Member Info for Libero

http://www.stockopedia.com/content/space-and-people-the-retail-media-expert-82996/ Fair Value is 50p they said. Paul Scott disagrees in the comments at the bottom and I'm inclined to agree with him but, having not read the blog properly yet (just the bullet points) who knows...

http://jjis.weebly.com/blog/dont-want-an-annuity-then-buy Importantly it highlights that 1) the annuity changes won't affect LGEN much becuase it doesnt account for much of the business 2) the closed book FCA investigation shouldn't affect them either.

Yeah but what about current liabilities & non-currect liabilities? If you take into account the cash surely it's only fair and proper to account for the liabilities also?

http://www.stockopedia.com/content/small-cap-value-report-21-may-2014-rm-aph-act-mbh-sea-pmr-83528/

Haha you're not wrong lol Very true. For all we know things have really picked up in H2. Looking at next year's figures £1.4m is totally achievable I'd say considering all parts of the business are growing very nicely and there's clear visibility with much of the revenue... Last thing then: how did you get that EV of 7? Did you deduct the extra £258k interest in associates & £772k property, plant & equipment, and ....something else?

Also I just realised that even with an EV of 7 you must be expecting EBIT to be £1m -£1.4m So our lower EBIT guestimates are essentially the same. But our upper EBIT figures are very different... (providing we're talking about this FY, not the run-rate) Now admittedly I was being very conservative before but even hopeful-but-still-realistic upper EBIT guestimate would be £1.2m tops I'd say. So that'd be ~6 to ~7 EV/EBIT on an EV of 7. My outlook is still not as rosy as yours and I can't quite get it. Help??

Jolly, could you explain how you got an EV of 7? I'm clearly either including too much or not taking off enough ...if that makes sense. re FCF: is it typical for that to be volatile when the company is pushing for more growth, like the Business Support segment is etc etc

I'm in here too, guys, and hoping to top up once this settles.

Familyguy, I agree and for such an illiquid share it doesn't take much for it to drop or rise drastically. Double edge sword and all that. As for jolly - I'm sure he's sitting on cash but I also know he's still buying into what he likes the look of including SYQ. I haven't been buying much lately so as to build up my cash reserves but admittedly could be doing a better job lol

I'm massively down here too and feel like an absolute moron for not selling at 120-130p more than ever now. Think it may be time for me to give up trading lol Blue - No idea. I don't even understand why we're at this bloody price. SYQ is a great company worth WAYYY more than this.

...and out of nowhere too!

Jolly, Thanks for your response. I get what you're saying now. EBIT looks higher than it truly is because XLM own less than 100% of what they're declaring the profit for etc etc In that case I agree with you. This isn't cheap unfortunately...

I’ve been giving REDT another look. As I said before the short term issue is trying to guess how much Linx will contribute to the FY results considering that the H1 results did not include any earnings from Linx. If Linx performed exactly how Arc did we can expect revenue to be in the range of 6.9m – 7.7m, and profit before tax to be between 1.00m – 1.03m. However we know that Linx was supposed to be earnings neutral in its first year yet it is exceeding expectations so I conservatively expect revenue will be 7.0 – 7.8m and profit before tax to be 1.01 – 1.04. Considering that the EV is about 8.3 the EV/EBIT will be 8.0 – 8.4 which very hard to beat at the moment. Cash makes up about 20% of the market cap and currently the yield is almost 2.5%. Then once you consider that revenue will rise by 30-44% and PBT by 15 -19% then a PER of sub 12 looks low also. In summary - REDT is a share that is undervalued, pays a small dividend too, has clear revenue visibility and seems to be growing very nicely so that 2015 looks like it'll be an even better year. Good for a long term hold I think. Out of interest - Jolly what does the CF look like here?

I love your optimism but I think this is inevitably going to hit 2.7p due to the deal

that's how I understood it too. That for a 10 to 1 consolidation our shares should have been valued at 60p based on the price when we were suspended. Instead we're getting 27p. In other words the shares I bought for 6.something pence are now worth 2.7p so I've been forced to sell at 3.28p whilst I still could. The BoD have hung us out to dry here in my opinion. This is not fair at all.

look at the share price!!! :S

nice political reference there haha I'm not in here but trust me you're not the only one! Things will be different by year end I promise :)

yet no rise! Incredible

surprised this hasn't risen further tbh

Jolly, Well based on the historic PBT / EBIT then XLM isn't cheap but - unless I've understood historic PBT incorrectly - surely using this measure for EV/EBIT ratio is harsh because it means that a jump in profits is ignored when it probably would be unfair to do so, right? And what's "the minorities"? (sorry!) Hope you had a lovely weekend by the way. Best, Dan