Member Info for KNIGELK

Hopefully for the time being we are at the floor for the share price - some buys going though now. Not sure when the convertible loans can be converted to shares at 10p but I wonder if this is a factor if there is ever an offer made from Boris? gla

Just to confirm that Treacle is now "banned" from LSE. He asked me to post confirmation of this on MTV, RIA, SNAK and CLON and if you check his profile - he has not posted since! Agree no point panic selling (yet).. let the seller(s) clear off and wait for developments. Shares are supposed to be held for more than 24 hours after all. However not tempted to add any more - wonder if Boris might though??

What is the point of attending please? No one from the company will be there and the resolution results (I presume) will not be released via a RNS? Do the HSG then plan to take the minutes and vote statistics to the head office and present them to the CEO? I support what the HSG is doing but cannot see how this is anything more than grand standing?

Well I presume you will be selling your holding soon if you think it's dire here? Personally I accept it's bad but not dire - yet. As I said yesterday debt is actually down by a million due to the recent fund raising but the bank obviously demanded high charges going forward - 6% over LIBOR. I tend to look for the positives in the shares I hold. There will be another exceptional charge of £400k but the resulting savings s/b £600k per year (that's the annual losses cut in half). Then there is the expected gradual recovery which the company is highly geared to benefit from over the next few years. Many Boris will increase his stake to 29.9% via the company issuing more shares? SNAK has time to recovery and/or to look for alternative funding before March 2015. Obviously if the savings do not happen or recovery materialising then a significant dilution will be on the cards in about a years time. However will Boris take the risk and wait OR make a low ball offer in the near future? Still worth hanging on for a while to wait for news imo

Usually an offer is made at a premium to the current share price but I agree talk of 60p is off the mark because the company hasn't yet made enough progress to justify such an offer. As I said, personally would be very happy with any offer around the 30p level - depends on if an offer is made and what Vendia will accept! Interesting Times... Riddler - sorry never manage to get into ENRT yesterday due to personal matters and hopefully not too late as I noticed the share price moved up late on Friday - will read your posts asap and it's appreciated because the shares have potential to hit 1p again on the right news. O/T STG is on my radar again for a short term punt after recent fund raisings... gl

Re Vendia - it depends on whether they are in for the long haul or want out for a decent offer. There's no way they will be getting their £1.30 paid back (not for a number of years min) but maybe an offer north of 30p might be enough? I have no idea what value Vendia and or the BoD will accept or even if Boris wants to buy the company (yet). He might one division of the company or a merger/tie-up. However, if something is cooking in the background, I don't think it will be too long until we hear - probably early next year? gla

I'm not sure what the market was expecting? Depreciation of £800k doesn't help as it pushes EBITDA of £500k into a loss. I see a mixed bag with progress on various fronts. Debt is £4.5m but it was higher last time at £5.6m but the fund raising reduced it by a million. It is pretty static but remember the 2nd half is the strong period. Cash held is higher, costs are lower and the company appears pro-active on a number of fronts. The excessive interest charges and amounts due to be repaid in 2015 are a concern and the company needs to improve turnover to return to profits. I cannot see the share price going below 10p or above 20p for the next 6-12 months however this is presuming no corporate activity from Boris or tie ups. Will continue to hold and the next development will either be director buys or further holding RNSs which could trigger a decent re-rating. Still a recovery share imo gla

Thanks guys and apology accepted. Trv123, I like small cap AIM market shares because you tend to get the best % performers on this index. Many LSE/Advfn members also like the AIM market so it is likely that you will buy or post on some threads were there are other posters who you like or dislike. SNAK has recovery potential and possible corporate action to add some spike so caught my interest - obviously there's no guarantee of business recovery or a takeover but that's the risk you take when investing in an AIM share gla

I have been out visiting my unwell mother if u must know!!

Sorry obviously my humour gene was offline yesterday apologies. Looking to add more next week gla

Probably later today. I was hoping to bank profits here! lol

Well there are clues within the results inc a possible disinvestment and poss £600k savings next year. Also second half is stronger period. Happy to hold for the time being

Good and bad aspects to the results - highly geared to sector recovery. Not sure how the share price will react but daft to sell in case Boris makes his move in the near future. gla

May I make a suggestion? Look at my profile. Then look at Treacle32 profile - if it is still active. Note the different companies we invest in - yes we are both in SNAK - but that's all. Note the different style of posting. I rarely do research based posts. So to sum up ... I AM NOT TREACLE - just as I presume you are not Father Christmas. BTW if results are going to be so poor (yes there may be interest and depreciation and a low pre tax profit/loss) why on earth did you invest here!?!?

Poor? EBITDA of at least £500k! Let's wait and see...

Very late RNS out after hours - not good re accounting irregularities...

Well there were no results today and little volume so perhaps we are all saving up our posting for tomorrow as the company did say the results would be this month! gla

Fair comment but I always feel you should have an exit point and I did 30-40% profit from the 12p area. I got out because there was a period of the share price trading in a tight range. TBH because the share has "only" been increase by 1-2p per day (until now) it wasn't back on my radar but comments on the BBs and the pending results made me decide to get back in today. There's no issue going in and out of favourite shares - been in and out of Craw, Sty and Tly to name 3 several times over the last year. It depends on whether you think the share price will remain static for a period and/or if you see better opportunities elsewhere. Not back in sty yet and looking to take profits elsewhere before Christmas and it's one of the shares I am looking to get back into. I can see 40p here which is my first target before deciding whether to stay longer this time or bank profits. gla

Shame the shares are being delisted and probably this thread wound up... it was just getting interesting again!

Thanks for the heads up and agree looks due for a bounce soon especially if buying continues. Will DYOR tonight and might invest here tomorrow gl