Member Info for Davius

Lol, had barely clicked on 'post' before it moved to 5.5-6.5p.

If they get a bid then it should be at a higher price than this, the market cap is around £2.5m at the current 6.5p mid. Big gamble from here though, much less room for a hefty profit. I certainly wouldn't be chucking serious money at it but a K could offer up a 20 or 30% gain pretty swiftly. I think you need to assess how far it might fall if the talks amount to nothing, I suspect we'd be back down to 4p pretty swiftly. 6.25-6.5p spread, so if you want to take the gamble now would be the time.

1-2 at 93-95p Buy volume 55K, sell volume 17K Quite surprised at this turnaround. Spectacular gains here for anyone getting in even close to the bottom yesterday. I'm a bit baffled by this recovery, what with talks with the banks over financing, but can only assume that those in the know were aware of these issues and had discounted the problems. The profits should easily service the debt though, so it does appear to be more of a short term issue. Have piled back into CFM so forced avoidance anyway.

True, I did buy in at 1.088p, and then I topped up again (small amount though) at 2.238p. I just sold the top up at 6p which has left me with a profit overall, plus 90K of 'free' shares, so I'll probably leave these in for now to see what happens re the takeover talks.

I disagree gluefactory. The company has cashflow problems, but plenty of assets and just turned in their first profit, albeit a tiny one. Gyllenhammar is no careless investor yet has taken an 18% stake at the depressed share price and could already take a serious profit (in percentage terms) if he chose to. Tersus made it clear some time ago that they needed to raise capital, but the £4m of net assets is still well over twice the current market cap, even after the recent rises (and up to 5p mid today already). The portfolio of businesses is strong and interesting, the problem is they've rushed ahead a little too quickly and don't have the funds to grow the various businesses. I suggested that Tanfield would be a perfect buyer for Navitas. Questions via email to Tanfield have gone unanswered, unusual as Dan normally gets back within a few hours. Were they to sell Navitas for say £2m, that would put them back on track and we should see a sustained rise in the SP. And if this is a possible company takeover then I foresee 8-10p as a minimum and possibly a lot more.

After the news of banking problems yesterday, and the recovery in the SP late on, Johnson Services are currently in the top 10 risers now this morning, at 81-84p.

Been there and tasted the pie, it is not nice. I would expect these shares to be a bit wobbly for a while and plenty of risk now they've announce problems with the banks. Look at CART for an example of how it can go horribly wrong, apparently recovering right up to suspension... O/T, if you're looking for a truly wild punt as a recovery option, take a peek at TER, announced that they are in talks with an interested party, shares were 29p, fell to 1p and now still under 5p. BIG risk but possible it might double from here.

SP recovering, 62-63p now and buy volume picking up once more, 191K against 14K sells. Not sure that I want to tempt fate by getting in again though...

50.5-51p. Did try to buy back in briefly but no luck, they may have suspended computer trades for a while, as happens sometimes. Auto trades appearing again now though.

Sorry, was too distracted by TER to spot what was going on here. The RNS says they don't have sensible offers for any of the non-core businesses and won't sell them off cheap. This means they have a cashflow problem and will be in breach of bank covenants. They've announced therefore that they are in talks with the banks, hence the sudden turnaround in the SP. One suspects that this info was leaked to some in the markets which caused the exagerated fall today bringing in the likes of us spotting an exagerated fall. Now the real reason is revealed.

Happy smiley Davius today :) TERSUS ENERGY PLC (the "Company") Statement re: Share price movement On 28 September 2007 the Company announced its interim results for the six months to 30 June 2007. As part of that announcement, the Company stated that it would require additional finance in the short term and that its Directors continued to explore a number of avenues to access additional capital. The Company notes the recent movement in its share price and confirms that it is in talks with a third party which may or may not lead to an offer being made for all or part of the Company.

Spread 51-68p then, now back into auction again at 60-51. Some odd things going on here. Auction moved to 65p now. All very odd.

Not sure what happened there, but they just took a serious dive, and went into auction at 70.5p. All of the bids just dried up, no explanation. Might be a minute or two before it sorts itself out...

Sold at 80.03p, small number of shares but a 14.2% gain after costs. Good luck if you stay put, I think it really should recover further but my eye is elsewhere.

It's looking pretty robust to me. The reason I'm in so light is because I went back into CFM heavy again this morning (having sold out yesterday). In percentage terms these have risen more, but CFM have that possibility of a big leap if they get a good ruling from the courts. I think JSG might creep back up towards 90p in the short term and would certainly put more in to it if I could. 80-82.5p, buy vol 238K sell vol 20K

80-81, buy vol 253K depth 39, sell vol 25K depth 11

Auctin at 77p this time. Damn frustrating to have gone in so light :(

A swift move ahead and now in auction at 75p. Should come out at 75-75.75p if nothing changes, although next bid price is 73.75p.

Buy volume 480K depth 46, sell volume 30K depth 13

I'm in, but to such a trivial amount it probably wasn't worth it. I had such a small credit left after going in heavy on CFM again this morning. SP still picking up though and already at a profit, 71.5-73.5p. L2 showing buys of 437K, depth 44, sells of 25K, depth 11.