Member Info for sundancer

so after a long wait for an expensive share, some news appears that the covenant due on 30th september has been delayed to 30th november and the company is preparing a form of equity fundraising :- http://www.investegate.co.uk/Article.aspx?id=200909300700219260Z no wonder vidacos nominees removed their holdings in e2v recently. what does the market maker do? raises the ask price to 77p. currently a spread of 5.75p. how is a private investor ever going to make money? forget it. too much of a high risk play.

theoretically, that is a sort of guide you can use to try and price a share. but in real life if the company does go down, the buyer of those tangible assets will not pay the book value. u have to strip off intangibles as good practice and only measure tangibles. then perhaps discount the value of the tangibles too to be even more conservative in your calculations. in normal markets, a share is priced according to its forecasted profits as the share price is normally priced above NAV.

some digits and an interesting read for those interested :- http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?csi=100893&username=&ac= old news, but previous info of a possible takeover approach :- Mefro http://www.iii.co.uk/investment/detail/?display=news&code=cotn:TSW.L&action=article&articleid=7049673 Titan International http://www.reuters.com/article/companyNews/idUKL1467678920080414 besides a recovering company, these are the other possibilities. put on watchlist, put a foot in or buy a few but don't bet your house on it. for that matter, don't bet your house on ANY share. =)

did u lose much here?

hey mate, did u quiver when the price dropped to a bid of 8p and ask of 11p last week? i almost jumped in then for a gamble but would have been very high risk. if u need the cash, then it's probably best to pull out of BNLN. i wasn't willing to stick with them but will reinvest again if i see some improvements to their outlook. with this recent RNS, it appears clear they are struggling...pretty badly. other than WHY, this is another company that proves director buys only provide some form of confidence in the near term, not long term. as time goes on, the situation changes and unless u are on top of it, ur investment can turn into thin air! well, i'm happy with the 0.5 companies i've invested in...lol...much easier to manage.

the zeus venture has been a disappointment :- http://www.investegate.co.uk/article.aspx?id=200909300700189122Z&fe=1 if it weren't for the oil and gas assets, rheochem would have made a decent profit from oil services. but instead shareholder equity has been reduced by AUD$33.4m due tot the net loss.

http://www.investegate.co.uk/article.aspx?id=200909300909429336Z&fe=1

i think the sell off of the french division is a good move, even though it was an income earner. UNIQ's european ambitions has cost them dearly because they ran for 5 years at a loss. with the european divisions detached from the parent and wholly concentrated on UK, revenues should be circa £200m to £300m per year, then with the cost cutting/restructuring, we should see margin improvements too. based on how the share price has grown, the market likes the idea too and is anticipating UNIQ turning into profit again, after so long. selling off the european arm allows them to follow on with this strategy since they now have no debt while the pension deficit should decrease as we move into 2010. although i'm happy with the profit i've made on UNIQ, i feel the current share price is too expensive...

just to affirm that my previous post of net asset value per share on the books of 126p was tangible assets alone. including intangibles would be 191p and that's an important premium for an engineering-based company. TSW has been a takeover target before but (just dreaming)...imagine if there was a bid! in the mean time, let's just hope the economy continues to recover.

have been in and out of UNIQ a few times and only got my base holding there now. my last time in there was 31p to 37p. if it drops to 41p, i will buy a few before the results announcement on the 15th of october. if it doesn't well, too bad. =) my base holding has been in UNIQ since 10p and will hold till 150p in 2 years. too bad i didn't spot TSW earlier but it should perform be the same as UNIQ, only difference is TSW has been profiting previous years before the recession(i.e. better financial management?). also watching quite a few other stocks that are in distress and i hope i'll get to top slice some currently owned shares that should have doubled/tripled by then to dump in the distressed shares instead when they should be on the way to recovery by then.

some big buys which are delayed publications... shareexpert, small daily movements, tick up or down don't bother me. it is the medium to long term movement that's important. but yeah, i know what you mean - anybody would like to see this up a.s.a.p.. but we have to be patient. not many investors here sell.

cheers for the faith in my stock picks mate. =) JPR hadn't announced renewed banking agreements yet then but sometimes to get ahead of the market, investors have to look out for "signs" or "indicators" and for JPR, it worked. TSW is a recovery stock so just buy some and chuck it in the drawer. as more and more people realise they are only paying 34p for 121p net asset value in a company on the rebound, the share price will rise. check again in 3 months. i saw your post on WMH...imo it's still a bit too early to jump in because the price hasn't levelled out yet(technicals). still, you can't go wrong with WMH, a share which is not far off the 52wk low and rising. i bought 2 shares at 168p, out at 188p and now waiting to get in below 175p...

nice one...but for me, i feel it's not time to jump in yet. this is a momentum share and it looks like it has a little further to drop. my target entry point would be below 175p, if it comes.

i've been in since 16.25p pre-consolidation - my baseholding. still watching closely as i'd like to buy a second tranche, but only if it drops to the 215p level for which i'm assuming will be the support. if it doesn't that's fine. NTG will come good, if u have the patience to have your money locked in.

i never used to do price predictions but i reckon with this share, it will hit 80p by next summer. being very very conservative...and 80p is still a long, long way off the net asset value per share of 126p! when they announce H2 2009 early next year, i reckon the assets would have increased in value, revenue will be about the same as H1 unless they surprise shareholders with some extra orders in Q3(last RNS said Q4 will see sales pickup) but the difference is that the cost cut of 35% in headcount will filter through the figures. all in all, it seems(so far) that we will see TSW back in profit. between the good and bad indicators, there appear to be a whole lot more good than bad. if anything negative appears, it will be due to the economy as a whole. company-specific issues does not seem to be anything negative to be expected in the near term. finally, if TSW is published/gets on the radar of analysts/websites, etc. that TSW are turning around, we'll be on target to buy a yacht to sail round the Med. =)

just realised u were asking about Q4 results. no eye, dear.

nice pick matey(regarding AGR). i've bought quite a bit of HMV. if i get a chance to offload some of that in a few days and WMH is around 175p or below, i'd buy into here again.

it will be sometime in november 2009, no exact dates yet but u can look out for it on their investor relations page :- http://www.quintain-estates.com/calendar results announcement of most companies are normally on a page called "financial calendar" within the investor relations area.

i see u've taken the leap. =) as a refresher, here's my analysis posted a few days ago :- 1. Shares were 250p back in 2006 2. No previous equity fundraising/open offer/rights issue so shares are undiluted 3. Equity/net assets of almost £159m 4. Market cap of £29m only 5. Net asset book value per share as of 30th June 2009 interims is 191p including 65p intangibles. Current share price is 34.5p. Assuming the company goes down(which it shouldn't), all assets sold off and debt/borrowings paid off, the share is still worth 126p on tangibles alone. 6. Revenue 30-06-2008(£233m) 31-12-2008(£452m) 30-06-2009(£149m) 7. Profit/Loss 30-06-2008(£4m) 31-12-2008(£5m) 30-06-2009(-£9m) 8. Primary banking facilities deferred repayment till January 2011, comfortable headroom. 9. Reduced headcount by 35% across the business - substantial cost cut should filter into business for H2 2009 figures and improve pre-tax profit margins. 10. Made a loss during H1 2009 but was profiting previous years 2004, 2005, 2006, 2007 and 2008. 11. Sales expected to pick up in Q4 2009. 12. Net debt/borrowings lowered from £158.2m(31/12/2008) to £141.9m(30/06/2009) and continuing to decrease. 13. £5.8m cash generated in H1 2009 despite economic difficulty, £18m in the bank. 14. Recent director buy at 29p in May and August so concerns about an imminent open offer/rights issue should be out of the question 15. Liquidity ratio of almost 2:1

u still holding these?