Member Info for Mamba05

Nice tick up. Let's hit the 1.2p mark

interesting I see uptrend and I have been charting for few years now. Good luck with your prediction mfkr.

camkite, yes the £120k buy told me everything. I have been in SMA for years and have not come across that type buy all in one at that price. so I'm sitting tight.

told you..SMA is a quick mover. you are not going to catch it. As I mentioned yesterday, nothing has changed and I remain confident that a JV is in order. You can sense from all these buys. I wait fro the 2p.

"Since our appointment to the Board in December 2015, Rupert Fraser and I have been conducting a strategic review of the company's assets and activities with a view to enhancing shareholder value. We look forward to setting out our vision and strategy for the businesses in the near future. As previously stated our plans for the business may well involve the pursuit of an acquisition which would trigger a reverse takeover under the AIM Rules. Following SMA's successful fundraise at the end of 2015, in which both Rupert and I invested in to provide additional funding to the Company, it had cash resources of approximately £452,000 at 30 June 2016. The Company reports a net loss of £43,795 for the six-month period ended 30 June 2016, compared to a loss of £41,351 for the corresponding period in 2015. Post period end, we were delighted to announce the appointment of Jeremy Sparrow to the Board as a Non-executive Director. Jeremy brings over 25 years of investment experience to the Company and was most recently Head of Investec Resource Investment Banking for Asia and Australia. We are confident his deep sector knowledge and expertise will augment the board's existing skills and add significant value ahead of our next stage of growth and as we implement the new strategy. Following careful investigations, and having taken considerable specialist professional advice, the Board has reached detailed positions and is in advanced discussions with potential parties on both our Guinean interests, currently carried in the books at nil value, and on a potential new acquisition in the mining industry. I hope to provide updates shortly." Nothing has changed. Everyone has crashing to buy few days back. We know SMA is tight held stock and moves very fast. I reckon we are waiting for acquisition and JV news for Guinea assets. 2p here we come. All to play for mfs.

More buys again reported as sells. Got some myself, avg up.

I sold my share lot to buy a car.

when is the dividend paid?

Lovely set of results. All record high. ££££££££. 50p anyone?

at 0.80p. that says something. SMA is a high volatile share and do not get fooled by the MM's tricks. Once it flies, there is no catching and won't be able to buy. Real value is atleast 1.2p right now before news. This is being kept down for someone to load.

To come. This is big. Really happy for all of us LT who have stuck by since David days. I hope he is smiling.

Took us two days to build 5%.

What the hell is that?? :)

animal, yes. the gold asset we have is massive. Two Chinese parties were did full due diligence same time last year and I hear that both went for Oil companies to take full advantage of supressed oil price last year. Now the gold is once again becoming the new trading currency, as you can see my market reaction to mining companies such as LMI,KAZ, GLEN to name a few have tripled in value since mining crash 2years. There are lot of II's looking for solid gold mining asset and SMA is well positioned with no real political concern and fairly good logistics too. Last RNS of "advanced stages" with "parties" only make my hands rub in anticipation. Again, for people who have no idea of the asset in play, do some research and you will be in awe.

Canny management and copper-bottomed balance sheet are strengths for car dealer James Crux Share price weakness at ambitious automotive retailer Vertu Motors (VTU:AIM) represents an attractive entry point for investors. While Brexit could impact spending on big-ticket purchases including cars, Vertu has growth levers to pull and a reassuringly strong balance sheet under the bonnet. Since floating in 2006 with a stated ‘buy-and-build’ strategy, Vertu has grown into the UK’s fifth largest automotive retailer, trading under brands including Bristol Street Motors, Vertu and Macklin Motors. Shares have drifted down from 78p in January to 50.25p, reflecting worries about a new car market cooling and the impact of an EU exit on the industry. Yet Vertu’s pre-close update (1 Sep) highlighted robust half-year trading and astute CEO Robert Forrester still expects to deliver record full-year sales and profit. SMMT data since April shows the trend in UK private vehicle sales slowing following a period of sustained growth to record levels and Vertu’s September new car orders have indeed cooled. However high-quality, repeatable aftersales and used car sales, speaking for the bulk of profitability, continue to grow. ‘The result of the referendum to leave the European Union has, to date, not impacted consumer confidence as adversely as some were initially predicting and the group has not experienced any significant change in consumer behaviour,’ says Vertu. Record low interest rates and record employment in the UK provide a healthy backdrop for the motor retail sector, although the weak pound creates uncertainties around manufacturers’ strategies on pricing. It is worth pointing out that the UK represents the second biggest market for new vehicles in the current EU and thousands of continental European jobs are reliant on a continuation of this trade with the UK, so manufacturers will be keen to support UK retailers through the uncertainty. Vertu is well-placed to profit from prevailing conditions through its established network of volume and premium car dealerships and can turbo-charge earnings through M&A, having proven its ability to acquire and turn round underperforming dealerships. Vertu has a strong, asset-backed balance sheet and the majority of the £35 million raised in a March placing has been deployed in earnings-enhancing acquisitions. Liberum has a ‘buy’ rating and 100p price target for Vertu. For the year to February 2017, the broker forecasts growth in adjusted pre-tax profits to £31.4 million (2016: £27.4 million) for 6.2p of earnings and a maintained 1.3p dividend. On these metrics, Vertu looks oversold on a grudging PE of 8 with a 2.6% dividend yield. Shares says BUY : "Vertu Motors is significantly oversold at 50.25p."

yup, happy to load before herd arrives.

my understanding is, this will be a JV for the mine.

The company said it is in "advanced discussions" to sell its Guinea interests, including the Mandiana gold project, which are currently carried on its books at no value. In addition, it is holding talks on a potential new acquisition in the mining industry.

also in touch with David. He's full supporter on the new management as he still has interest and holds quite a bit of SMA. as far as sp is concerned. The board is strong and has clear vision on where and how they want to head this company. We are days away from in my opinion JV news.gl mfrs.

Yes mfr. this will be around 1.5p in no time. Just watch. No major resistance till 2p