Member Info for optimist13

I was impressed by the trading update this morning and the increase in order pipeline. The volume of shares traded today was the highest ever volume, and as most of these appeared to be buys, or B&B trades, it does look promising. The worry is whether there is sufficient cash to see them through to positive cash flow. However, with a minimum of 3400 Units from India and Spain in 2011, and the likelihood of further contract wins in the near future, a small equity top-up would be supported IMHO. I purchased today, and will watch with renewed interest!

I have watched this company for some considerable time and decided to buy a few today on the dip. If I am right, the company is making profit and is cash flow positive, albeit at a low base. They also appear to have some good contracts and several patents covering their products. Are there any long-term holders out there who can give me a heads-up? All contributions greatly accepted. Thanks.

I am a long term holder of UVEL, and wondered where you heard that the Shopping Mall was going well. It should be completed now, therefore can you shed any further light on your source?

Like you, I am a long term holder of this share. To answer your question, IMHO you will get back all of your money and make a profit. When LeaderSmart is re-consolidated, the NA's will be circa £6.5m. On completion of the Shopping Mall, they will be able to repay the loan to Mayne and de-risk the balance sheet considerably. Stripping out the impairments and interest payment on the loan, they made a profit last year. The company has stated that they have /expect new contracts in all areas of the business, therefore if you assume a return to the previous growth path in revenues and profit, the position changes dramatically. There is no reason why they could not make a profit of circa £2.0m in the 2010/11 trading year, as this is only a slight increase on what they achieved in 2008 on a much smaller turnover. On a p/e of 8 this would equate to 4.01p, or 1.2 times NA's. If you have waited this long, you may as well wait a bit longer, that is what I intend to do.

If you copy and paste other people's research, you should at least acknowledge it !!

The shares were not purchased, merely transferred by W Weston to his company. He is a long-term holder in this share and also holds circa 15% of Westside Acquisitions who are a major shareholder in Astek. I am a long-term holder of this share, and like you am very frustrated at the performance. I do believe however that the next financial update will confirm they are cash-flow positive, which IMHO will allow for a re-rating of the SP