Member Info for MattTheBrave

Yes - they do describe themselves as pretty 'active' in terms of working with management, so they certainly should be!

Thanks. Probably won't...:(

...on huge volume now. Could we have an interested corporate buyer here......There might be a few companies out there who'd like to get their hands on Pebble beach on the cheap?

Chuckle. Fair enough mate.

JS, interesting day for me as the other stock you and I discuss came out with a trading statement today......

So when you said '...but long term this is a good opportunity to buy a stock that is down on its luck.' I assumed you were a long-term investor BG. Just a speculator then? You may never get back to 170p you know...

Ha! Yep, through 12p this morning. Early days of course (and by days, I mean hours...)

Market and revenue growth certainly still coming through - question now is whether they can convert that into cash flow generation, and stellar earnings growth! Story remains intact for now though.

Fair enough JS. I guess you have upset a lot of people....... ;)

Gerry, good points, thanks. Issuing stock at this price level will be painful for sure - lots of dilution, although the shareprice sure has a lot of problems built in. Remember that Buffet also said "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful". Well, very few stocks have as much fear in them at the moment as this one...... Up at 11p today, so fingers crossed....

...not too bad. Now if it keeps going at the rate, I'll have made all my money I lost in this stock in no time...!

Maybe. Mate, you sound like one of those 'rampers' I keep hearing about on this Board....;) Ok, how about we make £200, then meet up for a slap up meal and a few beers (potentially with partners, but I'm easy on that, your call...)

Good man! It's only money after all!

Right. Girded my loins, took a deep breath, and had the courage of my convictions. 5000 shares at 9.9p God help me. In truth, just a token gesture really, but that's as far as I'm willing to go. Out price 20p, stop loss 6.5p. Done.

...below 10p now, which leaves me in a quandary. Terribly easy to sell at one price, and then say in a blasé fashion I'd invest again at a far lower price, but now we're here, I'm getting sold feet. Real issue for me is this comment about the banking covenant which suggests to me that there is at least a (slight?) possibility of the bank pulling the plug. There's also the size of the potential write-off on VCS. £9m is 15% of sales and 150% of adjusted op profit. What to do......?

Official statement from Vislink: "As part of the LTIP , each manager was contractually guaranteed a disc of wood with a radius of 10cm to taken from the bottom of each lifeboat provided for shareholder safety until all but one of the lifeboats is duly 'holed'. We can confirm that this contractual option has been exercised by all management. We can also confirm that he one remaining lifeboat has now gone missing. In separate and in no way coincidental news, John Hawkins has not been seen for about 6 days week.' Doesn't look good does it.... :)

Sure, but he's a turnaround specialist, not a long-term 'grower' of a business. With the purchase of Blancco, followed by the sale of the depot business his job is effectively done, and I would expect him to exit stage left pretty soon. Clawson, Dhody, and the new chap, Stiennon are the key men now. Any tech/software company is risky of course as new competitors can always enter in this space. What I am confident of is the space itself, data cleansing/deletion, which I think has a decade of double digit annual expansion ahead of it!

s@v - Relevance to L&G? I see you've posted this on a few Boards - Seems like your personal crusade (which is fine) but these Boards not the right forum in my view.

...but back well into the £2s again! Quite right too!!

Thanks Spikey - it worked anyway as his posts are all gone now! Meanwhile L&G knocking back on the door of £1.90. This will remain a core portfolio position for me with an 18mth price target of £3.