starchaser2
13 Mar 2017
Re: Heading for 40 Interesting to note recent interest from Miton Group - now holding nearly 23%. This can only have the affect of reducing the free float for any new investors, assuming they hold for a sensible time! This may (possibly) make any upside move sharper IMHO.DYOR etc.Starchaser
Nice to Michu
13 Mar 2017
Re: Heading for 40 I think it would take a 'positive' RNS to get it to 40p WS. Positive doesn't have to be too positive granted.. just that they have steadied the ship.. indeed even anything with no further bad news is likely still positive from here.A lovely run up from 11.5 p so far and while I'm not disappointed about waiting to 14p to start buying I am disappointed with myself for not topping up more/more quickly between 15p and 18p .. I did my - likely- last top up at 20p this morning and have an average of 17.5p and will sit and watch now..( I'll likely put a stop for half the position at 17.5 p)There is of course a reasonable chance that the next RNS will be further negative - profit warnings come in threes type thing etc - and this may then get meullered again from here..so still very risky..bet accordingly etc..
winningstreak
13 Mar 2017
Heading for 40 Is this one heading for 40p? Looks a bit like it.... and not impossible, IMHO.ws
Nice to Michu
07 Mar 2017
hopefully back on the move up again so I just did a small top up at 17p and would do another at 18.5p if it were to move on to there..remains speculative betting of course...so DYOR
mantrova
03 Mar 2017
Rising 16p being asked my the mm's with 15.95p being paid.The highest ask is now 18p.Precious little stock being openly advertised - just a pitifully small total of 12500 shrs, ranging from 16p - 18p on each side of the bid/ask on show and those few come from the five mm's - each 2500 shrs.But, the NMS here is only 2000shrs! Also with only 48.5m shrs total, the free float is not that large and any significant buying is likely have a rapid and sharp effect.m
Nice to Michu
02 Mar 2017
Re: Cheap or going bust? I'm now in here to a small extent on the basis that from where this company was a year ago, even including a series of profit warnings, it's unlikely to go bust quickly and therefore they can steady the ship and that alone will see a decent jump back here...Also Paul Scott was good to me on Boohoo and so if he's in here he'll have done plenty of due diligence also...That said I've done little of my own diligence and see this as a speculative punt only Still very risky and DYOR
winningstreak
24 Feb 2017
Re: Cheap or going bust? Not going bust by the looks of it. A few bits of good news and this could be a multi-bagger, me thinks But as always, take care, take advice or DYOR.ws
mantrova
24 Feb 2017
Re: Cheap or going bust? Some decent buying going through today and so yesterday. The best ask is currently showing as 14p with 13.75p paid 1232 hrs today.Looking reasonably good from a recovery view, I feel.m
spaceinvader2
23 Feb 2017
Re: Cheap or going bust? That's why I bought in originally as Miton Group had it down as one of their star shares for 2016-think it must have fell 95% so only way back is to load up in more shares which considering the falls is hard to do when you've lost SO MUCH by keeping the faith.Paul Scott of Stockopedia has loaded up sub 20-seemed too cheap around 60-70p and yet fell over 60% on news of poor trading in December.RNS issued at 343pm on a Friday afternoon-doesn't inspire confidence in current management when despite the share price continually falling no statements were issued regarding falling share price.Has fell further since December.....
Courtier1
14 Feb 2017
Re: Cheap or going bust? I also note that Miton (the Asset Mgmt guys) are building a large stake. Looks like they own 23%+ after todays announcement.I take that as a bit of a positive - they are certainly not stupid and have a decent track record of strong performing funds.......Hadn't noticed that before - interesting. Looks like someone thinks they are well undervalued.
Courtier1
13 Feb 2017
Re: Cheap or going bust? Difficult one I agree. Mainly as not much information given in the recent updates.Read between the lines that earn out is close to top line. Vendors not happy with deal they struck as shares trading at just 10% of the value they expected!!! Reduction to 100p seems reasonable given circumstances and suggests there is reasonable confidence the price can get there again.Rights issue would be massively dilutive to those guys so I would say unlikely unless absolutely necessary. Doesn't seem like they have much problem with debt headroom so again suggests equity raise less likely.Cash flow at half year was positive and contributed to net debt going up less than cash acquisition cost. As long as they can stay cash flow positive then shouldn't go bust anytime soon.Issue is how bad the Nov/Dec drop off was and whether that is continuing or picking up again. Seems shares are priced at option value - £5m market cap but with potential to earn that in profits next year or two.Sensible thing to do would be to kill dividend and focus on cash flow and debt reduction imo.Reset bar and start growing again.I bought more at 12.5p to average down - not quite sure that's not throwing good money down the drain but feel the risk/reward is commensurate at these levels - at least for me.....
Another Jacko
12 Feb 2017
Cheap or going bust? These are now priced to go bust but if they don't they could be dirt cheap. I hope they don't go bust as I have bought 4 times on the way down based mainly on the misleading guidance given to the market by the company.I guess we'll have to wait for some figures so that we can see just how bad the second half has been, but if they were still profitable in the second half then hopefully all is not lost and they can recover.Debt is a problem but a rights issue at this price would decimate holders so again I hope they don't have to do it.Losing the dividend is a big blow as it was the high yield that first attracted me to these shares.
winningstreak
08 Feb 2017
Earn-out pay,ments The adjusted earn-out payments (see RNS today) tell me that the acquisition of Colemans is performing well and not immensely far from top line expectations.'The potential for Fairpoint shares to rise massively is perhaps still obscure, buta punt at 12.5p-13p may perhaps prove well worth the risk, indeed may provevery lucrative....?IMHO,ws
Getifu
01 Feb 2017
Re: Disgusting 343pm RNS on a friday From the LSE site. If anyone is interested [link] the best GLA.
spaceinvader2
09 Dec 2016
Disgusting 343pm RNS on a friday Lots of professionals sucked into this cesspit of a share-stinks just stinks!!!
