Member Info for testpack3

Majority of posts are of the accord that there is only 1 way for the sp to go - North. The fundamentals also suggest this direction. I would not disagree. However,since the business CGL is in - risk, I am reminded of an old saying, 'always expect the unexpected'. Reading through the bottom pages of H1 results ( admirable as they were), I noted 2 inclusions: 1) less than`$50M will be included as claims in H2 for MH14 and loss of aircraft at Tripoli airport following rebel action. 2) An increase in income for ' catastrophic' events, although premiums for such events have decreased by 6%. No 1) as stated in rns H1, will have no significant affect on results for full year. No 2) This is where the waters are muddy. The co, attempts to explain it's risk management modelling by citing a number of possible 'high cost' natural disasters. eg., typhoons, and earthquakes in Japan, Hurricanes in Gulf of Mexico and Florida, flooding in Europe. It does not however give any indication ( as far as I could ascertain, apologies, if incorrect) on the number or frequency of such catastrophes. I am sure the modellers have given probable numbers to these. This is where the crux of my opinion lies. Whatever has caused climate change is not the issue, the fact is, that in a lifetime, weather patterns have changed. What were once called 1 in a 100 year event, can now happen in successive years. Square law probability theory will give possible time scales, intensities for such events, and give a monetary figure. But it must also be within the bounds of probability, that it is possible for such events to occur, all of them, not once, but twice or more, within one accounting period. An actuary might say, if asked, that the probability of such events happening is less than 1%, or another low number. The co is increasing it's exposure by writing more business, and doing it for less income, ie: increasing the risk factor. In the 'probable' event that few of these catastrophic events occur, it promises to be another stellar year for the co./ However, if the unexpected were to happen, with a MCap of £1.8B, the sp would go South,and way South. I only post this to temper the enthusiasm of what has been described as a greatly undervalued share. It is, if there are not too many disasters. All IMHO of course, DYOR, and GL

One of the most prevalent trends in the architectural world today is the shift towards a reduction in the consumption of energy; a reduction in carbon emissions, a focus on green principles. The first whammy, IMHO, will be the continued use of wood in meeting the above criteria, and an increase in wood usuage in both structural and aesthetic applications. I believe AXS is at the forefront in this regard. With new production facilities coming on stream in the next 2 years, and with an enlarged profile around the World, AXS should move into +ve PBT in the next 2 years. The 2nd whammy IMHO, is the price in Eu, equating today to 15p. If we buy in GBP, I see this also as a hedge against a falling GBP. The present malaise in the Eurozone will come to an end. £1= Eu1,25. If GBP strengthens v Eu, then I would assume the GB economy is doing well, and our other shareholdings may be doing equally as well. I rate this outfit, notwithstanding the debacle over Diamond, which I think will now benefit both cos, going forward. All IMHO of course

No problem for me RobbyB. Hope I read it correctly.

We already know the 'bones' of the results. Income £10.8M, EBITDA loss of £5,6, Of more importance iMHO is if there is news on trading between 30/06 and 25/09. A trading update with further sales of SV in other terratories will move sp North. I doubt much will happen to sp until we get a clear indication of the time scale for the co to be +ve EBITDA. I can't remember seeing rns saying when +ve EBITDA likely. I think SV has a modest price, is a consumable, but will need an awful lot of sales to get +ve EBITDA. All IMHO of course.

Interesting in that it confirms fracking is v, expensive. Aggregate capex last year according to ft article was $120B, and generated cash of $122B. The capex is ongoing, and possibly increasing with inflation, and any fall in oil/gas price ( probable) is bad news for the frackers. Allegedly, The Permian shale in Texas, is the 'best' in the World ( well it would be, being in the good ol' us of a), and being dense and brittle is ideal for fracking. So to 3legs, as earlier posts of mine stated, I sold today, at a modest profit, since IMHO, the share trades show nothing like a gusher will be the outcome in Leblow. From memory, and apologies if incorrect, commercial gas flow is of the order of 10mmcfd. Gas prices are better in Eu than USA, and there is obviously, a near market, and big market in W & E Eu, who are presently importing gas from Russia. The whole point for me is this. Is the Baltic Shale conducive to commercial gas production from fracking. Other contributors have suggested 3legs is de-risked owing to it's cash hoard. If the present frack turns out to be a duster, will they shut up shop and distribute cash to shareholders, hell no. They will cash burn 'til either they get a gusher,or spend, spend and it's all gone. Again I will re-iterate earlier posts, should 3legs have a gusher, there will be plenty of buying opportunities after 'spike' profit taking. The sp will not find it's true value in 1 trading session. No share ever has, and no share ever will. I have taken a moderate position with San Leon, who hold zillions of acres in the Baltic play, and will gain on any good news from 3legs. It also has commercial fields elsewhere to generate cash. Unfortunately, it has 2.5B shares in issue. A10p sp would give them a MCap of £250M, assume PE of 10, can they generate PBT of £25m?. If 3legs find gushers, then it is more than likely SL will, and £25M PBT should be a stroll. So for me, SL is better de-risked, and offers most of the upsides of a 3leg gusher. All IMHO of course.

follow the same course. Similar cos., same market place, same divi policy. Naibu is presently trading PE <1, and yield of c12%. I am not ramping this one, and have only had a 'brief' look at fundies, and web site .Look ok! I'm a lth with CAMK, and hopefully I will attempt to take a 'ride' on Naibu with pi's here who have done due diligence' No offence taken if told DYOR. GLA

Well spotted oliver, and the seller was one of the original investors, who have been selling, as they said they would, and supressing sp. I believe there are more sales to come from original investor pool, but they may be restricted on time scales. However, bodes well for the future, if CAMK continue to grow. I would like to see them in the Russian market. Gets pretty cold there, and with sanctions etc ( working both ways now),, now would be an ideal time to takeover the McDonalds lease in Moscow,

I have finished the looong book, as per yr suggestion. ( Fauna and Flora of Brasil [ to include introduced species]), and I'm back at 3legs. I would liked to have seen a much bigger flare ( is it still there). I would have thought, since a succesful frack , with commercial hydrocarbon production, would be game changing, that more pi's would be taking a punt on this share. I.m going to bite the bullet on this one, at this time, and sell. Little interest from people 'in the know' on this one, GLA

They are not life changing buys today 2 x 50000 shares, But the buyer(s) is of a completely different opinion to me re DQ. I hope I am proved incorrect. Maybe it's Chinese ( or better still, Indian) whispers. C'mon DQ, get those receivables in the bank.

in seconds of each other, was a tad early at 50p, would have got 54p a few hours later!!! However, did who the seller was 'encourage' the upward sp movement 30 mins later?. Of no consequence really, but good to see movement coming up to rns. Has to be an excellent hold, and probably a good buy at this sp - hasn't it? GLA

Hi mr_q. My thoughts may not be 'wise', but they are true. After DYOR, you will come to the same conclusion as me. In the main, I invest in OEM's with patents. The upside to IKA is immense, however, there is worldwide competition in this market place, and the 'winners' will reap vast rewards. I bought in last year in the low 20p's, and was due to take profit when I saw that R Griffiths had bought 10% of company. I did not need to do any more research, he has done it for me. I'm still holding original, and have bought more. It's now my 3rd largest investment, and I see a sp of £3 in 2 years. The co has c70m shares in issue, and would need EBITDA ( on PE =10) of c £20m, to give this sp valuation. The market for solid state micro batts, is estimated to be worth >£1B yr 2017. With the expertise and patents in place now, I would be disappointed if IKA did not manage 10% of this market. This order of revenue will easily facilitate the aforementioned sp. AND, H2 fuel cells. This market is vast, and IKA are at the cutting edge. I have tried to see the possible downsides, and graphene inclusive batteries come into the equation. I am trusting the BOD's, in so much as I think they have their finger on the pulse. In any case, R Griffiths' thinks so, and that will do for me. ( ps mr_q, RG has recently invested in another OEM, Flowgroup, again energy related, and u might want to give that the once over) All IMHO of course, GLA

They are not mine either truegent. I have posted negative since the fiasco over sales ledger. I'm still holding some,( in 4 a penny in 4 a pound),. IF dq receive all monies due, then all is rosy, and we get back to 18p +. Do I trust BOD to get money in? No. Is the BOD offering discounts to creditors to get money in? Hope so. I assume PDMR's are doing all that is possible, in the juggling act, of obtaining new business, and threatening legal action. Well, good luck with that. IMHO, the situation is knife edge, but not irrecoverable. Big ol' balls on a knife edge! Quickly moves on. GL

Agreed, however, do not see 'doubling' in near term. CGL obviously show v good ' risk' . management, and I would be v. happy with 10% upside in the run up to the Autumn. C IMHO of course.

yesterday was that SDY had fabulous first Q. Nothing however on T/O.

Price up a few % and big sells going through. Market does not like this stock. However, W Buffet always says, buy when everyone is selling!!!! GL

last year for 6 months were out on 17 Sept. Recent rns state trading in line with market expectations. If so, this should give hefty spike in price. With PE <2, and PS = 0.37, has to go north big time, hasn't it? The middle class, and their kids are still growing in China, and with more outlets opening ( 1400+), business must look good. However, market doesn't think so. Any one out there with any insights into the Chinese market? GL

as jolly stated is irrevalent with 'still' £24M owing on sales ledger. If u were a creditor, and with the risk (high), of dq going into admin., would u pay them. I wouldn't. I would have all the letters from the Administrator demanding payment, light fires with them, and see them in Court in 2 years time, and argue about 'non-fulfilment of contracts. I can only assume the BOD's are busy trying to salvage as much of their own cash as possible. This is a dead parrot. And I wish they had the rights to that sketch. My hope is that they find a buyer, with a small premium to the present price. My fear is administration, and the present CEO buying it back for a rupee.All IMHO of course.

Great find Spec. Thanks. Lets hope the flare is not from a badly maintained cooking system. lol GL

sorry, should read cf to nett income Q 30 June 2013

Good find ianous, and bad news. In a nutshell@ Nett income Q to 30 June 2014 206 Cf to nett income Q 30 June 2014 304 Loss for Q 70 Profit for Q 115 Int & Finance Exp 75 50 Loss after I & F 142 Profit after I F 67 Beggars belief. We will get the usual from BOD that business is much better in 3rd and 4th Qs. Can anyone see anything good here. It's only about 3% of my stock holdings, but I am averse to being taken for a ride.