Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@ thelogger You cannot be serious with your last sentence. DB has transformed Coms from nothing into the company it is today. From loss making with a turnover of a couple of million into a company with anticipated turnover of circa £50million and profitable in a very short space of time. In addition it is now very well placed moving forwards as most of the acquisitions have now been fully integrated and the one of costs of this have been covered. Are you forgeting that Coms won AIM share of the year only last year under the stewardship of DB. To suggest he will be dismissed and/or Coms will go bust is one of the most ridiculous posts I have ever read on any board. I suggest you do a bit more research into Coms before posting such nonsense and making a fool of yourself
No problem Wassatt. I'm in both Coms and VMP (much more invested in Coms than here though) Sat on a reasonable paper loss here at the moment but not to concerned. Patience is the key ;) and GL if you decide to have a dabble
Why both have dropped? I can explain to you why Coms have fallen: 1.) There was a suspension because it came to light that there was an error in the figures given for the year ended 31/01/14. The profit figure was amended down; however the amended figure was still higher than the predicted figure given several months before. Nevertheless confidence was hit. 2.) Due to the major acquisition activity at the back end of last year and the beginning of this year there have been significant 'one-off' merger and acquisition costs. These have been greater than DB envisaged and thus it has already been stated the H1 (6 months to 31/07/14) will be loss making. However, please be aware that revenue remains on target and that if it wasnt for these 'one-off' expenses then the company would be showing an increasing level of profit. 3.) D.B himself has made a decision to be less 'vocal' and be more selective with the releasing of RNS's. This lack of news is not something Coms holders are used to and thus I can only assume some people are getting a little anxious about this. For example. Up to May contract news was being released on approximately a 2 week basis. However there has been nothing for over 3 months now. Funnily enough some shareholders were complaining that he was releasing news to often, now shareholders are complaining it isnt often enough. 4.) Aim in itself has been in for a torrid time (short attacks etc) and apparently summer is a 'slow' period anyway. I'm sure there are others and people can add their own take to Coms. Nothing has changed and the future for Coms is looking very good under the stewardship of D.B. The current price is a joke and a steal imo
Cheers Kums: 2 weeks - Sunday 8th
Good afternoon ERV, great to have you over here as well. Like you say not a lot to go on, I'm purely in here because of the DB and helium connection. I like you had been following for it for a while. After reading what 4petessake wrote it made my mind up to put a few quid in here and see how its blossoms. (no touching of my others that are all safely tucked away in ISAs now) I'll be hitting Vegas hard and a nice payday will make it even sweeter :)
Thank you Kenny. I return last week in June so hoping for the SP to be above 1p by then. Will be a nice wedding present
Nothing has changed here. Think we will see some buys this afternoon as investors take the opportunity to get onboard or top up at these prices. 'Special offer, one day only, get your 10% discount on the purchase of your VMP shares' :-D
Yeah, people will top slice and/or try and trade it. Each to their own. Me personally, I dont want to be 'out' when news hits because you'll be paying a hell of a lot more to get back in. Things appear to be heating up here so maybe news sooner than expected. I'm always positive about the stocks i'm in though so I could be totally wrong!
I'm with you Kenny. 1p is just the beginning. I'm excited about where this could go and willing to hold for a considerable while yet
Nice to check in here on a daily basis and see it blue again. 3% a day will do me just fine :)
Yeah, sustained buying pressure at the moment. All looking good
Yep, no doubt about it (definately for Coms as I'm much more informed about that) its just a matter of when I'm in no rush here but nice to see SP moving in the right direction prior to any news that is hopefully on its way sooner rather than later.
Morning Kums, your doing a sterling job of keeping this BB 'alive' Thought I'd pop over here and away from Coms for a bit of a breather. Where we having the 2p party :-)
Kums, you are mirroring my thoughts exactly with this post. Time will tell but its looking an astute move at the moment
Thanks for the welcome 4PS. I have quite a few shares in here now and not far off approaching my Coms holding in terms of number of shares. However, my total investment here in monetary terms is significantly smaller than in Coms. I'm quite happy to 'forget' about these and see where we are in 3/6/12 months time.
Hi KUMS, nice to see a familiar face :) Yeah, I've been reluctant to jump in here before now as wasnt sure what kind of time frame would be involved before things started to be put in motion. Looks like things are happening now and although I could have got in cheaper, I'm more confident about my entry point. Like you, I can see a big move northwards on the first piece of substantial news and I dont want to miss out.
I've got a substantial holding in Coms and been following this for a while now since D.B and Helium got involved. I've got a little spare cash and so dipped my toe in here. Was very interested to read what 4PetesSake wrote yesterday as well. Feel the time is right now. GL All