Member Info for optimist13

I suppose you can't win them all. I'm sure you will make the loss back pretty quickly. Good luck.

someone has just sold the shares they bought on Monday - 11,427 @ 5.50p for 4.30p...ouch!

..a few stale bulls who may now take the opportunity to move on. I think that will be a big mistake given the improving position. I would recommend that any new holders read the final results very carefully. It all points to improving cash flows and profits. Also, look back at how much the directors have paid for shares.

a bit more interest here. Very restricted buying at the moment, and with the Interims due next month which should show a significant improvement over last year, there is scope for a sustained rise in the share price. You only need to look at the market cap versus the net assets to appreciate how undervalued the company is.

the MM's must be desperate. Marking up the shares at the close last night and moving them back down this morning to make it look like there is a 10% drop, when in fact there is no change. I will wait a little while longer just in case they manage to persuade people to sell before I top up further. IMHO, this is now a strong buy.

Bodes well for the short term in my opinion. I can see the majority waiting for the Interim results next month before reviewing their position. Any buying prior to that should move the price up quite quickly.

Agreed, but for those who have done their research, they know the good news is coming. Debtors are falling, costs are reducing, revenues are increasing and the cash position is improving. Many people have taken fright by the continuing rise of the trades and other receivables, and once it is confirmed that they are falling through the revised terms with the banks and the changing customer profile, buyers will return. This is still a profitable company and the shares should be trading at much higher levels. I have checked back over my records and first bought shares here in 2009 at 24p. We have not seen any dilution and there is no reason for the shares not to return to those levels.

The offer price remains at 4.00p, but the bid is up to 3.35p now. This could rise sharply on the next RNS release.

on the BSST front. Who will move first, buyers or sellers. I don't think it will take many more buys to move this further north and those waiting for a retrace may miss out. The joys of the AIM market!

It would appear the MM's have been discouraging buyers today with the offer being raised to 4.00p. Can only assume they are desperately short of shares and are anticipating some people may sell from last week. Looking back over previous years, there have been contract wins announced or a trading update around this time. If that were to happen we could see a hefty increase in the share price.

I am not a 'chartist' but looking at the recent history, it looks like the next level is 5.00p. Once that is passed it should virtually double if the Interims show the improvement indicated.

Offer now at the full ask and the bid is up to 3.18p...could be going higher today.

I agree with your sentiments. Also, I was looking back at the Interims for last year which showed a loss of £500k, cash of £2.0m and trade and other receivable of £29.3m. The loss for last year was put down primarily to the rising hard disc prices following the floods. Given what has been said in the final results and at the AGM, I would expect to see a profit at the Interims this year, an improvement in the cash position and a reduction in the trade and other receivables. The next few weeks should prove to be quite interesting.

Yes, buy currently 3.80 v sell of 3.00p. I wonder if something is going on in the background we are not aware of. The MM's will clearly have to lift the bid price if they want to attract any sellers.

what today will bring. Looking at the results for last year and the expected improvements in performance for this year, I would expect a profit before tax of circa £1m for this year. On a p/e of 8, this would give a share price in the region of 9p-10p. The share price still has a long way to go in my opinion. Another point of note, there has not been any dilution since the company listed.

You seem to have timed your purchase well. I think this could be the start of the retrace as I can't see many people selling at this level. Good luck.

they have moved the ask up and you still can't buy any. The MM's must be desperately short of shares, or am I missing something?

If you read the results, it would appear that the worst is over for the company and they are expecting to return to growth in both revenues and profitability. Add to this the improved terms from their debtors and a reduction to the amount of debts outstanding, you would expect an improvement in cash flow also. The company has net assets of £29m and a current market cap of just over £2m. This clearly has been priced to go bust and does not reflect the improving fortunes of the company. It will be interesting to see where the share price goes to once we have a clearer picture from the Interims in November.

any shares on-line at the moment, except by negotiated trade!

Given the lack of sells versus buys you would expect to see a continued rise here. With a current mkt cap of only £2.09m, this has a long way to go to get anywhere near a sensible valuation.