Member Info for Spac3y

still not entirely convinced....unless theyve laid off atleast half the admin department. Granted someones been buying 125K blocks of shares, and granted in a stock with 43million shares thats probably enough right now too move this up. The 30% improvement in revenue will not be enough too dent the loss their currently running. That with the current cashburn, I anticipate that more funding will be required before the years out... Had I seen this yesterday before the 65% improvement today, then it would have been worthwhile, but right now, this is probably valued at about right if not abit overweight.

would a profitable business, go into administration on a goodwill write down silver ?? Goodwill is just one of those figures that companies like too use too beef up asset valuations :) lol I have run the numbers Silver (look back too fridays postings) , as always I strip goodwill and intangibles out of the equation completly too give a proper book value.

free too drop me a line moto on anything you need clarification on. :)

I find here is, whilist NAV is probably market cap, these guys are going too need funding or more dillution..... 30% increase in revenue will still put this in a 3-4million a year loss even including the saving in expenses....

only reason for a covenant breach is one thing.... A goodwill write down. This is why companies shouldnt be allowed too capatilise goodwill/intangible`s as assets. With that said, this is a business making money and cashflow wise is fine so it isnt as big a problem as a typical "default" , ie no market cap, no profits, cash flow all going out out out

Thats one of the main reasons Im also into plutonium :)

OB, I did see TXR today, looks like its coming good. I appreciate what your saying Silverscoop interms of divis, hence why some people dont quite like the fact that I like a company in the position , say WHY is in, too stop them. Im all for paying divi`s when companys can afford too pay them, however, When a company has higher than normal borrowings, and needs too shore the balance sheet up, stopping the divi will add far more shareholder value interms of SP than the divi payment and a normal SP would. I agree Sundancer, in the past few years its all been about "big is better". The problem is, so many companies lost the basics of what made them strong in the first place. One thing that alot of companies took their eye of the ball on for instance was cash flow. I wont bore everyone, but cashflow is now more important than profit beleive it or not for most companies, the only companies where profit is more important is those that have cash in hand. Cash is king right now, if you have too renegotiate financing, its a very very costly thing too do. The other side of the coin is you cant is further dillution, so again that just sets you back a year or two or three. The eye has firmly come back more onto the basics, which as a sad bean counter Im actually happy with. Companies are enforcing credit terms for example far more stricter than in the past, stock is being turned (in traditional business quicker) and people are getting the grip back on their business.

management will always find away too find what they need too. For a start, this is a company making decentish money, theyve also canned the divi, which people get a little, lets say "shirty" at times on a divi cancellation. I however see it the other way, the divi cancellation allows the board too repay whats due without eating into working capital thus adding value back too the business and bringing the value more into line where it should be. Covenant breach doesnt really worry me here, I think their placed well enough too ride this out and the consolodation of business units will come good :)

now have the management they would have liked in the middle of the ramp up on expansion. Everyone was caught short really that overexpanded, they beleived they could borrow and borrow and borrow.... Decent looking business, couple of things too iron out but the management now bring alot of confidence for me, this will do quite well over all periods imho

http://www.vertumotors.com/

appear you are Hoff :) However, in terms of the auto trade, Vertu are very well respected, even in the short space of time they have appeared. Very decent and capable management, alot of the big hitters left vardy too start this up after the pendragon aquisition of vardy, Bristol Street motors being the volume brand should be holding up quite well. As for 2nd prices, Guide has risen the last two months , auction prices are 4-500 above what youd expect so the market is definatly turning the right way....

just posted a very brief rundown as I see it OB. Its definatly worth a shot at in my little humble opinon (have a look at my take on the WHY)

I just realised YES doesnt exsist and you missed a word ! I need too pour another beer and in that time youll have posted the code :)

week seemed too have been a fruitfull week allround mate :) Im just going too have a look at YES so bear with me whilist I fire this up

holding its own very nicely. Even still at 20p, over the mid their is a gain in here toobe made. I said it a week or two ago, and Ill say it again, right now this is abit of a safe haven. Plenty of chances too top up buy in on the retrace, which inevitably their will be.....but 20p....holding its own. Very nice too see :) OB, Im sure this must bring a smile too your face buddy

all. ID just like too point those back too my postings on tuesday , where some people were getting a little, let us say, impatient.. Glad too see your happy with all your shares at the moment fund, nice too see soemone at ease with their portfoilio as I am :)

Its a two pronged investment. Divi`s will not be curtailed for ever, and given the rates of payments of 2-4p a share, then these will pretty much pay for themselves over a long. Any reduction in financing costs will help too reduce the current level of debt and still maintain a divi, some more contract wins will also help too level out any reductions in Revenues from the decline in the market place. Again, with the model HRG have, they dont bear the brunt and associated costs anywhere near what a normal travel company do, they still get their refferals which is why the retention rate at where its at is a decent kpi right now.

"Dont panic Captain Mannering".... Flame dodger is entirely on the money. This is in many ways a safe haven stock.... Very decent retention rates, stopping the divi to repay the debt and shore the balance sheet up, still making money, two parties with a decent holding..... Management have reacted very well too the marketplace, they have reacted very well too the financials in order too keep things stable. Stick these away for a long if needs be, but these arent a "burn out of here" stock right now :)

Im just about too sit down too dinner but Ill head on over and have a look over SWG and see what I think buddy. Always nice too have something new on the radar :) Hows things this week ?

quite a stable level round the 15p mark imho. Bo drop back too 10 for the minute, HRG holding its own. Still more than happy too tuck away at this price over the long, still proves a decent fruit hanging from the tree !