London Capital Hldgs Share Discussion Threads

[dusseldorf] 05/9/2017 12:21

thenighthawk - how easily could LCG get back into institutional FX ? surely you have take business from an already established business as all instis will already have a mechanism in play. I guess you need a USP, or perhaps tighter dealing spreads and lower costs. Diversifying revenue stream would be a good idea.

[thenighthawk] 04/9/2017 15:11

I think LCG is a strong buy. The cash burning is over, turn around is at the front door and Charles-Henri Sabet will be profitable next year - or maybe even before!

From what I hear, the company is checking again a move back into institutional FX business.

Now, institutional business is where the money can be made without huge marketing costs and regulatory hustle.

I don´t think the stock will stay below 2.50 for a long time....

The Nighthawk

[aleman] 04/9/2017 13:54

More interesting trades. 3 auctions today - so far. I must admit I am starting to get curious about what is going on behind the scenes, here.

[aleman] 25/8/2017 21:47

It depends what was agreed with the MM. I've seen them take round numbers of shares before. (I've just noticed it was actually 71,000.) For the second the be a correction, the first would usually reappear as OC - a cancelled ordinary trade.

[dusseldorf] 25/8/2017 17:38

70000 is too round, looks to me like 1st record was incorrect and 2nd record was a correction

[aleman] 25/8/2017 15:36

The other side of that trade has gone through. It looks like a trade has been put through the market at a 2.05p price, decided off-market, with the brokers taking 70,000 shares in commission.

[domple] 25/8/2017 08:20

hopefully, when it clears we will go back up.

[dusseldorf] 25/8/2017 06:55

£23k trade reported as delayed from yesterday @2.05p - listed as 'OK', which I assume is Ordinary Block Trade, typically used by Insti's.

[domple] 24/8/2017 13:37

Keeping these in the top drawer, waiting a good upturn.

[dusseldorf] 24/8/2017 12:29

I read that report - it's a taster of information but very thin. Need some comparisons.

Spent 30 mins doing this (source: pro.similarweb.com):

May 2017
LCG 440k IG 7.2m (Monthly)
LCG 121k IG 1.557m (unique)
LCG 5.2% IG 94.7% (traffic split)

June 2017
LCG 575K IG 7.3m (Monthly)
LCG 174.5k IG 1.456m (unique)
LCG 6.1% IG 93.9% (traffic split)

July 2017
LCG 464k IG 7.0m (Monthly)
LCG 121k IG 1.385m (unique)
LCG 6.6% IG 93.4% (traffic split)

Different ways to paint it I guess, but I see:
LCG increasing it's %'age take of visitors from 5.2% > 6.6%
LCG increasing monthly visitors IG decreasing LCG up 5.5% vs. IG down 2.8%
LCG swinging more agressively (on visitor numbers) during peak activity 30% up, vs 1.3% up IG

..ok its just a snapshot, but who knows..

[dusseldorf] 24/8/2017 09:56

The bid is 2.5, the ask is 2.25p - MM's don't have a clue what they are doing

[domple] 24/8/2017 09:27

is this just a temp blip? odd movements but hey ho!

[dusseldorf] 24/8/2017 08:28

A bit of free coverage for LCG (a mention as an example broker who offers it):

[luckymouse] 23/8/2017 16:15

Cld be - the MMs do like to play poker games on L2 & also shuffle stock about
Just need a catalyst RNS here i wld have thgt

[dusseldorf] 23/8/2017 13:15

LuckyMouse - the larger volumes have only been sells - yet the bid goes up e.g. twice today to 2.5p where an UT uncrossing trade gets rid of it.

On the sell side, I can sell 375000@2.325 and yet I can buy (abeit in smaller quantities) for 2.3p. Seems to suggest the MM's are at differing ends of the order book and one is bidding.

[luckymouse] 23/8/2017 12:11

Dusseldorf - cld be the MMs might have some kind of automatic risk adjust on their books & pricing - so if mkt or sector twitches so does their quote. Just a guess

[domple] 22/8/2017 14:42

resembles a jump start. hope it can get the share price going.

[dusseldorf] 21/8/2017 13:02

Is anyone being approached to have stock placed with them via their broker? Just trying to work out why every day there are price 'blips' (e.g. 3x today) with minimal transactions - smacks of stock being placed, but volumes are minimal.

[dusseldorf] 16/8/2017 11:12

Another blip - might be my fault, I moved circa £5k into a stocks and shares ISA 2.25-2.26 was the transaction spread.

[domple] 16/8/2017 08:55

neat rise of 0.03 there for a moment!

[dusseldorf] 11/8/2017 16:08

Total 146 shareholders in LCG (nominees will hold multiple individual holdings)
Those holding 500k+ as per register 4th July 2017. Numbers have been rounded. Total in count 380,531,000 (Used to calc percentage)
NAME.........................HOLDING....% owned
Vidacos nominees.............306000000..80.41% (GLIO & Sabet)
Equiom Limited................12500000...3.28% (Who is this?)
Hargreaves lansdown nominees...8600000...2.26%
Aurora Nominees................6350000...1.67% (Pictet & Cie Geneva)
Stan Warinka...................5000000...1.31%
HSBC nominee...................4450000...1.17%
The Bank of New York Nominees..4100000...1.08%
BNY (OCS) nominees.............2800000...0.74%
Barclayshare nominees..........2800000...0.74%
Securities services nominees...2500000...0.66%
Lynchwood nominees.............2500000...0.66%
HSDL Nominees..................2500000...0.66%
Beafort Nominees...............2400000...0.63%
TD Direct......................2000000...0.53%
Huntress nominees..............1700000...0.45%
James Capel nominees...........1400000...0.37%
Lawshare.......................1200000...0.32%
Investor nominees..............1130000...0.30%
Cenkos nominees.................750000...0.20%
Principal nomiees...............650000...0.17%
Private holder Shevaun..........500000...0.13%
Cantor Fitzgerald...............500000...0.13%
Nomura nominees.................500000...0.13%
Aurum Nominees..................500000...0.13%
Others...................................1.89%
TOTAL...................................100.00%

[dusseldorf] 11/8/2017 09:28

Some food for thought, lets assume LCG can make a profit %'age on a par with peers

Name: LCG turnover 23m mcap 9m
Company..Price...Mcap...Rev...Profit..RevX...McapX..LCGrevX...profitx...profit %
IG.......640p....2350m..518m..169m....22x....261x...1200%.....14x.......32%
Plus.....820p....943m...252m..90m.....11x....105x...950%......10.5x.....35%
CMC......145p....419m...185m..39m......8x.....49x...610%......10.7x.....21%

Revx - How many multiples of LCG revenue
Mcapx - How many multiples of LCG market cap
LCGrevX - How many times higher is co. valued off revenue vs. LCG
Profitx - What is the market cap multiple of profit
profit X - what is the profit as %'age of turnover

As an aside, the above seems to point out Plus is undervalued.

So, for my mid-term personal target of LCG trading at 6.25p (£25m mcap), I think the co needs circa:
- Revenue £32.5-37.5m (Not sure on impact of overhead reduction)
...leading to
- Profit of circa £5m

Does not seem unreasonable given the right conditions.

[aleman] 11/8/2017 08:08

The mad scramble to protect equity positions sends VIX soaring. Now, how else can one protect equity positions? Spread bet anyone?