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cloggers, I didn't realise you were invested here too! what did shares mag say?

Exactly how I read it. Seems as though the market didn't read the RNS carefully enough imho.

Wow you're really bullish. Short term target for me is 100 - 110 (I've adjusted this upwards somewhat)

forward EV = 4279 / forward PBT (assuming same growth) = 8 forward PER (using diluted EPS) = 2288 / 252 = 9 Very high yield of almost 8% too Share price barely moved year on year despite a large 34% rise in EPS and 40% rise in PBT. Surprising! Looks like a real opportunity this...

- P/E of ~14 isn't cheap - EV/EBIT of 10 - 10.5 isn't particularly cheap - EPS growth of 25% is good and makes the P/E look better - Dividend of 4.5% is great - Balance sheet is superb so dividend is well covered - Investor's Chronicle ST picked this for 2014 at about 33p - The level of director buys is very encouraging! Summary: This looks a little cheap in my eyes but nothing to get excited about (even factoring in the high yield) BUT, considering ST is such a fan and considering all the director buys, I reckon REC may be worth investing in on the basis something good must be round the corner.

£55k + £10.5k + £2.3k + £2.3k= over £70k worth of director buying. And that's just today. 18th June - £13.85k bought 20th June - almost £26k + the same + the same again + £4.9k = £82.8k bought 23rd June - £70k bought Total over last 5 days: around £166,000 worth of director buys! That's huge. Something is definitely afoot. Perhaps stellar 2014 Q1 figures (out in 3 weeks) or perhaps it's a major contract etc. Either way I'm getting excited by this!

Great news that Faraday have tipped AEO! :D I totally appreciate why people can't post the Faraday coverage but could anyone at least give us the target price they gave us?

http://www.fundweb.co.uk/news-and-analysis/uk/extra-isa-allowance-five-uk-stocks-for-investors-across-the-risk-spectrum/5/2011576.article

is disappointed by the news today and now considers ANP to be too expensive for him to buy into. http://www.stockopedia.com/content/small-cap-value-report-24-jun-2014-shoe-ung-thw-anp-84242/

gave SYQ a brief but very positive mention in this week's edition. Just thought I'd share that info lol :)

I had a cheeky and rushed flick through the shares mag this week to see what they said about REDT before catching my train home last night and … They said that, due to some legal costs plus some other cost, the actual amount of profit Linx made was £54,000 and therefore REDT sold Linx not for a little over 2 x profit but close to 7 x profit. However I have an issue with this because, even if they’re right about those costs, wouldn’t a good proportion of them be exceptional / perhaps quite unique due to this being the first year Linx was launched? Irritatingly I don’t know how to verify what Shares mag said because the report included something along the lines of “investors were not to know about the real profit figure for Linx because it wasn’t in the FY report” without ever explaining where they got their info from! Additionally I took issue with the report because it was very much “Private investors have misunderstood” in a way which implies private investors should have known better etc, when really the blame for any misunderstanding has to be attributed to the company? Apologies for not providing a more detailed account of what I read but I was rushing.

http://www.fundweb.co.uk/news-and-analysis/uk/extra-isa-allowance-five-uk-stocks-for-investors-across-the-risk-spectrum/6/2011576.article

I know you've been touting this as a buy in the 4-5p range and now look at it. Bravo mate!

KC, thanks for the reply. Very interesting about Ericsson. Clearly mira is key player in its field. That's a superb business model really because, once a client uses mira's technology and wants an upgrade, then surely mira are in a very strong position to charge quite a large fee for it right? I guess the problem with the business model is that it requires a lot of upfront cost for mira's clients. Mira's clients have to really trust in the technology before parting cash. However, due to where mira are at this point in time, it's clear the company is past the hardest bit (getting the first few contracts) and things should therefore accelerate as it becomes easier and easier to secure new contracts in this field. Additionally I love the sound of mira receiving part of the subscription fee. This is good for mira's clients because it provides an incentive for mira to provide a good product (to help bring in subscribers) and then of course it's great for mira also - it means they can perhaps charge less upfront in the knowledge more is to come. In the current financial year in particular and in 2016 when the Olympics will be hosted in Rio this should really boost the rate of new subscribers. All in all this sounds like a very very good business model. I obviously need to do more research because I still don't fully understand what mira do tbh, or whether there's competition etc but at the moment I'm feeling very bullish here!

Good points: 1) The major contract win is transformational. The share price is roughly 50% up on when it was first mentioned yet that is a very muted reaction all things considering. Revenue will be substantially higher and, more importantly, (and if the 99% gross profit figure is correct) then MIRA will not only return to profit but profit will be around £1.8 to £2.5m I reckon. The P/E ratio would then be in single digits, and the EV/EBIT would also be very very cheap (6.5 to 9). This would suggest fair value to be c30p. Vivendi-owned GVT clearly like mira's product/services and that's very very encouraging. 2) Additionally it would be a superb reference point in securing future contracts of a similar size. This could be just the beginning of a transformational period in the company's history. 3) The company is benefitting from the Brazilian World Cup as the rate of growth in subscribers has accelerated. 4) No brokers cover mira but Shareprophets do, and they do have influence. Bad points: 1) mira operates in South America and, for some reason, the market seems to hate foreign companies listed on AIM. This is a major negative unfortunately. 2) There's been a bit of director / ii selling lately. Not necessarily a bad thing in itself but it's perceived to be the case by the market. Initial conclusion: At the moment you can buy into a fast growth company at a cheap price - a very rare and exciting opportunity. Clearly the market is unaware or sceptical towards mira's turnaround story but the proof is in the pudding, the numbers will reveal all over the course of time. So, despite the negatives, this is still looking very very good on balance. More research to come...

Shareprophets article said that the gross margin for licence fees is 99% - can anyone verify that? See more at: http://www.shareprophets.advfn.com/views/4532/mirada-buy-at-1625p-target-30p-85-upside#sthash.wJSmLDd0.dpuf

KaChing, Thanks for that reply...from before the transformational contract win I see! What were you saying about Ericsson? Have you got any links?

Thanks, KaChing. Totally agree that MFX is looking v good. Not sure it looks as good as MIRA though and, seeing as I'm not in there yet, I'm currently leaning towards an investment there soon for a value play. Having said that at least MFX is British and thus doesn't carry any of the risk that comes with buying into foreign companies on AIM. Decisions decisions...

I don't understand how this is affordable for this company. Shurely shome mishtake?

becaue KENZ looked good previously at 700-750p and I was just coming on here to do some more research ...and it looks like I'm too late! Ah well bravo to all holders - you must all be delighted! :)