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I predict that ST in IC will comment on this company in the net few days with a following increase in the sp.

I predict that ST in IC will comment on this company in the net few days with a following increase in the sp.

Absence of an announcement of a major contract win was disappointing. Jam tomorrow is OK'ish......jam today actually feeds the hunger for sp action.

Very positive results announced today with all key metrics - turnover, pre-tax profit, dividend - all showing appreciable increases.

Today's RNS shows that total cash is £12.5m, at current exchange rate. Surely the business is worth something?

Thanks for the link. I see the price target is 160p. Personally think it's closer to 170p but, hey, what do I know!

I could not have wished for a more positive trading update. Today's statement vindicates my view that this is a rapidly growing business which 'sticks to its knitting'.

I suspect, however can't be certain, that the delay may be due to the need to seek a possible means to give shareholders a choice of capital or income. I've seen this used in some other similar circumstances. The following quotation from the 2015 Final Results may be a clue: "The Company will make a further announcement in the near future on the quantum and arrangements for returning surplus funds to shareholders."

I rarely risk trying to catch a falling knife. However in this case the sp fall looks far too dramatic so I've put my money where my mouth is and bought at 354.5p. This is not a recommendation to follow my lead.

Quite why anyone is selling escapes me.

Thanks for your efforts. Convinces me that this is a company which will, one day, come good. Might be a few years to wait.....I'm prepared to do so.

Spot on! It was always to be reasonably expected that Wizard would reduce its stake. In still holding 27% I would expect them to have several more share placings as they reduce their exposure. Each will likely cause a short-term reduction in the sp. Each will create an opportunity for value hunters, like me, who want to be involved with a business which simply throws off cash.

Much as I'm enjoying the escalating sp, towards my 360p target (see previous posts) I suspect that we may be due a temporary reversal ahead of the next results announcement.

Moved on to the next 'sure thing'. I understand that, like those migrations on the Africian plains, they do do on mass without knowing why they do it.

ST in IC has pointed out, as was previously clear to anyone following this site, that the cash on the balance sheet exceeds the current market value of the company. This means that the Phoenix operation is, bizarrely, valued at zero. 200p here we come.

Over 1% of the shares sold today. Company is flush with cash yetis seeking to raise money through the high yield debt market. If prospects are so good, raising money would not need to be high yield which smacks of potential debt investors needing compensation to offset their perceived high risk exposure. All in all I intend remaining on the sidelines until the BoD provide much clearer explanations of their intentions.

The cash balance of US$85.162m is after payment of the redundancy costs which are shown as US$2.233m in note 4 to the accounts. Therefore if the BoD distribute 145p per share that would cost £42.335m leaving a cash balance of about US$12.6m. That appears an excessive amount of cash retention, given the potential future cash needs of the business. I wonder if the BoD, after paying out a cash sum to investors, either have, as yet unannounced, plans to invest the remaining sum or, after a suitable period, reduce the number of shares in issue through a buy-back programme.

Still no news about how the BoD is going to turn a modest cash pile into wonderous returns for shareholders. Maybe those on the other side of the intended 'game changer' think they will also profit from the deal. Glad I sold out of here.

Look good with solid prospects. Tad disappointing that the announcement on the amount and timing of the return of cash has yet to be made.

He shares a name, and may be the same person, who is involved at director level with Lynx Capital Ventures, Amino Technologies and various companies under the group name Azini. If it is, he surely has a far better grasp of Pure Wafer's value than I do!