Member Info for Rhambo

Well didn't see this pump coming, 285.7 at the time of writing so may get stopped here, which probably means it'll tease 287, stop me, and then plummet into the 260s for the close!

Created a new short on this@ 272, SL 287, TP 250.

I can't believe the chap from Better Capital said the SP had gone up over the past year when asked how Better Capital was doing this morning, I thought I'd check it out, the guy just told a flat out lie on the radio!!!

Enormous short position taken out by ODEY Ass Mgt in past few days - 5.2%. Another 1.68% taken out the day before: Discovery Capital Management, LLC ASHMORE GROUP PLC GB00B132NW22 1.68 2014-12-16 Lansdowne Partners (UK) LLP ASHMORE GROUP PLC GB00B132NW22 0.63 2014-11-19 ODEY ASSET MANAGEMENT LLP ASHMORE GROUP PLC GB00B132NW22 5.20 2014-12-17 Figures look pretty grim from the Oct IMS - looks a bit of a slam dunk short this so I have opened one today.

Range between 180 and 200 for a prolonged period. Long at the moment, looking for 200 possibly 205.

P.s. if the predicted discount cash call does land, you may want to revisit based on cashflow and contract wins... it may be a stronger investment at lower levels with cash. NIA DYOR IMHO and all that.

I would have done the same, pretty solid profit. Good job.

Hello Sidam, I thought their CAPEX/cost justification is particularly clumsy. They state net ouflow of £15.2m and justify it by saying: - £8.2m CAPEX - fine, nothing unusual - £10.7 operational capital movements THen you think ah, £18.9m that explains it, but then tacked on is the £6.5m royalty drawdown which reduces op capital exp to £4.2, so that's only at £12.6m outflow. There are obviously other cashflow pressures therefore that are pushing this into the red by some £2.6m or so. Yet, there is £9m loss on operating profit, with £62m going on R&D. Where's the money come from for this? I'm not sure it's realised revenue, it's stayed static year on year which suggests to me a static accrual of licence income and WIP rather than realised revenue. Source of the cash? The original £38 mil placement, a small proportion of licence fees and overdraft facilities (which we already know from this RNS is the main source of cash reserve). I'll be damned if there's not a placing here in the next couple of months.

I see a chunky exit from Kames Capital today, IIs abandoning ship on this scale is never good. Also key phrase from SP movement RNS missing: where is the "board knows no reason for SP movement" statement? It just gives a vague trading update, where is the denial of the reason?! Do we take it there is a reason that it's weakening an Kames are leaving?

Actually found the cash bit now: "There was a net cash outflow of £15.2m (2013: outflow £64.3m including MIPS tax payment) as a result of three main factors; £8.2m relating to capital expenditure and in particular the Group's property facilities in Kings Langley, £10.7m relating to working capital movements due to the timing of royalty receipts, partially offset by the inflow of £6.5m from draw down of the RCF. Cash resources as at 31 October 2014 were £5.2m (30 April 2014: £19.2m)." I appreciate the investment, but so do all companies, this is a really heavy cash burn for a company already reliant on bank facilities. I still believe a cash call is going to be necessary to take this to the next stage, at a discount.

Just further to above, presumably because the cash position is grim. take these from the June finals: Cash generated from operations before working capital of £28.3m (2013: £34.0m) o Net debt of £5.0m (30 April 2013: Excluding MIPS tax liabilities £10.7m) o Cash of £19.2m. Bank facilities renewed to 2018 So basically this company has been surviving on overdrafts and we know from the half yearly that revenues & profits are sinking. Presumably there has been a cash burn and costs have increased approx 10%. It's making a reported loss and only has the adj. profits from depreciation of assets... Ergo this baby is running out of cash and will need a placement soon.

Hmm.. Adj. EPS down Adj. profit down Revenues down No cash figures No cost figures Lack of cash and cost figures a massive red flag for me. Looks like a solid short.

Strong correction over past few days,but strong bounce yesterday for SHP. Poor sentiment on a macro level this morning, however SHP once again seems to have ridden this pretty well. Be interesting to see what happens at the US opening bell and whether sentiment can drag this down again.

Agreed, think it's being propped up at the mo by II buying trying to bide some time for a market turnaround. Once that stops, the floor caves in.

Also I think on a macro level there's a global correction happening similar to a few months back, should see this bashed about a bit.

Short from 4424. I did a small one around 4475 but got cold feet, so missed a chunk from 4460-4424. S/L to break even now.

Got out my trade with v small profit at 4600. Tempted to hop on the correction/consolidation bandwagon short here

And yesterday was a good recovery day, it has been frustrating that a lot of consolidation has been happening in the 4500s this week I had seen it motoring to 4650-4720 by COB tomorrow. Still possible if today's a stormer.

Not the best tbh, it's 4575 but I'm only here on a CFD long rather than LTH @ 200 shares so it's not massive position. That said looking at price action since I traded it's only dipped to 4519. TP is 4950 and SL is 4400. I will need to get something moved over then 10ish trading days otherwise financing costs start to make it less worth holding.

Another strong broker rating - 5200 :)