Member Info for Neophyte

....Told you so

I have no problem with day trading, good luck to you and congrats if you pull out a profit. I have tried it, I made a 2x return in under an hour on CARE a while back. But that was a company with prospects... This has none at all, not even any news. You may pull a profit but at the end of the day it's luck not skill. Many thought they got rich on GMG only to find the shares they have "sold" will get settled for next to nothing. Trading in companies who are on the brink of going under isn't trading. It's gambling at best and throwing your money away at worst. Anyway, I can see I'm unwelcome to I'm off again.

Oh you guys! You do make me laugh. You're right, I'm not invested here. Just like I wasn't invested in GMG when it rose over 100%. However I do recall seeing both your names in shares I'd held for weeks, but only after a 300% rise. I guess I'll see you in my other investments in a few weeks time ;)

Do whatever you want. I'll be back in a few days to say I told you so. What on earth kind of upside do you imagine this company has? Apart from the fact for no good reason it rose 100%... That 110%... from Google, right? You do realise google goes by last trade price, not the mid based on bid/ask. The spread is 50%, you try selling 100% up... I guarantee you will NEVER sell with a double bagger in this dog of a share

My research consists solely of their most up to date announcement which clearly states "neglible equity", no further research is required. It's a dog of a share and that's that. If they're lucky they won't get delisted. CIAO!

Don't know, I only came over to see why this thing is up 150% and it just looks like the biggest dead cat bounce in history. All I see is the board announcing they consider the company to have neglible equity.... As in they're broke. No more research, I'm outta here. Why anybody invests in companies who announce they are up ****s creek is completely beyond me. I'd prefer my odds on red or black.... Good luck guys =/

Seriously, if you have to ask people whether to buy or not, you do not deserve to be trading stocks. THE BOARD SEE'S NO EQUITY IN THE COMPANY. Does that not sound familiar? Game shot up over 100% last week too... now look at them. Shares suspended, game over. Some poor mug who listened to people on the game board lost £33k. YES, BUY BUY BUY

Cheers cinders, didn't think it could have been a "real" increase. I did look for an RNS but must have had my AIM filter on. Moving on....

Turns out it's not a direct grant to PRM. Looks like someone else was just as quick to throw in money and ask questions later. 24k shares bought 10:02, and 24k shares sold 10:04... haha!! I'll at least give it more than 2 minutes!!! Talk about impatient

Nice RNS, grants of 11m, mcap of 60m. Just thrown a grand at it, let's see what today brings!!

is going on here?! Open 0.7p, now 44p?..............

Whoever bought those 57 shares on 2nd November 2011 must be absolutely kicking themself!!! Sold out yesterday (14th March) after holding for 4 and a half months, only to see an RNS ONE day later (today), declaring dividends: The directors have declared a dividend of 5.40p per Ordinary and `A' Ordinary share to be paid on 2nd April 2012 to shareholders whose names appear on the register on 23rd March 2012. Only an extra 5.4p per share but that's a right kick in the teeth. Only 11 trades in the history of the company. Maybe the directors noticed and wanted a cheap laugh?

Big disposal, huge profits for the group. They only had $10m cash as of Jan 2012, so that's quite a big cash increase!.... LSE shows no fundamentals, Google says 25M shares, the last Director Dealing RNS says 18,073 shares representing 0.03%, so I figure that to me 60M shares... Confusing. Need to do some research but things sound real good at a glance??

interesting....

As expected, EP Cayman have now notified Blackstar they have sold all their shares and now hold 0%. We're still due an RNS to explain who the holders of over 10 million shares are though!! Quite overdue now too. After some thinking yesterday lunch time, it occured to me that Damille/Damille II couldn't possibly make an offer for the entire company as they lack the capital to complete the transaction. Since they can't take over the company it's weird that we haven't heard who bought the shares - news like that can only really be withheld during a takeover attempt as far as I know, but as it rests on the buyer to notify Blackstar there's not much we can do but wait. However, if Damille & Damille II build a big enough stake and were each able to place a director on the board of Blackstar, they may be able to exert quite a bit of pressure to see some changes that would enhance things for shareholders. Nice to see this has indeed gone north as predicted, but at the moment the spread negates any real gains. Hopefully further announcements and the actual disposal of Litha shares later in the year will give us a nice boost. Wonder when the dividends are, can't seem to find out?!

Shame I had no funds to buy in. Still on my watch list though, hopefully OCH will recover soon so I can escape with my money in tact and invest in some others on my watch list before they kick up too!

Morning, Neophyte. Right on time, RNS out this morning declaring that Damille Investments has announced they were the buyer of another 2 million of those 13.3 million undeclared buys (500k for Damille Investments, from 10.75% to 11.35%; and 1.5m for Damille Investments II, from 3.87% to 5.70%), bringing their total holdings to 17.05%. That now leaves 11.3m to be announced, along with EP Caymans disposal. A bit more about Damille: Damille Investments were started in March 2010 with the intention of spending the first two years investing in companies and the next two years realising their positions, with the intention of winding up the company after those 4 years in profit. Therefore Feb 20120 is pretty much the last chance of investments for Damille. Damille Investments II is a seperate investment group, who are both advised (owned?) by Nimrod Capital, who also own/advise? a further 4 investment groups and seem to have a pretty respectable past. Damille's investment policy is to seek out companies who need to optimise their balance sheet and align management and shareholder values - i.e. find companies whose share price could do with an upgrade, and make it happen. In order to increase the probability of this happening, Damille seeks to gain direct control or significant influence in the BOD - whether this comes from making an offer for the entire company, heavily investing and placing someone on the board, requisitioning AGM/EGMs or otherwise communicating with the BOD to implement measures to these ends. Damille has already invested in a number of companies who have, in the course of 2 years, returned 100% of shareholders original investments to them via the release of dividends. The "speculative facts": • Damille Investments seek to buy out or heavily invest in companies to push their motives for shareholder returns. • Damille Investments currently hold 17%. • There are currently 13% of the shares in issue that are yet to be officially allocated to an owner. • A formal takover bid is required at 30% holding. • EP Cayman have also recently disposed of their holding, on apparent good news - could this be to make way for Damille? This is of course pure speculation, but I'm starting to see a clear path of intent emerging from this situation. Let's hope for a nice simple takover bid to make some quick money, would be better than a slow realisation of profits! Watch this space!

Pretty much having a conversation with myself in here at the moment. No matter, I'll treat it as a sticky note for myself lol.. No RNS yet but looking at the trades, its almost a definite that EP Cayman have sold the entirity of their remaining 4.67% holding of 3,836,550 shares. At a best guess from previous RNSs and graphs, Cayman only bought in at around 68p (their May/June holdings is the first one I can find, but it says they owned the same amount prior to the transaction - an error?!). That would "only" give them somewhere around 10% profit. With the apparent future potential, and "co-incidental" huge buying going on at the moment, it seems possible that a more serious, more interested party has bought the shares from EP Cayman. Since there has been no RNS yet describing who has purchased the 13,300,000 shares, along with Cayman selling off a further 3,836,550 today, along with the fact that the past 2 days have seen the biggest volumes in 3 years, and that hasn't moved the SP more than 0.5%, I'll go out there and say it appears someone is building a truly huge steak in BLCK and aren't quite finished yet. Eye's peeled for for delayed trades and then an RNS. Something, or should I say someone, is afoot. If it's all one and the same buyer (Damille Investments?), it could even reach a level where a formal take-over bid is required.

I have just noticed there has indeed been a holdings RNS, but for a sale not a buy! EP Cayman sold 2,916,766 shares on the 21st/23rd of Feb. This brings their holding down to 4.67%. Wonder why they sold out on apparent good news, unless they sold out to provide room for another II? Another interesting thought is that despite the £1.4m sale of shares on the 23rd, the share price didn't fall a single pip. Is this being held at this level for a reason? The £12m buy on the 21st also barely moved the SP - a mere 0.5%. I'm putting my money back into here hopeful for some long term bagging! **** those £20 commission losses, this looks interesting.

MGV, I haven't really researched, but are currently planning to carry on their "unbundling strategy" to generate revenue for shareholders by selling off their profitable investments, so due a rise hopefully. Their 3 year chart looks healthy, especially considering last year was loss-making and this year is profitable again. From what I have breifly seen, MGV are currently undervalued. Add this to the fact Blackstar are also apparently undervalued, and it seems the future it bright for Blackstar. Might not see any big action for a while, pending the transaction/further news... However... watch this space! Feb 21st trades alone tell me something good is gonna come this way. £12 million is NOT a punt!