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See what tomorrow brings, still dont like this one!
£29.8m total turnover
£39.8m total turnover
Well the first thing I did this morning was read the RNS's, the interins reported a total turnover of £29.8. IVA Accounted for £18.1m, maybe overcooked by 10% BUT WAY TO RISKY!
Extract from RNS: In contrast, the continued uncertainty surrounding the IVA markets has been well documented. IVA case acquisition costs have risen sharply in the face of rising competition, and IVA conversion rates have worsened due to hardening creditor attitudes which have impacted on margins. During the period, discussions hosted by the British Bankers Association and the Insolvency Service have continued. However, the process did not provide any firm conclusions on the issue of fees charged by insolvency practitioners and this has led to well publicised concerns over the future of the industry. These concerns have precipitated the continued share price weakness in the sector from which Debtmatters has not been immune. During September we started to see certain creditors seeking to modify IVA proposals such that on Debtmatters' cases, average nominee and supervisory fees would be reduced. The impact of these additional changes on the IVA business could be significant. Should these fee modifications become the norm then we may no longer be able to deliver IVAs profitably. Consequently, for the moment the Board has decided to suspend all direct advertising on TV, radio and through the press. In addition, the IVA division, which has built a significant infrastructure over the last two years since flotation, will be scaled back, with staff being redeployed into other areas of the business as appropriate.
Article on placing: http://www.mineweb.co.za/mineweb/view/mineweb/en/page43?oid=37639&sn=Detail
Taken from interim statement: "Financial results for the first 6 months of 2007 are unimpressive due to worse-than-expected production in the first quarter and deliveries into silver forward contracts at below-market prices," said Vitaly Nesis, CEO of Polymetal, commenting on the results. "We expect profitability to improve in the second half of 2007 as production increases, while 2008 should see both revenues and profits increasing sharply as we start selling silver at market prices".
results out monday, anybody have any opinions? too busy at the moment, might just take a gamble Monday morning.
NRK wasting space! pointless posting anything this weekend.
The waiting game is where the broker only trades a couple of days a month, they pool all the customer trades together which allows the shares to be bought at a discounted charge of £2 instead of the normal £10. Ideal if your buying £100 of shares for the pension.
Thanks for the explanation, makes more sense now, its about time i did some research on the markets. Keep the good work up on PET been watching a long time, finally, dived in last week! GedW appears to have a lot of support but then again he is the mainstay of this website, his opinions are precious! GL!
not holding myself but from experience its usually the mm's looking for cheap shares, will people sell or hold! GL ALL!
Highlights * Profit after tax for the half year of #10.0m (2006 - loss of #6.2m) includes #16.6m profit on sale of the Critical Care Division * Loss after tax from continuing operations of #5.5m (2006 - #6.2m) reflects the continued investment in molecular diagnostics * Cash balances of #20.1m at 30 June 2007 (2006 - #0.8m) * The $45.4m sale of Critical Care Division generates substantial return on investment * Increased Cystic Fibrosis customer base * Launch of XT-8 instrument platform with Warfarin assay expected in first half of 2008 * FDA relabelling of Warfarin presents major opportunity for pharmacogenomics testing
The Company wishes to confirm that it expects to receive clearance from the Irish Stock Exchange today to circulate to investors in the Absolute Return Europe Fund Limited, Absolute European Catalyst Fund Limited, Absolute Octane Fund Limited and Absolute East West Fund Limited circulars setting out the Company's proposals to restructure these funds to create "side pocket" share classes. The circulars were submitted to the Irish Stock Exchange on 25 September 2007. Upon such approval, the circulars will be disseminated to fund investors by the funds' administrator, Fortis Prime Fund Solutions (IOM) Limited, and will be posted to the Company's website at www.abcapman.com/restructuring. The return date for completed circulars is 19 October 2007. As previously announced, consent of investors holding not less than two thirds of each fund's shares is needed to implement the proposals.
Results out! KEY POINTS * Turnover for the period under review was #19,251 (2006: #2,991) * The Company now has 45 granted patents in respect of its ICVT technology * During the period the Company successfully raised #2.16m via placings * The scientific pipeline is progressing well
Sometimes the market makers have crazy bid/offer/mid prices. for example mid 19p bid 20p offer 21p as you can see the mid price is not the true mid price as that would be 20.5p. Have a look at virgin media (VMED) that was cocked up this week! Im not sure of the exact rules regarding these prices but sometimes they do not make sense! I hope this of help.
amadan there is a warning after the recent trades section explaining that they can be occasionally wrong due to the mid price.
Like the wife conspiracy, if only id thought of it! make a great book! anyway if you are right Stevey we should see £4 a share in 12 months. Like I said before Ive stashed em under the bed will wait on this one. As its an odd one I will apply the approach by Davius, day trades when the outlook looks good! GL ALL!
Get that homework completed or its the cane for you in the morning! Oops not aloud to do that anymore! I'll bring the social worker! LOL!
This is a discussion board not the London Stock Exchange BLR RNS site. I'm waiting to buy in again after taking profit on the last rise, discussion on this board provides a means to inform shareholders of situations that may not be aware off! If you are only interested in facts I would stick to the London Stock Exchange. I hope your not holding NRK as that board has totally gone to pot! GL!