Fairfx Share Discussion Threads

[mammyoko] 24/4/2019 16:18

Sold out this morning. Don't like the price action given that it would seem that all the good news is already in the market.

[discodave4] 24/4/2019 15:33

Hi mammy,You holding here?DD

[57eady eddie] 24/4/2019 15:10

Interesting because i bought some yesterday and it showed up as a sell. Hoping for a decent shift north with the results tomorrow. Does seem to be large volumes though.

[opodio] 24/4/2019 15:02

seems to be on Crystall Amber buy list. They have bought 28%

[sandoval] 24/4/2019 14:25

Doesn't seem to be on anyones buy list, that's for sure

[mammyoko] 24/4/2019 11:06

Some chunky sales in the last few days. This has been a leaky company before

[leeroy jenkins] 24/4/2019 08:14

View FairFX's talk at The Global Group UK Investor Show:

[nw99] 23/4/2019 09:48

Agreed USA is the next big thing

[57eady eddie] 23/4/2019 08:19

FY results are on Thursday. Hoping for some great news about the expansion into America too.

[mrnumpty] 22/4/2019 12:17

Gswredland . With regard to Small Company Share Watch and its share tips , don’t forget that the magazine bought FairFx for its Growth Portfolio 3 . Although I believe GP3 is only a shadow portfolio ( ie I don’t think the magazine actually buys the shares ) , it nonetheless consists those shares in which SCSW has the greatest confidence . From previous years , results could be tomorrow ( Tuesday 23/4/2019 ) ? . Do your own research .

[newtothisgame3] 20/4/2019 15:43

VIDEO #FFX

[gswredland] 18/4/2019 08:30

Thanks mrnumpty

[rathean] 17/4/2019 22:52

Indeterminate tbh, could retest recent lows circa 90 but otherwise a week or so until results and update on strategy, comments on US customers and potential expansion, exponential growth all eyes on margins more risk to the upside imo dyor ofc.

[aishah] 17/4/2019 21:29

Chart not healthy here imo.

[redartbmud] 17/4/2019 21:07

Trigger is 30%

[mrnumpty] 17/4/2019 20:52

My last post of today ( I promise ! ) . In my first post today , at 11.01 am , I referred to the flotation of Finable , which trades as Travelex . If one looks at the opening page on the website of Fair Fx , it seems that they offer far better currency rates than Travelex : whereas Fair Fx offers 1127.50 Euros for £ 1000 ( with no transaction fee ) , Travelex merely give 963.90 Euros ( with a transaction fee of 5.75% ) . Another reason to be cheerful : Crystal Amber have raised their holding on various occasions to the point that , according to the latest RNS on Fair Fx's web site ( dated 29/3/2019 ) , Crystal Amber now hold 24.07% ( I can't remember the point at which a major shareholder has to make a takeover bid , but 24.07% cannot be much below that , in other words Crystal Amber is now fully loaded ) . As I wrote earlier , I suspect that the recent selling is because , by pushing the share price to just below the psychologically important level of £ 1.00 , which many private investors would have chosen , the market makers have forced the automatic operation of stop losses .

[mrnumpty] 17/4/2019 20:30

gswredland . I agree : whilst SCSW are good , they are not invariably right . Two unfortunate tips in the last year by SCSW were Patisserie Valerie and Conviviality Retail . I held Kape until I was stop-lossed out at 92P , which was something of a relief as I felt some unease that there is one entity which owns the great majority of shares but which isn't on the board . Another concern regarding Kape was that there was no information on the Company's website about directors' share holdings and there were no photos of the directors . Personally , I have no such concerns about Fair Fx . If one looks at share transactions today for Fair Fx , they were all for fairly small amounts and all were just below £ 1.00 . Surely it is feasible that many private investors have set a stop-loss at £ 1.00 and that it is this which is triggering these sales of relatively small amounts ? Good luck all .

[gswredland] 17/4/2019 16:49

SCSW is very good
However they said KAPE could go vertical from about 100 about six months and its dropped. They don’t always get it right. I have a small holding here and was looking to add
A lot of selling here at the moment which is a bit worrying considering next week

[mrnumpty] 17/4/2019 15:55

Another error in my earlier text today : value of transactions by Fibablr / Travelex in 2018 was $ 114.5 bn ( NOT $ 124.5 bn , as I incorrectly wrote ) . Share price of FairFx is obviously disappointing at the moment , but I am certainly holding . The shares of the only other FX company in which I have a holding , namely Alpha FX , have , after a period of inactivity , started to increase nicely ( Alpha FX is not completely analogous to FairFx , as Alpha only deals with large business customers ) . As we know , and as my posts today have sought to show , FairFx has competitors . However , far more sophisticated investors than I have great faith in FairFx , such as Small Company Sgare Watch , which tipped the company only ten days ago at £ 1.02 . The SCSW article summarised by suggesting that there will soon be a positive RNS about progress in the USA . However , do your own research .

[sandoval] 17/4/2019 14:19

But the insti's were topping up recently and this has been going on too long not to be an insti.

[gswredland] 17/4/2019 13:03

Ah thank you
May explain this selling

[mrnumpty] 17/4/2019 11:11

Correction : spelling should be Finablr ( predictive texting and fat fingers ! ) .

[mrnumpty] 17/4/2019 11:01

Today’s ( Wednesday 17/4/19 ) Telegraph Business section reports on page 5 on a competitor floating on the LSE . Finable , which operates as Travelex , based in the United Arab Emirates , which in 2018 processed more than 150m transactions worth more than $ 124.5 bn , is to float on LSE . Travelex has about 23 million retail customers . This is a week after another UAE-based payments company , Network International , floated in a £ 2.1bn listing .

[rathean] 16/4/2019 16:18

Doubled up at 101.8. Mix of lth and short term play, roll on results.