Member Info for JohnLewis79

Have not analysed the b v s ratio but at a glance it's clear that buys are much more than sells these last few weeks. On that basis one would expect the sp to rise but as we know this is often not the case and can cause a stock price to fall! Trust me i have seen this happen. It will be interesting to see the reaction to the F/Y results out in 11 days time. Will they give the sp an overdue boost or priced in already? I have decided to keep my funds in place for the moment as Zam may follow the lead of my others and do little but track sideways.

Net cash equivalent to 18p leaving ebita of c £25m for 54p or 9x non cash earnings. Niiiiiice.

Trading update reads ok...in line with etc...states vat decision expected shortly. Cash near £40m with vat monies.

The Dow recovers from an early 800 pts fall on the Dow futures to trade 148 UP such is the caprciousness of markets. The ftse led the Dow recovery closing 69 to the good. I think most investors were stunned by Trumps victory & expected the markets to exact a painful reminder to the electorate of how silly they had been in electing a rank amateur to be leader of the free world Lo & behold Western bourses view Trump as a breath of fresh air and after a measured acceptance speech which caught the right mood, he has been granted his 100 days of grace. He has promised much and with both houses under Republican control executive orders & bills will be easier to enact. HC might have offered a steady as she goes administration but Trump offers a whole new ball game or perhaps a new new deal! Like Brexit the American electorate will expect change and fast, lower taxes, more jobs, tighter security,improved relations with Russia and a stronger Defence force. I wish him well, perhaps he will drop the obnoxious reality TV star persona and act in a more statesman like manner. He will need to.

More big sells go in (c1m) at 70.50. Tied to the disappointing Pools news I suspect as opposed to any vat rumour.

Zam kwa 9.75 to US $.

A big jump in share vols mostly on the buy side. Perhaps sparked by the NED buying £200k worth......OR......maybe somebody has leaked vat news? Just speccing on my part u understand. Whatever a near 10 rise since last Wed is welcome atm.

Morning rev...agree on the spherical bog that has become a lonnnnnnng hold now. I still believe but prospects here are much more appealing. Seriously considering trimming to add here. I shouldn't consider just get on with it. My only worry is why are we in bargain basement store given the fundamentals? Is it the market being it's contrary self or something else? Whatever risk is attached to everything these days and stock picking has become numero uno and i feel I could recoup losses elsewhere if i put more in Zam. But jumping in and out of companies rarely works for me hence the hesitation and taking a loss on S does not appeal! Decisions decisions!

Hi rev...Yea i know that but 'materially' that's a lot of leeway. What do you reckon?

Non exec Director buys 300.000 @ 67p (£201k).

Directors awarding themselves c 1m nil cost options on Sphere stock. Penrose filling his overflowing saddlebags with 600k+!! Jeez nice work if you can get it! While the sp has done little this year (+10) shareholders see zero value if you go back 5 years while the board enrich themselves for what? Outrageous!

A reminder... Mrkt cap £51m. Pre tax profit c £20m...let's say worst way £16m. Debt small and manageable. I'm not going to trawl through 3000 companies on the lse but anybody know of another co whose profits are 50% of the co value? Some dog eh!!!?

I'm guessing that those two 300k sells (67) was HG reducing? No doubt an rns on Mon/Tues will confirm. They sold a chunk pre pools failure to conclude.... wonder if they know/suspect of the vat decision? I can't see how they would but being a very sceptical investor.....!! ( you fill in the blanks).

Yesterday's court ruling allowing MP's to vote on Brexit is seen by many as an abuse of legal process and should have been dismissed by the High Court. It now seems that Parliament will have the opportunity to prevent invoking Article 50 leaving many to wonder if democracy means democracy. Will we suffer the same fate, for if Parliament can overrule the will of the people what chance our case?

We are creeping back up and we still have the vat monies in our bank! As the pools sale turned out a no show (ankewrs!) the SC decision now takes on even more importance for our future. While a £100m from the Pools would have been a saviour should the vat go agin us.... we will be back in the low 50's in a jiffy should events favour the useless HMRC. Will it happen? I have bet heavily against it. But the pools fracas has certainly lowered the odds mostly by punters superstition..the going is against us etc...( illogical i know) so I'm very twitchy atm... believing in good momentum giving my bets a head start!

I know you cannot compare co sp's in different sectors but I'm in a stock with broadly similar shares issued and a similar ebita of £17m, yet is valued at 3 x Zam. Now some of that can be down to being debt free and throwing off free cash but a £100m+ disparity? Just goes to show if you look hard enough one can find little gems among the c 4000 quoted lse stocks. Zam is one.

C'mon Penrose you can't have it both ways! In a reported interview with the LECHO he said... "We are confident of the pools future, it's business as usual " Hmmm? I know he has to put out a positive viewpoint to the markets but which would he rather have, £100m in the kitty or soldier on with the pools? I know and so do most shareholders!

Is it not about time Zam got in line with most UK quoted companies and start to report figs at Jan-Dec. Year ending Sept seems strange unless it's a Lusaka stock exchange ruling and I cannot see that. Too late to give us 15 months figs now, still they should consider a change imo.

Couple of reasons for the no sale, well two and a half...a) market conditions, i don't buy that, b) BC could not raise the cash and c) they tried to get Spo to sell out at £90m. Do i take it that BC would have bought at £90m? If so it cannot have been mrkt conditions and other IPO's being pulled...can it! Jeez they were being offered £17m pre tax for £100m at less than 6x! What more do they want? No.... Penrose whose tenure is now in the hands of Hemmings did the right thing. It just makes Spo a lot more attractive to the right bidder who will most likely come from the States. One avenue is for the two big private betting cos to have a look and consider reversing into Spo to get a quote. It's a long shot but who knows?

Well, certainly not us! Cont Gaming were nothing but chancers whom Penrose should have told them to get lost from the off! Netplay could not come up with the money. BC despite having pools expierenced management couldn't put it together. Either raising the cash was proving costly or a luke warm reception for the Pools IPO from iis? No doubt the real reason will leak in the coming days.