Member Info for jollyspeculator

Maybe net net not necessary - a pity really

fingers crossed about IMS - any shock in this downmarket and VLK might test much lower resistance levels

Who dares wins - PAN has been panned long enough; with EV/EBIT as low as 3 (if Russian op included) or 6 ignoring Russian JV, there is plenty of upside here, surely

coming soon? fingers crossed...

rns on its way?

Being one of the lucky medium/long term owners (bought Generics under 20p - punt on steep discount to TNW and hope of turnaround), I am still hopeful of further re-rating. NAV is reported at 69p but is surely higher since rental on part of property seems to yield 10% on whole b/s value (I haven't noticed any recent revaluation of property) and EV/EBIT seems attractive especially if you (1) disaggregate EBIT into consultancy (riskier) and property profitability and (2) factor in tax shield of prior year tax losses. Interested in others' views on CEO departure and new strategic push for "organic business growth opps"

Yes, I'm in for ride and impressed by volumes and no retracing; also live in Wales (so agree daylight rain limited - but poured most nights); and agree that impossible to tell buys and sells at times. Enjoyed two days off trading, lads

Anyone know about competitors? Could HDT be a takeover target? Perhaps even taken private. Thoughts welcome...

like the rain

It has sure been a rollercoaster, but are we not a little underplaying the possible strengths of this little baby (though, I grant you, a baby that has taken a while to find its feet and had a few tumbles along the way)? RPT is now profitable, with net net (say US$ 30-40m now, with cash at around US$30m) ~ around half market cap. Decent reserves, local shareholder, grizzled by experience....DYOR, but upside v downside or potential return v albeit substantial risks may make this a decent toddler...

Welcome to LWB land (dyslexic cricket?). DYOR but I am wary of the multiples here (EV/EBIT in particular); the p/e is not really comparable with peer companies like TRI because LWB has substantial LT debt.. btw I stil hold some of my LWB, but sold most at 60pish

Agree on macro view. I was one of the lucky few who made a mint in tech boom (remember those heady days of late 1990s?). I then felt forced to go very defensive (because not in job!) in 2001. Since then almost all my non property wealth has been in cash, and I have always had good reason to be nervous about macro-climate. Now worried about (like many others), inter alia, hard landing in China, US deficit reduction (perhaps even fiscal cliff), Euroland meltdown, pretty much all developed economy's (substantial) primary fiscal deficits, US and UK current account deficits, Japan's shockingly high debt to GDP....the list is very long...I rationalise continued over-priced equities (at least robust performance of DAX, FTSE and S&P) by (1) pricing off bond bubble, so the GSK and Vods of this market are priced - in part - off inflated bonds (2) the professionals running mega money under long only mandates cannot afford to be out of the market too much/too long..But, even with the say 30% possibility of carnage down the road, I see relative value in the small/micro caps e.g. DWHT at forecast EV/EBIT of perhaps as little as 5 or RGS at 6. Everything goes well (70% chance say): these may well be re-rated up to "norms" - 8-10 multiples. Everything goes tits up (30%), they suffer substantial loss but probably survive. Decent weighted outcome for me. DYOR but long in both!!

Did you buy (cf your earlier post this year)? Nice to see you on a non-techy board. Suspect there may be value here....

Good to connect with like-minded investor, Dave. Isn't SEA's current cash position south of £19m - £7m (tender) - £5m (RtS) - 3Q cash op losses, or £5m or so and therefore limited cushion? Also any value is in SEA management 's control to fund their business plans (sorry to labour point). SEA was one of my single largest holding (50k at peak) - bought when value from offshore wind crystallised and the share price collapsed into 25-27p range. Then tendered all my shares and surprised when all acquired. Bought a few since at around this level. What other oil stocks are you in? I have been playing around with SQZ (in at around 20p; mostly out just over 30p); PCI (in at 4.01p, pleased with that!); AFR (in around 80p, mostly out now) and the Ukrainian plays (RPT and JKX) where I am broadly even (was very up at one stage, but have lost on recent speculation!)

sad if slow death true..revenue decline is bad enough but gross profit margin decline is a shocker. With "hidden "(implicit) leverage from operating leases, it is all very "challenging"

INL, GLEE and all the housebuilders are enjoying their days in the sun...

Agree, Dave, that we should not read too much into one day's action. At root, I think the justification to be in SEA is the core operating business they are trying to build (and the jury is out on that). Not at all sure that SEA is the best place to punt on the value of Barryroe. Typically, Providence as operator is in the preferred position - they largely call the shots/are in control. SEA is twice removed.. We are trusting SEA management to create value in the emerging core business with whatever emerges from "legacy" LOGP. What is SEA's management team's trackrecord? (I am long in both P and L, in case you are wondering!)

So little retracing. Possible explanation: PIs and institutions are looking firmly at on-going growth in attractive, geographically diverse markets, good client relationships, decent management and alignment between shareholders and managers through Hanover's executive role and, of course, next year's key metrics i.e op profits perhaps nearing £10m (anyone seen detailed estimates?) and earnings perhaps close to 20p. Looked this way, there is little motivation to take profits here....

Not a lot of support for upward push...

The phased redemption of £15m prefs is coming...DYOR but perhaps need greater acceleration of profitability?