Feel free to post any charts, trade ideas or market related comment.
No need to get too serious its only money!
"Avoiding stupidity is easier than seeking brilliance"
Hollywood Bowl (LON:BOWL) Pattern Looking more like accumulation. Need to hold above 254p. Maybe a retest to confirm short term bottom. If it does then 200dma moving average is next target at around 280p.
I exited about a week or so ago, looking back at the trend over previous years, the share price tends to dip or go sideways from July through to Sept, but I'm keeping Wynnstay (LON:WYN) on the watchlist though
Seems we are into the summer doldrums as news subsides and prices disconnect from reality....
Have taken the chance to pick up a few more Gaming Realms (LON:GMR) as they have dipped back below 50p. Latest TU was only 3 weeks ago and all was in line. Also topped up LSL Property Services (LON:LSL) on a pullback here too. Likely to be other opportunities coming along so I have also cashed in the takeover offer windfall from Just (LON:JUST) . Figure I can get almost the same return from a Savings Account as I can holding on for 200 days for 4%. Hopefully some of the above will yield better returns.
Having sold Wynnstay (LON:WYN) and International Personal Finance (LON:IPF) I now have cash on my account. Trying to take my time and search for new opportunities (outside of my usual suspects). Anyone know much about Advanced Medical Solutions (LON:AMS) ? I like the way the chart is setting up (possible launchpad from 50 annd 200dma) and they appear to be forecasting good growth next few years. I’ve only just started finding out about them but they appear to be integrating a purchased company and restructuring another. Healthcare is an area I haven’t explored much.
Took out half a position today.
That is was I was thinking, around 700p level. Might dip toe in before that. My International Personal Finance (LON:IPF) funds are also waiting to be recycled.
Gaming Realms (LON:GMR)
i sold out of Gaming Realms before results - i had made a good quick buck there and there was some speculation as to whether future prospects would be as rosy as the current numbers which are obviously decent.
The wording of the trading update seemed uber confident - perhaps i might not have sold had i known they were going to be confident ref future.
However one very minor niggle - it does appear that consensus expectations have been slightly trimmed back recently ref this year and next year.
Thats takes the gloss off their confidence somewhat - if the reality is that they are actually less confident now than they were (pre update). Obviously as they are expecting good growth this year and next year they have scope to say its all great while having a very minor profit warning at the same time.
Where a company is doing well i like them so start conservative and hit targets or upgrade - rather than starting high and working downover as time goes on. The updates could simply be a rounding error with regard to which brokers have updated perhaps ?
Stock ranks have dropped a little - thats probably to be expected based on the great run the shares have had - they are not as cheap as they were 6 months ago !
FWIW
I had a note in my diary to look out for a TU from CMC Markets (LON:CMCX) in late July. For the last 4 years this has coincided with their AGM, this year that was on 24/7 and there was no TU ! Unusual but not necessarily a red flag .
Zotefoams (LON:ZTF) is moving nicely, although my gap up/momentum buy last week is up 25% which would usually see me bank my profit and move on, however I was looking a bit deeper this afternoon and in 2018-2019, with no dilution, they were doing between 19p and 15p EPS and trading between 500 and 700p. So I am hanging on. A quick move and hold thru 400p would get my attention.
Forecast EPS for 25 and 26 is 30 and 34p !!
It's a good job too as Filtronic (LON:FTC) is getting hammered :-((
CMC Markets (LON:CMCX)
i tend to think with spreadbet companies they should update quickly if things are going wrong - so i wouldnt over worry about lack of update. Its not helpful not having consistency - seems poor form not to have specifically updated - they were nearly 4 full months into new year - just seems bad crack sayijng minimal in june then not at agm when they have done in the past.
is the main guy perhaps fed up updating the market here - if they are its not great - hey ho at least they arent doing an isak.
Just wanted to draw attention to Ocado (LON:OCDO) - 363p. I first looked into this when Matt Brazier reviewed it in his substack newsletter (worth a follow if you haven't read it) a month or so ago and bought at 265p. Lingotto (they own juventus and big stakes in Ferrari, Philips etc) are consistently adding to their position it's now over 16%. The stock is up a lot in the past few months from its low of 240p and there is a constant battle between the shorts and buyers, hence there is potential for a big short squeeze. Ocado has huge growth potential in coming years and if it were to break above 400p it could really rip up with the next big resistance level not until around 720p.
A little overview - Ocado’s share price has fallen over 90% since 2021, leaving it undervalued despite likely being the most efficient large-scale online grocery technology provider. Online grocery still has under 10% market share in most developed markets but is growing rapidly, and Ocado’s automated customer fulfilment centres (CFCs) offer greater choice, fewer substitutions, and lower pick costs than store-based picking. There is still weakness in its Technology Solutions division but it is seen as temporary, driven by post-COVID normalisation, the scale needed for CFC profitability, and initial rollout challenges. Management targets cash-flow positivity by 2027, with conservative revenue projections and no major capital raise expected. This, if achieved could be a huge catalyst. Alternatives like Instacart are not considered a long-term threat given Ocado’s service quality, range, and pricing. The company’s global tech platform, efficiency gains in new CFC designs, and partners’ deep reliance provide strong competitive advantages. Led by co-founder Tim Steiner since 2000, Ocado could eventually have hundreds of CFCs delivering 40% returns on capital, creating the potential for high growth and significant long-term returns.
5 year chart below:
As you can see the recent rise is hardly a blip considering less than 20% dilution in that time. Whilst the 2020 highs are almost certainly pipedream, I still feel this can multibag from current levels. Cheers. BenHazz
I noticed that Paul, but couldn’t find anything. I know Harwood increased their stake recently but that didn’t have any immediate effect .
Spire Healthcare (LON:SPI) - Jefferies raised price target to 298p with a buy rating only thing I can see.
