Fairfx Share Discussion Threads

[mcljeremy] 06/2/2019 17:40

An encouraging close today. 750k shares went through, mainly sellers down at 86p, so someone has been sat on the bid and they closed unchanged at 87-88p. Hopefully the start of a turnaround.

[gotnorolex] 06/2/2019 15:54

Oversold should read only-ever-sold, not a single purchase!
RSI = 0

edit:- 3 small buy trades virtually on the bell!

[discodave4] 06/2/2019 13:17

Yep, thought this had bottomed as well oversold technically.Will stick with it.

[11_percent] 06/2/2019 11:38

This must be well overdone.

It fallen continuously, with a few flat days.......no blue days since the start of the fall.

This is notnormal for a share price graph.

[rathean] 06/2/2019 10:31

Trends tend to stick in the absence of guidance. The last set of results were very strong, management guidance about strategy was clear and the US market will be a big boon moving into Q3/4. So, still looking to double up but not until we're closer to 80, all good imo dyor ofc.

[tim1478] 06/2/2019 09:18

Really helpful bulletin board discussion today

[mcljeremy] 05/2/2019 19:16

I think you're all being way too negative. The company has delivered in every respect bar a slight profit miss. Yes the FX market will consolidate greatly and margins will continue to decline, however it is the largest market by a huge margin and opportunities will continue to exist. Continued growth of client numbers is imperative, but they have shown the ability to do that.

It maybe a difficult 6 months until Brexit is resolved, but then the US business should start from mid year, so reasons to be optimistic. As for Amber / Blackrock they totally understand the FX market dynamic, declining spreads have been happening for 20 + years in FX since electronic platforms were introduced in the wholesale market.

Ill informed conjecture will not help the company or the share price.

[11_percent] 05/2/2019 18:04

Where FFX score is their Help Line, which, apparently is very good.
When things go wrong, or your card gets lost/stolen, they fix it quickly.

But, you pay for this.

[sandoval] 05/2/2019 17:54

When you put it like that it makes you wonder why Crystal are still buying and Blackrock still holding nearly 5%. Maybe they don't realise ?

[eezymunny] 05/2/2019 17:29

I mean very soon you'll be able to exchange currency, make overseas payments etc, at virtually no cost (in terms of spread and/or fees). There's just so much competition springing up.Therefore the forex companies won't be making much, if any, money.

Margins at FFX currently over 1% on forex transactions but I'd guess that doesn't have a hope of hell of continuing. I might be wrong of course....

[alan@bj] 05/2/2019 17:18

By “margin free” do you mean they don’t charge for it or that they buy and sell for the same price? Fees are easily replaced by the spread.

[eezymunny] 05/2/2019 17:08

There's just sooooo much competition popping up in the forex space and margins are trending towards zero.

Oh wait a minute. Here's one already offering zero margin for forex...

www.thisismoney.co.uk/money/saving/article-6665477/Challenger-Starling-launches-new-account-lets-send-receive-euros-free.html

I rather fancy FFX profitability from forex will trend towards zero, and with it the share price. That just leaves the banking ops. I'd rather invest in the South Sea Company or fashionable tulips...

[sandoval] 05/2/2019 16:52

Looks contrived for some reason. Crystal amber bought a few & Blackrock sold a few and we lost half mkt cap ?

[tim1478] 05/2/2019 16:19

Just seen the dramatic share price fall.I see folk on this board are sanguine. Could there be something else going on here apart from market turbulence?

[11_percent] 05/2/2019 15:04

gnr and others,

Cheers.

[tiswas] 05/2/2019 14:57

Is that right, just one exec on the board, the ceo, and three non-execs?

[john09] 05/2/2019 12:38

It’s a buy at 80p

[growthpotential] 05/2/2019 12:01

The market overreacts there are many names in small cap world where this has happened. The fundamentals still look very strong despite Brexit. Investing is always about a longer time horizon and FFX is a definite disrupter in the payments space

[rathean] 05/2/2019 11:51

Hardly a sensible comparison but I feel your pain having lost big previously... as all traders do.Chart is shocking but there are support levels to look for and a well timed rns will quickly reverse this trend imo dyor ofc.

[gotnorolex] 05/2/2019 09:59

Basic rules which I admit I don't have the discipline for...
Some old stock market maxims and the last line from Kipling!
Only buy dips on the way up!
Never try to catch a falling knife (chase a stock in the wrong direction)
Never dance with the same lady twice ( don't return to a failed trade)
Be a contrarian only if you have patience (buy low sell high)
Don't get emotionally attached to a stock
Always leave some for the next man
A profit is only when you bank it
Never risk more than you can afford to loose
It's the mistakes that teach you to be a better investor!
Remember the Stock Market is a device to transfer wealth to the patient!
IF If you can keep your head when all about you are losing theirs you'll be a trader my son!

[hawaly] 05/2/2019 08:56

What gotnorolex means is that some charts will keep going down and down - no short term or medium term recovery; losses will just keep growing and eventually force a capitulation.

[11_percent] 05/2/2019 08:30

gotnorolex
4 Feb '19 - 22:31 - 449 of 450
0 0 0
Buying dips is different to buying drops in the belief of averaging!
Learnt the hard way a long time ago with Woolworths whom I thought were invincible!

==============
gnr,

Not sure what you mean, can you give some detail.
Cheers.

[discodave4] 04/2/2019 23:55

What's your entry price?

[gotnorolex] 04/2/2019 22:31

Buying dips is different to buying drops in the belief of averaging!
Learnt the hard way a long time ago with Woolworths whom I thought were invincible!

[petewy] 04/2/2019 20:58

Know the feeling