Valirx Share Discussion Threads

[412069] 07/7/2021 13:18

Tburns

By months end for me.

[chesty1] 07/7/2021 12:41

classic p&d

[rainmaker] 07/7/2021 10:24

There are big advantages and benefits for Stockmarket Investors dealing in good size in using Direct Market Access(DMA) which is particularly useful in smaller Company shares, with wider spreads and where you'll find the overwhelming majority of Value Shares. You'll firstly need professional status which means that you have to satisfy any two of the following 3 criteria-

1)That on average you have transacted 10 trades a quarter of "significant size" in each of the last four successive quarters.I'm sorry that this is highly subjective- no one has ever quantified this.Having given this some thought since my original post, I would say if you're dealing in amounts of at least £3k/£4k per trade or more you could successfully argue you are dealing in "significant size" so if you're averaging roughly three or 4 such deals a month then you will qualify providing you have done 40 or more deals over 12 months and the per quarter average is at least 10.

2)A years experience working in a similar financial market.

3)A portfolio of at least 500k Euro, that's about £425,000

If you can pass any two of these then you will qualify for DMA which will allow you to bypass market markers and their spreads and enter your own orders directly onto the LSE Electronic Order Book so you potentially purchase at the bid price and sell at the offer price which is clearly a big advantage. Furthermore with DMA you are charged per trade typically £8 rather than having to pay say 1% of the contract value through a execution only discount broker. So if you buy 10,000 shares at £1 in one trade, you pay £8 instead of £100 in commission through an execution only discount Broker charging 1%-that's a big saving in commission but course you also hopefully save on buying at the bid price and not paying the spread!




Saxo Bank who have not been included offer DMA.

regards

[investorsiba] 06/7/2021 17:34

Shore Capital's forecasts specifically from their last note on 26th May - remember that the current year ends in less than 3 months' time:

to 30/9/21 : PBT £12.9m, 6.6p EPS, 1.5p dividend
to 30/9/22 : PBT £15.4m, 7.8p EPS, 2p dividend

On an imminent P/E of 10.1 I'd suggest SUR are already well into bargain territory.

Stolen from another poster

Having a tough time atm due to a large seller

[rainmaker] 06/7/2021 17:25

I apologise, I probably should know them but I don't. Are they a Value share?

regards

[investorsiba] 06/7/2021 17:13

Rainmaker any thoughts on sureserve ?

[rainmaker] 06/7/2021 17:09

For anyone holding or has an interest, fashion retailer, French Connection(FCCN), 18.70p/18.85p currently subject to bid interest from three separate parties are due a trading statement this month. Last years was on 24/7/2020. You would think that current trading would be good, April's retail sales were the best since August last year. A constant stream of selling from impatient holders has kept the share price under pressure. IMHO a bid was never going to come quickly, the CEO, founder and 41% shareholder apparently rejected a 42p a share last January and he obviously, and very reasonably wants a lot more. I calculate French Connection's intrinsic value to be circa 120p a share(its not that difficult to work out) and of course no one will pay anything like that in the current economic climate and with FC's current trading performance unless someone makes a move and they go into play. FC have a valuable brand and IMHO is worth a great deal more than the current share price-just ask DFS.

AIMHO, DYOR as I have done mine.

regards

[rainmaker] 06/7/2021 14:05

Re Cenkos(CNKS)

Rainmaker2 Jul '21 - 14:18 - 3861 of 3875 Edit

I'm almost certainly in a minority, in thinking that Cenkos Securities at current prices, is a great opportunity but that doesn't bother me as you can't obtain market beating returns by agreeing with the consensus. You just have to think and act independently, think about what makes sense and try to base you opinions on facts.


Rainmaker2 Jul '21 - 15:08 - 3863 of 3875 Edit

Thanks Brucie, IMHO you shouldn't be in a hurry to sell, wouldn't you rather sell at 240p or 360p than 120p? Just leave it as you make the really serious money in the Stockmarket by sleeping and doing nothing. Warren Buffett never became the worlds richest man through day trading!

regards

Thanks Ken, I believe as a long standing Stockmarket Value Investor, its very important to think logically and rationally with sound reasoning,think long term and try to base your decisions on hard facts and to ignore short term news or lack of news eg IPOs which I consider to be "noise" and an unwelcome distraction but this noise sometimes creates great opportunities.

I am reminded of the Warren Buffett quote "To a Man with a Hammer everything looks like a Nail". I can't blame anyone checking new IPOs on a daily basis because you have access to that information and you're a shareholder and you're naturally interested in this Company's progress but I believe its dangerous to do so since you are studying the short term in detail and isolation when its the long term trend that matters. With an outstanding trading history, I believe that you have to put your faith and trust in the Company's long term track record and give them the benefit of the doubt. I think they have earned that right.

Try to focus on a £1 coin that you have bought for a 50 pence piece and be very tenacious and determined to sell at its true worth.


regards


Rainmaker2 Jul '21 - 16:38 - 3868 of 3875 Edit

I think Cenkos previous problems makes sense, if you understand that IPOs dried up when we had the shock EU referendum vote to leave in June 2016(freedom day, that was a great day!) it created enormous doubt and uncertainty then there was a petition with 3mln+ signatorees for another vote to reverse the decision then you had PM Teresa May going to the Country to increase her majority and flopping then trying and failing to get acts through parliament. Its very understandable that Companies would not want to come to the market with this incredible uncertainty and no trade deal, are we staying or leaving the EU and if so when and on what terms and conditions?

I think its very important that Investors understand Companies and their markets and the various factors impacting upon their trading performance.

regards

Rainmaker2 Jul '21 - 18:46 - 3869 of 3875 Edit

Re technical analysis, IMHO fundamentals are the absolute king, no question. I believe Cenkos corporate finance department that deals with IPOs, the bulk of the business and the main profit driver at approx 75% of turnover, has a very bright future and as I expected, we have struck a trade deal with the EU(with a large trade surplus with the UK, they couldn't afford not to)and Covid 19 virus is now under control so I'm confident about Cenkos prospects.

I know technical analysis inside out, as I have been using it for a number of years and I will use it when appropriate and relevant as I find it useful for timing trades and spotting confirmation of opportunities that the Market will miss. For example I have numerous holdings in Hong Kong stock exchange listed business where for several reasons, I expected a substantial rise in the share price. The share price of this Company was trading at historically very low levels, bumping along the bottom with little interest and small daily volume then one day, it broke into new low ground but then rallied to close above the previous day's high-what technicians refer to as a key or acute reversal, a powerful technical indicator that a sudden trend reversal is imminent and it did it on, and was validated by, so called "explosive" volume, 4 times the three month daily average and I immediately starting buying and within a few days or so, the share price had doubled and a month to six weeks it had gone up three fold........

regards

Rainmaker2 Jul '21 - 19:59 - 3871 of 3875 Edit

Hi QuePassa, if you're a holder IMHO you just have to stick with it. "buy low, sell high" as the old Wall Street adage goes, simple in theory but more difficult in practice.Presumably you've done the first bit now you just have to wait and be patient for the company's performance to return to more typical levels of trading activity. Under normal market conditions Cenkos is an excellent Company but they've had external problems that are not of their making but now they've overcome them and IMHO their outlook is bright. IMHO you just need to give them time and not be frightened,bored,distracted, frustrated or misled into liquidating your holding because IMHO they're worth a great deal more than their current share price and all you have to do is wait.

If you're not familiar with Ben Graham's entertaining allegory(a story with a bigger meaning) "Mr Market" I would definitely have a read, as it will be a revelation and change your whole outlook and attitude towards the Stockmarket. Let me try to find a copy and post it here.

Good Luck

regards

[tburns] 06/7/2021 08:16

How long do you reckon 412?

[412069] 06/7/2021 08:11

Looking good, next news 201 deal.

[uknighted] 06/7/2021 07:08

RNS Patent Status Update.

[nico115] 02/7/2021 21:17

Thx v much

[rainmaker] 02/7/2021 14:03

Re Cenkos Securities(CNKS) currently 77p bid, 82p offered.

Hi Ken, I share your concerns but I really think we all have to give Cenkos the benefit of the doubt. I say have faith and let their track record speak for itself as they have raised some £21bln in funding for Companies and returned 278p+ a share to shareholders over the years so I'm not watching new IPOs on a daily or weekly basis but rather thinking longer term and understanding that at current levels, after stripping out its £32.7mln net cash, you're paying the equivalent of just £11mln for a Company that made £30mln pre tax profits in 2015 and £23mln 2016 before Brexit induced paralysis took hold and IPOs dried up.

IMHO paying circa £11mln for a business that is capable of making £30mln in a year, that's really some deal.Make no mistake Cenkos IMHO is an outstanding business, in previous years it has consistently return on capital employed in the 60%s and the Brexit fiasco has conspired to create a lovely opportunity. Cenkos had their first ever lose a few yearts ago but under normal market conditions this is a very profitable business that throws off cash.Of course, now we have agreed a trade deal with the EU at the end of last year, IPOs are back with a bang and we had the best start to a year since 2007. In my estimation, the AIM in which which Cenkos are a leading Broker will always have strong demand from Companies for listings due to much lower barriers to entry, sharply reduced running costs and light touch regulation.


Good luck with whatever you decide to do.

AIMHO, DYOR as I have done mine

regards

[dope007] 02/7/2021 12:28

Don't trade it. Just hold and add on the drops. Like all aim stocks traders trade it between price points on a repeat basis. News will move that price point permanently

[keremjj] 02/7/2021 10:34

One f...day, where these sells coming from, we all see there is huge potential and some people seen different side of this company i think, who knows more then us.... close friends MM or insider..... who knows, they jumped in when it's dropped to 18, now they sold, Check the numbers.....

[lagansider] 02/7/2021 08:33

While there are traders dipping in and out, I think increasingly the free float is decreasing as more shares are being held by investors with a longer view.

[412069] 02/7/2021 08:16

With ease today, no stock around at these prices.

[nico115] 02/7/2021 08:16

Mkt cap 12m Should be 36m and still would'nt be expensive Crazy

[nico115] 02/7/2021 08:07

22p plus close I can feeeeel it

[412069] 01/7/2021 16:40

The 20% brigade with no cash just trading and hoping for a quick buck.

[nico115] 01/7/2021 16:33

Idiots selling mkt cap of 12m Madness beyond

[412069] 01/7/2021 16:09

Looks solid again now for the coming weeks.

[wapper] 01/7/2021 16:09

Woke up again. One of these days a break above 20p will be sustained. Patience needed here.