The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Turnover in the period was increased by 32% to £8.6m (2010: £6.5m). This increase was mainly due to the inclusion of turnover from the formerly deconsolidated Subsidiary, restarting of the Group's E&M business in Hong Kong , growth of 27 % in the value of the Group's Hong Kong construction contracts and growth of £0.42m in the value of the Group's Taiwan product sales. Our maintenance contracts recorded 20% growth for the Group as a whole, including a remarkable growth of 63% in the Taiwan business, which compensated for a 30% fall in revenue for its construction business. On the other hand, the Group's business in Hong Kong is relatively stable and continues to provide a stable profit margin and steady cash flows for the Group's operations. The Group'smajor customers in the Security and Surveillance Systems business are public organisations and government departments, which provide regular orders and reliable payment schedules. No bank overdraft and loan facilities are required for our Hong Kong company. The Directors believe there will be arise in demand for Security and Surveillance Systems business coming from proposed government infrastructure projects and from the commercial sector and a result anticipate that the Group's turnover from this division will further improve in the next financial year.
...just buy/hold as there isn't much stock out there....hence the rapid movement on little volume. They are wanting a premium for size. DYOR ;0)
That depends on how many and how long you want to hold. I think we will come good.
http://www.proactiveinvestors.co.uk/companies/news/33755/thursdays-most-followed-angle-thomas-cook-tate-lyle-rm-borders-southern-weather-lottery-33755.html On bulletin boards, charity fundraising specialist Weather Lottery (LON:TWL) seemed to be the talk of the day due to an increase in buying activity with a number of buys of 300,000 and more shares coming today, which pushed the price up 9 percent to 0.3 pence. Traders tried to find out what spurred the demand for the microcap’s shares with some speculating that there could be a reverse takeover in the making.
Less than 10m shares in free float. If/when media covers this, it will fly.
This is just solely to correct, or put some sort of record straight. Mr Koo has a holding(direct or indeed indirect) of close to 71% of the shares. There are not too many shares in free float, hence the movement when any selling or buying occurs. Things could get tasty from here towards the results at month end. Leader Smarts accounts will be included in this set of accounts for the first time in at least a couple of financial years. They could indeed make a difference, as we were marked down when Leader Smarts accounts were not included, we could just as well be marked up again, when they will be back with us, as confirmed in an RNS dated April, which can be found with a little DYOR. "The Group is pleased to announce that they have now successfully restructured the accounting records and books of Leader Smart for 2009 and 2010, pending confirmation as part of the local statutory audit for the Group's results for the year ended 31 March 2011. The Board of UniVision has received confirmation from their auditors that they have now re-gained control over Leader Smart and received the power to govern the financial and operating policies of Leader Smart. The Group will, as a result, be able to re-consolidate the accounts of Leader Smart into the Group's annual accounts for the year ended 31 March 2011." GL All.
Mr Koo has a holding(direct or indeed indirect) of close to 71% of the shares. There are not too many shares in free float, hence the movement when any selling or buying occurs. Things could get tasty from here towards the results at month end. Leader Smarts accounts will be included in this set of accounts for the first time in at least a couple of financial years. They could indeed make a difference, as we were marked down, we could just as well be marked up again. GL All.
Whatcha betting there will be less traded tomorrow...
....Red Hot Penny Shares. A guy named Tom Bulford is the writer I understand. He has his following(paying subscribers), but has made a few wrong calls recently. I believe he said to buy MFX @ around 11p a few months ago, now he is saying sell @ around 8-9p. Sounds like a real investment guru doesn't he?????.....NOT!! Picked mine up at the end of the previous week at sub 7p, snippet in the Mail that got me researching. Best of luck to all holders, as results due in the coming weeks.
MFX. DYOR, but results(touted to be strong) will be with us within the next 2-3 weeks. Don't miss out on this one, as Jim Mellon(has over 19% of shares) bought his last lot(100k) at 11.5p (a very shrewd guy indeed). I noticed this from his last results statement.... "I expect 2011 to be another year of "remarkable" growth for your Group. I thank all the staff of MFG for their focus, dedication and enthusiasm on behalf of their customers and shareholders". Jim Mellon Executive Chairman 29 March 2011 Looks like a very sound investment to me. Currently can buy at around 9.2p. So about a 20% discount on the price our exec' chairman last bought in at (11.5p). In a closed period at the moment for the directors, otherwise they would surely have been hoovering them up....BIG time imo. Certainly worth tucking a few away for expectations of very good results. Talk is... that we could be heading for 20-30p short-med term. Solid share and tightly held, and will move on even small buys, as has happened over the last few trading sessions.
Surely when the results come out towards the end of Sept',and will now include Leader Smart in those results, we at an M'cap of less than 1m will be seen as somewhat of a bargain? Would they state that they would be pleased to announce something, if it was terrible news? (The Group is pleased to announce that they have now successfully restructured the accounting records and books of Leader Smart for 2009 and 2010, pending confirmation as part of the local statutory audit for the Group's results for the year ended 31 March 2011.) Also I gain a little comfort from this statement. The Group is currently, in conjunction with a potential partner in the PRC, exploring strategic options with regards to the Group's assets in the PRC with the aim of generating value for shareholders. The partner has considerable expertise in the property market in the PRC which the Board believe will help with the expansion of the Group's E&M business stream in the PRC. This company is very much under the radar of most investors. It is the fact that Koo now controls 70.9%, that I feel is somewhat concerning people. If Leader Smart has had a fairly decent year or so, this IMO will get re-rated on results. dyor
Bought this morning. Will sit on them as value will out in the end.
You would think it would make sence from his point of view, but ya never can tell with these extra high risk asian companies. We await news of further developments. GL
Led to believe he would need 75% to demand a delist and take it private.
Check out these TWL buys in the last days/weeks. 1x 2,197,777 @.59p =£13k 1x 2,171,000 @.54p =£11.75k 1x 2,525,000 @.65p =£16.5k 1x 834,000 @.65p =£5.5k 1x 530,223 @.65p =£3.5k 1x 490,000 @.69p =£3.4k 1x 1,650,000 @.64p =£10.6k 1x 1,525,000 @.64p =£9.8k....being todays big buy. IF? it's the same buyer....totals £74k!!!!!!! Most over the respective currently quoted 'as was' price for each trade.
7 January 2011  Crosby Asset Management Inc. ("CAM" or the "Company") Holdings in Company The Company was today notified by ECK Partners Holdings Limited ("ECK") that, following a transfer of 167,314,703 ordinary shares of US$0.01 each in the capital of the Company, representing approximately 54.0 per cent. of the Company's issued ordinary share capital, to Old Church Street Holdings Limited ("Old Church Street") on 7 January 2011, that it has reduced its holdings in the in the Company to 109,538,018 ordinary shares of US$0.01 each, representing approximately 35.4 per cent of the Company's issued ordinary share capital. Old Church Street is a privately owned investment holding company that predominately invests in the natural resources sector. Old Church Street is owned by Eqinox Trustees for a trust for which John Mc Keon is the primary discretionary beneficiary. The Company has been informed by ECK that ECK has transferred the shares to Old Church Street in connection with a strategic partnership between ECK and Old Church Street that is designed to accelerate the process of identifying suitable acquisition opportunities for CAM in order to allow the Company to fulfil its previously announced investing strategy of acquiring holdings in natural resources, minerals, metals and/or oil and gas projects and companies, which the directors of CAM believe to be undervalued. Commenting on the transaction with Old Church Street, Robert Owen, Chairman of CAM, said: "I am delighted that CAM has obtained such experienced strategic partners in ECK and Old Church Street and we look forward to working with them to assist the Company in achieving its previously announced investing strategy of acquiring holdings in natural resources, minerals, metals and/or oil and gas sectors. I am confident that, together, we will be in a position to make further positive announcements relating to the investment strategy of CAM in the near future". Enquiries: Crosby Asset Management Limited Waseem Shiraz +44 (0) 20 7399 4384 Strand Hanson Limited Stuart Faulkner/James Spinney +44 (0) 20 7409 3494
Analyst: Philip Morrish Email: philip.morrish@gecr.co.uk Tel: 0207 562 3362 1Spatial* - Initiation of Coverage; Reverse Take-Over of IQ Holdings; Buy at 0.05p with a 0.123p initial target price Key Data EPIC IQH Share Price 0.05p Spread 0.04p - 0.06p Total no of Shares 21,205.291 million (post 1Spatial takeover) Market Cap GBP10.6 million (post 1Spatial takeover) 12 Month Range 0.0375p – 0.25p Market AIM Website www.1spatial.com Sector Software & Computer Services Contact Nic Snape Chief Executive 01223 433445 1Spatial as a well developed and focussed location based software business is returning to the public markets through the reverse take-over of IQ Holdings plc, a shell company. The takeover is subject to IQ Holdings shareholder approval in General Meeting on 18 October 2010 and will result in 1Spatial's shareholders controlling 90% of the enlarged but consolidated ordinary share capital. 1Spatial ended its financial year to 30th June 2010 with net cash of £0.481 million and sales and profits of £8.008 million and £0.073 million respectively. 1Spatial's strong management team has refocused the group's sales and marketing effort to capitalise upon the increasing numbers of geospatial opportunities that continue to emerge for this large ($2.65 billion market) and fast growing market (CAGR 38.4% 2006 – 2010). 1Spatial has net cash and is operationally geared and we are confident, subject to there not being a double dip recession, that our sales and, therefore, pre-tax profit and earnings per share expectations are deliverable. We are valuing the group on an EV/EBITDA basis. Therefore, with the 'consolidated' shares trading at 0.05p on the enlarged issued share capital, the market capitalisation is £10.603 million but the Enterprise Value is £10.122 million, which is 9.51 times reported 2010 EBITDA of £1.065 million. However, we estimate that by the end of the financial year to 30 June 2012, the group will have increased net cash from £0.481 million to £4.182 million, which opens up the potential of the group paying a dividend as early as next year. Despite the increase in net cash, were the shares trade on the same EV/EBITDA multiple of 9.51 times, then, based on our 2012 forecasts, the shares should trade at 0.123p and with the shares trading at 0.05p, we initiate coverage with a recommendation of buy.
Pretty sure it was a buy. My last few top-ups have been between .105-.12 so it could well have been a fill or kill order. If it was a sell I think it would tick down a little.
....has seen improved revenues for all offices and margins have also increased at the start of 2010. Factor in a takeover/merger???? So an improvement in revenues in ALL international offices, coupled with increase in margins. Must be better than last results or I will give this game up...LOL Like I said....I'm more than happy to hold and I will look forward to the interims in the next week or two. Bye for now. Kind regards.
Here is an extract from the last results; Revenues within all the international offices have grown during the period, despite the poor global economy, and 2010 has started very positively; importantly, we are also seeing an improvement in the margins associated with these revenues. I am happy to hold and wait for results, but PLEASE stop talking about the ficticious 100% spread.