Member Info for jollyspeculator

referring to the persistent yo yo ing 5-7p here ...I'll be buying back c5.5p (yet again lol)

into CASH I meant to post doh (was a long night last night lol) ...ps the overhang from the previous placing still in play imv (hence the drop in effective ask and advertised bid probably related to largish sell to fill)

lovely blossoming of revs but the working capital may become an acute issue again (and therefore require more capital...another discounted placement??) ...fairly typical problem for fast growing company that converts receivables into revs on a long cycle..imv the working capital is still v tight (at a guess...there is so little details/breakdown to go on...but the indo telco's slow payment of 2014 revs is troubling given the perverse problem of growth in rev and receivables)

of life

Graham

.

better value now? (what a reversal!!) ...but the company's 2H performance was stunning, especially the margin improvement ...well done Mr Dewhurst

amazing results and the tone is so understated ...one of the very best on AIM imv

amid a sea of dross

yr post seems to have triggered a rush to buy ..was that bottom?? ...I have grown so weary/wary of spl I kinda doubt it

for next relief rally ...and then option value in the teens???

nope

cheap growth imv

richly valued

nice 20%...every little helps

10.25p paid

no lol...saudi oil is cheap as chips

bang goes Scottish independence??

yes..I think game has changed over past few years but the market (and I) was Jolly slow to cotton on...if OPEC tried to keep prices up that would only have made over supply worse ...it is simple economics: the price of oil is way above the true marginal cost of the marginal producer, so there is an incentive for all producers to supply more ...while the Saudis could keep OPEC broadly in line the oligopolistic feast for producers endured ..now the party is over and the headache for many producers (esp high cost ones) set in

beware companies that trumpet EBITDA ...earnings (EBIT) are often unreliable given capitalising of intangibles...EBITDA just not worth paying much attention to in valuation imv (even EV/rev better metric or even ev/gross margin lol)