Member Info for Walkley

http://is-research.co.uk/tearsheet/isr-research/idox-plc Need to add this earning enhancing acquisition (and more to come?) to this analyst's report.

Another alternative energy company results out today - worth comparing: Renewable Energy (WIND) Results –Tunover £12.1m, Loss after tax £1.8m, Cash £9.6m, Borrowings £34.5m. Dividend 1.5p (Cost £2.065m). Market Cap £50.2m Alkane - Similar turnover, Profit after tax last year £1.8m, Cash £0.6m, Borrowings £9.3 £9.4m dividend –nil. Market Cap £24m

50 -60% of consolidated post tax profits from groups ongoing business, according to the prospectus

Apologies to Selftrade - allocated £5,159 worth, so 69%, which augurs well for the price. Have at least got the unused bit back though cant sell yet. Think I am £100 up overall!! Can you buy if you want to?

Thanks for that. will wait and see. Alkane one of the shares I sold to fund the purchase has shot up by 6% today after weeks of doing nothing. Was intending to take a quick profit from D Line and go back to Alkane!! irritating that I haven't got at least the unused part back yet!!

Has anyone got an allocation through Selftrade yet? Applied for £7,400. Surprised there isn't a breakdown of how the allocation has been made to private investors.

Seems to have opened at about 180p - so a modest 5p up but Selftrade haven't allocated shares yet.

Any views? Not clear but assume will get full allocation.

"Analysis by Ofgem published today for the Department of Energy and Climate Change as required by the Energy Act (2011) forecasts a reduction in electricity generation margins* over the next four years. The report shows that electricity margins, the amount of spare generation capacity on the system, could fall from 14 per cent today to 4 per cent in 2015/16. Coal fired-generation is likely to close earlier than expected under EU environmental legislation and the risk of a shortfall in electricity is highest in 2015/16." Oh dear this is bad news - It might mean that Alkane's Power response arm will be working overtime!

All on track: "Our existing customers continue to expand their current MyID installations and new customers have been secured in the European and US markets. These new customers are expected to contribute to revenues in the second half of the year. A number of large bid opportunities are in progress with major corporates and governments, several of which are expected to yield revenues before the end of the financial period....."And cash still coming in despite large investment in staff: "Revenues in the first half of the current financial year will be in the region of £3.5m and cash in the bank at the end of September was £7.2m," (Revenue for half similar to last year, cash in March was £7m)

Encouraging RNS this morning - and for once the market has reacted positively

He has bought some shares and it looks as if some of his friends have too!! Perhaps he can get Alkane some much needed publicity!

No statement at the meeting but issued a trading update early in October last year and I would expect something then. A shareholder wanted an independent chairman but my view, and that of another longer term shareholder who spoke, is that it would be an unnecessary expense and complication for a company of the size of Intercede. Growing strongly in terms of manpower and clearly investing considerable cash resources in the future and have the resources (£7m at end March 2012) to protect their IP.

Not much happening here, I should have sold at £4 but take a look at SUMM another Oxford research spin off. Tiny market cap and some interesting developments.

am going to AGM - as their head office is 50m from my house would be rude not too! Hoping for something positive.

Original buy at almost £2 but averaging by, so far, foolishly buying more has brought it down to 75p!! Have you seen Summit (SUMM) a speculative drug co that really seems poised (famous last words!)

Significant buys at close of play yesterday and again this morning. Now 43.65p Still well under water for me, but perhaps some news of something is imminent

Thanks for that - have sold 1/3rd of holdings to buy Summit (SUMM) and Sirius (SXX) on grounds that nothing will happen for a few months but convinced this is worth more than 20P

You must be very happy with todays news!

Re Greenpark: "Net assets with a book value of £11,911,000 were acquired at the date of acquisition. The Directors have carried out a fair value assessment of the identifiable assets, liabilities and contingent liabilities of Greenpark Energy Limited and concluded that the net fair value at the date of acquisition is £5,775,000." An adjustment (i.e. write down) of £6,136,000. Total consideration £5,236,000, costs a nice round £500,000 so a "profit" on purchasing Greenpark of £39,000. These assets apparently are producing revenue at annual rate of £4m with a profit of £1.7m - not a bad payback!! Obviously very sensible to be prudent and completely fortuitously helps the tax situation. But clearly the Greenpark directors valued their assets slightly differently to Alkane!! Seems to reinforce my view that the numbers in a companies accounts for assets are to say the least dubious