Member Info for the_shareminator

Net debt was falling consistently but was up on YE14 results Net debt at 31 Dec 2013 = £657,872 Borrowings total of £1,977,865 - cash held total £1,319,993 Net debt at 30 June 2014 = £435,007 Borrowings total of £1,892,810 - cash held total £1,457,803 Net debt at 31 Dec 2014 = £1,369,689 Borrowings total of £2,977,944 - cash held total £1,608,255 However a significant amount of cash is due looking at trade and other receivables at the end of the period compared to the previous year. According to the accounts the difference in 'inventories' + 'trade and other receivables' vs 'trade and other payables' has risen to £1,510,008 (2013: £490,307). Or simply an increase of £1,019,701 This more than covers the short term increase in net debt on a 2013/14 comparison. Also worth remembering £300k was spent on the purchase of property and won't be repeated in 2015 which would have otherwise resulted in a greater cash position. The cash position has been increasing for the past four years Dec 2011: £543,291 cash & equiv Dec 2012: £844,315 cash & equiv Dec 2013: £1,238,991 cash & equiv Dec 2014: £1,608,255 cash & equiv We can look forward to results contributions from the "More than 1,000 new agent banking points introduced by one of the Group's banking partner recently in Malaysia" http://shareminator.blogspot.co.uk/2015/07/mobilityone-looks-set-for-further-growth.html What is not to like? :)

The company took a non cash write-down (impairment) on disposal of the Indonesian operations in March 2014. MBO would have booked £180k profit but for those writedowns in the first half, and here's why... - "The disposal of the subsidiary in Indonesia in March 2014 had resulted the impairment loss on the amount due to the holding company of £0.56 million. However, the amount is partially mitigated by the gain on disposal of the subsidiary of £0.35 million." An impairment through the disposal of loss-making Indonesian operations to the value of £210k explains the £30k overall loss for the period ... This was a one off impairment last year. The £180k generated in the first half 2014 also included losses from the now disposed of Indonesian and Cambodian operations during the first three months which won't be present in the first half 2015 results due next month. So they booked a £560k NON-CASH impairment, partially offset by a non-cash balance gain on the disposal of a subsidiary for £350k. The difference of £210k being a non cash impairment, effectively a one off write-down included as a loss masking company profitability in order to reduce tax obligations. The impairments were part of the re-organisation away from riskier growth markets and focusing more towards domestic demand. Focus on the cash and cash equivalents and this confirms the picture more or less. Cash increased to £1.46 million (£140k increase in 6 months) aided by the effect of foreign exchange rate changes, whilst loans and borrowings of £1.89 million reduced by £90k. That's a £230k reduction in net debt during the interim period! This whilst the Cambodian and Indonesian operations where loss making. http://shareminator.blogspot.co.uk/2015/02/mobility-one-mbo-expecting-to-move-back.html Full Year 2014 results confirmed the trend. Ridiculous valuation remains.. cash position has been increasing for the past three years as follows Cash at beginning of 2012: £543,291 End of 2012/ start of 2013: £844,315 End of 2013/ start of 2014: £1,238,991 Cash at year ending 2014 was above the £1.6 million I was thinking, cash balance at 30th June 2015 likely to be around £2 million or debts being repaid. The first half 2015 results will be released in September.

WENTY - nice post! It's true RRS are finally debt free and actually increasing margins, very little risk of bust, just the downside if US rates rise so i've got stops down around 3500. There is always going to be an underlying desire for physical so I'm hopeful $900-1000/oz will be the floor in the coming years, atb mate and congrats with VED this week! :)

Interesting time now, time to start researching again. Well down since last Novembers GRL investment still though, that was a bad call by the BOD but finally production expected in the next month or so.

Director buys last week at 350 good to see. Last set of full year results pretty solid with operating profits nicely ahead of estimates at £42m. Interims looked worse than expected which will likely continue to weigh on LSL

Still represents decent value looking forward with forecast expansion overseas and a consolidation of newly acquired Incredibull. Trading update Next Fifteen Communications Group plc, the digital communications group, is pleased to report that the positive start to the new financial year seen at the preliminary results in April has extended to the first five months of the period. Driven by continued strong revenue growth from our North American businesses, the period has also seen sustained margin improvement in the UK and Asia as the Group’s work to simplify its non-US operations progresses. In terms of business development, the recent acquisitions of Animl, Encore and Morar in the UK are making a growing contribution. The Group also announced on 2 July 2015 that it had acquired the brand-marketing agency, IncrediBull, which will become a part of Text 100 next year. Next 15 has now made four separate investments to strengthen its UK business in the last seven months. Elsewhere, we have accelerated our plans for Agent3 to enter the US market in the current year after achieving early success in Europe. Since the year end the Group has added notable additional business from Google, Unilever and Carnival Cruise Lines. These wins, combined with the performances noted above, put the Group in a strong position to deliver on the Board’s expectations for the year to January 2016.

Looks like some shorts have closed, this is bouncing strongly compared to BHP, GLEN, RIO and on lower oil prices too. Good time to take profits?

Nice movement, results next week?

Mining giant Rio Tinto (RIO) reported a 43% drop in underlying profits for the six months ended 30th June, to $2.9 billion (£1.86 billion), due to declining commodity prices. However, the result was still better than analysts had feared given the prior consensus estimate of $2.5 billion (£1.6 billion). Investec described the announcement as, "a good set of results, suggesting the company is hunkering down for tough times. The next six months are likely to be an even more challenging period, given the price declines we have seen so far, with the anticipated oversupply of iron ore yet to fully play out". More pain to come, lower lows to come in the next couple of weeks in my opinion.

JSI should invest all their spare cash in the crayfish craze! Proving very popular in south east asia these past few years

This makes for an interesting read To return to the summer of miserable macroeconomic news, the Taiwanese Government has published fresh GDP figures for the second quarter today that show a year on year growth rate of 0.64%, well below the 2.67% that analysts had expected and the lowest quarterly rate since 2012. This matters as part of a wider discussion because the export orientated Taiwanese economy is fuelled by overseas demand, particularly that of China which is a major market for its electronics, and is part of the logistics chains of a number of major manufacturers. If Taiwan's economy is slowing down this sharply, then we can perhaps infer a few things about economic performance elsewhere in the region. June's export orders were around 5.8% lower than the same month in 2014. Given that orders generally lead actual sales by 2-3 months, we can perhaps expect some of the malaise on the Chinese stock market to spread to the real economy in the third quarter.

Nice piece last week, certainly volatile trading last month but is £3bn cap a possibility by year end :) http://www.iii.co.uk/articles/257739/stockwatch%3A-very-special-situation

£4.2m market cap and a chance to buy near recent 52 week low the Final Results point to a major positive step forward. Revenues more than doubled to £13.5 million which generated EBITDA £1.0 million profit (2013: £0.7 million loss) and more importantly an operating profit £0.8 million (2013: £1.3 million loss) Since the Final Results, we've heard in the recent trading update that the six months ended 30 June 2015 has yielded margins "significantly higher than those for the corresponding period in 2014 on lower revenues" Downing LLP have increased their holding from 2,325,000 since results to 3,505,000 today Worth noting also the Trade Receivables position has increased significantly, by around £2 million whilst trade payables increased by approx £1.4 million. We should see some of the past years operating profits released as cash on the balance sheet in the first half 2015.

Following on from the Chairmans statement, domestic demand for base metals in the coming years looks pretty strong if Vedanta weather the ensuing storm, just a matter of when not if we should buy IMO http://yourstory.com/2015/08/india-dollar-economy-world-bank/

Well it's held value but shares in issue up, market cap of £1.5m looking pricey with little to show except an investment that is early stage.

Hi mate, sorry I don't check this chatboard often, PLA was a long term hold for me. I've sold about half my holding today, just to reduce risk in the event the stock falls back now. China PMI data is causing problems elsewhere for me (GLEN) and prefer to be patient until things are clearer. Did you get round to a write up on this? I would enjoy comparing notes if you have as I will be looking for an entry once fears abate Atb

Not looking good, this and SPDI should be falling in line with their European sector peers

Troajan - your posts are right on the mark, agree with your recent interpretations of market movements. The fear surrounding lower oil prices continues, factors worth noting according to commentator today - resumption of Iranian oil exports (30 million barrels of oil reservesawaiting export) - record high oil exports from Iraq - robust production from Saudi Arabia - OPEC firm about continuing oil production at current levels - high domestic U.S. oil production - near record US oil reserves - number of US rigs drilling for oil increasing now week on week - China PMI data suggests demand for oil imports may weaken. China is the world’s second-largest oil consuming nation and manufacturing numbers are used as indicators for fuel demand growth. - Nymex oil prices plunged $12.22, or 21.24%, in July, the biggest monthly loss since October 2008.

Nice one Jolly, waiting for September results and then this out the blue. Your tips have a habit of moving in one direction :)

http://www.iii.co.uk/articles/258549/insider%3A-dialight-trakm8