Member Info for Megabux

in my opinion. When I read the RNS, I felt a bit uncomfortable about the impact on the sp short term as it seemed to me that the anticipated costs of the plan were relatively high (although longer term, the company will reduce overheads) and CMS did not give enough detail about the financials eg where the funding would come from, how long it would take to recover costs etc. That said, they have plenty backing, good long term contracts with some big players and are making profits. Their movement away from paper based direct mail is a sign of the times and a very sensible strategy, although obviously difficult for the staff involved. From the financial statements issued previously, the company states that it is looking to take on more staff in certain areas and if it is practical to do so, my guess is that affected staff may be offered posts elsewhere in the business during the consultation period. The sp now looks like a good entry point imo given the prospects for CMS.

What happened today then? CRA announced via a tweet that they have now commissioned a new testing facility for CET ( which they've been working on for six months using some of the placing funds). The idea is that it will be cheaper and quicker than onsite testing. Looks like some investors see this as negative, maybe because they expected more tangible results by now. Shame really, but as always, market sentiment and herd mentality drive the sp.

I see from other boards that you (rightly) criticise other posters for predicting sp movements without any rationale. Why are you doing the same thing here? Double standards. You are clearly not invested and your motives are questionable.

What is your reasoning Hughsie?

Had a good week last week. Let's hope for more of the same.

A much better week. Nice and steady.

Nice to hear from you Rocal.

Gunton, I think 12 months is more than fair given the position which the company is in currently. I agree with much of what you say.

Hello Choice. You do sound very upset. I can see that you have been invested here for some time and have seen the sp decline. I am a relative newcomer having invested here in January, so I haven't got much history with CRA and although I am about 20% down, if it wasn't for the fact that CRA is moving forward (as evidenced by the recent results) I would most likely turning my attentions elsewhere. That said, I already have a good spread of investments so I can stick with this as long as the company keeps moving in the right direction. I think though that the company should at least have acknowledged your email, even if they could not answer your questions directly. What did you ask them, by the way?

First class, Skyfall. Thanks.

Agreed MM14.

Seems to have levelled off now so back in today.

Hello Gunton. It might be worth raising those points with the company. My take on it is that the change in focus comes as a result of tests and simulations which demonstrate better outcomes in higher performing wells and that therefore, it is right that the company takes the results of these tests on board and concentrates on the resource which is likely to yield the best results. The fact that the company were testing higher performing wells and not just testing with end of life wells shows foresight imo.

£6.25m worth of new property & motor contract wins in U S announced today (remember recent appointment of new US advisory board?) and half yearly results show strong growth on a constant currency basis (ie neutralizing the effect of currency fluctuations so the true picture is clearer). Also reintroduction of dividends. Looking very good indeed.

Agreed on all points Chan.

Can't find any reason for yesterday's movement. Any ideas anyone?

restates the recent acquisitions and contract extensions with Lloyds & P&G. Also company is looking to 'reduce headcount' at one of its locations in Leeds due to declining direct mail volumes. This will result in additional exceptional costs this year but CEO states (and I'm paraphrasing here) company remains on track and has to adapt to changing circumstances.

Well, to me this is positive overall. Further work underway on C E T and a clear need for the product. An increasing order book for A C I and Hunt Thermal on the right track. book. I think it's important to stress that Corac is a group of companies with different offerings in technology and is not just about compressors.

Thanks Chan. Yep - completed today on son's flat and he and his wife have completed on their lovely new(ish) home so all rosy in the garden. Just need to find a tenant now for flat. Meanwhile, CMS has been moving steadily forward and I note that all resolutions have been passed. Looking good all round.

Chinese order book growing.