Member Info for bonum

I think theres a lot of people who are fully aware of the point you made & are lining up to take positions - especially those talking about 55p levels etc. Lol Its also obvious many dont know that much about the company I dont know what the price will do very short term although am aware of the potential for a strong rise or fall due to the relatively low number of shares in issue. Thats part of what contributed to the extent of todays drop despite uncertainties already associated with the profits this year - thats why we had the major drop from circa 300p previously. Fundamentally the business is sound with a very strong, expanding order book. The main issues are associated with the fixed contracts on the windfarm rigs as well as the defered (to next year) profit from the other delayed contract mentioned in todays RNS. Steps are being taken to address that weakness in the company, independent of its other more profitable operations. The companys also able to fund existing contracts & service debt. Those vocal in knocking the company will also be ready to dive in en masse realising the ability of the SP to move up strongly short term & longer term back towards its previous levels. A clearing out of management before then, an addressing of the fixed price contract process & an expanding order book in a fast growth sector atb

at these levels its about picking up as a large a holding as possible for a long term hold & price appreciation. Thats why ive liquidating some of my BARC to further increase here imho & according to my own knowledge of the company & investment criterion of course dyor & make ur own investment decisions

They're appointing external advisors to identify & address the issues in place that resulted in the losses incurred for the trading year - mainly due to the process failures on the custom bids related to the wind farm vessels. The Investec rating of 55p is a worst case pricing until clarification on the management restructuring, banking situ & quantification of losses. We already know they intend to wield the axe regarding management & the rns sattes the company have sufficient cashflow to fund ongoing activities & debt repayments. We dont know how big the losses are for the year but the fundamental business going forward (and beyond the windfarms) is very robust as far as im lead to believe. What the price will do very short term is anyones guess. However the strong & expanding order book, profits to be carried forward to the next accounting year & the failures being identified for resolution, make this an excellent 'investment' prospect imho. Thats why ive taken advantage of todays drop to incraese my holding level with further buying on any dips. atb

Cheers mate. My investment timeframes mean i can just switch off the screen & relax while the company & share price recover. The canny ones were buying this morning ;) atb

Cheers. ironically i'm sitting on a bigger profit now then i was yesterday & at a much lower average thru buying more stock. I'd only did that as im 'convinced' of the business going forward beyond the supply & pricing issues thatll impact this year as we know. atb

Is that a guess or a given? cheers

Its had several sharp drops to around the 70p level (as today) & off the previous profit warnings. All times it recovered in the very short term to above 100p which i expect it will do this time as well. Near term news on the management overhaul which pi's have been looking for & cashflow situ adequate to progress the very strong oreder book & fulfill debt obligations already recovering & pushing back upwards

The company remains confident that it will have sufficient cash flow to fund its ongoing activities and debt repayments Beyond the problem with the windcarriers, theres a deferral of revenues from 2012 to 2013 on the seperate project. Those revenues are still in place for the company & will be carried thru to the next years accounting period.

Theyve had process failures for the custom bids but the company going forward with new & existing contracts is in very good shape. The decisions regarding changes in senior management would already have been made & as as the rns pointed out we should get notification of them shortly. Cashflow sufficient to fund operations & debt repayments The SP always tends to overeact on the this particular stock but quite happy to take adavntage of that this morning

as i mentioned before, 'this years a whitewash but the rest of the company is in very good shape' a great buying opportunity but dyor etc

Windcarrier 1 delivered 1st oct & and process failures for the custom bids being adrressed. Financial loss bigger then expected but order book good & suficient cashflows to fund debt repayments / ongoing activities and finally we'll get that axe to work on some of the management team Ive been doing some strong buying like a lot of other regular posters here gla

Looking for an RNS soon atb

might help the sp if they decide to initiate it - looks like might be the case soon. As i mentioned before we get big price movements off relatively miniscule volumes. Hopefully thatll work FOR us rather then against us as its done in the past. Cash position gives a deal of reassurance here & the fact that management / staff hold a large proportion of stock

that was a good while ago ;)

afternoon mannan. i got into EDL for a short time off a weekend newspaper article about massive coal deposits. Saw a massive institutional sell off on the monday. Pi's got turned over while institutions managed to exit at there expense - -makes u wonder?

agreed - terrible company / bod

a thousand pounds too much but whoever it was wants to be in the game - pure gamble

?

better then a lottery ticket Lol

50 M just brought - not a lot in absolute cash terms but someones still in the game