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I'll keep watch over Tapaas ... on the naughty step
Lol ... could be almost a "hold"? ... How long should Tapaas be made to sit on the naughty step for?
u r a gent...luv "v weak buy"..almost a "hold"?
Bought 10,000 @ 13.575p holding 40,000 (Av = 16.6p ish) ... run out of money, just being greedy ... still feel pretty clueless but P/E ratio looks really low! ... "Very weak buy"
No, sold out - half before; half after finals ...still hope for best for DQE, but, as you say, management is underwhelming
Hi Jolly... It has not improved and to make things worse they have their two main contracts on 120+ days and recognised revenue which is a long term contract from my quick skim....plus a reduction in bookings. Management is not a core strength.....and the statement reads like a mission statement as opposed to a forward looking trading statement..... The figures, forward booked orders, receivables, cash burn, do not match with the RNS and contracts wins...IMO (Very unpredictable) i still do not get the figures....and the management have not explained them away. Are you still invested......they must be trying you patience, but i do hope it turns out well for you... GL
From the income statement, profit attributable to owners is 296 million INR, with an exchange rate of 1 GBP = 86 INR, earnings is £3.44 million. * with 56.2 million shares, EPS = 6.1p ... which suggests to me that this company appears to be maintaining a consistent level of profitability, but I still find it difficult to believe and I don't understand DQE's situation.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11599209 *** Pretty horrid & confusing IMO, but EPS still pretty high (INR 296 million), however it is dwarfed by certain figures from the cash flow statement ... such as Depreciation & Amortisation of 526 million INR, increase in receivavles of 764 million INR, acquisition costs of 1183 million INR ... and it seems to be churning through bank loans and increasing its overdraft. *** A bounce would be nice! ... but it probably deserves to stay in the dog house!!
"The Group is making considerable efforts to reduce the amount of its receivables and is confident that by 31 March 2013 its receivables position will have improved substantially." ...grateful for views on this...in what sense has "receivables position [] improved substantially"????????
"debtors pile up as cash conversion problems continued to dog the company." ..."Hence the deterioration in operating cash flows to a negative 764m rupees from -293m rupees in the year before and the company's need to place another £4.1m in shares since the start of the new financial year so as to replenish its exhausted cash reserves" Until signs that this is being resolved, why take risk??
I added too, but only 5,300 shares as that's all the spare readies I had. 65K shares now, but at 22p. Still think that's cheap I've got to be honest.
Bought 20,000 at 13.88p holding 30,000 (Av = 17.6p ish).
definitely view this as a great opportunity to top up if you believe in the fundamentals of the company. Don't forget the directors signed up only a few months ago at 20p. I genuinely believe that there is huge upside here.
Yep, guess you're right and the exchange rate is worsening. Pound is strengthening against the Rupee. A year ago this was about 39p - what'll it be May 2014? Robin hood, Peter Pan, Mowgli to the rescue.
Yep okay, ta
Not great, I don't think SP will be doing much this year now, looks like its time to lock them in a drawer for a year
Any thoughts on results? flat ?
Results out
finally moving in the right direction. Massive upside here.
Maybe it should be "what a disaster the share price is" rather than the company itself. Looking at recent RNSs they are very proactive and have major projects in the works over the next few years yet the market is not reflecting the low PE and future pipeline. You did the right thing selling when you did but at this level if you dyor on current prospects some may consider buying and tucking away for 2-3 years. I am fairly sure the share price will be a lot higher by then...
I sold out at twice this price and lost money but certainly glad I did. The directors are either totally incompetent "or worse" - Just popped back to see if I made a mistake by selling Sorry to see you guys suffering so much but good luck. ATB
lol
...yes, Jolly well need it in bucket loads, my friend ...go well, RW
Good luck.... Hope you are wearing a safety belt.....hold on tight it should be an exciting journey, one way or the other. Yea...they are owed a lot..lol GL
If the directors are happy to pay 20p, then quite frankly I'm more than happy to top up at 16p. Pretty sure the reason for placing was to replace working capital that they were struggling to recoup from trade debtors though, not capex. Long term fundamentals here are very good indeed I believe.