Member Info for Davius

But the offer I received was way under the market rate so I cancelled. Thieving buggers these market makers. Should have sold anyway as it's continuing to slide.

Unfortunately this shows just what the market thinks of the company. It baffles me that MOB should be held in such low esteem. I expect the 30s by the end of the week. Damn.

LONDON (AFX) - The Takeover Panel announced it has given Spanish internet company LaNetro Zed until 5pm on January 8 to say whether it will or will not make a bid for mobile phone games and ringtone provider MonsterMob PLC. Should LaNetro say it does not wish to bid for MonsterMob, it will be excluded from making another approach for six months, the Panel said in a statement. MonsterMob revealed in November it was in talks with potential suitors, but since then only discussions with LaNetra have continued.

I've had a good study of the interim results and have to say I'm confused about the poor SP performance. Turnover for the 6 months to June was £53.8m, of which £10.2m came from China. Gross profit of £15.1m included £5.9m from China. The statement issued with the results was: 'Currently our overall China business remains profitable, albeit at a substantially reduced level.' Since they've made efforts to reduce the China workforce and other costs, I can't see why China is such an issue. Of course if we're looking at a forward P/E of 20 based on 2008 earnings I can see a problem, but MOB has a BACKWARDS P/E of 2.6 on 2005 earnings, a ridiculous valuation. Granted that the high Amortisation charge left an overall loss for the 6 month period, but the EBITDA, EPS and Cash Flow are all flying high. I can only conclude that those who had their fingers severely burnt when we were at 400p a year or so ago are punishing this company big time.

MOB in reverse today, seems to be a bit of selling going on. Other Forum discussions suggest ZED would need to be looking at 75p to win the company, with the SP currently at 50.5p there does not seem to be much short term support for that argument. ZED may well be tempted to come in with a much lower offer and grab themselves a bargain.

Back down to just under yesterdays closing price, which is still well up on Wednesdays SP. I expect there are a lot of annoyed buyers who chased the price about 100p. I bought at 79p so haven't lost yet, plan to hold longer term anyway. It would be nice to see MOB hit 60p+, dump them and get in here for a while.

LONDON (AFX) - Forum Energy Plc said there is no foundation to press speculation that it has apparently held conversations with the Chinese National Oil & Gas Corporation. It stressed that it has not been in contact or conversation with the Chinese National Oil & Gas Corporation.

SP topped at 55p this morning but now back to below yesterdays close. Timing is everything. Sell today and cut your losses, and ZED bids tomorrow and you'll be well hacked off. Hang on and ZED pulls out and the SP crashes faster than a joy rider in a police chase, and you'll be well hacked off. Sell now and ZED pulls out and you can remain smug if a little less well off. But hang on and ZED bids and it's a very prosperous Christmas. I'm feeling a little nervous on this one now. When the original talks were announced the price eventually hit 100p. Since then it slid and then some, on no news. My concern is that if we don't hear anything for a few weeks, we might be looking at an SP back in the low 40s on lack of interest. I think given that the recent rise only started this week it's fair to hang on in there a while longer, but I for one hope not to be there should the worst happen and ZED walk away.

"Finally, small-cap traders are looking for an announcement from Forum Energy, up 13.5p to 86.5p. The word among investors is that the company could be about to sign a deal with the Chinese National Oil & Gas Corporation to develop the Sampaguita gas project in the Philippines, thought to be one of the region's largest potential gas deposits." The Gas field mentioned caused a leap of the SP to 160p during intra day trading a few weeks ago. There were suggestions that FEP could be worth 550p at the time, but the speculators that piled in exited just as rapidly and the complete lack of news since resulted in the SP bottoming at around 73p two days ago. If this tie in with China is announced (and the suggestion is we could see it before Christmas) these are going to fly.

There was another big leap in SP this morning, up to 102p mid before dropping back. Still lots of buys coming in. Nothing in the news or any relevant RNS that I could find. SP now around 92p, still 5p up on yesterday. Would like to have an indication of why this rise is happening, to know whether to hang on or perhaps dump at break even (two tranches bought at 120p and 79p, average including costs of just over 96p)

But I don't think that would have made the difference. They can be exercised up to 2016 at 73.5p, no reason for options to directors issued at the (then) current SP to cause a 10% rise. No, some other rumour has sparked this one, might have to wait until tomorrows newspapers to see what it was...

K7pws, in response to your question a week ago, the spike was the result of a HUGE gas find worth a stupid amount of money. The SP hit the 160s intraday at the time but as you can see has fallen back to almost pre find levels. However we've seen a 10% plus jump today and no RNS (at least I can't find one yet). I suspect that somethings coming out, plenty of buys on these shares, either some progress towards getting a rig to start retrieving this gas, or maybe some other company is interested in buying it up for this vast asset. Tempting to top up as it really does look like we've bounced off the bottom.

I read a report on another forum suggesting that SKP has already found a buyer for it's injectables business and was expecting to sign off on the deal during December. If this is accurate it should give a significant boost to the share price, as the unit has a lead drug call DepoBupivacaine with the potential to generate revenues of more the $1bn a year. The injectables unit has been a strain on SKP finances, generating an operating loss of £18.6m last year and requires much more funding to bring the products to the market. Any deal would likely be for a cash sum, plus a share of future revenues, which would be good news for SKP and shareholders. Having been loyal to SKP for a while now watching a falling SP I feel relatively optimistic that we've bottomed out.

We have another rise this morning and have pushed through that 50p barrier, up 2.25p as I type. I'd like to see the mid 50s by tomorrow, an RNS on Monday with a bid by ZED (no response to 'Zeds Dead' - name that movie by the way) of around 70p and we can all exit happily.

Price on the up again this morning. Ambrian tipped them six weeks ago at below 200p but has now changed from "buy" to "hold", stating that the profit prospects look bright but the valuation looks stretched given that the company has yet to deliver on promises. A great ride for anyone in these share but beware the peak, the profit takers step in at some point. Alas I'm not in these shares, but if I were I'd hold for now but sell on any downturn. Bear in mind they hit the stock market in August at 89.5p on the first day of trading. Expectations are high but this is an optimistic punt at these levels.

The SP is trying to hang on to that 50p level this afternoon. That's actually above break even for my three tranches at 61p, 51p and 40p thanks to good old pound cost averaging. Still a few pence needed for level overall but I'm reasonably confident. If only we can get a firm bid price from ZED (Zed's Dead Honey - name that movie!) we can kiss good bye to these big fluctuations in share price.

Although I think these a hold, the amount of selling going on is making me wary so have sold my shares at 12p (bought at 11.175p on 24th Nov) to close within the trading period. This made up most of the loss on my longer term holding in ECK bought a few months ago and also sold today, net loss about 1.5% (or about the same as dealing costs). Another reason for the sales is to stick with MOB to see what transpires with the possible bid by ZED. I had to close at least one of them today and I think there's more short term potential in MOB. Should ECK stay static or fall I might well be back in when the MOB saga unfolds.

I bailed on these at a small loss on November 17th at 0.316p, which looks to have been a good decision in hindsight. As at lunch time today, the last 27 trades were all sales and there have only been 4 buys in the last 50 trades. I suspect your assessment could be right, there may well be some bad news imminent. Take a look at EVC for what can happen to a pharma stock when this happens, 134p last Friday, 25p today.

Sell now and buy back later on today if you want to keep them.

http://www.lanetrozed.com/lanetrozed Quite easy to see why they'd be interested in MOB. I would certainly be very pleased indeed to see a 70p+ bid but of course they could walk away if the SP rises too quickly. As you mention, we did see 100p only a short while ago and that was then there were several possible bidders, I doubt very much if they would need to offer that kind of figure to secure MOB, even if it were without the support of the board. I think anything around 60-70p has to be a good price and probably the time to consider exiting.