Member Info for discopablo

In my book, 300p is cheap. I've got to be honest and say 400p plus is where I'd be looking if I owned this bad boy.

Am I right in thinking that these trades might also only just be being reported and could have happened at a different bid/ask spread of say earlier in the week? That would possibly make them buys if the ask at the time the trade genuinely took place was 4p and would also go some way to explaining why the sp increased? OR! is that all myth!?

Just the beginning of the re rate. Needs to be at least 34p before I sell ANY!!!!

Hi - saw you post on Sefton earlier today. Apologies to everybody for the cross over here. Just wondering what your views are on the current sp and the future for the company? Any thoughts, good or bad (!) most welcome as I respect your view. Thanks in advance.

Ha Ha!! It had to happen sooner or later. I just hope it hasn't any impact on the space time continuam..... I think the company is just way way oversold. Couldn't believe it when it was at 12! That was nuts. As far as I can see the BoD do make a few silly errors here and there like admitting to invoicing in rupees a while back and they also seem to have trouble managing their working capital days. But the fundamentals here are pretty bl00dy sound in my opinion and like I say I won't be offloading any until at least 34p.

Guys - this is just the start of the rerate. I have a lot here at 12.95 average. Won't be selling any of mine until at least 34p.

Much anticipated re rate for this much undervalued share IMO.

Encouraging buying today. About time!

I added too, but only 5,300 shares as that's all the spare readies I had. 65K shares now, but at 22p. Still think that's cheap I've got to be honest.

definitely view this as a great opportunity to top up if you believe in the fundamentals of the company. Don't forget the directors signed up only a few months ago at 20p. I genuinely believe that there is huge upside here.

finally moving in the right direction. Massive upside here.

If the directors are happy to pay 20p, then quite frankly I'm more than happy to top up at 16p. Pretty sure the reason for placing was to replace working capital that they were struggling to recoup from trade debtors though, not capex. Long term fundamentals here are very good indeed I believe.

Forgot to say - they did make a hash of forex and I think they might have invoiced in Rupees earlier but believe they have seen the error of their ways.

Hi there! Yes, it's public knowledge that they had issues with their accounts receivable - assuming that's what your AR meant. Indeed they have said they are putting additional focus on this area. That is why there was an issuance of share recently at 20p. That of course is factored into the sp now, so you could argue that the AR problem is well and truly factored in. If memory serves they had an order book in excess of £150M at the end of the previous financial year - more than three times annual revenue. With regard to their revenue recognition policy I should imagine they follow SSAP 9. Bearing in mind the nature of the business I would imagine that this would be the riskiest area for the audit of the financials. Clean audit report says rev rec OK. I tend to think that this sp is undervalued - but I also think to relaise its full potential it's a bottom drawer. So much potential and cannot see it dropping any further. I would advise to hold and if you have excess cash then top up. Just my opinion though! Cheers.

Finances say yes and have just topped up. Now 60K shares on the nose. Interestingly though I managed to buy at 16.0001p.

Lord knows what they were doing with their translations last year. But this is a sleeping giant I think. Just trying to calculate my free cash as might have a top up!

Thanks! I still think it's cheap!

Before I look silly, that's what the m.cap is on my 'Stocks' app. However, on Bloomberg it's £10M. Doe anybody know the number of shares in issue?

How is the below worth a market cap of only £5.75M!!!!! This sp is cheap as chips. Financial Highlights for the nine months ended 31 December 2012: Revenue: USD 25.91 mn (2011: USD 28.64 mn) EBIDTA: USD 11.00 mn (2011: USD 11.83 mn) PAT: USD 2.58 mn (2011: USD 4.66 mn)

I would agree. I've got 50K of this little puppies at an average of 24p. I'm not bothered by the current sp one little bit. I believe this is so so cheap. Results not too far down the line now. I genuinely think anything below 35p is low, but each to their own.