32red Share Discussion Threads

[bamboo2] 07/5/2016 10:36

Around 100 might be an excellent entry point.

[paleje] 06/5/2016 15:50

Nothing's changed as far as we know. The only thing I can think is market sentiment in general, the ftse has been eroding for days on end and it's the same story elsewhere. If there's another lurch in the bear market to come all stocks will suffer at least to some extent, the quality ones will recover quickest. This one is quality imo but there are few buyers out there.

[fizzypop] 06/5/2016 14:35

112p and still being sold off. Cheap just got cheaper.

[fizzypop] 04/5/2016 16:21

Just joined the fan club at 118p.

[djbilywiz] 25/4/2016 12:02

Positive results from GVC.

[bamboo2] 21/4/2016 17:23

Waiting for the gap around 105 to be closed

[fizzypop] 21/4/2016 11:44

Negligible volume and zero momentum. share price static at 122p on LSE.
Low point was 115p (bid 113.50p) on Monday.
Anyone thinking of buying yet/waiting for another dip?

[shakeypremis] 19/4/2016 08:34

Not as often as you I'd wager. You're going to eat those words.

[stegrego] 18/4/2016 23:22

Christ you lot are cheery bunch.
Depression? If you think that's coming then a fat lot of use shares will do you.
Buy a shotgun and lots of cans of beans.

Seriously, you must believe all the BS you read.

[shakeypremis] 18/4/2016 14:04

I am not suggesting I don't believe it. I am suggesting that because it's a forecast it's far from certain it will be right. It might be higher. I hope so in fact.

I am not in the stock market in a big way. Just a few holdings in a few good companies, one of which is TTR.

[dave2608] 18/4/2016 13:09

shakeypremis

Are you suggesting that you don't believe the earnings forecast?

Also, if you believe there's going to be a massive depression and I've no reason to doubt you, then being in the stock market is a very dangerous game. In fact being in any asset class is a very dangerous game.

[panic investor] 18/4/2016 12:19

Agree on depression but things get manipulated to suit governments - just look at the chimps running this country !This is a quality company but I sold when the momentum changed - moved into silver and commodes which have rewarded nicely since xmasThis will be back and is top of my watch list

[shakeypremis] 18/4/2016 12:01

You have to remember that those forecasted earnings are only forecasted...

[paleje] 18/4/2016 11:52

Gambling's been around a long time. I think it's a bit of eeza'a investor psychology driving the share price For the reliable growth and sound management TTR has exhibited consistently for some years, I would have thought around PE 15 wouldn't be unreasonable.

But the market doesn't, not at the mo anyway:)

[shakeypremis] 18/4/2016 11:50

And I place no faith in the UK, European or World economy. We are heading for a massive depression.

[shakeypremis] 18/4/2016 11:45

All depends on how much faith you want to place on a company I suppose, in the gaming market and on the economy in general.

[dave2608] 18/4/2016 11:42

shakeypremis, I'd love to see your explanation of how a PER of 10.6 is fair value for a company growing this fast.

[shakeypremis] 18/4/2016 11:14

Although you could argue that a PE of 10.6 is fair values so perhaps there would not be too much upside from 120p for the short term.

[shakeypremis] 18/4/2016 11:13

Looks like a good point to buy. On forecast EPS of 11.3p this has a PE of 10.6 when buying at 120p.

[eeza] 16/4/2016 08:46

Investor psychology = Fear & Greed. It's what makes a Market.

[dave2608] 16/4/2016 02:50

Agree with a lot of the posts above. I'll just add a few points.

1.I look at shares from a fundamental perspective. In post 1288 78paul talks about investor psychology. Basically this investor psychology/ sentiment/ peoples moods et al is technical analysis / looking at charts or whatever you want to call it. I'll admit I know next to nothing on the subject. Strange though how peoples moods can switch between a cycle of optimism and pessimism almost at the flick of a switch. So having knowledge of technical analysis might be a good thing. The trouble is there are different schools of TA, so which one can you trust? Someone will say the chart says this, another will say the chart says that. Who is right? Who is wrong? Maybe it's all baloney? I really don't know.

2. paleje's post of 1286. I agree and the number crunching has largely been done. So what have people got to fret about I ask? But fret they do and sell pushing the price down. Then you get people fretting about people fretting and selling, so they sell. It becomes a vicious circle. At some point sentiment changes and people buy in. Then people begin to fret about missing out on a decent rise in the share price, so in they pile in with buys. It becomes a virtuous circle. Weird stuff, this investor psychology.

3. Fozzie's post 1287. If you really want a share showing similar behavior, look at Stride Gaming. Similar market cap to TTR. It operates in the same field of the online gaming sector and has dropped from around £3.25 a share to around £2.35, similar to what TTR has done from its peak. The share price seems to have bottomed out now. As the story at Stride is very, very similar to the story at TTR,it will be interesting to see Stride's interims, which can't be far off. These I believe will be an indicator of what we can expect to see at TTR in July.

[djbilywiz] 15/4/2016 18:23

Intersting. Big earnings increases forecast, which looks attractive on a rolling basis. Also the chairmans statement on the 2016 outlook in the last results was very positive IMO....

"Trading during 2016 to date has been very strong across the Group's portfolio with like-for-like net gaming revenues for the first nine weeks of the year up 35% on the same period in 2015 and up 66% including the contribution from Roxy Palace. The Board remains committed to delivering strong growth, both organically and via acquisitions and, as the landscape continues to evolve, we remain encouraged by regulatory developments in new European markets. 32Red remains very well positioned to capture growth opportunities in the online gaming market and build on the excellent progress made in 2015. The Board looks forward to updating shareholders on progress at the interim trading update in July 2016."

A fair chance of beating expectations but will have to wait until July to find out.

[78paul] 15/4/2016 16:58

today is what i call 'capitulation', a classic part of the investor psychology cycle whereby everyone thinks the price is going to zero and sells out.

its the best to buy and those who did will be well off come the next set of results.

all in my humble opinion of course !

[paleje] 15/4/2016 15:12

Sorry Shakey I missed your comment but plenty of others have answered.

The way I see it profit before tax this year is estimated at £10.5m and our market cap is £94m with no debt and plenty of cash with a reasonable divi and chance of another special payout if cash keeps building. I'm not sure why the current weakness.