Member Info for Davius

The world and his dog want a slice of PXC this morning. The share price is up and the trades are nearly all one way - Buys, including one trade of 1m shares. Spread now 9.85-9.98p, another sign of one way traffic. Currently I still rate this as a Buy, Buy, rather than a bye bye :)

More of a lucky guess really... MOB down 6.25 to 88-89p this morning. No more news on the possible bid so shares falling after opening lower and on modest selling. If the Times report of a likely 90p bid is correct then this SP would be about the right. Still profit making opportunities if it falls back though.

Just back from the Sherborne Ironman (I was part of the support crew, not competing) so been up since before 5am and a bit tired. However, I did manage to do some research into OXS and posted my thoughts on that discussion. Another big factor putting me off OSH is the serious lack of trading. True it was 6 weeks ago that they rejected the most recent bid, but with between 1 and 3 trades a day (some higher admitedly, but many in this range) and none of any serious size, there's nothing to offer any suggestion of stake building. The share price on the 30th May (the day before their results) was 13.25p, moving up by the 7th June to 17.75p, and then on to 30.5p by the 12th June. It still has some way to fall back to pre buyout rumour days, and it spent most of the time from mid 2004 under 15p. It would be true to say that the results on the 31st May showing reduced losses have help the SP but the company still has £37m of debt meaning net assets of under £9m with a cap of £22m. The fundamentals suggest they'll be back into profit shortly, and the two brokers commenting both list as a buy (which was when the SP was at 26p). However, I'd like to see some decent trades and more buying before I'd punt on these.

Board rejects share offer, prospective bidder walks away, shares slide back down to below where they were before. Worse case scenario anyway. Since they were at 13.25p before the first hints of a bid let's hope that isn't what happens with OSH. (Re HMV, they rejected a bid at 210p, share price was 190p at the time. It's now aound 154p, just below what it was before the first hints of a bid).

It seems that the small hike on Friday was due to the announcement of a launch of a wireless broadband service for Milton Keynes. This follows hot on the heels of the excellent results of the WiMax tests earlier this week.

Share price already below that, you could buy them back for less now. Great run on the shares, only wish I'd bought at 41p when I made my first comment on them. Still, at least I made a small profit (4%) on MOB, and PXC doing very well today.

Share price already below that, you could buy them back for less now. Great run on the shares, only wish I'd bought at 41p when I made my first comment on them. Still, at least I made a small profit (4%) on MOB, and PXC doing very well today.

The times mentioned the rumours. Bit of panic buying going on I think. Good to see my other recent buys NAD and PXC on the way up too, PXC has a big string of buys this morning. Might even break even on WUN today. Oh happy day, despite the thunderstorms...

Strong rumours of a 90p bid arriving, slap bang in between my suggested 80-100p target. Goddamn, should have held, but there we go. I'd suggest consider taking profits, if no real bid emerges they will probably dive.

Sometimes I wish I'd heed my own advice. I did take a small dabble in these at 65p before selling at 69p as I was a bit overstocked. now at around 75p which suggests somthing's afoot on the bid...

No news released yet but a load of BUY trades this morning (almost entirely blue to midday). SP up 0.2p. My faith is well spread, I invest 10% of my portfolio max in any one share as a rule. The kiddiebootiepornie peeps are, unfortunately, already out there, but just as likely to get caught offering their wares via WiMax as WiFi methinks.

I've given this a quick look and I agree with the sentiments, valuation is too low. The discount to assets has been above 40% for a while, but has no doubt been hammered even more by a complete lack of buys since the 11th August (the last 20 trades are showing as sales). The hefty spread (17-18.5p) and low volumes won't help either. I would think that it's the risk factor in the invesments that causes such a discount, NAV fell from £18.8m on 13 March (45.3p per share) to £13.4m on 1st August (32.76p per share). Since the all share index is down only a tad in that time that would imply their investments are far more volatile than most. With accounting changes they are planning a share buy back and maiden dividend, but ultimately the share price is going to reflect the investment performance. Anyone with a spare £6.6m could do worse than buying the company and selling off the investments.

It looks like the management screwed up. They were paying decent dividend of 10.5p a share a year ago, latest results are losses and no div. Share price peaked at £4.40 in January 2004. However, directors have been buying up shares at their recent low price, which is usually a sign of a turnaround. the share price almost doubled on the 1st August following the purchase of 50000 shares by John Moxon who increased his holding to 5.78% (he now holds 7.53% according to my broker), but fell back to 30p where it has remained for nearly a fortnight. Very few trades in this company (eg 8 for the whole of last week) means a big buy or sell can have a significant impact on the share price. Perhaps one for recovery.

There were 11 trades in this company during July. I'm surprised the spread is only 82-85p on such low volume. I could find just one broker forecast, a buy from Numis Securities. The good news it that it's making a profit and paid a dividend of 0.75p for the first time in March. In fact it's made a profit, though small, for the last three years, turnover rising around 10% each year to £46m last year. Company valued at just under £21m, net assets of £6m. My opinion, not much happening, long breaks between news releases, practically no market in the shares. It's 156 employees are probably ticking along nicely but I can't see its shareholders holidaying in the Bahamas on the back of the company any time soon.

I've been having a good look into ECK. Results in June were good, they'd just made a profit after several years of losses. Turnover up 59% to £127.1m, profit of £1.3m against a loss of £9.4m last time. Cash/short term investments of £12.7m and that excludes the £11m they'll get from the sale of their stake in Symphony Telecom Holdings which completed in July. So profit making, plenty of cash and a current valuation of £35m. Hardly surprising that they've had a bid approach. The shares are up from 10p two weeks ago to 13p now, but still well below their 19.25p peak in late 2003. I'm having a long hard think on this one. As an aside, for those of us TD Waterhouse users, I spotted this little article from last year: Eckoh Technologies PLC said the contract it holds with BT to supply a speech-enabled stock quotation service to Canadian broker TD Waterhouse has been extended for a further two years.

I sell IT, PCs, Networks, Wireless Networking, all that sort of thing. There are companies offering broadband type connections using WiFi in areas where broadband has been difficult to obtain for years now, but at fairly low speeds. The WiMax trials achieved 6Mbits at 6K, which even in many rural areas would cover a large number of properties. This would provide small businesses with a great opportunity to offer wireless broadband to rural customers and make themselves a mint in the process. And of course the customer could do away with their land line all together since most people have mobiles. The potential for urban areas is staggering, the likes of Openzone have high fees partly due to the limited coverage. WiMax will mean a much lower capital outlay per square km and with vastly higher speeds for the customers. I think Pipex are on to a winner, although it may take a while for this to show through in the share price.

I sell IT, PCs, Networks, Wireless Networking, all that sort of thing. There are companies offering broadband type connections using WiFi in areas where broadband has been difficult to obtain for years now, but at fairly low speeds. The WiMax trials achieved 6Mbits at 6K, which even in many rural areas would cover a large number of properties. This would provide small businesses with a great opportunity to offer wireless broadband to rural customers and make themselves a mint in the process. And of course the customer could do away with their land line all together since most people have mobiles. The potential for urban areas is staggering, the likes of Openzone have high fees partly due to the limited coverage. WiMax will mean a much lower capital outlay per square km and with vastly higher speeds for the customers. I think Pipex are on to a winner, although it may take a while for this to show through in the share price.

Your only red. Wish I could say the same, although SKP are my worst performing stock. Tff pound cost averaging, at least I've been able to bring down the average buy cost. Nice to see these rising over the last couple of days, now at 25.75p from 22p last week. I found this on a news item: Sav Neophytou at Seymour Pierce, who has a buy recommendation on the stock, commented that at this price the shares are 'very attractive' for new investors, but would not become a strong buyer until the full terms of the injectables sale is known. The injectables sale is expected to be completed by the end of the year.

Use a bank (expensive) or get yourself a broker (cheaper), especially if you want to trade on line. I (along with several other contributors) use TD Waterhouse - http://www.tdwaterhouse.co.uk - and get charged around £12.00 per transaction.

Give it a week or so, any bidder would want to see the books before making a formal offer. My guess is someone would need to bid 80-100p minimum to get the company.