Member Info for Cliveas

On the hunt for an acquisition ! Stratex International Plc, the AIM-quoted exploration and development company with a significant share in a producing gold mine, is pleased to announce that is has appointed Chris Worcester to its Board as an Independent Non-Executive Director, with effect from 1 February 2016. Chris began his City career in 1993 at Barclays de Zoete Wedd, where he worked in the metals and mining project finance team. In 2000, he joined the Royal Bank of Scotland as Director and Head of Financial Modelling and Analysis, leaving in 2002 to join WestLB Capital Markets, the international investment banking division of WestLB, where he established and managed the global metals and mining team until 2007. Since then Chris has been actively involved in securing funding and investment for resource companies through private, specialist corporate finance company Stone Arch Financial and, more recently, Green Road Capital. For more than a decade Chris has lectured regularly on corporate valuation as part of the MSc in Metals and Energy Finance programme at the Imperial College, London. He has a BSc in Chemistry and an MBA in Finance. Christopher Hall, Stratex Chairman, said: "Stratex is very pleased to welcome Chris to the board as a second independent Non-Executive Director. He brings a wealth of analysis, evaluation, corporate finance and funding experience and we expect him to make a valuable contribution. We have now rebuilt the board to six, which it has been historically, and the appointment of a second independent director improves our adherence to corporate governance guidelines. "Chris's specific skills and experience will assist the board in its consideration of potential acquisitions, or mergers, which is where a successful, producing company such as Stratex, with a healthy cash balance, can currently expect to find better value and market recognition than with grass roots exploration."

Inflection Point Investments LLP Holdings reduced is this our seller? Never heard of them anyone shed any light. Sold on 22/01 1.8m left and could still be selling?

Is relentless could pop at any time Some news would be great now! GL

Now coming in 5k chunks! When supply runs dry watch this move rapidly northwards!

I know who is in blinkered denial! So you value every gold mine 'as a hole in the ground' LOL! Bitter and twisted or dumb and dumber LOL! I'll get my coat.

I expect more director buys to be disclosed. More fun and games today. GL

Paid and moving on each buy Is it time?

If you've heard it all before then why don't you effin po! (and I don't mean post office) Volume picking up as is price of gold (which you used to be fixated on when it was in decline) and production update as well as other news re funds due. It will rerate at some stage way above 2p imho

Feels like a coiled spring! Any decent news or supply of shares dries up then boing! In it for the sheer madness of it all GL

Where are the MM getting the shares from? Placing for 13m+ was at 3.35 Broker target 7.44 Is this a bear raid coz I can't see any massive sell off?

Is going on here? Dropping like a stone on peanuts volume! Shorted? Super cheap now

Fusionex International plc notes the drop in its share price post yesterday's announcement of its preliminary results for the year ended 30 September 2015. The Company understands that the share price may have been affected by commentary regarding perceived poor cash collection in the period. Consequently the Directors wish to clarify the position. Cash collection for the year was adversely affected by an increase in trade receivables as a result of the business moving increasingly to channel partners which enable Fusionex to support scalable growth and wider market reach. These channel partners however require extended terms of trade, which is not unusual in the software industry and has resulted in this increase in receivables. Since the year end, and in the ordinary course of business, RM23.4m (£3.8m) of the year-end receivables of RM28.5m (£4.6m) has been collected. Oversold substantially!

Research analysts at Panmure Gordon started coverage on shares of Fairpoint Group Plc (LON:FRP) in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The brokerage set a “buy” rating and a GBX 200 ($2.85) price target on the stock. Panmure Gordon’s price objective points to a potential upside of 37.93% from the stock’s previous close. Shares of Fairpoint Group Plc (LON:FRP) opened at 140.8401 on Wednesday. Fairpoint Group Plc has a 1-year low of GBX 105.66 and a 1-year high of GBX 195.00. The company’s market capitalization is GBX 61.73 million. The company has a 50-day moving average price of GBX 145.14 and a 200 day moving average price of GBX 161.84. Separately, Shore Capital reiterated a “house stock” rating on shares of Fairpoint Group Plc in a report on Tuesday.

Double digit growth and nice 5% dividend as well Instis on board and may well add. Very quiet bb though although plenty buying. GL

Heading back to 1.80 plus and doing well on a bad day for the markets.

LEEDS-BASED law firm Simpson Millar expects to continue to grow quickly after delivering a big increase in revenues in 2015. The consumer law firm, which is part of the stock market-listed Fairpoint Group, said it had achieved "significant double digit increases in segmental revenues and profits" while also improving its margins. The firm became part of Fairpoint in June 2014, in a deal worth an initial £9m , with a further £3m earned after a strong first year post-acquisition. There is a further £3m earn-out available based on its performance in the second year. In August Colemans-CTTS became part of the £40m legal services division, which now provides about two-thirds of Fairpoint's revenues. The deal included Coleman's legal processing centre which will help the group to deliver volume personal injury, conveyancing and travel law. Fairpoint's chief executive Chris Moat said: "Fairpoint has delivered double digit growth, driven by the strong progress in growing its legal services business. "Having established our legal services platform, the group is well placed to take advantage of the considerable opportunities within this market, both organically and by acquisition. We believe our platform provides us with a structural competitive advantage which suits forthcoming market changes. "Overall, we are confident of our positioning and our growth prospects." The AIM-listed professional services group says it sees further growth in the legal services market, despite the government's crackdown on whiplash claims, as announced unexpectedly in the Autumn Statement. Responding specifically to the proposed changes relating to small claims limits and whiplash claims and subsequent clarification in the Government's position, Fairpoint said this area of work accounted for around 8% of 2015 revenues. It added: "As noted previously, the group believes that its recently acquired legal processing centre positions the Group advantageously to manage such legal work at low cost."

(can't do link doh!) Miton Group Fund Manager Gervais Williams Stock picks for 2016 One of his two is Fairpoint. Undervalued with a p/e 7.1 and dividend 4.7% Sees organic growth with debt well managed and offset by cash holding.

Is now reaping the rewards of its strong acquisition activity with double digit growth despite acquisition costs.

towards developing the significant opportunities within the Legal Services business, whilst maintaining focus on cost control in DMP. - Claims: As expected, revenues in claims management have declined significantly compared to the prior year as the business transitions from maturing IVA PPI claims to newer lines of activity. Margins have also reduced to reflect this mix change. Group net debt as at 31 December 2015 was £13.6m (31 December 2014: £7.6m). This largely reflects the acquisition activity undertaken by the Group within its Legal Services business during the year and is comfortably within the Group's committed bank facilities of £25m. During the year the Group incurred exceptional acquisition transaction and restructuring costs, as well as additional professional services costs, totalling £1.4m. The former, as previously reported, were associated with the acquisition and integration of Colemans and the latter with the application for full regulatory permission with the new regulator of DMP activities in the UK, the FCA. Chris Moat, Chief Executive Officer, commented: 'Fairpoint has delivered double digit growth, driven by the strong progress in growing its legal services business, which now represents approximately two thirds of Group revenues. 'Having established our legal services platform, the Group is well placed to take advantage of the considerable opportunities within this market, both organically and by acquisition. We believe our platform provides us with a structural competitive advantage which suits forthcoming market changes. Overall, we are confident of our positioning and our growth prospects.'

Fairpoint Group plc Trading Update Notice of Final Results Fairpoint Group plc ('Fairpoint' or 'the Group'), one of the UK's leading providers of consumer professional services, today issues a trading update on the Group's performance for its financial year ended 31 December 2015, ahead of announcing its final results on Wednesday, 16 March 2016. Overall, the Group's adjusted* results are expected to show double digit growth against the previous year and are in line with market expectations. This is principally as a result of the continued development of the Group's consumer legal services business, with the second significant acquisition in this area completed during H2 2015. Segmental updates are as follows: - Legal Services: Simpson Millar LLP, the Group's consumer legal services business, has delivered significant double digit increases in segmental revenues and profits, whilst making good progress on margin improvement. Legal Services, which now represents approximately two thirds of Group revenues on a pro forma basis, has benefitted from the acquisition in August 2015 of the trade and assets of Colemans-CTTS LLP ('Colemans'), which brings a Legal Processing Centre to the Group for the delivery of volume personal injury, conveyancing and travel law. Following proposed changes announced by the Chancellor in his Autumn Statement, relating to small claims limits and whiplash claims and subsequent clarification in the Government response to an online petition**, the Group believes that the proposed changes: - are intended to be focused on whiplash claims relating to road traffic accidents; - are subject to consultation, with anticipated implementation from April 2017; and - are expected to follow previous precedent and apply to cases introduced post implementation and not retrospectively. This category of business, on a pro-forma basis, represented approximately 8% of the Group's revenues in 2015. As noted previously, the Group believes that its recently acquired Legal Processing Centre positions the Group advantageously to manage such legal work at low cost. - IVA: As expected, conditions in the Group's debt solutions market remain challenging, with the volume of new IVA solutions in England and Wales falling by 25.7% in the first three quarters of 2015, compared to the same period last year (source: The Insolvency Service). IVA revenues for 2015 have as a consequence reduced by approximately 15% compared to the previous year and the Group has continued to focus on delivering good margins, strong cash generation and avoiding uneconomic new business. - DMP: Revenues have declined by approximately 15% when compared to last year. This reflects the absence of acquisition activity in 2015 as per our previously outlined plans. Following recent clarification from the Financial Conduct Authority ('FCA') regarding debt management back book acquisitions, we do not intend to resume activity in this field, preferring to deploy capital towards