Member Info for positiveframe

http://news.stv.tv/tayside/313236-stagecoach-to-invest-80m-on-470-new-buses-with-many-from-adl-in-falkirk/

Also total Assets were reported as £40 million. Sales growth projections are up with significant sales forecast. Excerpt again from the 2014 report about global sales projections : "The integration with our parent company, Ashok Leyland, continues to grow in a number of key areas through synergies with its international operations for export opportunities and product cost reduction within the Ashok Global business. We are confident that this will result in an increased presence in new markets and lead to the conversion of major contracts into future sizeable orders through the Ashok Group’s extensive global sales network"

NO FINANCIAL COVENANTS ARE IN PLACE REGARDING THE BULK OF OPTARE'S DEBT AS IT IS BACKED BY A GUARANTEE FROM ITS PARENT COMPANY. THE BANKS ARE CONFIDENT. Excerpt from 2014 Annual report : "The Company was successful in restructuring its debt in June 2013 to provide total bank facilities of £23m. These are structured into a term loan for three years for £15.0m backed by a corporate guarantee provided by Ashok Leyland and an overdraft element of £8.0m, which has been renewed and now falls due for review in June 2015. There is a fixed charge on the assets of the Company following the re-negotiation of facilities in June 2013. Both of these facilities are placed with Barclays Plc. Due to the corporate guarantee, no financial performance covenants attach to these facilities. The Group also has a £5.1m short-term loan facility from Ashok Leyland as at 31 March 2014, with a 30 day notice repayment subject to banking covenants. These facilities have been rolled forward until December 2015. The Directors are confident that the assumptions underlying their forecast are reasonable and that the Group will be able to operate within its current funding limits arranged with support from Ashok Leyland. The Directors believe that the Group is well placed to manage its business risk successfully.

Makes me more & more confident this company is going places. What a load of bs on here.

http://www.croydonadvertiser.co.uk/Number-312-South-Croydon-Norwood-Junction-London/story-26111808-detail/story.html

into shares can only be a positive sign, even if it is having a temporary negative effect on the sp ? Comments ?

https://twitter.com/DCDMediaTV

http://www.greentechmedia.com/articles/read/how-hybridization-can-boost-the-economics-of-energy-storage

Parent company seems to be doing well enough. And majority of the debt is guaranteed by them. http://www.rushlane.com/ashok-leyland-q3-profit-growth-12142825.html

I read it again on Wednesday & decided to pull out. It's basically saying 2 failed deals have cost hundreds of thousands of pounds and so now there is only enough money left for a small deposit. It clearly says a placing will be done to support the next, and looking at the amount of money left it will have to be one hell of a dilution. I'm out.

It doesn't make me unhappy Shaz2hot, a little entertained to tell you the truth. Just because you've guessed a few right in the past doesn't make you a stock picking genius, and I'm sorry I just don't believe even if you had inside info you would be foolish enough to post it here. People believe you because of the gamblers fallacy, that all it is.

It shouldn't matter a great deal anyway, according to Frost & Sullivan : Frost & Sullivan Senior Consultant, Jonathan Robinson comments: “As oil now accounts for just 5 percent of global electricity generated, and in many countries it is 1 percent or below, it is just no longer considered a viable option for electricity generation.” In contrast, solar photovoltaic (PV) is currently judged to be the hottest of the renewable technologies. Frost & Sullivan forecasts that the global solar PV capacity, which stood at 93 gigawatts (GW) in 2012, will increase to 446 GW in 2020, with China, India and North America recording the highest growth rates. Even the global leader in solar PV, Europe, will see capacity double by 2020, despite reductions in incentives during the financial crisis. Incentives though are becoming less and less important for a number of key renewable energy markets. For instance, commercial solar PV in North America is increasingly becoming competitive against centralised generation, despite reductions in feed-in tariffs."

Electric Vehicle Refuelling System would be very nice, is it still at r&d phase ? http://www.redtenergy.com/applications/electric-vehicles

Shaz2hot, you say you don't post much but you have posted almost 300 times just during the past month on Sable Mining (SBLM). Advising people to buy it in between a range of 1 - 1.3p is hardly Mystic Meg stuff on a share that is 90% down from 10p a year ago. If that's your best tip from the big boys in the city thanks but no thanks.

Positive newsflow, only 14 million shares, low market cap. What's not to like ?

Well, the rabbit warren runs deep, but there does appear to be quite a bit of upside here, although admittedly still questionable at the moment. First of all, the RNS for agreement to services specifically mentions Melken Group (not Merico), although Merico was specifically mentioned during the shareprophets talk by Ivan Couchman. It seems clear then that Ryan S Thompson is playing a major part in Insetco's near term future. The other company mentioned in the agreement to services is Quantus Income Opportunities Corp. Looking back in history at some of Insetco's older RNS's I have found in 2010 a life insurance administration deal they struck with a company called Dematco (link here http://www.investegate.co.uk/insetco-plc--inc-/rns/re-contract/201005261244165764M/ ) (and a news article from 2011 about their dealings here http://insurancenewsnet.com/oarticle/2011/12/19/dematco-announces-order-to-dematerialize-additional-%24100m-senior-life-settlement-a-315697.html#.VNpq3_msXuV ). The news article & RNS's sound remarkably similar to the recent announcement don't they ? Now the thing is Dematco who Insetco have been involved with in the past bought heavily into Quantus Group back in 2011, first agreeing to a revenue sharing deal (news link here ( http://www.hedgeweek.com/2011/10/04/132900/dematco-announces-revenue-sharing-agreement-hedge-fund-quantus-investment-corp ) and later that year actually buying into them (link here http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9s08q3fqRB4 ). So Insetco clearly have form dealing with these companies in the past. In 2013 Insetco recorded an impairment loss of £1.7 million regarding a reverse acquisition they were involved in with a Jersey based company called Saolpoll (link here http://www.stockmarketwire.com/article/4080196/Insetco-to-acquire-Saolpoll-in-reverse-takeover.html ). Was it this reverse takeover that caused their problems ? Does anybody know anything about Saolpoll ? Clearly, management were having difficulties in agreeing a strategy back then when the share price was in the 20's, 30's & 40 pence regions. We can only hope Ivan Couchman has a level of focus & integrity required to take Insetco forwards. More transparency would be good though. Canada and North America certainly seem to be the markets Insetco are targetting because of course there is also the 10% investment Insetco have made in the Canadian Life Settlement company Ontario Inc (link here http://www.morningstar.co.uk/uk/news/AN_1406807356719987800/insetco-acquires-10-stake-in-canadian-financial-services-business-.aspx ). It's difficult to understand the true nature of what's going on here, but obviously the fresh directorship blood is hopefully a positive sign. We will see. Any further productive research or comments will be appreciated.

Well, the rabbit warren runs deep, but there does appear to be quite a bit of upside here, although admittedly still questionable at the moment. First of all, the RNS for agreement to services specifically mentions Melken Group (not Merico), although Merico was specifically mentioned during the shareprophets talk by Ivan Couchman. It seems clear then that Ryan S Thompson is playing a major part in Insetco's near term future. The other company mentioned in the agreement to services is Quantus Income Opportunities Corp. Looking back in history at some of Insetco's older RNS's I have found in 2010 a life insurance administration deal they struck with a company called Dematco (link here http://www.investegate.co.uk/insetco-plc--inc-/rns/re-contract/201005261244165764M/ ) (and a news article from 2011 about their dealings here http://insurancenewsnet.com/oarticle/2011/12/19/dematco-announces-order-to-dematerialize-additional-%24100m-senior-life-settlement-a-315697.html#.VNpq3_msXuV ). The news article & RNS's sound remarkably similar to the recent announcement don't they ? Now the thing is Dematco who Insetco have been involved with in the past bought heavily into Quantus Group back in 2011, first agreeing to a revenue sharing deal (news link here ( http://www.hedgeweek.com/2011/10/04/132900/dematco-announces-revenue-sharing-agreement-hedge-fund-quantus-investment-corp ) and later that year actually buying into them (link here http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9s08q3fqRB4 ). So Insetco clearly have form dealing with these companies in the past. In 2013 Insetco recorded an impairment loss of £1.7 million regarding a reverse acquisition they were involved in with a Jersey based company called Saolpoll (link here http://www.stockmarketwire.com/article/4080196/Insetco-to-acquire-Saolpoll-in-reverse-takeover.html ). Was it this reverse takeover that caused their problems ? Does anybody know anything about Saolpoll ? Clearly, management were having difficulties in agreeing a strategy back then when the share price was in the 20's, 30's & 40 pence regions. We can only hope Ivan Couchman has a level of focus & integrity required to take Insetco forwards. More transparency would be good though. Canada and North America certainly seem to be the markets Insetco are targetting because of course there is also the 10% investment Insetco have made in the Canadian Life Settlement company Ontario Inc (link here http://www.morningstar.co.uk/uk/news/AN_1406807356719987800/insetco-acquires-10-stake-in-canadian-financial-services-business-.aspx ). It's difficult to understand the true nature of what's going on here, but obviously the fresh directorship blood is hopefully a positive sign. We will see. Any further productive research or comments will be appreciated.

Anything on Ryan S Thompson ? https://opencorporates.com/companies/ca/9117032

Decent turnover circ £60 million. Expansion into India, losses & debts yes but appears to have backing from parent company Ashok Leyland. Last results showed loss had reduced from £7 million to £4 million as cost cutting measures started to kick in. £15 million of debt (out of £25 million altogether) is backed by a corporate guarantee provided by Ashok Leyland, & as such no financial covenants are in place by the banks.

What were the conditions that have been met to allow CEO to be granted £350,000 worth of shares ? Presume it was performance based in some scope. It represented at the time around 5% of the market cap, so although disappointed with the share price drop it is understandable but now seems overdone. All of the details in the trading update looked very positive, especially as some orders have now already been taken for REDT batteries (albeit admittedly token ones so far).