Trustpilot Share Discussion Threads

[disc0dave46] 25/1/2024 15:39

Might need to tweak my rules! :)

[disc0dave46] 23/1/2024 14:31

Each to their own.

[hpcg] 22/1/2024 21:20

I'm not telling you or anyone how to invest. Every trade is 2 people making an opposing decision. I do think though that for a company and investment the style of Trustpilot momentum is very important, whether that is upward or downward. Were it to fill the gap I don't think it would be an investment at all; it would imply selling that isn't apparent right now. Buyers are eager to prise shares from holders hands, whilst sellers are putting up some resistance. So to my mind this is the next leg up and buying sooner makes a lot more sense than waiting for another pull back, either because it never comes, or because that would suggest at best another period of consolidation. The trading update was strong, and the absorption of the secondary placing in the market was a very good sign. If it turns out they aren't sufficient to move the share price upwards then I'm out.

[disc0dave46] 22/1/2024 14:37

“So dd, you would rather invest in a share whose price is going down? Interesting strategy”

Nope didn’t say that, but don’t want to buy a stock that’s gone up and technically is now overbought. Not to mention the massive gap that may or may not be filled at some point. Have no problem averaging up but as an entry price I prefer not to buy when overbought. Wouldn’t challenge anybody’s reasonings for buying or selling, their strategy is personal to them.

[hpcg] 22/1/2024 14:11

So dd, you would rather invest in a share whose price is going down? Interesting strategy. I'm increasing my position here, which I only entered recently, as the strength give me a lot of confidence. I expect to add higher.

[disc0dave46] 22/1/2024 10:58

Sod's Law!, as soon as I add something to my watch list it goes up.

[hpcg] 16/1/2024 07:32

Not in the sense a lot of PIs would interpret it. It´s the block sale of a remnant venture capital holding. Nothing to do with the company itself and only reported because they are an initial offerer of shares to the market.

[bigbigdave] 16/1/2024 07:04

Placing at 157p

[tole] 13/1/2024 20:41

Trustpilot gets five-star review from BerenbergConsumer review platform Trustpilot (TRST) has delivered five-star performance in 2023, proving the resilience of its business model, says Berenberg.Analyst Ciaran Donnelly retained his 'buy' recommendation and increased the target price from 160p to 200p on the stock, which was trading at 165p on Thursday.Full-year 2023 profits are expected to beat market forecasts, with earnings coming at the top end of expectations. The group also initiated a share buyback programme that could be worth up to £20m as part of plans to return excess capital to shareholders.'The key information is that adjusted Ebitda performance is expected to be above the top end of the range of expectations, with the implied performance 20% ahead of consensus,' said Donnelly.'Revenue was up by 17% in constant currency and 1% above consensus, total bookings were up by 16% in constant currency and 2% above consensus, and annual recurring revenue was up by 17% in constant current.'He said the figures highlighted 'the resilience of the business model and the value customers derive from Trustpilot'.

[mike24] 11/1/2024 09:03

looking good for 190 plus,
dyor

[babbler] 11/1/2024 08:34

Lovely stuff.

[babbler] 11/1/2024 08:18

Should see a nice run to 3 quid this year now IF they keep this up

[hpcg] 11/1/2024 08:15

Decent trading report. Perhaps the price is up with events, though the growth suggests it should grind higher. I'm only recently invested, and in a small way, so I've not got a grasp of the history yet, but I am pleased to see buy backs over dividends. I guess most of the investor base is from the US and that is what they advocate for where surplus cash not required for growth is concerned. I am minded to build out a larger position.

[mirfield] 11/1/2024 07:11

FY23 highlights -- Revenue +c.17% bookings +c. 16% and ARR +c.18% YoY at constant currency -- Reported Adjusted EBITDA(1) ahead of the top end of the range of market expectations(2) -- Net dollar retention rate resilient YoY at 99% (FY22: 100%) -- Our balance sheet remains strong, with our net cash balance increasing to $91m, reflecting strong cash generation in the period -- Separately announced share buy-back program of up to GBP20m (c.$25m)

[boozey] 28/12/2023 17:53

Closed above £1.50. Another milestone reached!

[mike24] 20/12/2023 23:23

footy had a blue day, but you would think the city could have seen this
dow dive, from 4.30pm, edit rest of markets now look all out of sync
ie fri close Bombay +229 HK --280
trst had quite a few plugs on adverts over exmas
dyor

[maximus57] 15/12/2023 16:42

Wow, that's some size of late trade here. Over 6mill, some serious interest indeed

[mike24] 14/12/2023 18:39

post 13 just 63p,

why could'nt we have been told of that target price six months ago??
190p is a 300% rise from july a rise from to-days price to 190p is by
comparison only 25% no guarantee yet it will get to that level

dyor

[strollingmolby] 11/12/2023 13:46

Thanks, 50p is quite an uplift

[boozey] 11/12/2023 13:33

SM: "JP Morgan raises Trustpilot price target to 190 from 140 pence - 'overweight'"

So the new price target is actually 190p not 180p as I originally stated - apologies for that.

[strollingmolby] 11/12/2023 12:08

Thanks, Boozey - do you know what it was raised from?

[boozey] 11/12/2023 11:43

JP Morgan raises price target to 180p

[strollingmolby] 07/12/2023 13:04

Good momentum here still, and a lovely bowl forming as it emerges into profit - long may it continue!

Looking forward to the trading update on 11 January.

[boozey] 29/11/2023 14:56

Long may they last. A prime takeover candidate.