Share tips thread
Discussion
Added to Nflx short big time @704. Think it's close to a top will hold this one for a while with room to add more short if it hits $720.
I know 1000's have called the top on this one but jumping up $20-$30 twice on news of a split is just ridiculous especially when it's already up some 100%, add to that shocking fundamentals and I just can't see who would want to buy it up here.
I know 1000's have called the top on this one but jumping up $20-$30 twice on news of a split is just ridiculous especially when it's already up some 100%, add to that shocking fundamentals and I just can't see who would want to buy it up here.
For anyone still following along...
"SLATER & GORDON. Down another 25% in Australia today. It has announced that it is being investigated by the Australian Securities and Investments Commission over errors in its reporting of UK cashflows. This relates to S&G's own business, not the business acquired from QPP (which is itself the subject of regulatory investigations). So, to summarise - a company with its own accounting issues and regulatory investigation is acquiring another company with accounting issues and a regulatory investigation. S&G shares now A$3.78 having raised A$890m at A$6.38/share under 2 months ago. Shares peaked at A$7.55 and now down 42% in just 4 trading days."
"SLATER & GORDON. Down another 25% in Australia today. It has announced that it is being investigated by the Australian Securities and Investments Commission over errors in its reporting of UK cashflows. This relates to S&G's own business, not the business acquired from QPP (which is itself the subject of regulatory investigations). So, to summarise - a company with its own accounting issues and regulatory investigation is acquiring another company with accounting issues and a regulatory investigation. S&G shares now A$3.78 having raised A$890m at A$6.38/share under 2 months ago. Shares peaked at A$7.55 and now down 42% in just 4 trading days."
Shnozz said:
I still have simply no idea why S&G paid what they did for QPP's legal business. I highlighted previously my views on the "value" of the deal and all the gaps that sat glaringly in terms of QPP's financial claims.
There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
If they are on their own accounting merrygoround to inflate their share price to enable acquisitions and big board payouts then they would have to value any QPP business at at least the same value as they are publicly valuing their business for risk of being questioned and the bubble bursting. There are, however, far more knowledgeable people than I, who would have access to information I do not, who must have conducted huge amounts of DD before the acquisition. It still makes no sense whatsoever to me...
Ergo, it's entirely feasible that a firm pays over the odds so as to justify their existing valuation.
Does anyone know how they paid for the QPP rubbish? Pure cash or a promise of future cash?
DonkeyApple said:
If they are on their own accounting merrygoround to inflate their share price to enable acquisitions and big board payouts then they would have to value any QPP business at at least the same value as they are publicly valuing their business for risk of being questioned and the bubble bursting.
Ergo, it's entirely feasible that a firm pays over the odds so as to justify their existing valuation.
Does anyone know how they paid for the QPP rubbish? Pure cash or a promise of future cash?
There is a lot of talk in the legal circle as to why such a vast sum was paid given the outwardly perceived "value" of the business in terms of asset value.Ergo, it's entirely feasible that a firm pays over the odds so as to justify their existing valuation.
Does anyone know how they paid for the QPP rubbish? Pure cash or a promise of future cash?
1. for the reasons you identify
2. a potential tax reimbursement regarding vast quantities of (to be) written off Work in Progress attached to swathes of deafness cases that are unmeritorious.
Either way, at the figures paid I can't believe that something isn't lurking in the undergrowth and it would hardly be the first time all is not what it appears.
DonkeyApple said:
Does anyone know how they paid for the QPP rubbish? Pure cash or a promise of future cash?
£637m in cold hard cash and deferred cash for 50% of smoke and mirrors.Sorry, I mean... "Deferred cash consideration of 50 per cent share of net fees from the settlement of NIHL cases transferred on completion (as at 29 March 2015, the Company was acting for clients in respect of approximately 53,000 NIHL cases)."
walm said:
DonkeyApple said:
Does anyone know how they paid for the QPP rubbish? Pure cash or a promise of future cash?
£637m in cold hard cash and deferred cash for 50% of smoke and mirrors.Sorry, I mean... "Deferred cash consideration of 50 per cent share of net fees from the settlement of NIHL cases transferred on completion (as at 29 March 2015, the Company was acting for clients in respect of approximately 53,000 NIHL cases)."
'Did you have a call from a greasy chimp promising to make you rich?'
Anyone else got Sirius Minerals (SXX). Planning approval narrowly won today for the mine near Whitby to extract the worlds largest potash (polyhaylite fertilizer) deposits.
Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
fausTVR said:
Anyone else got Sirius Minerals (SXX). Planning approval narrowly won today for the mine near Whitby to extract the worlds largest potash (polyhaylite fertilizer) deposits.
Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
I'm in, nothing massive but enjoyed the ride today. I'm no expert but people seem to be expecting 30-40p. The highest its ever traded is 32p so it seems reasonable (to me) that would be the minimum we'll see tomorrow. Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
I don't know much about SXX but I can tell you one thing: ignore the speculation, it's a surefire way to lose money.
So is AIM, but I doubt you will pay much attention until it happens a few times.
My share tip is look for a peak, ideally before "news" but too late now, and get out with a profit. That's up there with "never fight a land war in Asia".
So is AIM, but I doubt you will pay much attention until it happens a few times.
My share tip is look for a peak, ideally before "news" but too late now, and get out with a profit. That's up there with "never fight a land war in Asia".
scottri said:
fausTVR said:
Anyone else got Sirius Minerals (SXX). Planning approval narrowly won today for the mine near Whitby to extract the worlds largest potash (polyhaylite fertilizer) deposits.
Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
I'm in, nothing massive but enjoyed the ride today. I'm no expert but people seem to be expecting 30-40p. The highest its ever traded is 32p so it seems reasonable (to me) that would be the minimum we'll see tomorrow. Anyone have a view on what price it may open at tomorrow? I want to put a limit buy order on but at what price? Trading was suspended today for the planning meeting and as a total novice, I thought tomorrows opening price would lead on from the 15.5p it closed at monday. Not so it seems. All sorts of speculation of opening at 35p or more.
I know fundamentals may not be what floats your boat but I strongly recommend reading this:
http://brontecapital.blogspot.co.uk/2015/07/sirius...
walm said:
Chaps - I cannot stress how much respect I have for this guy.
I know fundamentals may not be what floats your boat but I strongly recommend reading this:
http://brontecapital.blogspot.co.uk/2015/07/sirius...
Is it you?I know fundamentals may not be what floats your boat but I strongly recommend reading this:
http://brontecapital.blogspot.co.uk/2015/07/sirius...
Do people look at the dividend the shares are going to pay or just how much they might increase by ?
Most topics just seem to be discussing whether they are going to go up in value.
Surely of equal importance is how much you might make of the dividends paid ?
Also how do you know what the dividends are, where do you get this from ?
Most topics just seem to be discussing whether they are going to go up in value.
Surely of equal importance is how much you might make of the dividends paid ?
Also how do you know what the dividends are, where do you get this from ?
- yes, complete novice*
Thanks for that.
So in one of the examples e.g.
OXF Oxford Technology 4 VCT Main Market 65p 10p 15.38% 30-JunView Dividend Announcement 09-Jul 07-Aug
It is saying that if you buy shares before the 9th July it is going to pay a dividend of 10p per share payable on the 7th August ? But when the market opens the share price will also drop by 15.38% ?
So in one of the examples e.g.
OXF Oxford Technology 4 VCT Main Market 65p 10p 15.38% 30-JunView Dividend Announcement 09-Jul 07-Aug
It is saying that if you buy shares before the 9th July it is going to pay a dividend of 10p per share payable on the 7th August ? But when the market opens the share price will also drop by 15.38% ?
SimonTheSailor said:
Do people look at the dividend the shares are going to pay or just how much they might increase by ?
Most topics just seem to be discussing whether they are going to go up in value.
Surely of equal importance is how much you might make of the dividends paid ?
Also how do you know what the dividends are, where do you get this from ?
Dividend growth is a key metric by which to assess a company's financial performance and forecast.Most topics just seem to be discussing whether they are going to go up in value.
Surely of equal importance is how much you might make of the dividends paid ?
Also how do you know what the dividends are, where do you get this from ?
- yes, complete novice*
Equally, it is worth remembering that divis are entirely discretionary and can be foregone entirely.
Beware the oft observed trap of high yeilds as these can indicate significant risk, ensure adequate div cover when tempted by these.
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