Customvis Share Discussion Threads

[eternaloptimist] 30/12/2009 08:37

Look reasonably positive final results to me and I will focus on the

"Although the past 12 months have been an extremely difficult period, we believe that much better times are not far away."

and the

* Revenue increased by 82% to GBP2.12m (2008: GBP1.16m)
* Gross profit increased by 70% to GBP1.07m (2008: GBP0.63m)
* Loss before tax (before unrealised gain on foreign exchange) reduced by almost 40% to GBP1.1m (2008: GBP1.82m)

Hints of possible fund raising but at least seemingly not currently a pressurised one

"By doing so the Directors are confident that they will be able to fund ongoing operations and growth by these and other options the Board is currently
pursuing. One option may be to raise additional working capital at some stage in 2010."


There may be hope for my few CUS shares - and added a few more this morning.

[1stclass] 12/12/2009 19:07

CUS New thread - New beginning (CUS)


ok stale mate - Good luck hope you lot get to get back in that were told to get out.... funny how craig was snapping em up while the bashers were selling :)


no honestly stale mate :)


bye

[jaylett] 12/12/2009 19:01

Quiet as you like on here, but just in case anyone is still reading; I had an email conversation with Paul VS and was advised finals are expected in a couple of weeks. Also, the Moorfields trial is progressing 'slowly'. Due to the fact it's free work they are unable to apply any pressure to speed things up. Patience needed by them, and by us.

Jay

[jaylett] 03/12/2009 12:05

Into December and still no results. share price back where we started before the recent 'company-changing' annoucements. The market obviously didn't believe how company changing it was. My thoughts are that many are waiting to see the annuals and Moorfields feedback before making a decision on buying. In the meantime the price will continue to drift downwards.

'early November'...

Jay

[jaylett] 30/11/2009 14:51

Where oh where are are the annual results and Moorfields update...?

From 11th Sept RNS:

The laser trial at Moorfields Eye Hospital in London, which was delayed over
the summer period due to staffing commitments, has now commenced and the Group
expects to update shareholders with the results from the initial trials when
it announces its annual results in early November.

[induna123] 24/11/2009 12:54

You may be correct in your cynicism jay, the sweetner before the bitter pill. I've seen it happen before.

[jaylett] 23/11/2009 10:34

Yes, it is a decent update. As I said previously, hard sales of product and cash in the door is what is needed. I wonder if this positive RNS is timed to come out just before the annuals which are due very soon? I would expect them to be less than great given the expected sales for the previous year, however if CUS can demonstrate they are ramping up sales to market (as the last two RNS have done) then the future picture looks better. Hopefully these types of announcements are a sign that short-term financing from placings is a thing of the past, and that the business is becoming cash flow positive. As a holder that is what I really want to see as it will have a significant impact on the share price

Jay

[fur] 23/11/2009 10:29

on the 20th the price dropped, small sale nothing much, it stayed down for about 30 and then 1m buy went through. If I wanted to buy 25,000 shares (not £) would the mm drop the price for me and get them cheaper; not likely. That is what I was on about.

anyway , good update and lets hope it gets volume going both in terms of the sales and the shares.

[wattzy] 23/11/2009 10:22

Excellent update, hopefully should get a steady rise from here.

[induna123] 23/11/2009 10:19

Nice update. Does this please you Jay? Sounds very upbeat.

[jaylett] 20/11/2009 09:43

Fur - I never understand the point of comments like yours? What are you trying to achieve by posting it?

Sometimes I get the feeling people just want to post something, anything, and it doesn't really matter what it is. As this board has basically two or three people posting on it, what's the point?!

Strange behaviour.

Jay

[fur] 19/11/2009 16:20

why can't i get the price to drop so I can a 1m cheaply

[induna123] 17/11/2009 15:56

Fair enough Jay. The only reason why I made those comments was because you didn't sound too comfortable before but obviously I was wrong.

Anyway, back to the stock. I note the offer price has been raised yet I only see 4 sell trades. I wonder if somebody in the background is buying?

[jaylett] 16/11/2009 09:10

Induna

I have an investment management background and I'm very comfortable with my level of exposure to CUS. The stock currently makes up about 5% of my total portfolio size, which is diversified between small and large caps across a number of sectors I like at present. I have considered adding a couple % more in CUS, pending the upcoming set of results.

As you say, concentrating your portfolio in a couple of these volatile small-cap names is a very, very dangerous thing to do. If the last 18 months haven't taught private investors the lesson of diversification then nothing will. Thanks for your concern around my investment strategy, but I'm happy with my current 'predicament'.

Jay

[induna123] 13/11/2009 14:01

Well quite frankly if you're already down a grand then you've invested way more than I'm prepared to put into small caps like these. I'm only down a £100 on the current spread which I can live with. Stocks like these can be dangerous if you put too much of your capital in them. I used to do that but now I'm more conservative. I've learned my lesson as I too used to get stung quite often.

And try not hold too many stocks at the same time. Conserve your cash. I note Jay said he already holds a fair amount of these and even thought about buying more. That would be foolish imo. Not becuase CUS is a bad company but because you don't want to over-expose yourself in one stock as you'll end up trapping all your capital if the share price goes down.

No point looking for sympathy or looking to blame others for your predicament, only you can rectify the situation.

[tak082] 13/11/2009 11:15

there is no new beginning but a stagnancy environment
few of us are in a quick sand situations.
only survivals are who can afford to leave or dump their holdings for the long terms.

[tak082] 13/11/2009 11:11

i have lost faith in small cap as they donot intend to inform each and every move
they will only portray what they want to
customise has no great investors or buyers for the machines. cant see their results out very soon
could be a long wait before the dawn
i was in at 1.3 and still down by a grand in red cant see mm devolops spreads and keep it down.
dyor

[jaylett] 13/11/2009 09:46

At the speed CUS is burning cash, any flow-through of sales might not come soon enough. Look at the last placing, a relatively small amount, which would indicate we are raising cash to cover week-to-week expenses. That worries me.

I am not trying to talk this down, I hold and I bought originally because I like the story. Things have not progressed as quickly as I would like, sales just don't seem to have taken off. If the regulatory annoucement helps then great, but for me the Moorfields announcement might be the big one. Hard orders is what we need short term, and profitability mid term.

If the annoucement was 'company changing', then why the drop in SP? The market isn't buying into it. And to be honest, I haven't seen any director purchases announced, so neither are they.

Jay

[induna123] 13/11/2009 09:09

If it wasn't a company changer then why did Saarloos say this?


Dr. Paul van Saarloos, Chief Executive of CustomVis, commented, "Being one of
the first laser developers in the world to offer this highly specialised
treatment for a very common problem will give us a big competitive advantage. As
well as being a new and additional source of revenue for the Group we anticipate
it will lead to expanded sales of the Pulzar Z1."


The last line tells us a placing may not be needed.

[jaylett] 13/11/2009 08:22

'Nothing to do with CUS'.

The share price of CUS has everything to do with CUS. It reflects the market's sentiment towards it, and while the overall market mood will have a knock-on effect, it is a minor one against the confidence the market holds in CUS.

I'm a holder of a decent sized position here, and while the recent news was good, it wasn't the company changer it's been made out to be IMO. We still need hard sales of products, and cash coming in the door in the short-term. Until that time, the spectre of more placings to raise short-term cash will keep the share price depressed. That's why CUS is not holding the gains it made, not because of general market malaise.

We are still waiting for the Annuals and Moorfields results, which were referenced in a previous RNS as being due 'in early November'. I sent CUS an email asking for a date, they have not replied. The contents of that RNS when it comes will be of huge importance to CUS and will dictate whether I sell and walk away or increase my holding.

Jay

[induna123] 12/11/2009 13:14

What are you talking about Jay?

[jaylett] 11/11/2009 15:44

That is b*llocks frankly. If you believe it then you are deluded mate.

Jay

[induna123] 11/11/2009 14:22

Hmmm, disappointing today. Thought we'd hold on to the recent gains. I'm not too worried, a lot of stocks are red at the moment, mm's marking down on minimal volume as per usual. Nothing to do with CUS.

[jaylett] 11/11/2009 11:40

They need to get on with it then, because the market is still selling off.

Jay