Recent content by mpat89

  1. M

    UK prop shops?

    I've been trading a long short strategy for a while now. I was hoping that I will eventually be able to go to a prop shop who will let me run the strategy with size. Can anyone suggest some in London that it would be worth getting in touch with? All I have is my personal broker statements...
  2. M

    Good prospects, and undervalued..

    Am I right in thinking the company is still run by the original founder? If so, I'm pretty sure this guy will be married to certain elements of his business and find it difficult to make the necessary changes. In a way, it is good that management consultants have arrived. I doubt that the...
  3. M

    Good prospects, and undervalued..

    Like I said in a previous post, this investment really depends on the quality of management and the way they deal with the issues they face. Seems like they've hired management consultants to help them turn the business around. This really gives the message 'we don't know what to do anymore'...
  4. M

    Good prospects, and undervalued..

    I imagine it's because that £34m of cash providing a 'margin of safety' has turned into £11m. It's unclear whether the cash has been transferred into other assets or been lost through operating activities. Not a good situation for shareholders to be in. Lets say what james has to say, he seems...
  5. M

    Good prospects, and undervalued..

    Thanks for your reply. I hadn't considered the balance sheet aspect of FCCN. On the grounds you have mentioned it becomes a bit of a no brainer. Now it becomes a question of management and if there is a possibility that they behave recklessly or chase a solution to their income issues too...
  6. M

    Good prospects, and undervalued..

    Revenue is still below that of 2008 while profit is about 43% higher than that time. Negative earnings in 2009 & 2010. Surely there are more fundamentally sound companies with similar P/E to FCCN? This is not meant to be a negative comment, just wondering what the reasoning is as I feel I may...
  7. M

    Career Advice

    If you are interested in trading, I suggest you first build up a base. Get your CPA and earn a good, steady income. Once you have a base, start learning to trade. You can easily fit trading around your dayjob. Risk nothing or tiny amounts until you can show profitability. Once you get confident...
  8. M

    Oanda vs Dukascopy vs Interactive Brokers

    Hi all, Trying to decide on a broker but having some trouble... Oanda - very easy to use platform, spreads are decent during peak hours but pretty shocking outside of that which is an issue if price is trading near a stop order and a wide spread causes it to trigger. Seems to be very little in...
  9. M

    Schneider Trading Associates: Graduate Training Program

    complete waste of time for an oxbridge grad
  10. M

    Trading other people's money (again)

    Hi I have a query regarding this issue, I can never seem to find conclusive answers on this nor will FSA bother replying to my emails. If I am trading my own account at an FX broker but want to also start trading accounts for close relatives can I do this legally in UK under power of attorney...
  11. M

    Office Share in Surrey

    Sorry only just noticed you'd sent this reply, just emailed you.
  12. M

    Legalities in trading other people's money

    check & check. i'm ready to go! thanks for the useful bit too
  13. M

    Legalities in trading other people's money

    Hi, I don't think this is the right place to post this but I don't know where else to put it. Since my results have turned around I have interest from others wishing for me to trade their funds. I don't plan on considering this for at least another year or two but was wondering what the...
  14. M

    Office Share in Surrey

    Thanks cayton, have already emailed them with an enquiry heh. I assume people using the Internet are using their own brokers, what about IT equipment, do you have to use theirs or your own or what? (assuming you're talking about richmond capital markets?)
  15. M

    Office Share in Surrey

    Hi, Just wondering if there are any office shares available in Surrey or anything south of Wimbledon. Trading forex, mostly want office share to be out of the house.
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