Member Info for lemmink

Yep early days research-wise for me but its looking like "cheap for a reason" rather than a pure bargain... GL

from the last balance sheet there is about $30m of debt after deducting $1.7m of cash ... using £1 = $1.6 and circa 36 miliion shares gives circa 50p.

On 5 minutes skim reading, the last full set of accounts seem to suggest that the groups other companies dont do much ?? ... lost temper and given up!

15/02/13 !!!

Annoying and confusing, but I think it says the Indian subsidiary is expected to contribute between 4.7p & 5.3p per share towards group profits for the FYE 31 March2013.

As at 30/09/12 is circa 50p IMO.

Ref your post on friday at 22:36 ... Where did you get ... "Revenues rose to $25.91m, up from $28.64m the previous year" ... from ???!

Radmat increases stake and now holds over 8%

What are the fundamentals like in your opinion ... I'm being lazy (small stake = don't care much) ... But as I see it this company is reporting comprehensive income losses relentlessly ... its also claiming to pay down debt, while the balance sheet (on casual inspection) shows debt rising ... all a bit puzzling IMO ... have you got a clear take on this share?

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CAD&ArticleCode=dcfxazgy&ArticleHeadline=CADOGAN_PETROLEUM_PLC__Holdings_in_Company * Damille buy approx 5% of CAD at circa 10p a share

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11356508 * Recent(ish) Interim management statement from new investor (6%+) ... Damille Investments II Ltd *** Just looking from the sidelines ... GLA

Marked it up and failed to shift it,

Ref my post 23/10/12 noting a delayed trade for 1.48 million shares at 11.75p ... As far as I'm aware (from watching this a lot) the trade never got cancelled and there has been no volume on that level since, and there was no holdings RNS to explain it... My guess is the market maker took that position, market it up and failed to shift it, I imagine they could be willing to sell quite a few at 14.5p or a bit lower? ... just a guess.

Bought £2k worth ealier today at just under 26p inc commission... As a fresh pair of eyes the last half year accounts looked awful ... but the second half has been better twice before, hoping that will still be the case this time? followed KNIGELK, just a punt GLA.

I think NTBR only gives trading updates if something unexpected happens ... the last two I remember were a profit warning and a statement that things would be ok tagged onto the RNS saying G forrest had resigned; since then I don't think theyve bothered. * DQE looks interesting ... difficult to guess what 2nd half profits may be so I guess at 24p its trading on a PE somewhere between 1 & 5 ?? ! ... might chuck £1k or £2k at it tomorrow. thanks & GL.

Well done + Glad to hear theres some potential demand out there ... I held through the rise, but could scrape together a bit for a few more, if it gets tempting enough!

To buy [10k=14.5p] * To sell [10k=13.0p] ... sub 13p to buy on its way?

Sourced from HYA ending 30/09/11 & 30/09/12. * The income statements produced for five consecutive half yearly periods show... * FINANCE EXPENSES falling from £263k via 255, 233, 219 to £202k. * UNDERLYING PBT (adjusted for non recurring items imo) moving from £697k via 254, 715, 497 and back to £698k. * *** INTERPRETATION *** By applying 30% tax and 18.42 million shares in existence to the above PBT figures, shows... * UNDERLYING HALF YEAR EPS movements are from 2.65p via 0.97, 2.72, 1.89 and back to 2.65p recently ... This gives four ROLLING ANNUALISED UNDERLYING EPS results as follows ... 3.61p, 3.68p, 4.61p & 4.54p recently. * *** COMMENT *** If the TREASURY STOCK were cancelled the effect would be anti-dilutive on the above EPS figures.

Sourced from HYA ending 30/09/11 & 30/09/12. * Over two years, the balance sheets produced at half yearly intervals show... * GROSS DEBT (Overdafts, loans & borrowings) falling from £9.6 million via 9.1, 8.6, 7.6 to £7.3 million. * NET DEBT (deducting cash & deferred consideration balances) falling from £9.4 million via 8.8, 8.1, 7.2 to £6.8 million. * RESIDUAL WORKING CAPITAL ASSETS (Other current assets less other current liabilities) falling from £2.5 million via 1.6, 2.1, 1.5 to £1.4 million. * In the first year of the 2 year period there were disposal proceeds of £796K and zero in the second year. * *** SUMMARY *** Over the past 2 years net debt has been reduced by 14p a share to 37p ... 6p of the reduction was achieved by transferring debt to other forms of working capital (taxman, suppliers, reduced inventory etc) ... 4p of the reduction was attributable to disposal proceeds in year one ... and of the remaining 4p, nearly 3p was achieved by business operations in the year to 30/09/12 (IMO).

To sell 200k=14.52p