Member Info for saintpeter7

Hi Vienna - I trust you are well and enjoying the banter with you know who? I note that the SP of Volcanic is yo-yoing between 54 cts and 60cts, prima facie consolidating whilst the moving averages catch up after the SP rose from 23 cts to 63cts over a short period of trading time. I am holding patiently, like you I assume, for our payday when the RTO is eventually announced.

will that first investment been held. As discussed, it could be any time, but I just wonder if it will be reasonably soon as I note that director Simon Parker increased his shareholding by 185K shares on 27 February. Why do that unless there is something in the offing? I know it probably only cost him about £11K, but at least it shows some interest! At least what can comfortably be said is that anyone buying at the current SP will see a very decent profit when a first investment is announced. Patience as ever.

Seller at 14.10 today (at least I assume it was a sale as it was at 7.20p when ask was 7.50p) or buyer at 17.09 today. Having said that, does anyone think that the trade at 7.20p could have been a pre-arranged buy?

Must mean ask is going up a tick as has just happened.

Someone's back to buying those 1000 shares but this time we have a 500 and a 333! MM signals I guess. Have to laugh.

Hey Bonker notice on the 10 minute chart the 10 ma has just crossed the 50ma. Looking good!

Surely they meant to buy 5 lots of 10,000!

Hi opensource - I guess that virtually all those who held shares when suspended still own them and have had to consign them to the bottom drawer for the moment. No point in selling really when a loss would be made, although of course it depends on how much you had invested and whether you aren't inclined to wait for a year or two. I have had a look at the Accounts filed for Primus Care and was not impressed as virtually all the companies in the group were loss making, but they only covered the period to 30 June 2016. However, the Bod must have seen some potential to make the investment they did. As to the investment in the challenger bank, it was a tiny percentage, but as they say oak trees do grow from tiny acorns; so who knows. As the company says on their website they are looking for 3 to 5 year investments. So I don't expect any appreciation in the SP for some time. Whether or not they decide to relist on AIM, I doubt unless and until they reach a certain value to make it worth the expense. Keep in touch although I understand there is not much to say about the company at present.

Just for information, the 8 largest shareholders of DBC at 26 February were as follows:- Regent Pacific Group 22% Jim Mellon 14.6% L Lindsay (Director) 11.75% Wren Capital Nominees Ltd 6.49% Fastforward Innovations Ltd 4.29% P Steggles (Director) 4.24% A Sloan 3.96% N P Hyde (Director) 3.56% So between them they own 70.9% Assuming DBC is reversed into LIFE, although IMHO time is now running short for this to happen before LIFE is de-listed from AIM, it will be interesting to see what percentage of DBC, these shareholders will have after the fund-raising.

Last year the results were announced on 3 March; so I don't expect we shall have to wait too much longer for 2016's results. There has probably been some delay due to implementing the new Indian accounting standards; although optional this year, I expect the Bod to implement them for these figures, particularly because they will reduce the reportable profit and it is better to get that out of the way now rather than in 12 months' time. I'm just praying that they will be better than expected so that the SP can recover. Break the long time downtrend and the SP should at least get back up to the mid 40s for starters.

Lots of sales this afternoon. Most must have sold at a loss. You wonder why some investors never learn that it pays to be patient. 1. The results are only 5 days away. 2. The share is oversold and is only marginally above its low for the year. 3. The company has made known progress this year and has forecast rising income and reduced costs. Look at the interim results and the deals that have been announced since. 4. We have the BBC/Apple PoC project, which could come to a very successful conclusion in a month or so. 5. £3m was raised successfully in December to help finance further sales support and provide working capital. Bonker knows more about this company than I no doubt, as a relative new investor, and will be able to add any points that I have missed. From a chartist's point of view, the top of the current trading range on a weekly basis is 12.75p, some 70% higher than the current mid-price. IMHO with limited downside risk now, what a potential profit worth holding for.

Thanks for the chart update which I requested bonker. Great potential eh! We are just waiting for an RTO and Giles Clarke is chairman. What more do you need? Really excited about the prospects here.

Adding weight to my earlier post - http://linkis.com/masterinvestor.co.uk/ieyhg

Euclid - the deadline is 20 July not 7 May as the 6 month period commenced on the completion of the farm-out. If you re-read the 7 November and 20 January RNSs, you will see that the first refers to completion of the farm-out deal as the day from which the 6 months would commence. However, I suspect that the RTO will be sooner than later. I hope so anyway. The recent increase in volume indicates that that may prove to be the case, but of course it doesn't guarantee that. The fact that we were advised back in November that the company had entered into an exclusivity agreement is another plus for the RTO being soon. As usual it is a case of wait and see. We have had one or two false dawns as the SP has dropped and so one can ever be sure that we won't again. However, the break out today does gives a strong indication that we will not see 0.33 again. GL

My daily chart now shows an upward breakout today from the falling wedge pattern that I commented on pre-trading today. So quite excited about next week and the prospects for a further rise in the SP or even dare I say it some RTO news. What a difference a few days makes!

That's fine Vienna. Have a feeling that news is imminent. From a chart view, the SP is in a falling wedge formation, which does not prove very reliable when predicting the SP after an upward breakout. However, once it does break out, which will be this month and may be even in the next few trading days if buying and volume continue like Thursday, I have a target of 0.75p. So could be in for a bag from here. GL.

There have been 3 trades each for £10K today at 0.40. Ate they buys or sells? HL has two as buys and one as a sell, but I just wonder whether someone is loading up prior to the RTO. If so, they are going to make a lot of money.

Bonker - thanks for the chart I requested. I was interested to see what you thought. The results are imminent. The Chairman has warned the market that there may be some accounting write downs if they choose to follow new Indian accounting standards, which are currently optional, but which now follow International Financial Reporting Standards, but also that they will otherwise be up with market expectations. The adjustments do not affect the cash generated and it will be interesting to see how the markets react. There have been some decent buys in the last few weeks since it recovered from a persistent seller (or sellers) affecting the SP. I am hopeful that we may see a breakout upwards on issue of the results and perhaps more importantly what they say about the future. They have already announced continuing expansion plans not for a year ahead but all the way up to 2020/21. A good interview was given by the CEO on TipTV a few weeks ago, as a first port of call, if you want to look at MYT in more detail.

What's going on with the 3 tiny trades these last 3 days. Mms balancing their books, whilst quiet?

If DBC is to be reversed into LIFE, there is now only a month to go. I note that the Confirmation Statement for the DBC as at 26 February needs to be filed at CH by 12 March. That should show who the shareholders were at that date. The Accounts to 30 June 2016 also need to be filed at CH by 31 March. Of course the accounting year end was changed to 31 December. I expect Accounts for the year to 30 June 2016 and for the 6 months to 31 December to perhaps be filed at more or less the same time in that Accounts for the RTO prospectus will surely need both. The moment of truth is nearly upon us as they say! Will the expected RTO proceed or not?