Financial Payment Systems Share Discussion Threads

[seanmiller] 19/5/2008 08:03

lol, i have no idea to be honest, for her sake I hope it's a naff one. deserves it after the last 6 months of ramping anything/lying through her teeth

[8trader] 19/5/2008 08:00

Could the news be good ?

Although why suspend the shares if they have a good rns to issue ?

[seanmiller] 19/5/2008 07:58

lol, i warned you may may times. see above..............

[iantc] 19/5/2008 07:52

this is one hell of a roll your on chancer ,

[8trader] 19/5/2008 07:48

Surely not another one chancer ?

All trains in Yorkshire have been cancelled today :-))

[orinocor] 18/5/2008 14:58

when are the results due

[chancer6] 18/5/2008 14:37

There was no market reaction to the removal of Ong Lay Ann news at the beginning of the month godolphin and the price is where it was. Can see that on the charts! With his removal cash burn will be even less than £106,000 a month imo. He was most likely asked to leave because of the failure of the joint venture and he resigned immediately. With his holding he could have sticked around! The price fell from 3p to 1.50p (cash position) because of the imminent end of the joint venture and the price was at that price for a few weeks. The fall from then was because of Fidelity selling out though someone has mopped up their stake and hence why I'm bullish that the price will be corrected to cash position of around 1.65p in due course. Can't see any other company on the market with a lesser cash burn on a monthly basis which will be even smaller with the end of the joint venture and hence the 2 million cash quoted in February will be around 1.65p on the share price when the finals are announced at the end of May!

[godolphin] 18/5/2008 13:41

Yes but they've just forcibly removed Ong Lay Ann who was also CEO of Weststar, the company that owns 44% and is the representative of the Ong family investments throughout Asia. Not surprised the market doesn't like it. Worth watching though, lol, money can somtimes be made from 'problems' simply because the market overreacts.

[chancer6] 18/5/2008 10:50

FACTS:

-Current mkt cap of 0.37m compared to other shells where mkt caps are around 0.60-0.75m and take into account the value of the AIM listing

-February 2008 RNS states that cash position was just under 2 million:



-September 2007 Interims clearly states that cash burn is £106,000 a month and likely to be the same:



A new investor (Mr Douglas Gourlay) has bought a holding of 4.50 million shares recently:



The price was stable at 1.50p which is the estimated cash position for a month after the Feb 2008 RNS. The price collapsed after that due to Fidelity selling their stake but Mr Douglas Gourlay mopped up their stake.

Since the Feb RNS we're now in the 4th month and with £106,000 cash burn a month = 2 million - £424,000 = £1,576,000. That equates to around 1.65-1.75p cash with 92 million shares in issue. That's where the share price should get corrected to imo and that price would still NOT put a value on the AIM listing.

-The market makers have been bidding very aggressively for stock since Mr Douglas Gourlay's buying and can't buy half as much at 0.50p. Think around 100,000 is left at that price and rightly so!

[seanmiller] 18/5/2008 09:07

Who is Mr Douglas Gourlay

He is someone who picked up £16,875 worth of shares (total holding worth £16,875) from the financial institutions (those in the know) who didn't want them. Not a very clever move IMO

Cash burning here, and each and every day more cash is being burnt. Not long to go IMO

[seanmiller] 18/5/2008 09:04

everyone usuing the wow

heres, one

"wow, what a bunch of novices lol"

[chancer6] 17/5/2008 17:44

Who is Mr Douglas Gourlay?...wouldn't have thought a private investor would buy 4.50 million shares in one go.

[lord santafe] 17/5/2008 16:52

wow, overtime posting on the weekend. I just do not bother to post anymore unless one of my shares gets some decent trade or price action.

[seanmiller] 17/5/2008 16:44

I'l hang about in my bedroom at mu mums house for another 6 weeks stalking you and bashing away.

I'll stay here for years lol!!!

[chancer6] 17/5/2008 14:34

WOW just got back from an afternoon and night out in London. Seems some here could do with that. As bullish still and very hopeful for next week when the price gets corrected to cash position of 1.50p.

[seanmiller] 16/5/2008 15:02

wow, not one person is interested in this comppany other than chancer.......

[seanmiller] 16/5/2008 11:55

lol, the only spread here is you "spreading" ramps to other bb's

HLL bb swmpaed with your ramps.

v.sad and desperate in your bedroom IMO

[chancer6] 16/5/2008 11:34

40% spread still too big but smaller than the 70% seen before that gentleman picked up 4.50m shares at 0.33-0.35p.

[seanmiller] 16/5/2008 11:07

lol, you know you read them, as well as I do. And it is not more popular cos no one is posting except me and you, what a novice.

SCAP on 0.20p BID!!!!!

how bad is that!!!