Ebtm Share Discussion Threads

[loverat] 07/1/2009 06:16

I took a punt on these a couple of years ago. I suspected these were heading nowhere but I remember posters saying this could be another ASOS. I think there were some concerns about the background of one of the directors who may or may not still be on the board. It is extremely rare for companies for this size to go anyway. So many factors need to fall into place to succeed.

At the time I put the chances of success here at about 1%. Although ASOS may have been the exception to the rule and is now hundreds of times the price it was - the risk still heavily outweighed any potential reward. It never ceases to amaze me to see very intelligent and knowledgable people investing in companies like this. All common sense seems to go out of the window and and investing for the long term here would be like placing £2,000 on West Brom to finish in the top four this season.

[the analyst] 07/1/2009 01:32

Selling 7m shares for £10k is a lot better than getting nothing for them. Plus, whoever sold them can claim the loss against any capital gains. If they held the shares into administration, then it could be years before they can claim the losses against tax

We will get some idea about how decent internet retailers are fairing when ASOS release their January trading update. If they post disappointing figures then it will indicate that things really are bad in the retail world.

[abc125] 06/1/2009 22:45

Lloyd is probably a director of ebtm....well, he has to have some sort of connection to keep ramping this.

[greengiant] 06/1/2009 22:01

SM - got out of this ages ago and have been critical of management ever since. Unfortunately, my concerns were correct.

I am well, how about you.

gg

[loverat] 06/1/2009 21:50

This post made me chuckle..

LLOYDEBTM - 23 Dec'08 - 02:59 - 969 of 1001

ISIS have management consultants that regularly meet with CEO and help guide the companies they invest in to achieve outstanding growth. They will get out and move on at the right time but only when they have achieved a huge profit in the companies they have invested in. Their portfolio is amazing - and they never make mistakes in the companies they invest in and I mean NEVER MAKE MISTAKES. With ISIS on board it reaffirms my commitment to my shareholding and I still rate EBTM as a STRONG BUY (at 1p a share it is crazy money, in 2-3 years time, people will be kicking themselves that they didn't buy at this level).

[barnsey] 06/1/2009 21:25

Broker Forecast from Digital Look website.


Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield
30-Apr-09 8.09 1.70 0.31p 0.7 0.0 +29% n/a 0.0%
30-Apr-10 9.28 2.14 0.45p 0.5 0.0 +45% n/a 0.0%

These were not taken with a pinch of salt i can assure you.

[dixi] 06/1/2009 20:36

Loverat - I doubt it, most of the posts were often taken with a pinch of salt, and maybe the 2.5m trade yesterday seemingly on a tip-off is also hot air and fantasy.

Afterall we are now supposed to believe all is not what it seems and something else is really afoot - too much being smoked, I feel!!

[loverat] 06/1/2009 20:30

dixi

I have very limited knowledge of this company but surely nobody believed that post?


10M with a profit of 1.6M -

Yeah right!

[dixi] 06/1/2009 20:28

Loverat it really does need looking into - but nobody wants to be the snitch do they - just the way it is. We would all love to be insiders, but usually best to keep quite about your advantage rather than pumping all the time and then selling on the nod.

[supreme mo] 06/1/2009 20:14

gg are you still in the co or have you sold your holding?

I hope all is well with you.

Unlucky to all holders - at one time I thought this co has some real promise...

[oscar_hermann] 06/1/2009 15:10

Noooo, they can't go yet!! How I so enjoyed viewing their progress from my ivory tower! : )

[dixi] 06/1/2009 14:59

It is you, I am afraid it is still there attracting as little business as ever!!!

Well I have thrown in the towel - this has dropped from a penny and contrary to what Lloyd must be thinking this is not now going to rise to above such a price, in fact it will probably fall further given that they cannot sell at Christmas, are saddled with stock they cannot seem to shift and no doubt plenty of bills to pay.

I have exited with £500 in my pocket (massively less than I started with, but that's the way it goes) great shame!!

[minger] 06/1/2009 14:27

Is it just me or is the EBTM site down?

[niggle] 06/1/2009 13:03

Lets hope the FSA have kept a copy of this thread. I have.

[dixi] 06/1/2009 12:22

Ok Lloyd so you got the nod and made for the exit yesterday, but how can you still be so optimistic - how are they going to pay suppliers, staff, manufacture of their own brands etc?

They are strapped for cash - at this level who is going to lend to them.

As for saying knowledge is a good thing it may have been fair of you to suggest something on here as no doubt many of you positive comments may have given cause for a few to hold on hoping for a better Christmas not sales 33% down.

It is basically insider trading that you are owning up to here - some embittered holders may not take to kindly to that?

[lloydebtm] 06/1/2009 12:11

Vol Sold
11,533,788

Vol Bought
11,563,875

[lloydebtm] 06/1/2009 12:08

Dixi, knowledge is always a good thing :)

Notice the volume of buying compared to selling, someone is buying huge chunks of this company, as fast as someone is selling, (someone is buying, hmmm I wonder who), the story is not over, it may just of looked that way this morning when the announcement was made :)

[baheid101] 06/1/2009 10:50

In my view the majority of the blame lies with management execution - the website, product, marketing, pricing strategy, availability etc have all been weak and behind the rest of the industry for some time. Basically these guys don't know how to retail and I'm gutted to have lost money when I have observed these weaknesses in execution for some time but gave them the benefit of the doubt - a positive investment bias i.e absense of selling discipline is a difficult thing to shake off. Constant 50-70% discounts and 20% discount vouchers mean you have to see massive volume uplifts to even maintain the same level of sales and gross profit, never mind grow. If the company has already burned through its £850,000 of fresh equity and is drawing down on its banking line then it is essentially bust and the equity is worthless.

Lloyd - I was always interesed why you thought them buying loads of stock was somehow a positive??? Next shares are up today largely due for the opposite action - they bought 8% less stock in anticipation of weak trading.

[tel patel] 06/1/2009 09:58

somehow doubt we will see any more posts from lloyd

[fairdeal2008] 06/1/2009 09:58

Well notwithstanding the poor update to drop the price by 90% was a clearly excessive (although doubtless one of our city funds has dumped 4.5mn shares at 0.10 letting the market makers yield a nice 75% return in a few minutes.

Perhaps a 50% fall migh have been understandable and highly likely to move up as the bottom fishers pick up cheap stock.

imho