Member Info for MikeF

...product and continues to seek investment opportunities in the gold and related industries. I'm in with a few as i can't see a reason for the fall and the company turned a profit on the previous results... looks like the sp was dropped just to accomodate a large 500k buy!? GLA

Chairman's statement I am pleased to announce the interim results of Asia Resources Plc ("Asia Resources"), for the six months ended 30 June 2009. The unaudited interim results for the six months ended 30 June 2009 show a profit before taxation of MYR 2,693,000 and a profit after taxation of MYR 1,546,000 (2008 : MYR 2,028,000). The basic and diluted earnings per share were 1.03sen (2008 : 1.35sen). The balance sheet shows net assets of MYR 58,245,000 (2008 : MYR 55,267,000). The Group's subsidiary, LS Gold Bullion Sdn. Bhd. ("LSJ" formerly known as Lin Shoon Jewellers Sdn Bhd) has seen sales growth of 20%, partly as a result of the rise in gold prices but predominately from higher physical gold volumes. Gross profit has been maintained in the face of depressed processing margin, which we believe have bottomed out. The board has identified opportunities for enhancing margin with the creation of a bespoke, branded product. Group cash generated from operations has increased from MYR 1,047,000 in 2008 to MYR 4,501,000 in 2009 and cash from operating activities is now positive at MYR 2,073,000 (2008 negative MYR 2,010,000). In the six months ended 30.06.2009 LSJ has invested just under MYR 6 million in new plant and machinery for the manufacture of higher margin gold products to support the Group strategy of margin enhancement. The Company is currently investigating projects that will assist in sourcing more raw...

What's the reason for the fall? Just to purely accomdate the 500k buy? Looks like this may be in for a bounce... GLA

21simthy - 23 Nov'09 - 09:38 - 169 of 169 Probably worked sale, you quoted there's been interest this morning and of course Friday afternoon. The online bid size has been 75k this morning and Friday late on so nothing has changed, it's obviously a very liquid stock and the mm's on the offer have stock to shift before they will move but they have cleared some of it this morning.

Maybe the 500k and 300k are delayed buys from Friday as the sp hasn't moved and neither have the buy limits in any significant way!?

500k trade just went through, looks like a sell, may have been a slight overhang, would think that it was worked through. Funny thing is can now sell @ 2.02p when only got 2.006p a min ago!? Can now buy @ 2.135p. GLA

Can still buy @ 2.15p on Halifax... GLA

Ignore my previous post, just seen the 10 share trade! lol Someones a big spender! GLA

http://www.hemscott.com/companies/company-summary.do?companyId=4359

I am a bit confused by your post! Can you explain? Current buy price is 2.15p... GLA

Few buys already through... 3 of which have gone through on PLUS. One being 135,235... hope to see a few more of them today and we should have a little tick up again, not expecting fireworks before results but expect a nice little climb up until then... market cap is extremely small taking into account the contracts in the pipeline. GLA

Let's see what this week brings. Results are due soon which are expected to be good. GLA

Summary: The company has recently undergone a massive restructure. This should dramatically reduce the companies cash burn and they are expected to turn a profit on the next results. Highlights: Turnover of £28.9m for the year (2008 restated 18-month period: £26.1m) Gross profit of £4.1m for the year (2008 restated 18-month period: £4.7m) Acquisition of Legion Group plc transforms the business into a top-ten UK security provider Strengthened board and management team Integration plan on track to deliver value to shareholders during 2009/10 Re-branding with a single iconic identity for the enlarged group Recent trading statement: http://investegate.co.uk/Article.aspx?id=200910060700062700A With £155Mill worth of contracts in the pipeline over the next 2 years the future for the company looks very good. The current market cap is only £12.6Mill at current sp (2.125p) which seems very cheap taking into account the contracts. A couple of very impressive buys came through on Friday 20th November (1.4Mill (£28,000) and 447,500 (£8,503)). I feel this company has really turned a corner and will continue to grow. All IMHO and DYOR. GLA

Great day today, much improved volumes, let's hope the results are out next week. Have a good weekend. GLA

for Monday after some good interest today :) GLA

Any time now, the company has said that they wish to release them before the December deadline. GL

Now the company has completely restructured itself i strongly believe that it can grow above it's previous highs but obviously won't happen overnight. GL

I have 79,000 shares. GL

You really shouldn't joke so much about the ramping lol some might get the wrong idea! Just look at the 2 large buys today... something is going on! GLA

'Legion Group plc, the AIM listed total security solutions group, is delighted to announce that the trading performance for the first four months of the new financial year resulted in sales of GBP21.04 million (As announced 30 September 2009, turnover for the year ended 31 March 2009 was GBP28.9 million) . The integration of the businesses of Legion Group plc, SectorGuard plc and Craft Services Group has been successfully completed with a new structure in place showing an overhead saving in excess of GBP2.8 million against the pre-acquisition overhead costs of the combined businesses. New contract wins with an order book value of GBP17.25 million have been confirmed in the four month period with clients such as DTZ, Premier Foods, Wellcome Trust and Lloyds Register. The combined order book value of the business is now in excess of GBP155 million.'