Share Picks 2018

D'Agger wrote: »

Apologies for the moronic question but should it not be showing in DeGiro as .16 as opposed to 16.01, I've been reading share prices all wrong. So for example - Ryanair is trading at 15.41p/c not €15.41?

I think GBX is GB penny, and the Ryanair one is indeed e15.41.. It confused me too

cefh17 wrote: »

I think GBX is GB penny, and the Ryanair one is indeed e15.41.. It confused me too

Thanks for clarifying much appreciated!

greenfield21 wrote: »

Evrh is a wild west aim stock, if you're looking at a gamble then go for it. So if you think the app will be a success and believe in the company then go for it. Don't base your decision on a bb dyor.

Exactly, I'll be doing a bit more research in the coming days but tech is where I would be looking to invest.

Hi sober question ....but if a stock broker went bust for whatever reason how much of a client's cash/portfolio is safe? 50k , 80k , less, more? I realise bank accounts are guaranteed up to 100k with Irish banks...i can't for the life of me find anything if you have monies with brokers like td warehouse, Davy...etc (assuming were talking crest accounts here)...
Any links, or info appreciated

I would have thought similar but now I'm not do sure. A brokerage in the UK have hit the wall in no part due to fraud and investors funds (both cash and equity) have been frozen. Investors are on the hook for 100m which is one fifth on the total funds and retail investors are getting burned for the costs.

https://www.ft.com/content/3cf9a27a-424e-11e8-93cf-67ac3a6482fd

Securities administrators write down £300 million
By Dylan Lobo 18 Apr, 2018
7
Comments
Beaufort Securities administrators write down £300 million
Administrators have marked down the value of Beaufort Securities' assets by £300 million after discovering a number of 'highly illiquid' positions.

In an update to investors last week, PwC joint partner and administrator Russell Downs said the value of the failed broker's assets had been revised down from £800 million to £500 million following an independent valuation.

'This [the valuation] has highlighted a number of important issues, including as noted above the fact that a number of highly illiquid and potentially nil value positions are held,' Downs said.

'The carrying value used previously was based on a historic price which we do not believe appropriately reflects a more cautiously assessed valuation. The more conservative value for this assessment is in the region of £500 million.'

PwC estimates that around 700 clients with assets valued over £150,000 may experience a loss in excess of the Financial Services Compensation Scheme limit of £50,000. However, it believes the 'substantial majority of clients will recover their portfolios in full in due course'.

The administrators also warned that it could cost around £100 million to recover Beaufort's assets and return them to investors.

The Financial Conduct Authority declared Beaufort Securities and its sister company Beaufort Asset Clearing Services Limited insolvent on the morning of 2 March.

In the afternoon of that day, the firm was charged with fraud by US prosecutors in relation to stock trading and international money laundering, which was also linked to the purchase of a Picasso painting.

In his only interview following the collapse, Beaufort boss Tanvier Malik said staff were 'shocked' by the FCA's handling of the case. He claimed he and other company directors had injected a 'decent amount' of cash into the firm, just two days before it was declared bust by the UK watchdog.

Captainsatnav wrote: »

Very good - when's this Melody VR platform due to launch?

Up 20% there at the minute

It was a good day alright breaking the 17 and 18p marks for the 1st time. There is the Facebook F8 conference on tomorrow and Wednesday and it is expected that they will formally announce that Melody VR will be on the Occulus device at this conference. It is expected that on this announcement the SP will jump significantly. My friend went in at 7p and 9p and today bumped in again with the expectation it will see an immediate increase.

If you're going to take a punt or want a short term trade, today/early tomorrow "should be" the time to do it.

Gruffalo22 wrote: »

It looks like they will be selling loads of new shares at 16p in the coming days

http://evrholdings.com/wp-content/uploads/2018/04/Accelerated-bookbuild-to-raise-gross-proceeds-of-up-to-approximately-%C2%A320.0m-.pdf

Strange timing

alanceltic wrote: »

I would have thought similar but now I'm not do sure. A brokerage in the UK have hit the wall in no part due to fraud and investors funds (both cash and equity) have been frozen. Investors are on the hook for 100m which is one fifth on the total funds and retail investors are getting burned for the costs.

https://www.ft.com/content/3cf9a27a-424e-11e8-93cf-67ac3a6482fd

Securities administrators write down £300 million
By Dylan Lobo 18 Apr, 2018
7
Comments
Beaufort Securities administrators write down £300 million
Administrators have marked down the value of Beaufort Securities' assets by £300 million after discovering a number of 'highly illiquid' positions.

In an update to investors last week, PwC joint partner and administrator Russell Downs said the value of the failed broker's assets had been revised down from £800 million to £500 million following an independent valuation.

'This [the valuation] has highlighted a number of important issues, including as noted above the fact that a number of highly illiquid and potentially nil value positions are held,' Downs said.

'The carrying value used previously was based on a historic price which we do not believe appropriately reflects a more cautiously assessed valuation. The more conservative value for this assessment is in the region of £500 million.'

PwC estimates that around 700 clients with assets valued over £150,000 may experience a loss in excess of the Financial Services Compensation Scheme limit of £50,000. However, it believes the 'substantial majority of clients will recover their portfolios in full in due course'.

The administrators also warned that it could cost around £100 million to recover Beaufort's assets and return them to investors.

The Financial Conduct Authority declared Beaufort Securities and its sister company Beaufort Asset Clearing Services Limited insolvent on the morning of 2 March.

In the afternoon of that day, the firm was charged with fraud by US prosecutors in relation to stock trading and international money laundering, which was also linked to the purchase of a Picasso painting.

In his only interview following the collapse, Beaufort boss Tanvier Malik said staff were 'shocked' by the FCA's handling of the case. He claimed he and other company directors had injected a 'decent amount' of cash into the firm, just two days before it was declared bust by the UK watchdog.

thanks for that..that is worrying .. i thought you might be protected (like the deposit guarantee of up to 100k), for something ..say 50k for CREST accounts so you would need to have a number of different brokers (that is if ur lucky 2 have a sizable investments)

incidently copper is hitting rock bottom.... buy NZC ? AUD$ .28 at the moment.

Something to think about for anyone trying to ride the legalised cannabis train:

Oregon farmers have grown three times what their customers can smoke in a year, causing bud prices to plummet and panic to set in

https://www.theguardian.com/society/2018/may/09/how-oregon-grew-too-much-marijuana-to-sell

Its just too easy to grow, still plenty of growth in the sector though, legalization is pretty much unstoppable at this stage.

littlevillage wrote: »

I wonder is the fizz gone out of EVR ? or is there anything in the news pipeline that might boost the share price again?

Well it's bounced back this morning back up to 13.74

I invested a relatively paltry amount in EVR so I'm not overly concerned about it, that said I was reading an article from last year after it had a partnership with Microsoft announced and it noted that while it had announced a good deal, the company still had high costs so would need to operate more efficiently if it's going to push on. Perhaps those concerns are still there, with deals, partnerships etc. causing upticks

I have a Degiro account and want to buy Tawana and Hive shares but am not sure what exchanges to buy from.

Should I buy Tawana on the Australian or Frankfurt Exchange
Should I buy Hive on the Toronto or Frankfurt Exchange

Thank you