Member Info for threeputt

what is cash like, will they need a placing to fund it ?

I doubled my quantity about 2 days ago, never been more sure that results were going to be good

"I bought back more in Entertainment One (ETO). At current prices it really looks terribly undervalued and it looks a very biddable price - one of its main attractions its massive library of shows. I suspect at some point this year we'll see some action here, perhaps a bidding war which push up the price considerably"

:)

wow ! I wonder how many % were 'borrowed' as of 9 January 2016.....

this share will fly on unspectacular news too, calamitous results were priced in

probably that £2.5m sell by non exec, rich man !

no, I just bought in at 2.14 on the huge reduction of debt and the likelihood of the closure of a part of their business that is making a loss. Remarkably its dropped below the spike it gained on results, some of that is simply due to the general malaise currently in the market imo. The Naked Trader also has a position here at 204, "Avesco produced a very strong statement this week and shares are rocketing on the back of that, should be more to come" I think the time to take some profit off the table was on the spike on results, never wrong to take profits but might be worth giving it a chance a) in the hope that markets make some recovery from current support level b) because I think this has possibly reached a retrace point of support and why I bought in c) goes ex-divi on 11th March d) still looks decent value (Disclaimer: I could be wrong !)

hopefully just found mine, rsi on the floor

ah Mr Shan, we meet again, don't you go getting a cheaper price than me now, I bought way too soon !

I probably need to retype the calculation on the last line now I've reread it as I didnt proof read it, but you get the gist

I was looking into this share last night as I'm interested. One thing I found which may be of concern. In the finals last year they had cash of £6.6m as at Sep 30 2015, they since bought Aaron Heating for £6.7m and Lift Services for £5.5m, with possible other major payments of tax £1m & £2.7m contingent consideration payment in November 2015, divi of £3.0m but not paid yet, "will be paid on 8 February 2016" so where has the extra cash gone if they've drawn £23m this year to date from a ash balance at September of £6.6m and considering theyare strongly cash generative "Our revolving credit facility was undrawn at year end. At the date of issuing this report we had drawn £23m, principally to finance the purchase of Aaron Heating Services Limited and Precision Lift Services Limited, along with £3.4m for deferred consideration payments due to the former owners of Allied Protection Limited and H2O Nationwide Limited. We took the opportunity to renegotiate our banking facilities with Royal Bank of Scotland in December 2015 to secure a revolving credit facility of £45m (increased from £30m) for deployment in future corporate development activity. " So why the need to extend the credit facility, I'm probably wrong of course but it still needs answering 6.6 - 6.7 - 6.5 - 1-2 - 7-3 = -15 (-12 if divi not included), but facility drawn of 23, wheres the cash gone ?

but the price of selling them on the open market still 3.5% below (plus charges) what one could get if the offer was accepted, still better than an interest rate one can get anywhere else, unless one can make the gains elsewhere which will not be easy in the current market. Would like to see the isg response first before deciding

Expected results hence a few selling, but the 23/9/15 statement was one of the reasons I bought in here: "As a result of these developments, the Board is confident that profits for this financial year, ending 31 August 2016, are likely to be substantially in excess of double the £1.75m anticipated in the financial year ended 31 August 2015. It is also anticipated that this exceptionally strong performance will generate sufficient cash for the Company during the forthcoming year to invest in further projects, some of which are already in the process of being appraised"

trading update was fine by me: "however the costs to close out certain remaining contracts in UK Construction....are expected to rise" - but we already knew that and they are being "closed out" "The overall results for the current financial year WILL have a greater second half weighting", there was never any expectation that the h1 results were ever going to be that good wth the construction sector problems

jolly, did you really intend that for this board ?

and a net loss ?

jakethedog, banned not interested here, profited on ipo and that'll do me

if Carlsberg did trading updates.....

nice timing spikey, its now back down to below my exit price, tempting but prob wont