Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Thanks for the link ShareSoc. Interesting read . Looks as if all the problems here are about revenue recognition , as elsewhere in the market. The " authorities " urgently need to clamp down on reporting standards , cash is king but at the moment companies can clam profit where it simply does not exist . It is hardly worth reading financial reports , i do not expect the " authorities " to act though because their snouts are feeding from the same trough . Looks as if we have ( temporarily ? ) stuck around 29 I actually expected another leg down today. ATB
Ramaphosa is elected ANC boss this weekend this will fly ,short medium and long term
scenario here would be --- A board bust up and the sick leave is akin to a gardening leave while K-C lifts the bonnet He finds that 6PM was over paid for and is unprofitable and warranties attached to the purchase are not enforceable . The vendors of Halarose are miffed at accepting shares @ 61p for their company and their warranties are enforceable. Continued late payment / delayed contracts enforces a large write off in the results while debt balloons. The banks threaten foreclosure. The best case would be --- The RNS is accurate . A. R. makes a swift recovery and the profitability is a tad down on last year . Hopefully nearer the latter than the former. K- C would have been involved in the 6PM transaction so a board bust up is improbable . The fact that A. R. has been ill might explain the strange afternoon timing of the previous RNS whoever issued it wasn't clued up .The large fall in the sp is the result of uncertainty, it should have been made clear exactly what they where refering to , if it is just a small number of items that should have been easy. Another RNS with more clarity would suffice This is a well diversified company with strong recurring and growing revenues it should have an assured future. .
Man alive !! I note that the above regulation is presumably courtesy of the European Union . When Brexit finally happens is the " market " going to be even more gung - ho ?
Well yes, all things being equal and above board ( please forgive the unfortunate pun ) we should still be in profit and this is a good time to buy, but I am often truly amazed at the accountancy standards to be seen in the self serving great British main exchange . Have a look at CLLN if you want to get really worried , it makes AIM look as clean as a whistle. How they get away with it is beyond me ATB
Yes Omerta very sad , I have previously stated that the new management appears rather gung - ho, begins to look like they have also been rather gung - ho with the figures, also as previously intimated i have been very wary of the way this has been recently trading with it would appear a high degree of manipulation. This share actually owes me nothing like you I bought in many years ago @ approx 11 , and I have since sold some to take out twice my original stake . I am a believer in sectors and I think this sector has a long and rosy future and if idox can get it's act together the same would apply here . I feel sorry for recent buyers on the back of apparently manipulated trading volume ,but hopefully the company is still in profit and if they hold they could yet see a profit . I also am pondering re- buying but it does rather put me off when people go " sick "at such an unfortunate time. ATB
Did not spot the RNS @ 0700 that explains a lot and confirms that this has been oversold. Steinhoff is actually up 45 % today , despite an investigation by the JSE of disclosure by the company . How refreshing ,it would take the " authorities " here at least 18 months before they would even think about leaping into action. The Rand is also up against the " great british pound ".
Yep who knows ? I don't think it would be holders selling off post div they would be selling at lows.. Probably just a general confidence issue made worse by the Steinhoff problem.. Steinhoff has risen strongly this morning and INVP has followed suit so a bit of a coincidence I have bought in here and will be holding for the pretty much guaranteed 5 % div , it is also a very nice £ hedge . ATB
I especially like the " strong growth in recent weeks " These are not statements mage lightly ATB
that the more recent falls in this sp are as a result of the Stienhoff fiasco in RSA . Seems a bit overdone to me this company has a very steady track record , dead cert buy on further weakness.
A "1 " share trade was noted at 0800 today.
work out why this took a late rise , then I hear that the DUP have put the boot in. Chance of a general election.
The subsequent recovery in the sp indicates that the share was probably manoeuvred down to an unrealistic level. Often stop losses are set around 10% . The share fall was set at approx 12 % . I wonder why ? Notable that last year the trading update was issued on 10th Nov at, wait for it, 0700 !! Strange isn't it ?
Yes I wish we knew .,some strange goings on. Undoubtedly a good thing that K - C has stayed on , the new board do seem to be somewhat gung-ho so he may be a calming influence . I take some reassurance from the fact that the recent vendors of businesses have taken up shares @ circa 60 and they must have some confidence to do that. The update that has caused some uncertainty was IMO not too negative they are still having growth and timing issues are not uncommon . Results on the 20th Dec should clarify. I do however have a cynical view as to what is going on with regard to share trading and suspect the possibility of collusion / manipulation. The recent rise to 65 was apparently as a direct result of pre- arranged large volume trades in an otherwise illiquid market. The rise probably attracted in new PI's. Then slam bang the update at a very strange time , such trading updates would normally be posted at 7 before the market opens to allow adjustment / judgement and revising of stop losses etc. But no, the RNS at 1545 allowed for a disorderly market adjustment where MM,s probably pocketed shares from unsuspecting recent investors who would rightly feel somewhat aggrieved . As I have previously pointed out there was a spate of mysterious " 1" trades at the market opening before each of these events . I wonder why ?
Interesting read. Judging by the astronomical PE of WEY IDOX should have an sp of + 500 !!
we will get a trading update mid Dec .
You would think that a loss had been announced. Not surprising that there has been some disruption in the markets that they operate . Debt up but otherwise no need to panic.
Should have stated if you Google shortracker the info is there . I am not actually invested here , but I am interested . We have a store in our town so I went in to have a look. Not a very busy day in town but there was a permanent queue of eager punters at the till with assistants whizzing about filling shelves , so I was rather impressed. A major concern for me though is that they source in $ . The � took a tumble today so costs have gone up. I have zero confidence in the long term prospects for the " great british pound " . I havn't investigated perhaps CARD have a hedge in place so there would be less reason to worry.
Hi Drunk Interestingly the short was opened just about exactly over this period of weakness so it might account for a lot of the sp fall. The 1.6 % denotes the size of the short position .1.6 % of 341 million shares, so over 5M shares have potentially been sold into the market which will depress the sp. Lots of smoke and mirrors with shorts but at some stage they will have to buy the shares back that could be tomorrow or a few years time. ATB
A short position was opened end of Sep only 1,6 % but it will not help.