Ffi Share Discussion Threads

[tsmith2] 05/10/2018 08:50

Overhang cleared

[eentweedrie] 05/10/2018 08:40

yep looks like it

[the big fella] 05/10/2018 08:40

I have spoken with one of my brokers and the best offer they can get is 70k @ 37p.

[dave4545] 05/10/2018 08:35

Cannot buy 2500 online

So atm no overhang, mm's against pi's again

[the big fella] 05/10/2018 08:32

I reckon the momentum chasers wont pick this up until its over 40p. They will wait for a pull back, but if the overhang has cleared then that wont happen.

[dave4545] 05/10/2018 08:26

pireric

Everybody has a different motive for this stock. For me it's a overhang play and correction on the chart. I'm not in it for the long term and potential multi bagging
but can see a lovely gap up coming back to the 50-60p range which would do me nicely

[pireric] 05/10/2018 08:22

Why worry about a pence or two where this is trading though. If the market starts to believe the story, then we really are looking at levels starting with a 6 or higher within 12 months time.

[someuwin] 05/10/2018 08:22

Can currently buy £3k online. But not £4k.

[eentweedrie] 05/10/2018 08:15

Great start!

[dave4545] 05/10/2018 08:05

Looking promising, full 34p to buy and not offering much at all

[dave4545] 05/10/2018 07:56

Bid is up 1p pre market makes a change, perhaps overhang is close to clearing

[greenroom78] 04/10/2018 21:32

I assume Ron has bought now given the negativity has ended?

[dan_the_epic] 04/10/2018 20:29

I get the feeling the overhang is beginning to clear and might just be a matter of days now. Plus if it does clear, will attract momentum traders who will see the clear value

Daft to sell below 50p IMO

[stemis] 04/10/2018 20:13

SteMIS, perhaps the market knows more than you do? Even if not, remember the old adage that the market can stay irrational longer than you can stay solvent because it is the market which will cause the share price to rise.

I know that the reason FFI seems to be trading on a P/E of 43 is because it's EPS is depressed by $10.7m of one off IPO and acquisition costs. Strip those out and it's more like a P/E of 5 dropping to as low as 4.5 if you believe the upper end of the company's forecast...

[dave4545] 04/10/2018 19:52

epo

Whatever price the last uncrossing trade was done at is the mid price the stock will close at.

That is 33.40p, the closing spread was 31-34p or 32.5p mid price

So tomorrow the price will open down 0.9p but again at 32.5p or 31-34p unless there
is news or a mm opens at a different price

[dave4545] 04/10/2018 19:49

When I go back over the years and think about my best gains I'd say 90% of them are with overhang plays.

Nothing wrong with the stocks just distressed funds that have decided to bail forany old reason. If it was not for them you not get in great value stocks for bargain prices.

I was alone on the HVO thread when it was 15-17p saying it was good value, low volumes and a massive seller, then the volume came and it got cleared, go and look at the chart. In June 2018 it was 17p in July it touched 110p intraday helped of course by positive news.

[epo001] 04/10/2018 19:43

SteMIS, perhaps the market knows more than you do? Even if not, remember the old adage that the market can stay irrational longer than you can stay solvent because it is the market which will cause the share price to rise.

I put in an after hours limit buy at 30.5p, iWeb are showing an indicative price of 30p even though the closing range was 31-34. We will see in the morning.

[pireric] 04/10/2018 19:12

I've added materially to my position today :0)

[dave4545] 04/10/2018 15:24

31.5-33.25p now online

The buying continues and so does the overhang although the buy price has moved up a little today

[stemis] 04/10/2018 14:44

"Please enlighten me as to how this is good value. After falling off a cliff twice and with a valuation at 20% of a year ago, the PE is 43".

I do hope this is the view of the market because if it is then it would explain why the share price is where it is....and why the market has got it completely wrong.

[pireric] 04/10/2018 14:07

You're looking at trailing adjusted net income, which ironically is unadjusted for IPO costs. The low end of forward guidance by management is for $20m of ebit, translating to a PE <5. Adjusted earnings per share last year was 8.32 cents

[epo001] 04/10/2018 14:02

Please enlighten me as to how this is good value. After falling off a cliff twice and with a valuation at 20% of a year ago, the PE is 43. In contrast, GAW which has done quite nicely over the last year has a PE of 21.

[dave4545] 04/10/2018 08:54

Morning

Online is almost a penny inside both ways from the 31-34p quoted monitor spread

31.9-33p

Think I will take the day off. Looks like a quiet one, hope to be surprised when
I return