As per the title the shares fell so steeply that they needed the 'circuit breaker' twice. What is going on?
not sure whats happning here on this share, no bad news either. I was going to buy back in week before last glad I didn't.
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HIC
11 comments
HIC
Thanks - the recent large share price moves seem to have no immediate reason that I can see. A director, Matthew Booth CCO, bought 41,958 on the 6th April which, as a shareholder, I take some comfort in.
Phil Dunphy
It seems to be falling like a stone, not sure if it is just stop losses kicking in at various levels.
Fingers crossed! I am still up but now not as comforting, wish I sold at 180p,if only I had a crystal ball. It would be great if Paul could do a write up as it's nearly halved since its 52 wk high.
GLA
Thunderball
Buying opportunity yesterday at 99p, sorry I missed it, should filled my boots.
Fundamentals still good, can only be fickle sentiment and volatility of AIM traded stock? Still expect return to highs of this year - Numis still have this rated at 200p. I still hold some negative stock but am happy to retain for now.
vik2001
this is still a buying opp at 112p. correct thunderball all the fundamentals on this stock still look excellent and I'm sure it will shoot back up, esp after brexit as that is where some of the votailty maybe coming from. also the sale by the company's operations director of 296,125 shares at a price of £1.50 per share midway through March 2016 caused prices to fall further. I maybe wrong but I think the worst of the falls are over as all the over selling is over...
the share is forecast to increase its bottom line by 62% in the current year and by a further 28% next year. This puts it on a price-to-earnings-growth (PEG) ratio of just 0.3, which indicates that now could be a good time to buy for the long.
also 32Red may or may not be taken over, it retains bid potential due to its strong financial outlook. I'm sure it has many of the bigger gambling companies looking at it.
I wish I topped back up yesterday at 99p, but was busy topping up on other bargains. but ive always been keeping my eye on this stock as it has the potential to multibag again, as this is a growth stock, and I be looking to purchase more. defo a keeper for the long !
gus 1065
Brief trading update posted this morning. Continued strong revenue growth though little detail provided.
Also announcing deal to sponsor Leeds United FC.
http://www.investegate.co.uk/32red-plc--ttr-/rns/sponsorship-agreement-and-trading-update/201605130700071356Y/
Thunderball
Up 10% already today, 25% since Tuesday. Nothing sinister here, pile back in and wait for the next bull run.
Metatron
All gambling stocks have to be vulnerable to volatility as it a very competitive industry and contrary to myth it is not a given money cow as bookmakers can lose money on events whenever a lot of favs win or they hold large liabiliites on a longshot like Leicester.There is also the potential problem that if a gambling company is too successful they can struggle to replace their losing clients who pack gambling up with new losing punters
For what is worth as someone who has done both card games,sportsbetting, and the stockmarket for over a decade it is easier to make money at cards than the stockmarket and in theory sports betting.In practice the problem with sports betting is trying to get the bets on if you are a winning punter.
Check the proven records of highly regarded sports betting tipsters in the Racing Post and you will find consistent year-in year out winnings records .Check the records of stock analysts, chartists and tipsters and the results are mixed
gus 1065
I thought it might be worth bumping this thread back onto the discussion board. Shares are now back up above 150p from the temporary sub 100p low less than a month ago. Still no discernible news or reason for change in sentiment so far as I can tell other than some muttering about upcoming Euro football and Olympics will be good for trade. Why bet on sport when you can ride this roller coaster?
Gus.
gus 1065
Cash bid @ 200p (including 4p dividend) announced by Kindred Group this morning.
http://www.investegate.co.uk/kindred-group-plc--kind-/rns/recommended-cash-offer-for-32red-by-kindred-group/201702230700126176X/
More than 70% acceptances in place so looks like a done deal. Indicated premium of about 16% but shares have been up sharply since mid-Jan suggesting some reasonably well informed market participants. A pretty good result for those taking a punt on the lows of last summer.
Best,
Gus.
