Member Info for jollyspeculator

Couldn't resist - bought 100 @ 655.6

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tant pis

a painful toe

Forget bounce, think surge - RPT's EV/P2 < US$0.50/boe by my calcs DYOR/not investment advice but JKX & RPT seem handily placed...

resuming imo

on its way??

"A" better choice

Discount with DWHT narrowing!! Lovin' it & jolly Jolly

10 9 8 7 6 5 4 3.... DYOR/not investment advice of course but what's not to like? EV/P2 of less than US$0.50/boe (40-50m/151m which is from their website and my back of the envelope calc) for profitable company on a forecast p/e of 3 (according to Barclays this morning). OK OK plenty of risks: Ukraine (tax, regulation etc), licence term (only a little more than 10 years remaining), tech expertise, local majority owner (two edged sword etc etc) and so on... But better than decent return to risk imo... especially if licence is renewable on ok terms Jolly pleased

Weak outlook has taken shine off DWHT (& a bit less here on DWHA, so discount narrowed) If EBIT of £5.6m is higher than normal, what is normalised EBIT? £5m (a small increase on last year)? or £4.5m (average of past few years) DYOR/not investment advice but EV of £30m for normalised EBIT of £4.5m - £5m (6-7) looks fine for well run diversified company with steady record of profits growth Jolly satisfied ...

Weak outlook has taken shine off DWHT (& a bit less DWHA, so discount narrowed) If EBIT of £5.6m is higher than normal, what is normalised EBIT? £5m (a small increase on last year)? or £4.5m (average of past few years) DYOR/not investment advice but EV of £30m for normalised EBIT of £4.5m - £5m (6-7) looks fine for well run diversified company with steady record of profits growth Jolly satisfied

Outlook Keypad sales were unusually high this year. It is anticipated that these sales will revert to more normal levels in the coming year. Our concerns expressed at the half year have proved well founded as the new year has started slowly. Customer confidence in the UK has deteriorated and uncertainty has crept back in. Transport demand remains weak due to Local Authority and Central Government cutbacks. However we have some potential in new products coming on stream during the year and the potential acquisition of Dual Engraving, announced on 12 November, which may help to offset performance elsewhere. ...

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Outlook Keypad sales were unusually high this year. It is anticipated that these sales will revert to more normal levels in the coming year. Our concerns expressed at the half year have proved well founded as the new year has started slowly. Customer confidence in the UK has deteriorated and uncertainty has crept back in. Transport demand remains weak due to Local Authority and Central Government cutbacks. However we have some potential in new products coming on stream during the year and the potential acquisition of Dual Engraving, announced on 12 November, which may help to offset performance elsewhere.

Chairman's Statement Results I am delighted to be able to report record sales and profits for the Group this year. Sales were up 24% to £51.6 million (2011: £41.5 million), operating profit before goodwill and an exceptional gain from the sale of the property was up 15% to £5.6 million (2011: £4.9 million) and profit before tax was £5.4 million (2011: £4.3 million) up 26%. This would have been a good performance in any year but in the current market conditions I believe it is excellent. The improvement was broadly based, with growth in all three product divisions. Geographically, sales improved in the UK, Europe and the Far East. The only area not really showing improvement was North America which was broadly flat. The lift and keypad markets held up in the second half, but the transport sector was more difficult. For the year as a whole keypad sales and Thames Valley Controls (TVC) were the strongest contributors to growth. TVC sales were bolstered by the new Hall Call Destination Product and good performance on remote monitoring products.

Chairman's Statement Results I am delighted to be able to report record sales and profits for the Group this year. Sales were up 24% to £51.6 million (2011: £41.5 million), operating profit before goodwill and an exceptional gain from the sale of the property was up 15% to £5.6 million (2011: £4.9 million) and profit before tax was £5.4 million (2011: £4.3 million) up 26%. This would have been a good performance in any year but in the current market conditions I believe it is excellent. The improvement was broadly based, with growth in all three product divisions. Geographically, sales improved in the UK, Europe and the Far East. The only area not really showing improvement was North America which was broadly flat. The lift and keypad markets held up in the second half, but the transport sector was more difficult. For the year as a whole keypad sales and Thames Valley Controls (TVC) were the strongest contributors to growth. TVC sales were bolstered by the new Hall Call Destination Product and good performance on remote monitoring products.

There must be a typo, Mulledwine: ZAM's Mkt Cap is only £100m, so EBT of £159m is, how can I put it politely, daft Valuation is relative and with AGTA and LONR struggling, ZAM is just too pricey imo

hope you're strapped in!

low volumes and little interest in selling - Ups1de, Eco, Legs, Noodles, Clogheen, Mulledwine and others...any views?