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I think the point about us being the founders of a new type of business is well made. But also, we've had a very small turnover until now. Last year we turned over around �7 million. Some inner city gastro pubs may have a bigger turnover. However, this is changing and turnover is likely to be treble that figure in the year to 30 June 2018 and double again in the following year. The stock market should start to wake up soon. It doesn't look ahead anywhere near as much as we'd like to think though (in the UK anyway) but I think it will start to give us a better rating soon if the results to 30 June are as expected. At the moment I think it's Fleet that will give us lift-off.
Presumably over 10% now in the two funds. So a very successful fund that does meticulous research is heavily increasing. Should tell you something.
Forum actually had 3.96% at 31 July. So only around 8 million purchases recently. So quite easy to see that these could have been normal market transactions as there have been some very big days for share transactions.
I notice that there are 2.35m trades today going through ISDX. So you have to add those to the LSE figures. ISDX is usually quite low at 200-400k in a day. http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=100727
For every seller there's a buyer. Likely to be one or two big buyers to take the shares off profit takers.
Always seems to me to totally misunderstand current accounting standards. Maybe he still thinks that on long term contracts we don't take anything to Revenue and Cost of Sales but just show all outstanding contracts as work in progress. That would have been fine 40 years ago but ............
The A trades are really a buy and a sell. So it's not as simple as just looking in the buy and sell columns. Say we have a big buyer who places a buy order for one million shares. This is neither shown in the buy nor sell columns. Say that 10 sellers then sell 100k each, thus completing his order. All you have is a million shares sold ,but the big buyer has bought a million shares too !
The buys are just completing a sell order. ie they are buys and sells. So no surprise at all.
No. Auditors NEVER rely on the bank statements. They write a standard letter to the various banks, asking them to confirm the balances and to state whether there are any charges or encumbrances over the balances.
We're talking about 94 thousand (thousand not million) Euros capitalised as goodwill re Notify in 2013 and .w/o in 2014. I don't have an opinion on such a trivial sum
The company would not be allowed to just 'book' the Revenue from say a 3 year contract, in one go. It would have to be 'booked' over the period of the contract. Otherwise the auditors would have to 'qualify' their audit report as being in contravention of accounting standards, and say by how much they've overstated profit. That would be an enormous no-no which they just wouldn't do. With regards to goodwill- ' It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. However, according to International Financial Reporting Standards (IFRS), goodwill is never amortized. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements.' So you don't write it off unless you think it has lost value. The directors would look idiots therefore, if they purchased a business and immediately wrote it down - as if to say 'we bought Sourcebits this year but we don't think it's worth anything like as much as we paid for it !
Oracle - When you have a fast growing company which also has a lot of seasonality in its figures, you can easily come to erroneous conclusion by not taking growth ('trend') and seasonality into account. Over H2 as a whole, Revenue (on an annualised basis was just under 120m Euros. In respect of Q4 alone, Revenue on an annualised basis was just under 133m Euros. In addition, Go! Enterprise - the fast growing part, has a lower collection period than CitronGo. So if you take 120m Euros as Revenue re 50m debtors, it's not so bad especially when you consider that the part with the higher collection period is quite rapidly reducing as a proportion of total Revenue.
http://www.forumgruppe.de/en/listed-companies-public-equity/results-since-inception.html
I believe Ennismore have made a return of around 10% a year over a 10 year period. Forum, who hold around 4% of the shares, have a return of around 20% over a similar period. Forum go into a lot of detail - they visit the Directors and also spend a day with a sales team. They scale down thousands of potential investments to around 10. They have a small number of very highly qualified staff - Harvard Business School, Oxford, INSEAD (The European Business School, etc
Certainly PI's on AIM are really getting dumb these days. Are they incapable of analysing whether a particular growth company is cheap or not ? Apparently not in many cases, so they want to deflect comment to some transaction made by the CEO 5 months ago. Wood from the trees.
So another 50k today which looks like a sell. Wonder if it's actually a buy though ???
Just Trawl through every RNS since Dec 2007 Like I've done.
'No mate just adding balance to board. Is this the d q entertainment that went bust in December 2008 and now started up again. ' This DQE has been on AIM since Dec 2007 and has always been profitable. So what DQE are you talking about ????
So these rose from $0.7m in y/e 2011 to $4.2m in y/e 2012. In y/e 2013 merchandising will continue to rise, there will be a 2nd series of 52 11 minute episodes released as well as a one hour made for TV special. In y/e 2014 they should rise very fast with the full weight of Burger King behind them, delivering 18m Jungle Book meals a year (probably re birthday parties etc), with TV and in restaurant advertising. In y/e 2015 there should be a full length $45m dollar movie which should further increase Jungle Book revenues especially merchandising, falling directly to the bottom line. So the Jungle Book business alone, may be worth several times the present £13m value which the market is presently putting on the company. Then we have all the other series coming out with Peter Pan , The E Nesbit thingy, Lassie, Robin Hood etc + the success of the Charlie Chaplin cartoon likely to carry on etc
Hive’s buzz reaches US A leading US children’s cable channel is set to launch animated preschool series The Hive, which follows close-knit family of bees. The Hive Disney Junior will begin broadcasting the 78x7′ series in the US next month. This means The Walt Disney Company has acquired cable or satellite rights to it globally, with the exception of Australia and Israel, where it runs on ABC and Hop, respectively. Toronto-based distributor Bejuba! Entertainment has already sold it to the likes of TeleQuebec and Knowledge Network in Canada and YLE in Finland. The Hive comes from the UK’s Lupus Films and Monumental Productions and India’s DQ Entertainment. C21 reporter26-09-2012©C21Media