Member Info for bonum

pretty much reflected the broad market sentiment last week - no share goes up in a straight line but the overall movement is most certainly upwards. atb

prefer the steady increases rather then daily spikes ;)

100%, 200%, 600%, 1000% or whatever as long as it trends upwards - my own view is that we'll see a multiple of the current price levels as the energy demand uptake increases

The worked target is as per my 08:23 post this morning but again, the more important point as opposed to any specific price projection, is the initiation of a new upward trend. The relatively few shares in issue, fundamental importance of the turbine sale & the energy growth expectations within the geographic area underpin the reasoning towards a strong uptrend here. At these levels im comfortably holding for a major, cumulative price move & the expectations of an upbeat trading statement reflecting that. atb

read that as H1 2013 as per the previous trading statement

Im looking towards the establishment of a longer term uptrend, given the sale of the turbines should be a fundamental catalyst to initiate growth off the inherant demand within the sector. The cumulative gains should impact the SP significantly over a period of time. That should be helped by the relatively low number of shares in public hands as mentioned previously. Looking towards the Trading Statement coming soon which should certainly present a much more bullish outlook for the company going forward as well the significant uptake of useage expected in H2 2013.

and the Trading Update expected in the next few weeks!

circa 600% upside if we reach the price targets previously quoted. However im looking at a positive & significant movement of the SP northwards whether we hit those specific targets or not. Should be the strat of an upward price trend imho

Todays news is great to have finally resolved the sale of the turbines. I'm now looking towards the company building on the improved financial setting & taking advantage of the opportunity for expansion in the IPP market. Further updates reflecting that should help us see a good & steady build up in the sp over the near & medium term imho We can expect a trading statement expanding on those points very near term gla

Slight modification of the calcs required from a £19.4m to a £16.1m but reflects the upside potential of the stock especially factoring in the major demand growth as mentioned should rerate on turbine sale, with valuation cash/asset of 13p alone, and total value for IPSA could be 23p? http://www.worldstocks.co.uk/forum/viewtopic.php?f=2&t=1925&p=23484#p23484 IPSA is valued below its assets at the moment due to its tight cash. However, should the sale of the remaining turbines is finalised this month, it will be the trigger for rerating, which will make it debt free company, and will have surplus of cash after the working capital requirement. Also, since the plant in south africa is already generating revenue, it is expected that it will be in profit/cash positive later in the year (ie no more fundraising/placing) calculation: the remaining turbine sale total proceeds = GBP 19.4m proceeds Will be used to pay off all debts totalling = GBP 15.8 (page 4 of the report) so, the company will have assets (and debt free) worth = net cash after sale of turbine = 19.4-15.8 = GBP 3.6m = other assets (property/plants) FMV worth = GBP 9.7m so, total assets 3.6+9.7 = GBP 13.3m and this excludes any attributable valuation to its revenue being generated by its operation in South africa, which in itself could be worth 10p more (i havent done any proper calculation on revenue in south africa). so, total value of IPSA would be 13.3m+10m = GBP 23.3m (will be higher should they ramp up revenue in the plant) Make your own decisions of course

That was the remainder of the funds due from Iris Eco Power. IPSA also retain some of the ancilliary equipment from the turbines to generate further revenues. I'll see if i can find the worked target price calcs but circa 23p & a major incraese in demand within the sector. Should get a further update on that soon & of course a much more solid footing to capitalise on the increased demand

Excellent news & will now let the company focus on operations going forward from a solid financial base Increaseing energy demands in there key geographic sector so expecting good growth here reflected in an appreciating sp. atb

Interesting times ahead!

Not sure if Rurelec are in line for the 2 turbines, as part of the Central Illapa Power Plant project recently given the go ahead. We should get news soon anyway with confirmation of a sale (or possibly extension of the Bluestone loan agreement) & the SP starting a move upwards. It'll be a milestone stage in the company's development when it happens but of course we're all aware of delays that have beset the sales process in the past. It's interesting that Blustone confidently increased the working capital loan a month after the initial arrangement & without any changes to the financing terms. A worked target of 23p here with a major, gamechanging position based on the completion of the turbine sale!

deal with multiple companies & often have have widely differeing perspectives on any company's outlook. I'm sure many of us can recall the infamous 35p target of a few months back as well as the opposite scenarios prior to the issues of last year - that's enough from me re: brokers! Sheffield owls, all very positive from what i hear & again, I'm sure official news releases will validate that. As it is, we'll get the news on successful conclusion of covenants soon enough, which will be the last piece in the jigsaw for more concerted Institutional investment. Razors edge makes a valid point which we've discussed previously on the board & something I'm particularly interested in for my own investment position here (& beyond the capital growth perspective).

I've had very positive feedback re: new order progress - I'll let the news from official channels validate that position. atb

A bit of profit taking today with a broker downgrade by Investec. Not really consistent with whats actually happening within the company and sector expansion. As with previous price dips within the current upwards trend, many will be viewing that as a buying opportunity with banking covenants expected to be successfully tied up very near term.

apologies, that was meant to have read H1 2013 & not "H2" - regular readers here would have noted the error i'm sure. atb

Don't give up the day job - good effort though ;) re: IPSA (and stocks in general), I'm selectively invested in some excellent prospects which don't necessitate micro management, hence comfortable waiting for the rns on sucessful conclusion of the sale process (I wouldn't be invested if i thought that wasn't going to happen). However, I do appreciate the frustration waiting can instill amongst fellow holders, whilst also appreciating the major upside potential here (reasons obviously discussed in depth previously). atb

I've been away on business so haven't posted for a while. I'm more then comfortable just to hold my stock for a return to previous price levels & establishment of a healthy dividend stream (something Institutions will be looking to as well). The shareprice appreciation is in accord with the overall recovery that the Company's undergoing. The official company statements have been consistent & unequivocal on that point, which strongly reiterates the viewpoint of those with a more immediate exposure to operations. I'm looking towards a 200p+ price level within H2 as I've mentioned several times previously & note quite rightly deanowls point of unannounced incremental work that's undertaken. I also concur with SilverWolf on an eventual return to the 400p+ level,s contingent on the consistency of the recovery playing out & importantly within the context of an extended timeframe. Confidence 'within' the company is extremely positive at this moment. Atb to my fellow Lamprell holders.