Member Info for MasterRSI

Who is next, it seems I have to take the WORLD plus MRS shareholders not happy about some posters saying the truth about their company.

next ... Austin14

Glad you are taking with experience on having to visit ... local Parish council in the past

Ian.B

re - trolls/derampers

Are wearing tinted glasses or you were born half blind?
or no you are a RAMPER and that is true on looking at you post at the bottom.

The company forecast of a EPS of 2.6/3p was well scrutinized by me and there is no chance of making it ( on the net profit they announced ) as the directors did not apply the correct no. of shares, (less than it should be ) and no tax charge, one needs that to reach the right EPS, that is the second time giving the wrong forecast.

I am trying to be fair on my comments, but certainly not in the side of the directors, that they are like YOU

Ian.B Today 09:46
Massively undervalued shoudl be going only one way.
Eps of 3p

StarRage

Indeed was your choice, to play Russian Roulette and gamble on today being suspended and wait and wait to come back to the market.

Today's prices are not much different than when you bought and no worry of being suspended.
Take your chances with a winning margin is the goal not gambling as you have done.
The winning factor is in my way of playing alright

Are you another one with inside information?
Maybe someone will call at the door in the future

Silverlight

re - It was never in doubt Master
It's easy to say now, but on looking at past comments, many shareholders were on fear of worse to happen.
If you had inside information, then maybe others should complain about that or reported as you are very good on doing so.

tesa

re - Why do you think management waited for the last day

It could be they had problems in reaching the necessary paper work to go through.
But also could be as the management DID NOT GET at the AGM resolution 4, pass "which sought to authorize the Directors of the Company to disapply pre-emption rights in relation to the allotment of new shares in the Capital of the Company"

That means their plans ahead, most likely on the DEBT restructuring using shares will now be more difficult, so one could take it as a way of penalizing shareholders ( make them suffer ) with the late news. ( payback they say)

Save by the bell on the 11th hour, was the last day to appoint a NOMAD or being suspended and management got most shareholders "on tenterhooks" for some time, so do not blame anyone else but them.

One hurdle being passed, now the next one is DEBT.
But there are a few challenges for the company that still remain, like the directors themselves.

To all the shareholders,

It is very easy to complain and find faults to my research and conclusions, but most of you also complaining about all the parts I have talked about, nevertheless you have not bothered to found out the reasons why.

Trying to see all positive things on the company or post, you will never find out why the company is in such a bad shape ( share price and valuation )

I know I have ruffled many feathers lately, but that is the only way to find out what is going on inside the poor performance of the company.

I have worked very hard today and is not only here, but 2 other places also ( no MRS) , so I will say bye for now

re- saddo

Non, rien de rien
A witty remark maybe clever and funny

reply of the kind for you ... the fishmonger did offer me a "trout" the other day, but I dispatch without it, too old and too bonny, much the same as the poster here

It looks like is "P!ss time"
Do not shoot the messenger - Shakespeare would not like it

oldandtired

Did you hear... "an eye for an eye"

Yes you laugh did not last when you saw my answer do not try to twist it you are too old and naturally tired to do that
"I am the one laughing at your expense"

note - "An eye for an eye" or "A tooth for a tooth", the law of retaliation, is the principle that a person who has done bad to another person is to be penalized to a similar degree"

I am no the sort of ...

Do not resist the one who is wicked, but whoever slaps you on your right cheek, turn the other also to him.”?

Rickylfc5

re -one particular line made me laugh

The line you are talking about is the abstract from the S. Magazine
on other words, if your cash flow is positive, pay some of you debt and the Interest will be lower
I am the one laughing at your expense on buying so many @ 6.6p and now nursing the loses

As you said before ....How will it all end ??
I only can say ........There is not much light at the end of the tunnel

no one likes scary things of a company being a shareholder, but that is the situation of MRS and has to be said.

Is not good complaining why the shares are trading at lows, why the company does not give us the news we are due. etc.
Look for the reasons it could be,
well, that is why I did my research and I reach that conclusion.

It looks like some shareholders are up on ARMS?

wonder why
not really they are only acting like MPs on the house of commons
the truth hurts if is put in black and white

oldandtired

re - wrong board

Not only is the right place but the right board as MRS is an AIM stock with lots of problems if you read everyone's post not the only ramping ones.

Do I remember well, you are the one buying 1,5M yesterday?
Maybe you should take care of where do you put your money in the future.
So I do understand why you do not like the posting and even less the one after the conclusion, you did not see yet.
But having FRR suspended lately on your Portfolio, I would expect to be more careful with your money unless you like to play Russian roulette and throw money AWAY just like that.

Indeed it's your choice, but my experience of 35 years of investing in shares, with the last 2 decades almost on a daily basis apart from the last 3 month were cash is the way to be, until things settle and with that volatility, tells me never to put money in a company that is 2 days away from the change of being suspended due to no Nomad.

"C'est la vie"

>>> page 5

Since the financial crisis we have seen a significant decline in investor appetite for small cap international businesses trying to float in London’ says the lawyer. ‘The general trend is towards larger, higher quality businesses being run from the UK or from other established economies in Western Europe or the US.

‘The number of listings of small businesses being managed from, or deriving the majority of their revenues from, less mature markets has declined. This is evident from both the number of delistings we have seen from those types of companies, as well as the lack of investor interest in IPO candidates of that profile.’

Doughty says an overseas business trying to IPO in London will need to demonstrate ‘a strong nexus to the UK’, or at least an international component to its business and its revenues, as well as meet higher quality thresholds generally than a comparable UK domestic business in order to offset the greater investment risks perceived by investors.

Katie Nagy de Nagybaczon at Olswang believes recent issues with foreign companies on AIM may put off retail investors but not institutional investors.

end

>>>> page 4

Squire Patton Boggs is one of several law firms active in the AIM hemisphere. Partner Matthew Doughty doesn’t share the view that recent AIM scandals will ultimately have a positive effect on the market. He says that any loss of investor confidence can have widespread implications for companies across the whole market, affecting IPOs and secondary fundraising activity for existing AIM-quoted companies, as well as trading volumes and valuations. ‘That means that good businesses suffer (at least in the short term) and the AIM market as a whole has its reputation dented. That isn’t good for anyone.’
................
Listen to the market

One valuable lesson for investors is to always listen to market concerns. They often prove to be correct.

For example, many people didn’t believe the earnings forecasts for Chinese sports shoes seller Naibu, hence why it traded on a very low rating. On 18 February 2015 the company’s non-executive directors told shareholders they didn’t know the whereabouts of senior directors. As such, they couldn’t get any information on trading nor financial position of the business. The nomad subsequently resigned and the shares were delisted in the summer.

Countless commentators flagged issues with the accounts of Greek software company Globo for a long time before its boss confessed to fiddling the books. A bear raid was carried out on the stock in 2013, again in 2014 and once more in 2015 as various reports raised doubts about the reported numbers.

Bear raids generally involve the publication of research documents that highlight what the author believes to be major problems in the business. The author also tends to place a ‘short sell’ on the stock, thereby profiting if their research causes the share price to fall.

There has been a suggestion in the market that the regulators haven’t acted fast enough when such accusations are made against an AIM stock. The response from the London Stock Exchange implies that it cannot jump on companies at the first accusation of wrongdoing.

‘We understand that people want answers as quickly as possible, particularly when they are concerned about their investments,’ says Marcus Stuttard. ‘However, you cannot short circuit a serious process and become judge and jury before going through a thorough investigation process.

‘We also, which is perhaps not always appreciated, work in close concert with the UK’s other regulators: the Financial Conduct Authority, Financial Reporting Council and Serious Fraud Office. Many of the issues brought to our door are often in fact within the purview of these other regulators.’

Overseas appeal

Most of the problems surrounding AIM stocks in recent times have been linked to foreign companies. So does that mean international businesses will have a harder time joining AIM in the future? Matthew Doughty at Squire Patton Boggs gives a resounding ‘yes’ to this question.

>>>> page 5

>>> page 3
The company told investors at flotation that it has a co-operation agreement signed with major US defence contractor Northrup Grumman (NOC:NYSE) to train military pilots to fly drones. It expected the work to start in the fourth quarter of 2014.

Strat Aero said at full-year results published on 30 June 2015 that initial training of US Air Force instructors in Roswell had been completed in April 2015. It said ‘optimisation’ of the training programme was underway and that it expected to initially train eight pilots a month.

On 24 September, the small cap said the work had been delayed due to ‘military procurement issues and associated personnel changes’.

In reality, Strat Aero did a pitch, thought it had a contract but it had nothing of the sort. New chief executive Tony Dunleavy says the founders of the business were naïve in how to deal with military establishments. ‘They didn’t realise a General wanting something and getting it done were two different things. Northrup didn’t even have a contract.’

There was a test but General #1 retired soon afterwards and his successor wasn’t interested in awarding a contract. That person has also since left their post, so Strat Aero is back meeting General #3 to re-pitch – so not quite the situation implied by the original company announcements.

Lessons learned

Although many people will have lost money from AIM stocks in 2015, one would hope the negatives will act as valuable lessons and make investors savvy in the future. Cast your mind back to Connaught’s collapse in 2010. This stock is often revisited when discussing red flags. The social housing repair group imploded when it ran out of cash. The signs were in the accounts: it aggressively recognised revenue but this didn’t turn into cash. The fall-out emphasised the importance of looking at the numbers rather than simply listening to the management rhetoric.

Katie Nagy de Nagybaczon, a partner at law firm Olswang, believes scandals can have a positive effect in the long run. ‘They encourage people to apply more scrutiny and can lead to loose rules being tightened, as happened with cash shells after the Langbar scandal in 2005,’ she says.

‘I think the fact that the recent issues with Chinese companies were all brought to light by their nomads is evidence that the current AIM model is working well. No regulator, however good, is going to be able to stop a full scale fraud and sadly it happens across all markets and in private companies as well.’

It is easy to pick on AIM as being the home of corporate disasters, yet it is important to remember that problems happen to companies of any size. Just look at Tesco (TSCO) – it suffered an accounting scandal in 2014 and is a business worth more than £13 billion. Don’t confuse size with quality.

>>>> page 4

page 2

Warning signs

Investors should look at the reasons why numerous AIM companies have failed in 2015. Were there any warning signs in the accounts?

One obvious red flag is the inability of a company to generate cash. Another is having large amounts of cash and large amounts of debt – a normal business would use cash to reduce debt and not have to waste money on interest payments.

Globo is a classic example. Interim results on 29 September showed €56.9 million of borrowings and €104.4 million of cash. The cost of servicing the debt was more than five times the interest received on the cash. Yet the company had been trying to raise even more money over the summer via high yield bonds for acquisitions and to repay existing debt. That was a huge red flag to whether its published cash figure was correct.

You should be concerned when trade receivables are high in relation to revenue generated in the reported period. That implies the company is struggling to get paid by customers in an efficient manner.

Investors should always study the language used in trading updates or financial results. In a nutshell, be cautious of any firm saying first half trading was poor, but full year earnings will be fine because it will make up any shortfall in the second half. In reality, this often leads to a profit warning when it cannot make up the shortfall.

Be nervous when you see the phrase ‘broadly in line with expectations’ when management comment on trading. Broadly should be taken to mean ‘not quite’.

Investors need to be able to trust management. They would much rather hear the truth than be misled and ultimately let down. These are just a small selection of examples to consider when researching AIM stocks.

CAN YOU TRUST WHAT MANAGEMENT ARE SAYING?
Investors need to be able trust the information being supplied by a company is true. AIM-quoted firms are often prone to exaggerating the truth in order to get investors interested, such is the nature of small businesses. While the companies may argue that they aren’t promising anything, many investors will fail to read behind the lines and end up taking all the information as gospel. This creates a dangerous situation where expectations are out of line with reality.

Companies who fail to turn their confidence in winning a contract, getting a licence, or generating the anticipated level of sales into reality will leave investors sorely disappointed. After a while, investors will start to get fed up with companies who over-promise and under-deliver. That could lead them to take a negative view of AIM as a whole.

A savvy investor must therefore be someone who can spot when a company is trying to be sneaky so as to have the right level of expectation.

A good example is drone specialist Strat Aero (AERO:AIM) whose principle sales pitch at IPO in November 2014 has turned out to be a work of fantasy.

>>>>> page 3

Below is an extract from the "Shares Magazine" resuming 2015
Companies being suspended duee to NOMAD, directors stealing cash from companies. etc.

page 1
Forty seven stocks on AIM have delivered in excess of 100% share price gain in 2015; 132 have seen their share price rise by more than 50%. At the time of writing, 392 stocks on AIM have delivered a positive share price return this year.

While these statistics make for good reading, let’s not lose sight of the broader market. There are nearly twice as many AIM stocks with negative share price returns this year (629 at time of writing) than those in positive territory.

Twenty eight companies have been kicked off the market this year (data to 31 October) because their nominated adviser (nomad) has resigned and they have failed to get a replacement. You can take this to be an indication of something wrong with a company.

This year we’ve had accounting scandals, directors stealing company cash, general financial mismanagement and numerous companies go from boom to bust in a flash.

Is this reason to worry? Some would say not. After all, this is a growth market with more than 1,000 junior companies. No-one expects every single small business to be successful, so why should we expect every AIM stock to thrive? There is an assumption that every company should be bulletproof by the point it reaches the stock market. Investors mustn’t think that way.

Investors should expect companies to be truthful. Sadly, there have been many offenders this year which have let down shareholders and the tarnished the reputation of AIM.

Globo’s chief executive Costis Papadimitrakopoulos admitted in October to falsifying data and misrepresenting the company’s financial information. The business has now gone into administration and shareholders have lost all their money.

Chinese food additive business Sorbic shocked the market this year when it revealed the-then chief executive, Wang Yan Ting, had taken control of the company’s corporate seals, business licences and some cash – and refused to give them back. The boss was sacked, the nomad resigned and Sorbic couldn’t get anyone else to become the replacement adviser, so the shares have been delisted from AIM.

It was announced in August 2015 that Quindell – now called Watchstone (WTG:AIM) – was being investigated by the Serious Fraud Office relating to past business and accounting practices, as well as probes by the Financial Reporting Council and Financial Conduct Authority.

will follow with more page 2 >>>>

On looking at the short term chart 50 days the shares have been moving along on this parallel share trend forming a top of 5.20p and bottom of 4.15p.

50 days chart
http://uk.advfn.com/p.php?pid=chartscreenshot&u=KVRySGRiqO0%2F1k3Mtn%2FV99Rm75hk21vq

From the "UPS" thread.........

ENQ 19.59p +1.09p

Yesterday's opening with a UT @ 18p was the low for the last few days and a change in the direction of the stock since.

1 month chart
https://uk.advfn.com/p.php?pid=chartscreenshot&u=JbXHyE1d%2Bb5tjLiNZzpZ1YIKc8wu6BrB

Oil prices on the rise again this morning and so Oil shares
Enquest 2nd on the Percent risers, only because of OPHIR Energy had 4 RNS today.

Stock-price-rise-% rise
OPHR 54.20 3.60 7.11%
ENQ 19.58 1.08 5.84%
PMO 73.42 3.22 4.59%
TLW 200.90 5.80 2.97%
BP. 512.15 9.15 1.82%
GENL 188.10 2.70 1.46%