Share Picks 2020

n97 mini · 25-06-2020 5:44pm

Shedite27 wrote: »

Give IDEX some time. It went up 200% last week, so I'm guessing you just bought this week (like myself). It's not gonna go up 200% every week.

This makes for interesting reading...

https://twitter.com/HindenburgRes/status/1276168353061711873

Bob24 · 25-06-2020 5:45pm

Thargor wrote: »

Anyone taking a punt on Wirecard? Id say its easy money tbh.

Hope you didn’t take your own advice ;-)

Thargor · 25-06-2020 6:24pm

I didnt thank feck. Did not expect that though, must have been a shower of lunatics running it, cant wait for the autopsy to see what went on...

Jim2007 · 25-06-2020 7:55pm

Deleted User wrote: »

€18.5B value company in recent times down to a few hundred million €. Is the missing €1.9B the "only" thing affecting the value. I suppose trust is gone out the window, but did the auditors find anything else wrong do we know?

When a bank tells you that not only does it not have the companies money, but it does not even have a banking relationship your client, it means that the entire basis of the valuation is pure fiction. The company was probably never worth remotely close to that figure from the outset.

Deleted User wrote: »

The market is saying the company cannot survive.

The market has absolutely no say whatsoever in the matter. It will now be up to the liquidator and the creditors as to what will happen next. The liquidator may sell the business as a going concern for the benefit of the creditors and if there is any thing left, the shareholders might get a few cents to the Euro based the nominal value of the shares if they are looking.

Maybe do some reading on things like Worldcom, Enron etc.. and try to understand what is going on.

bfa1509 · 25-06-2020 8:25pm

Jim2007 wrote: »

When a bank tells you that not only does it not have the companies money, but it does not even have a banking relationship your client, it means that the entire basis of the valuation is pure fiction. The company was probably never worth remotely close to that figure from the outset.

This is why I tend to only go for companies with a lot of tangible assets. Ones that could roll over you. I know shareholders have no real comeback when a company is liquidated anyway but at least you can see some of the physical company value.

Shedite27 · 25-06-2020 8:30pm

n97 mini wrote: »

This makes for interesting reading...

https://twitter.com/HindenburgRes/status/1276168353061711873

Could very well end up that way, but Hindenburg are famous for this type of thing, they short the stock, put out an article like this and collect. The main evidence here seems to be that they used photoshopped images for a brochure.

This is a penny stock, people hopefully know the risks, I’m certainly not recommending people throw their pension on IDEX

crushproof · 25-06-2020 11:23pm

Anybody hold EKSO? They were recommended her a year or two ago. Been through the doldrums but I held on and finally made some money back today. Sold out at market close but it's rocketed in the aftermarket again

Jim2007 · 26-06-2020 12:44am

Shedite27 wrote: »

Could very well end up that way, but Hindenburg are famous for this type of thing, they short the stock, put out an article like this and collect. The main evidence here seems to be that they used photoshopped images for a brochure.

This is a penny stock, people hopefully know the risks, I’m certainly not recommending people throw their pension on IDEX

The problem is that many don’t, in fact the don’t really know what a penny stock is and how easy it is to manipulate the prices. They probably don’t realize that there are companies out there that you can hire to promote a stock for a fee!

padjocollins · 26-06-2020 9:08am

https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ , great overview of wirecard and it's shenanigans

bcklschaps · 26-06-2020 12:06pm

padjocollins wrote: »

https://valueandopportunity.com/2020/06/19/wirecard-the-german-enron-a-very-personal-history-2008-2020/ , great overview of wirecard and it's shenanigans

Good website, he has some interesting things to say about Nikola as well

Bob Harris · 26-06-2020 12:41pm

bcklschaps wrote: »

Good website, he has some interesting things to say about Nikola as well

Hard to know what to do with NKLA - sold shares but still holding warrants.
If the prices holds then stand to make about 60% on top of current value when they convert whether it's cashless or at the strike price. The bubble could pop though and there is lot of uncertainty about how many shares will flood the market.

plasmin · 26-06-2020 2:29pm

Vxrt is is going crazy

26-06-2020 2:39pm

plasmin wrote: »

Vxrt is is going crazy

Covid medicine related?

plasmin · 26-06-2020 2:48pm

[Deleted User] wrote: »

Covid medicine related?

Yes

https://www.google.com/amp/s/www.marketwatch.com/amp/story/vaxart-shares-skyrocket-on-news-its-covid-19-vaccine-candidate-to-be-part-of-operation-warp-speed-2020-06-26

Ha Long Bay · 26-06-2020 2:53pm

plasmin wrote: »

Yes

https://www.google.com/amp/s/www.marketwatch.com/amp/story/vaxart-shares-skyrocket-on-news-its-covid-19-vaccine-candidate-to-be-part-of-operation-warp-speed-2020-06-26

I took a punt on it back in February.

john4321 wrote: »

I bought some Vaxart shares last month (VXRT) @$1.05. Took a dip today but was going well last week.

https://www.globenewswire.com/news-release/2020/01/31/1978131/0/en/Vaxart-Announces-Initiation-of-Coronavirus-Vaccine-Program.html

plasmin · 26-06-2020 2:56pm

john4321 wrote: »

I took a punt on it back in February.

Goodman, hope u r still holding it

Ha Long Bay · 26-06-2020 2:58pm

plasmin wrote: »

Goodman, hope u r still holding it

Yeah I am. It sat there doing nothing for the last few months. Only have a small stake in it which i'm regretting now.

Shedite27 · 26-06-2020 11:13pm

I see the Nasdaq is finally done with Luckin. Anyone still holding them?
https://finance.yahoo.com/news/nasdaq-suspend-trading-luckin-coffee-141056814.html

jams100 · 27-06-2020 1:17am

Got crushed on draft kings ahares over the past 2 or 3 days. Hindsight is a wonderful thing. Still think long term they arent a bad bet

Lex Luthor · 27-06-2020 9:46am

jams100 wrote: »

Got crushed on draft kings ahares over the past 2 or 3 days. Hindsight is a wonderful thing. Still think long term they arent a bad bet

I'll be buying the odd one as they drop to average my spread

bcklschaps · 27-06-2020 9:55am

Yeah, noticed the big fall in DKNG and picked up a few yesterday.

The reason for the fall is not 100% clear to me ... (California not progressing with Gambling legislation and some directors/insiders selling), anybody know of other reasons?

Shedite27 · 27-06-2020 10:29am

Lex Luthor wrote: »

I'll be buying the odd one as they drop to average my spread

I “bought the dip” at $35 on Thursday (down from $42 Monday)

Dip went lower

I hold DKNG and GAN (someone on here opened my eyes to them), but am liking what I see in PENN. Big casino presence, looking to move into sports betting. Bought a big stake in Barstool Sports (big US sports brand) and are lunching betting app through that soon, to tie in with the return of sports. Their casinos and bars will all have big Barstool branding, pushing the biggest gamblers to their online platform.

They’re somehow currently valued at $4bn compared to Draftkings $12bn. Draftkings has revenue of 300m and made a loss last year (doing sports gambling). Penn has revenue of 5.3BILLION before you add the sports gambling. How does that market cap make sense?

Probably enough room for both to be successful but definitely a lot more room for PENN to grow I feel.

I’m certainly considering jumping ship

bcklschaps · 27-06-2020 10:37am

Shedite27 wrote: »

I hold DKNG and GAN (

Same... and looking for an entry point into PENN. Is the current dip a good opportunity, I wonder?

At about $30.

Treppen · 27-06-2020 11:08am

Interesting new relationship between Facebook and Microsoft, as Mixer game has been adopted by FB, Microsoft Xbox follows (as Twitch is Amazon).

Here's what Facebook has come out with...

“We’re also excited about the opportunities this opens up for all Facebook Gaming creators to work closely with the Xbox ecosystem, including future opportunities around Xbox Game Pass, Project xCloud and more.”

FB and Ms aren't really in competition so could this be a new partnership!

If you had a choice to buy either would you go FB or ms?

Shedite27 · 27-06-2020 11:13am

bcklschaps wrote: »

Same... and looking for an entry point into PENN. Is the current dip a good opportunity, I wonder?

At about $30.

It’s valued at $4bn. If it becomes a player in online sports betting, it’ll compete with DraftKings ($10bn) and Flutter ($20bn) so still a lot cheaper than that. I suspect once the app launches and sports returns, that price will get a 20% kick.

XMG · 27-06-2020 9:43pm

There were a few banging the table on this shower of grifters a long time ago

Jim2007 wrote: »

So is Markus Braun heading for the pokey?

Ex-Wirecard CEO arrested on suspicion of falsifying accounts

One take a way for investors is that we see once again one of the tell tale signs of a problem, long before it became known - persistent problems in have the company's auditors sign off on the financial statements.

Every so often there will be disagreements between the company's auditors and the board of directors that is to be expected, but if it happens on a regular basis, it is something to be concerned about. Well run companies don't have arguments every year with the auditor over the state of their accounts.

littlevillage · 28-06-2020 3:41am

Annoyomous stock trading discussion. fcuked me again..... (sigh)

28-06-2020 4:37am

littlevillage wrote: »

Annoyomous stock trading discussion. fcuked me again..... (sigh)

How so?

Cute Hoor · 28-06-2020 2:06pm

Could be a bit of a boost for CRH tomorrow with Johnson promising this morning “We want to build our way back to health", should be a boost for Grafton as well

Noob Investor · 28-06-2020 3:03pm

My top share pick is Gazprom. It is severely undervalued even though it's mainly owned by the Russian government. Dividends around 10%, PE around 3,5.

Some recommended reading about the investment thesis of Gazprom: https://www.undervalued-shares.com/wp-content/uploads/2019/10/Undervalued-Shares-Special-Report-Gazprom.pdf (not mine though)

Share Picks 2020

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