Energiser Investments Share Discussion Threads

[johndee] 06/1/2010 10:22

Very quiet here...can buy now at low price of 4.6....

[officerdigby] 05/1/2010 10:22

RTO candidate FYKW?

[mike111d] 05/1/2010 08:38

Some selling this morning was inevitable when folk realsied last night that their holdings here had effectively doubled in a day, for some a good exit opportunity and for others an opportunity to buy.

[johndee] 05/1/2010 08:34

T+ traders who have no idea the potential of the results..........

[mike111d] 04/1/2010 18:35

daicaprice, that is certainly what I desire and all things being equal believe we will achieve. To that end I was a buyer again of PYC towards the close.

[mike111d] 04/1/2010 18:33

OK I was thinking of the trade for 43,594 on Plus this afternoon.

We certainly benefited from the 200k buy at 7.75p late this afternoon. Serious money for a one off trade.

Given the rise today, I would imagine that come tomorrow ENGI will have appeared on the radar of a wider audience.

[daicaprice] 04/1/2010 18:27

Well done you all, a good call. Mike I hope you bring this good fortune to another couple of shares. Enjoy everyone.

[johndee] 04/1/2010 18:24

was 3 or 4 buys...........I was looking for more funds...even sold some RRR temporary I hope...............10,000 & 20,000 were the only round numbers.

2 of the buys they said they could not give a firm quote...had to trust them....was ok...I was surprised as it was small numbers but maybe the price was rising fast that time. Some at 5.25, some at 6.25 and last lot at 7.1....smallest amount 5,000 plus.

No way was I going to sell any of my BAO though....703,000 of those I have(cost about 43,000 pounds). had a further 78,000 on a T+10 but sold those at a good profit.

[mike111d] 04/1/2010 18:21

I did spot that buy this afternoon. Hopefully we will see continued if more restrained progress from here.

I was not familiar with BAO but the retrace back to circa 5p looked over done and I would imagine that they will close the year comfortably up from the current level.

[johndee] 04/1/2010 17:00

Yes......ended up with another 45,000 shares...does not seem much but has brought my average price way down. But I did invest over 50,000 pounds originally so ways to go if I ever hope to break even.

Nowadays my big 50,000 pounds investment is in BAO....thats also looking great.

[mike111d] 04/1/2010 16:33

Well plus 93% on the day, what an excellent way to start the year!

[johndee] 04/1/2010 15:58

Just the beginning by the looks of it.............such a small capitalization it can go to 50 pence quite easily..................

[mike111d] 04/1/2010 15:55

See above.

[zak_mo] 04/1/2010 15:51

mike why the rise ?

[mike111d] 04/1/2010 15:33

It would seem that the posters over on LSE are clueless and not for the first time IMO.

[mike111d] 04/1/2010 14:51

With the further advance I can see how you would already be in the money on your purchases today. Hopefully before long you will have made good on your overall investment.

[johndee] 04/1/2010 14:35

Was well worth buying more..new ones in profit almost immediately.........

[mike111d] 04/1/2010 13:30

I believe that ENGI now represents a sound investment opportunity as when it releases its results for the year ending 31/12/09 they should mark something of a transformation for the company. For the year ended December 08 it was not in the best of shape, with a negative net asset value of £500k. The good news however is that during the course of 2009 this situation has been reversed and principally via the company realising in excess of £1m from its investments in Physiomics, they should not only report a profit in the region of £800-900k (my estimate) but the net asset value will have swung back round to being circa £700k to the good. Prior to 2009 it was impractical for ENGI to realise value from the PYC holding as this was held via a limited company Eirx Pharma Ltd but with the voluntary liquidation of EPL earlier this year the holding transferred to ENGI and they were then able to sell the stock into a ready market and at a significant profit.

Per the RNS issued on 24/12/09 it was confirmed that progress has been made with their investee company DFL, whereby of the 29 housing units held they have now sold 9, with a further 15 being let on commercial terms. Leaving just 5 units to let or sell. So this investment is now starting to yield returns and cease being a drain on company resources. Whilst at the same time the year end accounts will reflect the monies realised on the units sold along with the rental income. The sale of the units will further reduce borrowings and benefit the net asset value. Furthermore, at the same time it was confirmed that the principal shareholder in the business S.Wicks had elected to accept stock at the then market price in lieu of £100k of the amount owed to him and at the same time S.Bennett accepted 250k shares in lieu of director's fees. In my experience, shares are only accepted in lieu of cash and bearing mind that they now have over £1m in the bank, when the directors know that the shares are likely to appreciate.

So this now leaves ENGI with very strong earnings to report; confirmation that the balance sheet has been shored up; progress made with investee company DFL and last but not least a very healthy cash balance. I should also add that whilst last year they also took a significant write down of £283k on another investee company ERX with the June 08 interims, that whilst this company is delisted it has not ceased trading and so at some point we might see this adjustment reversed and a further substantial gain being recognised in the P&L, whilst further strengthening the net asset value.

Now from my perspective I do not see the company ticking along with a significant amount of cash on hand just caretaking the DFL business. In fact what I anticipate in the near future is that it be confirmed that ENGI will be the subject of a reverse take over with some very interesting assets being absorbed and the cash being put to good use. This being with a view to realising maximum value for shareholders, something which for the long term holders is long overdue.

Taking the above into account I can see ENGI stock being marked up fairly swiftly once the market wakes up to the fact that the ugly duckling was after all a fine young swan.

[johndee] 04/1/2010 12:41

I wonder why the rise?.....still another 195 pence to go.................

Was 200 pence when i bought..........

[mike111d] 21/11/2009 14:09

Jemima, yes the cash generated to date and the book value of the remaining shares in PYC is impressive. However, this only serves to go some way towards addressing the issues of their NAV and the sector based challenges faced by their other investee companies.

I was happy to have bought into ENGI below and around 1p earlier in the year but personally would not look to buy at current levels.

[johndee] 21/11/2009 13:46

What holding? Knowing the 'old billam' they will have sold them below 0.2 pence...........LOL.....going bust for sure with my 50,000 pounds.

[hollyhock] 20/11/2009 19:41

Gosh.. their holding in physiomics must be worth nearly twice the current market cap!!

[johndee] 22/10/2009 15:15

Why has its share price dropped 99.9%?

[ant15] 22/10/2009 15:13

I am surprised the shareprice has not registered the uplift in Physiomics... in which ENGI has bucket loads!!