Member Info for testpack3

Hi Libero, long time no chat. I have a small investment here, and also like the look of this. No debt, and good annual increases in all the right markers. No reason why it can't get significant major contracts in next 2-3 years, with sp target of 25-30p. CEO stated that 'significant contracts' were in pipeline for remainder of this year. Not a P Scott fan on Stockopedia, but he must get one right now and again!! All the best and regards.

This is a copy from 18 Sept post, which I believe explains the sp and some broker forecasts. 'The uncertainty for me with the sp, is not what the FY 15 results will be, since we already have BOD guidance on this. The long term sp is difficult to 'guesstimate'. I base this on the statement released saying that the ' very profitable' 700 engine series is being replaced by the more efficient, higher cost, less margin 7000 and XWB engines. We may have to wait 24 months before we know the impact on profitabilty Cash is not a problem since it has scrapped the share 'buyback' programme, although free cash flow may be impacted, and it's ability to maintain divis at current level. A few months ago, I dismissed Deutsche Banks guidance of £6.45, ( notwithstanding the current £5.80), as homophobic, jealous dribble. I now fear its research was based on fact. Will the cost cutting programmes offset reduction in margins?- no. I believe we will have to wait 'til FY17 at least to see the full impact. On a brighter note, TotalCare will do very well, but since future orders will be 'unlinked', revenue will be delayed for TC. I do not believe sp is near bottom, however, in 5 years time, it may appear 'cheap' now. All IMHO of course.. The BOD obviously know the margins on the 'newer' engine replacements, and could give guidance for 2017 profitability. but since it has chosen not to do so, it may well be far worse than guidance for this current year. Yes, it has a record order book, but at what margin, that is the question.

With all the 'goings-on', I think Zhang has taken to the Opium Den. In the Financial Summary of the Half Yearly Report, the last insertion is the cash balance at end June of £45.6M, which he states is 1.0p per share. Obviously incorrect with c77M shares in issue, and should read c58p ps. Later in the report he states EBT of c£700K, or 1.0p per share. In the Outlook statement, he refers to the new agreement with Disney in using their brand for new lines. He finishes his outlook by saying he views the future with some confidence!!!!! I fear he will need more than The Wizard of Oz to extricate the company from this self inflicted dire shamble. He's going down with the ship, his hands firmly clenching the wheel, while the officers have abandoned the vessel, and in the clarity of his thought he has decided to pay the on-board entertainment to leave the ship, and as the waves engulf the wheelhouse, he is gurgling his last words - ' I think we will be ok' One final thought, probably the 3 distributors being paid off for failure are his mother, father, and a sibling? Hope he owes the Triad money.

The uncertainty for me with the sp, is not what the FY 15 results will be, since we already have BOD guidance on this. The long term sp is difficult to 'guesstimate'. I base this on the statement released saying that the ' very profitable' 700 engine series is being replaced by the more efficient, higher cost, less margin 7000 and XWB engines. We may have to wait 24 months before we know the impact on profitabilty Cash is not a problem since it has scrapped the share 'buyback' programme, although free cash flow may be impacted, and it's ability to maintain divis at current level. A few months ago, I dismissed Deutsche Banks guidance of £6.45, ( notwithstanding the current £5.80), as homophobic, jealous dribble. I now fear its research was based on fact. Will the cost cutting programmes offset reduction in margins?- no. I believe we will have to wait 'til FY17 at least to see the full impact. On a brighter note, TotalCare will do very well, but since future orders will be 'unlinked', revenue will be delayed for TC. I do not believe sp is near bottom, however, in 5 years time, it may appear 'cheap' now. All IMHO of course.

Hi GW. Disappointed the placing was at a substantial discount to market price, but, hey ho, the name of the game for the BOD and the ii is to make themselves exceedingly rich. I am still of the opinion that there will be a reverse takeover, to implement bringing to AIM an unlisted company. I do not believe there are any 'small' listed companies out there for investment purposes, whose credentials have not already been given the once over, and represent 'good' opportunities for shareholders, and ore so for the likes of Griffiths, who, I do not believe wants to play for small fry.. Maybe Quested has a little goldmine with his import/distribution business in ME which may want an AIM listing? After a year of waiting, we have activity. Free float shares are few, hence the spread, and will not be adding until company reveals it's plans. btw. Sad to see what's happening at Flow, and Griffiths was out at the right time, like u n me I believe.

Good find CS. I think the revenue at £19.6M is understated. We have had 2 x £1M orders from Ocado(?), and there is the asset acquisition from Neiman. Under the terms of this acquisition, further payments would be made to Neiman when/if the revenue generated was between £2m-£3,5M. in months 4-15 following the acquisition. Including some organic growth from existing lines, I would expect the revenue for full year to be near £22M. Interims in Dec., and unless there is +ive rns in meantime, do not expect any north movement in sp, but will be v disappointed if after interims, sp is not above 20p, and 26p after FY results. Hoping for a v nice Xmas present from Santa JG.

Yes, although the buy was effected within 20 min. of placing the order.

at 16.28 today were buys.

set of investors who are not at all keen on selling on a day when the kitchen sink is being sold. Good on ya.

Good find. However, I did not read all of the link since a subscription is required. Did it say the contract was for $5M, +, and was placed with SRT. Two points. 1) It's a substantial order for a small island. 2) AIM R&R states a rns should be issued before any significant announcement is made in the public domain. Await the rns with hope for this beleaguered share.

I'm unsure how u arrive at residual PE of 4 since I am not aware of any profit figures for the USA plant. It maybe wrong to assume profit as 43% of total. Now that operation is roughly halved, will be interesting to see how many BOD's are surplus to requirements, who are presently domiciled in UK.

Is this a buying opportunity now, or after the release of payment? Assume payment is £1.40. At todays' price of £1.60, the residual value is 20p ps, giving MCap of c £6M. The only metric I can see to value the Arizona facility is the rns stating rev. from this facility was 43% of group ie c $16M or c£10m. At a MCap of £6M, this gives a price:sales of 0.6. This is normally used in comparison with it's peers to suggest if under/over valued. The OEM's is the s/c market have p:s in excess of 2, and on this metric alone suggests the sp at 20p would be under valued. All things being equal, on the day the return is made, and assuming sp is £1,60, then the MM's should have the residual sp of 20p, if £1,40 paid out. However, there are numerous examples, where the residual sp maybe 25p, or even 15p. The former, buy now, the latter, wait 'til after the payment. Hmmm.

Remember people, Aberdeen AM, and Invesco both own about 5%, similar to VCAM. They will both have an equal say on any strategic direction. Personally, I have no problem in RR. disposing of non-core business, but, buyers beware, there is a premium to pay for RR. companies. I do not think payment of the divi this year and next is at all a problem. Onwards and upwards.

Exactly js. Not a 'subject to sale', sale, but to pay compensation as well. It's just to get rid of the alleged cash on the books. Of course, the Nomad will be seeking clarification of all this, ??lol. Will continue to hold and write off the small exposure, but will be interesting to look at next set of accounts, and who signs them off.. It's a valuable lesson, and when I look at Chinese stocks in future, will have a chuckle.

Exactly Mr BB. Now and again MM's reduce spread ( could buy at 16.00p one day last week) and I see this as further buying opportunities. GL all.

I continued to hold some shares, on the contrarian hope that a divi would be re-instated.. The lie is now out. To get 'rid' of the alleged cash pile on the books, it is asking shareholders to believe that 3 of their distributors still held £28M of stock, and that they have to buy back the stock, and pay them compensation. Laughable. As nottspie posted earlier, everyone and his dog knows what's going on here, but the AIM regulators choose to do nada.

Hi V, obviously some bad times on AIM. However, if last May ( say 11 weeks ago), you had taken out a small punt on VAL at .21p, by the middle of the month ( following good news), a £1k investment would have been worth, on paper, £304K. I only mention this because it's a share you comment on. Now, since I did not own any shares ( unfortunately), I have no idea in what volume one could sell it. It wou;d have to be a fool who did not attempt to sell at least 50%. Now, on the other hand, if one had bought after the news, and paid about 60p, things are not so good with the price now at 33p. Timing is everything. There are plenty of these examples on AIM. Choose wisely. Shorts. Plenty of on-line brokers deal in CFD's. I use Galvan as a broker, and it uses IG), Simply deposit some cash, give some personal details ( required for anti-money laundering), and tell broker ( or do it on-line) co. you want to short ( 90% of my trades are long, being more optomistic than you) , and broker will tell you the deposit you have to pay on the margin call.. There are many cos. that you cannot short ( or long) because of poor liquidity in market, and a lot of AIM shares come under this category. Be v v v careful, and choose wisely. the worst downside on a long is the sp hitting 0 and/or B/K. if one has a £5K ( sometimes the minimum) position, on AIM the deposit may be 25% and if hitting 0 ( without a stop loss) one loses the deposit and a further £3750, making a total of £5K loss. If short, there in no max loss ( unless a stop loss in place), since a share may skyrocket ( eg VAL), and losses could be enormous theoretically. Although in practice the broker will sell when your deposit has gone ( if it can?). On a positive note, you are correct in as much it is far easier to find crap cos. on AIM, rather than good ones. Have a gander at CRU, but do your own research, and remember, multibaggers are few and far between, and much better to seek solid cos, with the potential to gain 10-20% pa, and they will make you £millions in 20 years of investing. All in MHO of course, and GL

Came across this one trawling thru this am's rns's. No debt, revenue stream, makes profits, in a growing market ( much competition, but that equates of size of market), formality of getting share premium a/c credit cancelled in High Court - what's not to like, especially in AIM. I appreciate some of you holders who have been here for some time will have plenty to 'not like', especially if buying 4 years ago. On the other hand, must be lots of you who bought in at 0.07 or better, and seen good returns. Good contract wins are hard to get, and I would expect long periods of silence, but with a P/E <10 any decent wins will produce immediate northwards sp. I will have a little nibble at this one, All in MHO of course, and GL to all.

Another significant rise on 'normal' trading volumes. Up 20% this week. If there was massive buying pressure, could understand the rise, however, at a loss to explain these movements. If no rns this week, even more dumbfounded than usual with AIM stocks.

With yesterdays' and todays' volume, it certainly looks ilika ( sorry) 'Chinese whispers' may be at play, Confirmation will be a rns this week, and a positive one at that. With all the product pipelines in play, the lack of news has been v discouraging. I'm v bullish on Elec cars, whether they are battery or H2 fuel cell, believing the internal combustion engine will be banished from Eu and N American roads in 10 yrs time and IKA cover both plays. ( BTW, this scenario would also banish any ideas of an oil price recovery, and would see POO at < $30). If no rns sp will again decline to low 60p's.. Let's hope market has called this correct. All in MHO of course.