Member Info for testpack3

Happy New Year one and all, although not the best of news for holders of CRU. In the great scheme of things, this event is a buying opportunity, at what, I believe is a cracking price now. I am disappointed with the level of debt at £1/2M. I wonder what the time scale is, and the monthly invoicing? It will be a reminder to BOD, that, no matter what the size of the customer is, chase the sales ledger, and if getting uncomfortable, stop supplying, It pays in the long run. Still long and strong.

Mav2 ,I think you will find that todays rise is due to Toyota releasing details of it's H2 Fuel Cell car (Mirai). We know that IKA has a jv woth Toyota, and the H2 F,C, are probably IKA's. All in MHO of course.

If Mr Zhang had elected to tale his divi in scrip shares at 2.4p ps at strike rate of 36p he would have received c 3.3 m shares. The total scrip was 690.000. The total no. of shares then to be bought back would be 3.99M The shareback I suggested would naturally mean that Mr Zhang, in order not to increase his %age holding, would have to sell his 3.3m shares at market price when scrip shares were admitted ( today 19/12). He would receive £825K. By taking his 2p cash he has received £1M +. He personally would be worse off. If you are saying the market would take a dim view of him selling shares, in the context of what I have explaines, I think the market would see it as positive, and that the co does have cash in the bank for buyback. He may not want to sell at 24p because he knows the sp is undervalued. The sp is going to drift aimlessly until next rns. If it pays say 3p YE div ( cost £2,34M), 5p for year, then sp will rise significantly, but not to 60p. I am quiet happy to hold here as long as divi is paid in cash. If it ceases divi, sp will tank. As I've said many times before, this share is all about believability in the cash balance. btw, received my cash divi today account. so far good. All in MHO of course

Strike price of 16p for options to PDMR's exercisable up to 2024. Not really stretching the envelope is it. I know it represents an increase of c14% on todays price, but over the time scale I would have hoped for a strike price of at least 20p. After saying that, I am looking forward to next trading statement. Yes, raw material costs should be lower, but am unsure over what time scale the drop in oil price will affect plastic prices. The plant is mainly automated, so not labour intensive, and with a OM of c 24%, I would hope that lower cost raw materials will see this margin improve. It's not a glamour industry, and is below the radar, and not prone to day trading. Keep increasing the divi by 10%pa, and it looks a solid investment. All in MHO of course. HXmas, n prosperous NY to all.

£5M payout in 2016 for de-commissioning. Offices and BOD in 2 continents, high cash burn, no income, one asset BOD seem to have forgotten about, Skellig not being drilled 'til 2016, oil could be $40 pb then, it may not be commercial. Lot more red flags than green. Has AIM got it right, imo, yes. AEY were always going to reject first offer, for their own credibility - at least put up a fight. Will SOU increase offer - possibly another £1M.. Probably hostile. SOU is in Gas, in Eu, big difference for them, Big drills 2015. Lots of green flags, few red flags. All in MHO of course

But not in this millennium Rchimp.

Also bear in mind, if this is for marble from the Prilep Quarry, all of the production and sales is subject to a 40% payment to NWH (Malta) ltd. The real winners. All in MHO of course.

Hi js, I'm in contact with Abchurch (IR's), trying to get contact details for CEO. I want to know why co does not buyback scrip shares and cancel. Scrip just dilute s/h value. It was good to see that only 600K+ scrips were applied for. I saw yr comment on NBU re: 'better buy', I think NBU may well be tantamount to a scam. It has no mfg plant, stopped its divi, which at 2p would have cost it £1.2M, when alleging it has £30M+ cash in bank.!! The big crunch for CAMK s/h will be the next divi rns. If it too stops divi, ( 2p would cost it £2.5M, with again an alleged £40M + cash), then big red flag. If it continues to pay divi then yield will be best in all the market. As I'm writing, have just received 'fone call from Abchurch. Their CAMK guy says CEO does not want his contact details in general circulation. He says he has stressed to CEO the importance of maintaining divi for market credibility, and CEO knows this, and he ( CEO), believes CAMK is being tarred with same brush as other Chinese outfits. So, will wait and see. My av sp is now 40p ( was 60p), but will not av down further. I think you now have a v.g price. GL to all of us with this one.

The competition is everywhere. Good, shows a big market place. I will briefly explain my thoughts on one of IKA product initiatives. Power for electric cars. In collaboration with Toyota, working on batts than can easily have charge dissipated and re-charged. Benefits - more miles on one charge, and re-charged in 10s of minutes, not hours. Some car mfrs are going down route of H2 fuel cells. The electricity is generated in a fuel cell with H2, and gas product is water vapour. Needs H2 refuelling stations ( many are being built), but with obvious problems of iquid/pressurised H2 gas in vehicle, IKA are developing metal anhydrides ( with Shell). These solid compounds, containing H2 molecules, can release the H2 to facilitate the fuel cell reaction. No liquid or pressurised gas on board. Same market, two products, Also, there are many other industrial applications for metal anhydrides. It's not the end of internal combustion engines, but it's the beginning of the end. All in MHO of course, and DYOR

The problem in a nutshell. The AIM was envisaged as a more 'economic and friendly' way to raise money for entrepreneurs etc. However, it has been hijacked by people with a 'good idea', that would have been better off being developed on a small industrial estate with a bank loan, and a few friends lending money, into getting an IPO at exaggerated prices, and PI's with too much money, not doing DD, and wanting to make 'quick' money.There are plenty of good companies on AIM, good products, good management, good profits, but are non glamour, and will never be multi-baggers, and have one poor trading quarter, and the sp falls off a cliff. But hey ho js, take a few seconds to read my post on IKA, and I could be delusional. lol. All in MHO of course. GL

know = now. apols.

We all should be enthused with IKA. A diversified portfolio of future income streams - ss batteries, PEM fuel cells, micro batteries and new alloy compounds for turbine blades in Aerospace.Of course, it is a 'jam tomorrow' share. However, news can come from any of the portfolios at any time. In a few months time, ss batt batches will be in the market place for evaluation. PEM fuel cells are being evaluated know. There is collaboration with Rolls-Royce and others on new alloys. The mobile phone batt. is some time away (2017) before it may be the batt of choice ( £B market). On an optimistic basis, and calcs on the back of a cig box, it could have a market cap of £3B in 3 years time. That's £30 per share. I did say optimistic. Realistc MCap in 3 years, as 'just doing decent' business is £500M, or £7.70ps. I am a LTH, and have been in since 22p with top ups along the way. It is my second most heavily invested stock, and have no need or desire to follow this particular share on a daily basis. It is being well looked after by the BOD. All in MHO of course, and DYOR

It probably is the worst performing market, however, it has also had some of the largest multi baggers. The problem for me with any stock, but particularly AIM is the Audit. I think the auditors can easily be misled by a CEO or CFO, and sign off on what the co wants the share holders to see. This is particularly so with Chinese stocks. It is costly, and time consuming to visit China, visit the factory, visit various outlets to see at first hand what kind of operation it runs. There is obviously a big credibility gap between the sp and cash in bank at CAMK. If the CEO is gilding the lilly, he has thrown in a few diamonds as well! I don't have a large exposure here, and will see what the YE divi is. My av price is 40p, and if it pays another 2p YE ( would only cost a few £M), then 4p a year, every year for 10 years and all my costs recovered, irrespective of share price. It has the cash flow and cash to accommodate that divi. If, however, it fails to pay a YE divi, then the audit is a scam, and take the loss. I would not buy NBU with yr money. All in MHO of course. GL

Todays fall says you are correct js. All tarred with the same brush unfortunately. D Stewart, NBU's NOMAD has had it's license withdrawn. But CAMK have a different NOMAD. NBU, stated it built a factory, closed it because it could not staff it, and are therefore 'outsourcing' everything. Not a good situation for them. It also states it has £30M cash, cf CAMK £46M. The Chinese love cash in the bank? As posted previously, it's all about believabilty.

If we take the 6m results and subsequent rns's as gospel, then this must be the bargain of the year. £46M cash in bank = 64p ps. and the sp is c30p???. Trading in line with expectations, although will be down by 13%, still gives +ve cash flow. Another 2p+ divi for yr end gives yield of c14%. I can see no reason in keeping this cash pile. £16M cash would be sufficient, coupled with trading, to organically grow the business and fund new factory. If I were Mr Zhang, I would shut up the doom mongers by making a one off 40p ps return of cash to shareholders. Now that would be a nice xmas present for all s/h, including Mr Zhang. On every fundamental parameter, this share has green flags flying high. Q) Do we believe Mr Zhang?

Was looking frwrd to yr reply to ADA, but I can understand why u r quiet. However, yr last post stated you knew exactly what was going on with 3L, and yet, u posted last Thurs, at 08.16 'nobody has a clue' - I did, but unfortunately u did not.. Please research companies before u invest, and read rns's, trading statements, etc .,and do not rely on bb posters for yr decisions. GL

And the recent figures from rns do not include for any income from SAGA in Scandinavia, and it will be telematics crazy. SP should be a £ b4 new year, and good the spread is looking a little more comfortable. High recurring monthly income, only 29m shares in issue, overheads look to be about £6M/y. When income is £20M pa, EBITDA should be £3.5M, or 12p ps. Ona 10:1 PE + £1.20ps. I trust it is looking at N American market ( where Quindell states it is the prime telematics mover), and if successful,it is a gravy train. All in MHO of course. and GL

Nottspie. and others, read what notty wrote about Adams (ADA), and its sp. hahaha. Then tell me who the fool is. Cheers

Guys, gals, non of you have a clue about DYOR. This company is in voluntary liquidation. It is repaying shareholders, who were on the register at 6pm 25Nov 18.5p per share on 2 Dec. If you have bought since this date you may receive a payment when the company officially winds up next March. It has already announced that the cash at the end of March may be £900K, or about a penny per share. It will probably be a lot less. Please read the thread 'Qualifying stock' and let us hope you understand it. otherwise you will all lose a lot of money buying shares.

Yes, evryone qualifies, and payment will be made via yr broker, or to you if u hold paper share.