Member Info for Discodave4561

Hope all is well. Still think this can achieve £1650, that's still a fairly low PE of about 15. Its taking a breather but wouldn't be surprised to see it build up again towards Q2 on the 6th........we will see!. DD

£29m a bargain no doubt. Nice to see they have taken on some employees as well. DB haven't a clue! DD

Doubt it. The average VAT for all the EU countries is 20%, the same as the U.K., only four countries have a VAT rate lower than the U.K. (Cyprus & Germany 19%, Luxembourg 17% and Switzerland 8%). The total revenue from all non-UK countries is only about 20%. Can't see that this will substantially reduce their costs, as the article states SPD will pay "substantially more tax in the U.K.". DD

My guess is that Georaid have diluted and called it a day, hence the proposed share issue, wouldn't be the first time that the BoD have withheld information. Makes you wonder why, after their drilling ceased in 2011, did they give up so much of Mutsk in the first place!. DD

Good GDP numbers also means rate rise December - hardly news but market over-reacts to everything recently. Notice Hewdens are in trouble: http://www.telegraph.co.uk/business/2016/10/29/cash-squeeze-and-debts-force-hewden-to-hunt-for-new-backers/ DD

DHC Ignore away, it's clear you have an agenda. I have no agenda just posting facts. SPD HAVE NO SHARES IN DEB, the put option was two years ago, so has had no impact on the sp at DEB, what rubbish. Beetham - fair point but still trying to find out how much as there has been share splits and they still hold 5.8 million shares. DD

Apologies for spelling, bloody apple!, that's obviously sterling!.... and "has cost". DD

Can you post up what the JD profits are please. The put option is not a CFD, it's my understanding that if the share price is not at or greater than the exercise price SPD will have to buy the entire stake - ok it's not £85m but £71m (the £85m was taken from a news paper article at the time the put option was extended). You don't know what the exercise price is (nobody other than SPD and DEB do from what I can gather), it could be £1, £2 who knows? - if you do know what the exercise price is then please post up a link. To say their hedging was sloppy has to be the understatement of the century, not only the £15m loss in a matter of seconds but how about their complete lack of Euro and Stirling hedges, the lack of euro hedge alone has ccist c £68m, the lack of Stirling hedge will mean the costs of goods will go up at least 20%, think all these alone are starting to stack up to about £230m. Im of the view that SPD may be a good investment, then again when inflation starts to kick in next year who knows!. DD

Beetham SPD flipped their 4.6% share holding in DEB to a put option 16th Jan 2014. They have further increased the option to 10.5% since then, they do not directly hold any shares in DEB. They have not divulged (from what I've researched) what the exercise price was for the put option, suffice it to say the share price was around 80p at the time. Given DEB share price is currently 55p then IMV there's a high probability this will be miles below the exercise price (would assume it would have been set greater than 80p at least) and hit SPD by about £85m. How much exactly have they made from JD and other investments? - don't forget the recent £15m hit on the sterling flash crash by playing with a CFD instead of a straight forward hedge - which they couldn't be bothered to sort out in the first place. My point generally is such investments should not be relied on to bolster the bottom line of the core business, if MA wants to have punts on fx or other listed companies he should use his own money. DD

The DEB 10.5% share put option expires March 2017 I believe. Given the DEB share price has nearly halved I imagine there's a strong possibility it will be below exercise price and cost SPD £85m - guess they could always extend it?. Another potential cock-up by MA instead of focussing on the bread and butter!. DD

Midas tip yesterday http://www.thisismoney.co.uk/money/investing/article-3862270/MIDAS-SHARE-TIPS-Bar-group-serves-mean-cocktail-City-wants-Revolution.html DD

Strange that none of the BoD feel the shares are good value at the moment as none have dipped into their pockets since the buyback started. Appears it's ok also to partially (or wholly?) buy back shares with debt, strange also that earnings are now forecast to drop ~24% compared to last year and share buyback now increased to about 23%. That's one way of appearing to stabilise underlying earnings when the opposite is the case. Wouldn't have anything to do with Exec KPI share bonuses also being related to underlying eps targets would it?, strange also that share option schemes have, from memory, an exercise price of 299.5p, coincidentally the same as the aggregate price they are prepared to pay for the share buyback.........seems to me the business feels £3 is the ceiling here when using other funds to purchase shares for the benefit of the BoD, but none of the BoD are prepared to buy any with their own money even when it's less than £3 - share buyback inspiring investor confidence, not IMV. Still think MA will take this private at some point. Not deramping but feel only the positives have been posted in relation to the buyback - yes now would be the right time based the the low sp, but not the right strategy IMV when your debt is increasing and earnings are reducing. DD

URI numbers looked solid on Thurs and from reading previous quarter results for the current FY this is this first time they have increased their forecasts towards the upper range, ok its marginal increases but shows a positive change in direction. CEO commented: "Based on what we saw through the third quarter, and what we hear from our customers, we remain optimistic about the cycle. We now expect our 2016 rental rates and adjusted EBITDA to track toward the upper end of prior guidance and free cash flow to exceed our prior expectations." DD

Buzie 1. It's not the last chance, Q3 is next Thursday, 2. Results will be a lot better than last quarter. Would you mind posting up why Q3 will not be "great reading". TIA DD

Apologies, may have posted incorrect data Re: non pre-emptive share issue, thought they could only issue a further 5% to 7.5%, which was c £70k, however, have just had the AGM letter which mentions share issue of about £588k. Don't understand, but doesn't matter really as voted NO..........BoD are big bunch of robbin barstewards. DD

That's **** not puss, but then again if it's free this BoD would even take that!

Note the "for general purposes". This BoD are a joke and clearly have no qualms about taking the puss out of shareholders, I for one will not be voting yes to give 5% of my wealth to them. Non pre-emptives are also limited over time, believe the share dilution cannot exceed 7.5% over any three year period, so it will be interesting to see how much they are going for - if it's the full 7.5% now then they don't see this lasting too much longer IMV and they are going all out whilst they can. DD

With reference to your earlier post (09:46) and clarification for pre-emptive share issue, it was my understanding from the RNS that they are seeking shareholder approval to do a NON pre-emptive share issue: "The General Meeting will consider resolutions to seek new authorities from shareholders to allot shares for general purposes and on a non pre-emptive basis." It's my understanding that non pre-emptive issues exclude shareholders, the shares will only be offered to non shareholders. It's limited by volume as well so they can only issue 5% of the issued share capital and the discount is also limited to 5% (well it was a couple of years ago anyway unless it's changed). Either way it's another dilution for pi's just to raise about £70k to give the BoD one last decent Christmas bonus. DD

Jibber, Their house broker, Beaufort, has issued a speculative buy note this morning..............perhaps nothing to do with the 0.0249'ers??, who knows with this lot. DD

Thanks Matt, don't mind contrarian views but those without substance are clearly posted merely to support that persons position/personal agenda rather than their actual opinion derived from facts......IMHO That said will await a reply from ST before placing in the sin bin. Hope all is well. DD