Member Info for ecovest

Trading statement forecasting loss for the year. Pointing towards it taking time for restructuring benefits to come through. Not surprising when you read the list of what's gone awry - too many fingers in too many unprofitable pies? Hopefully restructuring will have begun to prune some of these to make next results more palatable. FJET should also hopefully also provide support to the s/p as it's also a proxy for that now. Lenigas having left presumably also good from a management perspective? So all in all, the bus needs to shed some of its luggage - it's progress is slowed due to too much on board.

Yes, I guess that must be so. I also wonder if to some, 'divestment' as a word might sound bad not good, when the opposite is true here?

So divestment and open data room = good news ... so why the drop?

To leave your friends on the bus to find an alternative means of transport. I don't think the bus has changed, but the outside environment is cooler than it was a week ago, it's true. Give it a week or two and the weather will improve again ,unless the Italians start loving Berlusconi again.

Slight drop today presumably due to placing possibility. Should come back up as decent yield and further investment will be good in the long run.

Wow, that's one hell of a large late reported trade.

Amazon 7% of holdings here. Good results from Amazon Xmas recently announced should do well for NAV.

agree!

Someone confidently buying in c£14K chunks yesterday and today.

I thought we might be seeing the start of a rumour rather than someone trying to buy them up for the purposes of such a bid. But suspect you're right re. GVC as more likely explanation. That's why I've held on. I can't see why people would have sold unless they needed the money urgently. GVC seems a good'n to have.

Somebody buying today in lots of 25K chunks. Any thoughts? Rival bid coming?

Two 500 trades yesterday - anyone recall what that's supposed to be?

Look like buys to me or else s/p would have dropped more? Filling a big order?

Apple results hitting this - it's a big part of the portfolio. Shame, because without Apple, it looks very attractive.

18.46% yield at current s/p according to ADVFN. Re. Xant's point,, yes I had read that Eurochem had wanted to save money by using the cheaper method - you pays yer money and you takes your choice - you surely can't then complain when it goes t**s up. Rather it's a case of I told you so. Eurochem action seems to me like classic threat to force SHFT to negotiate a discount - and tbh, I'd rather they just got on with it and moved on. But then perhaps the contract loss would make a big dent in profits, in which case I'd rather they continue to play hardball and keep us sweating - so long as it's not for too much longer.

Regular director buys here. Decent track record over 3 and 5 years. Not done well over the past year because it's a more defensive play and got hit by the eventual market recovery. But does well on the dips - and we could be coming into one again ... hence may now rise again. Also a good inflation beater (gold and mega brands etc currently included in its portfolio) for when QE produces this.

Also tipped here http://citywire.co.uk/money/david-kempton-my-stock-bets-for-an-uncertain-year/a648071, who mentions the prospect of early resolution of the litigation. Sometimes with s/p, the MMs drop the price to get shares which are due to rise ... QPP recently springs to mind. Not saying that applies here, but it's possible.

Oh, and don't forget the dir buys soon after this all kicked off - of course they could have got it horribly wrong, but it does present a sign of confidence.

If it's a Swiss arbitration, then I suspect they will have the measure of any 'Russian bear' as you put it. And as for lawyers fees draining out, I don't think they will be actually arguing for 1-2 years and this should be covered by insurance. Premiums up? Maybe but not going to go bust through that. Bet their premiums are high anyway as it's a high risk venture. You do sound pessimistic. S/p has been south before, then people panic, sell, goes down, others buy low, it rises again, rinse and repeat. And any day now we could get news on a settlement.

Hmm, well I trust SHFT have a better contract lawyer than you ... ;) . Seriously though, I'm sure if you're a mine-sinking operator that you would put contingency clauses into your contract for unforeseen (or even foreseen) natural events like frozen ground etc. And to turn your statement around, you might equally say, "Our contract says that we are not liable for pure economic loss caused by our inability, through natural factors such as freezing, to sink your shaft. But our contract does say that you will be liable for work reasonably undertaken until the point of abandonment." I gather that arbitration could take 1-2 years. Or it could be settled much sooner. In the meantime, take the healthy divs and relax ...? It hasn't put off other contracts yet by the looks of it. Maybe you just want it to go lower to be able to buy in?