Member Info for ViciousHippo

Why?

The original IPO - in 1995! - looks to have been 12.8p, so that is the likely target. However, anything can happen and probably will...

Potential new categories could include anything, including consoles, but MM needs to be able to add value in some form over a regular eBay transaction between two private individuals. Alternatively MM have to identify an untapped source of product that would otherwise be discarded.

The results are a bit mixed to be honest.

On the downside, the income from physical media is declining low term, and year on year decline on tecchnology. It looks like the rental business hasnt really worked. Reading between the lines, they have a problem of bad credit worthiness. As a result there is no clearly identifiable growth, and no real discussion where growth is going to come from.

On the upside, they are focussing on reducing costs so as to improve profit margins.

I would call this a year of consolidation, with some doubt as to where growth is going to come from, although I may have missed something

It's down to bitcoin fever. To be fair gold miners have been a lousy investment for a long time. Bitcoin on the other hand has been stellar. For anyone choosing between the two is going bitcoin.

When it turns out China secretly controls bitcoin, people will be much keener on gold (and gold miners) again. Or maybe China turns it off as ransom when they invade Taiwan...

Obviously I'm joking, but gold miners will pick up. Just maybe not yet in the US. To be fair they are not doing badly

I think Capita have been downsizing for years now. They got themselves into a right pickle. I dont think JL did a bad job, it's just not finished.

MArket cap is not the same as market value. Market cap is market value less debt. If you say gearing is 200% of market cap, you are double counting the debt

The press release doesnt say ALL pay increases have been shelved. It seems to suggest just the company wide ones, irrespective of performance. In any case, if you have someone good you want to pay more, you simply change their role for a higher paid role within the organisation.

Not allowed to buy just before earnings.

Anywy he would have planned the price to tank on his arrival with a negative slant on the financial position. Starting from a low base base his job easier.

The question is whether the bottom is now being tested, or we are on the way for new lows. This is a £2.6 Billion business with an enterprise value of 560m, giving an EV/Sale ratio of 0.21. That is extremely low. Must be one of the lowest in the world for a company with that level of revenue.

Https://www.youtube.com/watch?v=0D0gsCrcObA

Based on a simple DCF, if gold got to $2500, the shares price should be around £3.

Might sound extraordinary, but gold miners have these kind of explosions. Let's see what happens, but all good for now, assuming nothing goes wrong at the mine...

Based on technicals, current move for gold might be heading for $2500. Fingers crossed. SRB profits would double in that case. Share price should rocket.

Until they can prove they can grow sales through organic growth rather than through acquisition, which is fool's gold, this company will be unloved. I think everyone believes it has potential but the jury is out as to whether that potential can be turned into profits. Slow burner...

My estimates of profit for the next 3 years (which is the duration of the temporary Coringa license) is £70m (not $!). So that alone should push the share price up another 50% as a minimum. Even that would be a bargain as it ignores the current cash balance and on-going value of Palito. If anything positive happens, such as the permanent Coringa license finally coming through, the SP should be double that (as a minimum).

What's interesting is that the gold price is breaking out. From a pure return perspective there is no incentive to hold gold with stock markets on an endless tear upwards, bonds giving a reasonable yield, and inflation on a generally downward trajectory. For gold to go up sharply in that sort of environment is unusual. So something must be bubbling below the surface.

I think they are refering to Netflix subscriptions and the like.

It looks to me that having received the news, the market is digesting it by testing the support line at 60.6. If it sticks it will be the catalyst for a move higher. It has closed precisely on 60.6, so is a cliffhanger for tomorrow... If it rises tomorrow morning, it will probably be the start of a good run up. Conversely if it falls tomorrow morning, the opposite and it will fall to test the next level of support 55.6

It is testing support at 60.6. This can be a first step in a positive move if support holds. On the other hand, if it breaks through 60.6, we might be back down to testing support in the 40s and 30s.

Based on the charts, my view is we will get to 90p quite soon. Then a pull back until Coringa licence comes through. If we get that pesky license finally and if gold goes up - and if nothing goes wrong at the mine- we should be headed for £3 by 2027 or so. Let's see....

Study into benefits of OTCQX:

1. US ownership increased 7-fold after joining OTCQX.

2. Trading volume by number of shares increased 28% within the home market.

3. Trading volume by number of shares increased 37% within the OTC market.

4. Trading volume of firms falling into the lower half of the distribution by size

increased 43%.

5. Trading volume of firms falling into the upper half of the distribution by size

increased 12%.

6. There were positive liquidity reactions for companies from Canada, Asia

Pacific & Europe.

7. 1.5% of value was created within the home market.

I think SRB are making a real effort to raise their profile.