Member Info for CHEQUEMATE

Then go away and post somewhere else Jolly. Have you nothing better to do?. You've made 24 posts today, have you nothing better to do?. I recognise you have a right to post wherever you want and respect that, but what is the purpose of your post?. You may well "lol", but it is no laughing matter when share prices are down. CM

Taken from todays update: Summary Cello has experienced robust trading for the first six months to 30 June 2014. Like-for-like gross profit growth (which excludes the impact of acquisitions) has been in excess of 10% for the period. The Group has increased its investment in professional resource to service this high level of gross profit growth. Despite this increased investment overall Group operating margins have also grown slightly in the period. The Board is therefore pleased to announce that trading for the first six months of 2014 will be well ahead of the same period in 2013 and that it expects to at least meet current full year market expectations. Seems pretty good to me. Lets hope it is reflected in todays share price with a rise. Regards CM

I haven't seen any date for the trading update but will settle for tomorrow and will be up early as usual despite it being my day off. I may even consider investing more if the update is good and I can get in early for a good price. Good luck all and regards CM

There has been a trading update over the last 3 years on the 6th, 11th and 17th of July respectively. I wouldn't be surprised to see another within the next week therefore. Speculation on my behalf of course. Regards CM

Taken from the last trading update: Tracsis plc, a leading provider of software and technology led products and services for the transportation industry, is pleased to announce a trading update. As a result of strong trading across all areas of the Group, the Board expects both revenue and profit to be significantly ahead of current market forecasts for the year ending 31 July 2014. Full year revenue is now expected to be in excess of £20m. If revenue is in excess of £20m that will be an increase of around 100%. Don't see anything obviously negative. July is usually a poor month for investing and this year seems no exception. Additionally, I have seen the TRCS share price fall back what at the time seemed alarmingly in the past only to recover from a less strong base. Not expecting a RNS at any time soon but winning a new contract and/or a positive update from the U.S wouldn't go amiss. Regards CM

Good evening BT. Well, it seems you were right re. share price, which is some relief. Not sure GBG will hit 200 this year, around 170-180 would be nice; anything more would be a bonus. I have converted some of my other holdings to cash recently. One of my holdings ECK has taken a hit over the last week or so for no obvious reason on first glance. It's not easy for me during the day to take much action due to work. So to preserve some profit I set a stop loss on my holdings (2 different accounts). The larger holding executed yet the smaller one with the same stop loss on didn't...work that one out. I've gone over the last report very carefully and although there is nothing obviously wrong and indeed everything looks rosey, reading between the lines I could see the case for a possible/probable raising of funds in the not far future which could mean a dilution of the share price. I only mention it because very often we take results at first glance. I think GBG is likely to be ok on that front. Of course we tend to fear that when we sell out that is the signal for the share price to rise again. I'm disappointed I took my eye off the ball and feel that, again!, I could have done better. Anyway, with a holiday booked for the same time in September as last year, I am hoping it will have the same effect on the GBG share price which rose by around 20% in the time I was away!. Who knows. Hope all is going well with your other holdings, mine are rather mixed at present. I think we are both in TRCS which seems to be experiencing some mid summer heat exhaustion right now. Good luck and regards CM

Still don't know what you are saying Jolly. Please can you explain it in plain English?. Expand it a little please. Thanks CM

Good evening BT, good to hear from you. An uncrossing trade after hours pushes the share price down over 9p?!. Mysterious ways indeed!. Where will this open tomorrow?. May, June and July tend to be bad months for investing and this year seems no exception. Makes me want to give up at times. Summertime blues?, market makers looking to make a few bob for their holidays?, forget this crap for a while?.......yes. And yes to opening another cold one. Of course we have seen this before. it wasn't long ago the share price dived to the 130s before recovering. Lets hope things reverse again shortly. Good luck and regards CM

Jolly, what are you on about?., I for one have no idea. CM

Sorry Agema, but the increase in admin costs related to the acquisiton and the expenses arising from the accounting of the share option scheme, not to do with the setting up of the American operation. The info. from my previous post was taken directly from the final results and report. I think one of my concerns is the necessity of raising further capital to aid their expansion into the U.S. I would imagine it would come by way of issue of equity, but hopefully not too dilutive to existing shareholders. Something I have struggled to understand is why has the share price fallen now, over the last week; a month almost after the final results were released. I would have thought that if there was anything adverse in it then the share price would have fallen before now. I have read, re-read and re-re-read the results. Whether the market is taken against the emphasis that ECK have put on their expansion into the U.S market I don't know. Trying to establish whether the fall is stock specific or more general. I would have put a stop loss on here at 40p at around the 48p mark but held off because I was expecting a retrace to around 42p and thought that would be a bit tight. I was just caught out by 2 days of a fall of 2p and more and was not in a position to keep a tab on how things were doing during the day. It would be nice to get a RNS this week stating ECK had won another new contract, perhaps that would get the share price heading North again and change sentiment. Little too much to ask or expect. Good luck all Regards CM

Thanks for that Laguerre. The slight price recovery that I saw was on the sell price rising to 37.6 from 37.0 during the day. I have had a hard day out on the hills and wouldn't have been surprised had I misidentified late posts from previous days; it has happened before. I have dug a little deeper into the results to see if there was something I missed or over saw. What I have seen is that although turnover was up to £14.035m from £10.985m and gross profit was up to £10.215m from £7.180m the effect of the increase in Admin Expenses to £10.425m from £7.180m meant there was an operating loss of £210,000 from a profit of £1.114m. The Admin Expenses were £1.2m relating to the acquisition including the amortisation of £1.0m of acquired intangible assets and also £1.3m (2013 £0.4m) of expenses arising from the accounting of share option schemes. If the increase of £2.1m is taken out of the equation then the operating profit would have been nearly £2.0m from £1.114m for 2013. Infact, looking further down the results, it states that the Adjusted Operating profit is £2.202m from £1.489m for 2013 (excludes expenses relating to share options schemes and acquisitions). I believe that the increase in Admin Expenses are likely to be a one off and the next update should make for better reading. Cash flow from operating activities is positive and we know the BOD have recommended an increase in the full year dividend of 25% which is a major confidence factor as to how they view the fortunes of the company. Anyway, just looking for possible reasons for fall in share price rather than just put it down to market loss of confidence (which it may well be). Headline figures at first glance from fundamentals can be misread without going into more detail. We'll see what happens on Monday. Just out of interest, what is your take on ECK?, positive, negative or indifferent?. Regards CM

Some big sales at around 11 a.m. Expect to get a holding RNS within the next few working days. The share price has recovered slightly since so maybe that is the worst of the selling over. Perhaps there is a buyer in the background. Not a good week with the share price falling over 15%. Perhaps the market makers have been looking to pay for their holidays by trying to increase volume. Well, they've taken my money to pay for it!. Here's looking for a better week next week and the start of a retrace. I will look at the RNSs later and review the fundamentals to see if there is anything to cause the jitters, although I tend to think it is more general smaller growth stocks that have got hit and not down to weakness in the stock itself. Any thoughts would be welcome. Regards CM

You may be right Agema. Many smaller stocks marked significantly lower today, regardless of the fundamentals. Markets are generally trending down after hitting all time highs and are looking for a reason to trend back up. A retrace occasionally isn't a bad thing to find a base to build on but make for nervous times. I am not going to advise anyone to load up, not until I can see some evidence of the trend reversing, but each to their own strategy of course. Good luck and regards CM

Looking at the reported trades for the day so far; the number given as bought and sold is way out. There has been no where near over 1,000,000 sold. It is around half of that on my calculations. Doesn't alter the share price of course unless it has a bearing of investors views and they decide to sell or buy. Not a good week really, with investments down and both Germany and Argentina in the World Cup final!. Oh well!. Regards CM

Hello Anon3. I too can't see any obvious reason for the fall back today. I'm not sure British Bulls has much influence on the share price.I have used it in the past but not for advice nor guidance just interest. It seems much more geared towards trading rather than investing. I have just been looking through the holding RNSs for the year. Most of them are for an increase in holdings by institutional investors with Hargreaves H having increased their holdings to 20% in March from 18% in January (5 RNSs) and Kestrel to 11% in June from 9.93% in March (3RNSs), although the last was a reduction. Looking at the full year results issued on 10 June, the statement could hardly be more positive. Revenue up 28%, Gross Profit up 23%, Adjusted Operating Profit up 48%, EBITDA up 32%, cast generated from operating activities up 91%. A recommendation increase in the full year dividend of 25%. Additionally: Many of the contracts secured in the second half of the year contributed little or no revenue to the strong results seen in the second half of the 2013/4 financial year. These services will all be fully implemented in the first half of 2014/5 and will lead to further revenue and margin growth in the year ahead. It is disheartening when all the news is so positive to see the share price drop, especially as it has done over the last few weeks. What to do?. I have seen retraces here before only to see a recovery. A little twitchy now that the share price has fallen below the 40p level again but I think the smaller company mkt. is struggling at present. As Robbie Burns, the Naked Trader says in his book "May-July ain't great." But then "From the gloom of the previous few months there usually comes a great August". Not sure I will add to my position until I see some positive change in trend. Other stocks are getting hit too, all be that of little comfort I know. Regards CM

Reply from TRCS today: The American pilot is still ongoing and proceeding to plan. A further update will be provided in due course as and when appropriate." Proceeding to plan. Positive?, hmm, ok. Good to get a speedy response. Regards CM

I have sent TRCS an e-mail asking if there is any progress on the above pilot which was detailed in the RNS of 14 November last year. It may be sensitive news so I am not expecting a detailed reply. However, I will update folks should there be anything worthy to post. Regards CM

Taken from the prelim. results: The Board is proposing a final dividend of 1.61p per share (2012: 1.42p), giving a total dividend per share of 2.25p (2012: 2.00p), an increase of 12.5%. The dividend has now grown every year since 2006 and has grown by 10% or more for the last three years. Subject to shareholder approval, the final dividend will be paid, on 4 July 2014 to all shareholders on the register at 6 June 2014 and will be recognised in the year ending 31 December 2014. The above shows the confidence of the BOD and the success of the company. In particular note that the dividend has grown every year for the last 7 years and by 10% or more for the last 3 years!. I have just noticed that the dividend was paid into my ISA account yesterday, a nice little bonus. Thank you CLL. Yes quiet boards are good. No loss of sleep with this one (hope I haven't spoken too early). Regards CM

Hello Dyna, good to see you this board. Appreciate your posts. It's been quiet on this board for some time. I agree with your comments. I had been waiting for a tick up with the CPP share price having seen it drift down since I invested in it earlier in the year. I have never been worried about the retrace. All the criteria are in place still for the reason why I invested. Sometimes we just have to wait a little longer than at other times for the cream to rise to the surface. Patience can be a difficult lesson to learn. Waiting for this to come onto influential investors radars. Directors buying in recently is a good sign. Think CLL is likely to be ahead of any AIM All share index rise generally. Regards CM

Hello PP, nice to see you on this board. Thanks for the post. I had wondered why the share price rose today/this afternoon. It did cross my mind that maybe RB had increased his holding as he suggested he would do on 18 June (see my post below of same date). Nice to have got in before RB came across HAYT. It gives me extra confidence. Now, I just have to find some way of getting him interested in my other holdings, although he is in ACM and GBG already. Hmm, any ideas?. Good luck and regards CM