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Steve Cheers for that. I think the speed at which the share reacts on almost any trade supports the theory that these are in short supply. There will be good news ahead - the final quarter to 31 March is typically the company's best and looks set to be so again. This price is a little nuts to say the least!
FWIW – Just spoken with my broker – apparently shares are in very short supply – not many available – he does not know for sure but thinks there is a positive RNS coming. Of course, he may be wrong, but, I pass it on FWIW. Have a good weekend all, Steve
Still very thinly traded, but can move quickly on a few buys - I am thinking we may have bottomed ?? I have been watching here for a long time - and finally dipped my toe in. Let's hope I have my timing right. Ciao Steve
If I had funds I'd buy too trust me!
Careful! You'll be done for insider cleaning.
near the close, two trades. one for 20k and one for 10k at 14.25p. in theory this quarter should show some good numbers. traditionally a good quarter and there was some income delayed into this quarter from the last quarter. Lassie and robin hood due for completion in march and April….should hear some business news regarding these two. JB movie has taken sssssooooooooooo long to finalise funding and distributor…..one day an RNS will pop up and I expect DQE to have given away half the rights to fund the movie….clearly , they will be making it with production partners in France and Canada. difficult to buy when sentiment is so poor but that is when you get a fantastic price. MC about £8 million atm…!!!
Bought 10k @ 14.59p each (inc dealing costs) ... anticipating a clean up, sorry to have missed the last one!
it is in aright old state. did offer to do a bit of cleaning this weak …..maybe it's a sign! i will let you know if i start to do any
not you're, my apologies!
You're house must be filthy!! Technicals suggest that there is only so much more harm a few more bacteria can do however, so might start to react to a good deep clean as soon as you start.
Sorry folks, I'm out for now - that's my 25K sell at 11:43. There's a lot I like about DQE, but I can't see any immediate catalyst for this to re-rate. The share has looked super cheap since I first bought 18 months ago, but it seems to be a bit of a value trap. Until I see signs of improvement in their underlying business and clearer financial reporting, I'm staying on the sidelines. Good luck to those with the patience to stick it out.
seems we have a 10k and 5k buyer the last couple of days. think we are poised for a breakout here
Looking at the last results dated 30 September 2013 and the cashburn in that period,I feel a funding may be on the cards - does anybody else share this view ? I am tempted to buy, but not at this price and until I feel confident that a funding will not be needed. Perhaps others with more knowledge of this share than I could offer their thoughts. Thanks Steve
We are going to 16p before interest is shown again, well thats where I will be showing my interest.
& away
just need the guys with the buys vol & we're cookin
Hey -sorry I seem to keep using your name in my posts to you - it's the child in me!! Yes, absolutely, a very good point that debtors are balance sheet and indeed there is no point working and not getting paid. However, bad debt write off is P&L and they have provided where they see fit it would seem. Also, I think it has been muted that they are getting on top of debtors. What is good is that they know it's the problem and have said as such, rather than burying their heads in the sand or pretending it is a non issue. Bodes well I feel. Atb.
I read Paul Scott's article - thoroughly unimpressed. He seems to start from the premise that it's an Indian company, therefore something must be fishy (a position which at best is blinded by simple prejudice, or at worst is racist). But he also displays a complete lack of ability to understand Financial Statements. For example, he says "I'll only accept intangible assets if...". Companies are required to show intangible assets under specific circumstances under specific Accounting Standards - you can't just choose to expense an item if it has to capitalised, and vice versa. And yes, Trade Receivables are too high, which management have accepted. But they aren't the "frankly ludicrously high 18 mths" worth he claims. He has failed to note that over a third of the Total Receivables is made up by uninvoiced revenue (again, as would be required by Accounting Standards on Revenue Recognition, and as you'd expect for TV & film production businesses like this), and so you wouldn't expect this amount to have been paid. So yes, Trade Receivables are higher than I'd like. But no, the existance of high Total Receivables and Intangible Assets do not give any indication at all of any existance of any fraud or false accounting.
yep...BUT rev conversion to cash is the huge issue here and that is a balance sheet issue
Jolly good post old bean! Huge sell off. Why somebody would value a company on a BS alone is quite beyond me. Not really a great idea to ignore the revenue stream is it!!
16.70-16.95/17, I think ...I suspect Paul Scott's analysis may wear a little thin...in which case, fingers on the buys, guys (and girls) ...no advice intended
not that keen on Paul Scott's Red Flag style ...this has a cash conversion issue it seems...but does Paul understand Indian business?? ...the huge upside potential is Jolly enticing ...no advice intended
Volcano, I was trying to point out to you that Paul Scott wrote similar $hit about QPP, yet the share price went sky high. You said that you have been picking losers for 15 years now. Don't you think that it's now safe to say that after picking losers for 15 years that investing in individual stocks is not for you? Especially foreign companies with currency risk because you seem to have a hard time understanding what that means for a company such as DQE even after I explained it. You have been going mental on almost every 2/3% drop during the last month. Investing in an illiquid stock such as DQE can cause paper losses of 30/50% in a matter of weeks. It can also go sky high on low volume. Not every investor can handle such violent swings. Why not invest in funds? It would save you time and stress while still being invested in a lot of different companies.
The guy is an ass! Investors who buy or sell shares based on advice from an accountant will never get rich! ; )
Hi mate i did come across to QPP when share price was 7-8p but sold to soon look at it now . but that don't make any happier with DQE at the moment is on a slippery slope i can see the lows again. the trend is not looking good what ever you say . Support & Resistance More 2nd Resistance Point 21.417 1st Resistance Point 19.583 Last Price 17.750 1st Support Level 16.733 2nd Support Level 15.717