Member Info for jollyspeculator

so

oh dear...and sell @9.75 ...must be large offload ...and where is the bod buying??

but effective ask dropping...big sell being filled?

the Board are hopeful that the speed of our recovery from the reduction in revenue following the loss of a major contract, which we announced in August 2014, will be rather faster than the recent falls in the share price seem to imply. ...that's is Simon's PoV at least ,,,not many hard figures to support his claim

large sell being filled?

cos the gold standard is suffocating

are numerous and endemic..both privately owned and esp USM/AIM (where the management is almost always unaccountable) ...management is usually poor (or at least patchy) and in it for themselves and not for the benefit of shareholders ...even the best investors will get it wrong at least 35-40% of the time ...the gap between the upbeat narrative (entrepreneurial vision) and shoddyv execution is huge and value destroying ...my friend has invested and managed so many opportunities that his relaxed wisdom is reassuring

perhaps the World changed in the 20th C as macro economics / government dominance of the handling of the political economy came of age...and esp in 1971 when the US abandoned gold ...the 1970s seemed to indicate that the experiment of pure fiat currencies was not going well...interest rates were often close to (or actually were at times) negative in real terms...then Volcker rescued the World, and the long disinflation with high real interest rates smashed gold v hard in real terms during the 1980s and 1990s (with a few relief rallies) ...I reckon this test (where unconventional macro policy/free money has been dreamed up on the hoof to cure an appalling banking crisis) is even more of a test for fiat currencies than the inflationary 70s...if gold cannot prosper now (and it is not even with v low - arguably negative -real interest rates), then what is the point of gold?

the free cashflow here makes me v wary...(pls check/dyor all...just imv) ...interesting to see how EIT gets through next few months...they say they have the cash, but do they have the ebitda to support capex (spend on intangibles in particular)?? ...EBITDA is an investor's false friend lol

on?

only had brief chat with him, and he was too busy to focus (didn't really do so for redt) ...gbo looks horribly weak, and the 2014 Gardner report (available on mobiliron website) shows how competitive the US market is and how much effort/luck gbo has to make/have to succeed there) ...I have not bought more into strength on rgs...will flip out half c250 (if we bounce there) ...and then see whether next results are more convincing

yep..the profits warning was caused by the bigger of the 2 distributors (I cannot make sense of the numbers otherwise) so perhaps this trauma will act as a wake up.. ...anyway, let's see how they shape up over the next 6-8 months (interims next week thru to finals early summer 2015)...pretty critical period of reflection/readjustment

quoted on nasdaq...US$4bn + mcap

but I need visibility on breakeven

For the security segment the two key distributors each account for more than 10% of group revenue; one distributor accounts for 23.4% (2013: 20.0%) and the other accounts for 10.4% (2013:12.9%).

so 9p...8p...perhaps even 5-6p before bottoms???...until we get some decent visibility on profitability, this looks rough ...Rhaegar, I discussed it with my mate the wonder investor lol...and his focus was on the sales channel, and concern about lack of direct customer relations (see the profit warning rns) ...in the face of (potential) stiff, deep pocketed competition, not having good strong relationships with customers is appalling...so (on reflection) I have to concede I have called this wrong (again) ...now need visibility on the robustness of the business model before doubling up

fascinating experiment...atm the fiat currencies are triumphant...inflationary pressures nowhere to be seen ...reckon gold could test the US$800-1000 area soon (and fall much further than that over the next 10 years) ...unusually, it doesn't matter if plenty of existing gold mining ops close down and exploration/development craters...it is not about bring gold to the surface ..as a useless metal with plenty in vaults etc, it is not about flows but stocks (and sentiment)

trades on an EV/rev over 10...makes comp here ridiculously cheap...except for need for on going funding (perhaps) ...and that exception is v important if there needs to be a large discounted placing

should be quoted on nasdaq

.The Board of Surgical Innovations announces that on 5 November 2014, Mike Thornton served notice of his intention to resign as Chief Financial Officer of the Company. Mr Thornton will continue to carry out his existing duties during his nine month notice period, which can be terminated earlier by mutual agreement.