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Contact the PP Team
Buying shares?
- Thread starter DeadlyVenom
- Start date
Unfortunately I was right about CNR re the short term sentiment/technical impact of consolidation
Was trading at 3-4p prior to consolidation, Management participated in a Placing at 5p in March i.e. new money price of 100p given the 20:1 consolidation.
Today it is trading at 50p i.e. 2.5 in old money.
Was trading at 3-4p prior to consolidation, Management participated in a Placing at 5p in March i.e. new money price of 100p given the 20:1 consolidation.
Today it is trading at 50p i.e. 2.5 in old money.
Last edited:
Simon Cawkwell aka Evil Knieval had this to say yesterday
I spoke to Jim Slater yesterday and he drew my attention to his web site (Google away). Here he reflects upon what might happen if there were a bank run either here or on the Continent. If governments elect to stand by depositors, they will be forced to pump in money. That will be highly inflationary if the bank run triggers bank runs elsewhere. So it will not be some carefully assessed MPC reckoning of inflation and demand promotion that promotes QE which in turn leads to higher inflation. It will be raw fear....Funny, that.
The consequences of such a bank run would therefore be extremely bullish for gold. Given that there is no sign whatsoever that the EU have brought under control the possibility of bank runs.....
On this basis, one would also be hesitant to be long of anything save gold and gold miners. However, the astonishing range of stocks trading at less than net cash surely demands attention even though it may be months before they move upwards. The main point being that when they move punters will have no chance of catching these coat-tails. It is therefore very risky not to be long.
I spoke to Jim Slater yesterday and he drew my attention to his web site (Google away). Here he reflects upon what might happen if there were a bank run either here or on the Continent. If governments elect to stand by depositors, they will be forced to pump in money. That will be highly inflationary if the bank run triggers bank runs elsewhere. So it will not be some carefully assessed MPC reckoning of inflation and demand promotion that promotes QE which in turn leads to higher inflation. It will be raw fear....Funny, that.
The consequences of such a bank run would therefore be extremely bullish for gold. Given that there is no sign whatsoever that the EU have brought under control the possibility of bank runs.....
On this basis, one would also be hesitant to be long of anything save gold and gold miners. However, the astonishing range of stocks trading at less than net cash surely demands attention even though it may be months before they move upwards. The main point being that when they move punters will have no chance of catching these coat-tails. It is therefore very risky not to be long.
Eagle_Eye
ODI Debutant
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Jaspa - whats the current situation with Sound oil?
CPX - Interesting prospects !
On mobile phone / consumer electronics uses of their supercapacitors talking about Murata wanting to sell 'hundreds of millions'
On Auto side about to go on trade mission to likes of Ford and GM
http://www.goauto.com.au/mellor/mellor.nsf/story2/595C0B091B61C255CA257A1C000CC750
On mobile phone / consumer electronics uses of their supercapacitors talking about Murata wanting to sell 'hundreds of millions'
On Auto side about to go on trade mission to likes of Ford and GM
http://www.goauto.com.au/mellor/mellor.nsf/story2/595C0B091B61C255CA257A1C000CC750
CNR - having a good day after some pretty terrible sustained falls
Hopefully this is an example of the 'wheat being sorted from the chaff'
Read this analysis elsewhere it may be pertinent
steeplejack
3 Jul'12 - 11:09 - 6114 of 6120
Some of the price falls suffered by these junior resource stocks are absurd.I feel for the managements,the equity market is no longer fit for purpose,the aversion to risk quite extraordinary.However,i don't see the falls in price entirely due to flighty,ignorant private clients.Not forgetting the effect of the weakening of commodity prices,back in 2010,there was quite a lot a bullish speculation by proprietary books behind the rapid rise in resource stocks which trickled down in no uncertain fashion to the illiquid juniors.I don't think many fully recognise how the activities of proprietary books have been curtailed both sides of the pond,notably in the US with legislation.This has left dealing in the juniors emaciated compared with 2010.Private clients,over leveraged with spreadbet and CFD positions get called for margin in falling markets and are impelled to sell and now there's no prop book the other side prepared to take the stock......the **** hits the fan.I'm not saying that these junior miners were the play things of prop books per se but they definately flourished in an environment of busy prop book trading.
Now all hands have turned to promoting the purchase of bonds to fund the deficits of profligate goverments to the exclusion of equities.It's very much in the interests of endebted governments to diminish the appeal of equities as an asset class and that's what they're doing.Indeed,it's reckoned that pension funds could end up holding only some 20% of their portfolios in equities compared with 60-70% 20 years ago as the government enforces risk aversion.
As for our stricken junior miners.Well,i reckon some must be tempted to go private.More than one small resource company has publicly announced that they are simply unprepared to countenance raising money at such depressed price levels but it's not that easy to get bank finance as an alternative.At the end of the day,i reckon many of these juniors will recover but as written elsewhere,it will only be best of the crop,some might well wither on the vine or be acquired for a pittance.
Hopefully this is an example of the 'wheat being sorted from the chaff'
Read this analysis elsewhere it may be pertinent
steeplejack
3 Jul'12 - 11:09 - 6114 of 6120
Some of the price falls suffered by these junior resource stocks are absurd.I feel for the managements,the equity market is no longer fit for purpose,the aversion to risk quite extraordinary.However,i don't see the falls in price entirely due to flighty,ignorant private clients.Not forgetting the effect of the weakening of commodity prices,back in 2010,there was quite a lot a bullish speculation by proprietary books behind the rapid rise in resource stocks which trickled down in no uncertain fashion to the illiquid juniors.I don't think many fully recognise how the activities of proprietary books have been curtailed both sides of the pond,notably in the US with legislation.This has left dealing in the juniors emaciated compared with 2010.Private clients,over leveraged with spreadbet and CFD positions get called for margin in falling markets and are impelled to sell and now there's no prop book the other side prepared to take the stock......the **** hits the fan.I'm not saying that these junior miners were the play things of prop books per se but they definately flourished in an environment of busy prop book trading.
Now all hands have turned to promoting the purchase of bonds to fund the deficits of profligate goverments to the exclusion of equities.It's very much in the interests of endebted governments to diminish the appeal of equities as an asset class and that's what they're doing.Indeed,it's reckoned that pension funds could end up holding only some 20% of their portfolios in equities compared with 60-70% 20 years ago as the government enforces risk aversion.
As for our stricken junior miners.Well,i reckon some must be tempted to go private.More than one small resource company has publicly announced that they are simply unprepared to countenance raising money at such depressed price levels but it's not that easy to get bank finance as an alternative.At the end of the day,i reckon many of these juniors will recover but as written elsewhere,it will only be best of the crop,some might well wither on the vine or be acquired for a pittance.
jaspa888
Local Club Star
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Excellent update on CNR today. Thx to s28 once again for a great long-term tip.
These IMIC guys are serious. Management of West African Iron Ore juniors should be beating a path to their door ?
http://fool.uk-wire.com/Article.aspx?id=201207040700068382G
INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC
Strategic Partnership and Cooperation Agreement with CRM
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) is pleased to announce that its strategic partner, African Iron Ore Group Limited ("AIOG"), has signed a Cooperation Agreement (the "Agreement") with China Railway Materials Company Ltd ("CRM"), one of the leading Chinese state-owned enterprises.
CRM is a large-scale, state-owned enterprise in China. It is focused on providing integrated services to the steel supply chain, including the supply of iron ore and metallurgical coals as well as the procurement, processing and distribution of steel products. CRM is also one of China's largest exporters of railway products and a supplier of railway materials and has extensive expertise in investing in the development of overseas resources, such as African Minerals, and in providing solutions for coordinating infrastructure construction in mining by means of joint ventures and/or partnerships. CRM is also among the top three traders and importers of iron ore into China.
Under the terms of the Agreement, AIOG and CRM will work together on the sale of the significant iron ore that will be generated by AIOG's projects and brought into China for sale to steel mills and other users. This will be done through a joint venture company that will be formed when appropriate. CRM will be responsible for the sale of the iron ore products, leveraging off its position as China's largest steel trading enterprise and its competitive edge in the supply of integrated services and iron ore to China's steel supply chain.
The Parties have also agreed that CRM will become a strategic investor in IMIC, at an appropriate time in the near-term, when the parties decide on their first specific project investment opportunity. CRM will also intermediate with potential Chinese investors to secure and maintain a significant Chinese participation in IMIC, and will interface with the Chinese authorities if and when applicable approvals of the Chinese government are required.
Commenting on the transaction, Haresh Kanabar, Chairman, said "I am delighted to announce our effective strategic partnership with CRM through the recently signed Agreement. CRM will play a pivotal role in building a Chinese strategic investment position in IMIC as it seeks to develop an important asset-ownership position in the African iron ore sector through strategic stakes in mining and related infrastructure projects. CRM, moreover, has extensive and well-demonstrated expertise in both the Chinese steel supply chain and in providing rail infrastructure solutions. This is demonstrated by their recent experience with African Minerals, which illustrates both their financial commitment to and understanding of successfully developing African iron ore projects".
"Most importantly, the addition of CRM completes the formation of the best-in-breed grouping of Chinese infrastructure partners now collaborating with AIOG in assuring comprehensive infrastructure solutions to African iron ore projects stranded without a viable route to commercial production. CRM provides the iron ore offtake capacity and project coordination function in China, to complement the rail/port construction (CREC), the provision of power supplies (CMEC) and the supply of turnkey beneficiation technology (MCC) of AIOG's other infrastructure partners".
Li Zhimin, Vice President of CRM commented "We are pleased to be partnering with both AIOG and IMIC, who together offer CRM an excellent opportunity to cement our position in the emerging West and Central African iron ore industry. We believe we can bring significant capital and infrastructure expertise to their iron ore projects. Our understanding of the steel supply chain will be very advantageous in maximising the future supply of iron ore into China from the AIOG and IMIC projects."
http://fool.uk-wire.com/Article.aspx?id=201207040700068382G
INTERNATIONAL MINING & INFRASTRUCTURE CORPORATION PLC
Strategic Partnership and Cooperation Agreement with CRM
International Mining and Infrastructure Corporation plc ("IMIC" or "the Company") (AIM: IMIC) is pleased to announce that its strategic partner, African Iron Ore Group Limited ("AIOG"), has signed a Cooperation Agreement (the "Agreement") with China Railway Materials Company Ltd ("CRM"), one of the leading Chinese state-owned enterprises.
CRM is a large-scale, state-owned enterprise in China. It is focused on providing integrated services to the steel supply chain, including the supply of iron ore and metallurgical coals as well as the procurement, processing and distribution of steel products. CRM is also one of China's largest exporters of railway products and a supplier of railway materials and has extensive expertise in investing in the development of overseas resources, such as African Minerals, and in providing solutions for coordinating infrastructure construction in mining by means of joint ventures and/or partnerships. CRM is also among the top three traders and importers of iron ore into China.
Under the terms of the Agreement, AIOG and CRM will work together on the sale of the significant iron ore that will be generated by AIOG's projects and brought into China for sale to steel mills and other users. This will be done through a joint venture company that will be formed when appropriate. CRM will be responsible for the sale of the iron ore products, leveraging off its position as China's largest steel trading enterprise and its competitive edge in the supply of integrated services and iron ore to China's steel supply chain.
The Parties have also agreed that CRM will become a strategic investor in IMIC, at an appropriate time in the near-term, when the parties decide on their first specific project investment opportunity. CRM will also intermediate with potential Chinese investors to secure and maintain a significant Chinese participation in IMIC, and will interface with the Chinese authorities if and when applicable approvals of the Chinese government are required.
Commenting on the transaction, Haresh Kanabar, Chairman, said "I am delighted to announce our effective strategic partnership with CRM through the recently signed Agreement. CRM will play a pivotal role in building a Chinese strategic investment position in IMIC as it seeks to develop an important asset-ownership position in the African iron ore sector through strategic stakes in mining and related infrastructure projects. CRM, moreover, has extensive and well-demonstrated expertise in both the Chinese steel supply chain and in providing rail infrastructure solutions. This is demonstrated by their recent experience with African Minerals, which illustrates both their financial commitment to and understanding of successfully developing African iron ore projects".
"Most importantly, the addition of CRM completes the formation of the best-in-breed grouping of Chinese infrastructure partners now collaborating with AIOG in assuring comprehensive infrastructure solutions to African iron ore projects stranded without a viable route to commercial production. CRM provides the iron ore offtake capacity and project coordination function in China, to complement the rail/port construction (CREC), the provision of power supplies (CMEC) and the supply of turnkey beneficiation technology (MCC) of AIOG's other infrastructure partners".
Li Zhimin, Vice President of CRM commented "We are pleased to be partnering with both AIOG and IMIC, who together offer CRM an excellent opportunity to cement our position in the emerging West and Central African iron ore industry. We believe we can bring significant capital and infrastructure expertise to their iron ore projects. Our understanding of the steel supply chain will be very advantageous in maximising the future supply of iron ore into China from the AIOG and IMIC projects."
RHPS July is out tipping VAL (about time !) , BPC (again - boring re-tip but includes a 400p price target potential to get the juices flowing) and TOM (awful company with an awful lot of crappola surrounding it)
all in all another disappointing RHPS issue
all in all another disappointing RHPS issue
CPX - not sure I have posted this before but some awesome potential applications in Auto market if they can deliver, as ever additional proviso is Auto makers have long design cycles so if this is just in R&D stage could still take years for any actual revenues.
http://www.cap-xx.com/resources/doc...ors for Automotive Applications (website).pdf
http://www.cap-xx.com/resources/doc...ors for Automotive Applications (website).pdf
Badsha
T20I Debutant
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- Mar 4, 2011
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- 8,072
Still holding on to Nokia...
PetroDollars
First Class Captain
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Depends on size and location, i got a cheap location with low rent because i knew people will flock to it being so demand in london as most are rubbish here. I imported all furniture from China. In manchester if you want a successfull one, you need big investment because it allready has good bars, make one like blue mist on wimslow road or pasha in bradford, should take about 100k
Maybe set up a chain of sheesha cafes and list it on Plus and then we can buy shares in it
Infact im working on something like that.
http://www.scotsman.com/business/management/pakistan-deal-worth-450m-to-scots-firms-1-2399090
Pakistan deal worth £450m to Scots firms
By PETER RANSCOMBE
Published on Sunday 8 July 2012 00:00
SCOTTISH engineering companies are expected to share in more than $700 million (£450m) worth of contracts that will be unveiled this week when the governor of the Pakistani province of Sindh visits the Central Belt.
It is understood that Dr Ishrat Ul Ebad Khan will *announce the building of a *desalination plant to provide 36 billion gallons of drinking water to Karachi each year.
Pakistan deal worth £450m to Scots firms
By PETER RANSCOMBE
Published on Sunday 8 July 2012 00:00
SCOTTISH engineering companies are expected to share in more than $700 million (£450m) worth of contracts that will be unveiled this week when the governor of the Pakistani province of Sindh visits the Central Belt.
It is understood that Dr Ishrat Ul Ebad Khan will *announce the building of a *desalination plant to provide 36 billion gallons of drinking water to Karachi each year.
slix10
Local Club Captain
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Not followed it because thought it was dead but yup the chart confirms it.
Nokia went from being a contender alongside the likes of Google / Apple / Microsoft to an also ran. Unfortunately despite producing great hardware they failed to get their software /User Interface and Services right. There is no coming back from it. Best hope for shareholders would be if Microsoft put them out of their misery but then everyone knows that so it's a case of how low do the shares need to get for Microsoft to step in.
Nokia went from being a contender alongside the likes of Google / Apple / Microsoft to an also ran. Unfortunately despite producing great hardware they failed to get their software /User Interface and Services right. There is no coming back from it. Best hope for shareholders would be if Microsoft put them out of their misery but then everyone knows that so it's a case of how low do the shares need to get for Microsoft to step in.
Badsha
T20I Debutant
- Joined
- Mar 4, 2011
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- 8,072
Someone might buy out.
Or maybe Nokia is a cyclical ?
Or maybe Nokia is a cyclical ?
There has been some recent signs of life at GCM Resources (GCM)
Management/Board of Directors recently awarded themselves lots of options with an Exercise Price of £1 per share (April 2012). Non-Execs paid as much as 90p per share to buy in the market.
http://www.investegate.co.uk/Article.aspx?id=201204200907047431B
There has been Management change with the CEO leaving and 30% investors Polo (POL) becoming more involved.
POL have previously stated (September 2011) when the share price was c.100p that they were investigating strategic options for their investment
"Polo Resources is currently evaluating options with its advisers with respect to its stake in GCM. Polo is of the view that there are partnership opportunities which it can negotiate with strategic parties who would be critical to the development of the world class Phulbari coal deposit through participation on an appropriate basis with Polo. Polo remains convinced of the significant value potential in GCM and through this process will seek to unlock such value over and above that currently being assigned to GCM by the stock market."
http://www.investegate.co.uk/Article.aspx?id=201109021128025303N
So far as anyone can tell nothing had come from that so far.
However recent rumours in the UK and Bangladeshi press suggest that there may be movement in the background.
"GCM offers 30pc Phulbari coalmine stake to govt"
http://www.thefinancialexpress-bd.com/more.php?page=detail_news&date=2012-07-07&news_id=135725
I had pretty much given up hope that the present corrupt/inept Bangladeshi Government would address the needs of their people for energy and economic development. However maybe with election coming up in 2013 it has concentrated the minds of the corrupt/inept current leaders as they may not get a chance to put their snouts in the trough for a few years if they get voted out having failed to deliver on their promises from last election.
There is lots of speculation on internet BB's as to what this means. The details are unimportant as GCM is frankly a binary call. They either get to mine the coal in which case the project is worth a NPV of £50-100 per share or they don't in which case the project is to all intents and purposes worth 0.
POL Directors who seem to be controlling the process now and have deep experience and outstanding connections in the sector (having sold other Coal projects to Chinese strategic investors and Peabody) are fully incentivised to get this project moving with their 30% stake through POL and their direct options in GCM. The stumbling block has always been to get the Bangladeshis to move without having to pay backhanders to one Government or the other. This is ultimately a self defeating proposition because once you pay backhanders to one lot the other lot when they come in will create obstacles until they get their backhanders etc.
However what may have changed is that Bangladeshis are being shamed on World stage right now with World Bank withdrawing funding for one of the other major infrastructure projects in Bangladesh the Padma Bridge claiming that senior politicians are receiving backhanders. The eyes of the World are now on these corrupt cretins so they will have to tread very carefully and start taking decisions that benefit their people rather than themselves.
Furthermore POL are hopefully in the background building a full constituency of interests who can all exert some influence to get the project moving including politicians, locals, mining/power experts, US/Western Governments who ultimately control likes of World Bank/IMF , JICA, Sovereign Wealth Funds who could fund mining or associated power plants etc
At current share price of 50p GCM is valued at £25m (but it also has about £10m of cash and shares in CZA and POL) so in effect the Phulbari Coal Project is being valued at £15m or 30p per share.
In 2005 when there was confidence the project would go ahead the share price reached 900p and the NPV value of the project was put at over 2000p per share.
Given that coal prices have increased substantially over that period the NPV value should now be in the 5000-10000p (£50-£100 per share range).
Typically share prices do not fully reflect NPV values because of discounting for risk but once GCM do receive the 'Green Light' to progress the Phulbari project I would fully expect the shares to trade at 500p+
Management/Board of Directors recently awarded themselves lots of options with an Exercise Price of £1 per share (April 2012). Non-Execs paid as much as 90p per share to buy in the market.
http://www.investegate.co.uk/Article.aspx?id=201204200907047431B
There has been Management change with the CEO leaving and 30% investors Polo (POL) becoming more involved.
POL have previously stated (September 2011) when the share price was c.100p that they were investigating strategic options for their investment
"Polo Resources is currently evaluating options with its advisers with respect to its stake in GCM. Polo is of the view that there are partnership opportunities which it can negotiate with strategic parties who would be critical to the development of the world class Phulbari coal deposit through participation on an appropriate basis with Polo. Polo remains convinced of the significant value potential in GCM and through this process will seek to unlock such value over and above that currently being assigned to GCM by the stock market."
http://www.investegate.co.uk/Article.aspx?id=201109021128025303N
So far as anyone can tell nothing had come from that so far.
However recent rumours in the UK and Bangladeshi press suggest that there may be movement in the background.
"GCM offers 30pc Phulbari coalmine stake to govt"
http://www.thefinancialexpress-bd.com/more.php?page=detail_news&date=2012-07-07&news_id=135725
I had pretty much given up hope that the present corrupt/inept Bangladeshi Government would address the needs of their people for energy and economic development. However maybe with election coming up in 2013 it has concentrated the minds of the corrupt/inept current leaders as they may not get a chance to put their snouts in the trough for a few years if they get voted out having failed to deliver on their promises from last election.
There is lots of speculation on internet BB's as to what this means. The details are unimportant as GCM is frankly a binary call. They either get to mine the coal in which case the project is worth a NPV of £50-100 per share or they don't in which case the project is to all intents and purposes worth 0.
POL Directors who seem to be controlling the process now and have deep experience and outstanding connections in the sector (having sold other Coal projects to Chinese strategic investors and Peabody) are fully incentivised to get this project moving with their 30% stake through POL and their direct options in GCM. The stumbling block has always been to get the Bangladeshis to move without having to pay backhanders to one Government or the other. This is ultimately a self defeating proposition because once you pay backhanders to one lot the other lot when they come in will create obstacles until they get their backhanders etc.
However what may have changed is that Bangladeshis are being shamed on World stage right now with World Bank withdrawing funding for one of the other major infrastructure projects in Bangladesh the Padma Bridge claiming that senior politicians are receiving backhanders. The eyes of the World are now on these corrupt cretins so they will have to tread very carefully and start taking decisions that benefit their people rather than themselves.
Furthermore POL are hopefully in the background building a full constituency of interests who can all exert some influence to get the project moving including politicians, locals, mining/power experts, US/Western Governments who ultimately control likes of World Bank/IMF , JICA, Sovereign Wealth Funds who could fund mining or associated power plants etc
At current share price of 50p GCM is valued at £25m (but it also has about £10m of cash and shares in CZA and POL) so in effect the Phulbari Coal Project is being valued at £15m or 30p per share.
In 2005 when there was confidence the project would go ahead the share price reached 900p and the NPV value of the project was put at over 2000p per share.
Given that coal prices have increased substantially over that period the NPV value should now be in the 5000-10000p (£50-£100 per share range).
Typically share prices do not fully reflect NPV values because of discounting for risk but once GCM do receive the 'Green Light' to progress the Phulbari project I would fully expect the shares to trade at 500p+
RHPS rep must be completely in the gutter / investor sentiment all time lows judging by reaction to their weekend tips.
VAL, TOM and BPC.
To be honest I didn't bother reading the latest issue but will have a look to see if there is anything interesting or new. BPC he included a ridiculous price target of 400p to try to generate interest but that obviously failed as he has been banging that drum for so long, anyone who wanted to buy would have bought already.
I suspect BPC is looking decent long term value here given the amount they have invested and they can farm down interests to pay for drilling.
VAL, TOM and BPC.
To be honest I didn't bother reading the latest issue but will have a look to see if there is anything interesting or new. BPC he included a ridiculous price target of 400p to try to generate interest but that obviously failed as he has been banging that drum for so long, anyone who wanted to buy would have bought already.
I suspect BPC is looking decent long term value here given the amount they have invested and they can farm down interests to pay for drilling.
re BPC
What is the status of the farm-in deal?
In order to drill BPC must sign a deal with a partner prepared to bear most or possibly all of the cost in return for a slice of the action. BPC has put all relevant information in a data room and I understand that several potential partners have shown a serious interest. If drilling is to commence before the April26th deadline, a deal must be struck within the next few weeks. We can only wait to see who a partner
might be although Potter did say that, in the event that oil is found, smaller companies are more likely to get on with production while big multinationals might be more inclined to sit on it while they shift their focus elsewhere.
In any event I will be surprised if a farm-in deal is not signed before long. BPC’s preferred route is to gradually give away a stake in the project in return for finance, rather than raising finance through selling new shares. ‘We prefer to dilute at the asset level rather than the equity level,’ was how Potter put it. BPC has cash in the bank of $35m and should still have $19m by the end of the year.
What is the status of the farm-in deal?
In order to drill BPC must sign a deal with a partner prepared to bear most or possibly all of the cost in return for a slice of the action. BPC has put all relevant information in a data room and I understand that several potential partners have shown a serious interest. If drilling is to commence before the April26th deadline, a deal must be struck within the next few weeks. We can only wait to see who a partner
might be although Potter did say that, in the event that oil is found, smaller companies are more likely to get on with production while big multinationals might be more inclined to sit on it while they shift their focus elsewhere.
In any event I will be surprised if a farm-in deal is not signed before long. BPC’s preferred route is to gradually give away a stake in the project in return for finance, rather than raising finance through selling new shares. ‘We prefer to dilute at the asset level rather than the equity level,’ was how Potter put it. BPC has cash in the bank of $35m and should still have $19m by the end of the year.
Eagle_Eye
ODI Debutant
- Joined
- Jan 11, 2010
- Runs
- 9,954
His only tip that has come good is USOP, nearly 2 bagged on USOP today!! I thought it was worthless scam 10 months ago! Back then, I also thought RRL would come good!!
What a turn up for the books.
What a turn up for the books.
AKT - missed this news when it came out
Ark Therapeutics Appoints a New Head of Business Development
London - 11 June 2012, London, UK: Ark Therapeutics Group plc ("Ark" or the "Company") is pleased to announce that Kassim Kolia, BSc (Hons), has been appointed as Head of Business Development. In this role, Kassim will report directly to Dr David Venables, Executive Director - Manufacturing Services, with responsibility for building Ark's manufacturing services business at its unique viral process development and manufacturing facility based in Kuopio, Finland.
Kassim joins Ark from Eden Biodesign Limited, part of Watson Pharmaceuticals, Inc., where, since 2006, he has been responsible for the business development of Eden Biodesign's contract development and manufacturing services. Before joining Eden Biodesign, Kassim was Key Account Manager at Bachem (UK) Ltd where he was responsible for business development of cGMP business opportunities for the company in the UK and Ireland. Prior to that, Kassim held the role of cGMP Line Manager at Lonza Biologics where he was responsible for the day-to-day running of the manufacturing plant.
Kassim has an outstanding track record in business development in the global biotech manufacturing services sector and is well positioned to promote the growth of Ark's manufacturing business.
Dr David Venables, Executive Director - Manufacturing Services of Ark commented: "Kassim's extensive experience in winning manufacturing service contracts will enable us to accelerate the development of our world-leading contract viral product development and manufacturing services capability into a major, self-sustaining business. I look forward to working with him at what is a very exciting time for Ark."
Ark Therapeutics Appoints a New Head of Business Development
London - 11 June 2012, London, UK: Ark Therapeutics Group plc ("Ark" or the "Company") is pleased to announce that Kassim Kolia, BSc (Hons), has been appointed as Head of Business Development. In this role, Kassim will report directly to Dr David Venables, Executive Director - Manufacturing Services, with responsibility for building Ark's manufacturing services business at its unique viral process development and manufacturing facility based in Kuopio, Finland.
Kassim joins Ark from Eden Biodesign Limited, part of Watson Pharmaceuticals, Inc., where, since 2006, he has been responsible for the business development of Eden Biodesign's contract development and manufacturing services. Before joining Eden Biodesign, Kassim was Key Account Manager at Bachem (UK) Ltd where he was responsible for business development of cGMP business opportunities for the company in the UK and Ireland. Prior to that, Kassim held the role of cGMP Line Manager at Lonza Biologics where he was responsible for the day-to-day running of the manufacturing plant.
Kassim has an outstanding track record in business development in the global biotech manufacturing services sector and is well positioned to promote the growth of Ark's manufacturing business.
Dr David Venables, Executive Director - Manufacturing Services of Ark commented: "Kassim's extensive experience in winning manufacturing service contracts will enable us to accelerate the development of our world-leading contract viral product development and manufacturing services capability into a major, self-sustaining business. I look forward to working with him at what is a very exciting time for Ark."
TLY - on the move
Will have to raise substantial amount of money but a real 'quantum' improvement in the quality of management, business, potential is taking place there.
Market Capitalisation is c. £1m and they need to raise about £1m to execute business plan.
Will have to raise substantial amount of money but a real 'quantum' improvement in the quality of management, business, potential is taking place there.
Market Capitalisation is c. £1m and they need to raise about £1m to execute business plan.
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ok lets look at Nokia
today we have FBR analysts cutting rating
http://www.dailypolitical.com/finance/stock-market/fbr-capital-cuts-price-target-on-nokia-nok.htm
here are the financials
http://www.google.com/finance?q=NYSE:NOK&fstype=ii
some highlights
Revenue $39bn
Gross Profit $11bn
Op Expenses $9.5bn
D&A $2bn
So the company was loss making last year.
Unfortunately all long term trends are negative so hard to see how they become profitable
Revenue falling, Gross Margin falling
It was cashflow positive last year $1bn but even that might become an issue this year.
How do they turn around the revenue line ? The market for mobile phones is saturated, even my Mum and Dad have one and my 11 year old niece has 3.
They are facing more competition from likes of traditional handset players (Samsung, LG) and from new entrants coming into their field like Apple, Google, Microsoft
Their only real hope I suspect is to become a hardware supplier to Microsoft or Google and get bought out by one of those but is any business going to pay for another business which is in terminal decline and they could get cheaper down the road ? Of course if one decides to step up a competitive auction could start for strategic positioning but as an operating asset it looks to have little attraction. If you want to play strategic angle you could have said for last few years Microsoft or Google might want them but neither made a move yet so why not trade it when that catalyst materialises ?
From operational point of view someone suggested it was a cyclical ? It isn't it's in structural decline with occasional product cycles.
Unfortunately that is what happens in technology world. When I was young Spectrum, Amstrad, Commodore, BBC-Micro were leading computer makers but those 'great' brand names from the past are over. When I was at Uni the best mobile phones were Motorola and Ericsson. Nokia had a great period in late 90's and early Noughties but they are dead just like all those companies.
today we have FBR analysts cutting rating
http://www.dailypolitical.com/finance/stock-market/fbr-capital-cuts-price-target-on-nokia-nok.htm
here are the financials
http://www.google.com/finance?q=NYSE:NOK&fstype=ii
some highlights
Revenue $39bn
Gross Profit $11bn
Op Expenses $9.5bn
D&A $2bn
So the company was loss making last year.
Unfortunately all long term trends are negative so hard to see how they become profitable
Revenue falling, Gross Margin falling
It was cashflow positive last year $1bn but even that might become an issue this year.
How do they turn around the revenue line ? The market for mobile phones is saturated, even my Mum and Dad have one and my 11 year old niece has 3.
They are facing more competition from likes of traditional handset players (Samsung, LG) and from new entrants coming into their field like Apple, Google, Microsoft
Their only real hope I suspect is to become a hardware supplier to Microsoft or Google and get bought out by one of those but is any business going to pay for another business which is in terminal decline and they could get cheaper down the road ? Of course if one decides to step up a competitive auction could start for strategic positioning but as an operating asset it looks to have little attraction. If you want to play strategic angle you could have said for last few years Microsoft or Google might want them but neither made a move yet so why not trade it when that catalyst materialises ?
From operational point of view someone suggested it was a cyclical ? It isn't it's in structural decline with occasional product cycles.
Unfortunately that is what happens in technology world. When I was young Spectrum, Amstrad, Commodore, BBC-Micro were leading computer makers but those 'great' brand names from the past are over. When I was at Uni the best mobile phones were Motorola and Ericsson. Nokia had a great period in late 90's and early Noughties but they are dead just like all those companies.
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DeadlyVenom
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at all these mans on this thread being obsessed with nokiaNot sure he should be giving advice but...
My secret to selecting winning shares
By Tom Bulford Jul 10, 2012
http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-how-to-find-best-shares-59610
My secret to selecting winning shares
By Tom Bulford Jul 10, 2012
http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-how-to-find-best-shares-59610
I guess you never forget your first phone (love)
hahah I know, and the share has hit $1.80.
I think the market has already taken into account al the negative stuff that Nokia has, including the face that none of the current phones will be upgraded to Windows 8.
So basically its a big risk buying now in the hope that either
A. Windows 8 phone saves its butt
B. Some company buys Nokia out at a bit of a premium
C. Someone pays a lot of money for Nokia's patents including the ones they have in 4G and LTE
The company is in deep deep trouble, but like I said at $1.80 what have you got to lose!
IMIC
http://www.moneyweek.com/investment...sleuth-tiny-stock-change-african-mining-59712
"Could this tiny company change African mining?"
By Tom Bulford Jul 12, 2012
http://www.moneyweek.com/investment...sleuth-tiny-stock-change-african-mining-59712
"Could this tiny company change African mining?"
By Tom Bulford Jul 12, 2012
TLY - superb share price performance , i'd be nervous chasing it here but looks like plenty of news due, a £1m company winning NHS contracts alongside Capita must be doing something right, getting rid of the Jewish newpaper division seems the right strategic move by the new Management
dfohare
13 Jul'12 - 10:51 - 1646 of 1647
was trying some analysis to get an idea of fair value....
NHS Mid + East trust has spend of 8bn
Total NHS spend 110bn
so NHS Mid + East represents c.7% of NHS
Initial contract worth 1.6m
my estimate is broken down as follows:
set up cost 0.3m
central staff costs 0.5m
web design 0.4m
staffing of experienced mentoring nurses 0.4m
my estimate of a national contract which is covering 14times the people is...:
set up cost 0.5m - setting up for national will be a different league
central staff costs 0.5m - same people will lead national project
web design 2.8m - 14 times the size with 50% learning curve
staffing of experienced mentoring nurses 1.0m - if goes national the staff will preseumeably be run from NHS direct or NHS 111. But there will be a switch-over project to go from trial to national plan which TLY Health will implement
10% contingency - 0.5m
National contract worth 5.3m
and i would imagine profit margins on that to be 10-15% depending on how successful they are but easily see profit of 500k to 800k
PLUS they have profit from ordinary digital business
So can comfortably put reasonable value on TLY of 5m
which with 200m shares (current 100m + 100m to raise 900k)
gives a reasonable value price of 2.5p if they get the national contract
downside is back to digital shell wtih expensive head office team but at this stage does look 80% on favourite to be part of national roll out. And politics momentum seems to be in favour of this sort of self informed accountability to help reduce cost by using technology
upside of course is super huge - in simple terms they will have designed the database collecting all health information on l.term illnesses which in itself would be valuable i would have thought plus the knock on effect to gain other work especially leveraging their charity contacts re cancer, heart etc...
so to see them valued as a 20m business 200m shares at 10p is not unrealistic
the mgt team have ability to build by acquisition as well
i am a holder so hopefully not getting carried away but
i have invested from profits so written off the cost and now trying to be disciplined about setting a selling target before the real excitement starts and i get carried away
interested in others thoughts re specific valuations / analysis - mny tks
All IMHO, DYOR + BoL
TLY is in my top10 hldgs
dfohare
13 Jul'12 - 10:51 - 1646 of 1647
was trying some analysis to get an idea of fair value....
NHS Mid + East trust has spend of 8bn
Total NHS spend 110bn
so NHS Mid + East represents c.7% of NHS
Initial contract worth 1.6m
my estimate is broken down as follows:
set up cost 0.3m
central staff costs 0.5m
web design 0.4m
staffing of experienced mentoring nurses 0.4m
my estimate of a national contract which is covering 14times the people is...:
set up cost 0.5m - setting up for national will be a different league
central staff costs 0.5m - same people will lead national project
web design 2.8m - 14 times the size with 50% learning curve
staffing of experienced mentoring nurses 1.0m - if goes national the staff will preseumeably be run from NHS direct or NHS 111. But there will be a switch-over project to go from trial to national plan which TLY Health will implement
10% contingency - 0.5m
National contract worth 5.3m
and i would imagine profit margins on that to be 10-15% depending on how successful they are but easily see profit of 500k to 800k
PLUS they have profit from ordinary digital business
So can comfortably put reasonable value on TLY of 5m
which with 200m shares (current 100m + 100m to raise 900k)
gives a reasonable value price of 2.5p if they get the national contract
downside is back to digital shell wtih expensive head office team but at this stage does look 80% on favourite to be part of national roll out. And politics momentum seems to be in favour of this sort of self informed accountability to help reduce cost by using technology
upside of course is super huge - in simple terms they will have designed the database collecting all health information on l.term illnesses which in itself would be valuable i would have thought plus the knock on effect to gain other work especially leveraging their charity contacts re cancer, heart etc...
so to see them valued as a 20m business 200m shares at 10p is not unrealistic
the mgt team have ability to build by acquisition as well
i am a holder so hopefully not getting carried away but
i have invested from profits so written off the cost and now trying to be disciplined about setting a selling target before the real excitement starts and i get carried away
interested in others thoughts re specific valuations / analysis - mny tks
All IMHO, DYOR + BoL
TLY is in my top10 hldgs
Market seems to be rewarding companies doing the right things which is a very good sign.
Think consensus is that market will be quiet/dead during Summer holiday season and Olympics but it might actually be a good time to keep your eyes open in advance of what could/should be a seasonally strong end to the year starting September ? Corporate results season outlooks might actually be quite good with Banks maybe lending again and oil/commodity prices lower.
Think consensus is that market will be quiet/dead during Summer holiday season and Olympics but it might actually be a good time to keep your eyes open in advance of what could/should be a seasonally strong end to the year starting September ? Corporate results season outlooks might actually be quite good with Banks maybe lending again and oil/commodity prices lower.
Eagle_Eye
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Horror show at BOR. Could FOGL be affected by this further? It seems like the southern FI is a gas basin.
Most of the reasoned opinion seems to be still positive for FOGL.
Hydrocarbons proven / source rock etc
Problem with this well was the drill encountering too much gas so not reaching Target Depth.
FOGL should be able to learn from BOR experience maybe use oil based mud rather than water based ( just re-quoting FOGL bulls here no idea myself)
Even if FOGL targets are gas they are of big enough size to be commercial (multi-TCF 10tcf+) whereas BOR targets were relatively small (1-5 tcf) so that would justify Floating LNG apparently.
Think FOGL is ok here so will add a bit. But expect some negative follow through on BOR and FOGL tomorrow. Worth bearing in mind that there are lots of leveraged traders in these situations who'll be getting margin called so forced sellers magnifying the 'noise' or trading amplitude around the core fundamental valuations.
Hydrocarbons proven / source rock etc
Problem with this well was the drill encountering too much gas so not reaching Target Depth.
FOGL should be able to learn from BOR experience maybe use oil based mud rather than water based ( just re-quoting FOGL bulls here no idea myself)
Even if FOGL targets are gas they are of big enough size to be commercial (multi-TCF 10tcf+) whereas BOR targets were relatively small (1-5 tcf) so that would justify Floating LNG apparently.
Think FOGL is ok here so will add a bit. But expect some negative follow through on BOR and FOGL tomorrow. Worth bearing in mind that there are lots of leveraged traders in these situations who'll be getting margin called so forced sellers magnifying the 'noise' or trading amplitude around the core fundamental valuations.
jaspa888
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Interesting tip received from some usually trustworthy sources.
Wishbone Gold (EPIC:WSBN).
I've been told nothing except that it the new venture for Richard Poulden (ex-SXX), the guy who took the stock from 2p to 15p a couple of years ago, before he was displaced by the big fish.
His past MO has been growth via acquisition, so will be interesting at least.
Any views/heard anything s28?
Wishbone Gold (EPIC:WSBN).
I've been told nothing except that it the new venture for Richard Poulden (ex-SXX), the guy who took the stock from 2p to 15p a couple of years ago, before he was displaced by the big fish.
His past MO has been growth via acquisition, so will be interesting at least.
Any views/heard anything s28?
In short, Not a fan.
He might ramp it off his rep and the simple story appeals to the average punter 'he made a £2m company into a £200m company'.
However as you point out the actual share price appreciation was of the order of 2p to 15p which gives the lie to the 'simple story' i.e. there was lots of share dilution over that journey.
Furthermore he did that in the 'sexy' potash sector during a time of bull run in markets.
He is now messing around with gold in Australia. It's a pretty well explored place so you'd think the Aussies would be onto anything decent by now and labour costs are quite high. It looks at first glance expensive versus other similar sized explorers.
e.g. AME it's Market Cap £2m is less than it's cash (£2.5m) so almost no credit for exploration potential (partly because it's in some African country where the Govt is being overthrown but still cash is cash and exploration potential is just that i.e. not really expropriatable or not worth it at that early stage)
e.g. ALO it's just had big investment from some rich Arabs and got some nice explo acreage in hot East African gold territory (Mkt Cap £5m)
e.g. GGP has been in Australia for years with lots of properties and acreage but not achieved anything so far (Mkt Cap £2m)
whereas WSBN is valued at £2m with £0.5m of cash so you are paying £1.5m of hope value and they'll definitely need to raise more cash to do anything half decent with costs in Australia being so high
i think i mentioned above somewhere a lot of the 'hype' stories just aren't getting credit right now because their target audience of retail investors are spent, the only stories with real traction are those who are actually delivering something tangible and getting Institutional / strategic corporate buy-in to their strategies
He might ramp it off his rep and the simple story appeals to the average punter 'he made a £2m company into a £200m company'.
However as you point out the actual share price appreciation was of the order of 2p to 15p which gives the lie to the 'simple story' i.e. there was lots of share dilution over that journey.
Furthermore he did that in the 'sexy' potash sector during a time of bull run in markets.
He is now messing around with gold in Australia. It's a pretty well explored place so you'd think the Aussies would be onto anything decent by now and labour costs are quite high. It looks at first glance expensive versus other similar sized explorers.
e.g. AME it's Market Cap £2m is less than it's cash (£2.5m) so almost no credit for exploration potential (partly because it's in some African country where the Govt is being overthrown but still cash is cash and exploration potential is just that i.e. not really expropriatable or not worth it at that early stage)
e.g. ALO it's just had big investment from some rich Arabs and got some nice explo acreage in hot East African gold territory (Mkt Cap £5m)
e.g. GGP has been in Australia for years with lots of properties and acreage but not achieved anything so far (Mkt Cap £2m)
whereas WSBN is valued at £2m with £0.5m of cash so you are paying £1.5m of hope value and they'll definitely need to raise more cash to do anything half decent with costs in Australia being so high
i think i mentioned above somewhere a lot of the 'hype' stories just aren't getting credit right now because their target audience of retail investors are spent, the only stories with real traction are those who are actually delivering something tangible and getting Institutional / strategic corporate buy-in to their strategies
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Case in point stocks doing well today are ones which by and large do not have large 'fanbase' from 2009-11 go-go stock days.
e.g. CICR, LPA, CAP all got some real decent fundamental reason for going up / no massive stale bull positions looking to sell out any 5-10% rise
CICR - potential dividend from gold mine sale / gold mine production / gold miner IPOs
LPA - tipped in SCSW over weekend but got decent little growth LED business and potential one-off windfall from selling surplus land in Saffron Walden
CAP - positive profit warning today doing decent business converting diesel fuel trucks to run on natural gas
e.g. CICR, LPA, CAP all got some real decent fundamental reason for going up / no massive stale bull positions looking to sell out any 5-10% rise
CICR - potential dividend from gold mine sale / gold mine production / gold miner IPOs
LPA - tipped in SCSW over weekend but got decent little growth LED business and potential one-off windfall from selling surplus land in Saffron Walden
CAP - positive profit warning today doing decent business converting diesel fuel trucks to run on natural gas
jaspa888
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Thanks mate, excellent summary. I just wondered if you had heard any rumblings from your pals...
Shall file away under 'Blind Punt - ignore'.
Shall file away under 'Blind Punt - ignore'.
jaspa888
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Up 28% this morning
Eagle_Eye
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What a blind punt.... though the spread is huge!
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Eagle_Eye
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As expected, FOGL in freefall due to results from BOR.
General sell off in risky plays.
General sell off in risky plays.
TLY that chart starting to look like a potential slingshot higher. Still nervous that they need to raise £1m but the newsflow could be strong to get a placing away ?
Speculation appears to be they will get NHS National roll-out contract and this Shared Decision Making architecture seems a decent worthwhile initiative.
Speculation appears to be they will get NHS National roll-out contract and this Shared Decision Making architecture seems a decent worthwhile initiative.
Eagle_Eye
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Red or black time with RMP/RRL.......... bought a large position in RMP just before auction at close.
Nervous 24-48 hrs ahead
Nervous 24-48 hrs ahead
TLY annoyingly keeps going up. I do prefer stocks to rise on news and fundamentals rather than just go up for seemingly no reason makes the rise look a bit 'brittle'. Anyway the buzz it seems is that they are holding their AGM next week so they may update on how the business re-positioning is progressing. The feedback from ?NHS sources so far on TLY's work seems positive and this seems to be encouraging speculation they can turn their £1.5m NHS Midland & East contract into a Nationwide contract.
SXX - seems to be hit by same malaise as many other AIM favourites from the 'good ole days' of 2009-2011
Post 2370 re activities of proprietary trading desks is best explanation I have seen for the correlation of almost all AIM stocks over the last few months
Post 2370 re activities of proprietary trading desks is best explanation I have seen for the correlation of almost all AIM stocks over the last few months
jaspa888
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SXX is holding well, considering the wider market. First milestone was the virgin JORC, that has now been completed.
Next two transformational milestones are financing and planning permission. Both are dependent on each other, as well as the economy
Next two transformational milestones are financing and planning permission. Both are dependent on each other, as well as the economy
Eagle_Eye
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Fresh Water it is then at Shabeel North in Puntland! Maybe they can pump that and help the farmers....
jaspa888
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Puntland always seemed to good to be true - especially those 20 year old reports.
I am still happy with RRL as T&T is worth 9p alone. Texas is reputedly worth another 3p. It just means a longer term hold (3 years +).
I am still happy with RRL as T&T is worth 9p alone. Texas is reputedly worth another 3p. It just means a longer term hold (3 years +).
Eagle_Eye
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Its odd how they reportedly found oil on the rim of the basin 20 years ago and not in the middle now.
LOL there are too many on the long term list now
Hopefully CHAR and FOGL will change all that in the near future.
LOL there are too many on the long term list now
Hopefully CHAR and FOGL will change all that in the near future.
http://seekingalpha.com/article/728411-evs-batteries-and-tales-from-the-valley-of-death
some good charts in that article about the non-linear progress of new technology innovation
some good charts in that article about the non-linear progress of new technology innovation
Eagle_Eye
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I took my profit on usop, not going to hang around for flow test. Its been 6 weeks since they started to flow test it and no news.
I think next bit of news is ADR's and updated increased CPR ( ie more than 56 million barrels) and then probably flow testing and from what I have read the guess is they were wire line testing only till recently and analysing data.
They also went straight to a production head fitting - it will flow but guess is how much...
The exchange listing on GXG has been a blessing in disguise - buffered it from the mass market downfall.
Considering the increasing no. of brokers are sell only seems a no brainer at this point.
Also, less than 42 million shares - 20% either held by directors or in treasury.
They also went straight to a production head fitting - it will flow but guess is how much...
The exchange listing on GXG has been a blessing in disguise - buffered it from the mass market downfall.
Considering the increasing no. of brokers are sell only seems a no brainer at this point.
Also, less than 42 million shares - 20% either held by directors or in treasury.
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Eagle_Eye
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Tony,
That is all positive. However, if the results are below expectation, you will not be able to sell your shares. GXG is a matched market between buyers and sellers with no market makers in between. On below expectation news, buyers will dry out an you will be left hanging.
Bear in mind the current large holders need more buyers to bank pofits. ADR listing is a perfect vehicle for it. The fact that you can buy shares mean someone is selling. Is this also the reason the results are being delayed?
On good news, I will return. I got stung by rolling the news dice with RMP this week so not holding through news again.
That is all positive. However, if the results are below expectation, you will not be able to sell your shares. GXG is a matched market between buyers and sellers with no market makers in between. On below expectation news, buyers will dry out an you will be left hanging.
Bear in mind the current large holders need more buyers to bank pofits. ADR listing is a perfect vehicle for it. The fact that you can buy shares mean someone is selling. Is this also the reason the results are being delayed?
On good news, I will return. I got stung by rolling the news dice with RMP this week so not holding through news again.
Eagle_Eye
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I meant Toony!
Eagle_Eye,
From the last RNS and the CEO interviews - flow testing has yet to take place as they had brought in specialists in baker hughes to do the wire line testing and someone else to fit the production head once testing was completed.
The CEO himself has said - what they have found has 'exceeded expectations.' I am guessing that's why they bypassed couple of testing stages and moved to installing and fitting a production head - which is the more expensive option. They have low uplift costs less than $3 a barrel and were targeting between $25-$45 profit depending on the quality of oil.
The initial data they have got points towards light sweet crude oil so closer to $45
They are paying these company oil riggers in shares and they are happy to take that ( possibly because you work for them and got shares in them - its tax free). Possibly a few are selling up.
I know a fair few have take t20s out with a fair few brokers and the settlement dates have come up this last fortnight... a few taken risks to buy and sell them at profit. Pay off the debt with their shares.
Although, now some have latched on to the fact they can roll over their t20s by selling and buying.
Some like winterfloods (3rd party broker) are charging a premium - guess they are loading up to buy and sell.
There is one fund who is selling their shares from what i heard that the value of shares has exceeded their 10% rule and have to sell to be under that target - go figure - They had a million shares.
Others investors are just in a need to sell for personal reasons..
From the last RNS and the CEO interviews - flow testing has yet to take place as they had brought in specialists in baker hughes to do the wire line testing and someone else to fit the production head once testing was completed.
The CEO himself has said - what they have found has 'exceeded expectations.' I am guessing that's why they bypassed couple of testing stages and moved to installing and fitting a production head - which is the more expensive option. They have low uplift costs less than $3 a barrel and were targeting between $25-$45 profit depending on the quality of oil.
The initial data they have got points towards light sweet crude oil so closer to $45
They are paying these company oil riggers in shares and they are happy to take that ( possibly because you work for them and got shares in them - its tax free). Possibly a few are selling up.
I know a fair few have take t20s out with a fair few brokers and the settlement dates have come up this last fortnight... a few taken risks to buy and sell them at profit. Pay off the debt with their shares.
Although, now some have latched on to the fact they can roll over their t20s by selling and buying.
Some like winterfloods (3rd party broker) are charging a premium - guess they are loading up to buy and sell.
There is one fund who is selling their shares from what i heard that the value of shares has exceeded their 10% rule and have to sell to be under that target - go figure - They had a million shares.
Others investors are just in a need to sell for personal reasons..
Eagle_Eye
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I know what you saying, I have read the reports and posts etc...... What will be the consequences for the flip side? You will be left with no one buying your shares. It literally is boom or bust!
I got in around £1.70 and sold just under £5, thought it did go upto £6 afterwards. The mcap is still relatively low compared to the recoverables that are being talked about. I have learnt through bitter experience not to hold for too long and take profit along the way. In this instance, there is time enough to get in after news. If it jumps to £25 after news in an instant, then so be it. I rather have bird in had rather than two in the bushes.
Remember this is an un-regualted market, anything goes. USOP have never produced audited accounts! I saw the CEO's interview, very nervous and kept looking at his notes. To be honest, didn't quite fill me with confidence.
When did you buy in?
I got in around £1.70 and sold just under £5, thought it did go upto £6 afterwards. The mcap is still relatively low compared to the recoverables that are being talked about. I have learnt through bitter experience not to hold for too long and take profit along the way. In this instance, there is time enough to get in after news. If it jumps to £25 after news in an instant, then so be it. I rather have bird in had rather than two in the bushes.
Remember this is an un-regualted market, anything goes. USOP have never produced audited accounts! I saw the CEO's interview, very nervous and kept looking at his notes. To be honest, didn't quite fill me with confidence.
When did you buy in?
I agree the CEO looked nervous...but his working background doesn't strike you having do then many tv styled presentation.... you then have confident fellas like the one at Range who hits you with dilution, time after time.
This guy is already paper millionaire. But I am guessing- he is looking at the big prize/pay day.
I got in at £1.05p pre-suspension on plus market on the news they found oil - about £1800 and topped since then - average around £3!
GXG is a small market - but is cheap to list on and buffers you from the spread betters who are all over the main markets.... and from I have read the only share which is moving stock about on it. But, you can put your shares at whatever price you want to sell at rather than rely on MMs to move price up and down. Long term, i am guessing they will move on.
ADRs will bring liquidity to the stock as well as exposure to the main american markets imo as well which will bring only a positive uplift to the price if the CEO times is RNS's well.
This guy is already paper millionaire. But I am guessing- he is looking at the big prize/pay day.
I got in at £1.05p pre-suspension on plus market on the news they found oil - about £1800 and topped since then - average around £3!
GXG is a small market - but is cheap to list on and buffers you from the spread betters who are all over the main markets.... and from I have read the only share which is moving stock about on it. But, you can put your shares at whatever price you want to sell at rather than rely on MMs to move price up and down. Long term, i am guessing they will move on.
ADRs will bring liquidity to the stock as well as exposure to the main american markets imo as well which will bring only a positive uplift to the price if the CEO times is RNS's well.
TLY took a one day shellacking. Looks like some investors got a bit windy about the proposed potential placing due to take place some time in the next year. It is prone to these sharp falls and then tends to build back up again but I will wait to see what news comes out in particular any hints to potential national roll out of SDM with NHS.
Never come across this company (Ultima Networks UTN) before but Tom Bulford has featured it today in his free Penny Sleuth newsletter. It's very small and run by a Pakistani called Professor Humayan Mughal.
http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-one-very-strange-company-59926
"How Bradley Wiggins could boost this quirky company
I'm talking about AIM-listed ULTIMA NETWORKS (UTN). This quirky company is quite a success story. Ultima recorded a £483,000 profit last year, it has cash in the bank, and at 0.95p the shares trade at little more than their underlying tangible asset value.
The driving force behind this company is Professor Humayan Mughal.
Professor Mughal is quite an entrepreneur. He built Pakistan's first commercial solar panel manufacturing plant in 2005, runs the private Akhter Group that sells IT equipment to the UK public sector, and is also chairman and chief executive of Ultima.
Investors like to pigeonhole a company into one sector or another, but Ultima defies such simplicity. It is involved in three different activities which could hardly be more different, and one of those could just get a boost from Bradley Wiggins fever – as Professor Mughal explained to me when we had lunch recently.
Ultima Networks sells electric bicycles under the Infineum Electric brand. Battery packs are placed behind the saddle and drive a 250-watt motor that is in the front wheel hub.
Although you pedal the bike, this motor kicks in enabling you to cruise along at 15mph without too much effort. As one who lives in a cycling city, Oxford, I like the idea. Professor Mughal reckons that it could appeal to the swelling ranks of senior citizens who no doubt fancy an active lifestyle so long as it does not require too much effort.
Why are these bikes so appealing?
The secret is in the batteries. These are made of lithium polymer, rather than the traditional lead acid, and consequently weigh just 2kg. Each one can provide sufficient power for a 25-mile ride, at which point they must be charged up for between four and six hours. But you can have more than one battery.
By stacking these slim units upon each other, you can have, say, four batteries to give you a 100-mile range. Ultima is already selling these bikes in Germany and the Netherlands, and you can buy them online in the UK. Compared with a normal pedal bike, though, they are not cheap. You can expect to pay about £1,200. Extra batteries, which last for about 1,000 charging cycles, cost £250. Lycra shorts are, of course, optional….
From Oxford to Mexico
Now get ready for another strange jump in this story. Because as well as electric bicycles and legal software, Ultima is also involved in green energy.
Ultima installs solar panels on schools and industrial roofs, and has plans for installations in southern Italy, Mexico, Pakistan and Morocco. Professor Mughal explained that in Mexico electricity is illegally syphoned from the grid, denying it to schools. Solar electricity supply gets around this problem. It also enables schools to make some money by selling power back into the grid at weekends.
Professor Mughal thinks this is a viable business for the UK, despite the government changing the rules at the end of last year. But for many homeowners, he has a better idea.
Those who rely heavily on heating oil have been hit hard by rocketing prices, and Professor Mughal ran through the numbers for an alternative. This is called 'ground source heat'. Ground source heat pumps use pipes which are buried in the garden to extract heat from the ground. This can then be used to heat radiators, underfloor or warm-air heating systems and hot water. The ground stays at a fairly constant temperature under the surface, so the heat pump can be used even in the middle of winter. Ultima has bought two mobile drilling rigs and is targeting 100 installations next year.
What an odd mix of ventures. And stranger still that it seems to be profitable. But before you get too excited, I must add that Ultima is only valued in total at £2.65m and the trading volumes are slim. But to me, Professor Humayan Mughal appears to be a man worth keeping an eye on…
Until next time,
Tom Bulford
The Penny Sleuth"
http://www.moneyweek.com/investment-advice/penny-shares/penny-sleuth-one-very-strange-company-59926
"How Bradley Wiggins could boost this quirky company
I'm talking about AIM-listed ULTIMA NETWORKS (UTN). This quirky company is quite a success story. Ultima recorded a £483,000 profit last year, it has cash in the bank, and at 0.95p the shares trade at little more than their underlying tangible asset value.
The driving force behind this company is Professor Humayan Mughal.
Professor Mughal is quite an entrepreneur. He built Pakistan's first commercial solar panel manufacturing plant in 2005, runs the private Akhter Group that sells IT equipment to the UK public sector, and is also chairman and chief executive of Ultima.
Investors like to pigeonhole a company into one sector or another, but Ultima defies such simplicity. It is involved in three different activities which could hardly be more different, and one of those could just get a boost from Bradley Wiggins fever – as Professor Mughal explained to me when we had lunch recently.
Ultima Networks sells electric bicycles under the Infineum Electric brand. Battery packs are placed behind the saddle and drive a 250-watt motor that is in the front wheel hub.
Although you pedal the bike, this motor kicks in enabling you to cruise along at 15mph without too much effort. As one who lives in a cycling city, Oxford, I like the idea. Professor Mughal reckons that it could appeal to the swelling ranks of senior citizens who no doubt fancy an active lifestyle so long as it does not require too much effort.
Why are these bikes so appealing?
The secret is in the batteries. These are made of lithium polymer, rather than the traditional lead acid, and consequently weigh just 2kg. Each one can provide sufficient power for a 25-mile ride, at which point they must be charged up for between four and six hours. But you can have more than one battery.
By stacking these slim units upon each other, you can have, say, four batteries to give you a 100-mile range. Ultima is already selling these bikes in Germany and the Netherlands, and you can buy them online in the UK. Compared with a normal pedal bike, though, they are not cheap. You can expect to pay about £1,200. Extra batteries, which last for about 1,000 charging cycles, cost £250. Lycra shorts are, of course, optional….
From Oxford to Mexico
Now get ready for another strange jump in this story. Because as well as electric bicycles and legal software, Ultima is also involved in green energy.
Ultima installs solar panels on schools and industrial roofs, and has plans for installations in southern Italy, Mexico, Pakistan and Morocco. Professor Mughal explained that in Mexico electricity is illegally syphoned from the grid, denying it to schools. Solar electricity supply gets around this problem. It also enables schools to make some money by selling power back into the grid at weekends.
Professor Mughal thinks this is a viable business for the UK, despite the government changing the rules at the end of last year. But for many homeowners, he has a better idea.
Those who rely heavily on heating oil have been hit hard by rocketing prices, and Professor Mughal ran through the numbers for an alternative. This is called 'ground source heat'. Ground source heat pumps use pipes which are buried in the garden to extract heat from the ground. This can then be used to heat radiators, underfloor or warm-air heating systems and hot water. The ground stays at a fairly constant temperature under the surface, so the heat pump can be used even in the middle of winter. Ultima has bought two mobile drilling rigs and is targeting 100 installations next year.
What an odd mix of ventures. And stranger still that it seems to be profitable. But before you get too excited, I must add that Ultima is only valued in total at £2.65m and the trading volumes are slim. But to me, Professor Humayan Mughal appears to be a man worth keeping an eye on…
Until next time,
Tom Bulford
The Penny Sleuth"
Last edited:
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