strong UK brand and reliable cash flow, bidders were unlikely to emerge until the digital business shows signs of stability. A buyer would have few options to improve online given Ladbrokes has already entrusted much of the operational control to Playtech, analysts said. I honestly believe that share is a prime target for takeover, whether the company will entertain such an approach or whether the potential cash & shares offer will be acceptable that is another issue. But with all these problems persisting there must be potentially 3 suitors out there one from UK 2 foreign. Lets see... We are holders of the stock over 180 ...buyers under 170p. GLA.
We are looking 178p+ now and there is a tru rush to close short positions. There are many shorters about 6-7 Funds all now rushing to cover the gap of 6.25% short positions in the stock. What a day!
The trading volume has gone over the roof. Perhaps my previous posting was prophetic but All point to a potential approach....
175p short squeeze. Funds trying to reduce shorts by buying back stock....
A visit in most city centres in the UK would demonstrate the success of the betting industry. LAD with decent dividend cover and cash-flow generation, presence in many UK locations would offer the interested party many synergies both in reconciling sites as well as improving online market share. I am sure that as we speak there are at least two companies that would be contemplating whether to make an approach. Take a look at the overall market over the past week and look at LAD price performance. There are buyers there absorbing the excess supply. The price might head lower but with supply been snapped up steadily this would only be a road to further stake building. At least it would be for us...
Having read most of your latest comments it seems to me that it is only a matter of time that someone would appear from the corner with an offer for LAD. There are also signs of small stake building already. This share as most of you pointed out is poised for a potential takeover or a radical boardroom shakeup. One way or another it looks promising for great action in the short horizon. Maybe all the way to 150 area before up to 200p. We are buyers on the way down.
As TSCO says 'EVERY LITTLE (freebie) HELPS'! ;)
We have made a stellar profit in a day out of TSCO yesterday and I was celebrating....thus the wrong posting. Sorry about that. Regarding the tablet Sid, I agree with you they should concentrate in the core business and get back the lost market share. As for DXNS whether it goes to 40p or to 50p is of no impact to us. We love to have the stock in our portfolio and amongst the carnage witnessed day in day out in some big cap stocks [ see HSBA, BARC, TSCO to name but a few] it is a solid investment IMO for the future.
Apologies for the wrong post before it has been one of them days...