Member Info for the_shareminator

"Some of these companies have been plugging away, been forgotten by investors and then have suddenly been rediscovered and gained a rerating" MBO has risen more than 100% from it's low last year but still ignored. Expect this to change once FY 2014 results are released. The likes of LED sitting at £5.5m, based in Asia they turn barely £1m revenue per annum.. http://www.iii.co.uk/articles/251209/small-cap-rockets%3A-double-or-quits

Research into the shareholders Comparing figures from June 2008 Dato Hussian @ Rizal bin A.Rahman:__ 27.45m shares Thornbeam Limited:__ 16.1m shares Dato’ Shamsir bin Omar:__ 9.13m shares Perbadanan Nasional Berhad:__ 5.29m shares GHL Systems Berhad:__ 3.21m shares Total of 61.18m shares held back then of 93.94m share capital. Today the largest shareholder is still D. Hussain although he now owns half the company, Thornbeam have retained their holding holding as has Dato' Shamsir bin Omar. The PNB has reduced slightly and GHL have gone below the 3% threshold. Thornbeam are a company registered in Jersey and have held shares since 2007 when MBO were admitted to AIM for trading. In 2005 they turned revenue of just £5.4m whilst last year they turned more than £51m.

Agreed, perhaps this was orchestrated weeks in advance of the offer given the number of 'shareholders' call them what you will, who intend to vote in favour of this deal. Christopher Mills, non-executive director of Essenden is a director of the Harwood Funds and a director and the sole shareholder of Harwood Capital Management Limited which is the controller of Harwood Capital (the investment manager and/or adviser of the Harwood Funds) and a director of both IBE and IBA, and will no doubt receive some form of bonus for his role in this. An excellent move by Harwood, bravo! Mr Basing stands to do very well out of this too! Oh well profit is profit :)

50% higher than a month ago now, this run is making me wish all the eggs were in one basket!

MBO valued at £3.06m Final results due next week, but at the Interim period they had reduced losses to £30k. In the 6 month period however net debt was down by £223k from £658k in December 2013 to £435k in June 2014. 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 has been falling alongside an increasing cash position for the past three years Dec 2011: £543,291 cash & equiv Dec 2012: £844,315 cash & equiv Dec 2013: £1,238,991 cash & equiv

TCN valued at £6.87m TCN results confirm a "Return to profitability at operating profit level" and "Net debt reduced from previous year end" as well as "Significant improvement in operational performance of the USA business" But worth bearing in mind TCN only made £176k operating profit on revenues of £21m and overall loss post tax of £168k. On paper they booked a £745k loss factoring in discontinued operations (non recurring however) Net asset position is down, cash position halved (although because of the timing of trade receivables etc it may not be so bad. Net debt fell from £3.39m to £3.13m (approx £260k) so there is positive cash flow but not a significant amount. Recent contract win over 5 year period provides some medium term stability. Compare this then to MBO valued at £3.06m which turn around £50m revenue per annum. Final results due next week, but at the Interim period they had reduced losses to £30k. In the period however net debt was down by £220k from £655k in December 2013 to £435k in June 2014. While net debt has fallen, it's cash held has increased over the past three years and was up again in June 2014 Dec 2011: £543,291 Dec 2012: £844,315 Dec 2013: £1,238,991 *June 2014: £1,457,803 At the half year they had £1,892,810 of loans and borrowings

Are you trading this on any technicals or just it's historical range? Seems to have support around 5p but the final results are hiding poor growth in my view, reduced losses largely down to cutting admin, meanwhile borrowings are up on the year before despite a sizable placing this time last year. They are still burning cash and no shoots of growth just yet.

Far from being negative the weakness of the Ringgit should boost demand for MBO's products. Domestic pricing will remain flat but for international consumers their products will be around 5-10% cheaper than a year ago. http://www.theedgemarkets.com/my/article/sing-dollar-closes-above-280-new-high-vs-ringgit http://www.themalaysianinsider.com/malaysia/article/impact-of-ringgit-plunge-still-manageable-for-consumers-says-minister#sthash.ba1S3Ezp.dpbs

Nearly back to the recent Director buy price

Worth noting they repaid about £90k owing to Directors in the interim also, a figure that would have otherwise reduced net debt further. £98,096 owing to Directors at Dec 2013 down to £6,824 owing in June 2014. It's hard to quantify a precise profit/loss figure but working on cash-flow and its reducing net debt position, factoring in an asset purchase during the period, reduced losses from the disposing of Cambodian and Indonesian operations in March 2014 and with the prospects of a revenue generating Philippines based group, improved trading performance from the prepaid airtime reload business in Malaysia and the fact the Group is "currently exploring other business areas to diversify the revenue stream" suggests continued growth as has been the case over these past 4-5 years. Only dampener for me is the ringgit value as everything is converted to £ for the statements so revenue, cash, debt etc will all be lower on a y-t-y comparison. Actual revenue is expected to be up though and the business turning a profit in the second half of 2014

Haha no mate, staying purely objective of course ;) good to see you're still around. HOC caused me some grief not too long ago but this is more a gripe with Edison and some of their ridiculous figures. It's tempting to pile into the PM stocks when you see reports suggesting they will turn $12-13m PBT per annum but they make it particularly difficult to source their number crunching. I had to wade through 3 report before finding a reference for their 2016 gold and silver price estimates... waste of my time. They can have the cat lol. Take care in these uncertain times.

Thanks for taking a look, agreed DWHT still looks good value :) In regards to TRD, just scanning through their Final Results now, impressive movements last month from 13p to 23p.. interesting comparison. Worth noting though they only have £390k cash & equivalents where as MBO had £1.46m at the Interims and likely around £1.7m as at the end of December 2014 (year end). I think more importantly though MBO are making more than £0.5m, in the first half alone they would have made £180k but for a one off net impairment of £210k. MBO disposed of their Cambodian and Indonesian operations which were loss making in the first 3 months of 2014 so the second half results are expected to be considerably better. I think if forecasts were significantly different to their outlook we would have heard by now so finger crossed MBO pull this around. The controlling interest here is with Dato Hussain (50%) but there is rarely any large buying/selling, pretty stable... HY 2015 results are due in September so an interesting couple of months ahead

Buying pressure today is great! :) MMs letting this go finally on a stream of blue

Yes Oryx quiet although 3x £20k buys in this lunchtime, an ii loading up after reading through the details perhaps :) Not sure why the MMs are letting them go for 81.5p any ideas? There haven't been that many sells today, especially below that price

Net debt has fallen consistently Net debt: £1,260k at 31/12/12 (cash of £1.13m, loans of £2.39m) Net debt: £1,240k at 30/06/13 (cash of £0.55m, loans of £1.79m) Net debt: £660k at 31/12/13 (cash of £1.32m, loans of £1.98m) Net debt: £460k at 30/06/14 (cash £1.46m, loans of £1.89m) Also worth remembering at the last update, £300k spent on purchase of property which would have otherwise resulted in a greater cash position. Ringgit falling over the year reduces total asset value but also value of net debt further. Focus purely on Malaysian growth picture now, loss making assets stripped. RCI, another small cap Malaysian outfit listed on AIM recently received institutional support. Controlling stakeholders here keep stock tightly held which may be why investors have ignored this up to now.

Net debt has fallen consistently Net debt: £660k at 31/12/13 (cash of £1.32m, loans of £1.98m) Net debt: £460k at 30/06/14 (cash £1.46m, loans of £1.89m) Also worth remembering at the last update, £300k spent on purchase of property which would have otherwise resulted in a greater cash position.

46k buy at 2.93 not showing.. rising on sells it would appear. Should be exciting next week. STY another tiddler up to 129p today (£7.85m value), having risen on results. They were 60p bound for months having fallen from over 100p, bouncing more than 100% since results. Another company turning high revenues and low operating profits, with PBT of just £0.6m MBO should be on for a similar amount factoring in the small loss in the first half, around £0.5m PBT, increasing cash position (see earlier posts) and net debt position near eliminated. All for current MCAP of £3m lol

2.95p to buy today down from recent surge to 3.9p

People will always sells on news regardless of the content lol... As a growth play with it's largest market in the US (24%) and just behind that an expanding Asian market up from 16% to 23% of sales over the year Hayward look nicely exposed, and shouldn't be affected by Euro-area events if they deteriorate. Oil and gas sector has improved for Hayward Tyler since the year-end like you say rivaldo, HAYT looking to make up 20-30% of revenues in the 'medium term' largely from demand for their subsea and submersible motors but should also benefit from a stable price around $60-65 per barrel Orders suggest HAYT still in growth phase and a suggestion they are seeking acquisitions to add to the business profile. - "strong order intake in the first two months of FY2016 of £9.8 million - "we are ambitious to identify businesses that share similar characteristics to Hayward Tyler to buy, build and grow to generate further shareholder value." Working capital up from £3.8m last year to £5.9 million make this possible. Likely to go missed but still of importance Pension obligations are down to just £0.2m now compared to £1.5m last year. Balance sheet growth is impressive, current assets less liabilities up from £17.7m to £23.7m, cash position will be much stronger now given trade receivables were unusually high in March as reflected in the results and there were "collected over the subsequent two months"

Agreed didn't see this coming, please can i have my shares back :(