I have held this for a while now, one of my best stocks. The figures out yesterday are excellent and the share price today has responded accordingly.They have bought Roxy Palice and their core business is also up 35% with a +34% coming from casino. Other business products have also increased by 42%.
Decided to top slice some cash out today @160p and let the remainder of the shares run.
That makes this share up around 300% from a year ago!
700 club gold member. Anniversary yesterday 1/10/2013. Recently returned from New York with a wish to see Wall Street for myself as a bit of a satisfying accomplishment. I first got interested in investments when I was a financial advisor for 14 years. I learned a lot & went to quite a few investment seminars. The one I remember particularly was with Fidelity. They visited the companies that they invested in and held them for a long duration in their portfolios. The other thing was with different currencies that they could buy a particular stock with and of course sell it if it was favourable with another currency. This was potentially more risky of course. It was not long before I realised that all the money from the insurance premiums had to be invested and who was doing it. We used to sell investment bonds where 5% was allowed to be taken tax free once a year on the anniversary of the policy which could run for 20 years.There was a choice of Managed, Property, or Equity to invest into. It was at this point of time that the Property fund went up 40% in less than a year. A simple comparison with the Managed and Equity funds showed the difference. I was soon taking a keen interest in unit trusts and shares, looking for things that were going up and the highest that they had been and bought them. I bought a software package with Up-data which enabled me to be much more efficient, putting stop losses in. Drummed into my head was cut your losses and sell when a stock breached the stop loss and let the profits run. Another stepping stone was to buy myself a Rolls Royce silver shadow that was chestnut brown in colour. The reasons were threefold. 1. That I could afford it. 2. The two managers for the insurance company that I was working for were called Douglas & Rolls. 3. I was still single. As well as doing the insurance business I joined an investment club in Basingstoke and became their chairman. We closed it this year sadly because of ill health with some of the members. Now I have a portfolio that I am able to take out (if & when I want to some cash) just like the insurance bonds but much more flexible. I enjoy the technology stocks and have taken profits several times from Arm Holdings which is the only share that I have held for many years now. Having just got this Stockopedia yesterday (first saw it at an investment seminar in London earlier this year) when I noticed Dart Group (DTG) so that is now in my portfolio too. I suppose you could say I am an analyst & a chartist. It was good to see my portfolio already has Globo, , Blinks, Clingen ,Dart, Wanddisco, opay,Easyjet ,LLoyds Arm Telicom Plus(which has doubled and a bit more but then started to drop so I have just sold almost half and re invested the proceeds into ASOS.) In conclusion I hold about 20 shares, and have just INCREASED my holdings in Globo about two weeks ago, and noticed someone has reduced their holding with Globo to 3%.I hope they are not still holding the poor pawnbroker shares (guess who) -40% in one day followed by further catastrophic drop. A good case for a stoploss . Join the 700 club and put some money to work I say. more »
Good news just out 2 hours ago. A special dividend of 3p is being paid to people on the register on 19th Feb 2016 to be paid on 16th March 2016. TTR had record revenues in 2015.. Maybe its time to pick up a few more shares.
In order to pick up a few more shares to take advantage of the 3p dividend is worth about 2.25% (3/133).the trouble is the spread is fluctuating at around 7p or more. The average volume of shares traded is 256K. There was a big sell of 1.3M shares trades in the last few weeks. This high volume did not affect the bid offer spread as one would think it would.
With a high of 170p on 21st Jan 2016 and hotting a low of 116p in Feb the overlying trend shown by the 50 Day MA is up. I have put a Fibonacor Retractment projection on this big drop in the share price from Vevtor Vest and the 1.61 retracement shows 200p a value yesterday with a Valuation of 226p, so it is still under valued.. A stop is set at 127p.
With the sea of red in the world stock markets today the best price I found to pay was 137p.Tomorrow will no doubt be different. So when or if it hits 200p is any body's guess The only guarantee we have is a few thousand 3p's
For the record it has a stock rating of 80. So place your bets on 32 RED.
End of day price 138.25p
EX-Div today, price around 154p ( only 46p to go in order to reach the target price of 200p).Set stop to 140P
Just for the record, looks like TTR will finish on a 52 week high @ around 167P for the end of Feb 16. The growth rate looks excellent at around 33% and revenues estimated for 2016 are showing double that of 2015. For some reason the stock rank has come down from 80 to 75 now. I can remember this share in our investment club about 10 years ago for about 4p!
Only 33P to go to reach target price.
PS just dropped to 163p while I wrote this.
Insider Booth Mathew bought 41,058 shares on 5th April for around £60,000. Does he know something that we don't? Numis has a price target of 200p, and another dividend of 1.7p will be paid on April 15th.
I suspect it is just a glorified freebie. See the RNS where he gets an option over the same number of shares for 2p exerciseable in a couple of years as long as he does not sell the ones he bought.
Not so sure it is a freebie, since it cost him around £60,000. He is non the less, the Chief Commercial Officer of 32 Red, so he must be optimistic that the company will continue to prosper. Being in that position he would be in a better position to know whats happening than we do.
this was a cracker of a share last year doubling it. 888 holding is another one that's done well this year.
32 has a great PEG R value, should have a lot further upside for the next 2 years
My watch list is just showing IME near Newberry area shares through the roof today with 392K shares traded so far with an average volume of 2.5K'. A lovely lovely trade could have been made here today did you catch it? It is now dropping back a bit after hitting 150% up at the peak.
Meanwhile 32 Red can only muster a measly 0.5% up at 1:52 pm today, but at least it is up in the right direction.
Hi vik.
I don't know for sure but this share is quite spikey - perhaps some of their online punters are also day traders? There have been a few big (15-20p) short term falls lately which seem so far to have bounced back. Recent results were pretty good and the shares have had quite a good run so far this year so maybe some retracement is to be expected,
News wise there was a fair bit of noise after the budget about some possible changes to the tax regime that might affect the sector from August but this still seems a bit up in the air and is not specific to 32Red (LON:TTR). Also, there was an RNS on March 18th stating the Operations Director, Patrick Harrison, sold just under 300,000 shares (just over 1/2 his holding). Quite a chunky sale which may also have unnerved some of the short term punters.
Even at 137p we're still just about up YTD.
Gus.
It has now hit the stop loss, and no reason I can see for the price to be declining further but with the general market in an uptrend hoping for a bounce back in the next couple of days, otherwise it will be time to exit the position. Currently the 50 day MA is showing negative 8.31%.
the growth and value ratios are excellent on this still, so theres still a lot more upside to come I believe. wondering if now is a good time to buy back in
It did hit 146p today and fell back to finish at 141.25p, giving a 2.5% upside. Still reasonably low volume trades around 50K.
Just as well I sold most of my holdings in TTR to save another heavy drop today. Still no apparent reason, unless it has been hitting larger stop losses and driving the price down further, in spite of 4 heavy trades to buy earlier today between 9:00 am and 10: 00 am, finishing the day 6.6% lower at 120.25p with 1.275M shares traded.
All the "OK" trades are sells not buys (even though they get reported as buys). They continued steadily throughout the day.
The only big trade which was a buy was the 80,000 trade at about 09:05.
Hi Nick,
Where are you getting that information from?
I checked again with Hargreaves with largest volume trades today and between 9:05 am and 9:41 am there were 3 more chunky buys in addition to the 80,000 traded. They were for 53,993, 45,000, and 35,000 traded buys. then in that time frame just one sell for 34,845 traded.
The high was 132.6p and low of 111.64p for the day.
At that point one would think the share price should have started to rise, but in fact that was not the case at the end of the day.
There was very low volumes at the end of day auction too.
Personally because it is still showing an undervalued share with Vector Vest of almost double in value and Stockopedia has such a variance in values, and the dividend payment has increased from last year I am expecting the price to rise again after it has bottomed out. Let's hope the 111.64p is the bottom, or is it going to fall further?
See my reply in the other TTR thread. I'm pretty sure the trades you mention are sells not buys. The reporting for them was delayed which confuses the algorithm which decides if a trade is a buy or sell.
Just had a quick tot up of the late reported trades on the LSE website. Of the 1.28m shares traded, 456,323 were logged as late reports throughout the day in 16 batches varying in size from 15,209 to 53,993 in single trades (NMS for TTR is 3,000 so these are all pretty unusual). These include the low 111.64p trade for 17,353 shares after which there was only one further sale. Not immediately apparent whether this was one or more sellers.
In aggregate, these represent 0.55% of the 83.68m shares in issue so although significant in value (about £525k assuming a 115p average price), they may not necessarily trigger an RNS disclosure unless it was one of the directors selling. Maybe worth noting that Patrick Harrison, Ops Director, sold 296,125 shares on March 18th leaving a residual balance of 550,000 (just a bit more than the late trades amount sold today).
Gus.
Thanks for that information Nick. At the end of the day there must have been more sells than buys in order for the price to fall that much today.
Seems as though Pat Harrison got his timing about right for a healthy profit Gus.
Would not be surprised if there was some day traders at work today as well.
