1pm Share Discussion Threads

[rico_suave] 14/3/2011 06:50

ihavenoclue,

you were in CNR before most as well
if i remember right that is not comparing
this to CNR that is in a league of its own
but the point I am making is you know these
sub penny shares require a great deal of patience
do you still hold Condor Resources btw?



rico

[marab] 13/3/2011 14:05

Moochy, good point. There are a lot of investors out there who have holdings in a company as well as their 'trading stock' which they buy and sell as you describe. There is money to be made as you say, but for some who are less adept in timing the buying and selling there is lot to be said for buying a stock that looks good for the future and just holding. Both strategies can bring rewards and it depends on the individual which, or both, they use. Spikes can be a good way of increasing the number of shares you hold without putting in any more cash. As long as you time it right ;-)

[moochy] 13/3/2011 13:42

R1zza, You said;

marab, we could always email them and ask them better still ring them but i really don't think they will tell us what we want to know.Well not anything that isn't already in the public domain we can forget about it but if you would like to by all means try feel free to do so. i just don't want pump & dump brigade or people who want a quick profit and who decide to sell on spikes and then buy back in and repeat the process involved. Which is why I have decided to start my own thread :)

Although I do not participate in any ramping or deramping, I will sell at the top of a spike, and buy back 2-3 weeks later when the excitement has dwindled. Let's not kid ourselves here. Those of us who hold OPM, (or any other share) don't hold it because we have a passion for the finance industry or banking. We are all here to make money, this includes selling on spikes and buying when shares are cheaper than we think they should be. The stock market is here for trading. There is no shame in day trading, selling on spikes, buying at the beginning of a pump and selling before dumping occurs, or holding long term. This depends on your trading/investing style or preference. I also try and buy shares early as they are being pumped and sell before the dumping begins. There is no shame in this either. I have made profits this way, with a small investment hence little risk, and high percentages of return. There is nothing wrong with surfing the wave, as any surfer will tell you.

[marab] 13/3/2011 13:19

citytrader 007, I have found that I have a gift for selling shares just before they go up, and jumping into others just before they go down, and that there is more money to be made by buying shares when they are cheap and just waiting. While waiting can be the hardest investment decision it can also be the most rewarding long term. There has been a trading statement at 7am on the 12 of March for the last 2 years so there is every chance that there will be one first thing Monday morning. We will then know if things have gone to plan and I will be looking as much at the bad debt figure as the income. If they are both reasonable then I see this being a good stock to tuck away with a view to long term price appreciation. Certainly the last figures were encouraging.

[citytrader 007] 13/3/2011 00:00

marab, to be honest, again i'm happy to just be here and wait, its no hassle, a profits a profit and with all probability OPM will hit us with a decent half year, to anyone just reading in here - most of their contracts on leasing / lending are over 3 years, so basically if their profits are up over say 16.5 % in the half year, the profits are greater, obviously there could be some bank interest rate etc intervention im aware of that too.

But on the whole I think the next results will be ok, lets not all forget the obvious here too, its only sitting at 0.14 give or take, a bumper half year could send it rocketting, but im also aware of a negative impact of various possibilities, but again, I think OPM will pull the stops, why shouldn't they ?

I think also as ive seen over the last few months, its had a few trading peaks, and good luck to you if you are day / week trading it, but to me theres only one way, and thats inward and not to sell, all or nothing, Its a punt to some for now, but I think theres promise here, and thats all I need, a sniff of it.

[marab] 12/3/2011 18:02

r1zza, the more the facts the sooner the nitpicking starts. Much debate over very little. It's always nice to see points debated from both sides for better balance, and the more people that take part the better. I am always happy to take either side (or both sides) of a debate as I think that it encourages investors to dig a bit deeper, and I am sure that many others are equally flexible. The better you know your investment, the quicker you can react to news. Anyone thinking that my posts have missed stuff, please step forward and add to the debate. Do you think the salaries to high for example, or what are your views on expanding the business to other geographical areas. That was an interesting bit of price action on Friday and I wonder if it will be repeated on Monday.

[r1zza] 12/3/2011 16:29

Arguments only thrive when facts are scarce :)

[marab] 12/3/2011 13:32

citytrader 007, I think Spagnum should consider the question of bad debts before investing. I believe that potentially the biggest expenses for the company are bad debts and the cost of new funds. The company have stated that they are picking new business carefully which will help reduce the risk of bad debts and that bad debts are falling, but the risk is still there as it is with every other company that offer credit and that risk has to be borne in mind when investing here. You only need to look at the banks over the last few years to see the effects of bad debts, although OPM appear to have been far more careful in their lending. As to financing, interest rates will be rising soon but I don't see that making a great deal of difference to OPM's business model, if their lending is on a variable rate rather than fixed. If the lending is at a fixed rate (another thing that would be good to know) then rising interest rates could be bad news for future profits. I am encouraged by the fact that the company is not raising further funds by issuing more shares. As long as they continue to raise funds at a reasonable rate of interest there could be some strong growth here in the near to mid term before the banks get back to their old habits of lending to anyone who asks.

The biggest danger here would be the company expanding its business too rapidly and paying to much for their finance and lowering their lending standards. So far I have seen no indication that is happening, and hopefully future RNSs regarding finance would give early warning if that became the case.

[rico_suave] 12/3/2011 12:17

courtesy of hornblower that fingers chap hasn't done one for opm

[r1zza] 12/3/2011 10:23

Yes citytrader my thoughts exactly! And the economy is recovering we are coming out of recession. Its not exactly a no brainer but somewhere along those lines ;)

[citytrader 007] 11/3/2011 21:42

Like ive said in the past, i've met enough people to know i'm happy to be in, and will continue to increase hold.

[citytrader 007] 11/3/2011 21:41

"I am concerned that their bad debts will rise."

Based on mainly 3 year contract deals, and profit to date, with only part way through the said contracts, how do you work out a worsening debt ?

It cant be worse even if they didnt secure any more contracts ! which is nye impossible, I think its the complete reverse of what your saying, based on FACTUAL RNS STATEMENTS AND ACCOUNTS, AGAIN, PLEASE TRY AND READ AND RESEARCH.

They are in profit now !

If your going to deramp, at least try to do it properly !

... lastly you would of noticed to, the very large bulk purchases over the last week etc, if the said person/s thought it'd increase debt, they'd be pretty stupid to buy it wouldnt you think ?

[citytrader 007] 11/3/2011 21:34

not sure on this said news this coming / next week, but agreed, there is a certain chunky buyer :)

[ihavenoclue] 11/3/2011 12:16

Yes Moochy ... I said on LSE after seeing the 10m buy that I thought the chunky buyer was back ... must be ready for news mid week

[sslatter] 11/3/2011 11:58

NOw it's on the top gainers (top 3) people will start to look at it. Expect more to come. Company in profit, with expansion plans, easy to see it's going north with a very little invesitgation.

[moochy] 11/3/2011 11:48

...and 5,000,000 this morning..

[moochy] 11/3/2011 11:46

ihave, there was a 10,000,000 trade yesterday.

[moochy] 11/3/2011 11:45

Yawn...anyone awake in here? Tree shake yesterday, and today share price on the up! How typical, and predictable.

[ihavenoclue] 11/3/2011 08:24

Hmmm ok all be calm now !!

IF the trading report arrives it should be early to mid next week. I wonder if chunky buyer, who started again yesterday, is stocking up for this ?

Regards
IHNC

[marab] 11/3/2011 07:46

r1zza, generally you can tell a lot about a company by the way it answers or ignores your emails, over and above any actual information you get from them. I personally prefer emailing because it's not time sensitive, ie. if they are to busy at a specific time they can reply when convenient, and when things are written down there is less chance of confusion. Let's hope today is a better day for stocks than yesterday when the screens were red with hardly any blue or even green.

[r1zza] 10/3/2011 22:18

marab, we could always email them and ask them better still ring them but i really don't think they will tell us what we want to know.Well not anything that isn't already in the public domain we can forget about it but if you would like to by all means try feel free to do so. i just don't want pump & dump brigade or people who want a quick profit and who decide to sell on spikes and then buy back in and repeat the process involved. Which is why I have decided to start my own thread :)

[marab] 10/3/2011 22:04

Spagnum, only my opinion, but the more views posted here the easier it should be for people to work out the pros and cons. It's an interesting looking graph though.