Member Info for jollyspeculator

rids

sure...existing business seems pretty cheap as long as fcf decently positive imv

the key risk that is now beginning to blight my PoV is their origination and execution/integration of large acquisitions... ...buying small limited blow out risk...buying large in a flurry makes me nervous that hubris about growth will blind them about st debt servicing obligations ..it is completely different running a business on an equity funded basis to one that is heavily leveraged (and an annual interest bill of US$15-20m is equivalent to v high effective leverage)...do they know what they are doing??

rns to clarify criteria for acquisition imv...ebitda is not what covers debt service....fcf is what is needed...if acquisitions are not fcf positive, then the drain on gbo from 10% on US$150m+ junk bond might dwarf current fcf

quite shocking...if that rns was meant to reassure lol

they need to clarify their criteria for acquisition ...if they are leveraging up so much, EBITDA accretive is not nearly sufficient to give equity comfort that they can control the debt servicing ...who are their financial advisers? they need to get this 101 sorted

oh dear...why do they persist in their use of this metric??? ....will the coupon on the debt used in any acquisition be serviced from additional fcf? ...if not, the acquisitions risk becoming a cash drain

about CAP...but sell was fun while (s)he posted here

for bears to raid? ...the volume is perhaps a little high for them to be confident enough that they can take out sufficient stops/cfds??

agree with sentiment...that sell down is v likely contributing

as the if not predictable then fairly likely retest of 38-39 hits ...it is deja vu all over again

Amazed if Sell turns up here with apology lol.. ...I reckon much is to do with inexperience and a mindset that lacks nuance...just sees what it wants to see (and blocks out all the contrary evidence)

Update on the Review of Strategic Options Clean Air Power (AIM: CAP), the global leader in the development and delivery of compression-ignited natural gas systems and software for heavy duty vehicles, today provides a further update on the review of the Group's strategic options announced on 23rd June 2015 and following its previous update on 15th July 2015. KPMG has run an exhaustive process and the Board, as advised by KPMG, remains in discussion with a number of parties that may or may not lead to an offer for all or part of the Group. However, in the event of an offer, and partly due to the short term financial constraints that the Group is operating under, the Board can provide no assurance that significant value will be returned to shareholders. Furthermore, as the Group's holding company is based in Bermuda, the Board is also considering the options available under Bermudan and local jurisdictions to execute any transaction within the timeframe set by the Group's financial position.

..the 12k were bought in 3 tranches for c21p (and had made a few £100 profit previously) ...so c21p this time round...c18p if you prefer to remember the good times ...£2-3k is mid ranking holding for me (logarithmically speaking: my expansive pf ranges from holdings of £100 to £30-50k with a fat tail of silly holdings sub £100 were I lost and stop lost most and have kept a stub to memento mori so to speak...always be minful of my many failures and of the certainty of many more in store lol)

calm down...just fun...unless you want to play/trade, it doesn't really matter ...or unless this presages some bad news

imv ...I am greedily waiting for mid 30s, but this is cheap..v cheap...unless the wheels come off the gbo charabanc ,,,dyor, all

crackin' sp performance

esp RWA:- Robert Walters is enjoying an acceleration in net fee income because 70pc of the business is exposed to the permanent jobs sector, which earns more money per person placed than the temporary recruitment sector. "John Mullane, an analyst at broker Investec (LSE: INVP.L - news) , upgraded his forecast for full year profits by 5pc to £22.3m, giving 17.5p in earnings per share, from revenue of £244m. The shares are now trading on 24 times forecast 2014 earnings, falling to 21 times next year. The shares have jumped 43pc so far this year and we retain our recommendation. Hold." (courtesy Questor..Telegraph) 24* compared to EMR's 11-12* and emr's growth forecast is pretty handy

yep...about that...though it is not such a helpful measure with minority interests ...it is the comparators that makes this compelling imv (or in other words, this is a good growing market space in which sustainable growth in EBIT is likely) ...and with decent, experienced, aligned management, hopefully execution will be good

the multiples are sooo low...and esp rel to comparators ..intrigued what triggered yr sell