Member Info for Davius

Just checked and at 34-34.5p. Screen does indicate that an auction was held at 34p though. Glad to see this one coming back up, although not holding.

Auction at 28-27.5p. We could hit that 30p price today at this rate. I wonder if Worthington has been kicked out, or perhaps they've won a good contract... Something's going on anyway. Auction now moved to 28.5-27.5p, there seems to be a bit of a scramble for shares...

I've had a half dozen or so over the years, they are not pleasant but at least in the case of WNG you have a cash rich business, no debts, and not even reporting losses yet. A bounce from the 15p or so bottom was inevitable, the fall was clearly exagerated and the SP dropped well below the Net Asset Value. Better to be in here than some debt laden monster that will struggle to recover past glories. Ummm, CART spings to mind :)

Lol, 25th September I believe.

I presume that you were in from a lot higher then, before the recent broker downgrade? Can I ask what price you need to break even? It's never easy to know what to do when one of your holdings collapses. Personally I tend to look at what kind of recovery might be in prospect and buy if it's likely to rise. If I'd bought say 5000 shares at a pound (£5K investment) to see them drop to below 20p, but I think fair value is higher, I'd stick another £5K in (buying 25K shares at say 20p) bringing my total invesment to £10K and 30K shares. Therefore I need a recovery to 33p to break even. It happened to me on CART recently when I had one open position at the fall from 250p+ to 52p. Made up about 40% of the loss on subsequent rises by buying in again at various prices. Good luck with your recovery here. I still value them at 30p or more.

Great start today, that 30p target of mine is not looking quite so optimistic now. Almost all of the brokers are now offering 24p bid, they want your shares. Could be stakebuilding.

Bovis Homes recently fell from 1100p to around 800p on interest rate concerns. Several press recommendations suggested buying the shares, but they've remained volatile, dropping to 720p a month ago. Recently however the share price has been fluctuating in the 760-810p range, until yesterday when then dropped to below 750p. They have a decent yield, a P/E of under 10, good dividend cover and plenty of broker buy recommendations. I think this is a share that can be profitable in the short term, but also may be a good prospect for longer term recovery. Despite concerns over mortgages in the UK, the government has indicated that we need to be building more properties, and Bovis has a very good stock of plots, some 11600 as at the end of June, equivalent to around 4 years worth of construction. I have bought in (just before the close yesterday) at 749.275p.

Have sold over half of my holding at 22p to lock in profits and cover any potential downside. I don't particularly think they'll drop significantly hence why I'm retaining some shares. 17.7% after costs is a very good result for two days and would cover the remaining shares falling to 16p or so. Still looking for a rise to 25p + but I'm not sure how long that may take.

Last exited at 982p on the 10th August. Quite a fall since then and now just under 900p. Odd to see the drop today (almost 50p) since twice as many buys as sells showing up. Quick spike up as I was typing, to 897-908p. Thinking about getting back in here.

L2 gone positive now, 333K buys, 278K sells at 22-22.5p. Almost 8m shares traded already today. Also, re my earlier post, when I commented that I was late into MXP because of my holding in CART, I meant to post WNG. I currently hold no position in CART.

Still here, yes. Was contemplating whether to hang on at 23p but I still think 25p is feasible short term. We're up 10% on Fridays close so worth while keeping them over the weekend at least.

I wouldn't suggest that FEP is a particularly good short term punt (unless you were in first thing this morning anyway), some profit taking was inevitable when the shares were up by a third. But the next stop will hopefully be the award of a service contract for GSEC101, and since they now have a Philippine partner this looks highly likely. Concerns over them not getting the SC has hammered the share price in recent months. I suspect they might be a bit volatile until we get the SC.

Hi Guys, you might want to look at Forum Energy, just announced a Joint Venture partner, which we've been hoping for for ages. Next stop will be the award of a service contract. These could rocket on that news.

The cash position was stated as at the 16th August. They raised £20m in May via a placing to pay off debt and fund aquisitions, hence the large cash pile. I estimate NAV around £23m based on the last accounts and following the placing. Assuming intagibles of say £5m (I posted a length assessment on advfn earlier today) then that suggests a £28m value, equivalent to 32p a share. Market sentiment will move the shares no doubt, but a takeover must be possible now, at such a low rating. Two broker valuations on Friday suggested 38p and 40p as far value. My short to medium term target is 30p, but that's not to say they won't drop to 15p on Monday. Anyone's guess, but I do think the fall has been overdone (as usual). Would rate this as a moderate gamble so am not in too heavy this time.

Thought it might finish in the 20s today but just about hanging on to 20p on the offer. A staggering 23m shares traded today, that's over 26% of the company. Currently the market capitalisation is £17.18m which still seems very low despite the profits warning. Generally I'd close out now but I think this may have further to go and might even be worth staying in for longer term recovery or a possible takeover. Will be checking weekend press for comment, but a new broker target of 40p still offers a 100% upside from here.

Wow, I thought WNG looked good for a recovery, but ARTA has rocketed today. I had a small punt at 113p, thought it might do well. Just locked in profits, what a performance. Damn, such a small punt, should have gone in much heavier, but there we go.

You smiling then Jonty? You can thank me later, lol. Struggled to buy in here, but finally managed a small speculation at 18.5p, looking good. Level 2 still storming along, 665K buys against 70K sells. Wonder if there's been a large stake building? Precursor to a takeover perhaps. One can hope/dream. Wow, 23-23.5p now.

300K of orders at 18p seems to have settled the SP to a degree.Buy volume now 703K and sell volume 194K. I see a new broker target price of 40p has been issued too. Doubt the SP will get there any time soon, but the chances of a predator or MBO must be significantly higher after this plunge. Can't call this a screaming buy as all recovery stocks have risk, but with 13.79p per share of cash and £31.5m of sales the upside potential is clear.

Lol, Jonty, I expect some recompense if you get out above 20p... Auction at 18p now. :)

Was that you posting to advfn too? Good buy, I missed it, have had no luck getting an order placed, should have left the original one on, would have probably got in at 17p. Oh well.