The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Tried for ages to buy surprised they didn't move the bid up. Seems like pretty good news to me will keep this on watch and hopefully volumes will allow an entry. Quiet board
Yep nothing new to discuss until annual results
Great Contract Romag Holdings Plc ('Romag' or 'the Group') is pleased to announce that the Group has been awarded a contract by Community Energy Solutions (CES) to provide solar photovoltaic (PV) modules and roof mount kits. The contract, which is worth up to £10.2m in revenue to the Group in the coming financial year (ending 30 September 2011), was awarded to Romag after they beat 12 other bidders in a European Tendering Process. Last year total revenue was GBP19.7M Surprised hasn't moved on news This contract is half their yearly turnover on one contract. Tighly held 75% shares held bylarge shareholders
That and if they managed to sign up more contracts with existing customers. The RMB43m contract was positive as turnover for the first six months was only RMB48m but they still were able to turn a modest profit despite the downturn in revenue. am hoping that these cost cutting measures are kept in place and with contracts coming through could see a greater relative increase in profitability. The contract is bankable within 12 months as its a 12 month contract but not sue how much impact it will have in 2009 aas it was signed in september. That said the downside is if they did not pick up other contracts in H" of 2009 then they coulds till report a modest profit or even a loss. this is where you throw the dice.
They were marginally profitable as at june 2009 (ahead of the full year to Dec 2008) If they maintain profitability levels in second half would expect at least RMB2.08m Sorry to jump in I know your question was for riddler
Will do Think the results will give us an indication of future prospects. Not too worried about short term Glad to have a msmall position in here
Thanks mate Am happy to wait it out on this one
ridiculous spread. not tmepted to top up or sell
Mate not sure myself. If it was a buy great news if it was a sell sp hled up reasonably well considering.
Shows as a buy on here but if you're right and its a sell ouch
100000 at 10.5 at 1.12pm today cant tell if it was a buy or sell as i was getting below 10p to sell round that time but cant be sure.
Yeh looks like I might get locked in here at least until the annual results. Just slipped past my entry price
I'm waiting for 20p plus per share - whether I'll get that in the next week or couple months dont know. The company keeps tight control of costs so in my thinking once the contracts start rolling in return to significant profitability is very possible. They have noted that times have been tough but they seem to be diversifying/improving their products to create a niche - now thats pro-active in my opinion - not sitting back on their reputation and looking for avenues of improvement. Company run mainly by local Chinese so no issue with "foreigners" trying to win local contracts - and they seem well respected (well at least so they say). No selldown by any directors in four years since listing that tells you something as there aree not many closed periods for these guys so ample opportunity to sell. u'nfortuantely it might turn into a medium term investment if profitiability to dec 09 is not great however the thing I'll be looking at is the progress they are making with the sulphuric acid MgO projects. If they had a poor second half and they end up with a loss then again will depend on their outlook for 2010 as to whethe the SP could tank back to 3p. at 3p this would become a LONG LONG term investment for me if i was unable to get out above 7p
Yeh still here - only put a grand in so happy to hold. Not much action again - it may drift down as the mms try to grab a few shares but good to see the buy go through. Been in pyc when it got ramped so am more cautious with the rich quick shares but like to take a punt. They were ahead of 2008 profit figure at the halfway mark last year so am expecting results to be better then the previous year with the added bonus of the large contract in september. they dont seem to issue updates on contracts particualrly if the contract is from an exisiting client. Work out what you are preapred to lose versuses how much upside you think there is. Any profitability above RMB10m and good contracts in palce for 2010 would be a good result. I emailed the company about when accounts expected or trading update but have had no response - although not surprised. hoep no-one has lost a bag on this one
Good to see a buy go through 20500 at 14.5p
Still holding come on TNCI
Im with SD77 they mms coulda crucified this but didn't even at 14.18p bid people are holding strong This could be a "duster" if results are mediocre
Not many sells at current bid of 14.18p tick up soon hopefully.
thanks for the info. I can see how a top up could be appealing as the price has held up very well. Just need a little buying pressure and with so few shares available they will have to move the bid up. yes watching this ppc and NPE closely
Haven't had any experience myself with a no news R?NS that I can think of. Seems to have stabilised at 14-16p Hope I don't regret holding. About 530K traded so far todaynot far off yesterdays 647K traded. Might have to topslice here