Craneware - CRW

Stock Requests 📈
1

Now that Freetrade are adding smaller-cap AIM stocks like Ceres, I’m making my first stock request.

Craneware are a tech company based in Edinburgh. The produce enterprise software for US hospitals, a third of them are already clients.

I don’t know US healthcare that well. But I do understand enterprise software (having spent the last 2 years of my life trying to implement an ERP system). This is software that sticks.

I invested earlier in the year on DeGiro, and am slightly down because they lowered growth expectations in June. It is still an expensive stock.

I would have bought more on the dip, but I got ripped off at Degiro. I paid for the shares, and then saw the trade an hour and a half later published on the London Stock Exchange for 4% less. Someone somewhere in the system screwed me over.

2

I tend not to buy outside the US exchanges on DeGiro except for ETF’s. It’s a €4 fee to buy and then again to sell shares on LSE. It’s better to buy the American exchanges. That’s why I bought Lloyd’s on the NYSE and not LSE

Edit: Waiting for Freetrade to launch here so I can buy all the FTSE stocks and not pay the exorbitant fees from DeGiro on Non-US stocks

3

I typically only open positions with 4-figure amounts. So the commission cost has never really concerned me.

But the 4% that some market maker sniped from me was egregious.

Maybe DMA will mitigate this?

4

I would have bought more on the dip, but I got ripped off at Degiro. I paid for the shares, and then saw the trade an hour and a half later published on the London Stock Exchange for 4% less. Someone somewhere in the system fucked me over.

@Han mind if I ask where can you see your trades on LSE and how did you know that exact trade was yours?

5

This stock has killed me again. Down despite a return to growth. Revenue is flat, and retention not as good as historic values.

https://www.morningstar.co.uk/uk/news/AN_1579783199718178300/craneware-expects-flat-revenue-despite-higher-new-sales-performance.aspx

The stock is not that liquid, you can easily find your trade on the London Stock Exchange. Only it’s not your trade because you don’t have that access, it’s the trade the market maker made.

I don’t quite understand how the SETSqx trading service works, it involves auctions at various points during the day. Maybe there’s a trick to getting more efficient prices?