Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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just because a few profit takers took profit.... but spread is actually 0.4-0.47 so less than 20% spread....... it will tick up and spread close if buying volume increases... i think there are less £3000 worth left at 0.47p then its likely to break 0.5p in my opinion....... think it will move quicker....
Why the huge spread? Looks like a good speculative company to invest in but not with a 40% spread!
before they even knew the company was profitable and had 2.4m orders etc.....
Intellego*/** Followers of this company have seen a sequence of announcements, which in sum suggest that Intellegos new team of executive directors will develop the high margin side of the business with a lower cost base and with a cleaner balance sheet. The group has completed its restructuring including, we believe, the CVA that eleminated debtors. Going forward the quality of earnings should be more robust and visible because of focusing on the higher margin and repeat revenue business from an expanding library of Intellego owned material, such as the recently launched financial services products the Diploma in Financial Planning and the healthcare libraries, Zenosis and Think Medicine. Aim listed Net Dimensions has brought back distribution rights to its own branded e-learning solution for up to 464,000 pounds of which some of the funds will be offset against debts and Net Dimensions has taken an 13.7% stake in the enlarged group. We are reviewing our forecast but are confident that, perhaps at last, Intellego can build its acquisitive growth strategy from a stable profitable base. Buy
Growth equity and Company Research - Speculative Buy Intellego*/** There has been no financial or trading news since our last publication. Our stance remains speculative buy.
Shares in training and e-learning group Intellego jumped 45% after the group posted the first interim net profit in its history. Revenues were up 17% to £1m in the six months to 30 September, compared with £0.85m previously. Intellego also announced that earnings per share are now positive at 0.02p per share, up from a loss per share of 0.02p in 2009. The group swung to a pre-tax profit of £64,000 from a pre-tax loss of £323,000 the year before.
Shares in training and e-learning group Intellego jumped 45% after the group posted the first interim net profit in its history. Revenues were up 17% to £1m in the six months to 30 September, compared with £0.85m previously. Intellego also announced that earnings per share are now positive at 0.02p per share, up from a loss per share of 0.02p in 2009. The group swung to a pre-tax profit of £64,000 from a pre-tax loss of £323,000 the year before.
spread 0.4-0.47, getting tighter. should be over 0.5p very soon.
If the company's broker would also comment then we might see this fly earlier. Yes, still have a few in the old coin flip to use here, when and if they finally get some oil out that is, so am using other funds for now. All the best and good luck if you decide to buy. RR
i think this share will be good one i saw the broker also rating as strong buy !!!!!!! by the way are you still holding mta !!!!! its taking long time
The share price moved after the interim results (you need to read these) and the company moved into profit. Timescales are wholly dependent on and within what my earlier post described. RR
then why the share price was at 0.25p and only moved higher yesterday and within how long do you think will be 4p?
For what it is worth, my opinion is as follows: 1) The company is worth roughly ten times the current valuation (4p per share) 2) If sales continue at their current level the company is worth roughly twenty times the current valuation (8p per share) 3) There are numerous sellers that do not see the above and will sell. 4) The MMs know all of the above. So, where does that leave us? Well, whilst the MMs are receiving more offers to sell than buy, which is the current position, we will not see very much, if any, of a rise in the sp. As JohnLaw pointed out, MMs want the shares cheaply and only want to sell at the highest part of the spread. This is because of 3) and will continue until more sellers see 1) and 2). By keeping the spread as it is, MMs are not attracting buyers. They don't yet need to as they are making 20% with the current (actual) spread of 0.4p to 0.5p. The only way that this will change is if more people see 1) and 2) and on that basis ignore the immediate 20% apparent loss versus the 1000% - 2000% potential gain available for the patient. As I believe the facts and figures available that makes me a buyer. What needs to happen to realise 1) and 2) is for more people to recognise that they are there. This will take time in addition to buying pressure but the most rewarded will be those that take the opportunity now (opinion). This is not a ramp. merely my take on the value of this company. I will therefore be taking the approach that there are not many opportunities like this that appear (ever) and would expect you to make your own mind up after you have digested the facts available to you. This is not a "get me rich quick" share (how many are?), more of "get me rich quite slowly over the next 18 months thank you very much" share and the latter is fine with me as I have not seen any of the former. More than happy if you do not agree with me as life is about choices. All the best. RR
will move up sohrtly its just a matter of getting a few more sells out the way............
I can get 0.4p for 1.5 million but they want the full ask for 400K.
Keep up the good work, I've still got a few million to unload. LOL.
30 September 2010 Intellego Holdings plc ("Intellego" or "the Company") AGM Statement At the Annual General Meeting (AGM) of Intellego, the training company specialising in the retail, pharmaceutical and financial service industries, to be held at 10.00am today the Chairman, Angus Forrest will say: "Intellego is progressing ahead of the plans previously reported in the strategic review and annual accounts as sales and importantly gross margin are increasing whilst overheads have been reduced and are continuing to decrease. The Company has developed additional new published product ranges which are attracting interest: Compliance e-learning: a range of products, including Data Protection Training & Anti-Money Laundering, typically applicable to a wide range of organisations. A new business unit has been set-up to exploit these published products, run by an experienced manager it is expected that the new unit will be the Company's major engine for growth. As most of the sales growth will be in products developed by the Company and incorporate Intellego's IP this should benefit gross margins and capital values. This is the final day of the first half of the Company's year and I am optimistic that the progress made will be reflected in the interim accounts, further that the results for the second half year will show further improvement." For further information: Intellego Holdings plc Angus Forrest
in the 2nd half of the year, but have already achieved this in the firt 6 months, ahead of expectations....... this comment "In order to create value we plan to generate profits and increase the scale of the business so we continue to review possible business combinations which would accelerate that process." is also very interesting..... are they planning expansion thorugh a takeover, some joint venture options etc etc??
Outlook Since the start of the current financial year, sales are broadly in line with budget. As the full benefit of the cost cutting exercise begins to take effect, the Company is nearing profitable trading month-on-month and is slightly ahead of budget. We expect that the business should become profitable in the second half of the current financial year. At the start of September 2010 we are opening a new sales division to exploit our published catalogue, and have recruited an experienced sales manager to head up this new business unit, which we expect to be profitable by the financial year end. In order to create value we plan to generate profits and increase the scale of the business so we continue to review possible business combinations which would accelerate that process. Finally, I would like to thank the loyalty and contributions made by all staff, shareholders, advisers and suppliers through what has been a year of major changes and challenges. There was change in every aspect of the Company during the year and the Company has emerged with a stronger balance sheet, lower overheads, higher margins and new products.
Current trading The Board believes the changes made are beginning to have a positive impact in the current financial year. Turnover which was expected to fall, following the disposal of the distribution business, is now building. Margins are higher than in previous years, and overheads are lower. The sales pipeline is building and we have secured several significant initial project sales with FTSE-250 customers and we are now winning repeat business from them. Outlook
closing a little.
2.4m sales pipeline @ 77% profit = £1.848 million gross minus say 600k overheads = £1.248 million net profit x PE 10 = £12.48 Million mkt cap .................. current mkt cap c£1m
could see some big buys this afternoon. a big rise yesterday followed by stability today and then on the up again tomorrow...... last night we saw a big 3.3m buy and could see some movement this avo......
DYOR but looks a good company now. cheers.
Outlook We intend to build on the success of the first half year's results based on existing activity levels, supported by a sales pipeline with a value of £2.4 million. We expect a positive net earnings result for the full year as our product and marketing investments continue, sales improve and costs stay controlled. I would like to thank every member of Intellego's staff for their contribution in what has been a difficult period of change and to every shareholder for your continued support.