Funding Circle Share Discussion Threads

[qs99] 28/6/2024 10:27

Will we see back of £1 today? Nice end to the week if so. DYOR

[bigbigdave] 28/6/2024 06:40

And again 98p highest price

[pre] 26/6/2024 17:39

Super stuff

[bigbigdave] 26/6/2024 17:23

Another buy back 95p

[pre] 26/6/2024 17:08

hpcg - beg to differ, as yesterday buys were well above sells and mm's pulled this right back, so nothing is always as simple as it seems when it comes to trading. Anyway i'm feeling better as its moving in the right direction:-)

[bigbigdave] 26/6/2024 17:01

Its a breakout anyway :o)

[hpcg] 26/6/2024 16:53

There is nothing weird about the price action. Sellers let it rise, because there is clearly some buying eagerness, then they ease in to offload some, then let it rise again. The buybacks work around that. Looks perfectly reasonable to me.

[pre] 26/6/2024 16:29

just a thought, judging by those large sells and weird price action (yesterday) and todays biggy sells. Management have done a great job with that sale as i think many were expecting a notional amount.

[qs99] 26/6/2024 16:25

agreed on that, why pre do you think it is being shorted?

Hopefully see back of a quid this week....DYOR

[hpcg] 26/6/2024 14:30

pre - there is zero likelihood of this being shorted. No one shorts cash rich companies with buy back programs. Really, no one. Much more likely are those that mechanically sell half of any share that has doubled. This is much more likely here. People sell all the time for assorted reasons. The presence of selling tells us nothing about the future discounted cash flows of the company and its future prospects in general.

[qs99] 26/6/2024 14:29

Just need to soak up those sells

EV/future EBITDA should be v. attractive, new USA cash should allow further buy backs, and the UK EBITDA forecasts should IMO start to get reflected in the underlying value of the equity & rating....let's see, DYOR

[edmate] 26/6/2024 14:15

Yep. Trickling down after great start of day. Seller around at 95-100??

[pre] 26/6/2024 14:12

is this being shorted as same pattern as yesterday, annoying?

[qs99] 26/6/2024 12:23

nice one thanks mate

[bigbigdave] 26/6/2024 11:51

About 43 minutes in here QS99.........

[qs99] 26/6/2024 11:08

bigbigdave morning, would you mind sending a link to that please or highlight as can't see anything on my investor meet links? THanks

[pre] 26/6/2024 11:02

indeed, weird price action yseterday with traders in and out i guess, so let's see

[bigbigdave] 26/6/2024 10:40

Richard Staveley of Rockwood giving massive up for FCH on investormeetcompany, thinks they are going way higher.

[johnrxx99] 26/6/2024 10:26

Solid buying, lets hope it holds today after yesterdays traderfest.

I've always objected to buybacks v dividends but they do seem to lessen volatilty.

[hpcg] 26/6/2024 09:59

I would much much rather have the buy back. A buy back means liquidity every single trading day. A buy back means if I want to sell for any reason at all there is a buyer. A buy back encourages momentum in the chart, and investors like to buy charts going from bottom left to top right. Cash on the balance sheet is making money. I'd rather they invest in technology and the ongoing business.

[imjustdandy] 26/6/2024 09:49

Can't buy a bean again - straight into auction

[bigbigdave] 26/6/2024 09:32

Added this morning, just too cheap.

[imjustdandy] 26/6/2024 08:11

Could see 1.50 in double quick time depending on how they use the 200m cash

[imjustdandy] 26/6/2024 07:36

The transaction is expected to close by the end of June. We should get confirmation next week cash in bank but more importantly what they gonna do with the 200m now in the bank.