Member Info for CHEQUEMATE

Thanks for the post Rivaldo. I will have another look. Maybe I have over looked something. I have been on Stockopedia website this evening and run INSE through a couple of their screen tests - Slater Zulu and Naked Trader. It passes most of the tests which is encouraging. There are other screen tests, but those are the 2 I prefer. Ragnarlothbrok - not sure what you mean by "bringing some sense back". Regards CM

Last trade show as being at 16.28, bid 197 ask 202. I would suggest therefore that the mid price at closing was 199.5 or thereabouts and not 188 reported by LSE. Indeed my trading account with my broker is quoting 200 as the closing price. I dare say on opening LSE will report XLM up 12p. The closing price has been incorrectly quoted on here on a number of occasions lately, usually quoting it higher than the actual figure; the opposite to today. A minor inconvenience. Regards CM

Interesting what you posted about Speedy Hire. A fair number of years ago I worked in civil engineering. 2 of the directors left the company I was working for to set up Speedy Hire. Good luck tomorrow with your holdings. I hope their is no carnage. Regards CM

Good point and worth serious consideration. No reasons apart from "personal reasons" were given as to the departure of the CEO, which could pretty much mean anything. "With immediate effect" begs the question, why?. Can that be linked in with?: "In addition, in order to stream-line the operation of the Board, David Foreman, Corporate Development Director, has stepped down from the Board with immediate effect. David will remain in his current role with the Group and participate in operational board meetings." Time may or may not tell. I am in no rush to buy in and may very well not. I am concerned about the debt, despite the article I quoted in my post on 30 November. I hold Robbie Burns, the Naked Trader, in high esteem and one of his criteria for investing (or not) is based on company debt. Anything over 3 times profit before tax he rates as too high. In INSEs' last trading update their PBT is stated at �2.18 million and their net debt �12.6 million. That seems very high at nearly 6 times PBT. My view is if in doubt, don't. There are plenty of other companies to consider investing in and if INSE is a good/great company to invest in today, then it will be tomorrow, next week etc.; even if it means investing at a higher price. I will keep this on my watchlist and see what happens. Good luck all Regards CM

Interesting. Toscafund has cut its' holdings by 90% on Wednesday to just 1.2%. Wonder why?. Perhaps they view they have made enough from IMO and it is time to move on. I have been following IMO for a few days and put a buy order on it yesterday for 225p. when the share price was at 227p, it didn't execute. I thought I had lost my opportunity when I saw the share price at well over 240p early this morning. Share price took a sudden drop soon after midday, yet the RNS re. holding wasn't released until just before close. Did the market get wind of it early?. I will keep this on my watchlist. Regards CM

Haven't pushed the buy button. I have been out all day on the high fells, playing in the snow and ice. Didn't want to rush into anything on return home and will consider it more over the weekend. The price may be different come Monday of course one way or the other. I appreciate your postings, thanks. Regards CM

Rivaldo, thanks for your 16 Nov. post. I have mentioned Jim Slater on another board, so you will know that I hold his investment strategies in high esteem and his book "The Zulu Principle". The article mentions INSE along with a number of other companies and suggests it is hard at present to find a company which matches up to J.S criteria of investing. That has been my finding over the last number of months too using his criteria. A sign of the high valuation of the market as a whole at present. I have looked back at my investment history. I held shares in INSE for a short period in 2013 and made a profit of just under 12% before selling (can't remember why I sold). I didn't have much invested so the 12% didn't add up to much. At that time the share price was 8.5p. I am now seriously considering investing again in INSE. I have looked at the latest trading update and the only real concern I may have is the companys' debt. However, I have looked back at an article by stockopedia dated 22 August which gives their view on the company and does mention the debt. Hopefully the link below will work: https://www.stockopedia.com/content/i-read-the-news-today-oh-boy-22-aug-2017-210638/ Still to do a little more research before I come to a conclusion. What's the spread?, hmm, around 2%. That's ok. Won't be a mega investment - believe in holding something back to average UP if things are going well and not have too much invested if things turn South. afrc - next trading update will be towards the end of January looking at the last 2 years. I notice Slater Investments have a 5% holding in INSE. Regards CM

Dave Wilson exercised his options over his shares which were awarded to him back in 2010. Since that time the shares have moved from around 60p or so to their present level. In my opinion this is quite different from selling his other 239,000 shares which he holds presentlY. He also still holds options over a maximum of 664,248 shares, so in that respect he has sold less than 1/7 of the shares he had options on. Looking back at director dealings over the years both David Wilson and Richard Laws have done the same thing and it hasn't held the share price down (for long). The sale of the shares needn't be viewed as a negative necessarily; who knows his motives?. However, it is worth keeping an eye on. Regards CM

Looking at the last trade before close, I would say the mid price was 190.5, not 198. Therefore the true rise was of 4.5p not 12p. Expect this to open tomorrow theoretically down around 7p. Nothing to worry about. Still a good day. Regards CM

Good evening all. A nice rise today before tomorrows' results - a co-incidence by any chance?. Makes me think if there has been market manipulation over the last couple of weeks to drive the price down beforehand only to raise it!, well......, I can think it without actually stating it as fact because of course we just don't know. Not sure what will happen tomorrow; pretty much anything. It is not unusual for share prices to fall after publication of results and it wouldn't surprise me if that is what will happen. Your invitation to pop in for a hot chocolate and all the trimings is very kind BT, and very tempting. Pity I'm unlikely to be heading your way next until February. Hope building project has progressed well by then. Regards CM

Well, I got my top up this afternoon, although I think it was at a higher price than what I was looking at on Friday, and I think I may have bought twice as many as I had intended to on Friday, oops. I am a believer in averaging UP and not down, investing further into strength and not weakness. The latest trading update was very positive which is always encouraging. Good luck and regards CM

Looking to have a small top up, but not able to get a by price at present. Is that a good thing or bad thing?. I can get a quote to buy 100 shares, but nothing more. Still have 5 minutes to market close. I had expected the share price to have fallen back a bit after the rise after the trading update but nothing has happened much at all. Perhaps that is showing strength. Looking at todays trades, assuming they are correct, there has been a lot of buying going on. Regards CM

Thanks for the post doze. I am unable to take PANW any further since my broker account doesn't allow me to invest in US stocks, but thanks anyway. The Lakes Distillery is North of Keswick, near Bassenthwaite Lake - quite some distance from me. No, I haven't been there. I think Bigtosh may be interested being keen on a good whisky. It won't be as good as Jura though. It finally stopped raining here. Gone colder now. Don't you just love the British weather!. I am sure I should be hibernating!. Regards CM

Hi Doze, good to hear from you. Lakeland Distillery - remind me where that is?. Have you a location?. There is Hawkshead Brewery which is expanding in Staveley near Kendal but don't know if that is the same place. I've been there numerous occasions. Good to see GBG moving North today; possibly ahead of results next week. Tried looking up PANW but didn't come up with any result - any link you can give for me to look further?. Is it a U.S company?. Regards CM

Didn't see the share price had close at 400p; last trade shows a tad lower with the UT being at 400p. Ok by me though. Nice to see. 4" of rain here today (and it's still raining here in Cumbria) has meant search dog training has been cancelled this evening. Just as well, flooding was very nearly up to the car bumber driving home with road being closed after me. Hope things are better elsewhere. Regards all CM

No idea as to why the share price tumbled early morning by as much as it did. Pleased to see some recovery during the later afternoon with some seemingly large buys coming in. It seems the market is jittery at present, despite the relative strength of the FTSE it is the smaller caps that are being battered. I have seen over the years numerous occasions when there appears to be a sell off in the making for various reasons, the Greek crisis, the fiscal cliff in the U.S, Brexit, Trumpty Dumpty being elected U.S President, weakness in the Eurozone etc., yet give time things have generally calmed down. At some time no doubt there will be a market correction and a bear market will come along (nothing new). But not just now (I hope). Difficult to stay calm at times and not get nervous. �2 by Christmas Steello?; would that be this Christmas?. May be a little longer than that. Good luck all Regards CM

I can't really help you here Storm. As you will know it has to be your own decision based on your own personal circumstances. The market is very jittery at present. I have seen falls of around 15% on one of my holdings over the last week or so (GBG), yet from experience when this has happened before seen it rise to new highs. It's as though the market is playing with shares - when didn't it?!. I think BOY is probably a very good company and its' relatively new technology hasn't had time to bed in yet enough to know quite what effect it will have on future contracts. I certainly can't say which direction BOY short term is going to go. I took a smallish loss on BOY (enough for me) and re-invested some of that into another one of my holdings SMDS which looks like it will get promoted into the FTSE100 index at the next review at the end of the month. That may well have the effect of pushing the share price higher as funds will buy in. Please note this is NOT a recommendation and is NOT advice to follow. It's been a poor week/2 weeks for me and no doubt many others. Time to review our portfolios I think. This maybe just short term volatility but it is never comfortable when prices are falling; it tests our nerves. Better be in BOY though than highly speculative shares. Good luck and regards CM

Sorry folks, wrong link below. I meant to post the following from Robbie Burns: "Avon looks a class act - a brilliant balance sheet and great businesses and it's just been selected as a contractor for the US defence department. You would have thought the shares would trade on a higher rating but the market seems to ignore them But I am hopeful of a re-rating at some stage to push them through highs and up another couple of hundred pee." My comments remain the same otherwise. Doing more research right now. Regards CM

Not invested here, yet. The below is from Robbie Burnss, The Naked Trader, trading diary issued today: http://www.lse.co.uk/ShareNews.asp?shareprice=NUM&code=l5uy4ra2&headline=UPDATE_1Cabot_Credit_Management_latest_casualty_of_London_IPO_market I will have a look at RNSs to do some research of my own and make any decision. Can't answer why there may have been any stalling since I haven't looked at AVON previously. Good luck all Regards CM

Thanks for the post Rivaldo. Some time ago I was invested in INSE, think I took a very small profit and moved on. Don't know about IGR. Have you ever read Jim Slater's book "The Zulu Principle"?. It is worth a read; based most of my successful trading on it. However, not easy to find companies meeting his criteria at present, difficult to find value and not over valued companies. Hope your investments are going well. Rather mixed for me at present. Trying not to get impatient with my holdings - all too easy to try and get rich fast, never really pays off, despite seeing some shares shooting for the stars. Regards CM