Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Not much on here from Sheffieldowls but then again BONUM fills the space with his indeterminate views.Really does need to see someone.LOL. Dog days for Lam.I`m dreading the Trading Update.It could spell the end or at least bring a White Knight charging across the desert.The senior management are highly culpable.$100m loss followed by 45 p SP.....?
The price wil drop once the true news is out.None of us know the full year loss.Potentially looking at US$ 60-80m Lam cannot fund its clients projects any longer.They used to fund on 80:20 basis.No cash no deals. 40 p here we come by end of Nov.
The next IMS is due at the end of October.This will state either Lam is trading in line with expectations or something worse.The year end expectation is 17-20 m loss.There is no further news on Windcarrier which is sitting in the dock at Jebel Ali or other loss making contracts.I would be most surprised if the loss doesn`t exceed 20m.My guestimate is 23-26m.Lam is now paralysed-it cannot fund its major projects and it is losing its client base.Very sad.
I agree that on the face it you have no choice other than to "hold",however,there is much chat that indicates bad news still to come.I`m not sure if I was a director expecting the bullet that I would be buying stock in any event. The new Chairman has not wielded the axe.Why oh why?
Interesting company new to market operating in the metering sector.Its competitor SMS came to market (AiM) last year and its sp has doubled.EAS looks a much better run business. Looks a good buy at sub 200p
No reaction here? Perhaps we all expected the May Bubble to go pop eventually.You cant fool the people all the time as the saying goes!
Colzo-BUY!
Why should an £800 investment change things.We are dealing in fractions here so 200k shres bought does not mark the start of anything big.Patience is required and just ..maybe we will see 1p plus....
Let`s be clear there have been NO director purchases since the results.Surprising that after 19 March they have not bought. Chimpchoker must read more Shakespeare!!
The directors were buying at 80p last Autumn!! If they are so confident why weren`t they buying at mid 20 s?!!
Solid results but has anyone noticed the increased level of asbetosis claims paid? Over £5m.Double previous year.Actuarial forecasts predict substantial increase of claims across industry but Cape remains the sitting duck for claims lawyers.Beware.
What does Cape have to do to please youCalrkus.These are excellent results set against economic conditions.They can hardly step up to the main list with a market cap of under 40m.SP to double short term
First half claims were £2.0m.Second half will be interesting.Govt is determined to see PP cases compensated. Actuarial opinion on asbestos show claims yet to peak.
The judgment on Pleural Plaques (a form of asbestosis) is imminent.Thus far claims for PP have been rejected following an Appeal Court/House of Lords decision.If Cape becomes vulnerable to PP claims then the liabilities could be huge.The current profile/trend of asbestos claims is rising and this was evidenced in Cape`s last interims.However they dress up the issue they will continue to haemorrage cash to pay claims each and every month.The law firms know that Cape is an easy touch.
Debt and Cape`s ability/inability to comply with banking covenants.
Expect a single figure price shortly ie below 10p.
Results due 19 March.I anticipate a set of results in line with market expectations.Provided debt level has been reduced and there have been no losses of major contracts then the price should rally.It may rise pre results.
Asbestos claims generally have not yet peaked.Cape are being unduly optimistic.Claims for the first half were over 2m and will rise despite the ring fencing.Asbestosis has a very long "gestation" period sometimes up to 40 years before symptoms reveal themselves.Cape may also be faced with Pleural Plaques cases,a form of asbestosis,if a Law Lords decision is overturned.Govt is reviewing. Be assured Cape is not managed from Scotland although it has contracts with oil related and power companies.
Cape is run from an HQ near Heathrow and its UK business runs out of Wakefield. There is a lack of transparency on the trading situation eg contracts lost,Australian business and the true scale of asbestos claims running into hundreds of millions
Cape was quick enough to announce winning Pluto-why hasn`t it announced the loss of the contract.What else is it covering up? Creditor levels for example? £200m to acquire Australian businesses which are proving unmanageable.New CEO needed.