Fitbug Share Discussion Threads

[mister md] 20/1/2017 14:19

DD - I managed to turn a 5k+ profit into a small loss here thanks to that second RNS - will go back to my usual strategy of investing/trading in sensible stocks ;)

[cpap man] 20/1/2017 14:05

You used to always be very down on FITB Dusseldorf - intrigued to know why the sea change in view as you would appear to now be quite positive on FITB?

[dusseldorf] 20/1/2017 13:58

Mister MD - Hope all is well. Have a look at PGY, slow burner potential to do well. It's lonely on that thread(!)

I got some more FITB @0.33, could go lower, but the RTO theory still has legs.

[ny boy] 20/1/2017 12:23

Phil & Duss, informative posts, as a long term holder I can see rewards here once you get through the usual day trader posts & short term drivel , happy holding, going to buy a few more today.

[dusseldorf] 20/1/2017 12:22

Fake news IMO

[southafricaninvestor] 20/1/2017 12:15

£15m 3 year deal with UNUM?

[dusseldorf] 20/1/2017 11:49

phil1969 - haircut is about the %'ages of ownership I guess. It simply wasn't possible to remove the interest/debt overhead by issuing any lower without triggering an offer for the company.

[phil1969] 20/1/2017 11:39

Very interesting Duss. That helps connect them all together. What's your opinion on why they would take such a massive haircut for the shares in FITB?Something was better than nothing or a longer term view to making a killing on the quantity of shares held if an RTO executed?

[dusseldorf] 20/1/2017 11:30

phil1969 - FITB is 50% owned by NW1, NW1 investments is 50% owned by Jonathan Fisher (the other 50% by daughter of LA Fitness founder). Jonathan Fisher is CEO of Holmes Place International (81+ health clubs). In an interview last year, Fisher said the time was right to bring the brand back to the UK market 'shortly'. Whether he means IPO or not is a gamble.

HPI is 50% owned by Kirsch, linked to Kifin. My money is on HPI reverse 'at some point'. If you companies house NW1, Fitbug is their only listed investment.

..it's all about the 50% isn't it?

[phil1969] 20/1/2017 11:18

I've bought in this morning off the back of the Kifin and NW1 connection commitment last summer to capitalise £8.4m of loans to £840,000 worth of shares. Many reading these boards and gambling on FITB won't even know what was going on last summer. Two loans, one with Kifin worth £1m and another with NW1 for £7.4m were converted to shares at a conversion value of 2.5p at the same time a fund raise by way of open offer was underway at 0.25p, this would have been a haircut of 90%.Either FITB massively oversold the potential for the share price to their investors to get back to 2.5p or something else is going on. Check out KiFin history. It's interesting to see how they have taken over companies in the past. NW1 Investments are also pretty shrewd players. Something is happening in the background to FITB core business. It will be interesting to see if any TR1's arise from Wednesdays volume. If NW1 & Kefin didn't supply shares to the MMs it means they are holding for more and probably expect to see their 2.5p back. When and how, only they know but investment companies are not in the game of turning £8.4m into £840,000 unless they have a plan. There's more to come from this saga and from these levels, FITB only had one direction to go. I've bought 7m shares in the low .3's, very happy to take them while everyone is panic selling.

[miahkaysor] 20/1/2017 10:47

Blue screen soon!

[ny boy] 20/1/2017 10:24

I think all will be fine once all the day traders have moved on, be greedy when others are fearful, it's served me quite well for years.

Got to go and sweep the streets to keep the income flowing, nice cold sunny day too.


(AMC) should be good under Trump too, all this pro Russian, love Putin stuff etc.

GL

[robfitz] 20/1/2017 10:19

Thanks Chesty,

Well good luck to Tivoli.

He has made a few quid (at least!).

Good luck to him with his trading and to all who hold!

[chesty1] 20/1/2017 10:16

Tovoli is long and now in love with the co....oh what a difference a day makes.

[robfitz] 20/1/2017 10:13

Tivoli, Did you close your short?

I have not trawled through the 100s of posts here to see ;-)

[ny boy] 20/1/2017 10:10

Ok for long term holders as the last rns was quite positive, best think at least 1yr +

Quick look at chart shows support 0.22p, resistance 0.43p, if that breaks to the upside and becomes support, next resistance is at 0.97p then 1.55p, the latter I would expect to see within a year.

[chesty1] 20/1/2017 10:05

Sorry but it's a dog consider me out!!!Nice profit but could have and should have been so much more.Be lucky to all.

[dusseldorf] 20/1/2017 10:04

niggle - there was nothing wrong with the original RNS in my opinion. If people can't work out what 14,000 units would ship for when 'retail' price is known and how much a company would be willing to pay on a subscription, they need to step away from AIM.

What happened here is that all those who bought at much higher levels (on the samsung/retailers news) probably started to average down as it 'appears' the business model is working to a certain extent.

I agree FITB the company is not really up to much at present, but do not forget the backers who converted £8.7m at 2.5p and their heritage and current business. I think its a zombie co. waiting for reversal of Holmes Place International, but I think it's only a few who believe that - certainly not enough to cause the trading spike on Weds.

[niggle] 20/1/2017 09:57

Shouldn't there be some investigation in to the company's conduct here? A few will have made a lot of money but I should imagine far more will have lost.

How stupid not to announce the low margin, 60k turnover potential details of that 14,000 unit deal and just to allow the deal itself to drift in to the public arena.

They should be suspended permanently in my opinion as they have to right being on the stock market, toying with people's money.

(I neither bought nor sold btw - I got rid of this dog a long time ago) It's worth nothing.

So comical to see wet behind the ears kids saying they have averaged down in the vain hope it will rise again. It won't.

[ny boy] 20/1/2017 09:55

Just adding to stocks like (AMC) today as Trump is likely to be good for Russian business going fwd.

[barnetpeter] 20/1/2017 09:44

100 million plus traded and price is flat lol

[ny boy] 20/1/2017 09:37

1p is possible over Q1 most day traders or weekly traders don't see more than if they can make a few % and often miss the bigger moves over time, I have averaged down to around .43p so not bothered what the share price does today, tomorrow or next week's

I guess if you only trade dole money you need to get rich fast!

No idea about wafm but will take a look tks.

[trt] 20/1/2017 09:36

Folk don't want to miss out on the next big rise

[trt] 20/1/2017 09:34

Said it would go blue !!