Member Info for dasv

the rns is the same - but yes the rns appears first on the london stock exchange site rather than - say selftrade/tdw/lse.co.uk

finally some upward movement near close of play. DETS closed at 118.5 after languising at 110. This share is v. thinly traded so it's one to put in a drawer and forget about IMHO. Volume was a measily £23k. however I think the fall from 219 in September is overdone and value investors will pick up on the strong fundamentals and low PE (8.84?). Cheezy looking website though. Does not inspire confidence.

well it closed at 1320 so our hunches were right: this rns pushed the sp back up:- Imperial Energy says has all permits, approvals for Russian pipeline project LONDON (Thomson Financial) - Imperial Energy Corp PLC said its 60 mln usd newly built pipelines in Western Siberia have obtained all the necessary permits from the Russian authorities. 'Imperial does not consider there to be any fault and wishes to state that all necessary permits and approvals for the construction and location of the pipelines are in its possession,' it said in a statement. The embattled energy group, which is developing oil fields in Siberia's Tomsk region, has been accused by Oleg Mitvol, the deputy head of the Russian environmental regulator Rosprirodnadzor, of ecological breach when it built the pipeline within fire-prone forested areas.

[flatlining or sagging...]

Jonty - I have got to admire you for immense courage. I agree it might well have bottomed, but have you read the RNS's - this company is distressed. It's a real punt in the dark I reckon, but the upside could indeed by immense 44% up today - though a big spread. Too much of a basket-case for me. I have enough of them already in my portfolio, flatlining of sagging... ;)

getting slamdunked here - down 5.9% to 54.75. I'll double down at some stages and hang in there. mid-term this will come good - we are just seeing some justifiable profit taking. Any watchers out there, it might be a nice time to buy in once the spike is over with.

bought 1500 shares today - seems to be upward momentum. Figures look sound and Italian expansion should increase revenue further.

my tip, if you are new, is to stick to less volatile markets than AIM. FTSE100, then FTSE250, also do some research on funds - I like Henderson and New Star. Only go for AIM if you are prepared for the worst. There are plenty of experienced investors on this forum who give good advice, but some of their picks may not suit someone who hasn't invested before as the stocks suggested often trade on thin volumes and can be volatile. I.e. the risks are high, but the gains are potentially great. Good luck and don't risk what you can't afford to lose.

I decided to bank the profit and buy ASM instead. I do think the odds are in favour of a rise, but I am happy with 8% after expenses. I have watched my profits erode on SMC and LNG, and am determined to improve my day trading technique, and not so greedy I end up only breaking even or worse. Having read up on this story, I think Russia is just flexing its muscles - it's sending out a clear signal to foreign companies not to play brinkmanship with the rules. I have read that IEC's reserves are double that of Cairn's! Also this recent turn of events will delay their exit from AIM into the "main market". For the latter reason, I am choosing to stay out until this blows over.

Bridgewell reckons the issue could be as 'innocent' as the difference between the way the Society of Petroleum Engineers and the Russian authorities calculate reserves. D&M uses the SPE standards in measuring a company's oil resources. The broker thinks investors should take the sell-off as an opportunity to buy Imperial's shares. Mitvol last year launched an aggressive environmental campaign against the 20 bln usd Sakhalin-2 project, pursued by a consortium led by Royal Dutch Shell PLC (Amsterdam: RDSA.AS - news) . Industry experts believe the Sakhalin-2 saga was politically motivated as it led to state-owned Gazprom eventually taking on a majority stake in the giant gas project. monicca.egoy@thomson.com

davius - you are not alone - i bought yesterday at 1113. Still felt - all things considered - that at that price the stock was a bargain. Have read that it's not the first time Mitvol has made allegations which have just blown over. He either as no idea that his claims end up slamming sp's by 30%, or he deliberately does it so he or his friends can buy in cheap! Russian stockbroker Aton believes the selldown is 'clearly overdone' as it is finding it difficult to recall a case where a Mitvol-instigated investigation did result in license revocation. 'We do not believe the latest news will result in revocation of Imperial's licenses, and the stock... should ultimately return to its previous levels,' it said, stressing the shares are likely to remain under pressure until the issue is clarified. Another analyst also thinks the market may have 'grossly over-reacted' to the news. 'It may turn out to be a storm in a tea cup,' he said, noting the news is reminiscent of what happened to Peter Hambro Mining PLC, which produces gold in Russia, late last year. Rosprirodnadzor threatened to withdraw some of Peter Hambro's mining permits for alleged ecological breach. A series of inspections conducted by the Russian agency later on showed the mines were operating according to regulations.

Debbie, Yukos trial was as much to do with politics as economics. As you know Russian utilities were bought by oligarchs for a song following the meltdown of the soviet union. The massive wealth some lucky entrepreneurs found themselves with provided a base for potentially undermining Putin's regime and returning to the country to at least some form of democracy. IEC has no such aspirations though I admit your example of Shell/gazprom is relevant. It's also worth remembering that it looked like OXS in uzbekistan was going to be "nationalised" through the administration of spurious fines and with bogus legal technicalities. I bought at 15p, sold 2 days later at 11p, it is now over 50p only 7 months later.

I've taken profit on SOLA at 549. It looked jittery yesterday in advance of forthcoming results. I will buy back if positive news is released. For now I am happy to bank some well earned profit - it's been an exciting ride down as well as up.

this looks like Oxus all over again. Russia is trying to make conditions inhospitable for foreign companies. Back in autumn 2006 I made the wrong decision bailing out of OXS, would have been a multi-bagger had I stayed. Well done to all contrarians on this one.

Antisoma to get 100 mln usd near-term in licensing deal with Novartis for AS1404 LONDON (Thomson Financial) - Antisoma plc said it stands to receive near term payments of 100 mln usd under an exclusive global licensing agreement signed with Novartis AG for its vascular disrupting agent AS1404 (DMXAA). Some 75 mln usd will be paid immediately and a further 25 mln when AS1404 enters a phase III trial in lung cancer. Antisoma will be eligible for total upfront, development, regulatory and sales-related milestone payments of up to 890 mln usd, depending upon a number of factors including successful development and marketing of AS1404 in multiple indications, launch of back-up products and achievement of sales milestones. Antisoma will also benefit from Novartis part-funding its commercialisation costs if AS1404 gets to market. The group said the deal with Novartis is an important step along the way to making Antisoma a significant and self-sustaining bio-pharmaceutical company. It said it plans an active programme of in-licensing and to examine opportunities to acquire other oncology companies. Antisoma is also continuing to evaluate a potential US listing. tf.TFN-Europe_newsdesk@thomson.com slm

i'm pretty sure that's gedw despite his denials.

err.. nobody said it was you ?

fourteenhundred, gedw - just noticed this thread - the figures look v. good for this business... P/E of 9ish? Run from the caymans, 3 employees, cash rich. I like it. I like it a lot.

I am trying to extrapolate a likely gross profit for 2008:- The gross margin is going to be about 15% according to the march RNS. So that gives them £4.5 - £6m for non-manufacturing/retailing expenses? TDW lists expenses from 2003 to 2005 as 2002: £1.13m 2003: £4.52m 2004: £7.95 2005:£26.27m Can anyone tell me if these "expenses" include manufacturing/material costs or are purely administration expenses?

ignore last sentence, should have deleted - sorry