Member Info for phil01

Need to look deeper to understand the share action. It is definitely not because there are a mass of people exiting that is forcing the share price, (you can only sell 25k). There are plenty of stock on the sell side so it is one of the big holders getting out (a big block of sell). MM have to make market ... PI are not buying and a large holder is wanting to sell so the price on the sell side is dependent on what price the big seller is willing to take. The reason for the sell no one will know , it may be due to change in policy , (for example due to change in policy Bank Of Scotland had to sell all their aIM holdings and they offloaded over 50Mill shares of ENRT. This drove the share price to below 1p. The difference in that is that and here is that MW was a big fan of ENRT and his readers and other PI were able to but most of the shares sold off by BOS. Now a few MW readers have a share holder of over 3% in ENRT]. In this instance we do not have a MW so were are in the dark as to who is selling and what their reasons are. However no matter what their reasons are for selling , it does not negate the fact that their actions has depessed the share price, ( for almost 2 months now), at a time that the company can ill afford the share price to give an impression of a compny going backwards for any person that did not take the time to dig deeper.

Will advise when I will post my email on advfn. A bit of a worry at the current price. Not really too worried long term but will not say that I am jumping up and down with joy either. Not in the camp that view price drop as a buying opportunity ... may well turn out to be so but not what was being wished. My immediate reason for concern is the fact that the price has dropped below the psychological barrier ..which is the par price for the share. They can't legally issue shares at less than the par value which is 1p ...hence it may prove difficult to get the fund raiing off the ground. I have seen instances where events conspire against a very good technology. In this situation investor sentiment and price action may force the company into a situation where they could not raise funds. Irrespective of how good the technology, if they can't get money to push the technology over the line where it can start making money then they will have to fold. I however do not envisage folding as an option because the technology is so good and the services that require the technology are just starting to become mainstream. Worse scenario is management buy out or a take over by a competitor. The IP is worth more than the current market cap and they have spent over £40M developing the IP. Not saying that that any of the above will happen in this instance...but for me it means that a new risk which I did not identify yesterday has now come into play and needs to be managed and monitored If the company can navigate this uncharted waters to next year then we will have clear blue waters in front of us. Everything is pointing to profitability from next year,...operational break even from H2 this year. What we have here is lack of PI demand for the shares, with a major share holder wanting out for whatever reason ... so there is more shares than the PI can absorb and that is putting a downward pressure on the price. Unfortunately they need an upwards price to attract new money to take them through the expected profit stage. A lot of PI remembers this company when the price was much higher and made a significnt loss , so they would take a lot to be convinced. Management made the mistake of listing the company when the technology has no value, in terms of services/needs that the technology will serve...hence for the last few years they had a technology without use, no demand. It is a pity that now when demand for the technology is arriving ... peoples memory is of where the company was 3-5 years ago. ENRT had similay path and still has a very vocal group who a vehemently against the company ..some of these group whjen price was over £5 and watched the share price plument to just under 1p. Now with demand established , moved from less than a penny to over 7p in less than 1 year.

As for placings ...it is not too straight forward for me. I am one of those people that is always fully invested. I am not really puting new money into the market just shuffling my investments around. Depending on events elsewhere in my portfolio and timing of the placing, if after June for example, I may be in a position to move funds In that scenario I would love to take part in the placing ...nothing earth shattering but possibly 10Million shares at par. I would not mind chuking another £100K into this share. I am that confident that the money will be well spent. The placing price can't be less than 1p so I suppose buying shares at 1.07p a few week's back is not a bad thing. Other thing to consider is how far advanced are they with negotiations? If they are close to the finishing line then they may wait till results of the negotiations is out then do a placing at a higher price.

Sorry Just saw you post now. I kept away for a while as there seems to be a few impatient investors that were disappoinbted by the RNS. I just gave them their space to vent their disappointment ... each have to make their own judgement call. Now my take.... For me nothing has changed , ( sorry make that things seems to be comming together nicely), ... we knew the H1 results will neutral at best, due to the order delay by the two two major clients. This two client have now started placing orders so the H2 results will not be impacted. Hence H1 results nothing unexpected. Note however the the shipmtment of GPS ,outwith these two clients grew, though I was hoping that it would have been double digit growth. The new contract announced with the update is significant ... will contibute more than $1M annual revenue:==> .. so this is a re-occuring annual income. In order words starting from 2011 we expect to get a YEARLY income of more than $1Mill from this contract. Added with the earlier development contracts which we expect shipments from 2012, it appears that things are shapping up very well. In conclusion I think the results for H1 is not unexpected and the contract that was announced is significant ... more than $1M annual revenue just from this single contract. Updated Reseach Note for Edison: The Edison research notes puts more meat on the bone and presents more forward looking information that was previously available in public dormain. 1. Company in negotiation with clients which may lead to mass uptake in the camera market. The tone of the research note leads me to think that the negotiation is well advanced. 2. Company has hired a sales rep in Japan to go after these opportunity...strong staement of intent by company. 3. Company would consider licensing options dependent on volume and how quick the clients wants ramp up... ( clearly indicates that this option has been discussed with the big clients that they are in discussion. It also provides an indication of the volume that clients may need .. SLG production capacity can't cope with huge demand volumes so the licencing option seems a way to get round this) Personal view: Negotiation with big corporations takes ages , (some may take up to 7 months), but I will expect an announcement this year ...can't be specific as I don't know when negotiations started. problem with licencing option is that you get peanuts for each module but the big volume makes it worth while. Price Action; Too many people are either chasing what is hot today to bother with SLG. Toomany people that are in SLG have been here when it was over £1 and so suffering a hefty loos hence market sentiment is against it. For anyone with a 18months window upwards ..I can only think of another company that have the same multi-banger potential and that is ENRT. I am not disappointed by the price ..in fact if it can remain this low till about end of June.. hopefully I c

I had another check on the quality of the management and their other current as well as past directorships and was gob smacked. These guys are heavy hitters., ARM holdings, Imagination technologies, Digital Equipments; RF Micro Devices, Symmetricon. These guys will not be hanging about if they do not se a good prospects for this....they would not be risking their reputation on a turkey. I will contimue to accumulate, just wish the funds will become available quicker. IF some of my shares will do something this month then I can try and push more money into this.

You may be right...mm may think they know something that will cause teh share price to rise. Previously you can buy 1.5Mill no probs online at 1.07p without budgng the price, you can only sell about 37k online. This morning I did a dummy trade and you can only buy 500K online at 1.29p but can now sell 350K at 1.11p. MM seems to have appetite for more stock now. Lest see what this month brings .... results must be published latest end of June. I was actaully expecting a depressed result for this half due to issues with the 2 major clients announced earlier. If the results however is semi decent even with the afore mentioned issues then it bodes well for the rest of the year.

Not sure why the price is nudging up. Previously you can but about 1.5Mill easy online without any movement. The buys today comparatively is not that much and yet the price nudged up on a down market day? Not that I am complaining. If it goes up good and if it stays low then I will continue accumulating as funds permits. I don't see any risk of this going bust .. and even if they need to raise extra funds to tide them through to profitability ... the lowest that they can issue shares at is 1p , which is the par price for the share. As of yesterday you can but at about 1.07p so the downside is very limited.

Sorry, I do not use level 2 info. Mu judgement is purely based on the fact that you could buy 1.5Mill on line but can only sell about 37K. Thus mm must have plenty of stock to sell and clearly do not want to buy any. Just surmised that they must have the stock from somewhere. Based on the the fact that I believe that the company will be at least breakeven by next year, I am accumulating with a long term hold view.

Added a few today and will continue to add if funds permits. Someone is dumping, so I don't expect my small purchase to make any difference.

Just added another 300K @1.07p Seems cheap... but SLG is struggling with the baggages of its past and hence low sentiment. Most people are sitting on the sidelines with a show me the money attitude before coming back in. Definitely not for widows and ophans but the risk reward is good for me. DYOR ... not for the weak constitution or anyone that worries about daily share fluctuations .... shares may well drift down further on weak demand.

Sorry for late reply but I don't usually live in the lSE board. I am usually on iii and advfn although those boards are like mouges. The 1 mill buy was not me. Currently I only hold 3 Mill at an evearage of 1.25. Unfortunately I diverted the funds that I was going to put into here somewhere else. Think I am an investment junkie... if it is available I invest. Regarding the board. they were bullish but then a cynic will say that they have to be wont they. I however do believe them not just because they said it but becauise events seems to be proving them right. >>> Good traction in the security and military space. Developments contracts that are being won today will possibly take about 12-18 months for full procduction. Military won't be paying good money as part funding if they think the business is going to go under in a year. Besides part funding a project implies that you expect that company to be supplying you that product whenever you have demand for it. ... and paying over 300K to part fund a development project means that you are expecting to sell a heck of a lot of teh product. You need a profit of at least 300K to break even when you consider the amount you paid to part fund the development. Hence my expectaion is solid improvement , greater %age of TO from high margin products , [military], increase in customer base. If breakeven this year then great but my investment is not based on that. For next year I expect profit. Benefits of the contracts with military suppliers starting to be more obvious. Some gains within the consumer space. Increase in demand of for positional accuracy by consumer products. My personal view is that by this time next year you will be paying at least 5p to buy these.... now I have stuck my neck out.

The Rumour is circulating freely in iii though nobody seems to have a definiive answer. Anyway I hope it is not true. I am hoping to ride this for at least 2 years and the results will be life changing. Anyway they could bid but whether they can get acceptance of the bid is another story. Been here too long to let teh shares go for a song now that we seem to be coming out of the woods.

Price dropped down and I was offered 1mill at 1.09 and i thought that it might drop further .. now for wahtever reason teh online quote has gone up to 1.25p??? In less than 3 minutes after I was offered 1mill at 1.09p???

EDIT POST: Not sure you can edit posts as you can see by my spelling mistakes.... but other that live on LSE site may correct me .. as I only post here on rare occations.

Apparently, news circulating about some new investors ..interest in 2K process from Scandinavia and Germany. Don't shoot the messenger I am just repeating the gist og what has been said. I do not have a first hand information to confirm this. Would imagine all will be clear in the report due out in April.

If the share price runs away then I will live with it as I already have quite a few. At about 1.1p , I thought it is too good an opportunity to miss. I seem to be doing well on tech stocks that were ahead of their time so have lost significat value as investors gets disillutioned . So long as the company does not go bust before the technology becomes relevant then they usually do well. One case in point is ENRT which is now just about starting to reveal its worth. I am already more than 200% profit in that and it will be £1 stock in time...if we are not taken out before then. The uses are endless for the technology and it also ticks all the boxes now that GREEN is the buzz word. You may want research that ... not an investment advice .. just a pointer as you seem to have similar investment criteria to me. [ Share price now just over 5p You could have bought for 1.2p about 7 months ago].

This is a bummer.... not least pleased. I just released money to buy another 1Mill yesterday then the price ticked up. I was hoping that it will drift back today and look what has happened. My assumption was that teh SELL was due to end of tax year capital Gains planning and I was hoping that whoever is selling will get desperate and flog the last of what he needs to sell by Monday to meet the 5th April deadline ... my hope was that this will force the price lower and I may pick up more shares on teh cheap. Looks like that is not going to hapen now.

GedW, I am afraid that I am not as pessimistic on this share as you are. Personally I believe that this is an opportunity to buy at a low price. The baggage that seems to drag down sentiment for SLG is it's past. In dragging back its past history many peple seems to forget the market place that the company was operating in. There was never any chance that SLG would have made it 2 years ogo or even last year. The technology was ahead of the services that needs it. It is only when technology and demand meets that any high tech company takes off. As I stated ealier the mass market will not adopt a more expensive antenna just for the hell of it ... reduces their profit margin. Only when demand for a much more accurate location fixing comes along will they trade up to the more expensive component. I remember when MEDIA Content came along ... the first company that introduced the streaming of events etc over the internet. The company went belly up because the technology was ahead of the curve. For a start at the time there was no broadband only dial up and no body in their right mind ever thought that a few years latter every thing will be geared to internet ... Watch a film , stream a live event etc. In the case of SLG ... demand is just catching up to the technology. It is unfortunate for those that invested earlier and lost a packet but they should maybe have considered what application in the last 5 years that have a real neccessity of pin point GPS fixing.....NONE. hence irrespective of how good the technology .. if there is no demand for teh output people should not put money. Currently all I can think of is Military and Security and Emergency services...and SLG seems to be gaining traction on these areas. I think we are at the tipping point and in two years we will be talking about location based service as if it has always been there. A bit like internet ..people refer to it as if it has always been there ... irrespective of the fact that it is just about 12-13 years old and. {Prior to that all that existed was corporate LAN/INTRANETS for the large cprporations}. Anyway that is my ramblings. I am a holder and will be accumulating as funds permits so my view may well be biased ..but they are my honest reason for investing and thinking that there is value here. Further more I think the price action currently is triggered by end of the tax year planning by corporations and individuals. That theory will be tested, validated or repudiated next week once we enter into the new tax year.

Both the customers that were having technical isssues have restarted ordering. ...Confirmed by SLG CEO in the last interview with proactive investor ... last week I believe. Should se the interview on proactive investor web site. I am looking for much more than 6p in 2 years time. In fact I am looking for 6p in 12 months time. In the interview prior to the last by proactive investor ... CEO confirmed that several Japanese camera company were interested in their product .....not sure how the sad events in Japan may have affected this prospect. I also have a hunch that the supply of shares will dry up once the tax year ends. ... I am going under the assumption that whichever institution is selling is doing so as an end of tax year balancing act. >>> Using losses to offset gains before capital gains assessment. If this is true then once the new tax year starts there may not be any futher advantage in selling up now ....so they may keep hold of whatever is left. Irrespective I added 1Mill on Friday at a price of 1.08p. If funds permits I will keep accumulating.

Iam sure they were buys. You can buy at a touch over the bid price , (well below the mid price), and they all show up as a SELL. I am sure that one of the big holders is dumping... as there seems to be an infinite supply of stock and mm are trying to get rid of them at just above the bid price. I do not know why a big player is dumping , .... may be end of tax year balancing: They may want to crystalise the loss and use it to offset their gains elsewhere and move on? Anyway I am a believer in this technology and think the real issue was that their technology is ahead of the demand curve. No point a mobile phone company paying more than required for a precision antenna and reduce their profit margin when they could get away with using a cheaper alternative. Demand by users and need for location based services will eventually mean that to compete the phones will need to use a more accurate antenna. ...that day is fast approaching. Until then, the military and security services who are willing to pay the premium to get that level of accuracy are the main customers now. Sarantel seems to be doing a good job of displacing established suppliers to these customer group as the preffered technology solution. The traction being gained in this space will soon start to show up on the bottom line, as each development ramps up to full production. [ On 23/3 Online limits were BUY up to 2.5Mill shares SELL max 50k, last Friday BUY up to 1.5Mill SELL : 25k max online >>> Clearly mm was trying to get rid of the line of stock that they had and were not willing to take more on. Hence I tend to think that most trades 200K or over must be a BUY]. I am fairly confident that within a 2 year time frame this company will not be recognisable when compared to today. Once location based services catches on ... there is really no other serious competitor to SARANTEL. No doubt about the quality of their technology, ... the question is when will need meet a technology that seems to have been developed ahead of need. >>When will the demand for services that require pinpoint accuracy mean that manufacturers are forced to move to the only atenna that can deliver, irrespective of the cost differential. Without this driver, manufacturers will not willing use a more expensive component and reduce their profit margin,(turkeys don't vote for Christmas). Investment here is thus, either buy now and sit tight or hope that you could time the inflection point and then jump in. Inflexion point is however a lagging indicator and you will only know when it has passed. By then the share price would have been at least 5 x today's value. Anyway that is the end of my rambling. WARNING: I HAVE A HOLDING IN SARANTEL AND HAVE ADDED MORE LAST WEEK. >>>TREAT THESE VIEWS AS BIASED. NO INVESTMENT ADVICE INTENDED. >> THESE ARE JUST MY PERSONAL OPINIONS. ...DYOR etc.