Member Info for OsullivanB

The lowest this century was 6.25p on 21st April 2003.

Please help me with this. A number of posters have pointed to the NAV of SHFT. This is, I think, £36.6m. This includes over £42m for property, plant and machinery, and over £1.5 for goodwill. The auditors report for 2013 stated: "There is a risk over the recoverability of the Group’s fixed assets and goodwill as a result of the current year performance and trading outlook." A further £2m+ of the assets are intangibles, being development costs capitalised. My question then is, given those facts, and given that the market for SHFT's plant and machinery may be fairly small (given its nature and location), is there any real strength in the company's balance sheet?

Does anyone have an insight into the fairly sudden substantial drop in the share price? I bought near the top as I thought the company ha a good business model with solid barriers to entry My stop loss has taken me out and the price has dropped further since then.

The US cannot stop CFDs for the very simple reason that they are already illegal there.

The problem for me is that holding or buying OPAY now is at least in part a gamble on what the US legislature will do. As I cannot predict that, I have chosen to sell, lock in my modest profit to date and await events. If US internet gambling survives this attack, the prospects for OPAY are superb, and I regard the possibility of paying a premium to share in those prospects to be a small price for peace of mind during the current uncertainty.

Thank you

I keep looking at this company but I can't really understand exactly what it does and why it should flourish. I have a gut feeling that it may do very well, but hesitate to invest until I can convert that gut feeling into something more rational.

in today's Investors Chronicle has probably helped

Thank you

You wrote "I place a strong buy on the bottom as soon as it starts to re trace up past the lower lever on the candle chart". I would be very grateful if you could explain what that means here.

I would check with your ISA manager, but I do not believe you would have to do anything. They would either continue to be within the ISA wrapper or would cease to be within it. However, if you want to sell the shares but keep the funds in the ISA, that would need careful management and needs to be discussed with the manager/broker.

If the planned changes to the law is already in effect when PYM lists on AIM, then, like other AIM shares it will remain eligible for ISA inclusion. Otherwise, just transfer them out of the ISA, if you wish to continue to own them.

EuroChem From the IMS "As we have announced previously Shaft Sinkers terminated its contract with EuroChem with effect from 20 April 2012 following a suspension by the client of our grouting efforts. In October 2012 Shaft Sinkers received a notice of arbitration claiming an amount of approximately USD800 million (GBP495 million). We have reviewed the arbitration claims, and after extensive consultation with legal counsel, continue to believe that the claims are without merit, and are contesting them robustly. A claim for a net amount of USD15 million (GBP9.3 million) has been filed against EuroChem for amounts still owing under the contract."

There is one.

It seems to me the Russians have the better starting point. "You promised to drill a shaft and did not. If there was a problem with the terrain that problem is yours not ours. You are the experts. That is why we hired you." After that it's a question of exactly what the contract required and what it excused.

I have invested in a company that specialises photo-booths. I am not sure that I would ever have invested in a company with a business plan of putting coin-operated washing machines in car parks and shopping centres. I think PHTM should have returned surplus cash to shareholders. If it wished at the same time to invite them to invest the cash in a separate washing machine venture, all well and good, and I would then have considered that quite separate investment opportunity on its merits. I very much liked by photo booth investment I shall now have to think about whether I want to join in the proposed new venture. I suspect that I may become one of a considerable number of sellers. I don't know yet. I researched PHTM's business quite thoroughly before investing. I do not yet have any information to judge the revised business model. When I first read the proposal I checked the date, but it wasn't April 1.

This is certainly so, provided the shares are listed on another exchange's main list they are eligible for ISAs though on the AIM in this country. However, I have checked and SHFT are listed on the main London exchange.

Isn't SHFT a fully listed and not an AIm company?

I entirely agree that the shares will be marked up straight away, but my expectation is that there will be much more to come as the shares return to true value absent the Eurochem threat.

The problem is that this share has become a bet on the outcome of the Eurochem litigation, which it is completely impossible to predict. There is no information on which to base any such prediction. I was about to buy this share when the downtrend started. Had I done so, I would undoubtedly now hold it. I will watch it like a hawk. I think that there will be few big investors while the litigation remains unresolved. So I cannot see where the impetus might come from for an early significant rise. However, any good news about the Eurochem situation is in my opinion likely to take time to impact the share price. I would then buy immediately on reliable good news and expect bigger inestors (who can really impact the price) to take a few days or even weeks to weigh in.