Member Info for jollyspeculator

in theory, potentially interesting negotiating strength, but is there any serious drilling going on?

not so wise

well well DYOR/not investment advice, clearly

I surrender

just lost confidence in management - SDL products seem fine, but execution poor imo

(DYOR and not investment advice, of course) but seems from trading update that this year it is expected to come in just shy of 10; next year perhaps ?9 Well, Eco, we clearly made the wrong call. I have lost nearly £300 (ouch but luckily no more than that). Question is what to do now. I am still pondering..9 looks pretty cheap if SDL is still a growth stock, but I am (even) less confident of management. Certainly will not be loading up at these levels. Probably would sell some into any st bounce. May even sell some anyway...nervous not Jolly

The Board therefore expects SDL to be able to report revenues of approximately £270 million to £272 million and profits before tax and amortization of approximately £36 million to £37 million for the year end 31 December 2012. Mark Lancaster, Chief Executive Officer, commented: "Having stepped back into the role of CEO a month ago, I have, alongside our CFO Matthew Knight, undertaken a review of the business and the revenue and profit forecasts. The financial effect is to reduce our profit by about £3million to £4 million in the current year." He went on to say "Despite the short term shortfalls in the business, I feel more confident in SDL's technology stack and service solutions than I have ever been. I believe we have a unique combination of technology. In 2013 we will make additional investments in sales and marketing to drive long term growth. We expect this additional investment to be between £3million to £4 million in 2013. As we look further forward to 2014 and beyond, we expect to see sustained growth in our technology revenues and improved profit contribution."

I'm dooooomed - could become Rather or Really or [pls don't suggest]? Yes, could be trading range I suppose Any high and I may have to dip in for ol' times' sake - but probably won't (just stay on sidelines and watch)

Hi there - yes, and what's happening with Snorkel? Also, and this is seriously personal, you are not allowed to use my epithet "Jolly xxx". Its TM'ed and all rights reserved etc etc... Jolly peeved (or is it flattered?)

We're a sober bunch on this board and have modest target of 60p. Let's not talk about £1+ People might confuse TRI for a junior oil and gas play! Seriously, I think we are all interested in challenging our investment rationale - so if you have (a) niggling doubt(s) pls share; better to get out before a profit warning than be caught out by complacency atb Jolly

usually, Zoro - averaging up on good news is worth considering, though All im(h)o (obviously each situation unique and DYOR/this is clearly not investment advice) Averaging down seems standard practice among PIs, and I wonder what their aggregate, collective experience has been over the years. If you are at all interested in this stuff, I recommend you read some (or all) of "Reminiscences of a Stock Operator" - a 1923 novel by American author Edwin Lefèvre which is the thinly disguised biography of Jesse Lauriston Livermore. The Wall Street Journal described the book as a "classic", it was ranked #15 on 'Fortune's 75 The Smartest Books We Know', and Alan Greenspan said it is "a font of investing wisdom." (description courtesy Wiki) I really really enjoy reading it again again (at least snippets). It is amazing that nothing fundamental seems to have changed over 150 years (he describes episodes back in the mid/late 19th C)...sure regulations; crachdowns on inside dealing, computer trading, but not human nature..and it is human nature that makes this (?poker) game so fascinating Here endeth the lesson Rev Jolly (a bit previous, I appreciate)

enjoy the rest of your w/e

v relaxing

Rubic: DYOR and not investment advice, of course Well done for putting your ideas so clearly into the letter. I enjoyed reading it. Let's see what the brothers make of it. For what it is worth, my (not particularly considered or informed, I'm afraid) views are - & taking the points in your letter: (i) Agreed - though may have a strange outcome (marginal investors invest in quoted argo shares not TAF!) You and I fine about that I guess if sp up (and we can then exit); to brothers' credit they are not likely to exit so it would just divert marginal money and lessen AuM (ii) Not sure about buybacks (or dividends), I like companies in which I invest to maintain decent liquidity (particularly in these long standing troubled times) (iii) Fund raising at the moment is just appallingly difficult, so I give them a pass (iv) Agreed - interesting (as would "white label" approach) (v) Why not (a decent drink and chat - what's not to like)? Keep up the blog Jolly content

Modest 55k in VOG at roughly current sp (on av after a bit of trading) & dipped toe in here (1.8k @ 30.25p) today - so pretty equal in my estimation Both look decent bet at current sp imo (DYOR/not investment advice of course - and all that standard stuff) Clearly both sp could go down (but that is hardly earth-shattering insight), and I might then be tempted to load up on either, depending on news or lack of it For VOG, my cunning plan is to average up after good news (but plans - as Baldrick finds - often go awry) Enjoy your w/e Jolly relaxed

LSE only bases judgement of buy/sell on mid price (not what the deal actually was)

have you seen any informed views on prospects (?brokers reports)? Have a good w/e

Welcome & fingers crossed At least we are merry crew (small in number; super high in quality with Noodles on board) Jolly happy

nice one, son

no rns; go figure Jolly baffled (& relieved not shorting)