Venture Life Share Discussion Threads

[apad] 21/1/2017 09:02

IGG/RSW interims next week.
RSW back up to this-time-last-year prices. Need something positive. However, my yield is very good (owned since 2008/9) so there is not much incentive to trade and currency movements should be on their side.
IGG will be interesting - maybe a maintained divi will be the big indicator. I reckon they will be looking for something good to say.
apad

[apad] 20/1/2017 20:10

dacian

The finnish folks don't do management theatre!



apad

[janeann] 20/1/2017 16:09

apad - I couldnt say I understand it, but I can see why it has potential. And would you expect them to explain how their software works? - too commercially sensitive in my view.

ps results Tuesday - will be intersting given the recent movements

[apad] 20/1/2017 16:03

janeann,
This might well be a valuable insight on PRSM and that I don't understand it is my problem.
What I can't cope with is that they don't discuss how their software works.
But that's my problem :-)
apad

[piedro] 20/1/2017 15:57

FWIW ...

Trump deficits will be huge
Peter Schiff - Euro Pacific Capital

[janeann] 20/1/2017 15:46

PRSM - I see part of the edge being they are at the leading edge of this, have many highly significant partnerships and have road tested it with many high profile business.

The following from the Admission Document may help -

`The Group is a leader in RPA, supplying a Virtual Workforce powered by Software Robots that are trained to automate routine back-office clerical tasks. The Group’s enterprise-grade software enables the automation of manual, rules-based, administrative processes to create a more agile, cost effective and accurate back-office.
The Group launched a commercial version of its software product in 2008 and spent four years developing the software with a number of blue-chip customers, including Barclays Bank, Co-operative Banking Group, Telefónica O2, RWE npower and Shop Direct. These referenceable enterprise-scale deployments have demonstrated the compliance, resilience, repeatability, scalability and security of Blue Prism’s software. The Directors believe that the completion of this industrialisation process has created a significant barrier to entry`.

[apad] 20/1/2017 15:34

No red on the spreadsheet. I love it.

apad

[apad] 20/1/2017 15:33

Top ten holdings:
FEVR
BOO
ABC
RSW
BVXP
PRV
TSTL
ROR
SPX
SOU

[apad] 20/1/2017 15:24

dacian, I don't see FARN as a blue sky biotech, like many. More as a straightforward drug development roulette wheel stock. FWIW.
Interesting about BVXP. Ta!

I've been polishing up my prejudices and distorted viewpoints about some of the small caps discussed here.
PRSM. I see what they do, but I don't see how they do it and why they have an edge. Easily bored with that one.
PVG seem to have hit a sweet spot with the pet&vet brigade, unlike some others. Too late to appreciate the story.
FREE is startling. Looked at the founders and workers. Goodness, this is going to be a rocket or a squib. I don't like software only small companies but this seems to be a bit different. Time with their website is well spent. Noted that they cater for DIY companies and have 'extras' for accountants. Must be a great place to work if you are of a certain type. Background of the chief founder is stunning. I suspect they might be able to challenge the big boys. Too much in the limelight for now.

red. SSE, long term. Into windmills, out of windmills. .gov screws up on green energy so applies pressure to the regulated industries to cut prices, just at the time when their borrowing costs soar. Income in £s. Don't like it one little bit!

Two screens and Uncrossing Trades - Aaaaarrrgh!

apad

[redartbmud] 20/1/2017 08:48

APAD

The share you love to hate - Gdwn.
Current quote 1815 - 1925. No trades, but prices have moved up substantially from a couple of days ago when the buying price was around 1850.

red

[redartbmud] 20/1/2017 08:36

Round 2
In the 1980's I was accountant for a stockbroker. In those days there was a dealing room and each broker had a monitor that listed each, for each stock, the Mm, the size that they deal and the spread. They gave firm prices for normal size at prices they were obliged to honour and an indicative price they they didn't have to honour for any size greater than the firm quote. Eg Firm price 20k shares indicative price 50k shares.
The broker put an order through to a dealer, who phoned the counter party to place the order.
Back in those days, they had exotic names like Durlacher and Barclays De Zoot Webb and suchlike.
Dealing was far more sedate.
Our dealers could/would negotiate deals within the spread, on a regular basis, for quantities outside of the firm size, often calling in favours at that time.
It was fascinating to watch the screen prices move, as each Mm adjusted price in relation to each other.
I once tried to but a small cap share with only two Mm's who only made an indicative price for a nominal number of shares, around 2k. One always had a buy/sell price 10p/share lower than the other.
The chief dealer was a good friend, and I stood with him when he tried to place the deal. On each occasion, the Mm declined my order and immediately raised the screen price, as we watched, which he then held for several days before lowering it again.
I tried a few times but never got the stock. Maybe it was a good thing as the stock was rarely traded.

Things have moved on immensely with the improved technology. We can now do deals from home. In those days even our brokers didn't place the trade. Life was far more sedate.

It did however, give me a flavour for the fact that the market often overreacts to some situations and therefore mis-prices regularly. It still happens with modern technology that is only as good as the underlying assumptions and the programmer. Spotting those situations, and taking advantage is what is important.

red

[janeann] 20/1/2017 08:12

Acso was volatile at the time hence watching it. Not sure I follow what you are saying about the dividend card? Unless you mean only buying a share only through the ex dividend date?

PRSM - unbelievable movement in the past week. from 5.30 down to 3.80 and nearly back !

[redartbmud] 20/1/2017 08:00

janeann

Well done.
Mm's have different prices but they are normally in line ie you do not find a situation where you can buy from one and immediately sell to another at a profit.
I have run two screens at times in the past, but I have never been fortunate enough to have a live price open at the time the market has mis-priced that share. Normally I have been looking at different data.
Once it becomes apparent, things do shut down until the books are adjusted.
In this modern, high tech day it is surprising that these things happen.
Since the desk top died of old age, I only use a single laptop now.

A few quid over dealing charges, and beating the market, is always welcome.
On a different tack, that is why I sometimes play the dividend card. I pick the share, having studied the historic moves. It isn't guaranteed, and it isn't vastly lucrative, but it is a bit of fun and it allows multi-use of the same capital that otherwise may sit in a portfolio as cash, or alternatively be sat in a share that is becalmed within a tight trading range and going nowhere.
The one potential problem is a sector, or general, market correction.
I hold a lot of SSE in my Sipp. I don't really want to keep buying and selling when a dividend is due, or paid, but I can make a bit extra on the side.
Every little helps - didn't a supermarket invent that slogan?

red

[janeann] 20/1/2017 07:40

red auction - thanks understand this better. and in fact at some point last year I did buy and sell acso simultaneously on 2 screens and made a small profit - only a few quid over dealing charges but it can done! In fact it was £2.10 profit over charges! At the time I assumed it was different mm's having different prices.

[redartbmud] 19/1/2017 22:29

dj

Thanks.

red

[djbilywiz] 19/1/2017 21:34

Even more on the humorous witching hour!https://en.m.wikipedia.org/wiki/Triple_witching_hour

[redartbmud] 19/1/2017 21:23

SSE

The dividend on 300 shares at 27.4p is £82.20
I have bought at £15.128466 = cost, including charges, £4570.18
If I sell at £15.29 = proceeds, including charges, £4578.25

The share price fell from the close, the day before, of £15.55 by approximately 42p to £15.13. In most cases, the share price recovers a significant proportion of the drop within a short space of time.
I therefore get my money back, and the equivalent dividend. Of course, I hope to get back a little more, and return my cash for another foray elsewhere.

On 21 Jan '16 the share price went xd for 26.9p.
The day before closing price was £13.85. It could be bought at a low of £13.29.
The highs in the next few days were:
22 Jan £13.90
25 Jan £13.95
26 Jan £14.07
27 Jan £14.32.

I am not saying that the share price is guaranteed to rise in similar terms in the next few days, but I hope that it will recover such that I make more than the dividend.
I already have a position in SSE and will get the dividend on my holding in due course. This will be an added extra.
If I need to hold for a few weeks then so be it.

Fingers crossed.

red

[discodave4] 19/1/2017 20:46

7798APADIt was the article I posted 7798 that caught my eye about FREE, didn't know PS liked them.The article mentioned signing up accountants as well as a High Street bank (RBS news today!).Only dipped my toe the other week.DD

[redartbmud] 19/1/2017 20:31

APAD

At the time I looked at live prices, the SSE quote was reversed, and dealing suspended, a situation similar to the one that happens automatically at the close of every day. Shares go into auction and deals take place and reported as UT (Uncrossing Trades).
During normal daily trading it is somehow possible for the buying price to become temporarily lower than the selling price, often when lots of trades are going through simultaneously. The market manages to get it's knickers in a twist, and is then termed 'disorderly'. At that point, the market is officially halted until the prices have been re-adjusted on the books of the market makers.
I don't know if the bots were in play at that time.
On H-L they insert a temporary paragraph in the header on the page, for the share in question, stating the basic facts - saying that the share cannot be traded at that time. That was the case with SSE when I logged in to buy.
It only lasted for a short time and I dealt at 12.16.56pm

Theoretically it should be possible, at that point, to make an instant profit buying from one dealer and selling simultaneously to another. In practice, I have never met anyone who has managed to do it.

You will be familiar with the Options Expiry Calendar, when all outstanding positions expire and settlement takes place. At about 10.00 am on the appointed quarter day, trading ceases in each share, with outstanding options due to expire, until all contracts are settled. At that time they cease trading, open the spread, and reverse the quote until all outstanding bargains are settled. The live quote then resumes but prices may re-open differently to the close. It is often termed the 'Witching Hour'.

I hope that helps.

red