FXCM~ $15.8M Net Profit, book value $13.5~ Updated DD
1) FXCM THE WORLD #1 FOREIGN EXCHANGE TRADING PROVIDER
FXCM Inc. is an online provider of foreign exchange trading and related services to approximately 195,000 active retail customers across the World. The Company offers its customers access to over-the-counter foreign exchange markets through its technology platform. It offers customers an agency model to execute their trades. The Company operates its business through two segments: retail trading and institutional trading. The Company’s institutional trading segment, FXCM Pro, offers foreign exchange trading services to banks, hedge funds and other institutional customers on an agency model basis. The Company also earns other forms of revenue from: referring broker fees and white label arrangements with other financial institutions to provide platform, back office and trade execution services, trading in contract-for-differences, trading in equities and equity options, payments for order flow, FX market prices and other various ancillary FX related services and joint ventures.
http://www.fxcm.com/
http://www.scribd.com/doc/258538134/FXCM-Q4-2...esentation
2) FXCM~ 4 big institutions hold 30.86% of shares
1) 1.9 Trillion Dollars Fund, FMR LLC (Fidelity Management and Research) increased shares to 4,918,818 (10.42%) as of Feb 13, 2015 from 673,450 (1.42%) Feb 09, 2015
FMR LLC was holding 4,918,818 (10.42%) as of Feb 13, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
FMR LLC was holding 673,450 (1.42%) shares as of Feb 09, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About FIDELITY.
http://en.wikipedia.org/wiki/Fidelity_Investments
2) $4.59 Trillion fund, BlackRock, Inc. holds 4,741,392 (10.1%) shares as of January 09, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About BLACK ROCK.
http://en.wikipedia.org/wiki/BlackRock
3) 3 trillion dollars fund, THE VANGUARD GROUP increased shares to 2,558,846 (5.42% ) from 2,504,226
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About The Vanguard Group
http://en.wikipedia.org/wiki/The_Vanguard_Group
4) INVESCO LTD Holds 2,400,347 (5.1%) as of Feb 13, 2015. New one.
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
4 big institutions holds total 30.86% of FXCM shares..
by the way there are 129 institutions that hold FXCM shares..
FXCM has 47.8 million outstanding shares
*********** Fourth Quarter 2014 Results *************
3) FXCM: Q4 NET PROFIT: 15.8 MILLION DOLLARS
U.S. GAAP net income attributable to FXCM Inc. of $15.8 million or $0.35 per fully diluted share versus $0.08 per fully diluted share for the same period in 2013 and $0.05 per fully diluted share in the third quarter 2014
Adjusted EBITDA of $40.8 million, up 53% versus the same period in 2013 and up 43% from the third quarter 2014
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
4) FXCM BOOK VALUE PER SHARE: 13.45 dollars
Total Equity: 643 million dollars.
Outstanding shares: 47.8 million
Book value per share: Total Equity/ Outstanding shares
$643M / 47.8M= 13.45 dollars
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
5) FXCM REPAID $12 MILLION TO LEUCADIA AND disposing of non-core assets to further repay a portion of the debt
On January 15th, 2015, FXCM customers generated negative equity balances owed to us of approximately $276 million due to the unprecedented volatility in the Swiss Franc
On January 16th, 2015, we entered into a $300 million financing transaction with Leucadia National Corporation
FXCM has since repaid $12 million of the facility and is in the process of disposing of non-core assets to further repay a portion of the debt
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
6) FXCM CEO: WE HAVE MULTIPLE BIDS FOR Japanese and Hong Kong SUBSIDIARIES .
FXCM CEO 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.
http://forexmagnates.com/fxcm-inc-conference-...6V96O.dpuf
7) TOTAL NON-CORE ASSETS EXCEED 250 MILLION DOLLARS
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.”
http://forexmagnates.com/fxcm-inc-conference-...6V96O.dpuf
FOR THE NUMBER OF NON-CORE ASSET LISTS
CHECK PAGE 10
http://www.scribd.com/doc/258538134/FXCM-Q4-2...esentation
BLOOMBERG: FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
http://www.bloomberg.com/news/articles/2015-0...ronts-loan
OTHER BIG MONEY SOURCE FOR LOAN PAYMENT!
FXCM letter to clients to repay negative balances
By LeapRate Staff on Friday, 01.23.15
LeapRate Exclusive… LeapRate has received a copy of the letter being circulated by FXCM Inc (NYSE:FXCM) to its clients having negative client balances in their accounts, following large losses by many clients last Thursday on Swiss Franc CHF pairs trading.
The losses left certain FXCM clients with an aggregate of about $225 million of negative equity in their accounts – and left FXCM with a major hole in its regulatory capital requirements, leading to a $300 million bailout of FXCM by Leucadia National Corp (NYSE:LUK).
Interestingly, FXCM tells its clients in the letter that if they hold more than one account with FXCM, any funds from accounts with positive balances will be used to cover the negative balances in another account.
http://leaprate.com/2015/01/fxcm-letter-to-cl...-balances/
9) BLOOMBERG: U.S. Is Seeking Billions From Global Banks in Currency Manipulation Settlement
....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.....
http://www.bloomberg.com/news/articles/2015-0...cmpid=yhoo
FXCM posted great financials 35 cents earning per share at Q4
3 largest trillion dollars fund increased their FXCM shares,
Plus the company paid 12 million dollars loan payment for the other big portion payment the company wants to sell non-core assets..
The company said they have multiple bids for their Asian subs.
STAY TUNED!!
1) FXCM THE WORLD #1 FOREIGN EXCHANGE TRADING PROVIDER
FXCM Inc. is an online provider of foreign exchange trading and related services to approximately 195,000 active retail customers across the World. The Company offers its customers access to over-the-counter foreign exchange markets through its technology platform. It offers customers an agency model to execute their trades. The Company operates its business through two segments: retail trading and institutional trading. The Company’s institutional trading segment, FXCM Pro, offers foreign exchange trading services to banks, hedge funds and other institutional customers on an agency model basis. The Company also earns other forms of revenue from: referring broker fees and white label arrangements with other financial institutions to provide platform, back office and trade execution services, trading in contract-for-differences, trading in equities and equity options, payments for order flow, FX market prices and other various ancillary FX related services and joint ventures.
http://www.fxcm.com/
http://www.scribd.com/doc/258538134/FXCM-Q4-2...esentation
2) FXCM~ 4 big institutions hold 30.86% of shares
1) 1.9 Trillion Dollars Fund, FMR LLC (Fidelity Management and Research) increased shares to 4,918,818 (10.42%) as of Feb 13, 2015 from 673,450 (1.42%) Feb 09, 2015
FMR LLC was holding 4,918,818 (10.42%) as of Feb 13, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
FMR LLC was holding 673,450 (1.42%) shares as of Feb 09, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About FIDELITY.
http://en.wikipedia.org/wiki/Fidelity_Investments
2) $4.59 Trillion fund, BlackRock, Inc. holds 4,741,392 (10.1%) shares as of January 09, 2015
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About BLACK ROCK.
http://en.wikipedia.org/wiki/BlackRock
3) 3 trillion dollars fund, THE VANGUARD GROUP increased shares to 2,558,846 (5.42% ) from 2,504,226
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
About The Vanguard Group
http://en.wikipedia.org/wiki/The_Vanguard_Group
4) INVESCO LTD Holds 2,400,347 (5.1%) as of Feb 13, 2015. New one.
http://secfilings.nasdaq.com/filingFrameset.a...5&pdf=
4 big institutions holds total 30.86% of FXCM shares..
by the way there are 129 institutions that hold FXCM shares..
FXCM has 47.8 million outstanding shares
*********** Fourth Quarter 2014 Results *************
3) FXCM: Q4 NET PROFIT: 15.8 MILLION DOLLARS
U.S. GAAP net income attributable to FXCM Inc. of $15.8 million or $0.35 per fully diluted share versus $0.08 per fully diluted share for the same period in 2013 and $0.05 per fully diluted share in the third quarter 2014
Adjusted EBITDA of $40.8 million, up 53% versus the same period in 2013 and up 43% from the third quarter 2014
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
4) FXCM BOOK VALUE PER SHARE: 13.45 dollars
Total Equity: 643 million dollars.
Outstanding shares: 47.8 million
Book value per share: Total Equity/ Outstanding shares
$643M / 47.8M= 13.45 dollars
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
5) FXCM REPAID $12 MILLION TO LEUCADIA AND disposing of non-core assets to further repay a portion of the debt
On January 15th, 2015, FXCM customers generated negative equity balances owed to us of approximately $276 million due to the unprecedented volatility in the Swiss Franc
On January 16th, 2015, we entered into a $300 million financing transaction with Leucadia National Corporation
FXCM has since repaid $12 million of the facility and is in the process of disposing of non-core assets to further repay a portion of the debt
http://ir.fxcm.com/secfiling.cfm?filingID=114...IK=1499912
6) FXCM CEO: WE HAVE MULTIPLE BIDS FOR Japanese and Hong Kong SUBSIDIARIES .
FXCM CEO 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.
http://forexmagnates.com/fxcm-inc-conference-...6V96O.dpuf
7) TOTAL NON-CORE ASSETS EXCEED 250 MILLION DOLLARS
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.”
http://forexmagnates.com/fxcm-inc-conference-...6V96O.dpuf
FOR THE NUMBER OF NON-CORE ASSET LISTS
CHECK PAGE 10
http://www.scribd.com/doc/258538134/FXCM-Q4-2...esentation
BLOOMBERG: FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
http://www.bloomberg.com/news/articles/2015-0...ronts-loan
OTHER BIG MONEY SOURCE FOR LOAN PAYMENT! FXCM letter to clients to repay negative balances
By LeapRate Staff on Friday, 01.23.15
LeapRate Exclusive… LeapRate has received a copy of the letter being circulated by FXCM Inc (NYSE:FXCM) to its clients having negative client balances in their accounts, following large losses by many clients last Thursday on Swiss Franc CHF pairs trading.
The losses left certain FXCM clients with an aggregate of about $225 million of negative equity in their accounts – and left FXCM with a major hole in its regulatory capital requirements, leading to a $300 million bailout of FXCM by Leucadia National Corp (NYSE:LUK).
Interestingly, FXCM tells its clients in the letter that if they hold more than one account with FXCM, any funds from accounts with positive balances will be used to cover the negative balances in another account.
http://leaprate.com/2015/01/fxcm-letter-to-cl...-balances/
9) BLOOMBERG: U.S. Is Seeking Billions From Global Banks in Currency Manipulation Settlement
....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.....
http://www.bloomberg.com/news/articles/2015-0...cmpid=yhoo
FXCM posted great financials 35 cents earning per share at Q4
3 largest trillion dollars fund increased their FXCM shares,
Plus the company paid 12 million dollars loan payment for the other big portion payment the company wants to sell non-core assets..
The company said they have multiple bids for their Asian subs.
STAY TUNED!!
