Member Info for Spac3y

I was thinking about yesterdays whole chat session, would appear I also missed something that is key into what I currently look at when looking for a share to invest in. One of my key criteria for the minute is shares in issue. Weve all seen the companies with a baziilion shares in issue, im particularly interested in under 75million shares, although specifically as of late it has been those of 50mill shares in issue or under. Very big reason for this, you tend to find that those with small issues have alot taken up by other companies. When you start to get below the 20% threshold available, thats when it gets very easy to ping northwards when those available dry up. Keep your eyes open for stocks like these, when they come up, they ping :) I hope everyone else has had a decent day (would appear quite a red day), although I have faired quite well today so I cant complain :)

Sounds like you need too find yourself a new broker ! I dont know many people that would put up with that sort of hastle, I expect to be able too buy and sell at the time I want too , and failing that, then get on the phone to get someone to do it ! Seems like BARX are overloaded, to many people using the service and not enough hardware to cope. I have too say I use selftrade and only twice had an issue that I couldnt log into my account to trade, £12.50 a trade, but who cares as long as the trades get executed when you want them too be. Have a look about, plenty of brokers out their, Id pull your money from BARX and find something abit more reliable, hopefully just ease that pain a little bit mate

can enlighten 1 poor soul, oh already did that didnt I Dave :) Seriously, I dont like too see people loose money. One of the things that stood both Tipper and I in good stead was that when we started, we went all charty. Before anyone gets shirty, charts for some are the thing. However, as dave will also tell you, charts werent particularly good for us, ie, we both lost a wedge of cash trying to "chart our way to stardom". It stood us in good stead in that we didnt loose all our money, but went back too the basics, what is something worth. For me, it was even more comical given Im a sad lonely bean counter by trade, it was however a valuable lesson and one which has proved to be very profitable since. Those that put the work in do well, its a given. Some do get lucky, but at some stage, your "luck" runs out unless your fortunate to have a brigade of oompah loompahs doing all the leg work :) Just stick at it, if you go through a company, put your own value on it, you can see if you can make something out of it. ALWAYS stick too your out points, your inpoint can vary depending on the return you seek. Those that go past their outpoints, generally have too hold way longer than theyd like, or loose out quite substantially

One of the other key things in the market right now is, what has been factored in. The market thinks so far ahead of things, that what you may construe as a "good rns" , has potentially been factored in a month + back. Alot of people get caught out with RNS`s thinking "this is going too fly", and then it tanks. Theyre left wondering, what happened, that was good news, but in relation to the current price, your constantly asking what is coming at you in terms of news, when is it coming, is the stock moving one way or the other and then wheres the in/out points. The other thing is, their are so many people about these boards that, strangely, win all the time lol. No one wins all the time, sometimes you have too burn something, its a case of burning less than your building at times. Be wary as dave pointed out, on these boards. You do get too know certain posters that are actually on the money, the other 99% of people "know it all" but yet know very little. IF youve done the hard work, the book work, the news work, have confidence in where your placing your very hard earned money. TD, I will await your call with eager anticipation tommorrow :) I do note JLP is ticking on back up their, SLV holding nicely for june/july, LGO decent steady rise today but the best is yet to come and EML, well, as I call it, the Dulux emulsion of the share world, did what it said on the tin, nothing much :)

I havent checked out PCI, so will reserve judgement until I do so. I do however appreciate people throwing companies at me on the board as then it gives me something too look which I probably wouldnt have. Hillbilly, thats the kicker, people think that it takes years of experience too dismantle a set of books, it actually would suprise you that you really dont need "to much" experience to do so. I agree were living in the worst time , interms of the market since the great depression. However, the same applied back then as does now. Forgetting about day to day swings, if your picking companies with sound footings, then your risk is greatly reduced than those that are getting by on "fresh air". Alot has to do with investment strategies, some are in for the day trades, some are in for abit longer but classed as a short, some are more midterm and some buy now too stick away for the long. All of my investments are based on risk Vs reward, some the risks are substantially grater, but provide way and above flip side on initial investment with a chance that you could loose the shirt of your back. Others, are established companies, hit and oversold in the downturn, with less of an upside but less of the downside. At the end of the day, were risk managing for the best possible returns, I prefer lower maintenance companies I dont have too check on every 3 seconds, but that also pose decent returns even over a mid.

What everyone is looking for bahman are the following - A decent cash pile on hand (you need it right now and it will save you a shed load in refinancing costs), lower the debt the better, a net asset value that is positive and relates to market cap (thats your safety net should it go pearshaped) (Always strip out intangibles/goodwill in calcualating Net Asset Value), a product/commodity/ that may be low right now but has growth potential (copper is a good one right now as its risen something like 25% in a short space of time from a low), decent strong management, have a look at a companies pdfs (who exactly is managing the business, are they proactive in these times, ie cost cutting etc), making sure a company has something too offer in the rebound. Very basic, but it gives you a good platform too work of. IT starts getting more complicated when you are trying to factor in news, and also factoring on certian elements on the accounts (ie trade debt, will they get it all, whats the sector average) , (current stock, what will that sell for if it can be sold). Alot of variables, but if you find oversold companies, ie, not far of their 52 week lows, that have cash, low debt, potentially make a profit (but not as necassary right now as that might seem if your "longing your positions"), then that will serve you well.

other thing I have bahman is a big long list (as NKOTB) will tell you too work through based on certain "criteria". It is a big ass list but Im just working through it and seeing potential candidates that fit "my criteria". Unfortunatly for my fiancee, I spend way too much time pulling books/news apart and factoring, although Im sure shes happy in the fact that she doesnt have to do much and enjoy life at the same time :)

your meaning how do I pick what I buy, its all in the numbers. Numbers are my background, so its abit easier on the numbers game for me. Im also fortunate in that I get quite a few things passed my way too have a look through, some I dont take up as I dont "like the look of", others I dig into abit further. Its all in the numbers. Low debt, decent cash position, oversold, something to offer when things pick up, decent management, thats where its all at for me

"screen" , what exactly do you mean buddy

Regarding Finance, credit is actually easing bahman from where we were 6 months ago. That is not too say that it doesnt come without a price, but money is now flowing abit more freely. LIBOR has also come down which helps for the interbank lending. Whilist their is bad news too come out, most of 08 has now been reported (given the near 200trillion losses sustained by companies or their abouts). Part of the problem is that no one can call it, some people say theirs still more joblosses to come, and things will be down for the next 2 quarters, some say that Q3 will see things even out completely, I just go on my overlooks of the sectors, general news thats out, and where I beleive we are and where well go. Thats what makes it all so interesting ! :)

attentions are more now on INCH. They will play out well in the med/long, very sound company and will generate decent money when the markets all smooth out. NKOTB, very decent short trade in here from the 25p buy in :) I also note blnx came down to 15p today which should also allow for an easy 25%

The worst is behind us bahman. That is not too say we wont go up or down, but from the industries Ive looked at heavily, those that are hardest hit and at the front of the downturns have taken most of the hits they were due. I do however keep my eye on 4500 and the ftse, because theirs a make or break point their, and currently as soon as its been hitting or going over, its been quickly down too 4300. That said, if your picking stocks with intrinsic value/products, short/med/long your on a winner. May is always a hard hard month, I beleive its the 2nd worst month of the year for stocks, june always normally has a nice uptick, although you can never legislate for the "unknown catalcysmic end of the stock market type RNS" :)

Is fine if your retired like your kind self. Unfortunatly, for those that are keeping you in "winter fuel allowances" and free bus passes, some of us have too work too fund your lavish lifestyle :) I still note that your still not in SLV however.....:)

Cant believe hillbilly only got in PDG at 9p odds...were you holding back on that one.... :) Roll on June / July, summer, pickup on the markets, ah...more beer from you :)

You do pay me in beer NKOTB...whats the difference :)

I have too say , Im in total agreement with trevor on the following on the fact that the scrappage deal wont make too much of a differrence. Right now the used market is also not as favourable as some might think. Take the auctions for instance, a good source of used cars. An auction last week, just about every single car was being bought up at £1K over book. I mean, £1K OVER book ! Margins are slimming down in used, although with the right px`s it certainly makes a differrence. What should be noted however that in the last recession, although not as deep as this, pendragons SP did bomb, although granted they werent quite in the "pokey" for the amount they are now Now who was it that said PDG have a 17mill profit for Q1.................. Farbeit for me to quote an analyst, as Im not particularly fond of them :) However...."Industry analysts now expect Pendragon to return to profit this year, with the £29m 2008 trading loss moving back to a £5m pre-tax profit in 2009 and a £27m pre-tax profit in 2010."......... 17mill Q1 profit....indeed ! Over the long, though, at this price, itll be fine. People just appear too be expecting miracles in a short period of time.... Im sure someone said this would be 30p a week or two ago....Hmm....17m profit and 30p... Some book work needs done me thinks :) Nice too see some "sanity" in here Laidback...Thankyou ! :)

knew I should have bought in yesterday ! Tried too get in first thing this morning, couldnt get a quote, eventually got a quote, but I was trying too be cheap :) Before today, assets alone are worth 2-3x market cap, profitable company, cash on hand, and very very very low debt indeed. Good play too all those in

Press....EML moves.......Ive just asked the good lady too pick me up of the floor :)

go Shifty, I was just about too break out my CDJ`s and give you something too get on down too :) It is a sunday after all, plenty of time "too" party :) They dont make those narcotics like they used too PWL :)

Just let me go get my calcualtor :)