Fevertree Drinks Share Discussion Threads

[porsche1945] 28/1/2020 09:49

The figures you mention only highlight what a crazy multiple this was on, the right multiple it would be on somewhere between 10 and 12 quid which is where it will end up.

[undervaluedassets] 28/1/2020 09:21

From final results for year to December 2017 (announced 13/03/18)

"Robust balance sheet with net cash at year end of GBP50.9m (2016: GBP26.9m)"

And from the trading update on 20/01/20

"The Group's balance sheet remains strong with the year-end cash position anticipated to be GBP128m."

Yup this company is clearly a total basket case and is about to go bust ..

[borg45] 27/1/2020 16:05

What like your Asos short at £20 how did that one work out for you ???

[hpcg] 27/1/2020 15:08

It depends on what you can't see, what isn't on the book. It is where brokers earn their corn, working out positions without cratering the price. One of the reasons candle stick bottoms form is that the market twigs that there are iceberg sells, and so doesn't buy, and that sellers care less about what they get for the remainder once they have worked out the majority of their holding. Big volume helps, but only if it goes into the hands of long term holders. Traders are just future supply.

[llama1978] 27/1/2020 14:16

Presumably if there is a massive buy then it saturates all those wishing to sell smaller amounts at a certain price and therefore the price should go up to those wanting to sell at slightly higher levels? That’s what I’d assumed anyway. And vice verse of course. Although price doesn’t seem to go up much on big buys.

[hpcg] 27/1/2020 13:51

Riostroy - oh yes, completely, but price action demonstrates that the people selling are price takers not price makers. Volume at or perhaps a bit below normal levels.

[dround87] 27/1/2020 11:23

Time for L&G super short ETF I think. Chris! You can now call me a shorter.

[dround87] 27/1/2020 11:11

Exactly. If MM are buying that's what it is. That said when people get excited about those massive "buys" or "sells" they could be just about anything. Which is why the share price doesn't react.

[aimingupward2] 27/1/2020 10:51

I don’t see it like that, Riostroy. It’s more like unsatisfactory goods being returned to the shop which then hopefully await a new buyer later.

[trt] 27/1/2020 10:45

£15 level breached next stop £10

[riostroy] 27/1/2020 10:43

Every sell is a buy - a simple principle of market

[hpcg] 27/1/2020 10:36

Market going to be starved of buyers today.

[riostroy] 27/1/2020 09:31

Terrible terrible situation - it will not going recover any time soon

[riostroy] 27/1/2020 08:26

Terribly low volume is going to kill SP

[dround87] 27/1/2020 08:15

FTSE taking a hammering today over coronavirus. Another Oct 2018 in the making. High multiples will be hit hardest as always. Terrible timing for fever.

[traderglt] 26/1/2020 16:05

Do the Double Dutch - tonics now in Waitrose

[hpcg] 25/1/2020 12:00

Exactly correct suetballs. Meanwhile there will be those that think 'averaging down' is something real, as if new purchases can somehow make old purchases cheaper.

[t 34] 25/1/2020 10:41

Good to see your investment in gvc .

[suetballs] 25/1/2020 10:03

Thanks.
Used funds to top up gvc kape and xpp.
Theory - ditch the losers and run the winners.
But as you rightly say it could be out of the frying pan into the fire!
Suet

[lopans] 25/1/2020 09:31

Thanks for letting us all know. Good luck in recouping your losses elsewhere. You could loose more in another stock. Good luck anyway