Member Info for lucentum

another whopping buy at 1635 and 100k purchase from one of the directors gives me plenty of confidence perhaps the labour party are about to be declared bankrupt by andersons accounting - what's good for the goose is good for the gander after railtrack

lets see what accouncements they have before then to stir up interest

nice late buy at 1635 form what I recall there have been a few rather large buys at end of trading recently, someone must be rather confident that Labour is not getting back into office to help out the folks from the TV programme Dole Street, with their utinity bills http://www.dailystar.co.uk/news/latest-news/359230/Stars-of-TV-dole-street-to-sue-over-show

As we will all be aware Turkeys don't vote for xmas, so you can be sure that the management review of avocet will recommend changes that will have already happened may well be critical of previous operations but will say everything is on track and that they expect a leap in productivity, all loans sorted out and finances for near/medium term tickety boo. that will be enough to give these shares a good jump as ai really can see the review saying it;s a deda loss and nothing can be done. anyways i am already in profit today form my 8.07p buy only £90 though!

I dare say Elliott as 28% shareholder was aware and may indeed have suggested that money was used in that way. wondering how they are spending Ecobank money - presumably purely operationally - developing mining to production and reducing the silly costs of extraction above $1000 an ounce last reported at around $1150. I really don't think they will have a problem getting costs down to $800-$900 an ounce; i think they have just be lazy in managing things and this is the kick up the backside they needed some other mining companies have had a similar wake up call. anyways the touch/spread is getting rather greedy at 8.06p - 8.88p methinks the market makers fancy a rise rather than a fall in the share price as they seem to be finding a level above 8p desite two downward spokes to 7.5p ish In the past two days; as soon as Elliott debt deal and current extraction costs are announced these will rise steadily again. I can;t blame people for being jittery though as a debt default sounds terrible but it is with the main shareholders to whom i'm quite sure it was no surprise and was agreed all be it informally

am aware of the recent maturation of a loan the interest which has been paid.I also recall in around June that Avocet reported it would obtaining financing to pay back the loan but that there was strong objections form major shareholders of doing so with release of more shares. What is unclear is what happened between then and now behind closed doors don't believe they simply sat back and let the default happen, i believe there were discussions which are ongoing and included a review of the business and presumably cost cutting exercises to reduce the cost of extraction to well below it's then level of $1150 per ounce. Avocet did announce that they have around $15m cash/working capital but clearly they don't want to empty their bank account if it's not necessary and the ecobank money could possibly be used to pay the loan. either way I believe avocet will get costs of extraction/production down to $950 or lower. the elliott loan did attract a warrant for 4m shares at strike price of 40p executable until may 2016, so i would imagine they might like the opportunity to take up that option. ultimately i really can't see the problem, I appreciate the 28% holder elliott management is close to bidding territory but i can't see management or shareholders agreeing to a takeover at these levels, the default is not unusual in aim's and i'm quite sure Avocet kept Elliott fully consulted. If i was synical i could suggest that Avocet deliberately allowed the default rather than using ecobank money or re-negotiating so as to force the share price down for whatever reason. I genuinely am not worried in the slightest with this share currently - they will sort things out get the cost of extraction down and they have $15m cash in the bank.

Assuming plenty of assets in the ground and looking purely at the cycles in this share over past year they have actually rarely dipped under 10p and are having a bit of a bounce around today with from a bid of 7.87p to an ask of 8.46p. we will know by end of the week if this is the start of a correction to the recent fall and we will see price once again slowly rise up to 16p - 20p, 24p would be nice trebble money!!! still don't know what their current extraction costs per ounce is but i imagine it must be dropping to below $1000 from around $1150 i'm sure they will manage it as others are at $750 - -$950 /ounce - anyone one know?

thanks for info, looks like they went ex-dividend on 18th december and interim of 90p is indeed due on 17th January, interestingly total dividends for last year was only 74p. The interim last year was 15p and is now 90p a sixfold increase interesting that 12 brokers were neutral but 5 were buys - gives me confidence as none were sells. 3.4% interim dividend yield seems good to me;second interim last year was 59p if that too has 6 fold increase it will be 354p bringing the yield to over 16% what is actually happening though is the company is actually returning money £568m to shareholders hence there is no option to issue the dividends as shares. http://www.iii.co.uk/stockmarketwire/81179/berkeley-group-course-return-%C2%A3568m-shareholders

£4.32 dividend / £27 =16% dividend so I should have said £70 a share not £7 I note a late buy at 1635 for £1,432,000 someone likes juicy dividends i will indeed have a peek at Barratts and HILS thanks

just wondering if anyone has a view as to what the June 2013 NAV of 29p should be now

at 2700p they are just a tad behind the game and with a generous 90p dividend due in April, I can see it being very difficult to predict just how far this share price will rise, it has risen from 2544 a month ago to 2700 a 156p rise or 6%. from December 2012 till December 2013 we had a 30% rise then previous year a 40% rise in share price. If one assumes a much greater rise this year due to dividends being paid april interim dividend up from 15p to 90 a six fold increase and if the 2nd interim dividend increases to same extent from 59p to 354p thats total dividend of 413p which would be a 15% dividend at 2700 to move to a more realistic 5% dividend, if my assumptions are correct, i would expect the share price rising to over £7 a share within a year

another little push to 100p coming up?

another little pus to 100p coming up?

looks good gold is holding about $1240 looking forward news on current extract cost per ounce which shoudl be dropping month upon month

gold up again plenty of profit for PAF as gold production is ramped up again this year

this share does appear to have 50p barrier which has been just passed twice and almost once within the past month traget price appears to be 60p

another spike?

http://www.freethinker.com.au/new-world-order-%E2%80%93-part-8/

I believe that this share appears to have found a support level at around 94/95p and is supported by the management team with Chairman William Rucker who is earning the least on the board at £180k happily investing over £3000 a month every month since august 2013. Almost 50% of the shares are held by institutions who appear in no hurry to cash in on what must be considerable profits. Thus i have dipped in again today as my xmas present to myself and will sit back and relax with this share which i feel should slowly but steadily rise in the coming year

i have to assume that this is simply an unpopular share despite having steady income increases year after year and clear announcements, only downward movement has been quick in coming with this share with any upward movement very slow and limited. It really will take some fantastic news to shift the cart-horse of a share as good news and results barely register a slight nudge up. tried to offload my carthorse shares at 164.5 today but they dropped back too qucikly