Member Info for bonum

my pleasure - good luck

Away from the screen but very happy letting my complete holding ride here. Were no where near the NAV which is a multiple of the current SP AND were still expecting news within the next week or so. It could be ANY day within that time frame. The fortunes of IPSA have fundamentally change now with the turbine slaes putting them in a debt free situ & well positioned to move forward The rise has just started as weve been saying these past few weeks & fully expect the SP to move into double figures gla

This has got a massive upside to current sp with near term news due on the size of the years loss which weve already been informed will be significantly greater then expected. Thats seen another big push downward on the price but the question is how much of any loss will have already be priced in. We could see a massive push up on any news release or a short term dip - im sure we're all aware theres plenty waiting to jump into the stock at the best price. perhaps the best thing to do is maintain a position with funds available for increasing on any opportunity (thats one approach anyway & covers against a fast upward move). Theres been good buoyancy in the price since the trading update with a deterioration the last couple of days associated with macro economic sentiment impacting the markets generally (imho). As long as the RNS is consistent with the update regarding the boards confidence in finanacing current contracts & servicing the bank debt it may be a risky move to be totally out of the stock imho Just my opinion but covered either way. Gla

already happening

Riddler you mean? Lol - he's okay & knows his techs The case for the stock is very robust now anyway

Good one to watch mate & not that many shares in issue so a may be difficult to get on a strong rise. Last time there was a surplus due to the credit suisses stock but they could be completely out now (not sure). good luck anyway

I cant envisage the creditors not giving the go ahead as theyre positioned on a priority basis AND the sale is very unlikely to have been transacted without close consultation with them. Given the NAV, potential going forward & the major breakthrough that the sale presents, the only real suppressing factor has been the Credit Suisse disposal which was initiated prior to the sale. News very near term as we know so a great stock to hold at this stage atb

Major catalyst for price growth with the turbine sales & low number of shares to impact the price upwards with the coming news & further development beyond that

x7 Bagger with that sort of rise!!

LAM wil eventually reclaim its crown for investors http://thumbs.dreamstime.com/thumblarge_575/12953873668hnDMQ.jpg gla

Good point & what a lot of people are missing is that expecations for a big loss this year will likely already be factored in to quite a degree. Even if it did drop to the levels people are indicating (quite possible i suppose) i would imagine any such drop would be very short lived given the company potential going forward - as long as thats clearly stated as the past rnss have indicated. Alternatively we could get a strong push up off figures that the market deem acceptable within the comments about losses given in the last couple of news releases & reassurances about servicing the bank debt etc. Either way as long as the company is seen to be operationally robust going forward beyond the current financial year any drop will be very short lived imho with strong buying pushing the price back up AND with a view to ALL the negative news now being out - that was never the case before. Thats why having a partial position with some on the side might be a good approach for those watching the stock for a potential holding. Todays dip was likely due to the retreating ftse imho & possibly a good opportunity for some to get that initial foot in the door. Dyor & make your own decisions of course.

dont know much about that one & dont really want to put my hopes on a court case - very confident about IPSA though & the company / sector itself. News here ON or BEFORE the 5th Nov so should be good for the price with Credit Suisse looking like theyve finished the selling they started BEFORE the turbine sale news. This stock has relatively few shares in issue so should see a very strong rise with the debt free situ the turbine sales would have created atb

read that as 33% up 2day & a much bigger overall rise compared to my entry price.

i was in LGO at circa 0.4p - one of the first to get in there a few weeks ago at that price when all quiet. 33% up on the ady with newsflow that was anticipated when i first brought. This has a much bigger upside imho, less shares in issue & a great NAV to provide an excellent safety margin at current price levels.

RNSs now - not long & a much higher asset value to give us a security margin on the current price level News on the turbine sales completely transformed the prospects here so comfortable waiting for a major push on the price here. gla

Cheers, my sentiments as well & in the absence of any specific details regarding the scale of the loss. I also think 1BigRob & SilverWolf make some valid points & ive also set up several limit buys around the 50p level in case of any sharp reacation to a forthcoming RNS. Im covering all bases with my existing holding & what may be an opportunity to secure a bigger position at those lower levels - glad to see u havent been fired btw ;) atb

RNSs are due within the next couple of weeks talk about an undervalued stock!!

oh really :)

If u say so lol

When you say "Spot on mate, this is not over yet, more drama to come" with reference to another posters expectations of a major price drop, do u have any idea of specific sentiment within the company related to the size of loss etc? Cheers