Member Info for jollyspeculator

gl

Jolly tempting

now

The Directors have concluded that the trading risk and financing risks described above represent material uncertainties that may cast significant doubt upon the Group's ability to continue as a going concern and, therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. However, the Directors remain confident that the business can achieve its targets for 2015 and that there is a reasonable expectation that the Group will be able to secure alternative funding. The Directors have, therefore, concluded that it is appropriate to continue to prepare the Group's financial statements on a going concern basis and, therefore, the financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.

"There is a risk to the Group's ability to continue as a going concern if we cannot increase our headroom, but we expect that we will be successful, and this is discussed more fully in Note 2 to the Financial Information."

Inherent uncertainty around US sales growth and the timing of OEM contract cash flows will make 2015 a challenging year and options have been identified to provide the financial headroom required

lol ...Jolly good sense

wishful bull more like lol ...still ...there are worse shares to ramp: gate etc

look at today's rns...why does that justify sp rise?

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sold most @24p

creature...if they bought several 100k I might be a little more impressed ...and several million would convince me that this was worth considering again

text of rns looks difficult to square (see my earlier post) ...I am waiting for clarity on turnaround (or much lower sp after deeply discounted placing if that comes to pass) ...DYOR/no advice intended

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so let's see how confident the latest batch of knife clutchers prove to be ...(all in the best possible taste, Truth)

breakout

cheap as chips on current p/e...esp when adj for cash

lads?

World oil (Other OTC: WOGI - news) prices dropped on Friday with the market under persistent pressure from large supplies of crude and a strong dollar, traders said. US benchmark West Texas Intermediate for delivery in April fell 51 cents to $43.45 a barrel. Brent North Sea crude for May slipped 57 cents to $53.86 a barrel around midday in London. "Market sentiment seems to be dominated by inventories this week, with levels across Europe, Asia and the US building steadily over the past week," said Kash Kamal, senior research analyst at Sucden brokers. Markets are tracking the global supply glut, made worse by the 10th straight weekly increase in US crude inventories. Data from the US Department of Energy on Wednesday showed US crude stocks jumped 9.6 million barrels for the week ending March 13, taking inventories to the highest level in at least the last 80 years. "Traders are still wary of the oversupply situation," said Ric Spooner, market analyst with CMC Markets in Sydney.

possibly/probably ...the text of the rns seemed confused and contradictory to my cynical reading...esp the assurance the ebitda margins would bounce higher...how does that fit with cont stasis in critical us market?? ...and expansion into eurozone for us dollar denominated cost base aint so clever atm lol ...never looked at this before 1 hour ago...still trying to figure this out