Member Info for threeputt

except we are not in the bear market you keep wrongly quoting

Oops did I accidentally miss the 'S' from 'She', sorry about that
I guess that explains the incessant rambling :)
I'll try and remember next time !

I rate Mark Dampier, he is often spot on, I persnally think he might be right about US interest rates here

"Mark Dampier, head of research at Hargreaves Lansdown, has these thoughts about the two-day market rout:

“The last Federal Reserve statement suggested further rate rises in 2019, possibly four. It’s affected US treasuries [government bonds] with the benchmark 10-year yield rising to 3.2%. This has now affected the US stock market, as shares prices take into account the risk-free rate of return from bonds. As bond yields rise, equities look more expensive, so we’ve seen them pulled back in line. The US usually leads global markets, so we’ve seen other stock markets follow suit.

"In the US in particular, areas of high growth, like the technology sector, have been on a sustained strong run. It’s not surprising they’re first in line for investors looking to take profits from their holdings. This has rippled into growth stocks worldwide. When people take profits from their investments, the biggest risers usually take the biggest hits. But I think this is more of an October storm.

"I don’t think the Fed will hike interest rates four times in 2019. Indeed, they might not raise them at all. Looking at the US economy, there’s been a big sugar rush with tax cuts. But if the economy is so strong, why are house building starts and car sales so weak? I suspect the economy isn’t quite as strong as some people think. As such, I don’t think bond yields in the US will rise much further from here.”

Probably because Laks doesnt do a "writing a daily blog or even starting your own investing website (opinions/tips, resources, forum even)" that he has the ability to "grasp these fast-paced environments and ability to think ahead of the markets"
Vive la difference !

Been watching this for a little while and bought in yesterday after the chairman buy, at 107.50 believing I'd waited long enough and got a good price, another chairman buy today and it's down 15% - wtf ?

Many things I've learned with this game, but one of the most important is to never run out of cash. You can't invest at cheap prices when you have none left

You said:
"..... longevity means the psychological affect is extreme. Just look at the state of this BB. The LTHs here are weary to say the least, and that is perfect hunting ground for a shorter or two"

I see the opposite - be greedy when others are fearful

except we're not in a bear market......

Yet

Waiting for the outcome of this sentence in the HY report, any thoughts on where/what/how ?
"We expect to secure funding in Q4 2018 for our Iranian contract and to support the further growth of the business, for which planning is already in place"

So far I count myself lucky for my relatively small loss, originally bought in at 1.32 but fortunately sold sold on the HOF concerns, my 98p buy on Friday was stopped out at 91, and I bought back in (too early) today at 73 .

Thinking of buying more but my concern is that shorters may have got their oars in, why else the extra heavy fall this morning (may have left a gap, not an expert), and it made a concerted failed effort at a bounce - or maybe ii's have been selling out from their original ipo purchase

Stockopedia believe this area might be good value:
"The still-rapid growth in own-website sales means that I think a PER of perhaps 13-15 can still be justified. That suggests a share price of 73-84p would be about right, the way I see things"

I limit sold at 95p this morning, it didnt seem to be recovering much and as you say there is no catalyst for any rise atm, I just felt it would drift again after those results and a better price might represent itself at some point. Sold just in time by the look of it

Big boys a bit late to the party then, they could have bought into the ipo at 97p a year ago. Can't plame the directors for cashing in a few of their chips with a 200% rise, only a few mind.
Anyway given me a chance to buy back in and save a few bob, hopefully this marks a line in the sand at 300p

Few more plays yet, sp underpinned by Platanillo production & an sp that hasn't tracked the increase in the oil price due to our seller. Still targetting 20 at least

when the cash comes in it's debit bank & credit wip, and when they release from wip it's debit wip credit revenues etc
From recollection

Yes I get that Mike, but I was expecting more cash after an upfront or interim payment on it. Of course there could be outlay too but I was expecting more

Aiming_high, my bear thoughts:
CFO leaving at a time when funding required, not ideal and thought provoking
Mention of funding requirements, previous 'funding requirements' for a contract have not materialised in a contract so glass half empty and 'business as usual'
not profitable, low on cash
I was surprised how low on cash they were (£0.8m), as after a fundraise and incoming monies from the big tech contract I was expecting far higher, and admin expenses weren't that terrible. Does that tell of a delay to the tech contract ? They haven't reported one but something doesn't add up imo

Did someone call ? My ears were burning !
Honestly though I think 3p would be somwhat far fetched imo (although never say never), so without Iran you're left with a well run Lunghi operation and whatever you can grab out of the tech division (probably about £1m rev annually without biggies), I'd suggest they wouldn't be a million miles off a break even figure if they were just left with these, unfortunately with the necessary need to chase growth (and associated wages) they spend and lose a fortune doing so

So I'm assuming that as the last notifcation from Rex Harbour was below 3% that we will get no more notifications, and as the last one was before the interims and he has been selling into the heavy volume and could be almost out ?

Blimey, some of those stories re Coms sound very similar to the one given by an investor at a Robbie Burns (The Naked Trader) seminar, aparently the chap was in love with Coms, had mega millions of shares and supposedly they were going to the moon and back, reportedly he went a bit white when NT advised him to sell them also informing him he would have a job selling that many into the market - we all know what happened after that, wasn't one of you lot or Silver was it ?