Sovgem Share Discussion Threads

[jonwig] 25/11/2005 15:34

I see HRBN has dropped today; quite possibly production has been halted at their factory, following the chemical pollution of the river: looks a very serious situation in the city.

[latifs100] 24/11/2005 15:06

buyers have been in since 6p.. so sellers may be tempted at this price to take profit.

[jonwig] 24/11/2005 14:15

There's still mileage, guys. The company's next investment(s) will be well-placed to perform post-IPO.
There's always the possibility of another reverse takeover approach; and we now have a hedge fund on board.

[miln] 24/11/2005 14:10

Not as late as me, 11p. Albeit a tiny speculation, just for fun. :-)

[mikehardman] 24/11/2005 12:12

bought-in at 10.5p this morning; late to the party, I know

[jhan66] 23/11/2005 13:05

ignore the 60p highs, this started to get interesting sub 12p and since them asset value has improved steadily.

I suppose assets are closing in on 20p, so i'm hoping we'll get up to 15p share price eventually.
bear in mind assets are mostly cash or listed companies, doesn't warrant much bigger discount. But the next real mover will be if/when they advise of the next couple of investments.
As Jonwig said previously, follow them into their next investments might be the best strategy. they have a good stock picking record so far.

[latifs100] 23/11/2005 11:50

up on the move again today.. am i reading the chart correctly..its fallen from high of 80 to 7p??? must be a bargain for long term

[hampster] 22/11/2005 16:36

nice chert

[jonwig] 22/11/2005 16:30

HP,
Yes, the market's light is dawning, maybe.

Next will be the thundering herd along here: "does anyone know why this has been going up?"

[hugepants] 22/11/2005 15:39

The market seems to have realised the discount to NAV is a bit excessive now.

My NAV estimate is 17.5p which is hopefully prudent. Theres a bit of guesswork involved but NAV at end Sept was 15.3p. Since then Harbin has doubled. So if SOV still have their 250,000 shares the stake is now worth 5p. Ive just assumed Bodisen valuation is constant although thats probably prudent given the rise yesterday put it at an all time high. The trouble is guessing how many shares SOV have sold since the last NAV update. Maybe theyve sold none. But cash should be at least 10p assuming theyve made no new investments.

[hugepants] 22/11/2005 13:54

John
Thanks received OK.

[nappers] 22/11/2005 12:34

Yep - starting to look stupidly cheap and will get picked up by the tips sites soon - director buy at 6p gives confidence in the future. Some more nibbling going on the last 2 days and offer is now 7.25 rather than 6.5-6.7p. Once TEAM finish their seller or we get a tip or both we should jump through 10p easily. NAV at 19p makes the share price look stupid.

Bot another 25k at 7.25p - not long till we break IMO.

[jonwig] 21/11/2005 19:51

Thanks - will update tomorrow.
Both BOD and HRBN would have been spectacular stocks to have followed SOV into - instead we bought SOV ...

[jhan66] 21/11/2005 19:32

seen the US? Bodisen up 32%, Harbin up 11.5%

[jonwig] 21/11/2005 16:42

HP - best I e-mail you the Excel I've been using - later today.

Sent at 17:35 - let me know if not received.
Will your Hotmail accept attachments?

[hugepants] 21/11/2005 15:52

john,
When you've time could you show briefly how you work out the NAV? Your figure is broadly in line with my estimate.
Also do you know anything about the CGT situation? The company is based in Guernsey I think and the AIM admission document implies CGT isn't payable on profits from investments (and Ive just realised there is no stamp-duty payable on share purchases for this stock)

[jonwig] 21/11/2005 15:34

Another decent one just now: have you seen the updated NAV?
At the moment, there's no reason to revise the cash balance downwards.

[hugepants] 21/11/2005 14:40

Two big trades gone through. Looks like another 1% or so of this company has changed hands

[hugepants] 17/11/2005 21:33

NTV, Its getting even better. Up 19.2% now.

7.45 +1.20 ( +19.20%)

[hugepants] 17/11/2005 15:20

Sorry for the ramping but Harbin just keeps going up. Up another 6% (US$0.38) so far today. I make that about 0.25p onto SOV's NAV.


PS. Dont expect me to be updating the Harbin share price when it drops.

[jonwig] 17/11/2005 09:28

NAV in header updated to 16.9p, disc 60.1%.

[nappers] 17/11/2005 09:26

Cheers jonwig - got it - so doubleability here then. Just picked up another 25k at 6.7p - not sure how long this offer will last.

[jonwig] 17/11/2005 09:23

Nappers - reason for rise in HRBN - see post #78...??