Member Info for jollyspeculator

below £1 perhaps

Outlook At the present time business has improved and it is expected to remain busy for the foreseeable future. It is very difficult, if not impossible, to forecast long term demand because of the continuing European, and to a lesser extent world, economic problems. Truck demand as reported by the industry is increasing, however there is general market concern that this may be driven by new European emission legislation being introduced at the end of 2013 and there may then be a short term reduction in early 2014. The company is in a good financial state and continues to be able to make timely investment decisions. In conclusion, our thanks go to all our employees who contribute to the continued success of the company and also being understanding of the variable demands from our customers which require a considerable amount of flexibility in hours of work.

The turnover of the group reduced to £122.2 million from last year's record of £126.3 million representing the second highest turnover of the group. Profits of £19.2 million, compared with £23.1 million last year, are considered satisfactory given the economic situation in Europe.

lol/gl

is £2-2.5m with negative net current assets so the cash on hand is more than matched by payables ...given tough trading conditions and limited director buying and perhaps investors overlooking the A shares in their analysis lol, the sp rise looks vulnerable imv ..aaoo/check my calcs/dyor

Whilst the Group has cash balances of £12.15m as at 31 December 2012 the Board expects that further funding will be required for the commencement of volume production and sales. There are a number of funding options being considered which may or may not involve additional equity.

n addition to the Ordinary Shares,the Company has305,000,000 A ordinary shares of £0.01 each (the "A Ordinary Shares") in issue that are not admitted to trading on AIM. The A Ordinary Shares rank in priority to the Ordinary Shares with respect to any distribution of assets of the Company on a winding-up and have no rights to attend and vote at general meetings of shareholders of the Company, but otherwise rank pari passu in all respects with the issued Ordinary Shares, including the right to receive all dividends and other distributions declared, made or paid on the Company's share capital.

was formal rns ...but whatever...money screams

Extract from finals:- Fully funded for future success The Company is now on an exceptionally strong financial footing with £81.6 million of cash and no debt. The balance sheet has been strengthened over the last 12 months through the equity fundraising and the performance of the underlying business continues to be strong. The Company has mitigated the risk of fluctuations in the US dollar by buying US$100 million following the fundraising and consequently the Company is very well positioned for 2013 and beyond as we build a diversified, self-sustaining pharmaceutical company.

could u give me a quick (serious lol) reason(s) for investing here...cheers

worth a punt given upside (potential lol) imv ..gl all/dyor

u cannot be serious lol...withdrawal of possible offer, perhaps lol

"A number of our key customers have renewed their contracts with us during the last year, and the foundations that these contracts provide give us confidence. Our response to changes in the demand for additional special risk services has been well received and we have won a significant market share in this area. With this in mind, we feel the outlook for the Group is strong and we remain excited about our prospects and opportunities."

disregards country risk then?...hmmmm

lol

ah.. ..I've taken a tasty morsel here ...fingers crossed

yet another top up for Jolly

oh yes

logp rising strongly...and R-t-S performing well (it seems)

y?