Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This should be an sticky right above the city sticky. LOL
This explains a lot of things. Carma is a bi$&))
This is most a fundamental play, than a technical play. Charts here are irrelevant. Fair value will prevail.
BREAKING NEWS BREAKING NEWS!!
http://www.bloomberg.com/news/articles/2015-03-13/u-s-said-to-start-at-1b-a-bank-to-settle-currency-probe?cmpid=yhoo
....The discussions, which have begun in earnest in recent weeks, could lead to settlements that would resolve U.S. accusations of criminal activity in the currency markets against Barclays Plc, Citigroup Inc., JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and UBS Group AG. The government has also said it is preparing cases against individuals.....
FXCM TO DA MOONNN$$$$$$$$$$$$
WAO. BREAKING NEWS!!! CITY BUSTED AGAING FOR MANIPULATION!!! FXCM IS GOING TO NAIL THEM????
Exactly!!!!
WORTH NOTING !!!!!
The company’s CEO Drew Niv stated, “We believe that the sale proceeds plus cash freed from the balance sheet of these entities could exceed $250 million, which would go a long way towards repaying if not fully repaying the Leucadia loan.”
“We have multiple bids for each subsidiary and are seeing significant competition for these properties. We are in active discussions to select the best bid and move towards closing in the near future,” he explained.
FXCM Trading Volume by Region
FXCM Trading Volume by Region, Source: FXCM
From the $50 million which Mr. Niv mentioned, $22 million in cash lie on the balance sheet of FXCM Japan, while the remaining $28 million are in the Hong Kong subsidiary of FXCM Inc.
The company’s CEO Drew Niv stated, “We believe that the sale proceeds plus cash freed from the balance sheet of these entities could exceed $250 million, which would go a long way towards repaying if not fully repaying the Leucadia loan.”
The total EBITDA from the Japanese business of the company in 2014 was $6 million on a non-GAAP basis. Back in 2011, FXCM Inc (NYSE:FXCM) paid $5 million for GCI, which had 17,000 accounts and $110 million in equity. Later that year, the firm took over Foreland paying $17 million for the aquisition.
Considering the lucrative Japanese market and the expansion appetite of many companies to acquire businesses in the region, the sale of this unit could net FXCM somewhere between $40 and $50 million.
The Hong Kong unit of the firm generated about $2.5 million in non-GAAP adjusted EBITDA in 2014. The jurisdiction and the lack of wide media coverage of the Swiss National Bank conundrum which FXCM faced, likely saved the value of the brand and clients continued to hold their accounts with the brokerage.
The main proceeds from potential sales will come from the non-core business of FXCM Inc (NYSE:FXCM). Back in 2012, FXCM acquired Lucid Markets for $176 million, with the estimated total costs of the investment totaling $192 million.
In order to optimize its RPM, FXCM Inc (NYSE:FXCM) has announced that it will be returning the dealing desk model for clients with equity below $20,000.
The company’s CEO Drew Niv said during the earnings call, “To accelerate growth in our core business we will launch a hybrid desk model for small retail FX accounts. These are accounts with less than $20,000 of deposits. While these accounts maybe large in number, they still represent much less than half of our trading volume.”
FXCM Inc aims to balance between dealing desk and agency model execution in order to maximize its RPM. The brokerage will present a choice for clients between higher leverage options with dealing desk execution and agency execution with lower leverage.
- See more at: http://forexmagnates.com/fxcm-inc-conference-call-review-huge-business-shakeup-coming/#sthash.rsGcneDy.dpuf
- See more at: http://forexmagnates.com/fxcm-inc-conference-call-review-huge-business-shakeup-coming/#sthash.rsGcneDy.dpuf
LOL. City payed heavy fines for manipulation, It seems they didn't learned the lesson. LOL. Carma is a bi$&@. GAP AND RUN ON MONDAY. $$$$$$$$$
FXCM Inc. (NYSE: FXCM) reported its fourth-quarter results Thursday after the markets closed. The foreign exchange trader posted $0.27 in earnings per share (EPS) and $134.7 million in revenue, coming over the top of Wall Street expectations. In the fourth quarter of the previous year it had $113.3 million in revenue.
Earlier this year, FXCM customers generated negative equity balances of roughly $276 million due to the unprecedented volatility in the Swiss franc when it unpegged from the euro in mid-January. The very next day, the company entered into a $300 million financing transaction with Leucadia National. Since this time, FXCM has repaid $12 million of the facility.
Yep and LUC said on the last PR they were expecting to recover 1/4 of the loan by that date.
Looking STRONG going into the close. Should be fun next week. Now lets new HOD, power hour coming. Plenty of things to look forward on the weeks to come. FXCM
This is gonna run hard EOD, GAP UP big time on Monday and squeeze the heck out of shorts left. Mark it. Holding for divs.
LOL. Not going anywhere. We'll see 5$ and more soon. GLTY
BIG RUN STARTING. SQUEZEEEEE
#1 Currency Broker in the world. I can't get exhausted of holding a great stock at bargain pps. Holding looongg. FXCM=$$$$$$$$$$$
FXCM
Shares of FXCM Inc. (NYSE: FXCM) climbed more than 6 percent in after-hours trading after the company reported better-than-expected results for the fourth quarter.
The New York-based company posted quarterly net earnings of $15.8 million, or $0.35 per share, compared to $3 million, or $0.08 per share, in the year-ago period. Excluding non-recurring items, the company's adjusted earnings came in at $0.20 per share.
Its total revenue surged to $134.7 million, compared to $113.3 million. However, analysts were expecting earnings of $0.17 per share on revenue of $129.9 million.
FXCM's retail trading revenue rose 13 percent to $93.8 million.
Adjusted EBITDA climbed 53 percent to $40.8 million in the quarter.
Retail customer trading volume dipped 12 percent y/y to $267 billion in February. Institutional customer trading volume came in unchanged from the year-ago month to $162 billion in February 2015.
FXCM shares surged 6.05 percent to $2.28 in the afte
LOL. He banished. I think he's still covering AH. LOL LOL
To da moon and beyond$$$$$$$$$$$
Awesome News and dividends coming too. Gap up to 5$ tomorrow. Whohoo
Nice!!!!!! Just warming UPPP
Today is D-Day$$$$$
Agree 100%
Great!! Gap filled. Time to have some fun.
Gap to 5$ tomorrow and massive squeeze. Mark this post.
Mind to provide a link to what Niv said. I've seen all the interviews. Newco is a newly form entity form as collateral. Once the loan is paid all the assets are transfer back to New holdings. Is pretty clear on the loan agreement article 7.16. I can post it here agains if you want or you can ask Niv at the CC today. Going back to 17$.
No. Last reports indicate above 30% of the float shorted still.
Great!! This could be used as proof to claim and recover the negative balances.
Hopefully this matter is clarified on the CC and we can take off for good to double digits$$$$$
Agree 100% with you Newco was formed as collateral.
LOL. Some PUTS depend on that interpretation.
Right on!! Thats also my interpretation. Back to 17$ soon.
Bad news over there. CEO and directors selling their shares at half current pps. NOT GOOD.
I guess the News are out. Not good for shareholders here. Ouchh!!!
NICE AH!!!
Why this POS keeps going up?? Still scratching my head here. LOL
Why was this halted?
EOY we'll be happy investors. Trying to accumulate as much as I can at this levels. I'll be happy with a 25% year over year growth on pps. Hope TWEED start paying dividends down the road. Lets say 5 years. This is an excellent long and medium term investing opportunity IMHO. GLTA
How about GREEN today, tomorrow, Friday and ever after.$$$$$$$