Member Info for twink99

Even though I may lose money on my investment I feel that on the sales side the company has done really well. Year on year sales up 4 fold. Half year turnover almost equal to the whole of last years earnings. Even stripping out the Metrotile order sales are running at over £10000 a week up until June. The Metrotile order should have been paid by now so short term cashflow is not a problem. On the actual achieving side I give a thumbs up, communication is however dire. The company has not rushed out a panicky statement as yet so that may be something.

This is getting interesting. The Vultures are circling, waiting to gorge themselves on misfortune. And on the other side, little old me, hoping there is still life in the company. I wonder which side will prevail?

I am not trying to ramp anything up. Due to the lack of news on sales and cashflow I do not have a crystal ball that will tell me what will happen. I am pointing out that in my opinion the board will try different avenues to raise cash if required since it is in their interest to do so. This is an AIM share and therefore carries risk. People should proceed with caution when buying any share.

It is difficult to see a placing at this share price. The board have large share holdings and a placing would be hard on them. We know sales are doing well and most people would have thought that the corner had been turned. The news of the JV has gone down like a lead balloon. I am not selling, which may seem foolish to some, but we are one or two sales away from the mood changing. The board need to get their communication skills sorted out. I can afford to lose "something" can they afford to lose "everything"?

"Beware Romans bearing gifts"

Maybe they have been given an offer they cannot refuse? If there are potential orders in the pipeline that exceed the production capacity of the current factory then this is really good news. But due to the lack of any news on current orders people have no option other than to use the spartan "if" at the moment.

If the JV is genuine and not some EU grant caper then it may be a good thing. The BOD have lost the trust of investors and the new partners will have half the new board. The devil is in the detail. When orders are on the up I do not see any reason for the JV. Maybe they know something that we do not?

Maybe 50% of something is better than 100% of nothing, although the share price does not seem to agree.