Netdimensions Share Discussion Threads

[hugepants] 22/7/2008 13:38

analyst,
Yes I think theres a few real bargains appearing now. Ive recently flagged up a few on the Value Shares (VAL) thread.

[the analyst] 22/7/2008 12:19

Hi Hugepants

Interesting to see the appearance of profitable companies valued at less than cash again. Have you been seeing many of these valuation discrepancies around?

Do you have any thoughts on where we are in the microcap market cycle right now? Nearing the bottom perhaps, or still some way to go do you think?

Feels like mid-2002 again to me. Still some way to go, but real bargains starting to appear.

[hoveite] 22/7/2008 12:05

I think so ... if you look earlier in note 11 the $146,303 is shown as a loss, even though the earnings per share calculated from this are shown as a profit as you point out.

[hugepants] 22/7/2008 12:00

You sure? Note 11 shows profit of 0.6 cents (0.3p) "before exceptional costs".

[hoveite] 22/7/2008 11:51

Although in note 11 to their accounts they manage to present this profit before exceptionals as a $150,000 loss - presumably they forgot to proof read their accounts!

Or am I missing something and the £146,303 really is a loss?

[hugepants] 16/7/2008 15:45

Mcap at 5.875p = 0.05875 * 24.86M = £1.46M


At Year end December 2007

Cash = $5.7M = £2.9M = 11.6p ($1 = £0.51)
Net working capital = $6.0M = £3.07M = 12.3p
NAV = 12.5p

Revenues = $4.3M

Company profitable ($150,000) for 2007 IF you ignore AIM listing costs and include interest on cash.

dyor.

[tsmith2] 11/1/2008 08:17

decent contract win, certainly high profiled chart looks as though we can be about to be running higher too

[tsmith2] 04/1/2008 15:56

I agree

Also around half the market cap is CASH and you could easily through that much just for a listing quote, seems like a cash and profitable generative business is being thrown in for £nil.

[kegs-on-legs] 04/1/2008 09:22

Down over 50% in last few trading days due to contracts slipping into 2008.

Well oversold at these levels.

Business still sound & making profit.

Any views?