Member Info for Spac3y

last transaction wasnt actually a sell, it was a buy. Things will start to pick up here in the run up to JORC in October. However given the marketplace in september, may be even more of an opportunity to pick some of these up at an even lower price. Still a risked buy , alot hinges on the JORC, but I expect it should be quite decent, so we shall have to wait and see. All resolutions passed, share options granted at the current SP, so moving along nicely.

the plus today Buys - 145207 Sells - 8000 Lets see if the brokers notes end up on the money :)

like theyre coming down to 27-28p, which is probably around fair value. Sector will now lull for the next month or so, I beleive theirs better sectors to be making your capital work in currently

primary reasons why you couldnt sell. A) Barx is up and down more times than a lady of the nights drawers B) Someone had just dumped a substantial holding that has an MM being bent over the desk by his boss asking how hed like to resign. Nice play getting out when you did HB, looks like the sectors doing as expected, the build up to the usual half year and then the interest weans......

Indeed it is a speculative "risked" buy atm. Cash in hand at the end of june was around half of market cap, obviously the Minerva buy will take a chunk of the £6.odd million , but with Muremera JORC probably due in october, and at the current price, their is plenty of scope for movement. Given the current cash position, and the current drill program, I would assume some sort of fund raising needing required, however should their JORC be in the region of my thoughts, then itll be pretty irrelivant. Like most share boards, I should now move on to 100% upside, no downside, abit of a ****take and live pricing every 3 seconds. However, as its Friday, I have some beveridges to slowly enjoy :) Have a good one Loftya/riddler , soem interesting times ahead !

think that with my mathematical background, Id follow fib and everything else abit more closer, sadly, I have the concentration span of a , erm..... when it comes to graphs and charts. However, always interesting to see what someone who looks at the charts do, and unlike some others, I certainly dont dismiss anything. I have set aside the weekend to pull everything apart so ill have a clearer picture, unless I start opening a few too many beers tonight come tommorrow on my thoughts on DWY. However, I do note already that someone does have quite a favourable "risked view" on these and at current cap, and a brief look, I can see scope enough for a decent return. You can never factor the unknown, but you can atleast risk assess it :)

Im still disecting here so will hold off until Ive fully pulled it apart. Sometimes, I wish I had went to university to study Geology :) I dont beleive the numbers paint a full picture here lofyta, I think however should the JORC in Q4 be quite favourable, then DWY will need some funds as most of these JORC`s do now adays. With that said, I think that DWY potentially have a little "gold mine" on their hands....get it ?

loftya, hope you are doing alrighty. Did I say working, what I meant to say was working in the garden, yes that was it :) I dont get many visitors so its always nice to have people want to come round for a tea and a chat, and biscuits, although , aslong as they bring the tea and biscuits as I can just about push to the pint of milk a week. So, whats the thoughts on DWY loftya. Good / Bad ? Ramp / Deramp ? MM`s stealing shares, shaking the trees ? I do note that I didnt get to vote on the name change, Im annoyed, I think I could have thought of a sterling one :)

had a look on the online version, but cant see anything on lookers. Can you give me the long on the short of it HB ?

could always check down the soffa STS, my kids have an uncanny knack of magic-ing pennies out from the sofa, which is always handy the day before giro day to get a loaf of bread. I am however a tad bit annoyed, apparently someone gave me a 10min spell today to get some more of these, but as sadly I was working, I didnt get said notification for 2 1/2hrs ! I also note the numerous texts and phonecalls after with people telling me they could only get 10,000 shares at a time, however I put that one down to the amazing trading system Ammer uses...... :)

Our resident Techster, how are you riddler :) Plenty of scope for a very decent upside here, I do beleive, as is one of my favourite sayings atm , that their will be some fundraising needing to happen here, but then that would only be if the JORC is quite favourable. What do the charts say ? (You know me, I dont really do them, but Im always interested to here)

you post the link HB so I can have a read please buddy. Cheers !

Im sure you have a neighbour STS, just invite yourself into their house and start doing what we have with FJP`s stuff, its amazing what you can sell on ebay these days that doesnt belong to ones self ! :)

HB, cant say I have as Im just in the door..... Got a link to the report. I also note from reading the Bank of England report just yesterday (thanks PS13) that it looks like not a whole lot has changed in the wider market place. Furthermore, considering Lookers results, are lookers better placed now in the sector to outperform the top dog ?

I hear you, Ive been holding this for ages as well (monday this week to friday just seems like an age doesnt it) FJP, you should know those trades were large buys, especially as you , as a fellow job seekers allowance seeker can only buy in tranches of 1-2 shares a pop. I reckon they must be sitting on atleast 2-4 ozs here, cant wait too see the JORC when it eventually arrives :)

Been a hot clammy day here, probably decent flower growing weather or do you just need lots of rain (we normally have that here in abundance) Looks like the RI questions been answered, and pretty much my thoughts seem about on the money. Whats interesting to note today is Lookers results, double that of pendragon, and both now trading at roughly the same market cap ! I expect now the motor groups to drop into a lull until near end of Q3, some ups, some downs, but it looks like their coming round to about the levels expected.

Thats the beauty, no one really knows. Its all ifs, buts, shake the crystal ball around abit and see where its at. I dont expect the economy to get much worse than it is, and personally I feel its potentially plataued, but then, all it takes is some more bad news ! 5 years really isnt a long time on the global scale of things, and even if the market doesnt improve for a year or two and PDG can still eek these sort of results, funding issues wont be so bad. I think this will bob about abit now, so think it wouldnt be such a bad move to exit and move on.

Its pretty much inline with my expectations, I was expecting around 10mill, but its their or their abouts. Will be interesting to see tommorrow, market and the "anal-ysts" will have had time to consume the numbers so we shall see if everything was or wasnt factored in. Weathers been crap here today, so nice to know someones getting it all :) Slimchance, no hard feelings mate, 17million was just a tad bit too good for Q1, but I knew you were along the right lines....ish :)

HB. I think even more so given the capital repayments on the loan notes an RI is even further from the minds of Messers Finn and Casha. If you look at whats being repaid, circa £35mill a half year, it will only take pendragon , in this market place a 5 year term to repay all borrowings. PDG are well within banking covenants, so their is no presure their, funding is secure and when the next funding comes up for renewal a big chunk of the debt will be paid off making it easier and less costly in the next "round". You can never rule one out, however looking over those books, I would imagine it is unlikely now.

H2 should see a rise in used car holdings, which should increase financing costs for those funded vehicles. However with that in mind, PDG should still be able to save around £20-£25million over 2008`s financing costs. I also note that exceptionals were reduced to a net 2.7million, £16.2million of a VAT accrual release , I would expect to see exceptionals in the region of £6million for H2. Aftersales continues to be the driver delivering almost half of the groups entire gross profit. I expect this will increase with service departments being issued KPI`s and with concentration now on these departments to deliver. As expected, the demand for the luxury side of the market took a tanking, being almost 30% down like for like. What is abit suprising is the volume division seing the same decrease as the luxury side of the group at almost 30% aswell. Support services, Pinewood will continue to make the sort of money their making due to most of the business running Pinnacle or equivelant, and I would also expect to see costs to the business remain in line with this years costs (even with a reduction in users by 4000).