Member Info for CHEQUEMATE

Any trade above 84.8p today has been a buy not a sell. Trade prices are too close to mid price for system to be able to tell them apart. Disappointing that the share price has fallen again though all the same. Jarus - have read nowhere that GBG is a takeover target; indeed it is acquisitive. Where did you get your info. from?. Looks like some more volatility yet. Regards CM

Have dipped my toe in here today at 26p, not a great deal though. It was showing 27p to buy but managed to pick up at 26p. Interestingly, the sell price immediately after was 26.1p and the buy price 26p through my online broker. Think the trades showing as neither buys nor sells at 26p (including mine) were probably buys. Lets see how this goes, not expecting to make a mint, but hopefully won't lose a mint either. Regards CM

I've just spent ages looking at and printing off candlestick analysis and patterns. What did it tell me?, well, ...........that I've spent too long looking at candlestick analysis because my head is spinning!. Trying to make head or tail of why the drop in share price. If we look back to May, there was a similar retrace for no apparent reason before reversal and it looks like we are going through it again. Maybe further to fall yet but who knows?. Not pleasant whilst this lasts. Hope (can I use that word ADD), that your profits return shortly ADD. Nothing to suggest the story has changed with GBG. No reply yet from company from my e-mail. Regards CM

Heaven only knows why this has dropped again today and by the amount it has; it just doesn't make sense on no news. Awaiting a reply from my email sent on Friday, but won't know until I get home this evening. Will keep you all up to date as posted previously. May give them a ring again. This is disturbing though. Nothing on their website to suggest reason for fall. This can happen to any share of course, difficult to "keep the faith" at such times. Lets hope things turn around soon, and we end the day better than we started it. Good luck all. Regards CM

Thanks for your posts. Regarding Bollinger Bands; if you look at the 1 year chart using the 50 day average then the share price has crossed above the lower band and could indicate a buy. The last time this happened was in May when the share price rose from around 23p to around 27.5p. Previous to that it was back in November last year when the share price rose from 17p to over 24p before retracing and then rising to 26p. However, using the 3 month chart and the 9 day average it paints a slightly different picture indicating that the current share price is nearing the upper BB and possibly therefore less upward movement. Should the interim trading statement be positive as I am sure it will be then the share price is likely to move North, but by how much no one can say. 33p?.........possibly. I am definitely contemplating investing here, maybe if I can get in at 26p on Monday, which I could have done on Friday before it jumped to 26.5p at close. Still, a question is......is this the best place to put my money?..........another one is are there better shares out there to invest in?.......quite possibly, but you can drive yourself potty looking for the needle in a haystack. If in doubt.....don't, there will be other opportunities out there.....but....hmm!. Not sure.

Good evening theADDict. I share most of your thoughts. However, I think the very large buys were immediately prior to the share price retrace, taking the share up from around its present level to around the high 90's quickly. I remember I could see no reason for the sudden rise until it was pointed out that on the GB website it mentioned about GBG and Huaxia CRIF joining forces to launch a China ID verification service. But as we know there was no rns. I remember at the time feeling a little nervous the way the share price shot up thinking that often when a share rises so quickly it has a tendancy to fall back to its previous support level. A slower rise usually keeps its level longer. For what it is worth GBG was a share tip in the Financial Mail on Sunday at the end of June. Within the comment it stated "GBs fortunes could alter irrevocably if it can piece together the jigsaw and provide an international solution to internet identity fraud. This one is to buy and to hold for the long term". I am sure that had we not seen a hike in the share price and it had stayed stable over the last few weeks around where we are now we would be far happier. However, the fundamentals remain strong. As I pointed out in a previous post on 3 September, the share price fell by around 20% back in May for no apparent reason and recovered to a new high. Looking back at the post I see no reason to change my views stated then. I am hoping that GBG will issue a rns retrospectively which will help to steady the ship. All I can say is to restate that the company will look into why no rns was issued. They have my contact details to get back to me. It is always difficult at such times to hold, but then the real successful investors are the ones who can recognise true value and hold through thick and thin. Yes, I am sure we can all make a quick buck by selling and then hoping to buy back in at a cheaper rate but none of us can read the markets and it is a dangerous game to try and second guess what is going to happen. I do not intend selling either; I've been through similar situations with other shares (in particular GBO). Good luck. Regards CM

Just backed up my phone call with an e-mail. The phone call was very amicable and they said they appreciated calls from private investors, but then I hoped they would say that anyway. In all honesty from what was said I do think it may have been an oversight since they have released rns for other less important issues. It would be in their interests to release a rns and they realise that such would help to drive the share price forward. We need further good news before the next trading statement at the end of November. Lets see what happens. Unfortunately it is Friday, so I am not expecting anything released today, although a reply to my correspondence would be good. As I posted earlier, I will keep folk up to date with anything I receive. Thankfully, the retrace in GBG share price has been countered by one or more of my other holdings, whereas a few weeks ago it was the other way around. Makes it slightly more comforting, overall i guess. Good luck all and regards. CM

I have spoken to investor relations this morning asking why there had not been a rns about the news re. GBG joining forces with Huaxia to launch China ID verification service (news 23 August) and their award as being the best service provider of the year (news 7 September). They were unaware that there had not been a news release and were going to look into it and get back to me. I believe had this news been released to the market then the share price would have held up and generated more momentum, whereas today it is down again. I will keep you informed of any developments. No harm in trying. Little nervous otherwise. Everything crossed, including fingers. Regards CM

I can't see any reason for the fall back again. I have looked through the rns issued over the last few months including the latest trading statement and see nothing negative. There has been some reduction in the institutional holdings, but nothing drastic to worry about imo. I am hoping that after todays large rise in the DOW largely after the London market closed it will have a positibe effect on GBG share price tomorrow; but I may be being optimistic. Not sure the rise in the U.S.A will last should the market start thinking that the economy must be in an even worse state than thought if Ben Benanke has had to take the measures he has. Here's to better times and a return to blue days. Regards CM

Thanks for that Babbler2. I have NET on my watchlist but not invested in it yet. Will delve deeper again. Have learnt not to read too much into Shares magazine and their tips more than it to be a start for further research. Regards CM

Re my post on Monday on Bollinger Bands. Today the lower BB is around 88p, with the sp a fraction below after a couple of steady days, using the 3 month chart with a 9 day moving average. There could be a buy signal imminently should the sp climb above the lower band. The last time this happened was in June when the sp climbed from 65p up to its recent high. But........as I posted before; I am not a chartist and of course past performance is not a guide to future performance. We'll see what happens. Good luck all. Regards CM

Well, I set a cheeky limit for first thing this morning but it didn't kick in. Didn't lose anything. The spread was far larger than I wanted it to be and I didn't expect the sp to jump by anywhere near what it did, thought it much more likely it would be around 2p. Additionally I have enough invested in the market without investing more, so was happy to sit out if that happened. Good luck to those invested here. Incidentally, let us not get carried away. My shares in GBG got hit again today for no apparant reason; it is a very strong company with superb fundamentals, I think the recent rise previously was just too much and there has been a predictable retracement. It could happen with ANP too after such a rise; but it will recover if the fundamentals are strong, bar general market malaise. The amazing power of journalism - absolutely oogleflugal. CRG (Corin Group) down today after David Schwartz negative comments in same issue of the FT over the weekend (expected it to be far more). Regards CM

Hmm. Not a good day........again. I'm trying to be positive here by looking back to the last fall for GBG sp of a similar scale as seen this last week. Back in May the sp fell by around 20% for no apparant reason over about a week and here we go again, down by about 11%. I am not entirely surprised by the retrace but a little nervous by the fall of 4p today, after a fall of around 4p early last week, added together comes to most of the fall over the last week. There has been no official rns but news on the GBG website gave details GBG and Huaxia CRIF joining forces to launch China ID verification service (see Ettiennes post on 24 August). The last time the sp fell like this it recovered fairly quickly and of course rose further. The fundamentals remain strong and there has not been a hint of bad news or reasons to sell. If I was a chartist then I may have sold at around 95p when the sp fell back through the top Bollinger Band, using 3 month or 6 month chart and a 9 day moving average, then wait for it to fall beneath the lower Bollinger Band and climb back above the lower Bollinger Band before buying back in again (look at the pattern). However, with such a good strong company I believe I could easily have made a mistake by selling and I am not confident enough yet to follow the chart in such a way. Today the sp did fall beneath the lower BB, so we now need it to move back up to give a buy signal. The lower BB is around 90p just now. The sp may fall a little further yet, but I remain confident overall. I always feel nervous when I see a share price gain quickly without any outward reason; very often it falls back almost as quickly until it finds support. Hopefully, we are near the turning point now. There was a lot of buying the week before last with greatly increased volume, you would think there must have been good reason. Anybody else got a view here?. Regards CM

Interesting article in the F.T. I read J.L column from time to time and check out his investments. Unlike David Schwartz he appears to invest for the longer term. I like the way he will visit the companies and speak to the directors. I have done some in depth research covering many companies using strict criteria. ANP came up as a company worthy of further research. The article in the F.T renewed my interest. The fundamentals look very strong which is key at this particular moment in time. The fact ANP pays a dividend which is well covered is welcome too. I am not sure if I should commit more funds to invest in another company right now, I think I need to look further into it. The strict criteria I have set have thrown up GBG, TRCS, RPC and recently AIE, which I have invested in and have proved positive despite market turbulence. I think we could be in for further turbulence in the near future. However, ANP would give me a more varied portfolio. ANP is hardly an exciting company to invest in, not your oil and mining companies, but I am happy about that. There is a book by Jim Slater called "The Zulu Prinicple - making extraordinary profits from ordinary shares" - a very good read and still very relevant despite being written before the internet. Jim Slater identifies what to look for before deciding to invest in any company, the strict criteria I look for. The fact that this bb is relatively quiet is another positive; free from rampers and derampers. Yes; I will have to sleep on this one; maybe set a limit to buy in. I'm not expecting this share to fly, it doesn't need to, I would be happy with a slow burner. It may rise tomorrow after the exposure in the F.T. Good luck. Regards CM

Thanks for the post sindicat. 10 years is a long time to hold any share. Looks like we will be retire-ing about the same time, hopefully sooner if our luck is in. Happy to hold for the time being. Regards CM

Not the best of days ADD. The sp fall back is probably more of a correction imo; it has risen considerably over the last week-10 days and a no. of investors are understandably looking to lock in some profits. Personally, I have felt the sp had got ahead of itself. I don't see anything stock specific for the fall back otherwise and todays rns would not have effected it in such a way. You may be right about a tree shake. What I would add is that there was a similar retrace when the sp was in the high 60s back in May before it recovered. It's never comfortable when a sp falls like today, I usually feel uneasy. However the fundamentals look good. Incidentally, it's always good to see a new poster on the bb, so welcome to you. This tends to be a quiet board and to date at least, without rampers and derampers. Good luck and regards CM

Thanks for the post on Friday Ettienne, very useful. I had wondered what the reason was behind the sp movement along with the increase in volume. There hasn't been a rns to explain. I have since logged onto the GBG website and have subscribed to the GBG News RSS feed which gives details of other news also not released generally. I won't be greedy and ask for such a good week next week as this last week has been...........but....... Good luck all. Regards CM

Think you may well be right HiFi. I have sold out, taking a loss although not too much of one taking the 4.8p dividend into account. The sp may recover, but that is always the risk when selling out. The other risk is that the sp does not recover, or at least not until it has fallen further. You have to be very confident holding on and buying in at a lower level, or topping up at the present level and I no longer have that confidence. I have seen too many investors topping up and seeing the sp continue to fall. I am NOT saying this will happen with SHFT, I hope it doesn't, I just have this gut feeling that when the next trading statement comes out will not be as we/you would have wanted. Why delay good news?. Of course I may be wrong, and this is only imo. Win some, lose some. For me, time to move on. The very best of luck to all of you. Regards CM

Not a good day. Busy working so no chance apart from briefly at mid day to be able to take any action. Had I been off work and have access to the internet I probably would have sold at around 79p, In my opinion, todays fall is down to a number of reasons. 1. The mining sector has been hit badly generally and SHFT is associated with the sector. 2. Commodity prices have fallen back, therefore the companies will make less profit and MAY cut back on future projects, 3. Lonmins' financial situation is not helping, especially if they need to go to the market to raise further working capital. May raise the question, will Lonmin be able to pay its' debts?. I am sure there will be a rns either this week, or more likely next week. I expect the interim dividend to be kept at the same level as last year. Within the rns there MAY be news of another contract win, but this is not guaranteed. I would have liked any new contract to have been disclosed as and when it was known and not held back, so I am a little cautious. I have a feeling any news within the rns will be mixed, some good, some disappointing, nothing certain, plenty hopeful. General reaction by the market?............indifferent. Watch out for any share price reaction; will it be worth holding for the dividend if the share price heads South?. Lets hope for a better day tomorrow. All in my opinion. Regards CM

Peace99 - the news about recent problems at a Lonmin mine has been pretty much top news on any news channel. Protestors shot as they strike at a Lonmin platinum mine. Lonmin rely on getting the platinum out of the ground to sell and make money (obviously), but if the miners on strike there is no one to mine it; therefore there is no sales and no money coming in. Lonmin have told the miners to go back to work or be sacked. This is not new, this has happened before and the miners were re-instated. Working relations and how conflicts are sorted can be very different in South Africa to what they are here; not sure the miners have any other option to work in the mines and I dare say for a pittance!. It was reported on the news last night that if the strike continues Lonmins' finances will be affected and they MAY have to turn to the market to raise capital (working capital). That would not only affect the Lonmin sp but others relying on Lonmin too, ie SHFT, which is why the sp has taken a tumble today (imo). The sp recovered a little during the day. The market often does not react rationally and SHFT may have been unfairly treated......but.......unfortunately there is nothing the likes of you nor me can do about it, however frustrating it is. I haven't seen the news this evening yet so there may have been further developments. Stach, you are right, dividend date may be given at any time plus a trading update. The sooner the better. I am watching this closely along with any news update. I very nearly sold out today, but couldn't get internet access. I would be prepared to take a loss should I feel the sp was heading further South rather than stay in and hope for the best. As it is I am still in hoping for a better day tomorrow. Incidentally, SHOULD the interim dividend be cut, which I have no reason to believe it will, then I will be out like a shot. Good luck all, regards CM