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.
April around the corner means news of initial payment to avoid fee is imminent
1. They plan to sell their Asian Subs which could potentially raise over $250 million
2. Sell Fastmatch
3. Sell Lucid
4. They are OVER funded by $150 million dollars meaning they could use some of that according to the presentation.
Are you a pro?
We probably have almost $400 million to pay down the debt if you include everything.
Sticky!!!! Originally the sell of fastmatch and its other asset was going to be enough to cover a huge portion of the loan but now we also have bigger news read below!!! Not to mention that they are also superseding the required funds for liquidity by 150 million meaning they could use some of these funds to pay down even more!!!
Speaking during the earnings call, Mr Niv said, “We have decided to exit the Japanese and Hong Kong retail markets selling our locally regulated subsidiary in each country. The sales will not only generate meaningful proceeds, but will also liberate over $50 million of cash which currently resides in these two entities.”
“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.
From the $50 million which Mr Niv mentions, $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.”
listen to it yourself.
Can't wait for institutions to start raising their targets and issue news on this company. People fail to realize that this company is the largest forex company by a large margin. Do not ever use penny stock common thinking where only the big boys play.
So they kept the dividend?
Oh damn they need just 1/2 of the 300 million loan to meet requirements!!! Rocket!!! They will pay the loan by the end of the year!!!!!!
you haven't seen the statistics have you?
Those are just words, they could say that for every other country
I have no doubt this will rise but realize that BYSD just keeps naming countries, anyone can do that. Nothing official yet
Even better is that no one said they used 100% of the loan.
Yeah they specifically said more than a quarter will be paid back by the deadline in April
READ!!! We know that they got a loan for about 300 million. This is why there is so much bad talk about the company by analysts. What is most important though is that we don't know how much of that loan will be utilized.
How likely is it that they will also announce the sells of assets that were on sale and recovery on funds from clients.
They had over 300 mil in cash and are recovering what might be a significant portion of the losses. Good odds here for an awesome year
They had a little over 300 mil in cash and lost about the same with the fiasco then got a loan to cover the loss. So is the cash still there? Couldn't they use that to cover the loan or is it that they still need it there for liquidity.
It was oversold already and market reacted to a downgrade.
Went over 2% when all other were negative
Isn't it called quarterly report because well you have to wait till the quarter ends.
Bought 17's due late April.
Is it low volume or is it a halt?
We timed it perfectly. I am trading the weekly options and far out of the money options that expire after earnings
On very low volume so now not only will volume increase on news but shorts have to cover big time
FXCM Inc. (NYSE:FXCM) has witnessed a colossal drop of 7.7% or 1,110,147 shares in its short figure.
GOOD LUCK shorty
Odds are not on you favor buddy
Recently stated by Leucadia:
The $300 million loan to FXCM came together in just one day after a swing in the value of the Swiss franc left FXCM undercapitalized, Handler wrote in the letter.
“We believe that, with time and performance, FXCM will regain its position in the global markets,” Handler wrote.
Did they make an acquisition already
On my charts it is almost touching the YEARLY pivot, so it either breaks it or it is on its way to the moon. I am very confident that aluminum prices will double sooner or later therefore this is going much higher finally.
Just about every analyst is long this stock and it has been lagging big time, coiled spring.
They are paying more than the minimum and that in itself negates your view of things.
It not positive for them, are you kidding me.
$18 short term target, bought some April calls. Any day now the show should start it is way oversold.
Then leave or put your money where your mouth is and short it. I am long and not leaving.
Your statement is deceptive, you have not even taken into account the market share this company has.
:) more like 8 mil.
for all shareholders?
you want to see analysis of a guy that sells his product. That analysis takes one minute to do, look at your chart.
You know how many blue chips go weeks without announcing a single thing. Chill, no one is going to print a news story worth nothing.
Don't worry, I am very embarrassed to even be posting here. Lost too much.