Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Sneaky after hours RNS stating that Hargreave Hale Ltd are unloading shares! With no solid sign of revival or confirmation from the company of any intake of major orders, there may be a few thresholds met yet. Don't worry though... some naive pi's will pick up some of the slack. From a late May update; - "Looking ahead, Zytronic said "the first two months of the second half has not seen any discernible improvement over the first half or progress over and above current levels." If there is no clear evidence of sales growth soon.... expect further sharp drops!
"Wayne Bos: the former Telstra executive considered a guru of the internet economy and in particular, Sausage Software, although has largely disappeared these days. Sold enough before the dot com bust to remain a wealthy man" http://www.maynereport.com/articles/2007/07/17-2225-719.html
"For Sausage Software, this phase probably commenced with the appointment of Wayne Bos as Director in January 1999. Although Outtrim had floated Sausage in 1996 in an attempt to put the company on a firm business footing, corporate Australia had not been impressed by his lack of business experience and Sausage's fortunes had languished, with shares plummeting from a high of $2.75 to a low of 8.5 cents (Cave, 1999, p. 22). Bos, in the space of nine months, migrated the company from a one-product former wonder to a flourishing Web business. He presided over the purchase of six other Web-based companies and boosted projected turnover from $5 million to $35 million" http://www.firstmonday.org/htbin/cgiwrap/bin/ojs/index.php/fm/rt/printerFriendly/839/748
"He served as Chief Executive Officer of Tomorrow Corporation and Dama Equities since 2001. Under his leadership, Sausage grew from a single product company with 35 people and revenues of $5 million, to an eBusiness solutions house with over 1500 people and revenues of more than $150 million." http://investing.businessweek.com/research/stocks/people/person.asp?personId=25985411&ticker=ILX:LN&previousCapId=898945&previousTitle=CHARTERIS%20PLC
are there any good value plays based on fundamentals you are currently watching?
because I usually see you in about the value shares like this one. Worthwhile having a look. Mean while i'm going look into this one. Cheers
have you come across ILX before?
ILX
These are quite undervalued and for good reason due to the previous inept management. Since Wayne Bos assumed interim CEO in August, the company has been restructured considerably. Already cash-flow has improved this half year from the previous full year and with operational costs coming down, will increase margins further. With the added current cash-flow from acquisitions with future addition to earnings and ridding the board of the deadwood it would be hard to disagree that just now may be the bottom in terms of company valuation, with positive results potentially being seen as soon as this year! 2013, now the ship has been steadied with the company restructured including the added consulting subsidiary's, not to mention the mandatory training in Oz opening up a larger market with "guaranteed revenue" should be a year for considerable growth. Looking at the true P/E and asset valuations of the companies current state (for a market value of just under £4 million) with new stewardship in place, growth and earnings potential... the company at present is an absolute steal. Final note, Wayne Bos has a history of leading and growing companies from bargain basement under-performing enterprises to companies that are taken over at premium.
All the bad news and impairments due from 2012 will hit the company hard, that, and sentiment in the macro-economy such as the fiscal cliff will weigh too much on the markets as a whole going into new year. Be careful, others will take profits whilst they can or even cut losses before they go further in the red.
Directors lead by example i.e. from the top down. If they are selling, there will be a good enough reason for it I am sure. I'm curious, what are your findings on the fundamentals of the company? Does anything bold stand out? Cheers
You really do not know what you are doing, do you? Buying on Aug the 10th, with a "Strong buy" recommendation no less.... to then sell within a week because of a little price movement.... ? Sounds like this stocks and shares game may not be for you... very dangerous the stock market is, especially when you do not know what you are doing!
When you did your net cash, you forgot to deduct the 50 million euro pile of current debt.... I understand how you got to your 5.4p figure but it is wrong. When calculating net cash you deduct any current liable debt such as loans outstanding. If you did this you would find net cash would be 22.6 - 49 / number of shares..... arriving at a negative figure! Good luck
"REH is now concentrating solely on wind energy." CETO is not wind
was on the sidelines for a while... done research and found that the fundamentals are good and the board have already done a financing so there will be no further dilution; unless they receive no offers for their IR's. but Its is seeming more likely. That large buy also might have tipped me over the edge giving me that nudge i needed. but again... i'm relaxed about the company itself, offers are just speculation and have been due for sometime... now that 2010 is the year for Pharma's... i reckon HML will come out on top with a few others. GL to all
5p .... double figures... no wait 8p, but next week ROCKET to the moon... BARGAIN!!!! 40p .... £1.... grow up