Member Info for testpack3

The present operation is open cast mining,

Because it's already tanked 40% in 6 months doesn't mean thee's no room for further 'tanking'. There were $9B worth of contracts signed with Indian PM, and the majority were 'small' $M contracts, some were a few 100 K. I thought the interest from India in SRT ( your post) was multi $M. No, I didn't realise the USCG forecast by SRT had been watered down. Now struggling to see where 'game changing' revenue is coming from. Long term prognosis is that this co could be a 10p sp outfit with revenue ensuring Simon builds up a healthy pension pot over next 10 years. As 50glass posted, SRT is good at jam tomorrow, but unable to 'walk the walk'. Pity really.

signed by Cameron and Modi for various UK companies,when Indian PM in London, but nothing for SRT - very disappointing. Will now have to wait and see what value of contracts SRT get from USCG in March ( deadline). If small, then sp will tank.

Wise investment I'm sure. I would suggest the 100K or so shares traded 2 weeks ago on the Th, Fri and Mon., were the Sh Mag buys. Hardly any trades since then, and today 220,000 shares traded, a volume not seen since the July rns of prelim results.. If one looks at volumes, there was similar activity in increased volumes 3 weeks/a month before the prelims, and it's probably a month before 1/2 year rns is due. Still suggest 'insider' knowledge to me.

Is regulatory since 1 month has elapsed from resignations. However,, AIM was the vehicle to trade the shares. Although not traded, shareholders still own whatever assets the co has. Zhang will have to appoint administrators to wind up the co, if the co is not a going concern. The website appears to have been shut down and that itself says 'lights out'. Zhang went a long way to explain where 'the cash' is going, but it did not account for all of the alleged cash. After 'paying off' the distributors, and 'helping' new distributors with purchases, there is still alleged cash of £15M. If this cash is there ( remember this all hypothetical), for Zhang ( with 75% of shares) to get his hands on it, would have to re-list co ( in China?) to return assets to S/H. In any event, co. will have to provide audit on where cash has gone and file for bankruptcy. All this is assuming that .someone can extricate him from the opium den, or perhaps he's busy counting the returned stock from failed distributors, and jimminy cricket, there's a lot of that. lol. All IMHO of course.

Looks like a lot of 'insider' buying today since BOD's will know 1/2 year result. Had the divi paid on Monday, and didn't re-invest it - drat! Will it increase 1/2 yr divi - probably yes. Sure to be some profit taking at 17.75p sell, and may get a drawback in sp either later today or tomorrow. Hope so, since a top-up is required. Very much on track for 25p with final result next year. All IMHO of course

'the sp of PLUS will fall to around at best £3' - if deal fails. How do you arrive at this £3, since the last trad stat from PLUS suggests you are very wrong.

Do not understand yr reasoning there cm45. If holders on PLUS bb believe sp will be much higher than £4 offer price, then they should re-mortgage house and every other asset and be in a win-win situation irrespective of result of T/O. I was a PLUS s/h and made decent profit on it's rise to £7.50, bought back in when sp tanked to £2.40ish and sold again at £3.90 post £4 offer. I am not domiciled in UK and hence sale and not buying in now, although I have suggested to family and friends domiciled in UK, it's a no brainer at the moment. In MHO of course.

there is a red flag. which is why I suspect some investors have sold out. The red flag is AISC . The qouted figure is $900-950/oz, which is on a par with some of it's peers in junior miners. However, the majority of it's peers are working with Au grades of less than than 3g/oz of mined ore. SRB is allegedly working with Au grades of 10+g/oz of mined ore. This effectively means that SRB (in a 7 day week), should produce the same amount of Au in a little over 2 days that it's peers take 7 days to produce. ie it should have a very low cash cost. With the reported AISC and a Au price of £1150/oz, profit before tax, capital costs and finance charges, at 36K oz/a is £7,2M. The finance charges will take a significant part of this, With the vast majority of shares in the hands of Fratteli (?), one might suspect this operation is purely for the benefit of the finance holders for the company, PI's might benefit on sp if POG reaches £1300+/oz. There is something not right about that AISC> In MHO of course

If you read the last rns from PLUS, it states it's increase in customers yoy, and it's much increased R&D expenditure which is due to remodelling of it's regulatory obligations, which it now complies with. In any case, when deal goes through, the synergies are immense, and PLUS customers would eventually be part of the PTEC regulatory compliance model. The acquisition would bring cash ( $95M last reported), and profits of c$100M to YE15., down yoy due to increase in R&D). PLUS's sp before reg. debacle was £7,50 giving MCap of £862M. PLUS is being bought with cash, already raised, thus no further share dilution, and it is reasonable to expect, that once synergy is in place on all fronts, MCap of combined group to be c £3.6B and sp if £11.30. The AVA deal in Ireland is a red herring, if it goes through or fails. The FCA is not based in Dublin, and there is no reason for the deal with PLUS to fail. The present 50p spread on PLUS sp to the cash offer is, I suggest, because of Israeli tax payments for non UK domiciled investors, and even for the domiciled (?), registering forms with relevant authorities, who may check voting registers, tax returns, may not be a road they would want to travel. If investors have no fear on this score, then there is c15% return within a month or 6 weeks. All in MHO of course

Good find. Every bin has a silver lining. Half year result due first week Dec. Should make v good reading.

Bit of a long rant here I'm afraid. Pollypeck and it's CEO , Azil Nadir, went from AIM to FTSE 100 and eventually bankrupt. SFO investigated, and said he personally defrauded £150M. He returned to UK from N Cyprus to clear his name ( and get travel restrictions removed)), a few years ago,and was found guilty, and is currently servicing 10 years at Her Majesty's Pleasure. Probably serve 5 yrs, and after that, anywhere in the World with loadsa money. How many of us would do 5 yrs for £150M ? It's not much use when doing Due Diligence,(DD) and looking at Key Performance Indicators (KPI), when, at the outset, fraud by the CEO, BOD's is on the table. Forget Pollypeck, look at RR in '73, Tesco last year, both FTSE 100 cos, and still trying to fiddle the books, with the auditors. either lack of knowledge, or DD. Since AIM came to the market place, the average loss per company is over 80%. The raison d'etre for ANY AIM co, is for it's CEO and fellow BOD's ( and in some cases II's) is to secure their financial future. Don't look at the number of shares they own, or the warrants they may issue themselves, thinking if the co is liquidated, they are in the same boat as you, ie, penniless. Wrong. Look at the salary they pay themselves, and more importantly, the pension pot - all funded with our cash. There are many AIM cos, who have 'jam tomorrow' rns's, not making a bean in profit for shareholders, and their pension funds I envy. The co has an alleged $80M in bank a/c's, and was attempting to raise a further $100M from a failed junk bond issue for 'further expansion'. Get outa here. So, if this is a scam, Costis will be in a County which has are no formal extradition treaties with the UK. ( Not listed in USA, so it will be ambivalent to any requests from UK, or take years with appeals) . The denial will be intersting reading, and some S/H will get relief from it, alas, short lived. See QPP, CAMK, to name two, but many, many others. We do our best with DD, but if fraud is the objective, we are screwed. Naturally, all this is my opinion, and I hope I'm totally wrong and Costis will return, in cash. some of the bank holdings. BTW, not a S/H here now, but was a year ago until I saw read tis for A/cs 'A further analysis of the Group's revenue for 2014 is shown below: Third party goods Telecom services -S.a.a.S. Mobile products and services Total €'000 €'000 €'000 €'000 Consumer mobility services - - 38,491 38,491 GO!Enterprise products (EMM & MADP) - - 32,589 32,589 Mobility Business Solutions (MBS) - - 25,319 25,319 Third party goods 3,341 - - 3,341 Wi-Fi Broadband services - 638 - 638 Software as a Service - 6,008 - 6,008 3,341 6,646 96,399 106,386 Sorry it pasted like this. but look at A/cs for 2014 fro readable version.

why the decent rise on no news, no significant buying? Do the MM want some shares? Is there an rns on Monday? Whatever - very welcome.

'Sold cheap' - Look at the White Knight - An Israeli co buying an Israeli co - nuff said oi vey. The vastly increased R & D costs which PLUS announced in the last rns are primarily due to 'controls' on the regulatory governance. In my opinion, the smart money should now be buying Playtech.

Toyoto ( BBC World) that it only expects to manufacture 30K H2 Fuel Cell cars in 2020 compared to a total car production of 9M. ( BBC gave no figures for Electric car production). IKA is in H2 FC business and has JV agreement with Toyoto. I see this as a Toyoto Distributor/Agent problem. The real cash for the latter is in servicing and parts, with the major money in the Internal Combustion Engine. When one realises that ICE's worldwide put more greenhouse gases in the atmosphere than all the coal fired Powered Stations, one would hope the sentiment would be to replace ICE's ASAP. Of course, Toyoto derive considerable income, not only on OEM parts, but also on the franchise agreements. With the lack of any concrete news from IKA in recent months, on any of their many fronts, and decent profits already priced in the present sp, it's time to move on and await news that the company, can indeed, generate a healthy revenue stream. I fear this maybe a few years away. All IMHO of course

The $85M inc ins payout. If it returns £1.45 ps, cost would be c$63M leaving $22M balance from which it will have to fund redundancy and other associated employment termination costs. Todays' rns stated 'sufficient' funds would be retained for corporate purposes. Historically, it has not needed a significant cash at hand balance. I am hopeful, since Prescott is cash generative, that the payout may exceed £1.45, since this figure was guidance only. I wonder is Mr n Mrs Bennett sold their 875K shares today when sp was up 4%. A cool £50K+ profit in a few days!

Is this the same smart money which made the sp hit £7,50 before the SHTF? No new short positions added since July '15, and are less than 0.5% These are the facts, unless BOD's are lying. YOY revenue up Margin down to 44% from 68% YOY new customers up 46% YOY active customers up 38% FY14 profit $102M. BOD do not expect profit FY15 to match FY14 Cash end June $95M ( not including customers cash) Now an assumption by me. Profit FY15 down 40% to £60M. ( interims already showed $46 M profit) Divi payout at 60% ( historical), is $36M or 31c ps or 19p ps, giving 5.35% yield on todays sp. No debt, loadsa cash. It computes.

has raised nearly a Billion pounds for RR. It already has £1/2Billion in reserve from the withdrawal of buy-back. 1/3 of the notes mature in 2020 and 2/3's in 2025. I read this as cash flow problems over the next 5-7 years primarily due to phasing out of profitable engines, with the more advanced, higher cost, lower margin engines, as previously posted. I fear that posters looking for £9+sp within 6 months might have a problem. The co has paid out approx. 1/3 of underlying EPS in divis. and at todays' sp, 23p divi yields 3.5%. Will have to wait 'til Feb to see if co reduces divi, or uses cash balance to maintain it. My vote is on a reduced divi, and will wait n see before buying 'back in' in this great British company. Of course, I may be totally wrong, and hope that that is the case. GL all.

And not company insiders! Hopefully they have purchased on the basis of recovering £1,40-1.45 cash in the next few weeks, which will leave them with 875K shares at purchase price of 24-29p, which they see as undervalued. They did not use a CFD (25% margin), and as you say, have invested £1.479M in cash, although it is possible they used a T20 facility, and had an inkling(!) that the cash refund will be within 20 days? Even so, to use a T20 for that amount, with a broker means that they have substantial holdings with the broker, and have done DD. I wish Mr n Mrs Bennett good luck with their choice. I may just have a top-up.

If deal goes through at £4 cash, then 10%+ return in 4-8 weeks. ( subject to holder completing ITA form for tax exemption). If deal falters ( unlikely), then holders who were bemoaning £4 amalgamation price, will see the sp once again hit £6+ in few months, as verified from details in last trading statement. Win Win situation. All in MHO of course.