Member Info for bonum

the 'educated investors' want clarity now and will appreciate any statement by the company focusing on the strong core operation & profitability going forward. A large loss for the year will have been factored into the price already with holders or potential investors now looking for the clarity that the new top man looks to be bringing. If the core business took us to 500p once it will do again albeit itll take a while to reach those heights again. Mind you the educated investor will see the viability of such a move with the sector potential & confirmation by the company of the integrity of its core operation atb

Good post from Oct 4th where you make mention of the 2educated investor" "the problem we have, is the people with limited knowledge of the company will be shorting for the hope of 55p. the EDUCATED INVESTOR knows the value at todays price. on 3 occasions we have gone to 69-80p and back to 120p within weeks. one bad apple project has left, now the lessons can be learnt for the second one. get that out of the door and the company should be back to where they belong. you all have to remember the share price used to be 500p. this company is not a comppany in a reducing market with extreme competition. they have simply been badly burnt by undertaking the wrong project for the wrong price. within the 1.5b order book you will not find the same project again. and i would be pretty sure they would not undertake the same type of work again. lamprell are not a ship builder, when the OLD senior management obvioulsy thought they could be. if the worst case scenario they loose 50-80m this year which has been conclude form an external advisor. then all investors will know the full extent of the damage and that we are good to gor for the future."

a bit of profit taking expected after yesterdays 19% rise. The fundamental shift in the companys prospects the turbine sales provides should give us a strong platform for growth beyond what the price does on any given day. Should see us well over the coming weeks & months (and the very near term news of course). Well done on the patience ;)

Further news BEFORE or by 5th Nov so more then happy to see a steady price appreciation & back to at least NAV near term atb

Thats not surprising in the current macro market climate although gradual recovery signs look like a more risk on environment taking hold. Looks like the seller was at work on friday as well before news of the turbine sales was released but an opportunity for more investors to take positions for a steady rise back upwards. As the chairman stated the turbine sales are transformational for the liquidity situ & the company going forward so good basis for that steady price recovery - also very near term newsflow atb

Very confident of LAM reaching those levels near term & much higher beyond the current financial year for reasons given o/t IPSA looks to be worth a close look but as always do your own INDEPENDENT research GL

We should get an RNS about the completion of the sale up to or before 5th Nov so could be anytime in the next 3 weeks. The sale would have been conducted with the knowledge of Standard Bank & TurboCare so cant see any problems there as priority creditors. With the Sasol claim also resolved IPSA will be in a very strong position going forward with no net debt & an expanding market to operate in. the remaining turbine sales as per the RNS today transforms the prospects of the company now so happy to hold for the move back to double figures. A very comfortable hold

An RNS on or before 5th Nov with completion of the sale at which time the liquidity position wil be completely transformed. "I am pleased that we have received deposit funds from Iris and I look forward to completion shortly at which time our liquidity position will be transformed, with cash on deposit and no net debt. I am grateful to IPSA shareholders and creditors for their patience." - Richard Linnell, Chairman http://www.investegate.co.uk/Article.aspx?id=201210150930026749O Not long to wait at all for further news

An excellent prospect basically for those that are willing to find & research it atb

A genuine Multibagger here which is why its such an exciting proposition. Should be pretty academic regarding the Standard bank approval with further near term news on that due. The sales totally transform the companys position going forward which is why its such a fundamental catalyst for the SP appreciation back towards the NAV at least.

Another RNS within the next couple of weeks confirming the balance of payments etc with some external coverage also imho

Commenting, Richard Linnell, Chairman of IPSA, said: "Whilst we had hoped that Lezayre would have completed the acquisition of the turbines by now, I am pleased that we have received deposit funds from Iris and I look forward to completion shortly at which time our liquidity position will be transformed, with cash on deposit and no net debt. I am grateful to IPSA shareholders and creditors for their patience."

cheers mate, this should start to see a really strong recovery of the SP beyond the small daily fluctuations we can expect. I think we'll see back above 10p over the coming weeks imho atb

Agreed, an excellent platform for the SP to satrt building up off its previous decline due to the turbine sale uncertainty & associated cash implications. Resolved now so a solid base to move up off

Many will have missed the RNS so expect the price to initiate & maintain an upward trend now towards those levels imho dyor all & gl

They asked for 4p from me. This should go way back up in SP with the sale covering there debt situ & giving them a clean sheet going forward - we'll see the SP move back into double figures now imho

EXCELLENT RNS http://www.investegate.co.uk/Article.aspx?id=201210150930026749O thought i'd have top wait a few more months for the sale but very good news

Interesting stock this one

I'll stop posting now - finally ;)

The GE takeover speculation was put forward by the Sunday Times and we'll have to see if that bears out or not and if any other parties are linked to similar action. I think we'll see near term movement based on the independent assessment thats been commisioned by the Lamprell. As i mentioned, i belive it'll emphasise the strength of the company's core business going forward while clarifying the extent of the years lossess due to specific fixed price contract processes. Also, a reiteration of the ability of the company to service the debt / existing contract costs etc. I think what shareholders really want is that sort of clarification without the fear of any more skeletons in the cupboard that defined the previous management approach. That and the ability of the company to move forward profitably beyond this year. The independent assessment should provide that & why i think it'll likely have a catalytic effect for an upward price movement - imho atb