Member Info for JohnLewis79

Yer usual markdown on nothing vol. £600 knocks £14m off co value. Pathetic!

They say busses come along in threes well they didn't reckon on Spo! CG, Netplay & now BC all failed to make the altar. Conspiratorialists might be reading the tea leaves atm but I'm not the slightest bit worried. I reckon it's their loss. We stand to gain. We must find a bright spark to start scoring goals for us. We have passed sideways and backwards for too long! For chrissakes Penrose if you can't do it....find someone who can.

That's a surprise! BC not able to conclude the purchase of the pools. As to why we know not. Not overly disappointed as this makes Spo as a whole that more attractive to an interested party. I'm afraid WH with their ability to put their foot in it are probably loathe to make an offer. We need a result on the vat if to progress stateside next year.

Morning K. Yea GW knows his onions but as you know as a fund manager he will seek out div paying companies first of all and very very few micro caps pay them! Seems odd to think of Zam as a micro cap, under £50m co value but that's where we are! I thought micro caps were c £25m & under? Whatever would he invest in a non divi paying Zam? For sure US houses have much more appetite for risk than UK ones particularly in the Healthcare sector. We could do with some US investors on board Zam as they are used to palm/cattle/agricultural businesses. This would give us a larger profile. A move from AIM would help no end but I'm not sure what size you have to be for the S.cap sector? As we know it's much harder for overseas management to get the word across to UK investors particularly in volatile, corrupt African economies! Nigeria a classic example. How Zam fares as regards this im not sure perhaps rev can clue us in but I'd guess Zam has had its fair share! Those UT videos put a gloss on all things Zam and I'm not naive enough to swallow everything is 'hunky dory' in the country but compared to neighbouring countries Zam must he a beacon of light. Irwin & co founder are Zam stalwarts they know the business, the opportunities at hand and I'm happy to be invested, tin pot valuation or not!

Yea mrkt cap c £51m. Lots of funds won't touch small cap companies and certainly not those quoted on AIM. Many cannot invest outside of ftse 100 div paying companies. So a broad spread of iis in small quick growing cos is a non starter. As for Zam until we reach a mrkt cap of at least £200m (65p) most iis will be looking elsewhere to invest. Any iis looking to invest under this mrkt cap would have the risk specialists jumping up and down " no no no! Your crazy...don't do it.. you'll do your money....stick it in Voda"

Afternoon rev. Must admit I'd be insentivised if i had 6.25m options at % from 40-65p! Cannot see any reason for the stock not to track upwards from this derisory level even with the lse best efforts to hold back the shares. I know they say you cannot buck the market and all the available knowledge is in the price but sometimes you really have to wonder if a pe of 3x earnings is the right level for a fast growing company. Heh maybe growth companies are valued as basket cases and dogs as the new go- go's on 20-30-50 x earnings? Great opportunity on a short term view (1-3) years imo for any investor who can look beyond the end of their nose.

Good spot Kenny. I watched all the u tube stuff on Zam. Cannot believe this Co is worth only £52m. Shhhhureeeely shome mistake! That value would apply to a start up not one with the huge spread of activities of Zam. Seems crazy to me but under valuing companies is a specialty of the London market.

At the interim stage the Pools recorded ebita of £7M with £15m likely for the full year. B'wood Capital will have no problems raising the finance given the healthy returns and stellar margins on offer. An IPO should be a shoe-in. Expect a raise of c £75m (100m @75) supporting £15m profits (pe c 12 x)(debt £30m) should not be too onerous an option. Let's hope we have this & the vat done and dusted before Xmas! We need to start the New Year with a clean sheet.

Expect news of Pools IPO before year end. Originally slated for end Oct these tend to slip as the shysters check commas and full stops which prolong an already over scrutinised operation that has been trading for nigh on 100 years! Jeez.......can you believe the bloody red tape strangling British businesses. No effn wonder stocks suffer from the dead hand of HR and all the other "give me the money" jobsworths. Hope that answers your question bobbysuper? In a roundabout way!

Though it's out of date it does show the robustness of the business and advances made to date. At the interim stage. Ebita of $15.45m. Nav of 41p so a big margin of safety with the sp lagging nav by c 58%. The F/Y statement due on Friday 25th Nov. Scope for a nice surprise for investors. $40m ebita anyone?

Autumn months extend through to Nov so another month or so minimum to wait.

Gareth 'wanna sarnie' Davis stands down.. yea got the push more like for blundering around like a halfwit. Won't worry him as a director with several lucrative portfolios (£360k a year Chairman of Wolseley) for starters he will have enough to pop down to his local greasy spoon for sausage sarnies. Firing the CEO he appointed was the start of his troubles soon followed with the Amaya debacle and a series of profit warnings. Showing a lack of judgement given the bad smell surrounding poker stars clearly demonstrated he had taken his eye off the ball. No chairman and no CEO clearly puts WH in the up for sale parking lot. My guess a private equity outfit will be running the nos this weekend.

Kenny your a mine of info! Personally am more interested in the progress of our palm oil operation and are we harvesting yet? Having had Malaysian palm oil shares I know how profitable they can be given ideal weather conditions and a good $ price. Should research more on Zam palm i know but pure laziness on my part. So i hope an ex Malaysian planter is running the show.

Let's do 800 sp first Kenny!!

Having turned down the Rank/888 offer which was worth north of 390 a share WH investors will be fuming at the boards incompetence and crass stupidity. Taking an £800m hit to the co value ain't funny and heads should roll!! Will they? Not a chance.....anyone for sausage sarnies?

Have been in the market picking up 337k shares @296 for treasury. Total outstanding now 868.4m.

The malaise effecting my other stocks has spread here!

After 3 failed mergers two of which were 'chancy' 7/8 of the top shareholders "leant on" G.Davis. He remains optimistic commenting " A sausage sandwich cures everything" Well that's okay then! At a little over 300 the sp is close to pricing in fresh regulatory hurdles the first being a crack down on the fobs (limiting the amount of cash taken) and the Govt levy on racing to extend to on-line. My guess until a new CEO is appointed Mr 'sausage sandwich' Davis will be doing more in house than extra curricular.

At current sp the Co is valued at a little over cash (given a result). If I had any spare I'd be drip feeding in at this level. Trouble I find with my investments if Spo was at 120 chances are I'd have plenty of cash to invest and would not...but at 62 am skint and would! Sods law i guess.

Hendersons off load 0.622m shares in Spo. Strange time to be reducing. Might explain the current weakness in the sp.