Network Share Discussion Threads

[tradertrev] 28/10/2021 09:21

Would be interested to know what the bear case is here. Share price action is very weird. Suspect management and the corporate broker need to spend a bit more time communicating the investment case to find some more II supporters.

[brain smiley] 28/10/2021 09:15

Can't see any broker downgrades. Hope the shorters aren't back.

[jsg123] 28/10/2021 08:32

Does anyone find the share price activity from 4pm yesterday really suspicious?
Decent update, steady movement all day either side of 370, then 4pm loses 5% on no volume and the sells appear to be in the hundreds from 4pm.
I find it so corrupt that this is allowed to happen.

[brain smiley] 29/9/2021 16:27

Perhaps a company/private equity firm based in the Gulf might fancy a take over?

[jsg123] 29/9/2021 11:49

Market seems neither overwhelmed nor underwhelmed by todays announcement. Seems improved guidance for 2022 yet no reaction.
Do people think this may be MMs waiting until after the capital markets presentation this afternoon?

[jsg123] 28/9/2021 13:07

Still no sign of completing the DPO deal, seems to be going on for ages now.
Possible issues with regulatory approval in final country.
Would require an RNS anyway so can't imagine they are waiting until tomorrow to announce, but you never know.

[tradertrev] 08/9/2021 15:41

One year on and with DPO stated to have traded above expectations, I suspect that the deal metrics look quite different now. Back in July 2020 they said the deal would be "broadly EPS neutral in 2022".
Would be great if they can now say they expect the deal to enhance EPS in 2022, though I have nothing beyond management commentary to back up such a suggestion.

[jsg123] 08/9/2021 15:14

This share price performance has been baffling me of late. Same company seems to be shorting and also hold a position.
Not sure how the markets will react when it completes, they didn't react positively when announced last July.
As you say, they must be confident, as was supposed to complete in the previous quarter. So strange how one day it opens at 396 and then within minutes down to 370.

[tradertrev] 08/9/2021 09:26

Given today's RNS, it would be very strange to hold this CMD on 29th September without having completed the DPO acquisition. They must be very confident that it will complete in line with the comments in their interim report.

[brain smiley] 18/8/2021 11:27

Good results;company very bullish.Business recovering strongly - share price reaction very hard to predict!

[brain smiley] 01/6/2021 22:00

Need to get tourists back to UAE annd spending to get that side of the business improving.

[tradertrev] 01/6/2021 17:47

...hopefully

[tradertrev] 01/6/2021 17:47

DPO acquisition is due to complete in the second quarter, so it's this month folks....

[tradertrev] 09/3/2021 09:42

That's quite some reaction to results and outlook.
So it appears that agreeing to buy a company where two long-departed former employees had previously worked for Wirecard in the dim and distant past wasn't so important after all. Who knew?
Shadowfall, Dark Destroyer or whatever you call yourself, where are you now?
Anyone seen any broker forecasts or target prices at all?

[bigdazzlerreturns] 24/2/2021 22:29

Well price is breaking the downward weekly trendline from early feb 2020. However I do accept this is only a weak trendline line as it only as the two highs as the touch point. Two points is never a valid trendline on its own but at the very least it shows a decline in momentum for the down trend.

Secondly the weekly 11ema has crossed above the 21ema so it’s all looking very positive on the weekly chart imo. Hopefully we can have a good spring and summer pride rise.

I’m personally a bull for netw.

[sphere25] 24/2/2021 12:16

Well done tradertrev,

You're on the right side of the short term trade and shorts now have alot more food for thought with the price now testing 400p. I have been watching from the sidelines, but we can see just how much trouble the shorts could have been in if this was targeted as a short squeeze as per recent topical shares.

It hasn't taken much volume to cause the move up and today's price move of near 7% is on only 234k shares. It's just another example of how perilous shorting is in this market. Their time will no doubt come, but it doesn't matter in the near term what people think about valuations. or whether there is some suspect bombshell to follow etc.

By the time it happens or doesn't happen, you've entered ClobberVille and get absolutely creamed on the short side in this market. You're better off capitulating early or having a stop in place.

I trade long nearly all the time. I've had a look at a few shorts in this frothy market but still thought...

I'm going to get killed even if I'm right longer term. What's the point of that and standing in the way of a freight train towing a ship that is towing a Dreamliner downhill so errr yeah....stick to the trends until they fall over.

Anyway. Still watching to see the end game here and what playbook the shorts now adopt here..

All imo
DYOR

[tradertrev] 24/2/2021 11:52

I hope this is a bit more than hopes of British tourists going back to Dubai! Suspect it will take something good to push through 400p.

[tradertrev] 22/2/2021 18:16

With results due on 8 March and the comment in the January trading update that the DPO acquisition should complete in Q1 2021, must be a chance that it happens on the same day? Been a long time since the initial deal announcement, meantime DPO has continued its fast growth.
Shares seem to have support from the (currently rising) 50 DMA and resistance around 372p. Upcoming news could move the shares out of the current trading range.
Very interesting the shares were a strong market on reasonable volume today in a weak market for growth shares.

[sphere25] 09/2/2021 18:25

In light of recent short movement events, two shorts have flinched here and are covering now. You can see the notable volume activity coming in here too so I suspect there is more short covering going on.

I think they know this share could easily be targetted with them being on the wrong end of a squeeze. It's a shame the short movement are so early stage because they could have caused alot of anxiety here!

Nonetheless, two are covering and it remains to be seen if the other shorts will follow suit and scamper out now also. These movements are sending real ripples through the shorting industry, so many big names are giving in or scaling back including Citadel and Muddy Waters.

Many shorters say they fear for their wellbeing and lives too. It's actually got too intense at times. It should never go that far. We might not agree with shorting but it doesn't mean going to extremes.

I embrace shorters. Everybody plays markets differently and they are a fixture of the market mechanics. Used to hate them in the early days, and it's never nice when they're involved in a share you own, but over time you learn to focus on finding a profitable strategy with all market participants involved (regardless of their views) and keep the focus to that, rather than putting unnecessary focus or hate into particular market participants.

It just becomes a distraction that from your own focus and can result in an adverse affect on your performance. Alot of this trading is psychological. Whoever holds it together the best, will come out the best.

All imo
DYOR

[bigdazzlerreturns] 27/1/2021 19:18

Yes very interested in how this behaves over next few trading sessions.

I have held this since Sept so personally i would love a short squeeze.

[sphere25] 27/1/2021 09:37

Market appears to be going after the highly shorted shares with big moves in CINE, PSON and PFC today. The squeezes in the US have clearly triggered some form of knock on effect. Interested to see how this develops and whether the shorts in the UK based shares flinch to a larger extent.

Called this one substantial risk for the longs but it could now be a case of even bigger risk for the shorts.

Will they flinch here and begin to cover?

Time to get more popcorn out!

All imo
DYOR

[sphere25] 20/1/2021 11:09

Could we see a Tesla like spike here? Who knows.

Tesla looks well ahead of where it should be and interesting that Michael Burry (The Big Short) has been shorting very recently calling for a monstrous crash there.

But what do valuations matter in some of these hyped areas in a market like this? I'm on guard but it just seems a case of "Hell, who gives a hoot!" at the moment.

As for NETW, I'm unsure of this one so happy to sit it out and watch. Interesting to note that the Capital Group continue to be aggressive buyers. They are essentially buying through all the shorts being fed into the market as well as ordinary sellers.

The 15.22% position is now too big to unwind so that's an all in type of play versus the shorts - certainly putting their money where their mouths are. Wonder how much they are willing to buy and whether it is a play on trying to squeeze the shorts.

It's almost a given there will inevitably be some explosive moves here one way or the other.

A fascinating popcorn watch (hell yeah the bore'o'meter goes that far up!)

All imo
DYOR

[tradertrev] 15/1/2021 18:36

Yes but far greater conviction by the longs, who outnumber the shorts many-fold. Shorters don't get it right always - I've heard about a little company called Tesla? Ruining a few careers that one.