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.

Sigh of relief!

I bought back in too early but now I'm nearly back where I was.

Good luck all for the long term.

week ends as started on optomistic note, off Majorca for a week, xfinger for increase in price on return, happy reading while I'm away.

.

investors you must remember that mms are in to make money like yourselfs,but there strategy is different,like last week because the price was already priced in the share never touched 26p,so when results are out,they start shaking all the panic buyers to sell down to 20.50 thats where there profits are,and now they will slowly walk this up again, where to i dont know! they still have some buyers who payed 27-28p so they want them to stay in,unless there is any more contract news soon,i suspect these will hover around 21-26p for some time to come.

Hi Petralva.............
I share your sentiments too.
The volatility makes it a candidate for traders.
I think I could be tempted on Monday morning, if there is follow through
from Friday afternoon.
Good luck to all holders.

Have been away for a while, glad to see that most of the names from this board are still here and holding. I have no need of the cash tied up in RTD for a while, so I'm here to keep you all company for the long term.
Lets hope the future is good to us all.
Tokyo

up 2%, over 2.5 million buys so far today, looks like the interest is still there, lets just hope it keeps up and take RTD up to where it should be

What the hell is this? I have been out this morning and got back after lunch to see Sharescope showing 3.06m buys and 1.38m sells. So whats this price drop about then? MM's run out of shares or are they just bored? Please please could someone who has access to level 2 have a look and tell us whats going on.
Thanks

Javid

I'm still holding folks, it looks as though RTD will move around the the 20p-26p range for the time being. What will really set the fireworks off is good news on CNP revenues (which was not as great as expected in the recent results) or new contracts in this area.

All the best

OG

Dryden Wealth Management Ltd 08-03-04 BUY

Oriel Securities 02-03-04 HOLD

Daniels Stewart [R] 26-01-04 SBUY


Growth 2.19%
PE prospective 16.9
EPS Consensus 6.0
DPS Consensus 1.4

So is this back on the buy list? About time!!!
good news thanks alot zscrooge

This stock has now fallen to 20 pence, what is going on?

Almost everything fell today but at least RTD recovered a bit.

MMs closing out T10s. Will soon sell back to retail for higher.

Another day or two like this and the moving averages will cross over for short term showing a short on RTD. I am glad I sold my holdings when it got near the 28p resistance and I bought in again (only a few shares) when it had dropped at what i thought was a good entry point. I cant believe it has gone this low now.
Does anyone know what is causing such a turn around in this share?
I have made two large profits on RTD (by selling at resistance points) and now looks like I am going to have to sell without a profit. Guess its not third time lucky for me.

Javid

Tech stocks are being bashed (as are anything with large profit in price) at the moment as we follow wall street - always in their shadow(why don't we ever follow it up, we used to be over 2/3 their index, then below 2/3 now less than 1/2! - it seems there's no point investing anywhere but the U.S looking at the indexes performance. U.S in the S*** so everyone to suffer:(

are these still good to hold for the long term? Any thoughts?
profits of 5m were xpected, and profits of 5.9 million were reported. This trading thread has gone very quiet, but hopefully holding these for a few months will pay off, then prices should be back to where they ought to be.
we all expected a short term dropp, although admittedly, not as large a one as we are seeing now

fundamentalist - any views to brighten up this thread?

Hi tokyo - still holding - attached is a mail i sent a friend who has just bought in:

The markets in general are very messy today, what with Wall St plummeting
and the spanish terrorist attack, hence RTD has continued to retrace - for
those that use charting techniques it is critical that RTD holds above 19p
in the short term otherwise the next resistance is down at 14p! - ouch.

On a fundamental basis, my opinion after the results are as follows. One key
point to understand is that RTD use two different measures of EPS and this
gives a very different take on PE Ratios. The give a basic EPS and then an
adjusted EPS which excludes ammortisation and exceptional costs (and is
hence higher). Different analysts use either or both figures.

On a current share price of 19p, their EPS/PE ratios are as follows:

Current Year Basic EPS 0.5p PER 38
Forecast Next Year Basic EPS 1.06p PER 17.9
Current Year Adjusted EPS 1.4p PER 13.6
Foorecast Next Year Adjusted EPS 1.8p PER 10.6 (I expect this EPS to be
higher if the basic EPS of 1.06p is correct)

If you look at this years basic PE ratio of 38 the shares still look quite
expensive, however on a forward PER of 17.9 on basic EPS they appear cheap
(the brokers are forecasting 112% growth in basic EPS next year). If you
look at the adjusted EPS then they look exceptionally cheap!!!!

Looking forward to next year, they announced a lot of new contracts with the
results and hopefully will announce more in the coming weeks which will give
the share price a lift. Brokers are forecasting good growth, they will not
have to pay the 0.5m interest they paid this year (as they now have cash in
the bank) and the exceptional costs have now all been spent. They will
continue to write off ammortisation.

Currently in the market they have been targetted as a share that went up too
quickly, and a lot of people have been scared into selling and taking
profits as the share price has retraced. On a fundamental basis they now
look cheap, but until the dust settles from the recent sell off and current
weakness on the Nasdaq and other main indices we are unlikely to see any
gain in share price. I am continuing to hold these for the long term and am
looking to buy more once this all settles down.

As for price targets, I believe a growth stock like this should trade on a
forward Pe of 30 (NSB a similar stock trades on higher) and on that basis of
basic EPS of 1.06p gives a fair price of 31.2p - however this will only be
reached when market sentiment picks up. I expect to see the bottom very
soon, hopefully it will find support at 19p and I would then expect it to
trade between 20p and 25p over the coming months until any further
contracts/news/director buying/institutional buying is announced. The next
key date then becomes July when they will announce first half trading
figures, which will give a better guide as to what the full yr profit will
be and how trading is.

Another excellent post Fundamentalist - many thanks for sharing your thoughts.

The whole market is sliding so much recently, I've been tempted to open some spread bet sells on the FTSE. By the time I've made up my mind I'm sure that the upward trend will resume with gusto as the "windfall" bargains are snapped up - so I reckon I'll keep a low profile for a while.

I agree that a sniff of contract news from RTD will bring the buyers flooding back. RTD is still on a lot of radars just a matter of time for us long-termers.

All the best

OG