Fairfx Share Discussion Threads

[bamboo2] 01/3/2019 16:15

The minimum target price is 95.
An eod close above historical resistance at 96.8 targets 122.6

[bamboo2] 01/3/2019 16:12

11%, I use the charting equivalent of a time machine, trendline convergence based turns. They are not absolutely certain, but I average around 75% correct.

The original concept was credited to Frost and Pretchter, and back tested by Bulkowski.

Have a look here for more info,

[11_percent] 01/3/2019 11:33

Total surprise...…...can buy and sell at the bid and offer price.

[11_percent] 01/3/2019 11:27

bamboo,
I assume your buy, is chart related.

Can you give some more info/detail.

Cheers.

[chester] 01/3/2019 10:49

50% retrace of the whole move at 85.4p. Big Support.

[bamboo2] 01/3/2019 09:58

Bought a few. Chart showing potential turn today.

[11_percent] 01/3/2019 08:59

Well, they got that wrong.


It just wont stop falling.

[mrnumpty] 01/3/2019 08:27

A month ago , on 29th January , the following appeared on the Hargreaves Lansdown site ; " Canaccord initiates buy with a target price of 135p " ( source : " Share price hl " , the front page on the right-hand side under " Tuesday broker round up " ) .

[discodave4] 28/2/2019 21:23

Thought a strong pound would be good here?Who is selling I wonder.

[mcljeremy] 28/2/2019 10:49

Anyone know are they getting hit today by product association with Revolut who had AML issues

[john09] 28/2/2019 10:48

New recent lows coming by the looks of things

[mcljeremy] 25/2/2019 20:45

I agree that the company seems well managed and is systematically building up credibility, however I don't think it's day traders selling and ultimately it's difficult to say what the medium or long term will be for the FX market. If the big banks suddenly joined in the rush to the bottom then the smaller guys would quickly get squeezed out.
If there are any suitors out there then this price level should flush them out.

[rathean] 25/2/2019 19:50

Depends if you're investing or day trading. If investing then you've nothing to worry about in the medium or long term imo dyor ofc. Short term all bets are off...

[mcljeremy] 25/2/2019 19:43

The price action is concerning, someone still selling at any opportunity. The last time the DJ and FTSE were at these levels FFX was virtually 150p.....what happens if the bigger market turns down.

[rathean] 21/2/2019 08:25

Tax shenanigans one possible explanation, either way a nice tick north this morning...

[11_percent] 20/2/2019 17:43

This is all a bit bizarre, Blackrock sold down from 5.03% to 4.9%...….then loaded up from 4.9% to 5.19%.


TR-1 saying that they notified FXX on 15/01/19, and FXX have sat on the news since then.

[mcljeremy] 20/2/2019 16:09

You have to wonder who the big seller has been then, presumably not Crystal Amber....very puzzling as everyone had Blackrock down as the seller.

[57eady eddie] 20/2/2019 15:48

Interesting. Am I seeing it right from the latest RNS that Blackrock are now increasing their stake in FFX?

[clanger66] 19/2/2019 09:22

Oh well Blackrock back selling again it seems. Todays announcement very positive in my opinion yet share price back to unchanged. Yesterday we seemed to get some respite, I guess due to the US holiday but today back to normal.
When I checked the holders list on the 31st January, Blackrock held around 8.8 million shares (filled on the 11th January). I've looked again today and their last filing (reported on the 1st Feb) showed a holding of 7.6 million shares.
A drop of 1.2 million shares.
Between the 11th January and the 1st Feb. FFX traded 3,775,000 shares so clearly Blackrock were around 30% of this volume. This is fairly standard volume participation that institutional holders tend to adhere to.
Since the 4th February (next trading date after Blackrocks last filing)and yesterday FFX have traded around 3,443,000 shares so I would wager That Blackrock have been around 1.1 million shares of this.
This would take their holding down to around 6.5 million shares so the BIG question is: Are they liquidating the whole position or just reducing.

[nw99] 19/2/2019 07:25

Great news

[mcljeremy] 19/2/2019 07:24

Looks a big announcement and another step to building a sustainable business that differentiates it from the competition.

[jammytass] 19/2/2019 07:15

Major news large upside now!!!

[tim1478] 16/2/2019 09:50

Real uncertainty here. A gamble . I have bought, small amount at 90.5 but set a fairly close stop loss so could will be vulnerable to a spike. If best scenario plays out, this could be a good buy. We will see!

[mcljeremy] 16/2/2019 05:20

mrnumpty thank you for that. I believe the US business will not commence until the second half of the year, so the current slowdown in the UK and Europe I'm guessing does not bode well for the first half. However to your point, over a 1-2 year horizon there is great potential. My thoughts are that if it's Blackrock selling, they probably think there is limited upside for the next year, because we will not get a trading update that includes the new US business until much later in the year.

I think it would be useful if the company was a little more communicative on current business levels and ambitions.