George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
That's the spirit Jolly. Did I detect the hint of a smile then! :o)
Cheer up
A little patience is all that is required here. Just awaiting news which will come as the year progresses. I can feel it in my gut JS ;0). A relatively solid year so far for my portfolio Jolly. Holdings bearing up well. In size order WTG PAYS XLM INL TTR VLK KNOS. I bid you a good day
Resisted the urge to add further to my position here today. I completely see the logic for today's announcment. It must be frustrating for a genuinely successful growth company like XLMedia to be tarred with the "Foreign company on AIM brush". These few words alone have resulted in a share price just under the IPO float price despite a terrific performance across all financial metrics in the subsequent years. At some point here value will out and the company is taking positve action to expedite this process. I believe the story is only just beginning with XLM. Will be a shame if it is taken privately prior to fulfilling its potential. Ori Weihs is a successful entreprenuer with a reassuringly significant personal stake in the business. Therefore would not be surprised to wake up one morning soon to a humdinger of an RNS and a rather large jump in the share price.
Anybody going to this event in London on 2 Feb? XLM will be presenting and either Ori himself or other top brass will be in attendance. Will be a great opportunity to talk to management directly in light of todays announcement. In this technological age there is still a lot to be said for looking someone in the eye as you grill them about their companies prospects.
Topped up a couple of times totalling £4k in the last week at 64 & 65p. Total holding now at £20k. Chart looks favourable from here as it has once again pulled back to the 200dma. Actually it overshot it this time down to 61p due to wider market volatility. Previously this pullback has led to subsequent moves up to higher highs. Still a relative bargain at this price and can only see further money moving in here in the coming weeks/months. Burgeoning cash pile and very healthy dividends. Cherry on the top would be another EPS enhancing acquisition in a similar vein to Marmar Media.
Is there anybody out there? Just nod if you can hear me... Currently have a small holding here. Looking to add at some point. Thinking anything sub £2 would be a good top up. Future prospects very bright for KNOS. Just a litlle patience required with this one.
I think you need to get out more Jolly. Following me round like this. It's a beautiful world out there you know. People and everything! Well now you mention it I was actually made up yesterday as managed to pick up another £2,000 in XLM shares when my limit order got filled at 64p. What a stroke of luck. As expected they've smashed it out of the park with todays trading update. I particularly like this line....."The Group expects to continue with its strategy of increasing scale and diversification, while focusing on enhancing its technological edge." Hmmm Zero debt and a burgeoning cash pile....i get the feeling we're not too far away from another earnings enhancing acquisition. You mention managements credentials....Mark my words Jolly you ol' fossil, Ory Weihs is one to watch, a star of today but I suspect a Supernova of tomorrow. Extremely astute and carving out a solid niche in what is going to be an explosive exponentially growing sector in years to come. Do you just not see it Jolly?? Do you not see what Ory is doing? Do you not realise that over half of the planet is still without the internet......Do you want me to draw you a diagram? Well as the saying goes ... you can lead an old dinosaur to water but you can't make him drink!
Good morning. Yes Jolly I have a good feeling. Is that so hard to believe? I've done my research. Well aware of the market reaction to the board incentive package. Also aware of transition to a software based company driven by the strength of pebble beach. You seem very quick to put people down on here sitting as you do with an air of superiority. My feeling/research based approach has resulted in my portfolio returning 106% in the last 12 months. Those results are largely due to filling up on out of favour stocks which the market had overreacted to as it tends to do, that being the beauty of this beast. My biggest winners in this regard have been XLM, TTR, PAYS & WTG (formerly QPP). I note you have been bearish on all these stocks whilst they have proceeded to notch up huge triple & double digit gains. These 4 in particular will continue to outperform this year and I recommend anyone to invest in them at current prices. Check out PAYS announcement this morning. Other companies I'm currently invested in and have high hopes for (yes Jolly, based on research) are INL and KNOS. You old timers always strike me as coming across as self important know it alls. Sitting here arrogantly thinking you're better than others. There is more to life than your ego. On that note I wish you a good day and may your investments prosper.
Did you even read my post 1400??
Seem to remember you were similarly bearish when XLM and TTR were down hovering round 30-40 pence range last year. Thank god i didn't listen to you then. I filled my boots at those prices and have begun to do the same here with VLK. This will be one of the recovery plays of 2016. Good company beaten down for the last few months....just the way I like them. QPP (WTG), XLM, TTR, PAYS made me a lot of money in the last year. Got a feeling they will make me more this year. Time to be adding VLK into the mix.
Let's agree to disagree for now. My overall point is that all the uncertainty and negativity is now in the share price if you compare where we are now to previous highs. The negotiations will be ongoing at the mo and the outcome will be revealed to the market in due course. Hopefully blummin soon! Here's hoping for a positive resolution compared to where we're at now for you, me and all PI's
Firstly the equity will not be diluted to zero or anywhere near zero. Why do you keep repeating this? Again it seems like scaremongering. If I was you, with your punt, thinking the way you are, I would close your position now and take the 18% or so loss. The fact that you are still holding whilst at the same time unnecessarily deramping doesn't add up. I am well aware of the share capital dilution issues currently facing the company. However it is in the best interests of all parties to reach a favourable compromise. All stakeholders are on the same page and are pulling in the same direction. Obviously GIC and GEF will want there newly issued equity to be worth as much as possible in due course so it would not make financial sense for them to damage investor sentiment by overly imposing on GKO in the current negotiations. Check out the share register and you will see numerous II's with large holdings. They are invested because operationally the company is sound and growing. I believe a favourable deal (when compared with the current share price) will be struck with GIC and GEF on the issue of new equity. The uncertainty will then be removed and the share price will rerate.
A bit extreme don't you think. Almost scaremongering which is strange from someone who is supposedly invested here...
I would say this is the bottom or extremely near it. Check out forecast PE & PEG ratios. Double digit growth in revenue/profit/eps. Forecast profit for this year of £26mil and 2016 £44mil. Market cap £79mil. Bonkers. But then that's why we love AIM. Money to be made for those who can keep their heads and see through the madness. Thanks largely to the Chinese contingent people are unnecessarily blanket selling foreign companies on AIM and that presents opportunity. The baby has most definitely been thrown out with the bath water. Now is the time to catch that baby.
Hold your ground. The company is sound. Dilution fears are now overdone as always happens in the market. Now becoming a great entry point before positive RNS released.
There is absolutely no connection to PLUS. This is simply the market in action. People are mostly fragile souls who travel in herds with no time to research their stock picks thoroughly. They have seen what is unfolding at PLUS and decided to sell anything remotely Israeli. Market makers are stoking the flames by lowering the price further picking up cheap stock. Robbie Burns would call this a Black Swan event and it presents a wonderful buying or topping up opportunity for those with the clarity of mind and thought to see circumstances for what they are. The Bank Holiday sales have started already at XLM. Fill your boots because this company has a wonderful future in a sector that is growing exponentially. I am long XLM and will be topping up amongst the current panic. That is how to make money in the stock market. Find a great company affected unnecessarily by negative sentiment and panic elsewhere and snap it up. Have a great weekend
Yes we broke through the resistance around 252 at start of April. This 252 level now appears to be providing support before the possible next leg higher. Been range bound between 213 & 275 since listing in '13. Get the feeling we going to have another crack at all time high of 275 pretty soon. Once that is broken could Re rate to £3 initially. To top up or not to top up that is the question....
Impact on EPS estimates The Government of Singapore (GIC) which invested £100m a couple of years ago in Greenko Mauritius, and Global Environment Emerging Markets (invested in 2009), have the right to exchange their investments for shares in Greenko between 1 July 2015 and 30 June 2017. This will lead to at least 74m new shares being issued. As a result Mr Forsyth now factors in an issued share capital of 243m shares this year, up from 153m at the end of 2014, rather than 210m in his previous estimates. The net result of all these adjustments is that Arden now expects Greenko to report EPS of 11.6¢ in 2015, or 7.9p a share, half his previous estimate. The positive is that this still represents a step change on the EPS figure of 6.1¢ reported for the last fiscal year. And with the roll-out of the new power plants on track, then it’s realistic to expect Greenko to hit Mr Forsyth’s revenue figure of $258m for 2016. On this basis, cash profits rise again to $174m to produce pre-tax profits of $68.7m and EPS of 16.5¢, or 11p at current exchange rates. This means the shares are still only being rated on about 9 times earnings estimates for 2016, hardly a high rating for company that’s expected to increase EPS by 170 per cent over the next two financial years. And there are prospects of a dividend too, albeit later than original estimates. Of course this growth is being debt funded and current net borrowings of $656m are forecast to rise to $919m by the end of 2015. Balance sheet gearing is over 150 per cent of shareholders funds of $428m. That may raise eyebrows for some investors, but interest cover is not an issue as Greenko’s sharply rising operating profits easily cover the finance charge on credit lines. Indeed, assuming net debt increases to $1.05bn at the end of 2016 as analysts predict, then it still only represents six times forecast operating profit of $174m for 2016, or 8 times the current year forecast of $121m. So although the earnings downgrades take some of the shine off the investment case, and Greenko’s shares have fallen a long way from last autumn’s highs around 186p, I still feel they are under-rated on a bid-offer spread of 103p to 104p. So if you followed my advice to buy them at 123p ('Valuable points to make', 4 February 2015), I would hold for recovery.