Member Info for sundancer

http://www.proactiveinvestors.co.uk/companies/news/8440/bateman-litwin-dips-24-as-fy-revenues-expected-to-slide-cash-and-financial-position-at-risk-8440.html

hey mate, wow...surprised at how the market reacted towards this mostly expected news. when the update appeared to be delayed(since we've been waiting from august), i smelled something not right due to the delay and pulled out some days ago. i see this RNS as mostly expected because they did say they were breaking even this year. but the unexpected news is "problems with the ongoing projects". i think what is mainly perceived as negative is :- "While progress has been made on the major oil and gas legacy project in the Former Soviet Union, there is as yet no definitive agreement with the client over legacy and forecast cost overruns. Negotiations are continuing, although until successfully concluded, this matter presents an ongoing and significant risk to the Group's cash and overall financial position." ...while they have confirmed increase in enquiries and interest, no major contracts have been awarded. so the future looks murky, imo. for now, this is a company on my watchlist. the banks are still watching them closely but until significant contract wins are announced... if anybody here has a big holding, you may want to consider lowering it/pulling out or you will rely totally on the capability of the management winning contracts to keep the company going. i've spoken to the investor relations representative and she seemed confident the company will survive. perhaps give her a ring to get a better perspective.

this is a great tech company but not a good time to get in. i'm keeping watch on the developments but at this level, the share price is really too expensive for the amount of uncertainty. last i read, 1 out of 3 cradit facilities has reached it's maximum....and i still haven't heard of much cost cutting...

for anybody who's lost money here, u may want to check out Titan Europe (TSW). it's still quite severely undervalued(check book value) and on closer inspection, u should see that TSW appears to be making all the right moves and on the road to recovery. not a daytraded share but just one that should slowburn to former glory unless some website like motley fool or investor chronicle takes note of it and decides to do an article on them. nothing like that yet so far so it's an opportunity to get in before they do. i've posted my research on the BB of that company. just thought i'd share that with you, perhaps you can recover what you lost here. upside, well done on CSH.

u're welcome - UNIQ was making a loss previous years and still rose to where it is now...just wait till they start profiting again! TSW has been profiting previous years(as in the analysis on the post below) and with the cost cuts being undertaken at the moment, profit margins should be quite good for H2 2009. a great recovery play. Hold TSW for 3 months....i'm conservatively estimating the share price should be in the 50p range, at least. or if it gets blasted on an analyst website with loads of traffic(since it is still "not on the radar"), we may see it hitting above 50p sooner. all the best mate!

no worries mate - if your other shares are making money for you, then good! i'm in here for the long term, till next summer or at least till the NAV of over 100p is realised in the share price. it's too cheap at the moment. TSW is ticking up bit by bit everyday.

cheers for the kind words mate. i was studying CSLT over the weekend too but lost interest because the dilution was too big. and i am not really much into momentum shares, only recently. TSW is not a momentum share, imo. it will keep rising and leave u behind, just like TTG did to me. lol... i've noticed that at the end of each day, the MM transacts a buy of less than 50 shares and ups the price by a tiny bit. so it seems the share is slowly being re-rated.

trust me - i realised that!!! thanks for knowing me to be "better than that". i started feeling a little low today because i felt like a ramper. hence, i have been quite quiet today. =) anyway, there are those who give me static when i don't share my tips(i.e. WHY board 6 months ago) and when i do, i am a "ramper". can't win them all matey. =) to me, ramping is simply blasting BUY BUY BUY but if u back it up with research and facts, it's ok to share. and i don't spend 5 minutes researching on a company but a few days, u know. it took me weeks to find such an undervalued share like TSW. i've noticed the best undervalued shares are about 50% discount to NAV(including intangibles) now but TSW was 75% on tangibles alone. if anybody had the tiniest bit of feeling that we are on the road to recovery, TSW would be a good long term investment.

lol... it should be ok to load later. i believe. most investors *should* be doing their research tonight, then perhaps buy in tomorrow. hopey, already posted my tip this morning - TSW. have posted my thoughts and info on the TSW chatboard.

my spare funds for an ISA share are now all gone because i've just bought a chunk of JPR. there's just been a round of director buys. so i guess i won't be here for a while - good luck to you mate, been a pleasure.

i would have bought in at that price too as i normally buy when others panic, especially if i know the company well. but this time, i was on the way to office! =)

the deluge of institutional investors who bought in here recently. fraud or no fraud, mistake or no mistake, whatever....if they stay, we stay. sell out if you want but if u miss the low, come back here and de-ramp. that's what people do. but if u have faith in the company, stay. if the institutional investors start selling, i'll leave.

sure mate...well, traditionally i always wait 2 days at least before jumping back in. WMH is looking like a good place to park my ISA funds although i am watching another aerospace company which is looking attractive...and cheaper. TSW is on the rise, still worth it when it is about 4 times undervalued on tangible assets alone, imo. the choices are too many! wish i had more funds available.

sure mate, always dyor instead of trusting these chatboards(unless u know the characters historically...). all the best if u decide to invest.

i've just posted my analysis and thoughts on the share i mentioned, on TSW. good luck if u decide to invest.

Details here are from my personal research. Although I have tried to be as accurate in my findings as I can be, please don't hold me responsible if any mistakes exist. Invest on my advice at your own risk, preferably do your own research. =) Latest Interim as of 30th June 2009 http://www.titaneurope.com/documents/Interim_Report_2009.pdf Good luck all...

looks like the retrace is happening as mentioned...lol. give it another day or two and i think it could be a good entry point. or have u bought back in? anyway, the other undervalued share i was talking about is TSW. good luck if u decide to invest.

that undervalued share i mentioned a few days ago was this tip :- TSW. i've just posted my figures and thoughts. good luck if u decide to invest.

let people panic - it creates a buying opportunity! lol... =) just kidding.

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 35p. 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. EPS 13.43p, P/E Ratio 2.606p *Figures quoted here are as of Friday's 18th September close.