Member Info for twisty

I'm a beleaguered investor in PIC (is there any other kind?), but one thing that puts me off is the level of debt. PIC is priced as a distressed company, but it isn't in distress yet. Given enough foul-ups, and worsening macro situation, I think it could be. I'm truly amazed at just how much this badboy has fallen. Maybe it is best to wait for 55p, although on a current PER of 3.2, how much further down can this thing realistically go? The funny thing is, it's not that bad of a yielder (although of course we don't buy it for yield, but for capital appreciationm, wotwot), despite having a dividend cover of 9. Thoughts?

Difficult to believe it's down nearly 10% today. It's on a PER of 3.5. Maybe the smart money is aware of more trouble in store.

"However it cannot go much further down" FAMOUS LAST WORDS!

This share is up and down like a yo-yo - but mostly down (:irony:). Can't help thinking that this is a temporary spike on the way to lower levels. Not trying to deramp here, you understand, I hold some of these puppies. Keep the faith. Sigh.

Apparently this is a link to an RNS confirming that the takeover talks have been terminated: http://www.advfn.com/p.php?pid=nmona&article=49478807&symbol=L%5ESBT The odd thing is, I don't see this RNS message for SBT over at http://www.investegate.co.uk . What's going on?

The takeover of SBT by LAD looked logical enough, but it was not to be. Sigh.

Who's David Linton, anyway? DNO is currently on a PER of 11.6, has net cash of 12m, and analysts forecast an increase in EPS of 10% next year. In an RNS today (http://bit.ly/mU3RbK), DNO announced the purchase of 88% of the shares in Kameleon Source Code "The acquisition is expected to enhance future sales growth opportunities". I probably wouldn't worry about David Linton too much.

A couple of angles: maybe there's a little arb opportunity if you can buy the shares below say 80p. Another wrinkle that someone else pointed out: although there are irrevocable offers from 58% of shareholders, for some of them (41%), the offer ceases to be binding if another party offers at least 93.5p. The directors own 17%, and a separate group own combined of 41%. So it's possible that another suitor could come along, plop more dosh on the table, and the Bard deal could collapse. Might be worth holding on to see if anything else happens.

"Pity the poor s0d who sold yesterday lunchtime" Mercy! At least this is one that I DIDN'T c0ck up. In a way, it's a bit of a pity, because I bought for long term potential. You never know - 85p could be far too low.

Doesn't prove that much, but I thought people would find this interesting ... Weschler is a very successful hedge fund manager who recently accepted a job to work at Berkshire Hathaway. His top position in his fund is DTV (DirecTV). PIC is a major supplied to DTV. The point being that if Weschler, as a top investor, is bullish on DTV, then that ought to bode well for PIC. http://bit.ly/rimZeS

Henderson Global Investors increase exposure to over 13%. PER 11.4. 2012 forecasts 38% growth. Directors bought into placing earlier this year at 48p. Huge upside potential in this one, I think.

They say Elements is Open Source. Does that mean that source code is available over the web? Also, is Elements strictly for the broadcasters to tinker with, or will they encourage ordinary developers to come up with cool hacks to it?

Gobsmacked that this puppy is currently trading at 58.15p. I thought 100p was the bottom for sure.