Member Info for asclypius

bunkermad nice comment, I held OMI before and I like the management but the biggest issue is mine life, it looks like they might have 2-3 years of production left and so without a radical change in the gold price there is zero prospect of any dividend before they have nothing left to work with beyond some exploration assets. They could have paid some dividends already but decided not to, so it looks like investors are not going to get paid anything out of this. Just my opinion but I guess it must be the market consensus now based on the current SP. Good luck

I expect this to die an ignominious death.

Market cap <£10m, 12 month return nearly -80%. Best case scenario is that they take it private a decent level but I don't see why they would. Why not just let it go zero and then walk away? Nearly there already.

I held this for a while and was thinking about repurchase. Unfortunately I can't make sense of this repurchase. Firstly, location - the company's HQ is currently in the UK, so this is a fairly radical move. Maybe it makes sense to relocate to SG but the rationale put forward is short on specifics. Also, one of the attractions for me in relation to ALY was their cash generation and cash pile. It's quite a different risk/reward now (although to be fair the debt is not huge and has a freehold property as security). Finally, as someone has already mentioned, does it really make sense for Laura Ashley to own a property like this? Doesn't it make more sense for a retailer to rent their HQ on a long lease than to tie up capital in this way? If the company felt like cash was burning a hole in their pocket, I'd have preferred to see greater investment in the brand, in advertising, in their products and in their stores. It feels like they haven't done much with the brand for quite a while and that's the direction I wanted to see them moving in. I'm still a potential buyer but probably not with enough conviction at this price.

I hope this is play money you are buying with (or what might be referred to as suicide money).

Good luck to you testpack. Looks grim to me but you never know.

There was no good reason not to pay a divi this time, why would they pay a divi next time?

The dividend cut is not a huge surprise, as the warning signs were there. The 2014 interim had already been reduced compared to the 2013 interim, and the scrip option was bigger than the cash option. I said this here in December. There is a real business and a brand called Camkids, but the shares have an ever higher probability of being worth zero. Look what happened to Sorbic recently (SORB).

"The Directors believe that it is in the best interests of the Company to conserve its cash during this period and have adopted a conservative approach to cash management. As part of this, all of the Company's Directors, supervisory level and above employees have agreed to reductions in their salaries. The Board recognises the importance of a dividend to its shareholders and intends to resume the payment of a regular dividend as and when market conditions improve."

Very bad news, no explanation.

Yes, but not with funds you wouldn't be willing to lose on a night at the poker table.

Good word testpack. It's true that this one doesn't have as many red flags as others in the category... it looks and feels like a real company... and so there can still be some hope that this translates into value in the shares. But what is the probability...?

Great work testpack but I am afraid that this share is now in the "too good to be true" territory, which combined with the probabilities implied by investor experience with other Chinese companies, and in the absence of any action or assurance from the NEDs, tells us that there is something terribly wrong. We can now think of CAMK.LN as gambling chips which might be worth something, but probably aren't. I cut my losses at 39p and consider myself lucky. Good luck and best wishes to anyone left here.

Good point jolly. They presented to investors in London last year and seemed genuine and decent knowledgeable guys. If they are happy to recommend the shares to investors then they should start buying themselves, they wouldn't need to put more than £50k-£100k in each to demonstrate that they are sure there is nothing fundamentally wrong with the shares.

Mould is the worst investor of all time.

Hi riddler. Agree. But then he only has 1,000 shares.

"Someone spent 11k on NBU shares yesterday so they must know SOMETHING about the company" Jesus wept.

She was/is the Chairman's daughter, this resignation makes little difference to corporate governance IMHO. Most likely worthless, put a few quid in if you enjoy making bets on things which are impossible to analyse. Regards.

The cash dividend has already been reduced, isn't that quite a serious red flag? They say they remain committed to a progressive dividend policy, but I'd be happy to bet that only the scrip option will be progressive, and that the cash option will be flat or lower. Having the scrip option and the cash option at different values is another alarming red flag in my opinion - how many other companies do that and why? (the answer is not many!) I still think on balance that this is probably a real company and it is probably not out to screw the UK shareholders, but would recommend anybody dealing in this to keep their position size very low. I no longer own it and have no desire to get back in at any price. Risks can't be controlled or understood here.

Agreed - if it was a bond then it would certainly be junk. If we consider that there is a small chance that a Chinese AIM company is not worthless to UK investors, and we bear in mind that this is also listed on Hong Kong and had a decent history up until a few years ago, then maybe there is an argument for a small punt at 6p, which prices it like a call option. I probably won't do it, though.