Member Info for Ferrari3

I haven't time right now to look at this company but thanks for the tip, may try and get to look at it later tonight, Thanks!

Your reasoning could be the answer I'm looking for and may explain the low SP, I do feel this will rise though to catch up when miners rise as they will at some stage, they're taking a hammering at the moment.

This may be good for £1 today, wondering whether to jump on again after the horse has bolted

Well I'm happy that this is gone up, I sold out for a smaller profit when the markets were extremely volatile.........but profit is profit

Any opinion on this share or on what I think below........OR am I missing something bad that's coming down the line? This share has to rise IMO as the cash they should have in the bank far outweighs the current share price.................

Was marked up then down quickly not 27% rise..................Strong buy IMO for long term and may drop a bit more but could go up too

Just as I post that comment yesterday it goes up 27%..........Billy this was what I was referring to

I make it 1.05 Billion shares in issue approximately if that's the case this company has conservatively at least 4 times more cash in the bank than its market cap????????............Or is my maths wrong????

With over a billion shares in issue and a market cap at this price of around £14.7M this is seriouly undervalud at the moment, on an estimate they they have £50M+ in the bank or therabouts or even more as well as assets in the ground, albeit mothballed in their biggest zinc play. This is definitely one for the long term especially if it hits 1p which it could soon. Rough estimate of net assets as they stand is £60M to £70M approx. or 5.5p per share IMO.........Only other scenario is I'm getting the shares in issue wrong, good to hear from someone who will mull over their complicated figures to confirm the above approximation????

........Yea, I was looking at this as a good buy, and in fact it's share price now is actually at bargain levels based on the cash they have. The only problem is the zinc price which has resulted in them mothballing the Burkana mine until prices improve. The share will probably dwindle down to 1p at this rate but is excellent value if it goes to that and worth waiting for as a long term bottom drawer share. They have everything in place to start mining on good reserves when the zinc price becomes favourable. This company has the cash to do JV's or takeovers of other more favourable mining plays. This is a share that could multiply greatly in time IMO and a strong buy at 1p which it will probably get to..............

Look up the terms Nett profit and Gross profit on Wikipedia or a business terms site. Gross profit is not the one to pay that much attention to, Nett profit is, that tells whether the company can or cannot or is makeing money. Hardly any AIM companies pay a dividend, if you want that invest in Blue Chip stocks or Bonds.............Speculative Oil companys and Miners and researching Pharmas and some Computer companies invariably show losses, the gamble being that they'll discover something or patent a new technology etc. Be careful of companies who put big value on Goodwill sometimes put under Intangible Assets (refer to Wikipedia) on the accounts. This is an area where Shorters target overvalued companies. Good Luck and don't jump into any stock without researching it first, look at the trends, always buy at the bottom no matter what, don't be afraid, then hang on. The few times at bought at mid range on a share I've been burnt. Recent example Tanfield (TAN), just look at their graph and you'll see why.........Good luck, learn all you can and you'll make good decisions and don't believe all you read on these boards, but there are some whose advise is brilliant!

Are you in on TAN at 5.5p?

I'm out of this and waiting a few weeks, don't know where the bottom on this is, we need the advice of someone who'se good with the candlesticks!

If I'd stayed in SER I'd have made £20K profit in one swoop when it hit 10p, instead I got out earlier with £7K profit and put it into TAN and now have lost on that move over £17K............total swing is £38K approximately or thereabouts, I'm afraid to work out the figures exactly.........going to take a bit to recoup that loss now........

.............Oh, hell, don't rub it in............I'm waiting for a heatwave here soon...........just like I'm waiting for TAN to hit £1 a share!!!!!............I'm sitting on a bunch of factored down shares that seem to be factoring down to zero at this stage.

Great location, absloutely the tonic and background to do a bit of trading and chilling out at the same time.............last year I was looking at buying something in Pollensa but thought I'd wait a bit as there were rumours of property going softer, but with Majorca prices seem to hold up very well in the good places.......You've got me thinking of heading over now, weather here in Ireland has been horrendous...........bet your happy to hear that, justifies having a place in the sun.............Have a good time!

Majorca! One of my favourite spots, love Palma and especially Porto Pollensa, beautiful island. Careful eyeing up those gorgeous babes in the R Bar if your accompanied by your other half, if you're into clubbing try Chivas from 1.30AM onwards good music and very cosmo..........going to try get out there soon.........I was in Menorca a few weeks back, was with my son and his friend, much quieter there and more for kids..........have a good time!

Broker gave the reason he had only 10K tpo play with and would have to get a quote on bigger orders.......don't know more.......

Only 45K shares traded, buy up to 10K of shares would be 2.5p, after that you'd have to order more and buying price would be higher according to my broker, shares are tight right now.........

I've cashed in and will wait until FTSE drops to end of july early August, I think all shares are heading down generally, I know ATG are not TAN (where I'm keeping in because they're worth zero almost) but one thing worried me that they may post downward revised forecasts and you can see the reaction those kinds of things are having on share prices at the moment...........with TAN the case is they are a bunch of deceivers and liars, their Chairman cashed in at the top for £18M and could buy the company off for almost that now and still realize £11M in the bank.............