Member Info for saintpeter7

Sudden drop in SP on just 2 trades, which were not of any size. Are the mms reducing the SP to try to acquire more shares for when the RTO is announced (although I don't expect many sellers now)?

Here's hoping for a blue week to the results on Thursday. If the RNS gives an even better picture than the information already supplied to the market, you never know, the SP may not fall after the announcement. It will surely depend on what is said about the future. GLA.

Looking at the one hour chart, the SP bottomed at 110p on 27 January and is in a rising trend channel since then. Also, we have the rising trend channel with the reverse gradient of the falling trend channel, which if it continues, could see the SP rise back up to 180p by the time of the results. Where it goes from there, who knows? After results, we may normally expect the SP to drop unless there is some unexpected good news. We do have a head and shoulders pattern if the SP rises as above, which if completed may see the SP fall afterwards. All short-term movement of course. In the longer term, looking at this being fast growing, with the Skinny Tan production brought to the UK to be in a better logistical position for distribution to Europe and the USA, the company should continue to do well. If the product is successful enough in the USA, I suppose they might even set up production there also. Of course IDP also has the other products for hair loss, hair care and skin rejuvenation. There is certainly a large market for that particularly in the well to do parts of the USA. It would be helpful if the Bod is able to produce a forecast of its turnover and earnings for 2017, but I guess that may be too unpredictable to give.

Pomander - I can only think that, as it appears to be the case that DBC did not reach milestones when it needed to, it was decided to delay the transfer to LIFE until a longer time had passed to enable DBC to improve its viability as an RTO company and with it, it's ability to raise further capital. LIFE has until 5 April to have the RTO and there are loan notes to be repaid by end of March. The year end was changed as you know to 31 December and no doubt Accounts to that date need to be prepared for the prospectus. So there is still a window of a couple of months and unless they decide not to proceed, I expect the prospectus to be published by early to mid March.

Mcap 1.42m v Cash raised on listing £1.1m. What price do you place on being in on the ground floor? And this is main market listed.

I notice that someone has bought 8 lots today at £1,000 a time. Interesting - getting ready for the RTO announcement which hopefully cannot be that far away? It doesn't take much for the SP to move.

Hi SMT - can't see it but did note the two £39K purchases. Also I don't know whether you have seen that analysts at Cantor Fitzgerald have recommended MYT as a buy and have set a price target of 130p !

Typical, I post and along comes an RNS which not surprisingly knocks the SP back. Hopefully, this change of accounting policy, which I would expect them to follow, as it is a requirement to follow general accounting policies laid down by law will not deter long term iis. Importantly, the change does not affect the company's profit in cash terms and that is a fact that should not be ignored. GLA.

Typo - was referring to the 10dma not 10sma.

I have finished filing all my clients' tax returns for another year. Phew! So, I can contribute again to this bb. Daily chart is at an interesting point in that the 10sma is about to go up through the 50dma, which can be a good sign. SP has been quiet, but encouraging that it has been holding at this level for a while. The chairman said before Xmas that he looked forward to updating the market on our 2016 results in early 2017 and I am expecting that to be before last year's equivalent which was in March. I shall be more interested in what he says about the prospects for 2017 as will potential investors no doubt. The CEO certainly gave a very upbeat view on the TipTV interview in early January.

Hi Vienna - I'm still here, but have not been posting primarily because of current business workload, but I still find time occasionally to read the bbs. I don't treat your posts as ramping. It is difficult to be excited about the prospects for a share and not to promote it by pointing out reasons for investing. I have been accused of ramping and I certainly have not meant to; I do agree that sometimes I have perhaps been posting too much about a share that I like, but not with the intention of ramping, just to provide information for pis to look at and then to carry out their own further research, which any sensible investor must do. So, do please continue to post if you feel you want to; it is your decision , not someone else's and if you get some poster being obnoxious FILTER them or even report them if you consider they are going too far.

In the last RNS, Peter Moss, Non-Executive Chairman of the Company, commented: "Forbes has now successfully been restructured into an investment company with its objective to support management teams in growing and building companies. Forbes provides capital and experience in all phases of development and structuring and focuses on fragmented market sectors, where the Board feel there is opportunity for our investment companies to become market leaders." Now that Gravity own 60.8% of Forbes, the owner Chris Bateman has presumably agreed that the Bod can raise further funds in the future when they consider another good investment comes along. I shall be interested to see how long it will be before the Bod make their next investment, when naturally they will need to raise further funds. In due course I suppose the percentage of Forbes owned by Gravity will decrease because of that. I do only have £500 invested as I mentioned before, but Forbes will be a company, which I shall certainly follow with interest and further investment if the Bod find the right businesses to invest in. The directors were poor in keeping shareholders informed and some might say misleading about the maintenance of an AIM listing, but presumably it was their original intention to remain on AIM, but they simply ran out of time to arrange a deal. They certainly had a small window of opportunity because of the delay in sorting out the arrangements with Robust Resources. We could be on a winner here; let's hope so. Will be interested to hear others' thoughts, in particular Bckttsim and BJpenn if you don't mind me picking out two posters here who have spoken to Peter Moss.

Well certainly a P/e value of 5.5 is as you suggest well below what you might expect so long as a further increase in profits is anticipated for the next year. Not surprising the strength at the end of the day. Will need to research what might be a sensible conservative p/e ratio for this type of company.

Accepted - no argument - EPS 5.5p -agreed? Wonder what they project for 2016/17?

Profit per RNS = CNY 18.1m = £2.12m Shares in issue = 38.35m Profit per share = 5.5p ps P/e ratio with SP at 28p = 5.09

Thanks. Have a good weekend. I shall be working most of the weekend, trying to complete my clients' Tax Returns and accounts, which need to be done by the end of the month. I just love January! (no).

I have no argument at all with you wressmycase; it relates to another shareholding. Yes, I only have £500 invested, but I had already lost money twice on Tengri and bought in the last week a small amount before suspension in the hope that something might be made a third time. Naturally I was very wary because of what had already happened and did not want to risk any more. Not that it will make you feel any better, but I do sympathise with the fact that you invested £9K and the new Bod have managed this situation extremely poorly, and that's putting it lightly, without swearing. I have no idea at what price you invested, but I hope that you will in due course see a profit. It could still happen with the right RTO. I hope so for all pis who placed faith in the Bod to deliver.

Vienna - thanks for that. Take care yourself and let's hope in say two months time at the latest, the SP is double the current one at least!

Bckttsim - thanks for that, much appreciated.

Just to let you know that I shall not be posting for the time being, due to the attitude of another poster and work commitments. I still own the shares I acquired a few months back as currently they are definitely one to hold for the gain which should hopefully arise once the RTO is announced. GLA