Why are we again at 10.5p bid?

It doesn't add up...

Good Results + Strong buying pre results + Christmas online buying soon = Price drop

Then again some companies that have debt for equity hanging in the balance, poor results and bankruptcy around the corner and they go up!

Why sell now at a loss?

Wont that be a kick in the teeth when we see 13.5p 14p again!

Best of luck all.

Pach - it means he's smiling greatly

I think I will go with Fundamentalist's interpretation - but thanks for the interesting alternatives.

Could anyone explain the 3 large trades that went through but didn't show up in the trade totals? All over 200,000? Confused?

Ginger

they are listed as late trades as over NMS (normal market size) hence it is not possible to ascertain when the trade took place and whether it is a buy or sell

Level 2 showing 5 v 1

but not much happening

anyone care to explain how it works

thanks in advance

Cheers Fundamentalist!

Pach

In basic terms RTD is a SEAQ stock - ie totally down to market maker prices. The 5 v 1 means that 5 are prepared to buy your stock at 19 while only 1 will sell you stock at 19.75. That is positive because if the 1 decides to up their sell to 20p the price will tick up to 19p vs 20p. Im not a great user of level 2 but it can give you an idea if a tick up/down is coming especially on a more volatile stock/day.

Hope this helps

RTD is "Play of the Week" in Shares mag today folks - get in quick if you want to buy :-))))

The well argued report in Shares is favourable. The Price is up. But have a look at ratio of Buys to Sells.

I know I am stupid, (My family inform me this frequently of this fact.) but I would expect that volume of Buys to sells to go with the price change. I know it mught be MMs expectations against punters relief in getting out at a good price compared to their buying price.


I still think this company is undervalued with a huge potential for increasing earnings. Also going back through the actions of the board they results seem to accord with their statements. That is not saying back in the Tech bubble that they were gloriously over priced. (Got out just before the pin prick and bought back low.) I think this is a Warren Buffet type share, ie., let it run unless some calamity occurs.

Have a nice day Douggie. :=)))

Fred

just read the shares article.

Couple of points i picked out:

1) They appear to be arguing the fundamentals based on the EPS/PE using profit before ammortisation and exceptionals - personally not too comfy with this approach

2) 10% EPS growth to me is laughable - if that is all that we can expect then it is time to find a real growth share!!! Personal opinion is that EPS growth based on the last couple of years trading will be far higher than 10%.

3) Interesting to see mention of potential expansion of the fuel card business into Europe (though agree highly competitive and may have to pay over the odds)

4) The focus of the CNP business comes across in the article as mainly UK geared whereas we know the geographic spread is far higher than that

5) Comparisons to the general software sector can be misleading, as the business valuation really needs to be done in two parts with the fuel business valuation and the fraud software valuations being added together to get an overall valuation. Comparisons to more specific comparators show that the fraud part of the business should be trading on far higher than a PE of 16

6) No mention of the alleged patent infringement at all

As for the buy/sells data this can always be misleading - they may be filling a large buy order for all we know. It is standard for tipped shares to be marked up then fall back a few days later.

Also, from a chart perspective, there has been mention on other bb's that a double bottom has been formed which is a very bullish sign. For me, in the short term breaking through the resistance at 21.5p is more important though we may have to wait for further announcements (contracts or litigation) to provide momentum before the end of December trading update

All IMHO DYOR etc etc

Fundamentalist. Thank you have printed it out and will look again. As you say there may be resistance at 21+-. I still a holder!

Catching up!

But/Sells are misleading - Comdirect are quoting 19.75 - 20.15 (Widened from earlier 19.8 - 20.10) Many sells shown are actually buys.

As no chart expert can you advise where this double bottom is? Are we looking arounf the 19p mark or at 14p etc?

Flackwell - likewise no chart expert but i believe the double bottom is at 18.75p over the last fortnight

Thank you - The problem I have with charts is that had the second drop stopped at 18.5p, or 18.0p would that constitute a double bottom?

If it wouldn't then what makes a double bottom so postive a signal?

FV

My novice interpretation is that if it had stopped at say 18p then it would have formed a lower low (and a short term downtrend) which is bearish but i dare say a more expert chartist will correct me

Buy note out from Paul Scott in UK-Analyst just now.

My amateurish opinion is that the double-bottom was at 13.00 (Aug-Oct) - I think that you are reading too much into short-term charts if you believe that it is at 18.75 - 8 days seems a very short time for a db to form. IMHO and so I am happy to be proven wrong.