Member Info for bonum

Ive learned the value of patience when dealing with the markets. With IPSA ive no doubts whatsoever that the sale will be concluded successfully & especially with the new parties coming onto the scene. Thats why i took the drop today as an opportunity to increase my holding at a beneficial entry price. The illiquid nature of the stock results in big moves on relatively small volumes. I intend to profit on that when the sale is finally concluded which will be soon now imho. Have a good weekend

arent you out of the stock now lol Theyve basically said to Iris, "conclude the deal or lose the $3.1M already paid for good". The talk of new parties witha seriois interest in the turbines may very well do the trick - for all we know we could get a positive RNS on monday??? I'll comfortably top up at these levels & see this thru atb

prior to that they mentioned the modest extra funding so all going as expected tbh (bar the obvious delay in the sale conclusion). It also still is early 2013 I'll stay put with my holding & see the sale thru, especially given the added pressure on Isis now with the new parties entering the fray atb

The stocks fairly illiquid so both upside & downside moves tend to be exacerbated - will look for the sharp move north in time atb

i see your selling your holding. Good luvck with your other stocks & well done with LAM which we both hold. I've just sold the last of my FTE to plow into IPSA. The increased activity from new parties to the buying process should see us complete the sale eventually with what im expecting to be a stellar rise from these buy in prices. atb

If you check back on previous RNSs youll note that the plans for a 'limited' placement have been satted before & irrespective of the turbine sale. From the 3rd Sept Final Results RNS "With the much reduced level of exposure to Standard Bank and Turbocare, and the settlement with Sasol Gas having been achieved, our creditor position is much improved and we are examining options for raising some modest additional funding to resolve all outstanding creditor issues regardless of the timing involved in selling the remaining gas turbines." http://www.investegate.co.uk/ipsa-group-plc-(ipsa)/rns/final-results/201209031400013645L/ The agreement of there largest creditor to delay settlement until the turbine sale is completed, there cash generative position AND several parties now actively involved in the fray underpins the "Modest " aspect of there funding requirements. IF you really believe that any "Modest" share issue would be at the levels your suggesting & "we'd be lucky to see 4p again", it begs the question of why you dont sell - perhaps your interests are somewhat different then those expressed. Good luck all genuine holders & posters here

"take the drop as a good opportunity to buy" taht should have read

A few bits & pieces to consider in the RNS. Iris still spending money to comlete the sale process (apart from the $3.1M already spent) & discussions with other parties current to either facillitate a sale there and/or pressure Iris to complete. The tight working capital situation known prior to the RNS but also reassuring tahtthe largest single creditor (Standard Bank) has previously agreed not to demand payment until successful completion of the turbine sale. Everyone has to make there own - either stay on the sidelines as riddler suggests or take the drop as a good opportunity. I've taken the latter option for reasons discussed here previously but dyor & gla. Back to m y R&R for a while

See how youi feel when its 400 - 500% - thats still some way off of course as most will appreciate & reasons already given. Nearer term 200-250p+ within Q1/Q2 Have a good weekend all

Interesting points & even an 8p price target on the turbine sale gives us a 100% upside from current levels. Also the agreement with Standard about not calling the debt until the successful disposal of turbines, gives us further reassurance about the stock. They could do with having an investor conference outlining a more specific strategy going forward to capitalise on the growing demand in the region - perhaps they might want to do that after the current deals concluded. IPSA isnt my biggest holding by a long shot but one im comfortable holding given the circumstances of the company relating to the asset disposal & 'general' growth prospects. Just a question of waiting now. atb

reading back Ive mentioned further contracts in every paragraph - please excuse the repition as that particular points uppermost in my mind for various reasons. gla

The European markets overall pared back some of the recent gains so not particularly surprising to see LAM slip slightly consistent with that & other shares. However, stock specific fundamentals (together with a general consensus of macro market recovery this year) strongly indicates a continuation of the price trending upwards as the company recovery more strongly exerts itselff & further contracts are announced - New contracts are currently being negotiated so Im very confident of further positive newsflow underpinning an 'overall' continuation of the price rise. The Windcarrier 2 vessel should be handed over next week so probably an RNS to announce that & further broker upgrades as Lamprell continues to announce new contracts underpinning a move back to profitability, overall recovery & an appreciation of its mkt cap back to the upper levels weve seen before ie 400p+ A very strong buy for those looking beyond daily market fluctuations imho with my nearer term expectations looking towards the 200-250p range within Q1/Q2 (as I mentioned in a previous post(. That'll be underpinned by the further contracts Im expecting to be announced as well as a continuation of the move back into equities from a macro market perspective.

Agree with you regarding further contract news for sure

Theyve had the $3.1M (nearly £2M) from Isis for starters as well as increasing revenues from ops. Whats interesting is thev relatively low number of sells yesterday resulting in the 9% drop in the price. A successful conclusion of the turbine sale which Iris are still pursuing (as well as third party interest) should see the price here multibagging. Thats underpinned by the fundamentals relating to the negation of indebtedness position (which very few AIM companies can claim) resulting from the sale & the increasing capacity / growth prospects going forward. The upside/dowmside scenarios make this a definite & strong hold for me at curent price levels. One to at least have a foothold especially given the low number of free shares in issue. atb

As expected and more to follow as part of Lamprells recovery back towards its previous price levels. good luck all fellow holders

http://www.investegate.co.uk/lamprell-plc-(lam)/rns/contract-award/201302060700102075X/ Peter Whitbread, Chief Executive Officer, Lamprell, said: "We are delighted to be announcing a new contract win from Jindal for the construction of a Super 116E jackup rig. This is our second order from a highly valued customer and it further underlines both Lamprell's strong position within the market for jackup rigs as well as the continuing support of our existing customers. We have developed an excellent working relationship with Jindal and we look forward to delivering successfully on this crucial project."

2 were already sold and IPSA received a non refundable deposit from Lezayre Holdings prior to taking the $3.1M from Iris Eco Power (and still have ownership of the 2 Seimens Westinghouse turbines). The companys strongly cash generative now with a substantial part of losses attributable to depreciation costs & liabilities weighted on the loan payable to Standard Bank ,who have agreed not to demand repayment until the turbine sales completed. We also have increased capacity expected in early 2013 to further contribute towards revenues. However, point acknowledged about the time its taken to sell the turbines although in reality the main push has been thru 2013 & after upgrading the original Fiat Avio 501 D gas turbines to the Seimens Westinghouse 701 DU turbines. Atb

I noticed that ;) This is generally a great board to share information & opinions on & happy to contribute to the discussion. atb

a fair drop on relatively light volume - it shows the magnitude of price movements given the relatively few free shares around. agreed, a good buying opportunity imho

The SP level was around 3p before any news on the Iris deal so the additional $3.1M IPSA have received would equate to approx 1.8p on the price. Given that & the macro market recovery thats been happening subsequently, the current price doesnt reflect any premium associated with a successful conclusion of the sale, hence nothing built in atm. That, along with the limited number of free shares etc should bode very well for that major re-rating of the price & sustained upward movement looking towards increasing plant capacity & sector demand. Very much under the radar atm but one with a genuinely strong platform fora multiple appreciation of its currrent sp. dyor of course & gla