Member Info for jollyspeculator

working capital? receivables? cashflow conversion? ...difficult to credit market reaction, but perhaps sub 3p beckons ?

profits warning...and scrabbling for cash with sale of good asset??

so "had to" accept poorer reverse flip @85p ...with run rate EBIT perhaps £3-3.5m/year (accounting for PEEL @ c £0.5m), an EV/MKT CAP over £20m would seem more sensible imv ..tp £1.20

encouraging

yep...seems v decent play ...and may just carry on buying, but would like to see some sp mojo first

now hold 40k punt... ...plenty of upside if hit profitability targets imv

but the Bear can dropsy during hibernation

my est of current year (to sept 17) adj pe is c5-6 (eps c20p; cash adj sp of 110-120 ie c20p/share of cash).. ...so somewhere hereabouts?

with the bear

would be mighty tempting

would be tempting for reverse flip

to build base...but ev/ebit c4-5 is nuts imv

esp with parity beckoning

build substantial position here... ..perhaps sub 2p will be on offer in the autumn

tempting

country (just look at Tanzania & shg) and management suggest need for serious/severe discount here imv

stark contrast to elsewhere in sector

BREXIT ST.. ...Huge challenges ===> v low rating imv ...tp 35p

and Korean pe$$$ular

has plenty going for it...low rating, import substitution (and export) growth give weak £, decent management...DYOR