Member Info for the_shareminator

Perhaps a trading update next week or soon after followed by Final Results in early July. A number of saucy smallcaps with similar newsflow due. Experience tells me to buy on 'rumour' (anticipation) and sell on news, more so when stocks are trading near yearly lows. The question is whether this has under-performed or is just suffering from a quiet spell. To be on volumes returning or not...

http://www.iii.co.uk/articles/317747/stockwatch%3A-cheap-and-sensitive-turnaround

http://www.iii.co.uk/articles/318067/two-small-caps-worth-watching

http://www.iii.co.uk/articles/318840/insider%3A-six-figure-buy-seven-figure-sale

He only has himself to blame. Noone forces you to press the magic button, especially when stocks double or triple due to low liquidity.. It's good to see some interest in a Malaysia stock though, like RCI earlier this year. MMs can run short of stock quickly as this showed. Compare this which turned just £704k revenue in the first six months 2015 and a loss of £112k to MobilityOne (MBO), a listed Malaysian based stock which turned over £31m in the first six months and a profit of £220k it's only a matter of time before the market wakes up.. Both MEDI and MBO valued today at around £2.4m

Days like today make up for all the wrong days lol. Don't be the last one out the door folks :)

Utilico Emerging Markets Limited are invested with around 9%. http://www.iii.co.uk/research/LSE:UEM http://www.uem.limited/files/9114/6313/9377/UEM_Factsheet_April_2016.pdf

Interim results below expectations, in part due to Korea which was pointed out some months ago. Today's reaction just shows how many didn't see it coming. 110 looked expensive, even more so now but after today's fall it's still holding onto 100. The Director sells were a clear warning sign that the share price was getting ahead of itself. Today's results justify that assessment. The lack of institutional demand in the period despite 'banging the drum' suggests what they think also especially with the uncertainty of the second half trading and beyond. Brexit or remain. No obvious growth shoots visible

http://www.iii.co.uk/articles/315049/rosy-albeit-contrarian-play

http://www.iii.co.uk/articles/312221/stockwatch%3A-property-company-going-cheap

MBO's chief executive Dato’ Hussian owned more than 33% of the company when it was listed back in 2007 and this fell after a placing diluted his interest. He increased his shareholding in October 2010 when GHL Systems Berhad sold their holding to him taking his holding to just less than 33% again. In September 2012 Director fees and loans outstanding to the CEO were converted to stock at 3.5p per share (premium to the market) taking his holding to 37.99% of the capital. In late September 2013 Dato' Hussian bought stock at 2.5p from another major shareholder at a 11% premium to the previous days closing share price taking his holding to 50.2% of the Company's total issued share capital. The market responded positively with the price doubling in the space of a week. H215 results due out in June. H116 results including the improved MYR:GBP exchange effect due out in September. This will be trading up around 3p by the end of autumn in my view. Net profit will be around £700-800k per annum and rising. The net debt position will reverse to net cash for the first time in the company's trading history. Business is expanding, gross profits also - healthy outlook.

Well again, your last comment Dibs really does you no favours as you clearly haven't researched MBO's past. MBO's chief executive Dato’ Hussian owned more than 33% of the company when it was listed back in 2007 and this fell after a placing diluted his interest. He increased his shareholding in October 2010 when GHL Systems Berhad sold their holding to him taking his holding to just less than 33% again. In September 2012 Director fees and loans outstanding to the CEO were converted to stock at 3.5p per share (premium to the market) taking his holding to 37.99% of the capital. In late September 2013 Dato' Hussian bought stock at 2.5p from another major shareholder at a 11% premium to the previous days closing share price taking his holding to 50.2% of the Company's total issued share capital. And guess what, the market responded positively with the price doubling in the space of a week! But this bares no resemblance to the situation at all as there has never been a takeover approach there to date, MBO is ticking along unnoticed but will be pull some impressive results in June, more so in September. Anyway point being, MBO's CEO acquired stock at a premium to the market price and the market responded positively. There has not been a takeover approach. The interested parties here have only declared an interest. The market is aware now and judging by todays trading activity there is some anticipation. Certainly not a sell-off of existing shareholders. Receivables to be clear are current assets, not debt. In this case payments due. The worst thing that could happen would be a write-down of the assets which would impact profit for the year but not cash-flow. The company is profitable and growing. So even if the entire value is written down you have a company generating £1.5-2m profit per annum. No debt. Cash-flow generation is impressive and has been funding the increasing backlog of receivables due yes, but that is not to say all future revenue generation will follow the same trend. Nor do I believe we are about to see the entire value of receivables wiped off the balance sheet with a cursory glance.

Yes AST is a case in point, well said. Your posts regarding the valuation are sensible and lets hope the market will react like we expect :)

21/04/2016 08:11:20 SYQ 20.70 O 6,000 21/04/2016 08:09:10 SYQ 20.00 O 6,000 21/04/2016 08:07:48 SYQ 20.50 O 20,000 21/04/2016 08:06:44 SYQ 21.01 O 6,500 21/04/2016 08:06:21 SYQ 23.40 O 1,500 21/04/2016 08:06:19 SYQ 23.40 O 17,072 21/04/2016 08:04:27 SYQ 24.00 O 25,000 21/04/2016 08:04:19 SYQ 21.15 O 5,000 21/04/2016 08:03:15 SYQ 23.00 O 6,000 21/04/2016 08:03:00 SYQ 24.90 O 7,000

24p paid

LOL what a ridiculous post, did you mean that in jest or are you actually serious? Read the accounts again I suggest. They are valued at just £4.8m and are expecting to receive the £11.7m in trade receivables. Turnover was up to £11.61 million (year ended 31 December 2014: £10.67 million) and would have been 15% higher but for the depreciating Ringgit. This has now reversed so expect it to benefit SYQ positively in the H116 results (not the H215). Profit before tax of £1.38m up from £960k in the first six months a year earlier. Very encouraging signs of expansion elsewhere contributing to growth. Receivables expected to be collected. If they are not then they are written down and the Directors know this, so why make an offer beforehand? They would have released the news first, watch it tank before making an offer. No, this looks like they are aware of 'X-amount' of payments collected and want to take the company over on the cheap. I've said for a while this is too cheap and now it looks like an inside takeover is going to see this go for a lot less than it's current value. Good luck getting yours substantially below 18p though haha

Edison have tipped this but still looks pricey. Why take a risk in a loss-making outfit

I think it's wishful thinking that SYQ have run out of money. The business is profitable. The Company ended the period with net cash of £0.58m (H1 2014: £0.45m) and trade receivables of £8.4m (H1 2014: £5.4m). Let's focus on that huge increase in receivables, the company are waiting on some large payments and are quote "now coming to the later stages of the payment plans struck with its primary customer for recovery of 2012 and 2013 billings". - "all trade receivables are now classed as current assets" - so not only has the cash position increased to £580k we are waiting on a large portion of current assets to become cash. "In addition the Company has access to a £3m working capital facility should it ever be required. The Facilities are secured by a fixed and floating debenture over the assets of SyQic Capital together with an assignment of the contact proceeds. In addition, the amounts capable of being drawn down on the facility at anyone time are dependent on certain coverage ratios on amounts placed in a fixed deposit account with the Bank." - It does read like SYQ are required to deposit a certain amount of cash and insure the value of the facility using assets. But how much is that likely to be? Not a huge amount I would imagine and if it gives SYQ access to cheap cash-flow in order to boost growth and maintain the current pace collecting receivables in the short term it looks like a good trade off :)

I hope you sold GeraltofRivia

I hope it's not a takeover bid at these prices