Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Up 14% down 14%, spread narrowed. Interesting. Will be looking to buy, but the trouble is, I have a lot in moni and they are rising fast.
I stand corrected, AIM stock is ineligible for the most part. The only way round that is to add stock from a premier FTSE company (like 3i) who hold shares in these small fry. That will take a bit of reseach, though! - As for PIM, it is oscillating rather wildly at present so I personally will stand back and wait until that spread narrows considerably, or at least to something approaching rational risk values.
Yes agree with you. Now can you do something about the spread?
My understanding is that you cannot put AIM companies into an ISA unless they are also listed on another stock exchange. But even then some ISA providers still won't let you!
Yes but my info is that you cannot put AIM Companies into a share ISA. Is that wromg?
www.investegate.co.uk/Article.aspx?id=201004290700079871K
PIM had a nice lift today, and it is a nifty little company in several appealing ways. But it is no Monsanto, alas!
Market cap of under £12m is ridiculous when compared with the potential. SP ought to be at least the 45p it reached last year as PIM is in a much better position than it was then.
I'm not in here yet, but hoping to get in when funds permit. This appears more good news. I live within a mile of the companies offices, so if and when I do get in, I would be more than happy to try and make an appointment to ask any questions anyone has
www.investegate.co.uk/Article.aspx?id=201004280700088436K riddler - i emailed ASR this am for update LOL
A share ISA is a share ISA - you can put your grandmother in there if you commoditize her. - Regarding the spread, that has to narrow, or simply wait for the dips (if you believe they will happen).
Your exactly right. The spread is huge. I have this on my watch board, but you just cannot buy at these prices. Can you put an AIM company into an ISA- I am told not.
This stock appears to have flat-lined of late, and the spread is really discouraging trade in this stock. It seems to be more at the mercy of its own talented staff to produce the goods. You have to believe in this one to stay the course. On a personal note, I do like this company a lot, and would position some stock into an ISA for a long term hold, but will wait and watch for a narrow spread that the current one.
This hasn't happened before over the past 14 months. PIM is my largest investment (out of 17), constituting over 20% of my portfolio which is probably not a Good Idea! But I've learned that spreading myself too thinly is not particularly good either. I'm convinced PIM is extremely under-valued along with KIO and I'm holding both until the Meerkat agrees with me. Simples!
We are experiencing some jitters with PIM at present. The stock went sweetly up, and then down. I think we need to focus on fundamentals here as only be the speculators are the actors taking the stock price for a spin.
Streaky, thx - VLE remains a bargain imho based on a 25% discount to cash per share, let alone anything else! An excellent new article on Proactive Investors today re PIM should bring some more interest over the next few days. Too long to paste, so here's just the conclusion - given that PIM are expecting £3.5m revenues this year, and with the Arysta partnership, I'd take issue with the "very early stage" description, but otherwise it's pretty fair on first read: http://www.proactiveinvestors.co.uk/companies/news/15106/plant-impact-positioned-to-benefit-from-increased-need-for-food-productivity-15106.html "Tuesday, April 13, 2010 Plant Impact: positioned to benefit from increased need for food productivity" "Summary Plant Impact’s revenues have the potential to accelerate on the strength of the deal with Arysta. The shares are not without risk as the company is still at a very early stage in terms of product launch. However, Plant Impact has developed a portfolio of fertilizer and pest control technologies with a wide range of agricultural and horticultural applications. Plant Impact and its technologies are well positioned in the industry and supported by macro trends in population growth."
thanks and good luck with angm and hrco (especially since I'm in both those as well!)
well, if I'm in it's thanks to your tip...which I sat on for a fair while looking for a good entry point, which I then got after the placement drop. CHL had a good day today as well (another of your old tips from a fair way back). Have you any thoughts on a similar company KLG? GedW has just recommended it and, although it does look oversold, the techs aren't everything. I'm currently reading up on it. Sorry to all for the off-topic question. A coal producer in Indonesia could be further removed from PIM!
from all those exclamation marks, I take it you haven't bought back in yet.
Anyone know what is driving the rise... ?
in the right direction
good find, thanks (good call on VLE as well)
A recent post-placing 20 page analyst note from Allenby Capital has been made available for all to see at: http://www.mediafire.com/?2nmqqyzmidm They have a £26m EV, which compares nicely to the current £9m m/cap (including the £2m cash). And that excludes any value for Speedo or the pipeline: "We give Pi an EV of £26m valued on future cash flow from sales of CaT™, PiNT® and BugOil® alone. No value is given to Speedo™ despite commercial sales already happening, and no value is given to Pi's development pipeline. Our model includes the acceleration gained from a successful £2m fund raise." "Increasing pressure on arable land, coupled with a consumer driven shift away from synthetic chemical agricultural products is creating a mass market for ecologically sound alternatives. Plant impact ("Pi") has world-class products that qualify and sales are growing. Pi expects regulatory approval for its lead pesticide BugOil® to be granted in 2010, triggering further sales through a licensing deal already in place with agrochemical major Arysta Life Sciences ("ALS"). Pi has raised £2m of equity to accelerate sales roll-out of its two leading crop nutrient products. Valued using modest forecast sales of these two products, revenue from BugOil® and a 16.5% WACC, we give Pi an EV of £26m. Pi is at a similar stage to its AIM peer Plant Healthcare, which is valued at £110m. We see significant upside in Pi's share price."
Would be interesting to know where resistance is lying and where MM' listed (Both sides of book) ? Any help appreciated ATB Wooly.