Fairfx Share Discussion Threads

[bamboo2] 25/3/2019 16:23

Bought more at 100.15

gla

[rathean] 25/3/2019 12:18

Just added a few at 100.45 also showing as a sell.

[bamboo2] 25/3/2019 09:57

Bought a few at 101.245 on todays potential turn.
[showing as a sell on advfn, due to wide spread]

[rampmeister] 24/3/2019 15:07

We can expect a rave report from SCSW in a few weeks time that should on board some new investors.

RM

[mcljeremy] 24/3/2019 11:25

We need the share price to hold above 100p, then hopefully we can move back towards 120p. Seemingly a very well managed and structured company, so much upside if they can leverage US business as well.

[mcljeremy] 20/3/2019 19:52

They should be around 23rd April based off the last couple of years.

[gswredland] 20/3/2019 19:33

,when are results please guys?

[mrnumpty] 20/3/2019 18:03

Happy News ! Look at the very positive figures announced today by Alpha Fx , the only other FX company in which I am invested and of which I have any knowledge . Although they both operate in foreign exchange , a fundamental difference between the two companies is that Alpha Fx only deals with companies and corporates ( i.e. not private individuals ) . Nonetheless , Alpha announced some very nice figures today and are very upbeat about prospects . Together with the recent comment in the March copy of Small Company Share Watch that " they [ FairFx ] note record buying has just been seen as holidaymakers top up on prepaid cards " , this shows the potential . Good luck all .

[rathean] 20/3/2019 12:07

Persistent buying again today, we may be due the next leg up ahead of full year imo dyor ofc.

[clanger66] 19/3/2019 16:56

Really frustrating that someone is keeping a lid on the share price. However only savings grace seems to be that the amount you can buy in one hit electronically seems to be dropping.

[mcljeremy] 19/3/2019 09:37

mrnumpty thank you for that. The official year end numbers are out mid-late April, although more important will be the YTD numbers and future guidance, and if that is good then I think FFX will shoot up.
If it can overcome Brexit headwinds then it's clearly a winner, especially with the US flow due to kick in later in the year.

[mrnumpty] 19/3/2019 07:35

In the latest edition of Small Company Share Watch ( SCSW ) , which reached subscribers on 9/3/2019 , there was a brief reference to Fairfx ( on page 8 ) , stating that Fairfx " note record buying has just been seen as holidaymakers load up prepaid cards " . SCSW has been following Fairfx for a while , but it was only on 1/3/2019 that the magazine added 10,000 Fairfx shares ( at 90.5p ) to its Growth Portfolio 3 ( GP3 ) . Since commencing GP3 in August 2015 , there are only sixteen companies in the portfolio , although some constituents will have been sold during that period . Although I believe that it is only a shadow portfolio , without real money invested , GP3 represents those tips in which SCSW has the greatest confidence . For reference , GP1 gained 1088.57% ( 1/11/1994 - 12/7/2001 ) , and GP2 gained 1207.29% ( 13/1/2001 - 28/11/2014 ) . SCSW says that it " will have more to say next time " ( appears 6/4/2019 ) . Do you own research .Good luck .

[clanger66] 18/3/2019 20:23

Yep, clearly capping the price and I reckon it's the same guy who has been feeding stock out for a few weeks now.

[mcljeremy] 18/3/2019 17:44

This seller is clearly a large fund...….without this guy think we'd be at least 10-12p higher.

[mrnumpty] 18/3/2019 16:42

Today at 15.10 pm , two major transactions , apparently both purchases ( scepticism as this is from the Hargreaves Lansdown site , which merely allocates transactions as " buys " or " sells " on the basis of whether they are above or below the mid-price ) . However , as HL show the price as £ 1.01 to £ 1.05 , they probably are " buys " . Each transaction was for 500,000 shares . The first was at £ 1.04 ( for a total of £ 520,000 ) , and the second was at £ 1.04.2 ( for a total of £ 521,000 ) .

[gswredland] 14/3/2019 13:10

Thanks for that Disco

[bamboo2] 14/3/2019 09:08

Rath, agree, price also under influence of and testing 5/3/2019 high [105]

In addition to the flag, [tp117] there is also a concurrent unconfirmed INVH&S [tp127]

Holding, and looking to add on a retrace.

[rathean] 14/3/2019 08:32

Important resistance level here, top of a steep falling channel. A break north and 130 should be easily achievable imo dyor ofc.

[discodave4] 13/3/2019 19:40

Cut out the beginning as didn't say much, basically take notice when reputable and large investors buy (i.e. Bernstein in this case)."The stock is FairFX, the foreign currency specialist, and Richard Bernstein, who holds it in the Crystal Amber investment trust, said he had bought more shares in the company following a fall in the price from 125p in mid-January to about 97p now.In fact, he is FairFX's largest shareholder and not far from the 29.9pc limit when takeover rules would force him to make a bid for the firm. "We first took a stake in March 2016 and have consistently added to it since," he said.FairFX deals in foreign currency in a variety of ways, including the provision of prepaid cards, selling currency for electronic transfer and the sale of bank notes in the traditional way. It also operates what amount to bank accounts, although it does not have a banking licence, and offers an expenses service to companies.All parts of the business have been growing well; sales rose from £8m in 2015 to £25.5m in 2018. It first made a profit in 2017, to the tune of £229,000 before tax, and last year made £6.9m.Last month the company said it had obtained faster payments settlement approval from the Bank of England. "This is a huge coup and we think the market is yet to wake up to the implications," the fund manager said.He attributed recent weakness in the shares to Brexit-related concerns, which had led to "weak holders selling out" of the stock. He added: "In our experience [foreign currency] activity picks up with sterling strength, so we're encouraged and see the fall in the shares as an opportunity."Read Questor's rules of investment before you follow our tips. See Questor's tips every day at twitter.com/DTquestorWhen it comes to valuing FairFX, we can use two methods. First, on the traditional price-to-earnings measure, the shares trade at 15 times predicted earnings for 2019 and about 11 times for 2020. The sharp fall from one year to the next reflects the high expectations for growth in profits and to Questor these numbers seem undemanding.We can also value the company with reference to the bidding war for Earthport, a rival firm. Mastercard and Visa both tabled offers and the latter is poised to succeed with a 37p-a-share offer that values Earthport at £247m."Earthport lost £7m last year whereas FairFX made £7m," Bernstein said. "But FairFX has a market value of just £151m." Of this figure, £10.7m can be attributed to the firm's net cash.This column's view is that FairFX could easily be next to fall to a bid but even if it remains independent there is excellent scope for growth in turnover, profits and the share price. The company does not pay a dividend but is able to reinvest its earnings in the business at a high rate of return, estimated at 21pc in 2020.Questor says: buy

[gswredland] 13/3/2019 18:45

Anyone got the full text of Questor article please?

[gucci] 13/3/2019 16:23

added today on Questor tip