Member Info for Libero

significant potential dilution?! I didn't see that. I clearly need to do some more research there! By the way, talking about potential dilution, did you read el1te's analysis of MFX?

I reckon will be the bottom. This is probably one of the best times to buy right now. With the Interim results due next week this could prove to be a really great time to buy.

tbf the £80m / £8m target was always incredibly ambitious ...and setting not just a financial target but a target date of 2014 was arguably stupid. ...or brave!

Hope all is well :) Sorry for not posting the link to el1te's research / replying to you til now. It's been a busy week! You make a v good point in your last post. It does make me wonder... PS - left you a message on REDT.

sorry jolly I didnt understand any of that haha, would you mind explaining? Also I totally agree with your strong sell recommendation. Even without the profit warning I'm gone cold on this share! PS - check out SAF for me and give me your thoughts :)

testpack, Good post there. I've been looking at Catlin lately and it looks v cheap IMO but it's not usually the share I go for so I'm holding off for now. In response to your points (well spotted by the way): 1) agree 2) CAT losses, by their v nature, should be v infrequent and are of course unpredictable. However, the very fact Catlin have thought through CAT events to what appears to be quite a high degree implies there's decent reinsurance in place here in the event a catastrophic event does occur. Having said that I wouldn't consider it a good thing for Catlin to be increasing their exposure to in the pursuit of income so would consider this a negative still (even taking into account the fact decent reinsurance is probably in place). However, even when taking the above into account, Catlin still looks cheap against the market, against its peers, etc. Just some thoughts of mine. All the best, Dan

TNW is roughly £5.5m (historic) EV/EBIT is a nasty 25 but this probably isn't a good ratio to use for such a company Considering huge growth expected here PE looks undemanding Company also pays a yield, that's a pleasant surprise £34m contract with MoJ over 3 years. Therefore, all things being equal, Revenue will be £43.3m and PBT £2.9m but the company is growing so nicely that a PBT of £3.3m is well and truly achievable. This would give a growth rate in profit of 53%. Paul Scott agrees with 650p target, so there's a decent 24% upside here.

http://www.stockopedia.com/content/guruscreens-upgrades-amp-downgrades-august-26th-85629/

...

of ULVR mentioned here http://www.morningstar.co.uk/uk/news/128286/the-secret-to-profitable-investing-why-moats-matter.aspx

Jolly, You sound like el1te a few months ago. He said the same as you then but, when he looked deeper and weighed up the positives and negatives, he concluded that anything below 20p was a buy. Check out his analysis of MFX and let me know what you think because he has looked into this issue himself. Best regards, Dan

Current P/E ratio looks to be 12.6, EV/EBIT ratio of 10.7, MC at 95% premium to TNW (double check) and roughly 25% premium to NAV Huge growth though and looks like it could make a superb long term hold Further research required

http://www.stockopedia.com/content/stock-of-the-month-a-misunderstood-tech-play-85503/

Facts Revenue rose 10% to £34.2m Gross profit rose 14.5% to £7.8m Profit before tax rose 132% to 1.61m (including 2012/3 exceptional costs) Profit before tax rose 11.8% to 1.61m (after 2012/3 exceptional costs)* EPS rose from 1.0p to 3.9p (including 2012/3 exceptional costs) – 290% increase TNW rose 4% to 13.12m NAV rose from 3.25% to 50.7p Net bank debt of £390k has been eliminated The resulting valuation ratios are as follows: The PE ratio drops from 34 down to just 8.7 The EV/EBIT ratio drops from 14.75 down to just 6.4 This is trading at a 40% discount to its TNW This is trading 33% below its NAV Conclusion Revenue, Gross Profit, PBT, EPS, TNW and NAV all rose. Even when you take into account the exceptional costs of £745k that impacted the 2012/3 figures, literally everything seems to have moved in the right direction – which is incredibly impressive. Due to the fact that many of the ratios were so high before (e.g. PE of 34) I reckon most bargain hunters haven’t yet realised what a cheap stock this is. It is currently under the radar but, with such a low PE ratio etc, it is only a matter of time before it starts to re-rate as the bargain hunters like myself realise the opportunity here. In other words, if I had more money in the bank account at the moment (July / August have been very expensive) I’d be buying into this right now. Strong Buy

http://www.shareprophets.advfn.com/views/7311/dillistone-group-agm-trading-statement-contract-win-still-a-buy Target - 140p

http://www.stockopedia.com/content/aim-prospector-morning-thoughts-egs-85510/

http://www.stockopedia.com/content/small-cap-value-report-20-aug-2014-rbn-egs-hvn-85511/ http://www.telegraph.co.uk/finance/festival-of-business/10806545/How-Elizabeth-Gooch-came-back-to-save-eg-solutions-the-company-she-founded.html #sthash.FBFwVR4e.dpuf Sounds like the perfect turnaround story

following the interims TNW = 836m = ~74% of the MC. i.e. the valuation is nicely backed up by the tangible net worth there. EPS x 167% (as per H1 results) = 75. giving a PE of 11.3 this is great for a business growing so fast PBT x 166% (as per H1 results) = 131m, giving an EV/EBIT ratio of 10.2 which is really decent too All in all I'm impressed

has looked at the figures and pointed out that 1) profits have only fallen 10% when you factor in this and that. 2) the madrox deal occured 5 days prior to the interims and so the earnings-enhancing effect of that hasn't come in yet. The prospective PE ratio is a little over 10 so Paul likes the look of RBN at this price ....but the poor Q2 trading has spooked him out of buying. For that reason RBN remains on his watchlist (and mine) but nothing more. http://www.stockopedia.com/content/small-cap-value-report-20-aug-2014-rbn-egs-hvn-85511/

dividends but lummox, you're right. "Dividends The Board has declared an interim dividend of 6.25 pence per share. This dividend will be paid on 26 September 2014 to shareholders on the register on 22 August 2014. The shares will go ex-dividend on 20 August 2014." So, quick question, if I invest in BRIT today will I receive the interim dividend?