Member Info for jollyspeculator

sweet dreams

...that couldn't happen, surely, Kibu??....not even in downtown Jo'burg ...could it? for any newbie to Jo'burg/SA:- "South Africa A sign in South Africa warning drivers Carjacking is a significant problem in South Africa, where it is called hijacking; there are some roadsigns warning people that certain areas are hotspots. There were 16,000 carjackings in one year (18 times the American rate per capita), and 60 murders a year resulting from these.[citation needed] In the late 1990s and early 2000s (decade), several new, unconventional anti-carjacking systems designed to harm the attacker were developed and marketed in South Africa, where carjacking had become such a serious problem that they faced little resistance from local police and judiciary bodies.[3] Among these was the now defunct Blaster, a small flame thrower that could be mounted to the underside of a vehicle.[4]"

lol...great word/notion

update would be great...suspect we will get little on costs unfortunately

interesting...

kibu has "weak buy" as opinion.... so market is not following kibu's opinion.... ...maybe following the analysis though ...surely management is beginning to feeling the heat?...not before time.. trouble is: nothing much PIs can do about management except sell

I think yr r right..cash op costs/production update plus ceo...fair degree of uncertainty

well,u picked v well imv... ...sp may do any thing of course; & I would luv a revisit £1-1.20 area for more top up.. ...but just look at the prospects here (as u have done): what's not to like?? all opinion only

& remember dgv "The stated net assets of the Group have increased by 4.7% to £51.69 million (2011: £49.36 million) equating to net assets per share of 28.24p (2011: 26.97p). Shareholders will be aware that this figure excludes the future value of Drayton Garden Village (DGV) where Inland has the potential of earning up to 90% of the profits from this development as a result of the development services that Inland provides to Drayton Garden Village Limited (DGVL). The Directors believe that the future profit share from DGV will be worth in excess of 5p per share (net of tax)."

top slice lol

as things stand, the fall in profitability, surge in indebtedness, ongoing capex req and question marks (to be polite) over management make me queasy.. ...perhaps a spin-off or some other corporate event would clear the air/stables??? ....a right issue would not help my stomach lol All opinion only

lots of us JSs about lol... ...yep...tiny foothold here.. ...uncertain outlook... & I don't have good feel for management or markets.. ...but suspect at 4-6p may be bargain...& it may drift there without good rns all opinion only

CHAIRMAN'S INTERIM STATEMENT Revenues for the half year to 31st December 2012 decreased by 9% with a corresponding decrease in operating profit of 13% and profit before tax expense of 11%. Basic earnings per share from continuing operations were down 10%. I stated in the last annual report that, for reasons not readily apparent to us, there was a lull in order intake towards the end of 2011/12 financial year. These final months' orders usually create a substantial backlog giving the following year an initial kick-start. Unfortunately, this was not the case this time around. Our order intake during the first six months of this financial year has not been rising in a continual upward trajectory but I can report that the orders for the last three months prior to writing have resumed the upward trend at our largest company Thorlux Lighting with other subsidiaries above, equivalent to, or below last year's performance. The move to LED light sources continues with some 25% of group products now being LED compared to only 3% this time last year. Our product development of LED products and systems continues apace. Investment in the group continues with the largest project being the moving to completion of a new 2,400 square metre high roof finished goods warehouse for Thorlux sanctioned due to the serious capacity problems during 2011. This new facility will allow more finished goods stock as well as freeing up a deal of existing floor space for increased manufacturing facilities. The company has further, during this period, been absorbing the cost of bolstering sales capabilities in a number of areas and not least, absorbing the costs of our start-up TRT Lighting, as mentioned in my last report, to design, manufacture and supply LED roadway, road tunnel and area lighting for the future. First production at TRT is planned for summer 2013. Your company will pay an increased dividend of 10.0p per share (2011: 4.8p) for the half year to 31st December 2012, an increase of 108%, recognising that the dividend yield has been reducing in recent years. Finally, and being a little on the defensive, may I confirm that although the company has taken a step back, it is the first for some years and our figures still represent an 18% return on sales at operating profit level. Andrew Thorpe Chairman 20 March 2013 F W Thorpe Plc

Key points: Half Year 2012 Half Year 2011 Revenue £27.1m £29.9m 9% decrease Operating profit £4.7m £5.4m 13% decrease Profit before tax expense £5.1m £5.7m 11% decrease Basic earnings per share - continuing operations 33.1p 36.6p 10% decrease Operating profit margins maintained despite reduced revenues Growth in LED product sales TRT Lighting investment continues Interim dividend increased to 10.0p (2011: 4.8p)

Outlook Despite the economic challenges in our major markets throughout 2012, the Group continued to implement a broad range of improvements and initiatives that are expected to generate new and sustainable growth opportunities in the medium to long term. In the short-term, however, it is anticipated that growth in the US and International businesses will not make up for the approaching conclusion, in 2013 and early 2014, of the three major long-term contracts with Thames Water, secured by the UK Wastewater business in 2010 and 2011. Consequently our view is that revenue and profitability in 2013 will be materially lower than 2012 levels. In addition the anticipated timing of revenues on contracts is expected, as in previous periods, to weight results for the year significantly to the second-half. Roger Lockwood Chairman 18 March 2013

all shares r unpredictable...but thal is the proverbial bee's knees imv lol

lol.. ...drift to value imv

..

2day lol

happy