Member Info for Davius

2-1 at 69.5-71.5 (2K-1K) Buy volume 432K, sell volume 25K

If you take a look at the reports from the profits warning on the 31st October, it's clear that the business is way behind targets and will underperform for 2007 and 2008. However, some of the comments at the time are worth rereading: "The analyst said he expects the forecast for full-year pretax profit to drop to 18.5-19 mln stg from 19.7 mln stg. For next year, Forsythe has forecast 26 mln stg, but said 23-24 mln stg looks more realistic. Evolution Securities has an 'add' recommendation on the stock and has put the target price on review." When the above comments were posted, the shares were at 160p or so. If profits were to come in at the bottom end of those projections, £18.5m, that would put the shares on a P/E of 2.14, falling to under 2 for 2008. There seems to be little to explain the continued fall unless it's the concern that net debt might bring the company down.

RNS Number:2041H Titan Europe PLC 07 November 2007 Titan Europe plc (the "Company") Director's Holding The Company announces that on 6 November 2007 Steel Wheels Executive Pension Fund on behalf of Vincent Wicks, a Director of Titan, purchased 10,000 Ordinary Shares at £1.47 per share. Following this, Vincent holds a total of 70,000 ordinary shares representing 0.08 per cent. of the issued share capital of the Company.

This almost reminds me of the technology bubble. OCZ make high quality memory, part of their range is top end for gaming PCs, but they offer a full spread of products. The update today says they will be significantly behind expectations, because memory prices are very weak, reducing cashflow and margins. I sell their products and can highly recommend them as robust and reliable. I think this company is a very good candidate for recovery, although continued weakness in the memory markets may keep the share price subdued for the time being. I've bought today for longer term recovery, at 62.5p.

Share price nosediving, yet buys of 150K shares and sells of 47K shares. SP now down to 137.5-142p. The shares have fallen back because the company has revised down it's second half performance, but they called this a "precautionary short-term de-stocking rather than a sea change in demand for undercarriages". Syemour Pierce retained it's "buy" rating but reduced their target price from 320p to 280p. It may take a while for these to recover, but the lower they fall the more undervalued they appear to be. The problem this morning, despite 5-1 buys over sells, is that the order book is decidely thin, only MMs with buy orders, buy volume just 4.5K shares, sell volume 21K shares.

Was watching this one yesterday. Spread went a bit wide for a time which put me off, but had to agree the fall was overdone, particularly as they are pretty much on target and with the good broker recommendations. I finally succumbed yesterday and also bought in, although a little early at 147p. Modest recovery already underway this morning on buying, up to 147.5-150p. The accounts for 2006 show NAV of £140m, discount intangibles and it's still nearly £90m, against a current market cap of £122m. EPS forecast for 2007 at 23p, rising to 30p next year. A forward P/E for 3008 of under 5 for a growing company? Do me a favour, definitely underpriced.

I don't think you have anything to worry about for now. A reverse takeover almost always results in a suspension of the shares of the smaller company. The news on the same day as the suspension that William Weston had taken a 3.2% stake looks promising too. It could be some weeks before they resume trading, or it could be imminent, but I would think that negotiations will likely take a while. As chan suggests, call their nomad for any guidance they may be able to provide. Also email or phone the company, they probably have someone you can talk too.

You could take a look at TER, very risky but bouncing well off 1p on steady buying and news of a large stake being built. Alternatively CFM are worth a go as they expect a ruling shortly on the legality of one of their major licences. I'd suggest that one is a bit less risky.

Peter Gyllenhammar has increased his stake to 18.4% (7m shares). A Swedish investor known for picking up large stakes in distress stocks, one suspects he will have taken a close look and determined that the risk/reward balance was favourable. I think when 'names' start taking an interest in a recovery situation such as this, there is still value to be had. I've added more shares today, at 2.238p, to my buy from last week. I've set my opinion as a buy but would advise cautious investors to steer well clear, there remains plenty of risk although a significant upside potential. The spread has moved ahead to 2-2.5p but trading is being offered at 2.02-2.24p currently.

The market makers have found themselves with excess stock on more than one occassion and have hiked the price to encourage buyers. If this is the case today, it hasn't worked, so far anyway, as despite a few small buys we've had more sellers. I'd be highly suspiscious of any rise unless it had associated buying, was particularly large or was on the back of an RNS.

I had an email from Henry Birch stating that they hoped to conclude the current talks within 3 to 6 weeks, which would be any time from Mid November. He was pretty clear in his email that since they were talking to more than one party he could divulge very little info, but certainly came accross as very upbeat. I don't think that the current share price particularly reflects sentiment, it's caused by sellers of the shares. Another 200K sold at 8p today I see. No idea if they will continue to drop before the talks conclude, I continue to hold but this is now my worst performing stock. I'm fortunate that others are doing well this week (particularly CFM) which makes it easier to bare this drop.

Tersus fell early on today, and were on offer at 0.9p. I have to say that it was tempting to double up on my investment but there are huge risks on a stock that has fallen by 98%, i.e. not far left to 100% and worthless shares. The fact remains that discounting goodwill and intangibles the business has (or more correctly had - at the last accounts) assets of £3m, or around 6p a share. The product portfolio is diverse and stuffed with potential, so the blame for the dire share price has to be laid squarely at the feet of the directors. Even the 'small' recovery in the share price today represents a 44% increase, although because of the spread that would equate to an 18% gain after costs were I to sell these now. I think it is worth hanging on to my shares, the prospect of a true multibagger is evident. They may be worth nothing in 6 months, or several times the current share price. Those seem like pretty favourable odds to me. (Current trades at 1.32-1.87 - scary spread)

Hmm, pure speculation this, but if the court rules in favour of CAMEC after their hearing to get a potential licence revocation overturned, it could offer some hope to other companies whose licences are also under scrutiny. The DRC is staging a comprehensive review of various mining licences for dozens of overseas companies. The CAMEC outcome should be known shortly, it's due by mid November but could be announced any time. A positive outcome could perhaps see a recovery in the share price of other stocks in the same situation, but for now Brinkley looks to be in a sorry state.

True, some of the time anyway. When I bought it was quoting me 1.01-1.09 which wasn't so bad, and the trade went through at 1.088. Although currently 2-2 at 1.0-1.75p the actual trading spread is now 1.04-1.26p. Probably wide enough to put me off now though.

The company is now valued at around £500K, a tiny fraction of the pricing place. Cashflow problems have hammered the company, despite reporting a very small profit in September. They need to sell some assets or perhaps raise funds via a placing to keep them going, and soon. However, the net assets are still several times the current market cap, even if you remove intangibles and goodwill. It would be a huge risk to punt much on this stock, as it could go under at a moments notice. But with the assets the upside potential is significant. It's really a gamble on the management, can they turn it around, if so a multibagger is all but guaranteed. In for a small long term stake at 1.088p (although showing as a sell). I'm not placing a buy opinion though due to the high level of risk involved.

The concensus seems to think this should recover further. However, I already have a couple of oil exploration stocks so never planned to invest here, it was only ever a short term recovery punt. Have a good read through the results released on the 24th, they should give you a feel for where the company is going. They plan to achieve shareholder value through farmouts and asset sales, any RNS announcing such in the coming weeks should have a positive affect on the share price. Plenty of potential for further SP recovery I'm sure, but like all explorers, plenty of risk attached also.

It looks to be a technical bounce, the shares appeared oversold (the price had been driven down too far than warranted by the company performance) and has recovered today on moderate buying. You often see this kind of a bounce on share falling heavily after the resumption of trading following a suspension. The difficulty with EEL was that the fall has continued over a few days and they remain well below the resumption price. Another good example of this has been MXP today, they've rallied over 50% from their lowest point today. It's a good idea to research the fundamentals of a company before deciding to invest long term, in my case I was only ever in EEL for a short recovery profit. The rise has continued though, currently 16.25-16.5p, although level 2 evened out somewhat as the afternoon has drawn on.

Great recovery, but wasn't in for a great deal, have decided to take profits at 15p. Good luck to those staying with EEL for a longer recovery.

Plenty of buying this morning. That 2K buyer kept appearing for a time, bidding a quarter penning higher than anyone else. Plenty of interest around 12-12.5p though and the SP now at 12.25-12.75p. Has this finally bounced?

Despite the low valuation they could still have further to fall I think, but probably worth a small punt at these levels. I have taken the plunge for recovery on a T20 at 12.25p. A target of 13.75p would result in a 10% gain after costs. Stop loss of 11p.