Smc Share Discussion Threads

[deponent] 29/12/2022 02:22

With 2022 coming to a close, what are some of the key OTCs that have impressed you this year, and what are your thoughts on the OTCs that will dominate 2023? Looking forward to your opinions below!

[deponent] 22/12/2022 12:36

With 2022 coming to a close, what are some of the key OTCs that have impressed you this year, and what are your thoughts on the movers and shakers next year? Looking forward to your opinions below!

[ih_829859] 15/12/2022 12:02

With 2023 approaching, what are some microchip trends you see for 2023

[deponent] 01/12/2022 11:14

What do you look for in a small cap to determine a buy? Do you prefer company news, potential earnings eps or any other indicators?

[deponent] 24/11/2022 11:32

!FOLLOWFEED
Hi everyone! I am looking for some opinions on small-cap and other micocap stocks and learn more about what to look out for when investing in these type of assets. All input appreciated!

[lfdkmp] 09/12/2008 17:13

Stewart McColl about to be airbrushed, it seems.

[davemac3] 08/12/2008 12:19

excellent statement, could be a bargain

[ggekkko] 10/10/2008 14:24

guess we'll be seeing some contract cancellations soon

[ggekkko] 09/10/2008 21:29

going back to 1p, looks like everyone is dumping these

[davemac3] 09/10/2008 11:39

you can buy these below the mid price (4.5p) at the moment. Are they worth a punt after the recent results and hold for a couple of years?

[dave7] 11/9/2008 20:26

Just....................don't

[izzywizzy] 10/9/2008 10:53

Morning,

I bought here yesterday (simply as a 'punt'before results) and have bought again this morning - having previously bought at around the £1 mark! :-( Hopefully little downside with the added hope of maybe a bid or perhaps director buying...?

In any event, good luck to holders, old and new.

[theophilus] 10/9/2008 09:11

The latest results suggest that these may well be worth a small investment.

On the basic eps they could be on a PE of about 14 or so for H1 without any contribution from H2.

Still not for widows and orphans as the saying goes.

Cheers

Th.

[wtacraig3] 09/9/2008 17:54

Interesting tick up today - on reasonable volume

[jotoha1] 31/7/2008 09:03

Ringo, oh you are so naughty, please read last company statement, they have a full order book and are expanding in the far east , where belief it or not there is a boom going on!

[phil2003] 28/7/2008 20:57

+21%.. YES.. I'm rich.. rich.. RICH as kings..
up 21% in one day.. YES!!

(checks purchase price)

ahh NUTS..
(reopens bottom drawer and replaces share cert)

[dave7] 28/6/2008 14:53

Don't get excited,I don't actually exist but am a net based compuetr (sic) programmed to spot small changes in neglected shares so that my bigger brothers can dive in and suddenly zoom the price up (hopefully.) My maths engine is based on Yahoo finance so is a bit out of sync with the header graph,possibly a bit on the optimistic side but hey....
(Actually now need a really big rise as the nominee fee is almost as big as the value of the holding but can't bear to sell out and miss the coming huge rise..... DYOR etc)
cheers
dave

[lfdkmp] 27/6/2008 20:36

Wow

I was expecting the Phoenix probe to find life before it would be reconfirmed here on SMC thread! :-)

dave7, take me to your leader and, while you're at it, please explain from whence you get the figure of +3%

[dave7] 27/6/2008 20:25

Well LFDKMP, it must feel good that someone read your post and bought a few shares and the share price moved up 3%
Only another 95% to go and we'll break even! Keep posting.

[lfdkmp] 26/6/2008 07:32

Hmmm

As the world has gone away, and with continuing positive noises coming out of the restructured group, wonder if a k or two re-invested in SMC and tucked at the back of the portfolio drawer for a while might just be a smart move.

Bid/offer spread's a killer though.

Hmmmmm

[wapper] 02/4/2008 09:41

Results tomorrow (and Aukett too)

[njp] 27/3/2008 01:35

Quite a few superficial similarities to WNG here. Buy and build spending spree, share price rattles up to near 200p before imploding off the back of a series of profit warnings, ultimately to single pence, both in the same broad sector, both say they have now cleared the decks for recovery.

WNG has parachuted in a credible management team in Beart & Co (ex RAS, formerly XKO) but the business was a horrifyingly incompetent mishmash. New management appear to be acting swiftly to uncover the core to a future profitable business. They have the benefit of residual funds from the 170p share placing (how on earth were major instis persuaded to invest?) but there's a further loss to look forward to next half before the struggle back to breakeven and beyond. Beart reckons he's entered at a good price, snaffling 350k at 8.1p.

SMC is a collection of good businesses welded uncertainly together by debt, with McColl's almost megalomanic ambition far outstripping central management's ability to control the rate of expansion and pushing debt to unsustainable limits. An object lesson in the perils of too-rapid 'buy and build', though at the time many of us (me included) paid too little heed to the rapidly building debt by over-focusing on projected profits and cash flows which indicated a modest valuation relative to growth. Inevitably, of course, the wheels were coming off, the share price plummeted and sorting out the debt gave rise to 500% dilution. Fundamentally the various businesses that remain look good (very much unlike WNG) and hitherto there has been plenty of work, but new management have much to prove and key staff retention has to be a major concern.

SMC look to be the better business but the dilution is massive and must limit the upside. Will they manage to weld a credible whole out of the various disparate businesses that comprise it? Many in the architechtural universe expected them to fail. WNG meanwhile pretty well starts with a clean slate and a credible management team. They don't suffer from the dilution and have some funds at their disposal, but are pretty much starting from scratch.

I note that following WNG's recent results announcement the price rose from 8p to 12p before falling back. Though SMC's trading update was encouraging, I wouldn't be surprised to see something similar happening here and I certainly don't see any spike beyond yesterday's close being sustainable, though wish current holders well.

Both companies could be good recovery stories but there's just too much competition out there from sound, well funded and profitable growth companies on near similar forward profit multiples. Why take the risk right now?