Member Info for truegent

It doesn't look great at first glance but theres nothing mentioned that they didn't already tell us in previous RNS's. So its to be expected.

I'm not sure we should get too excited about the Div to be honest. Nichols seem to prefer a modest div which is fine by me if they keep on getting the return on equity that they have been doing, coupled with a fat div cover of 3 times, such an excellent business. This is a growth stock not an income stock, if you can get over 2% div yield you've done well. Mind you I bought in at 12 quid and for that I got under 1.5 I think ! Topped up at 920p couple of weeks ago though so averaging about £10.50 now. But very pleased with today's RNS.

yeah....there was a 'spike' in the gold price, not 'spoke'....i sounded like that copper from 'allo 'allo for a minute then...

...given the fact that there was a spoke in the gold price last week - which has held - and also other gold miners like RIO have shot up...why has PAF sp not reacted ?

You're obviously good at catching falls on the bounce hence your name ;) But regarding the sp fall, I am putting this mostly down to the placing and then simply stop losses being hit and then pi's getting spooked and bailing out. In my experience whenever a placing happens at a discount to the current sp, the sp usually falls to that price shortly after which in this case was 2025p. Also note that I think 4 or 5 directors have been snapping up more chunks of stock under 2000p since the placing was announced.

Hi all... This share was on my watch list for ages at around 2400p.....couldn't believe my eyes when it dropped to 2000p ! I bought in last week at 1970p and will jolly well top up at 1700p...if it reaches that level... nice divi too covered 3 1/2 times... nice...

Wow... was not expecting many sellers after all the excitement on this board yesterday... from what I can gather this news was amazing... the solution to all dqe problems... a certain multibagger...if you don't mind me asking what are your reasons for bailing out ?

Thank you. It would have been nice to hear paul Scott's opinion on all this but he didn't mention dqe in his report yesterday... maybe because he has a short position in dqe ?

Would someone be kind enough the explain the coupon thing on the bonds ? I know what a coupon is - its like the 'interest' on the bond - but is this something we receive or something that we are paying out ?

thank you for the insight...

no idea sorry...

ah right a little clearer now - but still, this will be a completely different company. current investors of DQE here will not simply 'swap' their current DQE shares to the new DQE Mauritius. the current DQE here will delist and current DQE investors will be stuck with no market to sell their shares just like any normal delisting ! no ?

ok what am i missing here ? the rns states that the company will delist from aim ASAP ? a while ago everyone was worried this will happen...now its certain....

Don't understand it either but there is talk of floating on Nasdaq ? Will achieve a higher valuation than on aim for sure... Anyone understand the rns ?

Gotta be worth a punt now surely....all it takes is for one decent rns about divis or whatever for this to shoot up ?

:..at 920p and shall jolly well top up again around the 800p mark...

Actually there is a lot of room for net profit to fall year on year because the sp at the moment is not valued on eps...it is valued on the debtor situation....IF dqe can get all the payments by march 2015 like they say, this will be significant to the sp and perhaps then we can get a proper p/e rating....even, say a pe of 5 will force the sp up, if dqe manage a year end eps figure of, say 3, a pe of 5 will give a sp of 15p...

Have they actually made it sound worse than it is ? Profit before tax (EBITDA) is UP and the only reason net profit is down (and therefore EPS) is foreign currency exchange rate - hardly their fault. Coupled with positive announcement on debtors (hopefully) Its really not that bad.

Incorrect. Companies can report in any currency they want. There is no obligation to report in £ just because they are on AIM. Take for example Globo (LON:GBO) who report in euro and DQ Entertainment (LON:DQE) who report in Indian rupes. Both companies on AIM. Functional currency is the companys main currency. As per my previous post this in in Zar. Presentation currency is what the company presents their accounts in. This can be anything they want. For example DQE changed from us dollars to rules last year (a ball ache to compare accounts though). Now look at PAF's p&l account for 2014. Net profit £26m....then look below, foreign currency translations -£25m...therefore total comprehensive income only £1m this year and it is this figure that is used in the Statement of Changes in Equity, not the jet profit. Thus, by reporting in sterling we are not getting a clear picture of equity position. Foreign currency translations make PAF's accounts very difficult to read in my opinion but then I'm not an accountant. This would all be eradicated if they just reported in Zar. Any accountants here care to comment ?

in fact page 41 of the most recent financial report says : "The functional currency within the group is ZAR therefore the sensitivity details the effect of the ZAR/GBP exchange rate on the foreign currency translation reserve." so they DO receive cash in ZAR - why do they bother to translate into pound sterling for the purpose of the report ?