Member Info for Dynamicmania

Another great source in which all honesty has been an excellent source of education is actually Paul Scott's Small Cap Daily report. I am not talking so much of his actual opinion but now and again he will take a screen grab of the balance sheet and highlight a red flag. I downloaded all his comments on QPP and GBO this past two years. What he taught me in these comments, was to take much more attention to ''Trade and Receivables' (Debtors). How booking payments not invoiced or yet received can inflate profits, but can effect cash flows etc. He also gave out freely good descriptions on Capitalising costs etc. CM it would take a lot of reading to go through all the posts but I found it well worth doing and I am better for it. cheers

I have read 'Your next great stock' by Jack Houg It is principally a boos about stock screening however there is a chapter on the Income Statement, Balance Sheet and Cash Flow. It doesn't go into depth but does point out what to look for in each of these reports for potential warning signs. ---------- But my favourite book in this category is 'Understanding Company News, How to interpret stock market announcement' by Rodney Hobson This book has taught me how to read in between the lines. It explains how the PR machine can put gloss on a company report but also shows how to find the red flags in amongst all the gloss. This is why I am correct but I cause upset in many boards amongst the bulls. Is because using the methods learned from the book and with experience I have managed to avoid many pitfall the strong buy bridge fall into. GL CM.

Welcome to Latham! I was in at 498 so i am around 7% up on this. Paul Scott has giving this a decent review on his usual daily report. Fingers crossed we get a decent run on this ;)

Continuing to break new heights and no signs of momentum stalling. This is one of my brst prrformers and happy it stayed pretty steady diing the correction kast month

ah ha! CM nice to see our minds thinking alike again. I got the net cash position wrong. It is 12m not 9m. But i think you are used to my typos by now lol. But a nice increase. A bit of a momentum trade going on with some good value and very good quality. I have gone into positive territory here and hope it continues. cheers

Latham James provider of wood products produced encouraging results today and ahead in most margins from this time last year. The balance sheet has been strengthened and the reduction of the pension deficit down to 5.47m from 9.28m is certainly good going. While in line with market expectations I hope the broker forecasts will now be updated. They have earnings to decrease slightly, but giving the results here I now expect them to be an increase. If this is the case then valuation is cheap. Trading at a historic PE of 10 and forward PE of around 13. Historic PEG ((non slater metric) of 0.78 and a Rolling PEG of 0.26 Pre-Tax multiple to Market Cap (The Naked Trader way) is around 9x. This company has a net cash position of 9m. Operating margins also increasing and should go above the 6.91p/ For momentum investors/traders the 12 month RS is over 27% and on the 53 High. This is part of my main ISA portfolio and happy with the results

Just had a look at the results and I was aware of this company from a good colleague here Chequemate. I must say the quality of this company is high compared to most AIM. ROCE, ROE and Operating Margins all double high figures close to or around 20. Revenues, earnings and profits all increasing along with no debt and very stable cash flow. Even discluding intangibles from the balance sheet, the company has healthy positive equity. I note form Paul Scotts interview that this company has done, and will acquire in the future using it's cash reserves so highly unlikely of any placement to dilute shares. I am also interested in finding out more of this.. ""A small amount of revenue came from the American pilot for the Remote Condition Monitoring technology and this represents an exciting opportunity for the year ahead."" Well done to Tracsis and while I think this is of high value short term I shall keep Tracsis on my watch list. Well done share holders here.

Guess at some point VGAS will be sold to another... trading update not particularly encouraging. Update on Formal Sale Process As announced on 5 June 2014, the Board of Volga Gas has been exploring strategic options for the business, including seeking potential offerors for the Company by means of a formal sale process pursuant to the City Code on Takeovers and Mergers. The process remains ongoing and further announcements will be made in due course.

BDEV back on track for its targets to FY17 .>20% op margins and >25% ROCE. Positive trading statement and medium term outlook. Al good going forward with BDEV and is part of my portfolio

yes good to be back and return to the quiet board. You probably say that I commented on 'that' board again. I never learn huh! I needed to keep an eye on that stock movements as you know why. but back on topic, I decided I wanted CLL back in my portfolio so replaced CSRT with it. CSRT was a recent buy that i was a little uncomfortable with and i really feel CLL deserves an upward rating after year end result come out. My other investments are doing ok, although it is my evil shorting that seems to be giving me best returns so far but i previously mentioned my shorting and spread bet portfolio is much smaller than my ISA investments. in the meantime I hope your doing well.

I have decided to re-enter into CLL on a long term hold. It's historic PE has gone below 20 with a 12 month looking forward now at 10. The market is taken its time to mark this share, however next few months i hope to see some movement with end of year results round the corner, and if everything is as expected then CLL should rerate.

JD. has been quite volatile at times, but it has been a holding that survived well the market correction of a couple of weeks ago. It has still great quality amongst the fundamentals and momentum is still giving a nice wind. This is a share that I rarely comment on but have held nicely and gained good profits.

Good results as expected. Strong operating margins, ROCE, pre-tax profits and MTEC expecting to outperform for the near future. Still room over the next 12 months for growth

I had a look at this. In normal conditions I would have bought in, despite its recent fall. I was thinking pre-tax profit to now be around £4.23m? so break even from year before? On the whole some of its valuation and quality metrics are good. I do not care so much for PE but I look at other things like cash flow. I was going to enter today but with the market sell off I wish to hold more cash and shall monitor the price from the sidelines.

Good day everyone on this board. I decided to take a position today on 888. I see this is not only cheap for now and had some record results but also 888 is going against the general down trend and upward since July.. I also like the fact this is FTSE small-cap rather than AIM so broker analysis can be more trusted. It has great value across all key metrics, has strong cash flow and as far as I can see strong balance sheet. GL all

Well CLL had held up well in the AIM bear run. We have just past the ex-dividend date but I am afraid on the very strongest AIM are holding. Unfortunately after a longish holding CLL price has dropped to my stop loss point and as such sold me out. Many people will see the AIM bear run as buying opportunities but for me I see this as a time to hold more cash and concentrate more on main listings. if you decide to hold on CM I wish you well on CLL and I hope we meet on other boards which I am sure we will

We I just read this RNS and to be honest I am surprised and disappointed. While I am not invested here I am disappointed for the group and share holders. Scotrail has done quite well in running the intercity services in Scotland. by all means they are not perfect and Glasgow to Edinburgh can still be over crowded, but I do not expect this to change with a new operator. I really wish governments would work more closely with the rail operators rather than this broken franchise schemes that simply upset ongoing rail businesses and passengers.

I typed this out in my stockopedia page and then copied across. I never meant for the link to appear. My apologies.

This is a company that I was previously invested in and I was interested in the results, with making a decision going forward. I am not an accounting so when it comes to earnings and the PE it can be difficult to find a true sense of value for the company. Do we use total earnings, underlying earnings, thus basic Total EPS, Basic Underlying EPS, Diluted Underlying EPS or Diluted Underlying EPS. So four versions of EPS. Depending which ones to use then PE range from around 10 (cheap) to 24 (expensive). Personally I always look at the lowest earnings value so with a share price of 199p against Total diluted earnings of 8.32 then I have a PE of 24. So I rate as expensive. So I guess this is a classic case where PE and Earnings is becoming a difficult way to value a company. Earnings growth at least. I can see why the Naked Trader pretty much ignores Earnings and PE valuation. On his PPT against Mkt Cap I make it 21x, so this makes the company valuation more expensive Health Hive Group Limited Acquisition Net debt is high at 42.69 against exceeding 3 x pre-tax profit 11.89. Net cash Outflow of 16m due Adding back in the acquisition costs then the company was cash generative with what I calculate a Free cash Flow per Share of 11.45p, which would have covered the earnings of 8.32 The balance sheet is strong. I think SIV is priced in and with increased debt and cash outflow I think this is not one to invest in for now. If anyone can clarify to me the most accurate Earnings figure to use I would appreciate that. - See more at: http://www.stockopedia.com/content/st-ives-plc-final-results-86827/#sthash.ZccoLv1v.dpuf

Sorry I mean down from 100% invested to 60% invested and 40% cash. I really wish LSE could introduce and edit function :S