||EPS - Basic
||Market Cap (m)
Real-Time news about Pixology (London Stock Exchange): 0 recent articles
|qalbabbass: I can see 50p here quite easily. If we look at the past three years share price average, it comes to around 120p so if some one bids at 50p I think their getting it cheap.
What fundamental changes have there been over the past three years?|
You've got it right so far - spot on with your top up yesterday, compared with mine today following the reassuring cash news.
Your reasoning re EVT being involved in the bid talks makes sense. otoh it may be that they haven't bought more shares because like some of us, having bought they have then had doubts. No point risking buying a large stake and then getting lumbered with it. There is no certainty that there will be a bid.
btw re Jessops going under. Again your reasoning makes sense. But a fall of around 70% in the Jessops share price following earlier big falls on previous profits warning suggests there are some who don't share your confidence.otoh the market can get these things wrong.
Thanks for your informative and well reasoned posts.|
|martincoops: Well there is your update
The Board of Pixology notes the movement in the Company's share price over the
last few weeks and confirms that the Company continues to maintain a strong
balance sheet, with over #5 million of cash in the bank. The Board is also very
aware of the uncertainty resulting from the lack of recent news regarding offer
talks, but expects to be in a position to update the market on these talks
within the next few weeks. However, there can be no certainty that an offer will
be made for the Company or as to the terms upon which any offer might be made.
The Company also plans to issue its Preliminary Results for the year ended 31
December 2006 in the second half of April.
Good luck to those that held you should see a nice bounce today|
|nickcduk: Im going against the doom-mongering here and have added at 20.5p this morning. Even if results are terrible, the cashburn is under control and the share price is backed by cash. The IP does have some value and EVT are definately capable of unlocking it if anyone can.|
|plentymorefish: 0.5p spread & still this share price won't shift - held these for so long expecting the turn to come but it's frustrating beyond belief - agree with jonesy100 where is the news??|
|the shuffle man: Just started to look at PIX
Had a read of the seymour peirce researh from Sep when they reduced to underperform when the share price was 26.5p.
They say there is huge competition.
Can pixology compete with the big boys such as HP and Kodak.
To acheieve the reduced forecasts they need to sign up a good few contracts over the next 2 years, what is the likely hood of this happening.
Apart from the bid talks cant see the attraction in this one, can some please put up a case against this view please.|
|jonesy100: Don't seem to have. There is a share option scheme, but the performance has not been good enough to trigger it. At this rate, they'll never kick in.
Long Term Incentive Plan
At the Annual General Meeting of the Company held on 19 July 2005, an amendment was made to the EMI Plan to permit grants to the executive directors of options at an exercise price of £0.01. These options vest equally on 31 December 2005, 2006 and 2007 subject to the satisfaction of demanding profitability and share price measures. These targets were not hit for the year to 31 December 2005 and the options relating to these targets have not vested.|
IMHO the core problem with PIX is that it is a small firm facing fierce competition in a product area that is heavily commoditised. Look what happened to digital prints, where the margins have been increasingly squeezed.
I think Young and co originally hoped that PIX had enough first mover advantage in key technologies (eg. IRISS) to move quickly into profit and then become a valuable takeover target down the line. This hasn't happened, and PIX is now in a position where it is struggling to make any headway outside the UK (although if it can consolidate that position, it may eventually make some money).
If Young and 3i calculate that this is a management problem, then maybe we will see some changes. The current silence could well be a reflection of tensions within the firm over next steps, particularly the current bid (which I would bet is not much above 50-60p).
My view is that the market always hears things before the poor mugs like us, and that the flat-line in the share price is a reflection that there may be no deal in the offing. However, the more optimistic slant is that there a complete news black out and, as nobody can take significant positions in this stock without heavily moving the price, the market is taking a wait and see attitude.
My problem is that I have no way of judging the quality of the PIX IP against anything else in the market (Anyone have any thoughts?). On that basis, the value of PIX in my mind lies mainly in its contract base in the UK.
|a7009090: There is a danger of trying to work out what's wrong with Pixology & it's share price, when it is possible that the share price is just responding to sentiment to the sector. For the past few months small tech stocks (esp AIM) just haven't been attracting any interest or press comment, add to that the sell off in the past fortnight resulting in a move away from risk/volatility.
I try to focus on the news coming from the company, and not to let movements in the share price alone determine your thinking. Sometimes a falling share price is just an opportunity to add cheaply to a holding - which is not the same as "averaging down".
Looking at Pix's cash position should limit any downside from here....Pix is still a high risk investment, but apart from the news from Jessops not much has changed as far as I can see...|
|a7009090: I'm a l/term holder - I am really not bothered by the s/term share price. Being down a little with the market in it's steepest drop for 6 mths is hardly a surprise. More generally, all small tech co's are out of favour at the moment as far as I can see. it's always a danger to just look at one company in isolation, trying to make sense of the ups-and-downs of the share price, when most movement in share prices probably has more to do with the whole sector.
I know none of this is particularly original, but it is amazing the extent to which even experienced investors become fixated on trying to work out why their favourite share happened to go up/down - when if they looked at the whole sector it becomes obvious, & chances are any movement was due to news about another company in the same business. Classic example, Imagination Technology (a long favourite of mine), there are investors who have held it for years (judging by their posts on ADVFN) who only seem to watch this one co's SP, oblivious to what's happening to the wider semi/tech industry & thus moving the whole sector.
Okay, ramble over, but sentiment matters - PIX is a small AIM tech co, not exactly flavour of the month - not bothered! Digital photography is a developing market, I'm happy to enjoy the ride....|
Pixology share price data is direct from the London Stock Exchange