32red Share Discussion Threads

[tedo59] 10/5/2016 16:21

Very nice summary paleje, I think many people are selling because of the fear of an unexpected nasty surprise because of the fall in share price, so of course this is, as you say, self-perpetuating. Quite nice if you believe in their future though.

[hutch_pod] 10/5/2016 15:58

I can only agree paleje :)

[paleje] 10/5/2016 15:44

Doubt if they'll reassure, Tedo, it's slid as opposed to crashing, I think it's just momentum running too far the wrong way, it happens, snowball effect, it will correct imo, might have to wait for an update though...July if no prior news.

I bet half the sellers have no real idea why they're selling. Good management, proven track record, progressive divi plus another special quite possible because of that nasty too much cash, no debt, current PE of 9, less than that if you count the cash. Doesn't sound like a train wreck.

[shakeypremis] 10/5/2016 15:19

At least the spread is now much more reasonable. Something I suppose. Likely won't last though.

[tedo59] 10/5/2016 14:57

wonder if management might put out a statement to reassure investors.

[hutch_pod] 10/5/2016 14:11

L2 looks a bit more stable - a few less holes than earlier..

[fizzypop] 10/5/2016 12:05

This is like a bucket with a hole in it. Too damn volatile for me atm.

[djbilywiz] 10/5/2016 12:03

Anyone with level 2 see any support volume?

[fizzypop] 10/5/2016 11:59

Glad I didn't.

[paleje] 10/5/2016 11:55

Press the button:)

[fizzypop] 10/5/2016 11:44

Being quoted 99.56p to buy.

[bamboo2] 10/5/2016 11:40

Just been looking again at the chart, 105 gap now filled. However, there are more gaps further down, assuming advfn data is correct.

[paleje] 10/5/2016 11:30

Think back to all the hoo-ha when POCT was announced and before it came into effect? Then the reality when it actually happened.

[shakeypremis] 10/5/2016 11:26

I remember this share went down from something like 90-100p all the way down to 40p or so a year or two ago. Then look what happened to the share price The same opportunity could be presenting itself again here.

[shakeypremis] 10/5/2016 11:24

Holy cr*p. I never thought we'd see these levels again. I'm watching this like a hawk. I will be buying.

[fizzypop] 10/5/2016 11:14

Whoever said 100p was a good entry point ... well we're there!

[hutch_pod] 10/5/2016 09:45

Excellent article, thanks Brownie69.

I did also see Shares mag re-iterated their sell in late March, saying they wanted to wait to see post Aug 2017 for how player incentives will change.

[ricky46] 10/5/2016 09:19

If these hit there profit forecasts this is cheap! Very cheap

[brownie69] 10/5/2016 06:55

Maybe this is the reason for the sell off plus momentum buyers dumping it once it began to fall
?

[soupdragon55] 09/5/2016 22:12

Keeping my eye on this, watching for the current down trend to turn.

[fizzypop] 09/5/2016 20:48

Deleted from previous post.

[fizzypop] 09/5/2016 20:45

Extract from:

[...]

Potential target

Also among the major movers today is 32Red (LSE:TTR). It's down by 10%, although the online gambling company is still up by 80% in the last year. It hasn't released any significant news flow today to prompt the share price fall and with it having upbeat earnings growth prospects, 32Red seems to be more likely to soar rather than suffer from a colossal correction.

In fact, 32Red is forecast to increase its bottom line by 62% in the current year and by a further 28% next year. This puts it on a price-to-earnings-growth (PEG) ratio of just 0.3, which indicates that now could be a good time to buy it for the long term. That's especially the case since there's a considerable amount of consolidation ongoing within the gaming sector and while 32Red may or may not be taken over, it retains bid potential due to its strong financial outlook.

[djbilywiz] 09/5/2016 15:58

One to keep an eye on after EU Ref with a trading update mid July IMO.

[fizzypop] 09/5/2016 15:10

Now down 10% on the day at 105.68p. I wonder if a bid will be forthcoming soon.

[luckymouse] 07/5/2016 12:33

weekly view - wouldn't be surprised if the MMs had a few limits nr those old resistances