Gattaca In an encouraging year-end trading update Gattaca said NFI improved c.5% on a sequential half-yearly basis during H2, achieved against a backdrop of a challenging market. Guidance is unchanged for FY25, albeit any improvement in the underlying market is likely to result in an upward revision to estimates. Gattaca is clearly outperforming most of the quoted sector in NFI terms, declining by just 5% yoy during FY24, compared to a sector average of -11%. The group looks a highly attractive recruitment stock from the point of view of valuation, particularly as the net cash equates to 75% of its market cap. With no change to our estimates, we also retain our Fair Value at 140p / share.
Equity Development’s Post
More Relevant Posts
-
#stockmarketupdate "📉CalBank Trims Market Gains" At the close of trading on the Ghanaian bourse, the GSE’s benchmark Composite Index and the Financial Stocks Index slid by 0.02% and 0.05% to 3,537.21 points (+13.00% YTD) and 1,994.83 points (+4.85% YTD), respectively. The market was weighed down by CalBank, which closed 2.13% lower at GHS0.46/share. This comes after the company announced a GHS600 million renounceable rights issue, offering 1.872 billion ordinary shares at GHS0.29/share. Today’s activity generated ~GHS93,053 from 25,166 shares across 7 counters. CalBank, the day’s laggard, accounted for ~58% of trade volumes, while NewGold ETF accounted for ~74% of market turnover. [Disclaimer: This is is for information purpose only, Always Seek expert advice] #gse #investing #stockmarketnews #financialmarket #shares #investinghana
-
-
According to SEBI, around 92 lakhs individuals traded at index derivatives at NSE of which 85% made losses and incurred cumulative losses of around 520 billion rupees excluding trade costs . To control this, SEBI release notification. Measures of SEBI - 1. Low strike price. a. 50 strikes set for trade. b. Range coverage decreases by 4 from 8. 2. Upfront collection of options premium. 3. Removal of calendar spread benefits on expiry day. 4. Minimum contract size. a. Phase 1- Minimum value of derivatives contract at the time of introduction to be between 15 lakh to 20 lakh. b. Phase 2 - After 6 months, the minimum value of derivatives contracts to be between the intervals of 20 lakh to 30 lakh. 5. Rationalisation of weekly index products. means, choose one day in a week for expiry day. 6. Increase in margins Means, at the start of the day before expiry day, extreme loss margin (ELM) to be increased by 3%. And at the start of expiry day, extreme loss margin (ELM) to be further increase by 5%. A data of trading which increase in before and at the day of expiry.
-
-
Chartered Accountant & Business Advisor | KEDIA ARPANA & CO.
SEBI has released a consultation paper addressing the issue of volatility and speculation in the market, aiming to redirect household savings from FnO to more constructive avenues. It's crucial to consider the potential long-term impacts of preventing annual losses of 50-60k from being wasted. Restrictions on gambling and similar activities, especially Derivatives being the preferred channel, are being discussed. The proposed measures, such as consolidating expiry days and increasing margin requirements, might impact retail brokers and exchanges. Will these actions help stabilize the market and deter hot money flow? Share your thoughts in the comments. #SEBI #markets #nse #bse #brokers #amc #pms #CHARTEREDACCOUNTANTS #INCOMETAX #GST
-
-
Company Secretary || Arbitrator || Income Tax Practitioner || GST Practitioner || IPR Agent || Labour Law Consultant || Guest Speaker ICSI || Ex Committee Member of ICSI|| Young MCIA Member|| Building Startups||
SEBI returns NSE's proposal to extend F&O trading hours (May 07, 2024) Market regulator Securities and Exchange Board of India (SEBI) has returned NSE's proposal to extend market timings in derivatives segment due to lack of consensus among the broking community. The proposal was of a phased plan to gradually extend trading hours for index F&O from 6 pm to 9 pm in the initial phase to help market participants act on global news flow in the evening, while in the second phase trading could be extended till 11:30 pm. Finally, it was suggested that in the third phase cash market trading hours be extended until 5 #sebi #companysecretary
-
-
Senior Product Manager @ CoinSwitch | Building Pro Lemonn for Advance F&O Traders for NSE/NFO Markets | Building Derivatives for Crypto Markets | Stands Top #2 F&O Algo Creator on Tradetron | Options Trader Since 2016
#SEBI formed an expert committee (on Futures and Options) last month to tackle the issue of excessive speculation caused by high retail participation in recent years. In its latest consultation paper, SEBI has also recommended a reduction in weekly option contracts. Proposed measures to enhance the index derivatives framework include: 1. Permitting weekly options contracts only on a single benchmark index of an exchange 2. Raising the minimum size of derivative contracts by three to four times 3. Collecting the options premium upfront 4. Reducing the number of strike prices https://lnkd.in/gCh2f5dd
-
{An Exclusive Article} : Cracking nuts with Sledgehammers? SEBI’s Fit and Proper Criteria for Intermediaries In the recent times, the Securities Exchange Board of India (“SEBI”) has taken a slew of measures to catalyse investor confidence and to protect integrity of the securities market. Namita S., Partner, Cyril Amarchand Mangaldas and Adya Garg give a deep insight on the stringent regulation introduced by SEBI to the “fit and proper criteria” under the SEBI (Intermediaries) Regulations, 2008 (“Intermediaries Regulation”) and its Pros and Cons. Link to read the full Article : https://lnkd.in/d59cAnp3 #sebi #corporatelaw #securitiesmarket #stockholders #regulations
-
-
Manager | Global Capital markets and regulations | Team Management & Leadership | FINRA Series 7 | NISM certified | Project Manager | I helped 15+ successful projects, latest with stunning $1.43mn profit | Automation
SEBI Committee Proposals on Derivatives Trading (09 July 2024) 📌 SEBI is closely monitoring F&O trading due to a surge in retail investor participation and potential risks. The Working Committee on Futures and Options has recommended: ✅ Increasing the minimum lot size of derivative contracts to ₹20 lakh-₹30 lakh from the current ₹5 lakh. ✅ Restricting weekly options to only one expiry per stock exchange per week ✅ Limiting the number of strike prices for options contracts. Among the working group's suggestions, two measures, if accepted, will have the most impact on volumes: ✅ The steep increase in contract size, making it unaffordable for small-ticket traders. ✅ Limiting the number of weekly expiries, which will narrow the playing field for traders. SEBI chairperson Madhabi Puri Buch noted evidence of people borrowing for speculative bets in derivatives, risking household savings. Questions? Let me know in the comments below. Follow Adrian Da Cunha 🌟 for more such #finance-related content.
-
The #equities market recorded a mixed performance – the listed equities market, Nigerian Exchange Group (NGX Group) ASI, recorded a decrease of 3.44% W-o-W, and the NASD OTC Securities Exchange advanced by 3.26%. 🔗 https://lnkd.in/dyDVPb-a
-
Trading on the Nigerian Exchange Limited (NGX) closed Tuesday negatively, extending the previous day’s loss on depreciation in prices of Tier 1 banks like GTCO (-4.21%), ETI (-3.86%), UBA (-2.74%), FBNH (-1.75%), ZENITHBANK (-0.40%) and 19 others companies. The All-Share Index (NGXASI) was down 0.20% to close at 99,805.95 points, stretching Monday’s loss of 0.02% at 100,006.79 points. As such, investors lost N113.49bn as market capitalisation fell to N56.46trn, while the year-to-date return stood at 33.48%. #askproshare #marketupdate
Investors Lost N113.49bn as NGXASI Declined by 0.20%; BDC Rate Depreciated to N1,524/USD
proshare.co
