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http://www.investegate.co.uk/geong-international-limited-(gng)/prn/statement-re-culs/20130125090000PA1CF/

Its days of 400p+ ratings by the brokers will be back in time but much nearer time I'd actually be looking at price levels more in line with that mentioned ie 200p+

As i said previously this should be re-rated soon with the new upgraded broker targets reflecting the strong position towards recovery thatll be more then evident in the upcoming report. I hardly watch the boards or price as im confident of a move back above 200p nearer term with further contract news underpinning that. gla

Agreed. Weve all seen how strongly the SP moves here and know of the bargaining strength that IPSA & the banks currently hold over Iris. That coupled with the solid underlying investment case & the various worked SP projections circa 23p with NAV also a multiple of current price levels, makes this a very attractive investment prospect. Dyor as always but only a matter of time for a multiple price increase here imho. gla

I agree with you about the sp moving back into the '20's with the very low number of shares having strongly contributed to the stocks previous sharp price fall & likely to have the opposite effect with its uptake in fortunes. A very high proportion of the stock is also held in the hands of directors & employees of the company so not much free float for private investors at all. Im very comfortable holding for a move back to the much higher price levels while this stays relatively under radar atm.

There should be a further re-rating upwards of the SP very soon. atb

Mark Otto - 084 219 2000

Just back from a weeks break & noted the RNS of 14th jan without being too surprised at it. As i pointed out to mannan last week i didnt expect the sale to have been concluded yet but certainly expect the banks to extract a better deal from Iris Eco Power. As the RNS also pointed out Iris are still making efforts to conclude the deal as planned having already paid the non refundable $3.1M. In fact Standard Bank & Turbo Care SpA have Iris over a barrel in many respects and would be likely looking to extract some form of penalty payment to address the delay incurred & losses of interest revenues ect from the remaining $27.9M over the time period. Its basically a win/win situation for IPSA & their creditors with Iris incurring larger potential penalties with further delays. As the RNS clearly states Iris want this deal concluded having already paid the $3.1M. The dip in the sp may very well be a great opportunity for investors to capitalise further on the negotiations between the respective parties having seen the way the SP is likely to move on a successful conclusion of the sale & given the effect itll have on the future growth & capital position of IPSA. The real risk here is obviously a scenario from issues resulting in the non completion of the sale & the loss of Iris's deposit to IPSA's immediate benefit with retention of the turbines (which other parties have expressed an interest in). That would compromise the less immediate growth prospects of the company although possibly give them an effectively greater resultant cash sum upon a sale to another party. For reasons already given i doubt that scenario wil play out but it needs to be recognised. Overall IPSA are in a very strong position from events that are transpiring thru this turbine sale process. Although stocks like LAM comfortably constitute my main holdings, I'll be looking to increase some here for what i believe will be another strong push upwards very shortly. However do your own independent research as always & make your own investment decisions. btw. further clarification & contact can be made thru IPSA's director Mark Otto on - 084 219 2000 atb

The following is a post by nat 81 on another forum (link provided). I haven't checked out his maths as getting ready for my trip abroad but dyor etc. "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) while current market cap only around GBP 4m (at 4p sp) this will rerate big time once the sale of turbine is finalised and the company is debt free. let me know if I need to revise my calculation above. based on Interim result sep 2012 http://www.ipsagroup.co.uk/images/Interim_Results_2012.pdf http://www.iii.co.uk/investment/detail?code=cotn:IPSA.L&display=discussion

This ones set to go much higher still as it makes its way back on a recovery well above the 300p levels. Obviously wont happen overnight but there should be another step change in the price after the update later in the month & further contracts. I personally bought 10K more shares today at 125.42p to increase my holding so very comfortable with that (12:44pm) atb

Not quite so. I sold out AFTER the 30th nov deadline for completion was well past & BEFORE the 18th dec update stating that Iris wanted an extension. That was after putting a single post up about my concern with the delay at the time. I was shouted down then which was unfortunate. However, i do believe in being transparent on these boards. The 18th dec rns clarified the situ with Iris requesting the extension & parties looking to complete the transaction asap. Thats basically good enough for me to get back in with the comitment on the table to get the deal done and a current price not reflecting the value of the stock imo. Im generally an investor rather then a trader although not stuck in either mind set. I see the successful completion of the sale as company changing so comfortably looking at this from a longer term perspective. Its not every day that you get an opportunity to enter a stock just at the point of major growth in its development - were at that point with IPSA imho. atb

next 1-2 weeks atb

here for RNS (in france next week as i said) but should see confirmation of a strong uptrend off it - I'll be looking for a move into double figures in the very short term to better reflect the NAV & excellent prospects going forward. atb

Wait till news & operational developments after that - should be a complete re-rating of the price reflecting the much higher NAV, cash resources & growth prospects going forward. It's a company making development as we know but one the market wants confirmation of after the previous delay. Some of us are more certain of that outcome after the deposit already paid & the commitment of the company to conclude the sale as soon as possible. This will move soon enough!

Looking good for news on the turbine sale being successfully concluded based on the factors weve discussed. Obviously the uncertainty (and reason for the depresed share price) is linked to the extension asked for by the buyer but all parties seem to want this speedily concluded with Iris already having paid the non refundable deposit as we know. Its just a matter of time until we get confirmation of that imho but hopefully not next week as I'll be away in france for a few days. Very positive about IPSA though and looking forward to the company developing off the back of a very strong financial position that the turbine sale will give them - thats why its a game changer for the stock & company transforming for IPSA Group. atb

With the recent trading update clarifying uncertainties regarding the bank waivers, a further contract win, more detailed update due at the end of jan and very strong sentiment for recovery thru the $4bn bidding pipeline &sector growth - Id say there right about looking towards a lasting uptrend being established. Zac Mir's technical assessment was for a push upwards towards 300p which i'd be more inclined to see realized altghough with a longer timeframe then he suggests (4-6 mnths). However, with a recovering economy & further contract news im expecting here, who knows? Im disregarding any takeover speculation within that frame.

"China's surprisingly strong trade data fans optimism" http://www.bbc.co.uk/news/business-20968085

CHINESE TIGER!!

many of us see this as only the start but dyor - atb

I doubt Iris wouldnt have paid $3.M non refundable if the deal wasnt going to be concluded - Just a matter of time now atb