SPY - Smartpay Holdings

[Bobcat.]

I can't see why over the past week this company is suddenly worth a lot more. 20% rise in sp today.

There may be some insider trading ahead of a significant news release but even so I see little point in holding on the off chance of something remarkable happening with technology of which I'm not really a big fan.

Reuters has them with an NTA of just 11c. Heavy gearing also makes me a bit reluctant to continue holding, and so I've just now taken profit - sold out at 37.

BC

[Nigel]

I can't see why over the past week this company is suddenly worth a lot more. 20% rise in sp today.

There may be some insider trading ahead of a significant news release but even so I see little point in holding on the off chance of something remarkable happening with technology of which I'm not really a big fan.

Reuters has them with an NTA of just 11c. Heavy gearing also makes me a bit reluctant to continue holding, and so I've just now taken profit - sold out at 37.

BC

I don't follow this too closely (used to be a shareholder back in the day) but tend to agree with you Bobcat. The rise has been dramatic to say the least, and the only news is that Milford have bought some shares. Not sure the jump is sustainable, so totally get why you would take the profit!