Member Info for daramuda

Wither and purchasers get it together - then good news. I also think a deal is forthcoming.

Is David Wither working to close a deal to be announced at the same time at the release of the preliminary results?

I think that you will find that it will be the preliminary results for the year 2011 and not just a trading update. There should however be a forward looking statement.

A nice camera deal will set these alight. I do not what unit sale prices are but a decent volume deal at a good price would give detractors a kick.

I think that GedW may be the wise one - I get a little sleepy.

Proactive are the available voice piece for many companies of which Sarantel is one. I know nought about XCAP although Simon Cawkwell knows them. Hargreave Hale on behalf of discretionary clients have acquired another 2 million shares and have gone over 5%. I had forgotten that their discretionary fund still had an interest after all these years. HH were a fan of these when the shares were 82 pence in 2005. Poor discretionary clients!!!

We know that there are year end results due towards the end of this month. Imo D Wither relies on Proactiveinvestor (PI) as his mouthpiece and since he and Seymour Pierce appear to have arranged that the company will no longer give any form of profit forecast (since as soon as an event occurs which needs reporting to the market as Nomad SP insist that there is a profits warning) PI seems to come in handy in providing an organ by which some sort of forecast can be made. Hence it is useful that saab1 has posted the XCAP broker's analysis which in turn has been reported by PI with dialogue from D Wither. It would of course be useful to the company and investors if a deal with a Japanese camera manufacturer(s) could be tied up well within the 6 months mentioned by XCAP. Simon Cawkwell has bought in - anyone got access to thesite where his tips are published - if so provide some detail?

I wondered what took these off the boil early afternoon and it has to have been that 3.5 million sale at 14.16. Interesting post on iii by SpikeyDT this late afternoon.

Suddenly some activity over lunch when a 2 million trade seemed to speark some price action. On a dummy run I was quoted online at one point .0097 for 250,000 to buy and .0074 to sell 100,000. May be some corporate news to come after all.

Looked on the company's website and cannot see by comparison to the 4th July notuifications of holdings who has moved 20 million shares and who is likely to moved another 20 million. Is it Foresight?

You have lost me. Please expand.

So a non sequiter and no forthcoming corporate news. The fact is that Wither needs to get a decent order from a camera company worth 1 million plus per annum. The alternative is to sell the company to a well funded outfit like General Dynamic, secure the jobs of the workforce and if possible some of the board and get a return for his and his colleagues very cheap options. That would be what a prudent businessman would do having failed to break through into the mass market six years after floating - a float that he readily admits was too early (another poor business decision).

I saw part of the military orders as amounting to an improvement in equipment for US men on the ground and not dependant on any cutbacks in military expenditure. Whilst not relevant to the issue in hand The UK government has announced an uplift in expenditure to improve Warrior armoured vehicles at a time of cutbacks elsewhere. ISAT are imo talking numbers. That may affect the Sarantel orders if the US decide to cut back the annual orders. The principle as to improvement should however remain the same.

And there were the 15,600,000 that moved about two - three weeks ago

Thank you for a very interesting response. Board members do not have to transfer to new owners if as part of a package they decide to step down. If this company had revenues of 400,000 units at £20 apiece or 800,000 units at £10 apiece per annum and costs were under control I would have no concerns but it does not and I cannot see the marketplace entertaining an increase in sale price per unit. We await the full year figures and see if margins have improved before dmin costs are taken into account.

Was not thinking of the first possibility. Whilst the executive directors of many aim companies put their immediate income ahead of strategy, the second alternative but as a takeover by a well funded larger operation especially in the military field would not be amiss. It could almost guarantee jobs, would give security for continuing production to military end users and seismic utilisation may not be sneezed at. Directors might have to sacrifice earned income for capital appreciation on exercise of options.

I do have quite a large holding here but I am still struggling on the current evidence to see the company break through to profitability. The trouble with the two companies who stopped ordering for internal technical problems (which allegedly had nothing to do with the quality of the antennas) is that whilst those two companies have reordered in the second half an analysis of the revenues in the second half shows that they are well short of what they used to order. Sarantel needs a large multiplier of its current turnover to reach profitability. That is what worries me. If they were to approach break-even or look at so doing then the market will really take an interest. I cannot see that in the foreseeable future - and you cannot keep diluting. There will come a time when even Legal & General have had enough!!!! On the other hand I cannot see General Dynamics wanting to see it go under. Therefore there is possibly a halfway house but that will mean the management losing independence.

The market always adjusts a share price to reflect the state of a company including the market's reflection on an announcement. That is why the share price collapsed as a result of the profits warning in February and why the directors could only get away another rights issue at half a penny. The company is coming out with announcements of sales orders but when they translate into figures, the figures have hitherto not supported the talk in the announcements. Share price has perked up a bit today since all trades have been purchases. I was quoted .007 during the day until .0074 later on.

If you are talking about a proper forward looking statement with some projections for the year to 30.09.12 to include estimates of contracts gained in the year to 30.09.11 then there may be something which the market could chew upon and also give comfort to existing shareholders - subject to those being adhered to. I had understood that Seymour Pierce (Nomad) and the company had given up with profit forecasts since having made them matters happened which gave rise to profit warnings which did the share price no good at all.

Who are you trying to kid or rather who is Wither trying to kid? Volume orders were announced for this on 16 May 2011. That was part way through the second half of 2011. If you study the estimated full year revenues for the year to 30 September 2011, it does not take an Einstein to work out that those volume figures for these products are more of a dribble than volume. Wither tells a good story but he would be better to walk the walk rather than talk the talk. If he were talking about 200,000 units at $20 per unit per annum or say £2.5 million pa and not just talked but delivered them and got paid for them then you expect the market to take notice. The same point that I made Friday evening but this time based on the company's own RNS of today. Please deal with profit and loss i.e. revenues and expenses.